Yancoal Australia Ltd

Good day and thank you for standing by. Welcome to Yearn Call Australia fourth quarter report. At this time, all participants are in listen early mode. After the speaker's presentation, there will be a question and answer session. To ask a question during a session, you'll need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Brendan Fitzpatrick, Investor Relations Manager. Please go ahead.

Thank you, Maggie, and thank you to everyone on the call for joining this briefing on Yancol's fourth quarter production report for 2024. The company recently announced a CEO transition. Today we have several members of Yancol's executive leadership team to recap the quarter and participate in the question and answer session. On the call we have Kevin Su, our Chief Financial Officer. David Bennett, our EGM Operations. James Collins, GM Marketing. Laura Zhang, Company Secretary. Mark Wells, EGM Finance. Mark Jacobs, EGM Environment and External Affairs. And Sharif Farah, EGM Health, Safety and Sustainability. Regarding the CEO transition, as noted in the recent announcement, Mr. Yue has taken on the role of acting CEO. Having been chair of the executive committee and co-vice chairman of our board since 2023, Mr. Yue's leadership has directly contributed to the company's performance. Given his more than 20 years of experience in coal mining operations and management, he is an ideal person to lead the company at this time. We look forward to Mr. Yeo's present participation in future equity market engagement. This is the second time we have addressed the market since Yancol's inclusion into the S&P ASX 200 index last September. We welcome any new participants on the call. And of course, we welcome those of you who have joined us on prior calls. The commentary provided today is based on the quarterly production report published to the Australian Securities Exchange and the Stock Exchange of Hong Kong yesterday, the 20th of January. There is no presentation pack for the conference call. The Yancol website holds past presentations for any participants who require additional information on the company. The fourth quarter capped a great year for Yancol. I'll hand over to our CFO, Kevin Hsu, to review the highlights.

Thanks, Brandon. I also welcome everyone joining us on today's conference call. As mentioned, it was a strong fourth quarter, which resulted in our full-year ROMCO production increasing 4% to nearly 63 million tons, and our annual attributable production and sales increasing by 10% and 14%, respectively. We hit the middle of our production guidance range with 36.9 million tons of attributable saleable co-production. When we report the 2024 financial results in February, we expect our cash operating costs to be around the midpoint of the $89 to $97 per ton guidance range. The combination of high production and the low costs added another $480 million to our cash position during the quarter. And we finished the year with a cash balance of almost $2.5 billion. Yanko operates some of the best coal mines in Australia. These drive our business. And as a result, we currently have financial capacity to pursue corporate initiatives and make distributions to shareholders. We will be in a position to comment further on dividends after the board meets in February to approve the 2024 financial results. I'll now hand over to David Bennett, our Executive General Manager Operations to expand on the operational performance rate.