Peabody Energy Corporation · NYSE:BTU
Peabody Energy — BMO Webcast (January 2025)
11 slides from Peabody Energy's conference presentation, Jan 14, 2025
Slide 1: Tier 1 Met Coal Acquisition Update - BMO Webcast
B U I L D I N G B R I G H T E R F U T U R E S Tier 1 Met Coal Acquisition Update - BMO Webcast January 14, 2025
Slide 2: Disclosure Regarding Forward-Looking Statements
2 Disclosure Regarding Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the securities laws. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words or var
Slide 3: Transaction Summary
3 Transaction Summary • Four mines; 11.3 million tons of expected met coal production in 2026 • Vast majority of the output is premium hard coking coal Premium hard coking coal acquisition from Anglo American • $1.695 billion at closing and $625 million in time-deferred cash • Up to $1.0 billion con
Slide 4: Transaction Delivers Strategic and Financial Benefits
4 Transaction Delivers Strategic and Financial Benefits • Potential favorable re-rating of the company's valuation over time Transforms Peabody into leading met coal producer • Implied 3.1x EBITDA acquisition price positions acquisition for substantial value creation Attractive valuation & cash flow
Slide 5: Transformation of Peabody to Metallurgical Coal Reweighting
5 Transformation of Peabody to Metallurgical Coal Reweighting 50% 34% 16% X 74% 18% 8% Peabody Standalone1 Peabody Pro Forma 2026E EBITDA by Coal Type Seaborne Metallurgical Coal U.S. Thermal CoalSeaborne Thermal Coal 84% Seaborne Coal 92% Seaborne Coal 2026 EBITDA potentially 2x greater than Peabod
Slide 6: Snapshot of Acquired Assets
6 Snapshot of Acquired Assets Asset Moranbah North Grosvenor Aquila Capcoal2 Ownership/ Partners 88% Peabody 6.25% NSSMC 4.75% Mitsui 0.5% JFE 0.5% Kobe Steel 88% Peabody 6.25% NSSMC 4.75% Mitsui 0.5% JFE 0.5% Kobe Steel 70% Peabody 30% Mitsui 70% Peabody 30% Mitsui Product type PHCC PHCC PHCC PHCC,
Slide 7: Mine Output Progressing Toward 2026 Targets
7 Mine Output Progressing Toward 2026 Targets • Peabody forecasts 11.3 million tons of output from acquired assets in 2026, the first full year of ownership • Also targeting average costs1 (including royalties) of $130 - $140 per ton • Initiatives to return Moranbah to historic production levels pro
Slide 8: Process Underway Toward Permanent Financing
8 Process Underway Toward Permanent Financing Bridge Financing $2.075 billion bridge facility commitment led by Jefferies, KKR, and Deutsche Bank • Upfront cash consideration • Reclamation funding • Stamp duty and transaction costs Bridge facility to be replaced with permanent financing at targeted
Slide 9: Timeline – Next Steps
9 Timeline – Next Steps Regulatory Approvals Clearance of Pre-emption Rights Customary Closing Conditions Permanent Financing Targeted Close Q2 2025
Slide 10: Appendix
Appendix BUILDING BRIGHTER FUTURES 40
Slide 11: Note on Non-GAAP Financial Measures
11 Note on Non-GAAP Financial Measures 1) EBITDA refers to Adjusted EBITDA which is a non-GAAP financial measure defined as income from continuing operations before deducting net interest expense, income taxes, asset retirement obligation expenses and depreciation, depletion and amortization. Adjust