Warrior Met Coal, Inc. · NYSE:HCC
Warrior Met Coal — BMO 34th Global Metals, Mining & Critical Minerals Conference 2025
17 slides from Warrior Met Coal's conference presentation, February 2025
Slide 1: BMO 34th Global Metals, Mining & Critical Minerals Conference
BMO 34th Global Metals, Mining & Critical Minerals Conference February 2025
Slide 2: Forward-looking Statements
Forward-looking Statements This presentation contains, 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 Act of 1934, as amended
Slide 3: Tremendous Value Proposition from Leading Pure Play Producer of Premium Steelmaking Coal
Tremendous Value Proposition from Leading Pure Play Producer of 100% Exported Premium Steelmaking Coal Producer of Premium Strong Profitability Quality Steelmaking Coal Throughout the Cycle • Pure play steelmaking coal exporter • Low variable cost structure • Product commands premium pricing • Indus
Slide 4: Warrior Today: Tier One, Low-Cost Assets for the Global Steel Market
Warrior Today: Tier One, Low-Cost Assets for the Global Steel Market Mine 7 Mine 4 Underground operation with two longwall Underground operation with single longwall systems system • Produces a benchmark-equivalent, premium Low- • Produces a premium High Vol A steelmaking coal Vol steelmaking coal p
Slide 5: Global Seaborne Coking Coal Demand Expected to Exceed Supply in the Near-Term
Global Seaborne Coking Coal Demand Expected to Exceed Seaborne Coking Coal Supply in the Near-Term Global Seaborne Coking Coal Demand Outlook (Mmt(1)) Global Surplus/(Deficit) of Seaborne Coking 400 Coal (Mmt(1)) Expected Long-Term Structural India’s Growth Driven Deficit is Due to Underinvestment 3
Slide 6: Exceptional Cash Generation and Record of Returning Cash to Stockholders
Exceptional Cash Generation and Record of Returning Cash to Stockholders During Blue Creek Construction Financial Performance Since Beginning of Q2 2022 Capital Allocation Since Beginning of Q2 2022 Retirement of Revenues $4.5 billion $193 million Debt Increasing Adjusted *,(3) $1.9 billion Quarterl
Slide 7: Project Update: On Time and On Budget
Project Update: On Time and On Budget Total capital expenditure estimate reiterated in a range of: $995M to $1.075B Project to date capital expenditure spend as of 12/31/24: $717M Warrior proactively expanded the original project scope by $130M in 2023 Dramatically improves transportation plan —
Slide 8: Optimized Plan Unlocks Significant Additional Value
Optimized Plan Unlocks Significant Additional Value With Further Upside at Little Incremental Cost Optimizing Blue Creek Growth Full Nameplate Capacity Run rate production volume incorporates the best practices and technologies • Our strategic growth objective with the first longwall is to optimize
Slide 9: Executing One of the Last Transformational Projects in the Industry
Executing One of the Last Transformational Projects in the Industry WARRIOR 2024A WARRIOR 2027E Premier pure-play high quality steelmaking coal exporter Larger capacity and more profitable Transformational 14.0 Mst p.a.(1) nameplate capacity • 8.0 Mst p.a.(1) nameplate capacity Blue Creek Project •
Slide 10: Blue Creek Video
BLUE CREEK VIDEO
Slide 11: Significantly Higher Expected Economics to Bolster an Already Compelling Investment Thesis
Significantly Higher Expected Economics to Bolster an Already Compelling Investment Thesis NPV(2) IRR(2) First 10 years production average $5.4B 35% At 1/1/25; Excludes $717M of Real, after tax 6.0 Mst (1) previously spent capex Significant Improvement in IRR(2), NPV(2), and Payback Period(4) vs Pay
Slide 12: Reconciliations
cae gs r\\ Reconciliations WARRIOR
Slide 13: Non-GAAP Financial Measures: Adjusted EBITDA Reconciliation
Appendix Non-GAAP Financial Measures Reconciliation of Adjusted EBITDA to Amounts Reported Under U.S. GAAP For the years ended For the three months ended June 30, September 30, December 31, December 31, (Unaudited) (Unaudited) (Unaudited) Total (in thousands) 2024 2023 2022 2022 2022 Net income $ 25
Slide 14: Non-GAAP Financial Measures: Free Cash Flow Reconciliation
Appendix Non-GAAP Financial Measures Reconciliation of Free Cash Flow to Amounts Reported Under U.S. GAAP For the years ended For the three months ended June 30, September 30, December 31, December 31, (Unaudited) (Unaudited) (Unaudited) Total (in thousands) 2024 2023 2022 2022 2022 Net cash provide
Slide 15: Non-GAAP Financial Measures
Appendix Non-GAAP Financial Measures We have not reconciled our forward-looking adjusted EBITDA, adjusted EBITDA margin, free cash flow or cash cost of sales to GAAP net income, net income margin, cash flow from operations or cost of sales, respectively, due to the uncertainty and potential variabil
Slide 16: Disclaimer
Appendix Disclaimer “The information referenced herein contains the copyrighted property of Dow Jones & Company, Inc. or its affiliates (“Dow Jones”) and represent data, research, opinions or viewpoints published by Dow Jones, and are not representations of fact. The Dow Jones materials speak as of
Slide 17: Source: Company information
Source: Company information
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