Suncoke Energy, Inc. · NYSE:SXC
Suncoke Energy — Merger or Acquisition (May 2025)
16 slides from Suncoke Energy's merger presentation, May 28, 2025
Slide 1: SunCoke Energy Announces the Acquisition of Phoenix Global
SunCoke Energy Announces the Acquisition of Phoenix Global Conference Call Investor Presentation May 28, 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements 2 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. SunCoke Energy, Inc. (“SunCoke”) intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking stat
Slide 3: Transaction Overview
Transaction Overview 3 SunCoke to acquire Phoenix Global for $325 million • SunCoke to acquire 100% of common units of Phoenix Global for $325 million on Purchase Price a cash free, debt free basis and Valuation • Implied purchase price of ~5.4x Phoenix LTM 3/31/25 Adjusted EBITDA(1) of $61 million
Slide 4: Transaction Benefits to SunCoke
Transaction Benefits to SunCoke 4 Phoenix acquisition provides significant strategic and financial benefits to SunCoke Market Diversification Expanded Offerings Strong Financials Growth Platform • Diversifying our • Expansion into • Long-term • Multiple paths for customer base to high-value, site- c
Slide 5: Overview of Phoenix's Service Offerings
Overview of Phoenix’s Service Offerings 5 Core mill services include slag handling, metal recovery, and scrap preparation / handling • Custom designed and built slag pot carriers/special front-end loaders transport molten slag that has been separated from Slag the steel to a cooling area for process
Slide 6: Long-Term Well-Structured Contracts
Long-Term Well-Structured Contracts 6 Contracts provide stable cash flows and attractive margins Excellent Contracts Earnings and Cash Flow Stability • Weighted average contract life of ~6 • Limited earnings volatility from changes years(1) in customer volumes • Meaningful portion of revenues are •
Slide 7: Leveraging SunCoke's Core Strengths
Leveraging SunCoke’s Core Strengths 7 SunCoke’s core strengths and capabilities will be leveraged to drive improvements in Phoenix’s business Strong Financial Safety Excellence Technical Expertise Operational Discipline Position Most technologically- Proven partner with a Solid balance sheet, Robust
Slide 8: Acquisition Enhances our Scale
Acquisition Enhances our Scale 8 Phoenix strengthens SunCoke’s earnings profile through growth and improved business mix Adjusted EBITDA(1) ($ in millions) $61(3) $279(4) $218(2) Coke 64% 20% $279 16% Logistics Pro Forma Enhances operational scale and broadens revenue streams by expanding into multi
Slide 9: Expands and Diversifies Global Footprint
Expands and Diversifies Global Footprint 9 Significantly expands global footprint and adds EAF operations to our customer base US Sites International Sites SunCoke Cokemaking Facility Brazil Phoenix Integrated Steel Customer Phoenix Integrated Steel Customer #1 Europe Phoenix Integrated Steel Custom
Slide 10: Enhances our Offerings to More Customers
Enhances our Offerings to More Customers 10 More comprehensive offerings to existing and new customers SunCoke Cokemaking Coke Raw Material Preparation SunCoke Logistics Production Phoenix Mill Services Material Handling Integrated Steel Making Customers and Transportation Slag Handling / Slag Aggre
Slide 11: Strong Pro Forma Debt Profile
Strong Pro Forma Debt Profile 11 Transaction to be funded with cash on hand and revolver borrowing, maintaining strong leverage and liquidity position Gross Debt / Adj. EBITDA(1) Net Debt / Adj. EBITDA(1) 2.62x(3) 2.27x(3) 2.30x(2) 1.41x(2) + + Today Today Pro Forma Debt Maturity Schedule Consolidat
Slide 12: Expanding our Platforms for Growth
Expanding our Platforms for Growth 12 Multiple expandable growth opportunities including new customers and new service offerings Contract Expansions GPI/Metallics Continuously engage Own and operate blast with customers to furnaces to produce win additional Growth Platforms Granulated Pig Iron busin
Slide 13: Appendix
APPENDIX )
Slide 14: Non-GAAP Financial Measures
14 NON-GAAP FINANCIAL MEASURES In order to assist readers in understanding the core operating results that our management uses to evaluate the business, we describe our non- GAAP measures referenced in this presentation below. In addition to U.S. GAAP measures, this presentation contains certain non
Slide 15: Adjusted EBITDA Reconciliations
Adjusted EBITDA Reconciliations 15 SunCoke 2025E Guidance mid-point Phoenix LTM 3/31/2025 Adj. EBITDA Reconciliation Adj. EBITDA Reconciliation LTM ($ in millions) 2025E ($ in millions) 3/31/25 Net Income ($43) Net Income $61 Depreciation and amortization expense 61 Depreciation and amortization exp
Slide 16: SunCoke Energy
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