Alpha Metallurgical Resources, Inc. · NYSE:AMR
Alpha Metallurgical Resources — Investor Presentation (November 2024)
16 slides from Alpha Metallurgical Resources's investor presentation, Nov 1, 2024
Slide 1: Investor Presentation
1A M R I N V E S T O R P R E S E N T A T I O N N O V E M B E R 2 0 2 4 | I NVESTOR P R ES ENTAT I ON
Slide 2: Forward Looking Statements
2A M R I N V E S T O R P R E S E N T A T I O N N O V E M B E R 2 0 2 4 | F O R WA R D LO O K I N G S TAT E M E N T S This document includes forward-looking statements. These forward-looking statements are based on Alpha's expectations and beliefs concerning future events and involve risks and uncert
Slide 3: Safely Producing a Critical Product for Building Modern Society
3A M R I N V E S T O R P R E S E N T A T I O N N O V E M B E R 2 0 2 4 | With customers in 25 countries and significant port capacity, Alpha Metallurgical Resources (NYSE: AMR) reliably supplies metallurgical products to the global steel industry. Alpha operates 21 mines and controls approximately 3
Slide 4: Global Steel Demand Growth Expected to Continue
4A M R I N V E S T O R P R E S E N T A T I O N N O V E M B E R 2 0 2 4 | India has accounted for ~37% of Alpha’s export sales over the past 5 years. Sources: World Steel Association & Wood Mackenzie Global Steel Demand In 0 0 0 s of m et ric to ns In 0 0 0 s of m et ric to ns G LO B A L S T E E L D
Slide 5: Steel and Coal Are Critical to Supplying the World with Energy
5A M R I N V E S T O R P R E S E N T A T I O N N O V E M B E R 2 0 2 4 | Sources: World Steel Association and ArcelorMittal S T E E L A N D C OA L A R E C R I T I C A L TO S U P P LY I N G T H E WO R L D W I T H E N E R GY Steel is used in all areas of renewable energy. Biomass: Steel is used extens
Slide 6: Alpha at a Glance – Select Numerical Highlights
6A M R I N V E S T O R P R E S E N T A T I O N N O V E M B E R 2 0 2 4 | 16.7 Million Tons of Coal Produced in 2023 $3.5 Billion Coal Revenues in 2023 303 Million Tons Met Reserves 509 Million Tons In Situ Met Resources 25 Countries Received Alpha Coal 65% DTA Ownership* 21 Mines 9 Prep Plants 4,110
Slide 7: Investment highlights: leadership, shareholder value, excellence and financial strength
7A M R I N V E S T O R P R E S E N T A T I O N N O V E M B E R 2 0 2 4 | LARGEST U.S. MET PRODUCER SHAREHOLDER VALUE EXCELLENCE & RELIABILITY LEADERSHIP VISION Accounts for 1/5 of total U.S. met coal production. A diverse portfolio of coal qualities and majority ownership of DTA export facility in N
Slide 8: Largest and Most Diversified Domestic Metallurgical Coal Supplier
8A M R I N V E S T O R P R E S E N T A T I O N N O V E M B E R 2 0 2 4 | Alpha Accounts for 20% of Total U.S. Metallurgical Coal Production(1) Well-Balanced Met Quality Mix (2) 36% HVA 26% HVB 23% MV 15% LV Diversified Shipment Mix (2) 20% 80% (1) Source: Energy Ventures Analysis Coal Production Rep
Slide 9: Diversified Mine Portfolio Provides Optionality and Longevity
9A M R I N V E S T O R P R E S E N T A T I O N N O V E M B E R 2 0 2 4 | D I V E R S I F I E D M I N E P O R T F O L I O P R OV I D E S O P T I O N A L I T Y A N D LO N G E V I T Y (1) For more details on expected recoverability rates for In Situ Coal Resources, see the Properties section of Alpha’s
Slide 10: Creating Shareholder Value
1 0A M R I N V E S T O R P R E S E N T A T I O N N O V E M B E R 2 0 2 4 | *Does not include potential dilutive effect of unvested equity awards (81,302), net of share settling for exercise/vesting costs. (1) Net of (144,427), (81,287), and (4,290) shares repurchased from employees to satisfy the em
Slide 11: Disciplined Capital Expenditures with Ability to Adjust to Market Needs
1 1A M R I N V E S T O R P R E S E N T A T I O N N O V E M B E R 2 0 2 4 | $100 $260 $80 $0 $60 $20 $200 $120 $160 $40 $140 $180 $220 $240 $280 192.4 In m ill io ns 245.4 2019A 2020A 2021A 2022A 2023A 2024E* 154.0 Carryover $21 Million – 2024E* $10 Million – 2025E* Maintenance Capex $171 Million – 2
Slide 12: Safety Drives Our Culture and Continuous Improvement
1 2A M R I N V E S T O R P R E S E N T A T I O N N O V E M B E R 2 0 2 4 | 3.09 3.04 2.95 2.37 2.21 2.01 2022 2023 2024 YTD(1) Coal Industry Average Total Reportable Incident Rate (TRIR) 2.20 2.23 2.18 1.05 1.30 0.99 2022 2023 2024 YTD(1) Non-Fatal Days Lost (NFDL) S A F E T Y D R I V E S O U R C U
Slide 13: Conclusion
1 3A M R I N V E S T O R P R E S E N T A T I O N N O V E M B E R 2 0 2 4 | CO N C LU S I O N
Slide 14: Appendix
1 4A M R I N V E S T O R P R E S E N T A T I O N N O V E M B E R 2 0 2 4 |Appendix
Slide 15: Projected Future Cash Outflows
1 5A M R I N V E S T O R P R E S E N T A T I O N N O V E M B E R 2 0 2 4 | P R OJ E C T E D F U T U R E C AS H O U T F LOWS Note: Obligations presented are as of September 30, 2024, unless otherwise noted, and represent long-term liabilities related to asset retirement obligations and pension obliga
Slide 16: Committed and priced coal shipments and notes
1 6A M R I N V E S T O R P R E S E N T A T I O N N O V E M B E R 2 0 2 4 | (1) Based on committed and priced coal shipments as of October 23, 2024. Committed percentage based on the midpoint of shipment guidance range. (2) Actual average per-ton realizations on committed and priced tons recognized i
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