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Q2 2015 Earnings Call – Suncoke Energy Inc.

Suncoke Energy Inc. · Jul 21, 2015 · 21 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. Q2 2015 Earnings Call – Suncoke Energy Inc. – slide 1
    SunCoke Energy, Inc. Q2 2015 Earnings, M&A Announcement Conference Call July 21, 2015
  2. Q2 2015 Earnings Call – Suncoke Energy Inc. – slide 2
    Management Perspective TM Delivered operating results in line with calendar year targets Significantly increased dividend, raising quarterly rate 100% SXCPs highly accretive Convent Marine Terminal acquisition expected to…
  3. Q2 2015 Earnings Call – Suncoke Energy Inc. – slide 3
    Q2 15 Overview TM Q2 2015 Earnings Overview Consol. Adj. EBITDA excluding one-time, ( in millions) Consolidated Earnings per Share (/share) non-cash items(2) down 10M vs. Q2 14 Adj. EBITDA(1) (diluted) Pull forward in timing of…
  4. Q2 2015 Earnings Call – Suncoke Energy Inc. – slide 4
    (1) Adjusted EBITDA Q2 14 to Q2 15 TM Consol. Adj. EBITDA, excluding one-time non-cash charges, down 10M ( in millions) 56.3 (2) (4.5) (4.1) 46.0 (4.0) (1.3) (0.9) (4) 12.6 (4.6M) Indiana Harbor 60.8 cost under-recovery,…
  5. Q2 2015 Earnings Call – Suncoke Energy Inc. – slide 5
    Domestic Coke Business Summary TM Below target improvement at Indiana Harbor and Granite City outage impacted Q2 results; however, reaffirm full year guidance Domestic Coke Production and Adjusted EBITDA Per Ton(1) Continued…
  6. Q2 2015 Earnings Call – Suncoke Energy Inc. – slide 6
    Liquidity Position TM Strong cash position and revolver capacity provide significant financial flexibility Attributable to SXCP 32.5 (14.2) 201.7 (4.9) (9.6) 26.4 (8.8M) Ongoing 165.4 (5.4M) Environmental & Expansion 12.6…
  7. Q2 2015 Earnings Call – Suncoke Energy Inc. – slide 7
    STRATEGIC UPDATES SXC Q2 2015 Earnings and M&A Announcements Call 7
  8. Q2 2015 Earnings Call – Suncoke Energy Inc. – slide 8
    SXCPs Convent Marine Terminal Acquisition TM SunCoke Energy Partners to acquire premier Illinois Basin coal export terminal for 412M Asset Overview Acquisition Highlights Large, efficient, well-capitalized Gulf Coast Provides…
  9. Q2 2015 Earnings Call – Suncoke Energy Inc. – slide 9
    Significant CF Generation From Convent Acquisition TM Convent acquisition highlights value of GP structure, generating estimated 16M of incremental cash flow to SXC in 2016 Pro-Forma w/ Pro-Forma w/ Standalone Standalone(3)…
  10. Q2 2015 Earnings Call – Suncoke Energy Inc. – slide 10
    Executing Capital Allocation Strategy TM Leveraging GP/LP structure and executing balanced capital allocation strategy Raised SXC dividend 100% to 0.15 per share, reflecting strategy to distribute significant portion of free cash…
  11. Q2 2015 Earnings Call – Suncoke Energy Inc. – slide 11
    SXC Investment Thesis TM Execution against long-term growth strategy and capital allocation initiatives has reinforced SXCs strong investment thesis Recent Value-Enhancing Actions Stable, Long-term Business Model SXCPs highly…
  12. Q2 2015 Earnings Call – Suncoke Energy Inc. – slide 12
    QUESTIONS SXC Q2 2015 Earnings and M&A Announcements Call 12
  13. Q2 2015 Earnings Call – Suncoke Energy Inc. – slide 13
    Investor Relations 630-824-1907 www.suncoke.com
  14. Q2 2015 Earnings Call – Suncoke Energy Inc. – slide 14
    APPENDIX SXC Q2 2015 Earnings and M&A Announcements Call 14
  15. Q2 2015 Earnings Call – Suncoke Energy Inc. – slide 15
    Definitions TM Adjusted EBITDA represents earnings before interest, taxes, depreciation, depletion and amortization (EBITDA) adjusted for impairments, coal rationalization costs, sales discounts, and interest, taxes, depreciation…
  16. Q2 2015 Earnings Call – Suncoke Energy Inc. – slide 16
    Consolidated Guidance Summary TM Reaffirm Full Year 2015 Adjusted EBITDA Guidance; Updated Cash Taxes and Capital Expenditures Guidance Metric 2015 Guidance Adjusted EBITDA(1) Consolidated 190 210 million Attributable to SXC…
  17. Q2 2015 Earnings Call – Suncoke Energy Inc. – slide 17
    Reconciliation to Adjusted EBITDA TM ( in millions) Q2 '15 Q1 '15 FY '14 Q4 '14 Q3 '14 Q2 '14 Q1 '14 Net cash provided by Operating activities 65.5 11.1 112.3 53.9 33.1 36.6 (11.3) Depreciation, depletion and amortization expense…
  18. Q2 2015 Earnings Call – Suncoke Energy Inc. – slide 18
    Reconciliation of Segment Adjusted EBITDA and Adjusted EBITDA per ton TM Reconciliation of Segment Adjusted EBITDA and Adjusted EBITDA per Ton Corporate, Domestic India Legacy Costs ( in millions, except per ton data) Coke…
  19. Q2 2015 Earnings Call – Suncoke Energy Inc. – slide 19
    2015E Guidance Reconciliation TM 2015E 2015E ( in millions) Low High Net Income 21 38 Income tax expense/(benefit) 5 10 Interest expense, net 66 64 Depreciation, depletion and amortization expense 94 94 Non recurring coal…
  20. Q2 2015 Earnings Call – Suncoke Energy Inc. – slide 20
    Balance Sheet & Debt Metrics TM (1) As of 6/30/2015 Balance SXC Attributable Attributable Consolidated to SXCP ( in millions) to SXC Cash 202 99 103 Revolver Capacity 398 250 149 Total Liquidity 600 349 251 Total Debt…
  21. Q2 2015 Earnings Call – Suncoke Energy Inc. – slide 21
    Capital Expenditures TM 2015 Expected CapEx ( in millions) SXC SXCP(1) Consolidated Ongoing(2) 31 20 51 Expansion 7 0 7 Environmental Project 0 22 22 Total CapEx (Consolidated) 38 42 80 (1) Represents SXCP capex on 100% basis,…

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