Warrior Met Coal, Inc. · NYSE:HCC
Warrior Met Coal — Shareholder Meeting (April 2024)
14 slides from Warrior Met Coal's shareholder meeting presentation, Apr 11, 2024
Slide 1: 2024 Annual Meeting Shareholder Engagement
2024 Annual Meeting Shareholder Engagement
Slide 2: Forward-looking Statements
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 Section 21E of the Securities Exchan
Slide 3: Board recommendations on 2024 Annual Meeting proposals
2024 Annual Meeting of Stockholders The Board recommends you vote FOR Proposal 6 to adopt a “proxy access” bylaw provision Assuming Proposal 6 receives majority support, our Board intends to take the necessary steps to adopt a proxy access bylaw provision during the six (6) months following the 2024
Slide 4: Board recommends vote AGAINST stockholder proposals 5, 7, 8 and 9
2024 Annual Meeting of Stockholders The Board of Directors recommends that you vote AGAINST stockholder proposals 5, 7, 8 and 9 PROPOSAL RECOMMENDATION REASON 8 “Golden Parachute” Severance Agreement Policy On February 9, 2024, the Board adopted a Policy Regarding Stockholder Approval of Future Seve
Slide 5: Warrior At a Glance
Alabama-based supplier to the global steel industry Focused solely on mining non-thermal metallurgical coal (“steelmaking coal”) OUR STRATEGY AND MARKET OUTLOOK 1100+ Employees We are a U.S.-based, environmentally, and socially minded supplier to the global steel industry Maximize profitable product
Slide 6: 2023 Financial Performance Highlights
2023 FINANCIAL PERFORMANCE HIGHLIGHTS $698.9M Adjusted EBITDA 41.7% Adjusted EBITDA margin 34% increase in sales volumes 21% increase in production volumes for the full year 2.5M short tons annual production at Mine 4, record high $701.1M of cash generated from operating activities during 2023 $478.
Slide 7: Workforce Productivity Consistently Achieving New Highs
Workforce Productivity Consistently Achieving New Highs (1) 1 short ton is equivalent to 0.907185 metric tons (2) MST means million short ton EFFICIENCY AND EFFECTIVENESS Driven by well capitalized mining operations and reevaluating and modifying work schedules
Slide 8: Significant Steelmaking Growth Opportunity in an Environmentally-Sustainable World
Significant Steelmaking Growth Opportunity in an Environmentally-Sustainable World Longwall scheduled to commence operations in 2026 Projected to increase annual production capacity by 60% Expected to provide access to one of the largest untouched metallurgical coal reserves in North America Will co
Slide 9: Experienced Board Oversees Growth Strategy
Experienced Board Oversees Growth Strategy 33% Directors are diverse by gender, race or ethnicity CEO EXPERIENCE J. Brett Harvey (Chairman) Former Chairman, CONSOL Energy Ana B. Amicarella CEO, Ethos Energy Walter J. Scheller, III CEO, Warrior Met Coal Lisa M. Schnorr Former SVP and Project Lead of
Slide 10: Independent Board Structure
Independent Board Structure 4 of 6 directors are independent Policy requiring Chair of the Board to be independent 100% independent key governance committees Regular executive sessions of independent directors Accountable to Stockholders Majority vote standard for annual Board elections Annual Say-o
Slide 11: Compensation Program Aligned with Shareholders
Compensation Program Aligned with Shareholders Performance-Based RSUs Base Salary Target Annual Incentive Time-Based RSUs 84% At Risk Performance-Based RSUs Base Salary Target Annual Incentive Time-Based RSUs 75% At Risk Predominantly At-Risk Target Compensation Mix Other NEOs Target Pay Mix CEO Tar
Slide 12: 2023 Compensation Program Incentivizes Progress on Strategic Priorities
2023 Compensation Program Incentivizes Progress on Strategic Priorities 2023 annual incentive payout (~170% of target) and performance RSUs earned for 2023 performance (~168% of target) supported by robust financial performance results and superior shareholder returns 2023 Annual Cash Incentive Fina
Slide 13: Supporting Our Team Members is a Strategic Priority
Supporting Our Team Members is a Strategic Priority Our team members are the cornerstone of our success and continuous investment in employees is a strategic priority. We adhere to labor laws and maintain a Human Rights Policy that protects and supports workers’ rights, including the right to unioni
Slide 14: Contact
Contact Kelli Gant Chief Administrative Officer, Warrior Met Coal, Inc. kelli.gant@warriormetcoal.com