Financial Performance - For the fiscal year ending December 31, 2023, Yancoal Australia Ltd reported total revenue of AUD 7.778 billion, a decrease of 26% compared to AUD 10.548 billion in 2022[12]. - The company's profit before tax (excluding non-recurring items) was AUD 2.583 billion, down 52% from AUD 5.406 billion in the previous year[12]. - Shareholders' net profit after tax (excluding non-recurring items) was AUD 1.819 billion, reflecting a 52% decline from AUD 3.807 billion in 2022[12]. - Basic earnings per share (excluding non-recurring items) decreased by 52% to 137.8 cents from 288.3 cents in the prior year[12]. - The total dividend distribution for the fiscal year 2023 is AUD 1.413 billion, compared to AUD 1.626 billion in 2022[14]. - The company reported a significant increase in revenue, achieving a total of Xbillionforthefiscalyear,representingaYI million in R&D for new technologies, aiming to improve product offerings and customer satisfaction[7]. - The company is considering strategic acquisitions to bolster its market position, with a budget of $500 million allocated for potential deals[62]. - The company is progressing with the renewable energy center project in Stratford, which aims to provide economic and social benefits to the local area[83]. - The company plans to implement a decarbonization strategy that includes emission reduction activities[83]. Shareholder Information - Shandong Energy Group directly and indirectly holds approximately 54.69% of Yancoal Energy's shares, while Yancoal Energy holds about 62.26% of the company's shares as of December 31, 2023[72]. - The company’s public float is approximately 25.7% of its issued ordinary shares as of December 31, 2023[30]. - The company has maintained a minimum public float of approximately 15.37% in compliance with Hong Kong Listing Rules[30]. Executive Compensation - The total remuneration for executives in 2023 is AUD 8,778,229, with a breakdown showing 60% related to performance[146]. - The short-term incentive plan for executives was rewarded at 103.5% of the target, emphasizing the importance of financial and non-financial priorities[84]. - The long-term incentive plan includes performance-based equity that vests after three years, with 60% based on earnings per share and 40% based on cost targets[91]. - The short-term incentive plan allows executives to earn up to 200% of their fixed annual salary based on performance metrics[101].
