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FY26 Full Year Results ASX:NHC 15 September 2026
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New Hope Group Important Notice This presentation contains information about New Hope Corporation Limited and its subsidiaries (together, New Hope or the Group) in summary form only, and should be read in conjunction with other announcements made by New Hope to the ASX (copies of which are available at www.asx.com.au). To the maximum extent permitted by law, New Hope and its officers, employees and advisors disclaim any liability for the accuracy or completeness of the material contained in this presentation. This presentation is provided for information purposes only and does not constitute investment or financial product advice. Investors should consider the appropriateness of the information having regard to their individual objectives, financial situation and needs and should seek professional advice prior to making any investment decision. Past performance is not a guarantee of future performance. This presentation contains forward-looking statements. These forward-looking statements reflect current views, expectations and assumptions and involve both known and unknown risks and uncertainties which may affect actual results, performance and outcomes. New Hope makes no r epresentations as to, and gives no assurance or guarantee of, the fulfilment of any forward-looking statements or any outcomes expressed or implied by any forward-looking statements and, except as required by law, New Hope disclaims any responsibility to update or revise any forward-looking statements in this presentation. This presentation contains certain non-IFRS financial measures which have not been audited. All amounts are in Australian dollars, unless otherwise stated. Tables may include immaterial rounding differences. References to reserves and resources in this presentation should be read in conjunction with New Hope’s coal resources and re serves statement released to the ASX on 15 September 2026 (in relation to coal reserves and resources). New Hope confirms that, as at the date of this presentation, it is not aware of any new information or data that materially affects the information included in the relevant resources and reserves statement and , in the case of estimates, that all material assumptions and technical parameters underpinning the estimates in the relevant resources and reserves statement continue to apply and have not materially changed. FY26 Full Year Results 2
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New Hope Group FY26 Highlights Rob Bishop Chief Executive Officer FY26 Full Year Results 3
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New Hope Group FY26 Full Year Results Strong operational performance translating to increased shareholder returns Operational performance1 Financial performance1 Safety – HPEFR2 38.3% reduction 3.59 ROM coal production 3.3% increase 16.9Mt Saleable coal production 7.6% increase 11.5Mt Coal sales 11.8% increase 11.8Mt Fully franked final dividend Per share 30¢ Total Shareholder Return Twelve months to 31 July 2026 32.7% Realised price (incl. hedging) 10.0% decrease $145.2/t Underlying EBITDA 32.8% decrease $514M 1. Percentage movements relate to the previous comparative period being the full year ended 31 July 2025. Highlights reflect 80 per cent interest in Bengalla Mine, unless otherwise stated. 2. High Potential Event Frequency Rate (HPEFR) – twelve-month moving average. Percentage movement relates to 31 July 2025. 3. Underlying earnings before interest, tax and depreciation and amortisation (EBITDA) is a non-IFRS measure. A reconciliation to statutory profit is set out on page 18. 4 Revenue $1,767M Net profit after tax $161M 0.5% decrease 63.4% decrease
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New Hope Group - 1 2 3 4 5 6 7 Jul-22 Jan-23 Jul-23 Jan-24 Jul-24 Jan-25 Jul-25 Jan-26 Jul-26 TRIFR - twelve-month average 5-Year Industry TRIFR 3.89 Safety – TRIFR 20.7% increase Total Recordable Injury Frequency Rate (TRIFR) Supplementary measure Safety performance FY26 Full Year Results 1. 5-year TRIFR average for NSW open-cut coal mines, per NSW Resources Regulator mine safety performance report 2024-25. 5 1 3.59 Safety – HPEFR 38.3% reduction Primary measure - 5 10 15 Jul-22 Jan-23 Jul-23 Jan-24 Jul-24 Jan-25 Jul-25 Jan-26 Jul-26 HPEFR - twelve-month average High Potential Event Frequency Rate (HPEFR) High Potential Event Frequency Rate (HPEFR) became the Group’s primary safety performance measure during the 2026 financial y ear, reflecting a deliberate shift towards the events and conditions most relevant to fatal and permanent harm. This direction is consistent with the broader evolution of mining safety regulation and practice, including greater emphasis on high-potential events, principal and material hazards, and the identification and verification of critical controls. HPEFR provides an enhan ced view of serious harm exposure, while TRIFR remains an important supplementary measure of injury performance.
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New Hope Group Operational performance FY26 Full Year Results 1. Percentage movements relate to the previous comparative period being the full year ended 31 July 2025. Highlights reflect 80 per cent interest in Bengalla Mine, unless otherwise stated. 2. Free on Board (FOB) cash cost (ex. state royalties and trade coal) per sales tonne. Group FOB cash cost ($/sales tonne)2 Saleable coal production (Mt)1 Bengalla Mine1 10.0Mt ROM Coal Production In line 8.2Mt Saleable Coal Production 4.1% increase $81.3/t FOB cash cost (excl. royalties)2 6.2% increase Group production1 16.9Mt ROM Coal Production 3.3% increase 11.5Mt Saleable Coal Production 7.6% increase $88.9/t FOB cash cost (excl. royalties)2 7.9% increase New Acland Mine1 3.3Mt Saleable Coal Production 17.3% increase 3.6Mt Coal Sales 37.0% increase 6.9Mt ROM Coal Production 8.6% increase 7.2 8.0 7.9 8.2 1.0 2.8 3.3 - 2 4 6 8 10 12 FY23 FY24 FY25 FY26 Bengalla Mine New Acland Mine 6 70.3 77.8 76.5 81.3 90.0 82.4 88.9 - 20 40 60 80 100 FY23 FY24 FY25 FY26 Bengalla Mine New Acland Mine ramp-up
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New Hope Group Financial performance FY26 Full Year Results 7 1. Includes cash and cash equivalents and fixed income investments, which are reported as other financial assets. 32.7% Total Shareholder Return 12 months to 31 July 2026 $145.2/t 10.0% decrease Realised price (incl. hedging) $45.0/t 30.1% decrease Underlying margin (incl. hedging) 707.3 778.5 514.3 FY25 available cash1 Underlying EBITDA (32.8) Tax (161.0) Investing cash flows (206.3) FY26 dividends paid Financing cash flows (excl. dividends) Other FY26 available cash1 (43.3) Successfully issued $300 million of new senior unsecured convertible notes (2.625%) and repurchased 97.77 per cent of the existing convertible notes (4.25%) Investing in Bengalla Mine, New Acland Mine and Malabar Resources Limited FY25 final dividend of 15cps and FY26 interim dividend of 10cps 0.4
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New Hope Group Capital management FY26 Full Year Results 8 Sustaining capital to maintain existing operations Growth capital for organic production increases M&A opportunities aligned to strategy Maximise value available for shareholder returns Fully franked dividends to utilise significant franking account Share buy-back reduction of shares on issue Cash flows from our assets New Acland Mine Growth Capital1 • Road construction and re-alignments – $65m - $75m • Equipment purchases – up to $50m • Other infrastructure – up to $10m 2026 financial year expenditure • $16 million incurred on the public road re-alignment to date Uses of cash flow • Dividends – FY26 fully franked final dividend of 30 cents per share • DRP2 – providing optionality for shareholders to reinvest dividends • Share Buy-back – remains on foot and can be utilised if value accretive. Capital returns 1. Excludes capitalisation of Manning Vale West box-cut. 2. Dividend reinvestment plan.
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New Hope Group - 50 100 150 200 250 2024 2027 2030 2033 2036 2039 2042 2045 2048 AUS Production Excess/Deficit Base Case Demand Strong thermal coal demand outlook 9FY26 Full Year Results We expect Australia’s high-quality thermal coal to play a vital role in providing reliable and secure energy supply to the world 1. Commodity Insights, July 2026. Data reflects calendar years. ~123Mt shortfall Global power generation by fuel source (TWh)1 Australian thermal coal supply and demand (Mt)1 - 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 50,000 2025 2026 2030 2035 2040 2045 2050 Domestic Coal Imported Coal Non Coal Gas Nuclear Hydro Renewables Other
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New Hope Group Our assets 10FY26 Full Year Results Low-cost, high-quality assets provide healthy margins and greater resilience to coal price fluctuations 1. Free on rail. 2. Underlying margin including hedging. 3. Net as received. FY26 export energy content (NAR basis)3 <5,5005,500 - 5,900 5,900 - 6,400 22% 33% 45% FY26 underlying margin ($/t) 62.4 26.5 11.3 45.0 - 20 40 60 80 100 120 140 160 180 FOR Port and rail Trade coal Royalties Underlying margin 1 2 Realised price (incl. hedging) $145.2/t FY25 underlying margin ($/t) 58.8 23.7 13.9 64.4 - 20 40 60 80 100 120 140 160 180 FOR Port and rail Trade coal Royalties Underlying margin1 2 Realised price (incl. hedging) $161.4/t
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New Hope Group Our returns FY26 Full Year Results Dividends declared (cps)1 Cumulative TSR performance (%)2 14cps 17cps 6cps 11cps 86cps 70cps 39cps 34cps 40cps - 50 100 150 200 250 300 0 20 40 60 80 100 120 140 160 180 200 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 gC NEWC 600 (US$/t) cents per share Ordinary interim dividend Ordinary final dividend Special dividend gC NEWC 6000 - 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 2023 2025 ASX All Ordinaries Accumulation Index ASX - NHC Maximising shareholder returns from our high-quality, low-cost assets Total return on investment since IPO ~10.0x greater than the ASX All Ordinaries3 1. New Hope Corporation Limited ordinary and special dividends declared for the relevant financial year. 2. ASX All Ordinaries Accumulation Index. 3. New Hope Corporation Limited since initial public offering to 31 July 2026 and includes reinvestment of dividends. +617% +6,152% 11
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New Hope Group Our responsible approach 12FY26 Full Year Results Responsibly operating our low-cost assets and providing benefits to the communities we operate in 1. Reflects Bengalla Mine at a 100 per cent basis. 2. Land owned and leased for mining operations of New Acland Mine and Bengalla Mine. $174.4m in wages and benefits at Bengalla $185.9m spent with suppliers local to Bengalla 847 employees, 88% local, at Bengalla $1.5m invested in our communities $0.8m invested in our communities $69.5m spent with suppliers local to New Acland $71.4m in wages and benefits at New Acland 361 employees, 96% local, at New Acland FY26 regional impact – Bengalla Mine1 FY26 regional impact – New Acland Mine 7,972 3,086 1,085 Land owned / leased for mining Total mining disturbance Land rehabilitated ~35 per cent of total mining land disturbed has been rehabilitated Land holdings and rehabilitation (hectares)2
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New Hope Group - 2 4 6 8 10 12 14 16 FY23 FY24 FY25 FY26 FY27 FY28 LT Bengalla Mine New Acland Mine Maxwell Mine Our growth 13FY26 Full Year Results Our organic production profile provides cost effective, low-risk growth Bengalla Mine operating at a 13.4Mtpa ROM coal production rate New Acland Mine ramping up to ~5Mtpa Maxwell Mine ramping up, with the longwall commissioned in April 2026 Exploring continuation of operations at Bengalla and New Acland to extend life beyond existing permit 7.2Mt 9.1Mt 10.7Mt 1. Attributing 80 per cent of Bengalla Mine and 25.97 per cent of Maxwell Mine. Maxwell Mine is an investment, and production does not form part of consolidated reporting. 2. FY27, FY28 and LT are estimates based on existing Coal Resources and Reserves. 3. Estimated long term average saleable coal production target for each asset over its relevant useful life based on existing Co al Resources and Reserves. ~15.0Mt Saleable coal production1,2 3 Actual saleable coal production 11.7Mt
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New Hope Group 14FY26 Full Year Results Strategy and investment proposition Strong industry outlook1 Low-cost assets with greater resilience to coal price fluctuations2 Key focus on providing shareholder returns 3 Strong balance sheet and free cash flow generation4 Responsible operator of assets5 Significant organic production growth pipeline6 Our strategy is to safely, responsibly and efficiently operate our low-cost, long-life assets, with a focus on disciplined capital management, providing valuable returns to our shareholders
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New Hope Group Appendices FY26 Full Year Results 15
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New Hope Group Our operations and markets1 16 Key customer locations FY263 Bengalla (80% joint venture, open-cut) New Acland (100% owned, open-cut) Maxwell (25.97% interest, underground) Operating coal mines Queensland Bulk Handling Port facility Bengalla Agricultural Company Acland Pastoral Company Pastoral operations 1. Company assets and holdings as at 31 July 2026. 2. Assets associated with the North Surat Coal Project are impaired as at 31 July 2026. 3. Percentages represent proportion of all coal revenue in FY26. ‘Other’ includes third-party customer contracts with undisclosed geographical information.FY26 Half Year Results New Hope Group head office (Brisbane) New Hope Japan office (Tokyo) Offices Bee Creek North Surat2 Tenements near New Acland and Bengalla, including EL9431, EL9863 and AL19 Coal exploration
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New Hope Group - 50 100 150 200 250 300 350 400 450 500 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 US$/t gC NEWC 6000 Historical long-term average (US$/t) Historical thermal coal pricing 17FY26 Full Year Results Thermal coal pricing found its price floor in the 2025 financial year. During the 2026 financial year, thermal coal pricing rebounded in response to the current conflict in the Middle East. 1. gC NEWC 6000 week to date price as at 11 September 2026. 2. Average gC NEWC 6000 from January 2009 to June 2021, prior to global energy crisis. Post GFC impacts China/India demand growth Sustained period of environmental debate that questions the role of coal in the energy mix Prolonged oversupply in response to 2010-11 boom Supply tightness out of Indonesia/Australia Chinese Import Ban Indonesia Export Ban Covid induced supply shortages China’s NDRC jawbones market Russia invades Ukraine Domestic Oversupply in India/China Weak Chinese Demand End of Chinese Import Ban La Nina supply disruptions Conflict in the Middle East US$148/t1 2 US$83/t
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New Hope Group Financial performance 18FY26 Full Year Results FY26 $m FY25 $m Underlying EBITDA1 before non-regular items 514.3 765.8 Depreciation and amortisation (238.7) (191.0) Net interest income (19.7) (16.4) Profit before tax and non-regular items 255.8 558.4 Non-regular items before tax (2.3) 42.9 Profit before tax after non-regular items 253.6 601.3 Income tax expense (92.6) (161.9) Statutory profit after tax and non-regular items 161.0 439.4 Earnings per share (cents) 19.1 52.0 Ordinary dividends declared per share (cents) 40.0 34.0 1. Underlying earnings before interest, tax and depreciation and amortisation (EBITDA) is a non-IFRS measure. 2. Dividends paid during the period. FY26 includes $4.5 million, settled through the Dividend Reinvestment Plan. Underlying EBITDA1 ($m) 367 1,577 1,747 860 766 514 FY21 FY22 FY23 FY24 FY25 FY26 Net profit after tax ($m) 79 983 1,087 476 439 161 FY21 FY22 FY23 FY24 FY25 FY26 Dividends paid2 ($m) 33 308 839 397 347 211 FY21 FY22 FY23 FY24 FY25 FY26
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New Hope Group 258 1,087 1,346 290 289 371 FY21 FY22 FY23 FY24 FY25 FY26 1,048 2,552 2,754 1,802 1,776 1,767 FY21 FY22 FY23 FY24 FY25 FY26 367 1,577 1,747 860 766 514 FY21 FY22 FY23 FY24 FY25 FY26 296 1,139 1,525 562 571 564 FY21 FY22 FY23 FY24 FY25 FY26 Financial performance 19FY26 Full Year Results 1. New Hope Corporation Limited market capitalisation as at 31 July 2026. 2. Free cash flow calculated as net cash flows from operations less capital expenditure items (net Property, Plant & Equipment, Intangibles, and Exploration and Evaluation assets). 3. Underlying earnings before interest, tax and depreciation and amortisation (EBITDA) is a non-IFRS measure. Market capitalisation1 $4,379m Net assets $2,615m Debt to Equity ratio 0.11x Free cash flow per tonne2 $32/t Net cash inflows from operations ($m) Underlying EBITDA3 ($m) Free cash flow ($m)2 Revenue ($m) Strong balance sheet with solid free cash flow generation gC NEWC 6000 avg. price (US$/t)
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New Hope Group Bengalla Mine, NSW operations 20FY26 Full Year Results • Large scale, low-cost operation delivering strong margins • Successfully returned to the 13.4Mtpa ROM coal target (100% basis) in 2HFY26 following realignment of the pit sequence in 1HFY26 • Exploring continuation of operations via EL9431, EL9863 and AL19, providing long-term optionality. Operational highlights 50.9Mbcm Prime waste movement 10.8% increase 10.0Mt ROM coal production In line 8.2Mt Saleable coal production 4.1% increase Bengalla Mine FY26 results1 1. Reflects Bengalla Mine at an 80 per cent basis. 2. Long term average saleable coal production. Bengalla Mine saleable coal production (Mt)1 - 2 4 6 8 10 FY22 FY23 FY24 FY25 FY26 LT Actual Targeted 2 Mangoola West Muswellbrook (AL19) Dartbrook Mt Pleasant Bengalla EL9431 EL9863 Mt Arthur Maxwell Maxwell Maxwell EL9827 New Hope Group interest Other coal mines Maxwell West Maxwell EL9498
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New Hope Group New Acland Mine, Queensland operations 21FY26 Full Year Results Manning Vale West Pit FY26 FY27 FY28 Jondaryan Muldu Road MVW to ROM Haul Pad Box Cut Coal Mining 1. Long term average saleable coal production. 2. Free on rail. - 1 2 3 4 5 6 FY24 FY25 FY26 FY27 FY28 LT Actual Targeted New Acland Mine saleable coal production (Mt) 1 18.3Mbcm Prime waste movement 6.2% increase 6.9Mt ROM coal production 8.6% increase 3.3Mt Saleable coal production 17.3% increase New Acland Mine FY26 results • Low-strip ratio asset ramping up to ~5Mtpa of saleable coal • At steady state, New Acland Mine is expected to have a comparable FOR2 cash cost to Bengalla Mine • Group ownership of certain underground titles results in a low-exposure to the QLD state royalty regime • Group ownership of Queensland Bulk Handling (QBH) provides port cost savings. Operational highlights
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New Hope Group Malabar Resources Limited 22FY26 Full Year Results 1. Malabar Resources Limited Quarterly Activities Report for the period ended 30 June 2026. 2. Long term average coal sales. 3. Malabar Resources Limited Annual General Meeting Presentation, November 2025. 4. Excluding Royalties and Safeguard Mechanism Costs. Maxwell Mine produced coal sales (Mt) - 1 2 3 4 5 6 7 FY24 FY25 FY26 FY27 FY28 LT Actual Targeted 2 32,748m Development (metres driven) 46% increase 1.3Mt ROM coal production 129% increase 0.6Mt Sales of produced coal 94% increase Maxwell Mine FY26 results1 • Underground Bord and pillar (B&P) and longwall operation possessing high-quality coal • The longwall operation achieved first coal during the period • Targeting ~6Mtpa of coal sales over a ~20-year approval period • 300m longwall operating costs of $63/t (excluding royalties)3,4 • Increased equity holding from 22.98 per cent to 25.97 per cent. Maxwell Mine Project
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New Hope Group FY26 performance 23FY26 Full Year Results FY26 Actuals FY26 Guidance New Hope Group1 ROM Coal Production (‘000t) 16,925 15,700 – 17,700 Saleable Coal Production (‘000t) 11,518 10,200 – 11,500 Coal Sales (‘000t) 11,789 10,200 – 11,500 NSW Operations1 Bengalla Mine ROM Coal Production (‘000t) 10,031 9,400 – 10,200 Saleable Coal Production (‘000t) 8,186 7,400 – 8,100 Coal Sales (‘000t) 8,233 7,400 – 8,100 FOB Cash Costs (excl. royalties) (A$/sales t) 81.3 81 – 89 Sustaining Capital2 A$m 84.0 100 – 130 QLD Operations New Acland Mine ROM Coal Production (‘000t) 6,893 6,300 – 7,500 Saleable Coal Production (‘000t) 3,332 2,800 – 3,400 Coal Sales (‘000t) 3,556 2,800 – 3,400 1. Reflects Bengalla Mine at 80 per cent interest and excludes equity interest in Malabar Resources Limited (25.97 per cent). 2. Revised guidance as released in the Quarterly Activities Report dates 16 February 2026.
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Contact us Level 18/175 Eagle Street Brisbane City QLD 4000 (07) 3418 0500 newhopegroup.com.au