Suncoke Energy, Inc. · NYSE:SXC

Suncoke Energy — Q3 2015 Earnings Presentation

23 slides from Suncoke Energy's earnings presentation, Oct 13, 2015

  1. Slide 1: SunCoke Energy Q3 2015 Earnings Call

    Exhibit 99.2 SunCoke Q3 Conference October 201512, Earnings Energy, Call 2015 Inc.

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Some 1934, Partners, available. potential identified “believe,” Although plans, Commission For entirety because result This Reconciliations the 1SXCreconciliations more slide presentation and Q3 of as intentions by such new amended. the 2015 operating L.P. SXCP, information managemen

  3. Slide 3: Q3 2015 Perspective

    Management Completed Executed Initiated Flattened Revised Cokemaking (1) SXC For Q3aFY additional 2015 definition ~$16M organization successful 2015E value Perspective Earnings ofproposition Consolidated measures and share Convent inreconciliation Call Q3 TM repurchases 2topositions Marine strengthe

  4. Slide 4: Q3 Consolidated Earnings Overview

    Adj. 05) 8.158$ 2.64$ Q3 ‘14 Consolidated Indiana Q3’15 ($ Domestic $19.4M Coke Coal Corporate Legacy ($13.8)($10.3)($3.5) Adjusted (1) (2) 3SXC inCoal For ‘15 2015 Q3 . EBITDA(1)(diluted) ‘15 0$ millions)($/share) millions, Transloading Logistics Mining Q3 Adj. 2.50$ vs. YTD 5.131$ aOverview ‘14 Co

  5. Slide 5: Adjusted EBITDA Quarter Comparability

    Adjusted Quarter comparability, ($ ($5.3M) $50.2 ($3.7) ($11.4) (2) $64.2 ($3.7M) ($2.9M) Chemicals ($3.5) ($2.0) ($2.2M) ($1.3M) Q3 Adj. (Consolidated)(excl. (1)(1) (1) 4SXC inFor 2014 EBITDA millions) Q3$44.8 $1.2 aimpacted Cost Lower Haverhill Deal Severance, 2015 Indiana definition EBITDA(1) imp

  6. Slide 6: Domestic Coke Business Summary

    Reduced Domestic (thousands 1,090 1,047 155 151 149 182 292 290 275 185 Q3 Middletown (1) 5SXCFor ‘14 156 158 $72 177 296 284 270 185 Q3 1,083 1,049 aQ4 $58/ton $56/ton $64 288 257 171 2015 Full definition Coke ‘14 of$67/ton Granite 171 243 185 Year tons) Earnings Q1 Business Production $51/ton 166

  7. Slide 7: Liquidity and Balance Sheet Position

    Liquidity Prudently ongoing SXCP availability: Attributable to $201.7 $20.2($22.9) ($16.5) $19.4M ($18.1M) $98.9 received ($12.7M) $($14.1M) ($ Q2 Cash (1) Unitholders SXC 61.3 102.8 SXCP 15.7M) 10.0M) 9.6M) Reflects 2015 Q3 Balance revolver SXC $25.6($26.8) India labor Oct. 2015 Net SXC Position Pa

  8. Slide 8: Capital Allocation Strategy

    Executing Continued Executed Intend Declared Redeeming Expect After 7SXC Q3 bond to SXCP 2015 opportunistically quarterly ~$16M Capital commitment redemption, remaining to Earnings redeem of Allocation dividend share SXC will to Call assumed repurchases, meaningfully execute bonds of have Strategy $

  9. Slide 9: 2015 Adjusted EBITDA Guidance

    2015 Excluding in-line ($ $190 $180 ~($15) ~$15 ($30 Outperformance Haverhill FY Consol. (excl. SXCin2015E $40) millions) Adjusted Q3 $210 $190 CMT) with Guidance 2015 Chemicals $160 Original Indiana (2) original vs.Earnings EBITDA $170 Guidance(excl. atto Harbor, Middletown, Favorable Adjusted Guid

  10. Slide 10: Indiana Harbor Update

    Indiana Additional significant Conducted Continue Maintain Systematic Major Implementing Maintaining Executing 9SXC Q3 emphasis Harbor 2015 focus torevised comprehensive underperformance steps comprehensive planned engage continuous additional Earnings on Update on taken approach material equipment

  11. Slide 11: Indiana Harbor Refurbishment Update

    Indiana Applied refurbishment Operating Replaced Commissioned Expect Repaired/replaced Repaired Strengthening Piloted Took Results More Plan Monitoring SXC 10 additional Q3 entire stable to test of Harbor lessons 2015 floors/sole stacks complete challenges initial rebuild pilot oven coking to improv

  12. Slide 12: Cokemaking Value Proposition

    Cokemaking SunCoke cost, Logistically BF Long-term, Flexibility Take-or-Pay facilities contracts Low-cost Low Newer Stable, Value Base EPA Environmental Heat-recovery produce (1) SXC Maximum assets as capex quality Q3 Proposition Asset reliable MACT(1) by-product 2015 substantially is source via to

  13. Slide 13: Concluding Remarks

    Concluding Deliver Focused Positioned Strong Executing Balanced SXC 12 Q3 cokemaking Operations on 2015 approach Disciplined with driving Remarks Earnings Unique to Excellence strong value TM returning Capital Cokemaking Call proposition operational Allocation cash to Value positions performance sha

  14. Slide 14: Questions

    SXC Q3 2015 Earnings Call QUESTIONS 13

  15. Slide 15: Investor Relations

    Investor Relations 630-824-1907 www.suncoke.com

  16. Slide 16: Appendix

    SXC Q3 2015 Earnings Call APPENDIX 15

  17. Slide 17: Definitions

    Definitions back represents our net performance highlights and presented EBITDA Adjusted Non Legacy SXC 16 income contractual Adjusted interest, recurring of Q3Costs sales 2015 represents EBITDA EBITDA/Ton in trends cash or TM accordance taxes, and discounts EBITDA include operating Coal Earnings ar

  18. Slide 18: Revised 2015 Guidance Summary

    2015 Metric Revised Adjusted Consolidated Attributable Capital Domestic Dom. Operating Cash (1) SXC Please Q3 Taxes(2) Guidance Coke 2015 Expenditures 2015 EBITDA(1) Coke see Cash Adj. to Guidance Guidance $190 appendix Earnings ~$10 SXC updated Production Flow EBITDA $210 million $115 ~$80 $125 201

  19. Slide 19: Reconciliation of Adjusted EBITDA

    Reconciliation [Graphic ($ Loss Deferred Changes Net Depreciation, Interest Income Asset Non Sales Adjustment Adjusted Coal Represents to SXC 18 SXCP inIncome/(Loss)($16.5)($6.5) cash recurring millions) Logistics on Q3 discounts and expense, tax extinguishment 2015 in provided public Appears income

  20. Slide 20: Reconciliation Domestic Coke Adjusted EBITDA

    Reconciliation Domestic Corporate, ($ Q2 Q1 FY Q4 Q3 Sales Adjusted (1) SXC 19 inRepresents 2015 2014 millions, Q3 Volume 2015 EBITDA India(thousands except Earnings SunCoke’s of Legacy Segment $55.9 $56.2 $52.7 $247.9 $64.4 $72.4 perper Ton ton Costs Call $3.4($0.8)($4.9) $2.6($0.4)($5.4) $4.1($0.7

  21. Slide 21: 2015E Guidance Reconciliation

    2015E ($ Loss Changes Net Depreciation, Interest Income Asset Non Coal Adjustment Adjusted (1) volume (2) (3) SXC 20 inRepresents Coal cash Income($10)($2) recurring millions) Logistics on Q3 and Guidance 2015E expense, tax during extinguishment Logistics 2015 in provided EBITDA goodwill expense/(be

  22. Slide 22: Consolidated Balance Sheet Metrics

    Asinof Balance Consolidated Attributable ($ Cash Available Total Net Full ProformaTotal Proforma (1) (2) (3) SXC Terminal. 21 Includes Represents Proforma Debt Year millions) Attributable Q3 $Debt Liquidity 9/30/2015(1) 103 Sheet 2015 Adj. (Total Full Net Revolver (Long $Convent Adjusted 61 to Debt/

  23. Slide 23: Capital Expenditures

    Capital 2015 ($ Ongoing(2) Expansion Environmental Total (1) SXC 22 inRepresents millions) Q3 Expected CapEx Expenditures 2015 5$0(Consolidated) 32 Earnings 5SXC SXCP Project CapEx $ 20SXCP(1) TM capex $052 Call 20 20 on $ Consolidated 37 100% $ 40basis, $ 77 including Granite City and Convent Marin

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