Whitehaven Coal Management

Management criteria checks 3/4

Whitehaven Coal's CEO is Paul Flynn, appointed in Mar 2013, has a tenure of 11.67 years. total yearly compensation is A$6.88M, comprised of 28.1% salary and 71.9% bonuses, including company stock and options. directly owns 0.13% of the company’s shares, worth A$7.45M. The average tenure of the management team and the board of directors is 7.8 years and 4.4 years respectively.

Key information

Paul Flynn

Chief executive officer

AU$6.9m

Total compensation

CEO salary percentage	28.1%
CEO tenure	11.7yrs
CEO ownership	0.1%
Management average tenure	7.8yrs
Board average tenure	4.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Paul Flynn's remuneration changed compared to Whitehaven Coal's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	AU$7m	AU$2m	AU$355m
Mar 31 2024	n/a	n/a	AU$749m
Dec 31 2023	n/a	n/a	AU$1b
Sep 30 2023	n/a	n/a	AU$2b
Jun 30 2023	AU$6m	AU$2m	AU$3b
Mar 31 2023	n/a	n/a	AU$3b
Dec 31 2022	n/a	n/a	AU$3b
Sep 30 2022	n/a	n/a	AU$3b
Jun 30 2022	AU$6m	AU$2m	AU$2b
Mar 31 2022	n/a	n/a	AU$922m
Dec 31 2021	n/a	n/a	-AU$109m
Sep 30 2021	n/a	n/a	-AU$326m
Jun 30 2021	AU$3m	AU$2m	-AU$544m
Mar 31 2021	n/a	n/a	-AU$318m
Dec 31 2020	n/a	n/a	-AU$92m
Sep 30 2020	n/a	n/a	-AU$31m
Jun 30 2020	AU$3m	AU$2m	AU$30m
Mar 31 2020	n/a	n/a	AU$140m
Dec 31 2019	n/a	n/a	AU$249m
Sep 30 2019	n/a	n/a	AU$389m
Jun 30 2019	AU$3m	AU$1m	AU$528m
Mar 31 2019	n/a	n/a	AU$551m
Dec 31 2018	n/a	n/a	AU$574m
Sep 30 2018	n/a	n/a	AU$549m
Jun 30 2018	AU$5m	AU$1m	AU$525m

Compensation vs Market: Paul's total compensation ($USD4.47M) is above average for companies of similar size in the Australian market ($USD2.20M).

Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.

CEO

Paul Flynn

11.7yrs

Tenure

AU$6,880,138

Compensation

Mr. Paul J. Flynn, BComm, FCA, has been the Chief Executive Officer and Managing Director of Whitehaven Coal Limited since March 25, 2013 and was its Non-Executive Director. Mr. Flynn served as the Chief E...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Paul Flynn	MD, CEO & Director	11.7yrs	AU$6.88m	0.13% A$ 7.5m
Kevin Ball	Chief Financial Officer	10.9yrs	AU$2.47m	0.014% A$ 824.2k
Ian Humphris	Chief Operating Officer	4.6yrs	AU$2.46m	no data
Timothy Burt	General Counsel & Company Secretary	15.3yrs	AU$1.02m	no data
Jason Nunn	Executive General Manager of Marketing & Logistics	3.9yrs	no data	no data
Daniel Cram	Executive General Manager of People & Culture	3.3yrs	no data	no data

7.8yrs

Average Tenure

Experienced Management: WHC's management team is seasoned and experienced (7.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Paul Flynn	MD, CEO & Director	12.5yrs	AU$6.88m	0.13% A$ 7.5m
Fiona Robertson	Independent Non-Executive Director	6.8yrs	AU$266.40k	0.0090% A$ 517.8k
Michael McCormack	Independent Non-Executive Director	less than a year	AU$82.81k	0.0048% A$ 274.7k
Anthony Mason	Independent Non-Executive Director	1.3yrs	AU$200.74k	0.0036% A$ 206.3k
Mark Anthony Vaile	Independent Non-Executive Chairman of the Board	12.5yrs	AU$477.40k	0.16% A$ 9.1m
George Raymond Zage	Non-Executive Director	11.3yrs	AU$203.50k	1.32% A$ 76.0m
Wallis Graham	Independent Non-Executive Director	1.8yrs	AU$266.40k	0.0024% A$ 140.8k
Nicole Brook	Independent Non-Executive Director	2yrs	AU$237.14k	0.0022% A$ 126.4k

4.4yrs

Average Tenure

65.5yo

Average Age

Experienced Board: WHC's board of directors are considered experienced (4.4 years average tenure).

Whitehaven Coal Management

Management criteria checks 3/4

Key information

Recent management updates

Whitehaven Coal Limited, Annual General Meeting, Oct 24, 2024

Independent Non-Executive Director recently bought AU$86k worth of stock

Non-Executive Director recently bought AU$1.0m worth of stock

Whitehaven Coal Limited Appoints Wallis Graham as Independent Non-Executive Director

Whitehaven Coal Limited, Annual General Meeting, Oct 26, 2023

Independent Non-Executive Director recently sold AU$212k worth of stock

Recent updates

Whitehaven Coal Limited Reaffirms Group Production Guidance for the Fiscal Year 2025

Investor sentiment improves as stock rises 16%

Investor sentiment deteriorates as stock falls 15%

Final dividend reduced to AU$0.13

Whitehaven Coal Limited Announces Fully Franked Ordinary Dividend for the Six Months Ended June 30, 2024, Payable on September 17, 2024

JFE Steel Corporation agreed to acquire 10% stake in Blackwater Coal Mine In Australia from Whitehaven Coal Limited (ASX:WHC) for $360 million.

Full year 2024 earnings released: EPS: AU$0.44 (vs AU$3.08 in FY 2023)

Nippon Steel Australia Pty Limited agreed to acquire 20% stake in Blackwater Coal Mine In Australia from Whitehaven Coal Limited (ASX:WHC) for $720 million.

Glencore Reportedly Eyes Anglo Coal Assets

Investor sentiment improves as stock rises 17%

Anglo American Reportedly Sets Up for AUD 7.5 Billion Coal Exit

New major risk - Revenue and earnings growth

New major risk - Revenue and earnings growth

Whitehaven Coal Limited (ASX:WHC) completed the acquisition of Metallurgical Coal Assets in Australia from Mitsubishi Development Pty Ltd and BHP Group Limited (ASX : BHP).

Deal Close on Whitehaven's Blackwater Mine Sell Down

First half dividend of AU$0.07 announced

First half 2024 earnings released: EPS: AU$0.32 (vs AU$1.99 in 1H 2023)

Whitehaven Coal Limited, Annual General Meeting, Oct 24, 2024

Whitehaven Coal Limited (ASX:WHC) agreed to acquire Metallurgical Coal Assets in Australia from Mitsubishi Development Pty Ltd and BHP Group Limited (ASX : BHP) for $4.1 billion.

Whitehaven Coal Limited to Report First Half, 2024 Results on Feb 15, 2024

Now 21% undervalued

Whitehaven Coal Receives a Shareholder Proposal from Market Forces

Whitehaven Reportedly Leads the Way in Auction for BHP Coal Mines

Whitehaven Coal Limited Provides Production Guidance for the Year 2024

Full year 2023 earnings released: EPS: AU$3.08 (vs AU$1.98 in FY 2022)

Daunia Mine Reportedly Bid Possible Without Whitehaven Equity Raising

Independent Non-Executive Director recently bought AU$86k worth of stock

Non-Executive Director recently bought AU$1.0m worth of stock

Whitehaven Coal Limited Appoints Wallis Graham as Independent Non-Executive Director

Whitehaven Coal Limited Announces Dividend for the Period of Six Months Ended 31 December 2022, Payable on 10 March 2023

First half 2023 earnings released: EPS: AU$1.99 (vs AU$0.34 in 1H 2022)

Whitehaven Coal Limited, Annual General Meeting, Oct 26, 2023

Now 24% undervalued after recent price drop

Now 20% undervalued after recent price drop

Independent Non-Executive Director recently sold AU$212k worth of stock

Non-Executive Director recently bought AU$1.2m worth of stock

Insufficient new directors

Investor sentiment deteriorated over the past week

Now 20% undervalued

Whitehaven Coal Limited Revises Production Guidance for the Year 2023

Whitehaven Coal Limited Announces Board Changes

Whitehaven Coal Limited to Report First Half, 2023 Results on Feb 16, 2023

Investor sentiment improved over the past week

Key Executive recently bought AU$2.1m worth of stock

Full year 2022 earnings released: EPS: AU$1.98 (vs AU$0.55 loss in FY 2021)

John Conde AO Not to Stand for Re-Election as Deputy Chairman and Non-Executive Director of Whitehaven Coal Limited

Now 24% undervalued

Now 20% undervalued

Insufficient new directors

First half 2022 earnings: EPS in line with analyst expectations despite revenue beat

Whitehaven Coal Limited Announces Unfranked Distribution for the Six Months Period Ended December 31, 2021, Payable on March 11, 2022

Now 20% undervalued

Insider recently sold AU$34m worth of stock

Non-Executive Director recently bought AU$549k worth of stock

Insider recently sold AU$23m worth of stock

Full year 2021 earnings released: AU$0.55 loss per share (vs AU$0.03 profit in FY 2020)

Whitehaven Coal Limited Provides Production and Sales Guidance for the Fiscal Year 2022

Whitehaven Coal Limited Updates Production Guidance for Fiscal 2021

Whitehaven Coal Limited Announces Federal Court Judgment - Vickery Extension Project

Non-Executive Director recently bought AU$1.1m worth of stock

MD, CEO & Director recently sold AU$1.8m worth of stock

Revenue misses expectations

First half 2021 earnings released: AU$0.095 loss per share (vs AU$0.028 profit in 1H 2020)

Whitehaven Coal Limited Declares No Dividend for the Six Months Ended 31 December 2020

Whitehaven Coal Limited to Report Fiscal Year 2021 Results on Aug 26, 2021

CEO Compensation Analysis

CEO

Tenure

Compensation