Whitehaven Coal Management

Management criteria checks 3/4

Whitehaven Coal's CEO is Paul Flynn, appointed in Mar 2013, has a tenure of 11.08 years. total yearly compensation is A$5.92M, comprised of 31.4% salary and 68.6% bonuses, including company stock and options. directly owns 0.13% of the company’s shares, worth €5.10M. The average tenure of the management team and the board of directors is 7.3 years and 3.8 years respectively.

Key information

Paul Flynn

Chief executive officer

AU$5.9m

Total compensation

CEO salary percentage	31.4%
CEO tenure	11.1yrs
CEO ownership	0.1%
Management average tenure	7.3yrs
Board average tenure	3.8yrs

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
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
Mar 31 2018	n/a	n/a	AU$515m
Dec 31 2017	n/a	n/a	AU$505m
Sep 30 2017	n/a	n/a	AU$456m
Jun 30 2017	AU$3m	AU$1m	AU$406m

Compensation vs Market: Paul's total compensation ($USD3.87M) is above average for companies of similar size in the German market ($USD2.56M).

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

CEO

Paul Flynn

11.1yrs

Tenure

AU$5,918,971

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	11.1yrs	AU$5.92m	0.13% A$ 5.1m
Kevin Ball	Chief Financial Officer	10.5yrs	AU$2.15m	0.014% A$ 563.7k
Ian Humphris	Executive General Manager of Operations	4yrs	AU$2.09m	no data
Timothy Burt	General Counsel & Company Secretary	14.8yrs	AU$1.02m	no data
Jason Nunn	Executive General Manager of Marketing & Logistics	3.3yrs	no data	no data
Daniel Cram	Executive General Manager of People & Culture	2.8yrs	no data	no data

7.3yrs

Average Tenure

Experienced Management: WC2's management team is seasoned and experienced (7.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Paul Flynn	MD, CEO & Director	11.9yrs	AU$5.92m	0.13% A$ 5.1m
Fiona Robertson	Independent Non-Executive Director	6.2yrs	AU$265.72k	0.0090% A$ 354.1k
Michael McCormack	Independent Non-Executive Director	less than a year	no data	0.0036% A$ 141.1k
Anthony Mason	Independent Non-Executive Director	less than a year	no data	0.0022% A$ 84.5k
Mark Anthony Vaile	Independent Non-Executive Chairman of the Board	11.9yrs	AU$475.29k	0.16% A$ 6.2m
George Raymond Zage	Non-Executive Director	10.7yrs	AU$193.65k	1.32% A$ 52.0m
Wallis Graham	Independent Non-Executive Director	1.2yrs	AU$95.50k	0.0020% A$ 79.8k
Nicole Brook	Independent Non-Executive Director	1.4yrs	AU$145.66k	0.0019% A$ 73.1k

3.8yrs

Average Tenure

64.5yo

Average Age

Experienced Board: WC2's board of directors are considered experienced (3.8 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 €54k worth of stock

Non-Executive Director recently bought €648k 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 €134k worth of stock

Recent updates

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

New major risk - Revenue and earnings growth

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

New major risk - Earnings quality

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

Now 20% undervalued

Investor sentiment improves as stock rises 15%

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.

New minor risk - Share price stability

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

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

New minor risk - Share price stability

Independent Non-Executive Director recently bought €54k worth of stock

Non-Executive Director recently bought €648k 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 21% undervalued after recent price drop

Now 21% undervalued

Independent Non-Executive Director recently sold €134k worth of stock

Now 21% undervalued

MD, CEO & Director recently sold €5.1m worth of stock

Non-Executive Director recently bought €800k worth of stock

Insufficient new directors

Investor sentiment deteriorated over the past week

Whitehaven Coal Limited Revises Production Guidance for the Year 2023

Whitehaven Coal Limited Announces Board Changes

Now 21% undervalued

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

Investor sentiment improved over the past week

Key Executive recently bought €1.5m 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 23% undervalued

Insufficient new directors

Now 22% undervalued

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

Insider recently sold €21m worth of stock

Non-Executive Director recently bought €339k worth of stock

Insider recently sold €14m 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 €707k worth of stock

MD, CEO & Director recently sold €1.1m worth of stock

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

Revenue misses expectations

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

Investor sentiment improved over the past week

New 90-day high: €1.09

Whitehaven Coal Ltd Resources and Reserves

Market bids up stock over the past week

New 90-day high: €0.96

Insider recently sold €9.2m worth of stock

New 90-day high: €0.77

New 90-day low - €0.52

MD, CEO & Director recently bought €62k worth of stock

Full year earnings released

New 90-day low - €0.74