Warrior Met Coal, Inc. · NYSE:HCC
Warrior Met Coal — Q3 2021 Earnings Presentation
14 slides from Warrior Met Coal's earnings presentation, Nov 2, 2021
Slide 1: Third Quarter 2021 Results
Third Quarter 2021 Results November 2, 2021
Slide 2: Forward looking statements
Wa rri o r Met C o a l Page 1 Forward looking statements These slides contain, and the officers and representatives of Warrior Met Coal, Inc. (the “Company”) may from time to time make, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Sectio
Slide 3: Third Quarter 2021 Achievements
Wa rri o r Met C o a l Page 2 Third Quarter 2021 Achievements 1 Achieved sales volume of 1.1 million short tons (“St”) and cash cost of sales (free-on-board port)* per St of $86 2 Achieved production volume of 1.1 million St from Mine No. 7, while Mine No. 4 was idle 3 Delivered free cash flow*
Slide 4: Key Metrics for Q3 2021 vs. Q3 2020
Wa rri o r Met C o a l Page 3 Key Metrics for Q3 2021 vs. Q3 2020 Q3 2021 Q3 2020 % Change Tons produced (in 000s St) 1,129 Tons produced (in 000s St) 1,887 (40%) Tons sold (in 000s St) 1,059 Tons sold (in 000s St) 1,933 (45%) Gross price realization (1) 81% Gross price realization (1) 90% (9%) Aver
Slide 5: Key Metrics for Nine Months Ended September 30, 2021 vs. 2020
Wa rri o r Met C o a l Page 4 Key Metrics for Nine Months Ended September 30, 2021 vs. 2020 For the nine months ended September 30, 2021 For the nine months ended September 30, 2020 % Change Tons produced (in 000s St) 4,496 Tons produced (in 000s St) 6,102 (26%) Tons sold (in 000s St) 4,834 Tons sol
Slide 6: Leverage and Liquidity Analysis
Wa rri o r Met C o a l Page 5 Leverage and Liquidity Analysis Financial Metrics ($MM except ratios) Leverage (for the trailing twelve months ended September 30, 2021) Adjusted EBITDA* $226.0 Consolidated Net Debt* (1) $129.3 (2) Net Leverage Ratio 0.6x Liquidity (as of September 30, 2021) Cash and C
Slide 7: Generated Significant Free Cash Flow on Strong Conversion of Adjusted EBITDA Margins
Wa rri o r Met C o a l Page 6 Generated Significant Free Cash Flow* on Strong Conversion of Adjusted EBITDA* Margins(1) Adjusted EBITDA* Margin (1) FCF Conversion*(2) 8% 13% 50% 82% 50% 58% 60.0% COVID-19 Pandemic Impacted 51.8% 50.0% UMWA Strike 40.0% 30.0% 28.7% 26.4% 22.1% 20.0% 9.3% 10.0% 4.3% 0
Slide 8: Appendix
Wa rri o r Met C o a l Page 7 Appendix
Slide 9: Appendix
Wa rri o r Met C o a l Page 8 Appendix For the three months ended For the three months ended September 30, 2021 (Unaudited) September 30, 2020 (Unaudited) Short Tons Metric Tons Short Tons Metric Tons Tons sold (in 000s) 1,059 961 1,933 1,753 Tons produced (in 000s) 1,129 1,024 1,887 1,712 Gross pri
Slide 10: Appendix
Wa rri o r Met C o a l Page 9 Appendix For the nine months ended For the nine months ended September 30, 2021 (Unaudited) September 30, 2020 (Unaudited) Short Tons Metric Tons Short Tons Metric Tons Tons sold (in 000s) 4,834 4,385 5,219 4,734 Tons produced (in 000s) 4,496 4,079 6,102 5,536 Gross pri
Slide 11: Non-GAAP Financial Measures: Adjusted EBITDA Reconciliation
Wa rri o r Met C o a l Page 10 Appendix Non-GAAP Financial Measures Reconciliation of Adjusted EBITDA to Amounts Reported Under U.S. GAAP For the three months ended For the nine months ened September 30, (Unaudited) September 30, (Unaudited) (in thousands) 2021 2020 2021 2020 Net income (loss) $ 38,
Slide 12: Non-GAAP Financial Measures: Free Cash Flow Reconciliation
W ar r ior Met Coal Page 11 Appendix Non-GAAP Financial Measures Reconciliation of Free Cash Flow to Amounts Reported Under U.S. GAAP For the three months ended For the nine months ened September 30, (Unaudited) September 30, (Unaudited) (in thousands) 2021 2020 2021 2020 Net cash provided by operat
Slide 13: Non-GAAP Financial Measures: Adjusted Net Income Reconciliation
W ar r ior Met Coal Page 12 Appendix Non-GAAP Financial Measures Reconciliation of Adjusted Net Income (Loss) to Amounts Reported Under U.S. GAAP For the three months ended For the nine months ened September 30, (Unaudited) September 30, (Unaudited) (in thousands) 2021 2020 2021 2020 Net income (los
Slide 14: Non-GAAP Financial Measures: Cash Cost of Sales Reconciliation
W ar r ior Met Coal Page 13 Appendix Non-GAAP Financial Measures Reconciliation of Cash Cost of Sales (Free-On-Board Port) to Cost of Sales Reported Under U.S. GAAP For the three months ended For the nine months ened September 30, (Unaudited) September 30, (Unaudited) (in thousands) 2021 2020 2021 2