Warrior Met Coal, Inc. · NYSE:HCC

Warrior Met Coal — Q1 2021 Earnings Presentation

14 slides from Warrior Met Coal's earnings presentation, May 5, 2021

  1. Slide 1: First Quarter 2021 Results

    First Quarter 2021 Results May 5, 2021

  2. 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

  3. Slide 3: COVID-19: Initiatives to Protect, Preserve, Recover

    Wa rri o r Met C o a l Page 2 COVID-19: Initiatives to Protect, Preserve, Recover COVID-19 has had an unprecedented impact on our business, adversely affecting the economies and financial markets of many countries, including those of our customers, which are primarily located in Europe, South Americ

  4. Slide 4: First Quarter 2021 Achievements

    Wa rri o r Met C o a l Page 3 First Quarter 2021 Achievements  Achieved sales volume of 2.0 million short tons (“St”) and our second 1 lowest quarterly cash cost of sales (free-on-board port)* per St of $78.64 since going public Continued to successfully implement social distancing procedures under

  5. Slide 5: Key Metrics for Q1 2021 vs. Q1 2020

    Wa rri o r Met C o a l Page 4 Key Metrics for Q1 2021 vs. Q1 2020 Q1 2021 Q1 2020 % Change Tons produced (in 000s St) 2,172 Tons produced (in 000s St) 2,099 3% Tons sold (in 000s St) 1,952 Tons sold (in 000s St) 1,814 8% Gross price realization (1) 95% Gross price realization (1) 89% 6% Average net

  6. 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 trailing twelve months ended March 31, 2021) Adjusted EBITDA* $93.4 Consolidated Net Debt* (1) $222.5 Net Leverage Ratio (2) 2.38x Liquidity (as of March 31, 2021) Cash and Cash Equi

  7. 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) (9%) 5% 8% 13% 50% 29% 30.0% 27.4% 25.0% COVID-19 Pandemic Impacted 22.1% 20.0% 15.0% 12.4% 12.1% 10.0% 9.3% 5.0% 4.3% 0.0% Q1 2020 Q

  8. Slide 8: Production Overview

    Wa rri o r Met C o a l Page 7 Production Overview Tons Produced (thousand short tons) Longwall moves - 2 1 1 1 2,500 COVID-19 Pandemic Impacted 2,116 2,172 2,099 2,000 1,887 549 1,760 625 596 493 1,500 518 1,000 1,503 1,567 1,547 1,394 1,242 500 – Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 No. 7 Mine N

  9. Slide 9: Appendix

    Wa rri o r Met C o a l Page 8 Appendix

  10. Slide 10: Appendix

    Wa rri o r Met C o a l Page 9 Appendix For the three months ended For the three months ended March 31, 2021 (Unaudited) March 31, 2020 (Unaudited) Short Tons Metric Tons Short Tons Metric Tons Tons sold (in 000s) 1,952 1,771 1,814 1,646 Tons produced (in 000s) 2,172 1,970 2,099 1,904 Gross price rea

  11. Slide 11: Non-GAAP Financial Measures: Reconciliation of Adjusted EBITDA

    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 March 31, (Unaudited) (in thousands) 2021 2020 Net (loss) income $ (21,355) $ 21,545 Interest expense, net 8,693 7,533 Income tax expen

  12. Slide 12: Non-GAAP Financial Measures: Reconciliation of Free Cash Flow

    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 March 31, (Unaudited) (in thousands) 2021 2020 Net cash provided by operating activities $ 45,222 $ 21,022 Purchases of property, plant and

  13. Slide 13: Non-GAAP Financial Measures: Reconciliation of Adjusted Net (Loss) Income

    W ar r ior Met Coal Page 12 Appendix Non-GAAP Financial Measures Reconciliation of Adjusted Net (Loss) Income to Amounts Reported Under U.S. GAAP For the three months ended March 31, (Unaudited) (in thousands) 2021 2020 Net (loss) income $ (21,355) $ 21,545 Alabama state income tax valuation allowan

  14. Slide 14: Non-GAAP Financial Measures: Reconciliation of Cash Cost of Sales

    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 March 31, (Unaudited) (in thousands) 2021 2020 Cost of sales $ 154,350 $ 151,514 Asset retirement obligation

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