Alpha Metallurgical Resources, Inc. · NYSE:AMR
Alpha Metallurgical Resources — Investor Presentation (November 2023)
18 slides from Alpha Metallurgical Resources's investor presentation, Nov 2, 2023
Slide 1: Metallurgical Resources Investor Presentation
METALLURGICAL RESOURCES INVESTOR PRESENTATION
Slide 2: Forward Looking Statements
November 2023 2 FORWARD LOOKING STATEMENTS 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 that may cause actual results to differ materially from current ex
Slide 3: Alpha Safely Produces a Critical Product Used in Building Modern Society
November 2023 ALPHA SAFELY PRODUCES A CRITICAL PRODUCT USED IN BUILDING MODERN SOCIETY 3
Slide 4: Global Steel Demand Growth Expected to Continue
November 2023 4 India has accounted for ~33% of Alpha’s export sales over the past 5 years Sources: World Steel Association & Wood Mackenzie Global Steel Demand Projected Crude Steel Production in India through 2050 200 300 80 120 140 160 180 220 240 260 280 320 340 360 380 100 20 24 20 26 20 28 20
Slide 5: Alpha at a Glance - Select Numerical Highlights
November 2023 ALPHA AT A GLANCE - SELECT NUMERICAL HIGHLIGHTS 5 Note: Metrics as of 12/31/22 unless otherwise noted. Employee, mine and plant data as of 9/30/23. See slide 7 for map of specific countries that received Alpha coal. See slide 8 for list of mines and preparation plants. Trees planted da
Slide 6: Alpha Positioned to Deliver Long Term Value
November 2023 ALPHA POSITIONED TO DELIVER LONG TERM VALUE 6 LARGEST U.S. MET PRODUCER SHAREHOLDER VALUE EXCELLENCE & RELIABILITY LEADERSHIP VISION Alpha accounts for nearly a quarter of total U.S. met coal production. Diverse portfolio of coal qualities and majority ownership of DTA export facility
Slide 7: Largest and Most Diverse Domestic Metallurgical Coal Supplier
November 2023 7 70% 30% Export Domestic 37% 26% 21% 16% MV HVA HVB LV LARGEST AND MOST DIVERSE DOMESTIC METALLURGICAL COAL SUPPLIER Well-Balanced Met Quality Mix (2) Diversified Shipment Mix (2) (1) Source: Energy Ventures Analysis Coal Production Report. (2) For full-year 2022 shipments, by tonnage
Slide 8: Diversified Mine Portfolio Provides Optionality and Longevity
November 2023 DIVERSIFIED MINE PORTFOLIO PROVIDES OPTIONALITY AND LONGEVITY 8 Note: Production, reserves and resources as of 12/31/22. List of mines as of 9/30/23. * Contractor mine ** Surface mine
Slide 9: Multi-Faceted Shareholder Value Creation
November 2023 MULTI-FACETED SHAREHOLDER VALUE CREATION 9 ▪ Since the start of 3Q 2021, Alpha has reduced its term loan by $550 million and the remaining balance was eliminated with a $99.4 million payment on June 3, 2022. ▪ To further enhance shareholder value, on March 7, 2022, Alpha announced a $1
Slide 10: Disciplined Capital Expenditures with Ability to Adjust to Market Needs
November 2023 DISCIPLINED CAPITAL EXPENDITURES WITH ABILITY TO ADJUST TO MARKET NEEDS 10 81.9 83.3 164.3 61.5* $100 $260 $80 $0 $60 $20 $200 $120 $160 $40 $140 $180 $220 $240 $280 192.4 In m ill io ns 265.0 2018A 2019A 2020A 2021A 2022A 170.0* 2023E* 154.0 33.5* Carryover SELECT HIGHLIGHTS OF PROJEC
Slide 11: Safety Is Our Cultural Foundation and Driver Toward Continuous Improvement
November 2023 SAFETY IS OUR CULTURAL FOUNDATION AND DRIVER TOWARD CONTINUOUS IMPROVEMENT 11 3.14 3.09 2.90 2.47 2.37 2.23 2021 2022 2023 YTD* Coal Industry Average TRIR Alpha TRIR Total Reportable Incident Rate (TRIR) 2.35 2.20 2.10 1.71 1.05 1.36 2021 2022 2023 YTD* Coal Industry Average NFDL Alpha
Slide 12: Alpha's Leadership Team Prioritizes Long-Term Strength of the Business
November 2023 ALPHA’S LEADERSHIP TEAM PRIORITIZES LONG-TERM STRENGTH OF THE BUSINESS 12
Slide 13: Conclusion - Alpha Positioned for Continued Success
November 2023 CONCLUSION – ALPHA POSITIONED FOR CONTINUED SUCCESS 13
Slide 14: Appendix
We. 11 STH =F- T il Bal i AALPHA i ™~ METALLURGICAL RESOURCES. APPENDIX
Slide 15: 2023 and 2024 Guidance
November 2023 2023 Guidance 2024 Guidance Shipments (million tons) Low High Low High Metallurgical 14.8 15.2 15.5 16.5 Non-Metallurgical Byproduct 1.0 1.4 0.9 1.3 Met Segment 15.8 16.6 All Other 0.5 0.7 Total Shipments 16.3 17.3 16.4 17.8 Committed / Priced Volumes(1)(2)(3) % Committed Average Price
Slide 16: Federal Net Operating Losses (NOL) and Usage Limitations
November 2023 FEDERAL NET OPERATING LOSSES (NOL) AND USAGE LIMITATIONS 16 US $ millions (1) The 2023 estimated NOL deduction available for utilization is limited by previous ownership changes under Section 382. The Section 382 annual base limitations are $1.0 million for the 2015 NOL and $17.5 milli
Slide 17: Projected Future Cash Outflows
November 2023 PROJECTED FUTURE CASH OUTFLOWS 17 Cash Outlays (US$ millions) 2023E 2024E 2025E 2026E Acquisition Related Obligations $0.5 $ -- $ -- $ -- Contingent Revenue Obligations (1) 3.2 -- -- -- Reorganization & Transaction-related Cash Outlays $3.7 $-- $-- $-- Asset Retirement Obligations (2)
Slide 18: AMR Share Count Information
November 2023 AMR SHARE COUNT INFORMATION 18 Basic Share Count (March 9, 2022 – October 27, 2023)* * Does not include potential dilutive effect of unvested equity awards (272,833), net of share settling for exercise/vesting costs. 18,580,143 13,283,594 615,833 183,875 6,096,257 0 5,000,000 10,000,00
Alpha Metallurgical Resources — Investor Presentation (November 2023) on 6ix