Corsa Coal Corp. · OTC:CRSXQ
Corsa Coal — Investor Presentation (November 2024)
16 slides from Corsa Coal's investor presentation, November 2024
Slide 1: Corsa Coal Corp. Investor Presentation
Corsa Coal Corp. Investor Presentation November 2024
Slide 2: Forward Looking Information and Statements
Forward Looking Information and Statements TSX-V: CSO | OTCQX: CRSXF Certain information set forth in this presentation contains “forward-looking statements” and “forward-looking information” (collectively, “forward looking statements”) under applicable securities laws. Except for statements of hist
Slide 3: Additional Information
Additional Information TSX-V: CSO | OTCQX: CRSXF Non-GAAP Financial Measures Management uses realized price per ton sold, cash production cost per ton sold, cash cost per ton sold, cash cost purchased coal per ton sold, cash margin per ton sold, EBITDA and adjusted EBITDA as internal measurements of
Slide 4: Corsa Coal Overview
Corsa Coal Overview TSX-V: CSO | OTCQX: CRSXF Pure play metallurgical coal producer serving domestic and international customers from a strategically advantaged location Pennsylvania Active Operations: 3 deep mines, 3 surface mines, located in PA and MD Corsa Operations Customers: Integrated s
Slide 5: NAPP Division Overview
NAPP Division Overview TSX-V: CSO | OTCQX: CRSXF NAPP Division Operating Locations Producer-Purchaser Model • Corsa reported 2024 Q3 YTD sales of 0.728 million tons Purchased Surface Casselman Horning Acosta Company Mine Purchased (Produced) Infrastructure • Over 3 million clean tons per year of pro
Slide 6: Revenue Stream: Company Produced Tons
Revenue Stream: Company Produced Tons TSX-V: CSO | OTCQX: CRSXF Casselman Acosta Horning Surface Mines 2024 Q3 YTD: 364,000 tons 2024 Q3 YTD: 151,000 tons 2024 Q3 YTD: 82,000 tons 2024 Q3 YTD: 152,000 tons 2023: 398,000 tons 2023: 284,000 tons 2023: 129,000 tons 2023: 177,000 tons 2022: 298,000 tons
Slide 7: Revenue Stream: Purchased Tons
Revenue Stream: Purchased Tons TSX-V: CSO | OTCQX: CRSXF Purchased Coal Strategic Advantages Historical Purchased Coal Volumes in tons Local, third-party tons purchased on a raw basis and trucked to Corsa’s preparation plants. Increased volume through the preparation plants absorbs fixed costs a
Slide 8: Financial Highlights
Financial Highlights TSX-V: CSO | OTCQX: CRSXF Total Year Total Year Total Year Q1 Q2 Q3 Q4 Total Year Q1 Q2 Q3 Q3 YTD 2020 2021 2022 2023 2023 2023 2023 2023 2024 2024 2024 2024 Revenues ($ million) $128.5 $131.5 $165.9 $47.9 $55.3 $51.1 $42.8 $197.1 $36.0 $36.8 $43.3 $116.1 Adjusted EBITDA(1) ($ m
Slide 9: Balance Sheet Summary
Balance Sheet Summary TSX-V: CSO | OTCQX: CRSXF $mm as of: 12/31/2020 12/31/2021 12/31/2022 12/31/2023 9/30/2024 Balance Sheet Summary Total Assets $210.1 $215.5 $192.6 $191.3 $173.8 Total Liabilities $122.4 $126.2 $131.0 $105.8 $114.9 Total Equity $87.7 $89.3 $61.6 $85.5 $58.9 Select Balance Sheet
Slide 10: Investment Highlights
Investment Highlights TSX-V: CSO | OTCQX: CRSXF Provider of Premium Quality Low Volatile Metallurgical Coal With 1 High Scarcity Value Supportive Long-Term Outlook for Both Domestic and International 2 Met Coal Markets 3 Advantageous Transportation Logistics Provides Access to Blue-Chip Customer
Slide 11: Advantageous Transportation Logistics Provides Access to Blue-Chip Customers
Advantageous Transportation Logistics Provides Access to Blue-Chip Customers TSX-V: CSO | OTCQX: CRSXF Key Differentiators Transportation Advantage Proximity to the largest metallurgical coal buying region in the US Strategic Location Access to key infrastructure and logistics that allows for ac
Slide 12: Project Pipeline (Permitted)
Project Pipeline (Permitted) TSX-V: CSO | OTCQX: CRSXF Keyser Deep Mine (Growth Opportunity) Shaffer Surface Mine Located in Jenner Township, PA; 16 miles north of Located in Somerset Township, PA; 4 miles east of Somerset, PA Somerset PA. Expected to employ approximately 100 people once Rep
Slide 13: Appendix
Appendix TSX-V: CSO | OTCQX: CRSXF 12
Slide 14: Technical Report
Technical Report TSX-V: CSO | OTCQX: CRSXF The mineral reserve and resource estimates relating to Corsa’s properties, which are effective as of December 31, 2023, have been prepared by Marshall Miller & Associates, Inc. (“MM&A”) under the supervision of Justin S. Douthat, P.E., M.B.A., John W. Eckma
Slide 15: Coal Reserves
Coal Reserves TSX-V: CSO | OTCQX: CRSXF 43-101 PROPERTIES AS OF 12/31/2023 MNT (Moist, Recoverable Basis) PROVEN PROBABLE TOTAL PERMITTED NOT PERMITTED Surface-mineable 1,811 - 1,811 1,296 515 Auger-minable 18 - 18 18 - Highwall-mineable 203 - 203 203 - Underground-mineable 27,467 8,385 35,852 16,71
Slide 16: Coal Qualities
Coal Qualities TSX-V: CSO | OTCQX: CRSXF 43-101 Properties as of 12/31/2023 Weighted Composite (Moist Basis) RESERVE AREA SEAM RECOVERY ASH SULFUR BTU VM SURFACE-MINEABLE Rhoads Upper Kittanning 92.8% 7.3% 0.5% 12,400 18.5% Rhoads Middle Kittanning 64.3% 10.2% 1.1% 12,700 15.6% Rhoads Lower Kittanni