Suncoke Energy, Inc. · NYSE:SXC
Suncoke Energy — Q2 2025 Earnings Presentation
20 slides from Suncoke Energy's earnings presentation, Jul 30, 2025
Slide 1: Q2 2025 Earnings Conference Call
SunCoke Energy, Inc. Q2 2025 Earnings Conference Call
Slide 2: Forward-Looking Statements
Forward-Looking Statements 2 This presentation should be reviewed in conjunction with the second quarter 2025 earnings release of SunCoke Energy, Inc. (SunCoke) and conference call held on July 30, 2025 at 11:00 a.m. ET. This presentation contains “forward-looking statements” (as defined in Section
Slide 3: Q2 2025 Highlights
Q2 2025 Highlights 3 ✓ Delivered Q2 '25 Consolidated Adjusted EBITDA(1) of $43.6M ✓ Announced the acquisition of Phoenix Global during the second quarter; expect to close on August 1st, 2025 ✓ Extension of revolving credit facility originally due June 2026 completed in July; now maturing in July 203
Slide 4: Transaction Overview
Transaction Overview 4 SunCoke to acquire Phoenix Global for $325 million; transaction closing expected on August 1st, 2025 • SunCoke to acquire 100% of common units of Phoenix Global for $325 million on Purchase Price a cash free, debt free basis and Valuation • Implied purchase price of ~5.4x Phoe
Slide 5: Transaction Benefits to SunCoke
Transaction Benefits to SunCoke 5 Phoenix acquisition provides significant strategic and financial benefits to SunCoke Market Diversification Expanded Offerings Strong Financials Growth Platform • Diversifying our • Expansion into • Long-term • Multiple paths for customer base to high-value, site- c
Slide 6: Q2 2025 Financial Performance
Q2 2025 Financial Performance 6 Q2 2025 Earnings Review • Q2 '25 EPS of $0.02, down $0.23 from the ($/share) ($ in millions) prior year quarter Diluted EPS Adjusted EBITDA(1) ▪ Primarily driven by timing/mix of contract and spot -$0.23 coke sales coupled with lower economics on the -$19.9M Granite C
Slide 7: Domestic Coke Business Summary
Domestic Coke Business Summary 7 Domestic Coke performance impacted by timing/mix of contract & spot coke sales and lower Granite City contract economics Domestic Coke Performance • Domestic Coke segment contributed (Coke Production, Kt) $40.5M to Q2 ‘25 Adjusted EBITDA $57.9M $58.1M $57.3M ▪ Change
Slide 8: Logistics Business Summary
Logistics Business Summary 8 Logistics performance primarily driven by lower volumes at CMT Logistics Performance • Logistics segment contributed (Tons Handled, Kt) $7.7M to Q2 ‘25 Adjusted EBITDA $12.2M $13.7M $11.5M $13.7M ▪ Lower volumes at CMT driven by $7.7M market conditions 5,982 5,843 • KRT
Slide 9: Q2 2025 Liquidity
Q2 2025 Liquidity 9 Maintained strong liquidity position of $536.2M (Consolidated) Q2 '25 Revolver Total Debt $500M Availability: Gross Leverage(1) 2.04x $350M Net Leverage(1) 1.28x ($ in millions) $193.7 $17.5 ($12.6) ($10.2) $186.2 ($2.2) Dividend of $0.12 per share Cash @ Q1 2025 Net Cash Provide
Slide 10: 2025 Key Initiatives
2025 Key Initiatives 10 Continued Safety and Environmental Excellence • Continue to deliver strong safety and environmental performance Deliver Operational Excellence and Optimize Asset Utilization • Successfully execute on operational and capital plan • Continue to provide reliable, high-quality pr
Slide 11: Appendix
APPENDIX )
Slide 12: Non-GAAP Financial Measures
12 NON-GAAP FINANCIAL MEASURES In order to assist readers in understanding the core operating results that our management uses to evaluate the business, we describe our non- GAAP measures referenced in this presentation below. In addition to U.S. GAAP measures, this presentation contains certain non
Slide 13: 2025 Guidance Summary
2025 Guidance Summary 13 Expect 2025 Consolidated Adjusted EBITDA(1) of $210M - $225M; 2025 Free Cash Flow(2) of $103M - $118M 2025 Original 2025 Revised Metric Guidance Guidance* Adjusted EBITDA Consolidated (1) $210M - $225M $210M - $225M Domestic Coke EBITDA $185M - $192M $185M - $192M Logistics
Slide 14: Coke Facility Capacity and Contract Duration/Volume
Coke Facility Capacity and Contract Duration/Volume 14 (1) Contract Contract Facility Capacity Customer Expiry Volume Indiana Harbor 1,220 Kt Cliffs Steel Sep. 2035 Capacity Middletown 550 Kt (2) Cliffs Steel Dec. 2032 Capacity Haverhill II 550 Kt Cliffs Steel Jun. 2025 (3) Capacity (4) Granite City
Slide 15: Balance Sheet & Debt Metrics
Balance Sheet & Debt Metrics 15 As of As of ($ in millions) 6/30/2025 12/31/2024 Cash $ 186 $ 190 Available Revolver Capacity $ 350 $ 350 Total Liquidity $ 536 $ 540 Gross Debt (Long and Short-term) $ 500 $ 500 Net Debt (Total Debt less Cash) $ 314 $ 310 LTM Adjusted EBITDA $ 245 $ 273 Gross Debt /
Slide 16: 2025 Guidance Reconciliation
2025 Guidance Reconciliation 16 ($ in millions) Low High Net Income $40 $59 Depreciation and amortization expense 121 117 Interest expense, net 26 24 Income tax expense 11 15 Transaction Costs (1) 12 10 Adjusted EBITDA (Consolidated) $210 $225 Free Cash Flow Guidance Reconciliation 2025E ($ in milli
Slide 17: Net Income to FCF Reconciliation
Net Income to FCF Reconciliation 17 2025E ($ in millions) Low End High End Net Income $40 $59 Depreciation and amortization expense 121 117 Interest expense, net 26 24 Income tax expense 11 15 Transaction Costs (1) 12 10 Adjusted EBITDA (Consolidated) $210 $225 Cash interest, net (23) (21) Cash taxe
Slide 18: Reconciliation to Adjusted EBITDA
Reconciliation to Adjusted EBITDA 18 2025 Q2 ($ in millions) Q1 '24 Q2 '24 Q3 '24 Q4 '24 FY '24 Q1 '25 Q2 '25 Net Income $ 21.1 $ 23.3 $ 33.3 $ 25.8 $ 103.5 $ 19.4 $ 3.5 Depreciation and amortization expense 33.3 28.7 28.1 28.8 118.9 28.8 28.6 Interest expense, net 6.3 5.8 5.7 5.6 23.4 5.2 5.4 Incom
Slide 19: Adjusted EBITDA and Adjusted EBITDA per ton
Adjusted EBITDA and Adjusted EBITDA per ton 19 Reconciliation of Segment Adjusted EBITDA and Adjusted EBITDA per Ton Domestic Corporate Brazil Coke Logistics Consolidated ($ in millions, except per ton data) Coke and Other(1) Q2 2025 Adjusted EBITDA $40.5 $2.6 $7.7 ($7.2) $43.6 Sales Volume (thousan
Slide 20: SunCoke Energy
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