Ramaco Resources, Inc. · NASDAQ:METC

Ramaco Resources — Q1 2018 Earnings Presentation

14 slides from Ramaco Resources's earnings presentation, May 15, 2018

1. Slide 1: Ramaco Resources, Inc. First Quarter 2018 Results

   Ramaco Resources, Inc. First Quarter 2018 Results \“RAMACO

2. Slide 2: Disclaimer

   Disclaimer Forward Looking Statements ‘Tho information in this presentation inudes Yorwardlocking statements" within the meaning of Secon 27A ofthe Sscuitss Act of 1923, as amended (he "Secutties Act) and Section 21€ of “Exchange Act), Al statements, other than statomonis of historical fctineludea i

3. Slide 3: Randall Atkins Conference Call Comments

   i RAMACO RESOURCES Randall Atkins Conference Call Comments

4. Slide 4: Key Dates & Upcoming Milestones

   Key Dates & Upcoming Milestones Key Dates Janwary 2017: ‘pri 2017: October 2017: DDecomber 2017 January 2088: February 2018: otored te frst Commenced Frist Coal Processed ening Fist ek Crook Ek Creek Plant of al rodueton al the UG atime Ek reek Plant | Development Coal || Export Shipment ‘00% Compot

5. Slide 5: Michael Bauersachs Conference Call Comments

   i RAMACO RESOURCES Michael Bauersachs Conference Call Comments

6. Slide 6: Fully Operational Elk Creek Infrastructure

7. Slide 7: Elk Creek — Production Ramp-up

   Elk Creek — Production Ramp-up 2017-18 Elk Creek Clean Tons Produced 160,000 120,000 ies so,c00 oe er rotate 40,000 > i September-17 November-17 February-18 E\pamaco AMACO, 6

8. Slide 8: No. 2 Gas Mine & Stockpile

   No. 2 Gas Mine & Stockpile

9. Slide 9: Elk Creek Preparation Plant - Raw Ton Feedstock

   Elk Creek Preparation Plant - Raw Ton Feedstock 400,000 350,000 300,000 250,000 200,000 150,000 400,000 50,000 0 & eS SoS a mRaw Tons. “Projected E\pamaco

10. Slide 10: Elk Creek — Trains Per Month

    Elk Creek — Trains Per Month SPL OPIS “Projected Sramaco i

11. Slide 11: Elevated Raw Coal Stockpile

    Elevated Raw Coal Stockpile Elevated Clean Coal Stockpile EXRaMaco 10

12. Slide 12: Projected 2018 Capital Expenditures

    Projected 2018 Capital Expenditures Maintenance Capital $0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 Maintenance Capitals Infrastructure = Equipment my ‘CO. 14

13. Slide 13: Key Operational Milestones

    Key Operational Milestones Elk Surface and Highwall Evaluating additional deep production at Elk Creek Average pricing should continue to beat plan Coal is widely accepted by customers S\pamaco Continue to evaluate RAMACO Elk Creek plant and loadout 100% operational 3 active deep mines at Elk Creek.

14. Slide 14: Ramaco Resources contact

    MY RAMACO RESOURCES Ramaco Resources, Inc. 250 West Main Street, Suite 1800 Lexington, Kentucky 40507

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