Alpha Metallurgical Resources, Inc. · NYSE:AMR
Alpha Metallurgical Resources — Investor Presentation (May 2024)
16 slides from Alpha Metallurgical Resources's investor presentation, May 6, 2024
Slide 1: Investor Presentation
1A M R I N V E S T O R P R E S E N T A T I O N M A Y 2 0 2 4 | I NVESTOR P R ES ENTAT I ON
Slide 2: Forward Looking Statements
2A M R I N V E S T O R P R E S E N T A T I O N M A 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 uncertainties th
Slide 3: Safely Producing a Critical Product for Building Modern Society
3A M R I N V E S T O R P R E S E N T A T I O N M A 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 21 mines and controls approximately 316 million
Slide 4: Global Steel Demand Growth Expected to Continue
4A M R I N V E S T O R P R E S E N T A T I O N M A 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 ns In 0 0 0 s of m et ric to ns G LO B A L S T E E L D E M A N D
Slide 5: Steel and Coal Are Critical to Supplying the World with Energy
5A M R I N V E S T O R P R E S E N T A T I O N M A 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 Steel is used in all areas of renewable energy. Biomass: Steel is used extensively in a
Slide 6: Alpha at a Glance – Select Numerical Highlights
6A M R I N V E S T O R P R E S E N T A T I O N M A 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* 21 Mines 9 Prep Plants 4,210 Employees
Slide 7: Largest U.S. Met Producer; Shareholder Value; Excellence & Reliability; Leadership Vision
7A M R I N V E S T O R P R E S E N T A T I O N M A 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 Newport New
Slide 8: Largest and Most Diversified Domestic Metallurgical Coal Supplier
8A M R I N V E S T O R P R E S E N T A T I O N M A 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, total
Slide 9: Diversified Mine Portfolio Provides Optionality and Longevity
9A M R I N V E S T O R P R E S E N T A T I O N M A 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 (1) For more details on expected recoverability rates for In Situ Coal Resources, see the Properties section of Alpha’s 10-K fili
Slide 10: Creating Shareholder Value
1 0A M R I N V E S T O R P R E S E N T A T I O N M A Y 2 0 2 4 | *Does not include potential dilutive effect of unvested equity awards (91,434), net of share settling for exercise/vesting costs. (1) Net of (139,410), (81,287), and (4,290) shares repurchased from employees to satisfy the employees’ s
Slide 11: Disciplined Capital Expenditures with Ability to Adjust to Market Needs
1 1A M R I N V E S T O R P R E S E N T A T I O N M A 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 $33 Million
Slide 12: Safety Drives Our Culture and Continuous Improvement
1 2A M R I N V E S T O R P R E S E N T A T I O N M A Y 2 0 2 4 | 3.14 3.09 3.04 2.47 2.37 2.21 2021 2022 2023* Coal Industry Average Total Reportable Incident Rate (TRIR) 2.35 2.20 2.23 1.71 1.05 1.30 2021 2022* 2023 Non-Fatal Days Lost (NFDL) S A F E T Y D R I V E S O U R C U LT U R E A N D CO N T
Slide 13: Conclusion
1 3A M R I N V E S T O R P R E S E N T A T I O N M A Y 2 0 2 4 | CO N C LU S I O N
Slide 14: Appendix
1 4A M R I N V E S T O R P R E S E N T A T I O N M A Y 2 0 2 4 |Appendix
Slide 15: Projected Future Cash Outflows
1 5A M R I N V E S T O R P R E S E N T A T I O N M A Y 2 0 2 4 | P R OJ E C T E D F U T U R E C AS H O U T F LOWS Cash Outflows (US$ millions) 2024E 2025E 2026E 2027E Asset Retirement Obligations (1) 26.4 33.2 25.8 32.8 Pension Obligations (2) 12.3 20.0 16.0 16.0 Capital Contributions to Equity Affi
Slide 16: Shipment and Non-GAAP Notes
1 6A M R I N V E S T O R P R E S E N T A T I O N M A Y 2 0 2 4 | (1) Based on committed and priced coal shipments as of April 24, 2024. Committed percentage based on the midpoint of shipment guidance range. (2) Actual average per-ton realizations on committed and priced tons recognized in future per
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