Alpha Metallurgical Resources, Inc. · NYSE:AMR
Alpha Metallurgical Resources — Investor Presentation (February 2023)
18 slides from Alpha Metallurgical Resources's investor presentation, Feb 23, 2023
Slide 1: Metallurgical Resources Investor Presentation
METALLURGICAL RESOURCES INVESTOR PRESENTATION
Slide 2: Forward Looking Statements
February 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
February 2023 ALPHA SAFELY PRODUCES A CRITICAL PRODUCT USED IN BUILDING MODERN SOCIETY 3
Slide 4: India has accounted for ~33% of Alpha's export sales over the past 5 years
February 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 80 220 100 140 120 340 160 180 240 260 320 360 280 300 380 20 26 20 30 20 24 20
Slide 5: Alpha at a Glance - Select Numerical Highlights
February 2023 ALPHA AT A GLANCE - SELECT NUMERICAL HIGHLIGHTS 5 Note: Metrics as of 12/31/22 unless otherwise noted. See slide 7 for map of specific countries that received Alpha coal. See slide 8 for list of mines and preparation plants. Trees planted data and acres reclaimed data since 2016. *Domi
Slide 6: Alpha Positioned to Deliver Long Term Value
February 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
February 2023 7 81% 19% 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 Revenue Mix (2) (1) Source: Energy Ventures Analysis Coal Production Report. (2) For full-year 2022 shipments. 21% 79% 100
Slide 8: Diversified Mine Portfolio Provides Optionality and Longevity
February 2023 DIVERSIFIED MINE PORTFOLIO PROVIDES OPTIONALITY AND LONGEVITY 8 Note: As of 12/31/22. * Contractor mine ** Surface mine
Slide 9: Multi-Faceted Shareholder Value Creation
February 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
February 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 $33.5 Million* Carryover from 2022 $170
Slide 11: Safety Is Our Cultural Foundation and Driver Toward Continuous Improvement
February 2023 SAFETY IS OUR CULTURAL FOUNDATION AND DRIVER TOWARD CONTINUOUS IMPROVEMENT 11 3.01 3.14 3.153.22 2.47 2.43 2020 2021 2022 YTD* Coal Industry Average TRIR Alpha TRIR Total Reportable Incident Rate (TRIR) 2.25 2.35 2.282.18 1.71 1.12 2020 2021 2022 YTD* Coal Industry Average NFDL Alpha N
Slide 12: Alpha's Leadership Team Prioritizes Long-Term Strength of the Business
February 2023 ALPHA’S LEADERSHIP TEAM PRIORITIZES LONG-TERM STRENGTH OF THE BUSINESS 12
Slide 13: Conclusion - Alpha Positioned for Continued Success
February 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 Guidance
February 2023 2023 GUIDANCE 15 (1) Based on committed and priced coal shipments as of February 14, 2023. Committed percentage based on the midpoint of shipment guidance range. (2) Actual average per-ton realizations on committed and priced tons recognized in future periods may vary based on actual f
Slide 16: Federal Net Operating Losses (NOL) and Usage Limitations
February 2023 FEDERAL NET OPERATING LOSSES (NOL) AND USAGE LIMITATIONS 16 US $ millions Year Generated Year Expires Estimated Gross NOL Carryforward at 12/31/2022 Estimated NOL Deduction Available for Utilization in 2023 2015(1) 2035 $ 1,007.0 $ 1.0 2017(1) 2037 131.6 17.5 Total $1,138.6 $18.5 (1) T
Slide 17: Cash-Related Outflows Are Materially Decreasing
February 2023 CASH-RELATED OUTFLOWS ARE MATERIALLY DECREASING 17 Cash Outlays (US$ millions) 2023 2024 2025 2026 Acquisition Related Obligations $0.5 $ -- $ -- $ -- Contingent Revenue Obligations (1) 3.2 -- -- -- Reorganization & Transaction-related Cash Outlays $3.7 $-- $-- $-- Asset Retirement Obl
Slide 18: AMR Share Count Information
February 2023 AMR SHARE COUNT INFORMATION 18 18,580,143 15,326,644 470,503 99,161 3,823,163 Ending 1/31/23 Beginning 3/9/22 Warrant shares Equity Awards Repurchases Basic Share Count (March 9, 2022 – January 31, 2023)* * Does not include potential dilutive effect of unexercised warrant shares (162,2
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