Corsa Coal Corp. · OTC:CRSXQ
Corsa Coal — Investor Presentation (May 2022)
18 slides from Corsa Coal's investor presentation, May 2022
Slide 1: Corsa Coal Corp. Investor Presentation
Corsa Coal Corp. Investor Presentation May 2022
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 (no thermal coal) serving domestic and international customers from a strategically advantaged location Pennsylvania 2016-2021: 70% growth in metallurgical coal sales Corsa Operations Active Operations: 3 deep
Slide 5: NAPP Division Overview
NAPP Division Overview TSX-V: CSO | OTCQX: CRSXF NAPP Division Operating Locations Producer-Purchaser Model • Corsa reported 2022 1Q YTD sales of 0.230 million tons Pittsburgh 70 miles Purchased NW of Somerset Casselman Surface Horning Acosta Baltimore 180 miles Company Mine Purchased SE of Somerset
Slide 6: Revenue Stream: Company Produced Tons
Revenue Stream: Company Produced Tons TSX-V: CSO | OTCQX: CRSXF Casselman Acosta Horning Surface Mines 2022 1Q YTD: 67,000 tons 2022 1Q YTD: 86,000 tons 2022 1Q YTD: 34,000 tons 2022 1Q YTD: 18,000 tons 2021: 375,000 tons 2021: 356,000 tons 2021: 190,000 tons 2021: 123,000 tons 2020: 524,000 tons 20
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 Q1 Q2 Q3 Q4 Total Year Q1 2019 2020 2021 2021 2021 2021 2021 2022 Revenues ($ million) $232.1 $128.5 $24.6 $30.4 $36.4 $40.1 $131.5 $38.8 Adjusted EBITDA(1) ($ million) $28.9 $4.4 $0.1 $2.7 $4.1 $2.0 $9.0 $3.0 Capital Expenditures
Slide 9: Balance Sheet Summary
Balance Sheet Summary TSX-V: CSO | OTCQX: CRSXF $mm as of: 12/31/2019 12/31/2020 12/31/2021 3/31/2022 Balance Sheet Summary Total Assets $269.3 $210.1 $215.5 $205.0 Total Liabilities $118.2 $122.4 $126.2 $119.7 Total Equity $151.1 $87.7 $89.3 $85.3 Select Balance Sheet Items Cash $4.3 $24.8 $12.7 $1
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: North Deep Mine (Casselman Deep Mine Replacement)
North Deep Mine (Casselman Deep Mine Replacement) TSX-V: CSO | OTCQX: CRSXF Project Overview Mine Location Located near Grantsville, Maryland Expected to employ approximately 100 people once fully staffed Permitted 4.6 million tons of proven and probable reserves, currently Corsa is contin
Slide 13: Keyser Deep Mine (Growth Opportunity)
Keyser Deep Mine (Growth Opportunity) TSX-V: CSO | OTCQX: CRSXF Project Overview Mine Location Located in Jenner Township, PA; 16 miles north of Somerset, PA Expected to employ approximately 100 people once fully staffed Preliminary permit approval has been received $20 - $24 million of star
Slide 14: A Seam (Growth Opportunity)
A Seam (Growth Opportunity) TSX-V: CSO | OTCQX: CRSXF Project Overview Mine Location Located in Berlin PA; 5 miles southeast of Somerset, PA Expected to employ approximately 100 people once fully staffed Fully permitted $28 million of start-up costs 6.4 million tons of proven reserves Tr
Slide 15: Appendix
Appendix TSX-V: CSO | OTCQX: CRSXF 14
Slide 16: 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, 2021, 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 17: Coal Reserves
Coal Reserves TSX-V: CSO | OTCQX: CRSXF 43-101 Properties as of 12/31/2021 MNT (Moist, Recoverable Basis) Proven Probable Total Permitted Not Permitted Surface-mineable 1,411 - 1,411 567 844 Auger-mineable 44 - 44 44 - Highwall-mineable 229 - 229 229 - Underground-mineable 28,551 8,953 37,504 18,021
Slide 18: Coal Qualities
Coal Qualities TSX-V: CSO | OTCQX: CRSXF 43-101 Properties as of 12/31/2021 Weighted Composite (Moist Basis) Wash Volatile Reserve Area Seam Recovery (%) Ash (%) Sulfur (%) Btu/lb. Matter (%) Surface-Mineable Rhoads Upper Kittanning 94.44% 7.95% 0.53% 12,430 18.74% Rhoads Middle Kittanning 74.80% 13