Slide 1: Warrior Met Coal Second Quarter 2017 Results
Warrior Met Coal Second Quarter 2017 Results PRELIMINARY | SUBJECT TO FURTHER REVIEW AND EVALUATION August 3, 2017 These materials may not be used or relied upon for any purpose other than as specifically contemplated by a written agreement with Credit Suisse AG or its Affiliates (hereafter “Credit
Slide 2: Forward looking statements
W ar r ior Met Coal Page 1 Forward looking statements These slides contain, and the Company’s officers and representatives may from time to time make, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Ac
Slide 3: Second Quarter 2017 Highlights
W ar r ior Met Coal Page 2 Second Quarter 2017 Highlights • Record coal sales and production in Q2’17 • Achieved total revenues of $363.4 million • Adjusted EBITDA* of $188.5 million • Adjusted net income* of $132.9 million, adjusted EPS* of $2.52 • Free cash flow* of $144.5 million *See “Non-GAAP F
Slide 4: Achieved record sales and production in Q2 2017
W ar r ior Met Coal Page 3 Achieved record sales and production in Q2 2017 Q2 2017 YTD 2017 Tons produced (in 000s Short tons Tons produced (in 000s St) 3,522 1,909 (“St”)) Tons sold (in 000s St) 3,069 Tons sold (in 000s St) 1,942 Average selling price (per St) $193.17 Average selling price (per St)
Slide 5: Strong Performance Across Key Metrics in Q2 2017
W ar r ior Met Coal Page 4 Strong Performance Across Key Metrics in Q2 2017 Production (St in 000s) Net Income (loss) ($ in millions) Revenue ($ in millions) Q2 2016 vs. Q2 2017 Q2 2016 vs. Q2 2017 Q2 2016 vs. Q2 2017 +109% +360% +298% $130 $363 1,909 912 $91 (50) Q2 2016 Q2 2017 Q2 2016 Q2 2017 Q2
Slide 6: Strong Performance Across Key Metrics in First Half of 2017
W ar r ior Met Coal Page 5 Strong Performance Across Key Metrics in First Half of 2017 Production (St in 000s) Net Income (loss) ($ in millions) Revenue ($ in millions) Q1 2017 vs. Q2 2017 vs. H1 2017 Q1 2017 vs. Q2 2017 vs. H1 2017 Q1 2017 vs. Q2 2017 vs. H1 2017 $238 +18% 3,522 +20% +43% $617 $130
Slide 7: Production Ramp Up Continues
W ar r ior Met Coal Page 6 Production Ramp Up Continues (thousand short tons) Q2’17 Achievements Production increases Q2 production 18% 109% higher than Q1 2,000 1,909 2017 1,800 1,614 Q2 production 1,600 517 109% higher than Q2 2016 1,400 454 1,200 Addition of 1 CM 1,038 sections 1,000 883 91
Slide 8: Generated Significant Cash Flow (Quarter-To-Date)
W ar r ior Met Coal Page 7 Generated Significant Cash Flow (Quarter-To-Date) ($ in millions) 350 300 Q2’17 free cash flow* Record Net Income generated of $144.5 million prior 250 to second quarter dividend 200 +$14.6 -$4.4 -$16.9 +$21.9 -$4.3 +$3.6 -$0.7 $159.8 -$2.7 $157.1 +$129.9 150 100 50 $16.1
Slide 9: Generated Significant Cash Flow (Year-To-Date)
W ar r ior Met Coal Page 8 Generated Significant Cash Flow (Year-To-Date) ($ in millions) 600 2017 free cash flow* A/R – Higher volumes generated of $198.7 million prior and price to dividends 500 +$37.9 -$26.7 +$238.2 -$32.9 400 +$17.8 -$7.4 -$28.3 -$1.5 $349.8 -$192.7 300 Inventories – Better than
Slide 10: Looking Forward: On Track to Building Stockholder Value
W ar r ior Met Coal Page 9 Looking Forward: On Track to Building Stockholder Value • Continued positive outlook for the full year 2017 • Generating strong cash flow • Coal sales of 5.9 – 6.3 million St • Coal production of 6.1 – 6.5 million St • Cash cost of sales (free-on-board port)* of $89 - $95
Slide 11: Appendix
W ar r ior Met Coal Page 10 Appendix The table below compares certain Successor Predecessor operating statistics for us on a “Successor” and “Predecessor” basis. Successor is Warrior Met For the three months ended For the three months ended Coal, Inc. (“Warrior”) and June 30, 2017 (Unaudited) June 3
Slide 12: Appendix
W ar r ior Met Coal Page 11 Appendix Successor Successor Predecessor The table below compares certain operating statistics for us on a “Successor” and For the six months For the three months For the three months “Predecessor” basis. Successor is Warrior ended June 30, 2017 ended June 30, 2016 ended