Warrior Met Coal, Inc. · NYSE:HCC
Warrior Met Coal — Q4 2021 Earnings Presentation
14 slides from Warrior Met Coal's earnings presentation, Feb 22, 2022
Slide 1: Fourth Quarter 2021 Results
Fourth Quarter 2021 Results February 22, 2022
Slide 2: Forward looking statements
Wa rri o r Met C o a l Page 1 Forward looking statements These slides contain, and the officers and representatives of Warrior Met Coal, Inc. (the “Company”) may from time to time make, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Sectio
Slide 3: Full Year 2021 Achievements
Wa rri o r Met C o a l Page 2 Full Year 2021 Achievements 1 Achieved sales volume of 5.7 million metric tons (“Mt”) and cash cost of sales (free-on-board port) per Mt of $96 2 Achieved production volume of 5.1 million Mt comprised of 4.4 million Mt from Mine 7 and 0.7 million Mt from Mine No. 4
Slide 4: Key Metrics for Q4 2021 vs. Q4 2020
Wa rri o r Met C o a l Page 3 Key Metrics for Q4 2021 vs. Q4 2020 Q4 2021 Q4 2020 % Change Tons produced (in 000s Mt) 1,005 Tons produced (in 000s Mt) 1,596 (37%) Tons sold (in 000s Mt) 1,314 Tons sold (in 000s Mt) 2,001 (34%) Gross price realization (1) 85% Gross price realization (1) 103% (17%) Av
Slide 5: Key Metrics for Years Ended December 31, 2021 vs. 2020
Wa rri o r Met C o a l Page 4 Key Metrics for Years Ended December 31, 2021 vs. 2020 For the year ended December 31, 2021 For the year ended December 31, 2020 % Change Tons produced (in 000s Mt) 5,084 Tons produced (in 000s Mt) 7,132 (29%) Tons sold (in 000s Mt) 5,699 Tons sold (in 000s Mt) 6,735 (1
Slide 6: Leverage and Liquidity Analysis
Wa rri o r Met C o a l Page 5 Leverage and Liquidity Analysis Financial Metrics ($MM except ratios) Leverage (for the year ended December 31, 2021) Adjusted EBITDA* $457.0 (1) Consolidated Net Debt* (3.9) (2) Net Leverage Ratio (0.01x) Liquidity (as of December 31, 2021) Cash and Cash Equivalents $3
Slide 7: Generated Significant Free Cash Flow on Strong Conversion of Adjusted EBITDA Margins
Wa rri o r Met C o a l Page 6 Generated Significant Free Cash Flow* on Strong Conversion of Adjusted EBITDA* Margins(1) Adjusted EBITDA* Margin (1) FCF Conversion*(2) 13% 50% 82% 50% 63% 61% 70.0% COVID-19 Pandemic Impacted 60.0% 57.8% 51.8% 50.0% 43.1% UMWA Strike 40.0% 28.7% 30.0% 22.1% 20.0% 10.0
Slide 8: Appendix
Wa rri o r Met C o a l Page 7 Appendix
Slide 9: Appendix
Wa rri o r Met C o a l Page 8 Appendix For the three months ended For the three months ended December 31, 2021 (Unaudited) December 31, 2020 (Unaudited) Short Tons Metric Tons Short Tons Metric Tons Tons sold (in 000s) 1,449 1,314 2,205 2,001 Tons produced (in 000s) 1,108 1,005 1,760 1,596 Gross pri
Slide 10: Appendix
Wa rri o r Met C o a l Page 9 Appendix For the year ended For the year ended December 31, 2021 (Unaudited) December 31, 2020 (Unaudited) Short Tons Metric Tons Short Tons Metric Tons Tons sold (in 000s) 6,282 5,699 7,424 6,735 Tons produced (in 000s) 5,604 5,084 7,862 7,132 Gross price realization(1
Slide 11: Non-GAAP Financial Measures: Adjusted EBITDA Reconciliation
Wa rri o r Met C o a l Page 10 Appendix Non-GAAP Financial Measures Reconciliation of Adjusted EBITDA to Amounts Reported Under U.S. GAAP For the three months ended For the years ended December 31, (Unaudited) December 31, (Unaudited) (in thousands) 2021 2020 2021 2020 Net income (loss) $ 138,490 $
Slide 12: Non-GAAP Financial Measures: Free Cash Flow Reconciliation
W ar r ior Met Coal Page 11 Appendix Non-GAAP Financial Measures Reconciliation of Free Cash Flow to Amounts Reported Under U.S. GAAP For the three months ended For the years ended December 31, (Unaudited) December 31, (Unaudited) (in thousands) 2021 2020 2021 2020 Net cash provided by operating act
Slide 13: Non-GAAP Financial Measures: Adjusted Net Income Reconciliation
W ar r ior Met Coal Page 12 Appendix Non-GAAP Financial Measures Reconciliation of Adjusted Net Income (Loss) to Amounts Reported Under U.S. GAAP For the three months ended For the years ended December 31, (Unaudited) December 31, (Unaudited) (in thousands) 2021 2020 2021 2020 Net income (loss) $ 13
Slide 14: Non-GAAP Financial Measures: Cash Cost of Sales Reconciliation
W ar r ior Met Coal Page 13 Appendix Non-GAAP Financial Measures Reconciliation of Cash Cost of Sales (Free-On-Board Port) to Cost of Sales Reported Under U.S. GAAP For the three months ended For the years ended December 31, (Unaudited) December 31, (Unaudited) (in thousands) 2021 2020 2021 2020 Cos