Whitehaven Metallurgical Coal Acquisition Presentation

4 Delivers scale and diversification benefits (cont.) DIVERSIFICATION DELIVERS FINANCIAL MARKET BENEFITS ☐ Metallurgical coal companies trade at a premium to thermal coal companies Improved investment proposition appealing to broader investor base - Greater weighting towards metallurgical coal is expected to: improve access to funding A balanced ESG approach through diversification Supporting economic development through metallurgical coal Providing energy security through the energy transition - lower WHC's cost of capital - improve access to insurance 20 20 Supporting customers' decarbonisation plans through high-CV thermal coal fueling USC plants WHITEHAVEN

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