Peabody Energy Corporation · NYSE:BTU
Peabody Energy — Corporate Update (August 2026)
21 slides from Peabody Energy's corporate update, Aug 11, 2026
Slide 1: Centurion Mine Tour
Centurion Mine Tour August 11th, 2026
Slide 2: Disclosure Regarding Forward-Looking Statements
Disclosure Regarding Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the securities laws. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words or varia
Slide 3: Company Snapshot: 2025 Overview
Company Snapshot: 2025 Overview 2025 Adjusted EBITDA (2,3) Seaborne Metallurgical: 8.6 MT $3.9B Seaborne Powder • Centurion REVENUE Metallurgical $56 River Basin • Shoal Creek $176 • Metropolitan $455M • Coppabella / Moorvale (CMJV) ADJUSTED Seaborne Thermal: 15.4 MT $222 EBITDA(2) • Wilpinjong Seab
Slide 4: Safety: Our #1 Priority
Safety: Our #1 Priority Peabody maintains a best-in-class safety culture and record SAFETY PERFORMANCE ON SITE AT CENTURION • 2025 the safest year in the company’s 140+ year history • 2026 first half safety performance running better than prior year • Considerable safety focus at Centurion: – Sealin
Slide 5: Centurion: Cornerstone Metallurgical Coal Asset
Centurion: Cornerstone Metallurgical Coal Asset Significantly increasing met segment production and coal quality CE NTURI O N S ALE S Q3'26 H2'26 FY26 500–700 1.5–2.0 2.0–2.5 thousand tons million tons million tons WHAT MAKES CENTURION COMPELLI NG (1) N E T P R E S E N T V AL U E COST PROFILE S E G
Slide 6: Centurion: Tier-One Asset in World's Premier HCC Corridor
Centurion: Tier-One Asset in World’s Premier HCC Corridor Majority of the world’s premium HCC comes from Australia’s Bowen Basin ASSET & LOGISTICS BOWEN BASIN HCC CORRIDOR • Centurion’s coal comes from the Goonyella Middle Seam, a 5 to 8 meter thick seam containing premier hard coking coal deposits
Slide 7: Centurion: Transitioning to Full Longwall Production
Centurion: Transitioning to Full Longwall Production 2026 operations update February February–March March–April May–July August–September 1 2 3 4 5 Mine Start-Up Mechanical Issues Shield Racking Realignment Full Production Longwall Equipment issues addressed Roof and floor issues lead Shields realig
Slide 8: Centurion: Ramping Up to Targeted Levels
Centurion: Ramping Up to Targeted Levels Managing through fault zone in Q3 as production progressively increases AT THE FACE BEYOND THE FACE 1 2 3 4 Geo-flexing Void fill In-seam drilling Surface drilling Inject grout at the face where Add void fill in areas of roof Drill underground ahead of the Gr
Slide 9: Centurion: Supplying India's Fast Growing Met Import Market
Centurion: Supplying India’s Fast Growing Met Import Market Largest Seaborne Met Coal Importers Forecast of Seaborne Met Coal Imports 200 India - 195 Japan/Korea/Taiwan 89 180 160 India 85 2025 Tonnes in Millions 140 Tonnes in Millions 120 China 69 100 80 Europe 36 SE Asia - 63 60 JKT - 62 40 China
Slide 10: Centurion: Transportation Advantaged to India Market
Centurion: Transportation Advantaged to India Market Queensland coal shipments have lower ocean freight costs compared to alternatives OCEAN FREIGHT COST ($/TONNE) DALRYMPLE BAY COAL TERMINAL Date U.S. East Canada West Queensland / Coast / India Coast / India India 2025 $36.31 $20.97 $14.99 Q3 2026
Slide 11: Met Coal Market: Growing Demand for Centurion Product
Met Coal Market: Growing Demand for Centurion Product Near-term seasonal softness; Structural Indian demand supports premium hard coking coal NEAR-TERM MARKET PREMIUM HCC PRICING INDIA DEMAND OUTLOOK (USD/TONNE) • Weakest period of seasonal 700 • India advancing an aggressive steel conditions; deman
Slide 12: Centurion: High-Margin Economics
Centurion: High-Margin Economics ~$100 million per quarter of Adjusted EBITDA potential at current pricing and projected cost structure Illustrative Life-of-Mine Scenarios 2024 2026 Announcement Update PHCC (US$/tonne) $ 210 $ 225 LOM Average Volumes (short tons in 4.7 4.7 millions) Revenue per Ton
Slide 13: Peabody: Compelling Investment Thesis
Peabody: Compelling Investment Thesis 1 Metallurgical Coal Anchored by Premier Hard Coking Coal Mine 2 Low-Cost Seaborne Thermal Coal Serves Energy-Hungry Nations 3 U.S. Thermal Business Poised for Major Load Growth 4 Peabody Development Activities Target Asset Optimization 5 Upgrades Strengthen Cap
Slide 14: Building Brighter Futures
14 BUILDING BRIGHTER FUTURES
Slide 15: Thank You
Thank You INVESTOR RELATIONS Kala Finklang NYSE: BTU ir@peabodyenergy.com peabodyenergy.com 15
Slide 16: Centurion Power Station
Centurion Power Station Transforming methane to power and reducing emissions • Centurion’s power station captures methane that otherwise would be flared and turns it into on-site power, improving safety, reducing emissions and lowering costs • Current 5MW plant provides almost $425k in savings per y
Slide 17: Centurion Product: Excellent Blend of Strength and Volatiles
Centurion Product: Excellent Blend of Strength and Volatiles Best-in-Class Premium Hard Coking Coal Coal Blending for Coke Optimization Framework 80% Centurion • Centurion produces Premium Low Volatile Hard Premium HCC Coking Coal (PLV HCC) 70% Premium LV • PLV HCC quality is perfect balance of high
Slide 18: Centurion Royalties
Centurion Royalties Centurion Royalties Queensland Government Royalty Rates • Centurion is subject to the Queensland Government Average price per tonne for period (A$) Rate Royalty charged on total revenue. Queensland Government Up to and including $100 7% royalties are based on coal prices per tonn
Slide 19: NARM Investor Day / Site Visit
NARM Investor Day / Site Visit 2026 mine tour on September 23rd • Our investor and analyst community is invited to our 2026 Investor Day / Site Visit at our North Antelope Rochelle Mine in Wyoming • We have a full day planned with discussions with the Peabody executive leadership • Space is limited
Slide 20: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures Year Ended Dec. 31, 2025 Adjusted EBITDA (In Millions) (1) Seaborne Thermal $ 222.2 Seaborne Metallurgical 56.4 Powder River Basin 175.8 Other U.S. Thermal 71.4 Total U.S. Thermal 247.2 Middlemount (10.9) Resource Management Results (2) 39.5 Selling and Administra
Slide 21: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures Note: Management believes that non-GAAP financial measures are used by investors to measure our operating performance. These measures are not intended to serve as alternatives to U.S. GAAP measures of performance and may not be comparable to similarly-titled measu