Alpha Metallurgical Resources, Inc. · NYSE:AMR
Alpha Metallurgical Resources — Investor Presentation (February 2024)
16 slides from Alpha Metallurgical Resources's investor presentation, Feb 26, 2024
Slide 1: AMR Investor Presentation February 2024
A M R I N V E S T O R P R E S E N T A T I O N F E B R U A R Y 2 0 2 4 I N V E STO R P R E S E N TAT I O N
Slide 2: Forward Looking Statements
A M R I N V E S T O R P R E S E N T A T I O N F E B R U A R Y 2 0 2 4 F O R WA R D LO O K I N G S TAT E M E N T S This document includes forward-looking statements. These forward-looking statements are based on Alpha's expectations and beliefs concerning future events and involve risks and uncertain
Slide 3: Safely Producing a Critical Product for Building Modern Society
A M R I N V E S T O R P R E S E N T A T I O N F E B R U A R Y 2 0 2 4 With customers in 25 countries and significant port capacity, Alpha Metallurgical Resources (NYSE: AMR) reliably supplies metallurgical products to the global steel industry. Alpha operates 22 mines and controls approximately 316
Slide 4: Global Steel Demand Growth Expected to Continue
A M R I N V E S T O R P R E S E N T A T I O N F E B R U A R Y 2 0 2 4 India has accounted for ~37% of Alpha’s export sales over the past 5 years. Sources: World Steel Association & Wood Mackenzie Global Steel Demand In 0 0 0 s of m et ric to ns1,775 1,839 1,814 1,750 1,650 1,600 1,900 1,700 1,800 1,
Slide 5: Steel and Coal Are Critical to Supplying the World with Energy
A M R I N V E S T O R P R E S E N T A T I O N F E B R U A R Y 2 0 2 4 Sources: World Steel Association and ArcelorMittal S T E E L A N D C OA L A R E C R I T I C A L TO S U P P LY I N G T H E WO R L D W I T H E N E R GY | 5 Steel is used in all areas of renewable energy. Biomass: Steel is used exten
Slide 6: Alpha at a Glance – Select Numerical Highlights
A M R I N V E S T O R P R E S E N T A T I O N F E B R U A R Y 2 0 2 4 16.7 Million Tons of Coal Produced in 2023 $3.5 Billion Coal Revenues in 2023 303 Million Tons Met Reserves 509 Million Tons In Situ Met Resources 25 Countries Received Alpha Coal 65% DTA Ownership* 22 Mines 9 Prep Plants 4,160 Em
Slide 7: Largest U.S. Met Producer; Shareholder Value; Excellence & Reliability; Leadership Vision
A M R I N V E S T O R P R E S E N T A T I O N F E B R U A R Y 2 0 2 4 LARGEST U.S. MET PRODUCER SHAREHOLDER VALUE EXCELLENCE & RELIABILITY LEADERSHIP VISION Accounts for 1/5 of total U.S. met coal production. A diverse portfolio of coal qualities and majority ownership of DTA export facility in Newp
Slide 8: Largest and Most Diverse Domestic Metallurgical Coal Supplier
A M R I N V E S T O R P R E S E N T A T I O N F E B R U A R Y 2 0 2 4 Alpha Accounts for 20% of Total U.S. Metallurgical Coal Production(1) Well-Balanced Met Quality Mix (2) 36% HVA 26% HVB 23% MV 15% LV Diversified Shipment Mix (2) 20% 80% (1) Source: Energy Ventures Analysis Coal Production Report
Slide 9: Diversified Mine Portfolio Provides Optionality and Longevity
A M R I N V E S T O R P R E S E N T A T I O N F E B R U A R Y 2 0 2 4 D I V E R S I F I E D M I N E P O R T F O L I O P R OV I D E S O P T I O N A L I T Y A N D LO N G E V I T Y | 9 (1) For more details on expected recoverability rates for In Situ Coal Resources, see the Properties section of Alpha’
Slide 10: Creating Shareholder Value: Share Repurchase Program
A M R I N V E S T O R P R E S E N T A T I O N F E B R U A R Y 2 0 2 4 | 1 0 Share Repurchase Program (Growth in Board Authorizations) AMR Basic Share Count (March 9, 2022 – February 19, 2024)* C R E AT I N G S H A R E H O L D E R VA LU E As of February 19, 2024, the company had repurchased ~6.6 mill
Slide 11: Disciplined Capital Expenditures with Ability to Adjust to Market Needs
A M R I N V E S T O R P R E S E N T A T I O N F E B R U A R Y 2 0 2 4 81.9$100 $260 $80 $0 $60 $20 $200 $120 $160 $40 $140 $180 $220 $240 $280 192.4 In m ill io ns 245.4 2018A 2019A 2020A 2021A 2022A 2023A 154.0 $21 Million Carryover $171 Million Maintenance Capex Alpha’s Capital Expenditures $33 Mi
Slide 12: Safety Drives Our Culture and Continuous Improvement
A M R I N V E S T O R P R E S E N T A T I O N F E B R U A R Y 2 0 2 4 3.14 3.09 3.01 2.47 2.37 2.27 2021 2022 2023 YTD*(1) Coal Industry Average Total Reportable Incident Rate (TRIR) 2.35 2.20 2.19 1.71 1.05 1.38 2021 2022* 2023 YTD(1) Non-Fatal Days Lost (NFDL) (1) 2023 YTD data represents January
Slide 13: Conclusion
A M R I N V E S T O R P R E S E N T A T I O N F E B R U A R Y 2 0 2 4 | 1 3 CO N C LU S I O N
Slide 14: Appendix
A M R I N V E S T O R P R E S E N T A T I O N F E B R U A R Y 2 0 2 4Appendix
Slide 15: Projected Future Cash Outflows
A M R I N V E S T O R P R E S E N T A T I O N F E B R U A R Y 2 0 2 4 PROJECTED FUTURE CASH OUTFLOWS Cash Outflows (US$ millions) 2024E 2025E 2026E 2027E Reorganization & Transaction-related Cash Outflows (1) $-- $-- $-- $-- Asset Retirement Obligations (2) 37.1 32.9 25.5 32.3 Pension Obligations (3
Slide 16: Shipment Commitments and Non-GAAP Notes
A M R I N V E S T O R P R E S E N T A T I O N F E B R U A R Y 2 0 2 4 (1) Based on committed and priced coal shipments as of February 14, 2024. Committed percentage based on the midpoint of shipment guidance range. (2) Actual average per-ton realizations on committed and priced tons recognized in fu
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