Warrior Met Coal, Inc. · NYSE:HCC
Warrior Met Coal — Q2 2021 Earnings Presentation
14 slides from Warrior Met Coal's earnings presentation, Aug 4, 2021
Slide 1: Second Quarter 2021 Results
Second Quarter 2021 Results August 4, 2021
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: Second Quarter 2021 Achievements
Wa rri o r Met C o a l Page 2 Second Quarter 2021 Achievements 1 Achieved sales volume of 1.8 million short tons (“St”) and cash cost of sales (free-on-board port)* per St of $83 2 Achieved production volume of 1.2 million St with smaller workforce 3 Delivered free cash flow* of $53 million in a
Slide 4: Key Metrics for Q2 2021 vs. Q2 2020
Wa rri o r Met C o a l Page 3 Key Metrics for Q2 2021 vs. Q2 2020 Q2 2021 Q2 2020 % Change Tons produced (in 000s St) 1,195 Tons produced (in 000s St) 2,116 (44%) Tons sold (in 000s St) 1,822 Tons sold (in 000s St) 1,472 24% Gross price realization (1) 100% Gross price realization (1) 100% -% Averag
Slide 5: Key Metrics for Six Months Ended June 30, 2021 vs. 2020
Wa rri o r Met C o a l Page 4 Key Metrics for Six Months Ended June 30, 2021 vs. 2020 For the six months ended June 30, 2021 For the six months ended June 30, 2020 % Change Tons produced (in 000s St) 3,367 Tons produced (in 000s St) 4,215 (20%) Tons sold (in 000s St) 3,774 Tons sold (in 000s St) 3,2
Slide 6: Leverage and Liquidity Analysis
Wa rri o r Met C o a l Page 5 Leverage and Liquidity Analysis Financial Metrics ($MM except ratios) Leverage (for the trailing twelve months ended June 30, 2021) Adjusted EBITDA* $137.8 Consolidated Net Debt* (1) $177.5 Net Leverage Ratio (2) 1.3x Liquidity (as of June 30, 2021) Cash and Cash Equiva
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) 5% 8% 13% 50% 86% 59% 35.0% COVID-19 Pandemic Impacted 30.0% 28.7% 25.0% 22.1% UMWA Strike 20.0% 16.5% 15.0% 12.4% 10.0% 9.3% 5.0% 4.
Slide 8: Appendix
Wa rri o r Met C o a l Page 7 Appendix
Slide 9: Appendix: Three Months Ended June 30 Volumes and Prices
Wa rri o r Met C o a l Page 8 Appendix For the three months ended For the three months ended June 30, 2021 (Unaudited) June 30, 2020 (Unaudited) Short Tons Metric Tons Short Tons Metric Tons Tons sold (in 000s) 1,822 1,653 1,472 1,335 Tons produced (in 000s) 1,195 1,084 2,116 1,920 Gross price reali
Slide 10: Appendix: Six Months Ended June 30 Volumes and Prices
Wa rri o r Met C o a l Page 9 Appendix For the six months ended For the six months ended June 30, 2021 (Unaudited) June 30, 2020 (Unaudited) Short Tons Metric Tons Short Tons Metric Tons Tons sold (in 000s) 3,774 3,424 3,286 2,981 Tons produced (in 000s) 3,367 3,054 4,215 3,824 Gross price realizati
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 six months ened June 30, (Unaudited) June 30, (Unaudited) (in thousands) 2021 2020 2021 2020 Net (loss) income $ (4,681) $ (9,1
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 six months ened June 30, (Unaudited) June 30, (Unaudited) (in thousands) 2021 2020 2021 2020 Net cash provided by operating activit
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 six months ened June 30, (Unaudited) June 30, (Unaudited) (in thousands) 2021 2020 2021 2020 Net (loss) income $ (4,681
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 six months ened June 30, (Unaudited) June 30, (Unaudited) (in thousands) 2021 2020 2021 2020 Cost of