Suncoke Energy, Inc. · NYSE:SXC
Suncoke Energy — Corporate Update (May 2014)
15 slides from Suncoke Energy's corporate update, May 12, 2014
Slide 1: Post-Dropdown Business Update Call
Exhibit 99.1 SunCoke Business Post-Dropdown May 12, 2014 Update Energy,Call Inc.
Slide 2: Forward-Looking Statements
Forward-Looking Some 1934, Partnership, Forward-looking operating by similar Although plans, SunCoke the forward-looking presentation reliance statement This are 2Post-Dropdown the provided Securities slide presentation as of intentions use expressions. on amended. the and performance management (or
Slide 3: Post-Dropdown Business Update Highlights
Transaction First Acquisition Tax SXC Business Received Coal Update Re-affirm Q2 Post-Dropdown Domestic and efficient Dropdown sale transition Guidance FYUpdate process permit FY 2014 multiple and structure Coke 2014 toBusiness Drives for EPS launched “pure consolidated production new oflower and Si
Slide 4: Dropdown of Middletown and Haverhill
Dropdown Middletown (33% Haverhill $365M 8.3x Total $80.0M $3.3M $271.3M Net Own Post-Transaction GP/IDR –~$5M 4Post-Dropdown SXC Public Expect cash EBITDA 20.6M Consideration interest) to GP ~54% total SXCP cash ownership ~$9M, of to ofinterest Transaction $3.4M get SXC SXCP consideration, flow own
Slide 5: Dropdown Strategic Objectives and Transaction Scorecard
Dropdown Strategic Acquisition EBITDA Tax Placed Transition Expect premium Targeting 5.3% Upsizing 5P ost-Dropdown efficient increase $250M toObjectives of plus revolver, 3% achieve to Transaction multiple 105.25 structure “pure increase additional offer follow- Business ~8% with play accretion for
Slide 6: Dropdown Value Impact
Dropdown 1Expected 2Direct 3V Value Additional Debt ~8% Potential EBITDA Transaction As At ~10.4x ~1.0x (3) ~1.1x(2) 8.3x (1) coverage 6Post-Dropdown alue 2target 15% 54% Based 3 accretion assumption/pay of Proceeds IDR owner, SXCP GP coverage Impact ratio Multiple Impact on Value units/GP structure
Slide 7: De-levering Balance Sheet
Balance De-levering Attributable Post- Consolidated ($ Cash Revolver FY Total Net Reflects For respectively. SXC transaction 7Post-Dropdown in2014 Consolidated Debt Debt/2014E millions) FY $Debt/2014E Liquidity Debt 178 Sheet Consolidated Adj. 2014 (Total Capacity (Long SXCP $at Attributable to159 t
Slide 8: Domestic Coke Production
Indiana April Expect Full Total (thousands 1,051 788 264 Q1 199 Domestic 8Post-Dropdown 2013A 801 255 run-rate Domestic avg. 1,056 Q2 Harbor 785-805 260-270 Coke production Q1 Domestic production of1045-1075 expected tons) 2014A Production Coke Production ex. Business 744 Indiana Coke Production Q2
Slide 9: 2014 Guidance
$0.08 Guidance April Metric Adjusted Consolidated Attributable EPS Attributable 2014 Domestic Coal (1) –EBITDA(1) Shareholders Capital Effective Cash as $0.33 FYto of Production Tax Flow Adj. Guidance $220 2014 SXC Post-Transaction $0.02 Expenditures Please Tax Rate Coke from 9Post-Dropdown toEBITDA
Slide 10: Diluted EPS Bridge
Diluted Lower ~$0.04 incremental ($0.21—$0.26) $0.08—$0.33 Primarily $0.02—$0.24 Debt Bond Previous EPS (1) Post-Dropdown 10 Attributable (1) impacted Guidance extinguishment: tender NCI EPS FY due due allocated offer Bridge 2014 to costs by Interest to Business financing premium: SXC Noncontrolling
Slide 11: Questions
Post-Dropdown Business Update—May 2014 QUESTIONS 11
Slide 12: Investor Relations
Investor Relations: 630-824-1907 www.suncoke.com
Slide 13: Appendix
Post-Dropdown Business Update—May 2014 APPENDIX 13
Slide 14: Definitions
Definitions nonconventional they attributable other investors Calculations EBITDA Adjusted Post-Dropdown 14 represent similarly represents EBITDA EBITDA/Ton because toofour sharing titled Adjusted Business fuel itequity represents is attributable highlights earnings measures atax of measure represen
Slide 15: Expected 2014E Adjusted EBITDA Reconciliation
Expected 2014E (in Net Depreciation, Interest Income Sales Adjustment EBITDA Adjusted (1) (2) Post-Dropdown 15 millions) Represents Income discounts(1)(1) 2014E expense, tax $217 attributable EBITDA 2014 expense to $24 Low depletion unconsolidated Adjusted SXC $234 EBITDA Business $44 net High $220