TerraCom Reports Strong Quarterly Performance Amid Market Challenges
TerraCom Reports Strong Quarterly Performance Amid Market Challenges
TerraCom Limited (ASX:TER), a leading global coal mining company, has released its quarterly activities report for the three months ended 30 June 2023, showcasing robust production and financial performance despite facing market headwinds.
全球領先的煤炭開採公司TerraCom Limited (ASX: TER) 發佈了截至2023年6月30日的三個月的季度活動報告，儘管面臨市場不利因素，但仍顯示出強勁的產量和財務表現。
Production Highlights
製作亮點
During the June Quarter, TerraCom achieved notable production milestones:
在6月的季度中，TerraCom實現了顯著的生產里程碑：
- Total coal sales reached 1.8 million tonnes, with 1.1 million tonnes attributed to Total Equity coal sales.
- The Blair Athol (BA) operation showcased a remarkable recovery from the significant regional rain events experienced in the previous quarter, delivering total coal sales of 466,000 tonnes. This marked a substantial 23% improvement quarter on quarter.
- For the 12 months ending 30 June 2023 (FY2023), BA recorded total coal sales of 1.8 million tonnes, aligning with the company's guidance.
- TerraCom achieved a total coal sales figure of 8 million tonnes and equity coal sales of 4.8 million tonnes for FY2023.
- In the first 20 days of July 2023, BA continued its impressive performance with coal sales amounting to 154,000 tonnes.
- 煤炭總銷量達到180萬噸，其中110萬噸歸因於Total Equity煤炭銷售。
- Blair Athol（BA）的業務從上一季度經歷的重大區域降雨事件中顯著復甦，煤炭總銷量爲46.6萬噸。這標誌着季度同比大幅改善了23％。
- 在截至2023年6月30日的12個月中（FY2023），廣管局記錄的煤炭總銷量爲180萬噸，與該公司的預期一致。
- TerraCom 實現了 FY2023 的煤炭總銷售量爲 800 萬噸，股票煤炭銷售量爲 480 萬噸。
- 在2023年7月的前20天裏，廣管局繼續保持其令人印象深刻的業績，煤炭銷量達到15.4萬噸。
Financial Highlights
財務要聞
The company also reported commendable financial results for the June Quarter and FY2023:
該公司還公佈了值得稱讚的6月季度和 FY2023 財務業績：
- BA achieved an average coal price of $198 per sold tonne during the June Quarter and $361 per tonne for FY2023.
- Operating EBITDA for the June Quarter amounted to $55 million.
- BA's operating EBITDA reached $44 million, resulting in an operating cash margin of $94.1 per sold tonne.
- The South African operations achieved an operating EBITDA of $11 million, with an operating cash margin of $8.4 per sold tonne.
- Overall, TerraCom achieved an impressive operating EBITDA of $473 million for FY2023, of which $408 million was attributable to the company.
- As of 30 June 2023, the company's cash at bank stood at $51 million (excluding Restricted Cash of $67 million).
- In June 2023, TerraCom distributed a dividend payment of 3 cents per share fully franked for the period ended 31 March 2023, amounting to a total payment of $24 million.
- The company's dividend return for the 9-month period ended 31 March 2023, including dividends paid for the quarters ended 30 September 2022 and 31 December 2022, reached 20.5 cents fully franked, representing approximately 73% of NPAT.
- 廣管局在6月季度實現了每售出噸198美元的平均煤炭價格，FY2023 的平均煤炭價格爲每噸361美元。
- 6月季度的營業息稅折舊攤銷前利潤爲5,500萬美元。
- 廣管局的營業息稅折舊攤銷前利潤達到4,400萬美元，每售出噸的營業現金利潤率爲94.1美元。
- 南非業務實現了1100萬美元的營業息稅折舊攤銷前利潤，每售出噸的營業現金利潤率爲8.4美元。
- 總體而言，TerraCom 的 FY2023 實現了 4.73 億美元的營業息稅折舊攤銷前利潤，令人印象深刻，其中 4.08 億美元歸屬於該公司。
- 截至2023年6月30日，該公司的銀行現金爲5100萬美元（不包括6700萬美元的限制性現金）。
- 2023年6月，TerraCom在截至2023年3月31日的期間派發了每股3美分的股息，總共支付了2400萬美元。
- 截至2023年3月31日的9個月期間，該公司的股息回報率，包括截至2022年9月30日和2022年12月31日的季度支付的股息，全額達到20.5美分，約佔NPAT的73％。
Operational Overview and Future Outlook
運營概述和未來展望
Danny McCarthy, the Managing Director of TerraCom Limited, provided insights into the company's performance and future prospects:
TerraCom Limited董事經理丹尼·麥卡錫對公司的業績和未來前景提供了見解：
"Relative to the March Quarter, production in the June Quarter was stronger, demonstrating the operational recovery following significant regional rainfall impacting the business. Despite the continued softening of thermal coal prices, the combined operating EBITDA result for both the Australian and South African operations was $55 million.
“與3月季度相比，6月季度的產量更強勁，這表明在區域降雨影響業務之後，運營出現了復甦。儘管動力煤價格持續疲軟，但澳大利亞和南非業務的合併營業息稅折舊攤銷前利潤爲5500萬美元。
The Blair Athol operation performed well following the multiple rain events during the previous quarter and the ongoing delays within the logistics network in Queensland negatively impacted scheduling. As a result, coal sales achieved were 466,000 tonnes, and while the result was a 23% improvement from the March Quarter, it was less than originally planned.
在上一季度發生了多起降雨事件之後，布萊爾·阿索爾的運營表現良好，昆士蘭州物流網絡的持續延誤對日程安排產生了負面影響。結果，實現的煤炭銷售量爲46.6萬噸，儘管與3月季度相比增長了23％，但低於最初的計劃。
Our South African operations encountered a number of challenges during the June Quarter, resulting in lower delivered domestic and export sales than planned. The additional mining area at New Clydesdale Colliery (NCC) is coming along well, and we look forward to improved production, and resultant sales, from NCC over the coming months.
在6月的季度中，我們在南非的業務遇到了許多挑戰，導致交付的國內和出口銷售額低於計劃。New Clydesdale Colliery（NCC）的額外採礦區進展順利，我們期待NCC在未來幾個月內提高產量，從而提高銷售額。
Following the recent dividend payment to shareholders of $24 million in June 2023, the Company has returned $244 million to shareholders in FY2023. In line with the Company's dividend policy, the next dividend is expected to be declared in August 2023 and paid in September 2023."
繼最近於 2023 年 6 月向股東支付了 2,400 萬美元的股息之後，該公司已向 FY2023 的股東返還了 2.44 億美元。根據公司的股息政策，下一次股息預計將於2023年8月宣佈，並於2023年9月支付。”
Despite facing market challenges and global economic uncertainties, TerraCom Limited has demonstrated resilience and efficiency in its operations. The company's commitment to delivering value to its shareholders through dividend payments further reinforces its position as a stable and reliable player in the coal mining industry. With a positive outlook for the coming months, TerraCom remains poised for continued success in the ever-evolving energy landscape.
儘管面臨市場挑戰和全球經濟的不確定性，但TerraCom Limited在其運營中表現出了韌性和效率。該公司承諾通過支付股息爲股東創造價值，這進一步鞏固了其作爲煤炭開採行業穩定可靠參與者的地位。未來幾個月的前景樂觀，TerraCom仍有望在不斷變化的能源格局中繼續取得成功。
譯文內容由第三人軟體翻譯。