Past year: ▲ 5%(4.96 – 8.29 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
28 Oct 2019material agreement● Neutral
HV Operations (the Hunter Valley Operations joint venture company) signed a three-year diesel supply deal with Glencore's fuel arm from 1 November 2019 to 31 October 2022, capped at A$180m a year. Glencore is HVO's partner, so Hong Kong rules require disclosure; no shareholder vote needed.
4 Oct 2019other● Neutral
Hong Kong monthly return for September 2019: no change in issued shares, which stay at 1,320,439,437. Administrative filing.
20 Sept 2019half year report● Neutral
Hong Kong version of the 2019 interim report, repeating the half-year results: profit before tax A$492m and the A$137m (10.35 cents per share) interim dividend, which the report says is 24% of profit after tax. Duplicate of the ASX report.
5 Sept 2019other● Neutral
Hong Kong monthly return for August 2019: no change in issued shares, which stay at 1,320,439,437. Administrative filing.
21 Aug 2019investor presentation● Neutral
Interim results presentation dated 21 August 2019, billing Yancoal as Australia's largest pure-play coal producer. Only the disclaimer text is readable here, so no new figures are evident; it accompanies the half-year results already covered.
21 Aug 2019half year report● NeutralMajor
First-half 2019 profit before tax was A$492m (A$537m a year earlier), with revenue flat at A$2,350m. An interim dividend of A$136.7m (A$0.1035/share, unfranked) is payable 20 September, matching last year's interim. Watagan booked a A$100m impairment, equity-accounted.
21 Aug 2019half year report● Neutral
Media release for the half-year: operating EBITDA A$940m (A$980m a year earlier), attributable saleable coal 17.8Mt, gearing 32.5% (34.6% earlier). Further debt prepayments are expected in the rest of 2019; guidance unchanged. The CEO notes market conditions weighed on late-half realised prices.
9 Aug 2019other● Neutral
Board meeting set for 21 August 2019 to approve the half-year results to 30 June 2019 and consider an interim dividend, if any. Administrative notice.
5 Aug 2019other● Neutral
Hong Kong monthly return for July 2019: no change in issued shares, which stay at 1,320,439,437. Administrative filing.
30 July 2019annual report● Neutral
Hong Kong version of the 2018 ESG report, covering environment, safety and community for Yancoal's operated mines and Watagan-managed mines. It excludes the HVO and Middlemount joint ventures. Only the scope and contents pages are readable, so no new financial or operating figures.
29 July 2019annual report● Neutral
Hong Kong cover notice for the 2018 ESG report, which covers environment, safety and community. Only the introductory sections are readable here, with no new financial or operating figures.
4 July 2019other● Neutral
Hong Kong monthly return for June 2019: no change in issued shares, which stay at 1,320,439,437. Administrative filing.
28 June 2019remuneration report● Neutral
Issued 2,161,669 nil-price long-term incentive rights to the executive director and senior executives, vesting 31 December 2021 on earnings-per-share and cost targets. About 0.16% of shares; any share settlement uses existing shares, so no new dilution is stated.
6 June 2019other● Neutral
Hong Kong monthly return for May 2019: no change in issued shares, which stay at 1,320,439,437. Administrative filing.
31 May 2019security holder rights change● Neutral
Constitution approved by shareholders at the 31 May 2019 AGM. Its approval indicates the proposed dividend-floor change passed (inference from the footnote; the text provided does not show the vote or the dividend clause).
31 May 2019investor presentation● Neutral
CEO presentation to the 31 May 2019 AGM, billing Yancoal as Australia's largest pure-play coal producer. Only the disclaimer text is readable here, so no new figures are evident.
31 May 2019other● Neutral
AGM chairman's speech repeating known results: 2018 profit A$852m, A$507m dividends, US$1.4bn debt repaid. Targets a 50% payout this year and says further debt repayment is a priority. Guidance of about 35Mt is unchanged; the speech cites A$63.5/t cost against the A$62.5/t previously reported.
6 May 2019other● Neutral
Hong Kong monthly return for April 2019: no change in issued shares, which stay at 1,320,439,437. Administrative filing.
29 Apr 2019annual report▲ Good
2018 annual report repeating known results: record A$852m profit on A$4,850m revenue, A$507m dividends, US$1.4bn of debt repaid since Coal & Allied, and A$268m raised in the Hong Kong offering. No new figures evident in the text provided.
29 Apr 2019annual report● Neutral
Hong Kong version of the 2018 annual report with the same record A$852m profit and A$507m dividends. Duplicate of the ASX report already covered.
29 Apr 2019other● Neutral
Corporate governance checklist for 2018 pointing to pages 80-99 of the annual report. Administrative filing with no new substance.
26 Apr 2019security holder rights change▲ GoodMajor
Board proposes changing the constitution so the minimum dividend is the higher of 50% of profit or 50% of free cash flow, up from 40% of profit. Needs a special resolution at the 31 May 2019 AGM. The 25% floor in tougher conditions stays.
8 Apr 2019other● Neutral
Hong Kong monthly return for March 2019: no change in issued shares, which stay at 1,320,439,437. Administrative filing.
29 Mar 2019material agreement▲ Good
Four 2019 coal sales agreements signed with POSCO, which holds 20% of the Mount Thorley JV. Annual cap is US$780m, on about 3.3Mt of expected volume, versus US$428m of actual sales in 2018. Two expire 31 Dec 2019, two 31 Mar 2020.
28 Mar 2019resource reserve update● Neutral
Hong Kong version of the 2018 coal resources and reserves statement: attributable resources 6,442Mt, recoverable reserves 1,240Mt, marketable reserves 891Mt. Duplicate of the ASX release.
28 Mar 2019resource reserve update● NeutralMajor
Year-end 2018 coal statement: attributable resources 6,442Mt, recoverable reserves 1,240Mt and marketable reserves 891Mt, after depletion by production. Covers the enlarged asset base including Hunter Valley Operations and Mount Thorley Warkworth; no prior-year totals appear in the text provided.
6 Mar 2019other● Neutral
Hong Kong monthly return for February 2019: no change in issued shares, which stay at 1,320,439,437. Administrative filing.
4 Mar 2019remuneration report● Neutral
1,744,704 short-term and 1,483,811 long-term performance rights issued to the executive director and senior executives at nil price. They are about 0.13% and 0.11% of issued shares and vest 2020-21; any share settlement uses existing shares. Routine remuneration.
26 Feb 2019investor presentation▲ Good
Results presentation repeating the record A$852m profit, A$2,180m operating EBITDA and A$507m total 2018 dividends (~60% payout). It states a 2019 target payout of 50% of net profit after tax. Mostly known facts.
25 Feb 2019annual report▲ GoodMajor
Full-year accounts: 2018 profit after tax A$852m (2017: A$229m) on revenue A$4,850m. A final unfranked dividend of A$377m (28.6 cents a share) is recommended, payable 30 April 2019. Follows the A$130m interim dividend paid in September.
