Whitehaven Metallurgical Coal Acquisition Presentation
5 Strengthens and expands Whitehaven's position in
attractive growth segments of the market
Steel is essential for economic
development, and metallurgical coal is a
critical component of blast furnace
steelmaking
Robust global demand growth for
metallurgical coal to be driven by
urbanisation and growth in developing
economies - particularly India and
Southeast Asia
Structural shortfall in HCC production
anticipated due to continued under-
investment in metallurgical coal assets
(consistent with HCV thermal market)
Pro-forma sales volumes
by geography
Asia seaborne demand for metallurgical coal² (Mt)
300
250
14%
2%
3%
200
150
100
9%
FY20-23A
47%
50
■ Japan
■China
■Taiwan
■South Korea
■Pakistan
■Malaysia
■ Vietnam
■Indonesia
India
9%
0
2023 2024 2025 2030 2035 2040
2045
2050
16%
Global supply/demand for HCC³ (Mt)
300
250
■ Japan
■ India
200
■ Korea
■ Taiwan
150
Daunia and Blackwater expected to play
■ China
■ Malaysia
100
a critical role supplying global
metallurgical coal demand
■ Other
50
0
1.
21
2.
3.
On a managed basis, excluding coal reservation volumes for WHC, based on sales volumes for WHC, Daunia and Blackwater FY2020-2023.
Other includes: Vietnam, Indonesia, New Caledonia, Chile, Thailand, Philippines, Pakistan, New Zealand, Europe, Australia
Source: Wood Mackenzie August 2023 seaborne metallurgical coal.
Source: Commodity Insights 2023 entire metallurgical coal complex including Hard, Semi Hard, SSCC & PCI global seaborne supply.
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
74Mt
Shortfall
Supply
Demand
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