Warrior Met Coal, Inc. · NYSE:HCC
Warrior Met Coal — Q1 2017 Earnings Presentation
9 slides from Warrior Met Coal's earnings presentation, May 18, 2017
Slide 1: Warrior Met Coal First Quarter 2017 Results
Warrior Met Coal First Quarter 2017 Results PRELIMINARY | SUBJECT TO FURTHER REVIEW AND EVALUATION May 18, 2017 These materials may not be used or relied upon for any purpose other than as specifically contemplated by a written agreement with Credit Suisse AG or its Affiliates (hereafter “Credit Sui
Slide 2: Forward looking statements
W ar r ior Met Coal Page 1 Forward looking statements These slides contain, and the Company’s officers and representatives may from time to time make, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Ac
Slide 3: First Quarter 2017 Highlights
W ar r ior Met Coal Page 2 First Quarter 2017 Highlights • Record coal sales and production in Q1’17 • Achieved total revenues of $254.0 million • Adjusted EBITDA* of $135.5 million • Adjusted net income* of $117.2 million, adjusted EPS* of $2.22 • Board approves capital allocation programs, includi
Slide 4: Achieved record sales and production in Q1 2017
W ar r ior Met Coal Page 3 Achieved record sales and production in Q1 2017 Q1 2017 Tons produced (in 000s Short tons 1,614 (“St”)) Tons sold (in 000s St) 1,127 Average selling price (per St) $213.89 Revenue $254.0 million Net income $108.3 million Cash cost of sales (per St)* $93.75 Adjusted EBITDA*
Slide 5: Strong Performance Across Key Metrics
W ar r ior Met Coal Page 4 Strong Performance Across Key Metrics Production (St in 000s) HCC Benchmark Price ($/St) Revenue ($ in millions) Q1 2016 vs. Q2 2017 Q1 2016 vs. Q1 2017 Q1 2016 vs. Q1 2017 +83% +252% +256% 1,614 $259 $254 883 $74 $71 Q1 2016 Q1 2017 Q1 2016 Q1 2017 Q1 2016 Q1 2017 Sales V
Slide 6: Production Ramp Up Continues
W ar r ior Met Coal Page 5 Production Ramp Up Continues (thousand short tons) Q1’17 Achievements 2,000 Production increases Q1 production 33% 1,800 83% ahead of 1,614 expectations 1,600 1,400 Q1 production 56% 454 ahead of Q4 2016 1,200 1,038 Addition of 2 CM 1,000 883 913 – 288 sections – 800
Slide 7: Generated Significant Cash Flow
W ar r ior Met Coal Page 6 Generated Significant Cash Flow A/R – Higher volumes ($ in millions) 300 and price +$108.3 -$30.3 Q1’17 free cash flow* generated of $54.2 million prior 250 to Pre-IPO Special Distribution -$28.6 +$6.1 -$11.4 +$10.2 -$0.8 $203.4 -$190.0 200 $150.0 150 Inventories – Better
Slide 8: Looking Forward: On Track to Building Stockholder Value
W ar r ior Met Coal Page 7 Looking Forward: On Track to Building Stockholder Value • Positive outlook for remainder of 2017 • Continue to ramp up production • Generating strong cash flow • Coal sales of 5.9 – 6.3 million St • Coal production of 6.1 – 6.5 million St • Cash cost of sales (free-on-boar
Slide 9: Appendix
W ar r ior Met Coal Page 8 Appendix The table below compares certain Successor Predecessor operating statistics for us on a “Successor” and “Predecessor” basis. Successor is Warrior Met For the three months ended For the three months ended Coal, Inc. (“Warrior”) and March 31, 2017 (Unaudited) March