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May 2015 Investor Presentation – Cloud Peak Energy Inc.

Cloud Peak Energy Inc. · May 13, 2015 · 33 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. May 2015 Investor Presentation – Cloud Peak Energy Inc. – slide 1
    ANNUAL STOCKHOLDERS MEETING May 13, 2015
  2. May 2015 Investor Presentation – Cloud Peak Energy Inc. – slide 2
    Cloud Peak Energy 2 Company Overview One of the largest U.S. coal producers 2014 coal shipments from three Owned and Operated Mines of 85.9 million tons 2014 proven & probable reserves of 1.1 billion tons Only pure-play PRB coal…
  3. May 2015 Investor Presentation – Cloud Peak Energy Inc. – slide 3
    Low-Risk Surface Operations Highly productive, non-unionized workforce at all of our mines One of the best safety records in the industry Proportionately low, long-term operational liabilities Surface mining reduces liabilities…
  4. May 2015 Investor Presentation – Cloud Peak Energy Inc. – slide 4
    Good Safety Record Indicates Well-Run Operations Top Coal Producing Companies - 2013 Incident Rates (MSHA) 7.06 6.73 6.78 6.42 5.96 5.63 Full Year 2014 MSHA AIFR 0.79 4.65 4.72 4.38 4.15 3.77 3.16 2.83 2.41 1.96 1.64…
  5. May 2015 Investor Presentation – Cloud Peak Energy Inc. – slide 5
    Continued Execution of Consistent Business Strategy Solid Domestic Business in Best Positioned Basin Balance Sheet Management Secure Long-Term Export Opportunities Optimizing Near-Term Exports 5
  6. May 2015 Investor Presentation – Cloud Peak Energy Inc. – slide 6
    Challenging External Environment Low natural gas prices pressures volumes and pricing Low benchmark Newcastle prices Excessive regulations CSAPR impact is unclear (1) Utilities responding to MATS Uncertainty around proposed…
  7. May 2015 Investor Presentation – Cloud Peak Energy Inc. – slide 7
    Natural Gas Storage and Pricing Storage Pricing & Rig Count Storage levels are up 69% from historic 2015 has been consistently below lows last year, but about equal to the 5- 3.00/MMBTU Year Range Even with low prices natural gas…
  8. May 2015 Investor Presentation – Cloud Peak Energy Inc. – slide 8
    Natural Gas Storage and Pricing Storage Pricing and Rig Count Storage levels are up 65% from historic 2015 has been consistently below lows last year, but about equal to the 5- 3.00/MMBtu year range Even with low prices natural gas…
  9. May 2015 Investor Presentation – Cloud Peak Energy Inc. – slide 9
    EPA Summary CSAPR Ruling SO2 and NOx Regulations Reinstated January 2015, customers in Group 1 and 2 states have agreed to sulfur adjustments, customers in non-CSAPR states have pushed for no sulfur adjustment Potential beneficial…
  10. May 2015 Investor Presentation – Cloud Peak Energy Inc. – slide 10
    Strong Balance Sheet Strong liquidity and cash balance Low leverage (Debt to Adjusted EBITDA) No near-term maturities Liquidity & Obligations No Debt Maturities until 2019 (as of March 31, 2015) (in millions) (in millions) Cash…
  11. May 2015 Investor Presentation – Cloud Peak Energy Inc. – slide 11
    Export Strategy Secured Options Over Spring Creek Crow Strong Existing Port Potential Geographic Youngs Creek Exploration International Capacity at Future Port and Quality Project and Option Demand Westshore Capacity of up…
  12. May 2015 Investor Presentation – Cloud Peak Energy Inc. – slide 12
    U.S. And Asia Power Generation Growth 9000 8000 7000 6000 (terawatt hours) 5000 4000 3000 2000 1000 0 US Total Generation US Coal Fired Generation Asia Total Generation Asia Fossil Fuel Generation Source:…
  13. May 2015 Investor Presentation – Cloud Peak Energy Inc. – slide 13
    Total Asian Coal Generation Additions and Estimated Incremental Import Coal Demand Japan Approximately 150 GWs of 6.5 GW / new generation planned to S. Korea 15 MT come online by 2020 22 GW / 53 MT China projects 250 GWs of new…
  14. May 2015 Investor Presentation – Cloud Peak Energy Inc. – slide 14
    Spring Creek Complex Quality Advantage and Export Distance Higher Quality Product Location NPRB 4770-4850 Spring Creek Complex is closer to export terminals than SPRB mines SPRB 4544 Average Fewer bottlenecks in NPRB Indonesian…
  15. May 2015 Investor Presentation – Cloud Peak Energy Inc. – slide 15
    Spring Creek Complex Potential Development Options Tonnage Opportunities Youngs Creek Project 287M tons non-reserve coal deposits(1) Crow Project 1.4B in-place tons(2) subject to exercise of options (1) Non-reserve…
  16. May 2015 Investor Presentation – Cloud Peak Energy Inc. – slide 16
    Cloud Peak Energy Terminal Position Westshore Terminal Existing lowest cost, cape-size port Capesize vessels deep-water port 2012 expanded to 33 million tonnes total annual capacity In 2014, we increased the term and capacity of our…
  17. May 2015 Investor Presentation – Cloud Peak Energy Inc. – slide 17
    Continued Execution of Consistent Business Strategy Solid Domestic Business in Best Positioned Basin Balance Sheet Management Secure Long-Term Export Opportunities Optimizing Near-Term Exports 17
  18. May 2015 Investor Presentation – Cloud Peak Energy Inc. – slide 18
    ANNUAL STOCKHOLDERS MEETING May 13, 2015
  19. May 2015 Investor Presentation – Cloud Peak Energy Inc. – slide 19
    Appendix 19
  20. May 2015 Investor Presentation – Cloud Peak Energy Inc. – slide 20
    Average Cost of Produced Coal 2014 2013 2012 2011 2010 4% 5% 4% 6% 4% 5% 4% 5% 4% 4% 6% 6% 5% 6% 6% 37% 36% 12% 12% 40% 12% 41% 9% 13% 44% 14% 15% 14% 14% 15% 21% 20% 20% 18% 19% 10.19/ton 10.23/ton 9.57/ton 9.12/ton…
  21. May 2015 Investor Presentation – Cloud Peak Energy Inc. – slide 21
    Major Mine Equipment 1 dragline(1) 2 draglines 2 draglines Cordero Rojo Mine Spring Creek Mine Antelope Mine 8 shovels 7 shovels 4 shovels 22 830E haul 32 830E haul 12 830E haul trucks trucks trucks 15 930E haul 20…
  22. May 2015 Investor Presentation – Cloud Peak Energy Inc. – slide 22
    Operating Segments Owned and Operated Mines - mine site sales from our three owned and operated mines Key metrics: Tons sold Realized price per ton Cost of product sold per ton Logistics and Related Activities delivered sales from…
  23. May 2015 Investor Presentation – Cloud Peak Energy Inc. – slide 23
    Owned and Operated Mines Our Owned and Operated Mines segment comprises the results of mine site sales from our three owned and operated mines primarily to our domestic utility customers and also to our Logistics and Related Activities…
  24. May 2015 Investor Presentation – Cloud Peak Energy Inc. – slide 24
    Logistics and Related Activities Our Logistics and Related Activities segment comprises the results of our logistics and transportation services to our domestic and international customers. Q1 Q1 Full Year Full Year (in millions)…
  25. May 2015 Investor Presentation – Cloud Peak Energy Inc. – slide 25
    Statement of Operations Data (in millions, except per share amounts) Three Months Ended March 31, 2015 2014 Revenue 317.6 319.1 Operating income 8.0 16.1 Net income (loss) (4.7) (15.6) Earnings per common share Basic…
  26. May 2015 Investor Presentation – Cloud Peak Energy Inc. – slide 26
    Statement of Operations Data (in millions, except per share amounts) Year Ended December 31, 2014 2013 2012 2011 2010 Revenue 1,324.0 1,396.1 1,516.8 1,553.7 1,370.8 Operating income 131.8 112.4 241.9 250.5 211.9 Net income 79.0…
  27. May 2015 Investor Presentation – Cloud Peak Energy Inc. – slide 27
    Balance Sheet Data (in millions) March 31, December 31, 2015 2014 2013 2012 2011 2010 Cash, cash equivalents and investments 186.2 168.7 312.3 278.0 479.4 340.1 Restricted cash 6.5 2.0 71.2 182.1 Property, plant and…
  28. May 2015 Investor Presentation – Cloud Peak Energy Inc. – slide 28
    Reconciliation of Non-GAAP Measures Adjusted EBITDA (in millions) Three Months Ended Trailing Twelve March 31, Months Ended 2015 2014 March 31, 2015 Net income (loss) (4.7) (15.6) 89.9 Interest income (0.1) (0.2) Interest…
  29. May 2015 Investor Presentation – Cloud Peak Energy Inc. – slide 29
    Reconciliation of Non-GAAP Measures Adjusted EBITDA (in millions) Year Ended December 31, 2014 2013 2012 2011 2010 Net income 79.0 52.0 173.7 189.8 117.2 Interest income (0.3) (0.4) (1.1) (0.6) (0.6) Interest expense 77.2 41.7 36.3…
  30. May 2015 Investor Presentation – Cloud Peak Energy Inc. – slide 30
    Reconciliation of Non-GAAP Measures Adjusted EPS Three Months Ended March 31, 2015 2014 Diluted earnings per common share 0.08 (0.26) Tax agreement expense including tax impacts of IPO and Secondary Offering Derivative financial…
  31. May 2015 Investor Presentation – Cloud Peak Energy Inc. – slide 31
    Reconciliation of Non-GAAP Measures Adjusted EPS Year Ended December 31, 2014 2013 2012 2011 2010 Diluted earnings per common share attributable to controlling interest 1.29 0.85 2.85 3.13 1.06 Tax agreement (benefit) expense…
  32. May 2015 Investor Presentation – Cloud Peak Energy Inc. – slide 32
    Adjusted EBITDA by Segment Three Months Ended March 31, 2015 2014 Owned and Operated Mines Adjusted EBITDA 44.3 41.2 Depreciation and depletion (23.9) (26.4) Accretion (3.4) (3.0) Derivative financial instruments: Exclusion of…
  33. May 2015 Investor Presentation – Cloud Peak Energy Inc. – slide 33
    Other Data (in thousands) Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Year Year Year Year 2015 2014 2014 2014 2014 2013 2013 2013 2013 2014 2013 2012 2011 Tons sold Antelope Mine 9,003 9,035 8,239 8,085 8,288 7,945 7,952 7,371 8,086 33,647…

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