Suncoke Energy, Inc. · NYSE:SXC
Suncoke Energy — Q3 2025 Earnings Presentation
18 slides from Suncoke Energy's earnings presentation, Nov 4, 2025
Slide 1: SunCoke Energy, Inc. Q3 2025 Earnings Conference Call
SunCoke Energy, Inc. Q3 2025 Earnings Conference Call
Slide 2: Forward-Looking Statements
Forward-Looking Statements 2 2 This presentation should be reviewed in conjunction with the third quarter 2025 earnings release of SunCoke Energy, Inc. (SunCoke) and conference call held on November 4, 2025 at 11:00 a.m. ET. This presentation contains “forward-looking statements” (as defined in Sect
Slide 3: Q3 2025 Highlights
Q3 2025 Highlights 3 3 ✓ Delivered Q3 '25 Consolidated Adjusted EBITDA(1) of $59.1M ✓ Completed the acquisition of Phoenix Global on August 1st, 2025 ➢ Integration progressing well, expect to start recognizing synergies in 2026 ➢ Results of Phoenix Global reported under the new Industrial Services s
Slide 4: Q3 2025 Financial Performance
Q3 2025 Financial Performance 4 4 Q3 2025 Earnings Review • Q3 '25 EPS of $0.26, down $0.10 from the prior ($/share) ($ in millions) year quarter (1) Diluted EPS Adjusted EBITDA ▪ Primarily driven by mix of contract and spot coke -$0.10 sales coupled with lower economics on the Granite -$16.2M City
Slide 5: Domestic Coke Business Summary
Domestic Coke Business Summary 5 Domestic Coke performance impacted by lower volumes/pricing and lower Granite City contract economics Domestic Coke Performance • Delivered Adjusted EBITDA of $44.0M (Coke Production, Kt) in Q3 ‘25 vs $58.1M in Q3 ‘24 $58.1M $57.3M ▪ Change in mix of contract and spo
Slide 6: Industrial Services Business Summary
Industrial Services Business Summary 6 New Industrial Services segment includes former Logistics segment and Phoenix Global Industrial Services Performance • New Industrial Services segment will report total volumes handled for $18.2M logistics and customer volumes $13.7M $13.7M serviced for Phoenix
Slide 7: Q3 2025 Liquidity
Q3 2025 Liquidity 7 Ample liquidity of ~$206M post-acquisition; continued quarterly dividend payment of $0.12 per share (Consolidated) Q3 '25 Revolver Total Debt $699M Availability: Gross Leverage(1) 3.05x $126M Net Leverage(1) 2.70x ($ in millions) $24.3 - ($29.3M) impact from accounting treatment
Slide 8: 2025 Updated Guidance Summary
2025 Updated Guidance Summary 8 Expect 2025 Consolidated Adjusted EBITDA(1) of $220M - $225M; 2025 Free Cash Flow(2) impacted by deferral of cash receipts 2025 Original 2025 Revised Metric Guidance Guidance* Adjusted EBITDA Consolidated (1) $210M - $225M $220M - $225M Domestic Coke EBITDA $185M - $1
Slide 9: 2025 Key Initiatives
2025 Key Initiatives 9 9 Continued Safety and Environmental Excellence • Continue to deliver strong safety and environmental performance Deliver Operational Excellence and Optimize Asset Utilization • Successfully execute on operational and capital plan • Continue to provide reliable, high-quality p
Slide 10: Appendix
APPENDIX )
Slide 11: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEASURES 11 11 In order to assist readers in understanding the core operating results that our management uses to evaluate the business, we describe our non- GAAP measures referenced in this presentation below. In addition to U.S. GAAP measures, this presentation contains certain
Slide 12: Coke Facility Capacity and Contract Duration/Volume
Coke Facility Capacity and Contract Duration/Volume 12 12 Contract Contract Facility Capacity(1) Customer Expiry Volume Indiana Harbor 1,220 Kt Cliffs Steel Sep. 2035 Capacity Middletown 550 Kt (2) Cliffs Steel Dec. 2032 Capacity Haverhill II 550 Kt Cliffs Steel Jun. 2025(3) Capacity (4) Granite Cit
Slide 13: Balance Sheet & Debt Metrics
Balance Sheet & Debt Metrics 13 13 As of As of ($ in millions) 9/30/2025 12/31/2024 Cash $ 80 $ 190 Available Revolver Capacity $ 126 $ 350 Total Liquidity $ 206 $ 540 Gross Debt (Long and Short-term) $ 699 $ 500 Net Debt (Total Debt less Cash) $ 619 $ 310 LTM Adjusted EBITDA $ 229 $ 273 Gross Debt
Slide 14: 2025 Adjusted EBITDA Guidance Reconciliation
2025 Adjusted EBITDA Guidance Reconciliation 14 14 ($ in millions) Low High Net Income $48 $58 Depreciation and amortization expense 138 136 Interest expense, net 30 28 Income tax expense (11) (10) Restructuring Costs(1) 5 3 Transaction Costs(2) 10 10 Adjusted EBITDA (Consolidated) $220 $225 Free Ca
Slide 15: Net Income to FCF Reconciliation
Net Income to FCF Reconciliation 15 15 2025E ($ in millions) Low End High End Net Income $48 $58 Depreciation and amortization expense 138 136 Interest expense, net 30 28 Income tax expense (11) (10) Restructuring Costs(1) 5 3 Transaction Costs(2) 10 10 Adjusted EBITDA (Consolidated) $220 $225 Cash
Slide 16: Reconciliation to Adjusted EBITDA
Reconciliation to Adjusted EBITDA 16 16 2025 Q2 2025 Q3 ($ in millions) Q1 '24 Q2 '24 Q3 '24 Q4 '24 FY '24 Q1 '25 Q2 '25 Q3 '25 Net Income $ 21.1 $ 23.3 $ 33.3 $ 25.8 $ 103.5 $ 19.4 $ 3.5 $ 23.8 Depreciation and amortization expense 33.3 28.7 28.1 28.8 118.9 28.8 28.6 37.4 Interest expense, net 6.3
Slide 17: Adjusted EBITDA and Adjusted EBITDA per ton
Adjusted EBITDA and Adjusted EBITDA per ton 17 17 Reconciliation of Segment Adjusted EBITDA and Adjusted EBITDA per Ton Domestic Coke Industrial Services(1) Corporate ($ in millions, except Adjusted Sales Adjusted EBITDA Adjusted Logistics Handling Customer Volumes (2) Consolidated and Other per ton
Slide 18: SunCoke Energy
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