Earnings release
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QUARTERLY REPORT 14 October 2021 WHITEHAVEN WHITEHAVEN COAL September 2021 Quarter Production Report Highlights . . . September quarter managed run - of - mine ( ROM ) production of 5.2Mt September quarter managed saleable coal production of 4.7Mt September quarter total managed coal sales 4.6Mt , managed own coal sales 4.2Mt , total equity coal sales 3.9Mt and equity sales of own coal 3.4Mt . Managed coal stocks of 3.2Mt as at 30 September • FY22 production and sales guidance remains unchanged • No known cases of COVID - 19 at any of our sites to date and operations remain largely unaffected but for distancing and hygiene measures Comments from MD and CEO Paul Flynn " During recent weeks , thermal coal prices reached record highs which we will see reflected in significant cash generation over the coming months . " We continue to pay down our senior debt facility ; we expect to fully repay the debt facility early in CY22 and be in a net cash position in the March 2022 quarter . " After a challenging period at Narrabri , we are readying for the longwall changeout ahead of a more productive second half . " " On 16 September , we received Federal approval for our Vickery Extension Project , the culmination of an exhaustive process of technical evaluation and stakeholder consultation spanning five years . While we maintain our cautious approach to capital allocation , this is a critical milestone in our development pipeline that offers us optionality . " Safety The safety outcome for the Group for the 12 months ending 30 September 2021 was a total recordable injury frequency rate ( TRIFR ) , on a 12 month rolling basis , of 5.9 . Narrabri achieved its first ever quarter with no recordable injuries . This is a significant achievement , especially considering the challenging mining environment recently experienced . During the period , our Tarrawonga operation achieved 1,000 lost time injury ( LTI ) free days . Whitehaven has implemented a COVID - 19 vaccination incentive program for employees and contractors to encourage vaccination of the workforce to keep our sites safe . Whitehaven Coal Limited ABN 68 124 425 396 Level 28 , 259 George Street , Sydney NSW 2000 | 02 8222 1100 | info@whitehavencoal.com.au | www.whitehavencoal.com.au