Nacco Industries, Inc. · NYSE:NC
Nacco Industries — Investor Presentation (August 2025)
26 slides from Nacco Industries's investor presentation, Aug 25, 2025
Slide 1: Compounding Long-Term Value in Natural Resources
1Investor Presentation August 2025 Compounding Long-Term Value in Natural Resources August 2025
Slide 2: Forward Looking Information Disclosures
2Investor Presentation August 2025 Forward Looking Information Disclosures This presentation includes forward-looking statements subject to important risks and uncertainties. It may also contain financial measures that are not in conformance with accounting principles generally accepted in the Unite
Slide 3: NACCO is Strategically Positioned to Deliver Growth Over Long-Term Investment Horizons
3Investor Presentation August 2025 NACCO is Strategically Positioned to Deliver Growth Over Long-Term Investment Horizons Expected Recurring EBITDA of $50M/Year From Current Businesses 1 We are a Diversified Natural Resource Platform with Multiple Value Creation Vectors 2 We are in Beginning Stages
Slide 4: Our Operational Experience Has Created Distinctive Capabilities
4Investor Presentation August 2025 Our Operational Experience Has Created Distinctive Capabilities The NACCO Legacy: 110+ Years of Value Creation 1961 Listed on the NYSE 1995 North American Mining (Contract Mining) began operations ✓ Multi-decade customer relationships (40+ years) ✓ Proven ability t
Slide 5: Capturing Dependable Returns Through Disciplined Investment Criteria
5Investor Presentation August 2025 Capturing Dependable Returns Through Disciplined Investment Criteria Additional Returns from Fee-Based Services, with No Investment Required ✓ Long-Term Relationships/Investments ✓ Predictable Income and Cash Flow ✓ Minimal Maintenance CapEx Requirements
Slide 6: Our Diversified Natural Resource Platforms Drive Investment Opportunities and Growth
6Investor Presentation August 2025 Our Diversified Natural Resource Platforms Drive Investment Opportunities and Growth Utility Coal Mining Stable Cash Generation Contract Mining Geographic & Mineral Expansion Minerals & Royalties Scalable Acquisition Platform Ecological Solutions Emerging Growth Op
Slide 7: Building on Historical Strength to Deliver Growth and Higher Returns
7Investor Presentation August 2025 Building on Historical Strength to Deliver Growth and Higher Returns More Long-term Projects and Customers Expanding Core Competencies Recurring Cash Flow Growth More Opportunities Targeting $150 Million of EBITDA Compounding Effect Investment Criteria • Long-term
Slide 8: Methodical Reinvestment Creating Exponential Value
8Investor Presentation August 2025 2030 2029 2028 2027 2026 • Expected recurring EBITDA of $50M from current businesses • Foundation from our Legacy Utility Coal Mining Segment and Legacy Mineral Assets Compounding Effect Methodical Reinvestment Creating Exponential Value Every year, we add new long
Slide 9: Power of Compounding: $150M EBITDA Target
9Investor Presentation August 2025 $57M $150M TTM 6/30/25 2030+ Power of Compounding: $150M EBITDA Target $150M 5 to 7 Years EBITDA Target Time Horizon Projects/investments entered into during 2024 expected to add over $11M of annual EBITDA beginning in 2026 EBITDA EBITDA is a non-GAAP measure. See
Slide 10: Strategic Growth Platforms Reaching Maturity: The Inflection Point
10Investor Presentation August 2025 Strategic Growth Platforms Reaching Maturity “The Inflection Point” Minerals & Royalties: Platform Gaining Momentum Ecological Solutions: Expected to Achieve Profitability Milestone in 2026 Contract Mining: Geographic and Mineral Expansion Accelerating Enhanced Ca
Slide 11: NACCO is Strategically Positioned to Deliver Growth over Long-Term Investment Horizons
11Investor Presentation August 2025 NACCO is Strategically Positioned to Deliver Growth over Long-Term Investment Horizons Strong, steady, dependable, and genuinely uncorrelated to the tech-heavy market — a true, U.S.-centric portfolio anchor for the long-term We are not speculative. We are not cycl
Slide 12: Thank You
12Investor Presentation August 2025 Thank You www.nacco.com
Slide 13: Appendix
13Investor Presentation August 2025 APPENDIX
Slide 14: Business Platform Overview
14Investor Presentation August 2025 BUSINESS PLATFORM OVERVIEW
Slide 15: Utility Coal Mining: Stable Cash Generation Platform
15Investor Presentation August 2025 Coteau* Falkirk Coyote MLMC** Years Active: 1983 - 2037 1978 - Ongoing 2016 - 2040 2002 - 2032 Utility Coal Mining Stable Cash Generation Platform • Long-term customer relationships (40+ years average) • Exclusive mine-mouth supplier to adjacent power plants or sy
Slide 16: Mississippi Lignite Mining Company (MLMC) Business Structure and Operations
16Investor Presentation August 2025 Mississippi Lignite Mining Company (MLMC) Business Structure and Operations Contracts • Exclusive lignite supplier to Red Hills Power Plant (RHPP) through April 2032 • Included in NACCO’s Utility Coal Mining segment Pricing & Cost Structure • Sales price adjustmen
Slide 17: Contract Mining: Proven Model with Expansion Opportunity
17Investor Presentation August 2025 Contract Mining Proven Model with Expansion Opportunity • Long-term contracts create exponential growth through compounding • Established relationships with several of the top 10 U.S. aggregates producers • Contract miner at Thacker Pass, world’s largest proven li
Slide 18: Minerals & Royalties: Scalable Investment Platform
18Investor Presentation August 2025 Minerals & Royalties Scalable Investment Platform • Long term assets with recurring cash flows • Scaled platform enabling a repeatable low-cost model • Upside: Asset base includes substantial, yet to be developed, oil & gas reserves • $20M annual investment target
Slide 19: Oil & Gas Portfolio Diversification
19Investor Presentation August 2025 Oil & Gas Portfolio Diversification Net Gross Acres 56,930 45,717 Wells 12.40 217 Operators 27 Oil/Gas/NGL 1/94/5 2019 56%31% 8% 1% 4% 2025 Assets by Acreage 64% 32% 4% 1 As of June 30, 2025 Net Gross Acres 64,325 208,938 Wells 23.3 2,377 Operators 70 Oil/Gas/NGL
Slide 20: Ecological Solutions: Leveraging Core Expertise for Growth
20Investor Presentation August 2025 Ecological Solutions Leveraging Core Expertise for Growth • Expanding project portfolio with diversified revenue streams from long-term mitigation and short-term restoration projects • Expertise-driven services meeting strong demand from government and commercial
Slide 21: Our Fundamental Stewardship Commitment
21Investor Presentation August 2025 Our Fundamental Stewardship Commitment Over 110 Years of Growth and Success are Founded on a Fundamental Commitment to Safety, People, Community and the Environment Safety is our #1 priority, and we operate in a culture of safety excellence. We are ranked as an in
Slide 22: Conservative Balance Sheet Enables Strategic Flexibility
22Investor Presentation August 2025 Conservative Balance Sheet Enables Strategic Flexibility • Robust, dependable cash generation across diverse business platforms • Balance Sheet strength and liquidity provide strategic flexibility • Consistent dividend payments since 1956 • 11% increase in 2025 •
Slide 23: Non-GAAP Disclosure
23Investor Presentation August 2025 Non-GAAP Disclosure This presentation contains non-GAAP financial measures. Included in this presentation are reconciliations of these non-GAAP financial measures to the most directly comparable financial measures calculated in accordance with U.S. generally accep
Slide 24: Non-GAAP Reconciliation: Consolidated EBITDA
24Investor Presentation August 2025 Non-GAAP Reconciliation Consolidated EBITDA ($ in thousands) TTM ended 6/30/25 TTM ended 6/30/24* Net Income (Loss) $31,359 $(37,257) Long-lived asset impairment charges* - 65,887 Income tax provision (2,393) (22,725) Interest expense 6,862 3,765 Interest income (
Slide 25: Non-GAAP Reconciliation: Segment Adjusted EBITDA
25Investor Presentation August 2025 Non-GAAP Reconciliation Segment Adjusted EBITDA ($ in thousands) Utility Coal Mining Contract Mining Minerals and Royalties Unallocated Items Eliminations Consolidated TTM ended 6/30/2025 Operating Profit (Loss) $26,974 $3,312 $26,518 $(25,602) $11 $31,213 Depreci
Slide 26: 26Investor
26Investor Presentation August 2025
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