Past year: ▲ 5%(4.96 – 8.29 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
22 Dec 2021material agreement● Neutral
Two Yancoal subsidiaries (WML and MTO) signed five-year master lease agreements with Zhongyin, a subsidiary of controlling shareholder Yankuang Energy, to lease up to 15 ultra-class trucks (12 and 3). Related-party deal, exempt from shareholder approval.
21 Dec 2021material agreement● Neutral
Yancoal and Peabody, as lenders to the Middlemount joint venture (Yancoal 49.9997%), cut the revolving loan limit from A$160m to A$50m and extended maturity two years to 31 December 2023, interest staying at 10%. Continues the earlier Middlemount loan arrangements.
17 Dec 2021director officer appointment▲ GoodMajor
CEO David Moult's contract, which began 9 March 2020 for an initial two years, is changed to an agreement with no fixed term; other material terms are unchanged. This secures his tenure beyond March 2022.
3 Dec 2021other● Neutral
Hong Kong monthly return for November 2021: no change in issued shares, which remain 1,320,439,437. Administrative filing.
4 Nov 2021other● Neutral
Hong Kong monthly return for October 2021: no change in issued shares, which remain 1,320,439,437. Administrative filing.
29 Oct 2021debt financing▲ GoodMajor
Yancoal prepaid US$500m of debt from cash on 29 October 2021, covering its syndicated facility and unsecured related-party loans, cutting total finance cost by about US$82m over the loan terms. Further early repayments are being considered.
19 Oct 2021quarterly activities report● NeutralMajor
September quarter 2021: realised price jumped to a record A$155/t (up 53%) and attributable saleable coal was 9.9Mt. But 2021 output guidance is cut to about 37.5Mt (from 39Mt) and cash costs raised to A$66-68/t, reversing the earlier 'retained' guidance.
7 Oct 2021other● Neutral
Hong Kong monthly return for September 2021: no change in issued shares, which remain 1,320,439,437. Administrative filing.
20 Sept 2021half year report● Neutral
Interim report for the half-year to 30 June 2021, repeating the figures already released on 19 August: revenue A$1,775m, net loss A$129m, no dividend. Re-release of known results.
3 Sept 2021other● Neutral
Hong Kong monthly return for August 2021: no change in issued shares, which remain 1,320,439,437. Administrative filing.
19 Aug 2021half year report▼ BadMajor
Half-year accounts to 30 June 2021: revenue A$1,775m (down 10%) and net loss after tax A$129m, against a A$605m profit a year earlier (which included non-recurring items). No dividend is recommended.
19 Aug 2021investor presentation● Neutral
Presentation of the first-half 2021 result released alongside the announcement; the visible text is the cover and disclaimer only, with no new figures shown.
19 Aug 2021half year report▼ Bad
First-half 2021 result: operating EBITDA A$406m (down 17%), net loss A$129m, cash A$539m, no interim dividend. Realised price A$94/t was up 32% on 2H 2020, but cash costs rose to A$66/t. About 4Mt more output is needed in 2H to reach 39Mt.
9 Aug 2021other● Neutral
Notice that the board will meet on 19 August 2021 to approve the half-year results to 30 June 2021. Administrative notice.
5 Aug 2021other● Neutral
Hong Kong monthly return notice for July 2021. The visible text is a cover page only; no share-count figures are shown. Administrative filing.
19 July 2021quarterly activities report● Neutral
June quarter 2021: attributable saleable coal 8.8Mt (up 2%); realised price A$101/t (up 15% from A$88/t). Production guidance of about 39Mt is kept, but cash operating cost guidance is raised by A$2/t to A$62-64/t, as the earlier signal of top-of-range costs is now formalised.
19 July 2021annual report● Neutral
2020 ESG report covering the year to 31 December 2020. The visible text is community, safety and environment stories (Lake Kepwari rehabilitation, Regent Honeyeater offsets, COVID-19 response); no new financial figures shown.
6 July 2021other● Neutral
Hong Kong monthly return for June 2021: no change in issued shares, which remain 1,320,439,437. Administrative filing.
3 June 2021other● Neutral
Hong Kong monthly return for May 2021: no change in issued shares, which remain 1,320,439,437. Administrative filing.
28 May 2021security holder rights change● Neutral
Following AGM approval, 90,180 deferred share rights issued to Co-Vice Chair Ning Zhang (about 0.01% of shares), vesting in equal halves on 1 March 2022 and 2023. 2,870,651 performance rights (about 0.22%) issued to senior executives, tested on performance to 31 December 2023.
28 May 2021agm notice● Neutral
2021 AGM address and slides released. Co-Vice Chair Greg Fletcher chaired; CEO David Moult reviewed 2020, noting guidance was met (38.3Mt, A$59/t) and that attention can return to returns, growth and debt reduction as the price cycle turns. Largely repeats known facts.
6 May 2021other● Neutral
Hong Kong monthly return for April 2021: no change in issued shares, which remain 1,320,439,437. Administrative filing.
27 Apr 2021admin correction● Neutral
Appendix 4G corporate governance checklist for FY2020, lodged with the annual report; the governance statement is at pages 145-166 and was approved as at 26 February 2021. Administrative filing with no new business information.
27 Apr 2021agm notice● Neutral
Record time for voting at the 28 May 2021 AGM is 7.00pm Sydney time on 24 May 2021, earlier than Australian shareholders are used to because of the dual ASX and Hong Kong listing. Administrative notice.
27 Apr 2021annual report● Neutral
Full 2020 annual report, lodged after the February results. The visible text is community and safety stories (about 4,300 FTE roles, 39.3Mt equity-basis saleable coal); no new financial figures are shown in the readable portion.
20 Apr 2021quarterly activities report● Neutral
March quarter 2021: attributable saleable coal 8.7Mt (down 5% on December quarter); average realised price A$88/t (A$72/t prior quarter). Rain and flooding hit NSW output, but 2021 guidance of about 39Mt is kept, with unit costs expected at the top of the A$60-62/t range.
8 Apr 2021other● Neutral
Hong Kong monthly return for March 2021: no change in issued shares, which remain 1,320,439,437. Administrative filing.
31 Mar 2021agm notice● Neutral
AGM set for 28 May 2021, subject to COVID-19 deferral. Director nominations close 9 April 2021. Administrative notice.
29 Mar 2021security holder rights change● Neutral
1,817,150 deferred share rights issued to senior executives under the revised short-term incentive plan, about 0.14% of issued capital. They vest on 1 March 2022 and 2023, and any shares used would be existing ones.
26 Mar 2021security holder rights change● Neutral
Board found 40% of 2018 LTIP rights (153,254) vested and 60% lapsed. Vested 2018 LTIP and 2018/2019 STIP rights will be paid in cash, not shares, to keep the public float compliant. 648,793 2019 STIP rights remain, vesting 1 March 2022.
