Executive Summary Continuing Following the Play Book Pennsylvania Mining Complex Contracted 2H20 export volumes (3.65 MTs) to provide stronger revenue visibility in 2020. CONSOL Energy, Inc. Reported 1Q19 Adjusted EPS and Adjusted…
First Quarter Results and 2019 Guidance For the Quarter Ended Guidance Earnings Results March March CEIX CCR (6) 31, 2019 31, 2018 Change 2019 2019(6) Pennsylvania Mining Complex Volumes (MM Tons) Production 6.8 6.7 0.1 Sales 6.7…
CEIX Debt Repayment/Lower Cost of Capital/Equity Purchase Update Debt Repayment CEIX Equity Purchases CCR Equity Purchases 117 26 23 18 8 6 1 2 1 16MM 7MM 1Q18 2Q18 3Q18 4Q18 1Q19 Reduced total debt by 100 million during…
Leverage and Liquidity Analysis Further Debt Repayment Coming Adjusted Method Bank Method CEIX Financial Metrics (MM except ratios) LTM 3/31/2019 LTM 3/31/2019 Leverage EBITDA(1)(2) 453 363 Consolidated Net Debt(3) 620 620 Net…
PAMC: Exceptional Cash Generation in Different Parts of the Commodity Cycle Exceptional cash generation throughout the cycle(1) PAMC Adjusted EBITDA - Capex PAMC Capex Average Revenue (per ton sold) 61.88 56.36 49.28 48.43 45.52…
Itmann Project Overview Location Wyoming County, WV Estimated capacity: 600,000+ tons/year Production (3 CM sections) Capacity Full production expected by 2021 18+ million tons life-of-mine production Mine Life 25 years of…
Solid Global Coal-Fired Generation Capacity Growth Continues Historical and forward API 2 prices 120 Layered multi-year export contracts 100 /tonne cif ARA 80 60 and while futures have API 2 more-than doubled in declined…
1st Quartile Global Cost Position Enables Strong Seaborne Growth 1st quartile position among global thermal coal production (2018) (1) (Cash costs per tonne) Thermal Coal Exports PAMC US Appalachia US Illinois Basin US Powder River…
Solid Gas Export & Sea-Change in Domestic Production Growth Pace LNG export demand has been positive supported by increased export capacity EIAs upward revisions to export demand U.S. liquefied natural gas export capacity: 2016 2021,…
CEIX Balance Sheet Legacy Liabilities, Manageable and Declining Significant legacy liability reductions over past three years Balance Sheet Cash Servicing Legacy liabilities Value Cost The impact of administrative changes in 2016 &…
Return on Capital Highlights the Need for Rising Commodity Prices The goal is to raise CEIXs Return on Capital(1) over time while lowering its WACC. Focused on margins and corporate returns instead of just growth. Low production…
Appendix 14
CEIX Adjusted EBITDA & Organic Free Cash Flow Net to CEIX Shareholders Reconciliations EBITDA Reconciliation 1Q19 1Q18 Net Income 20.3 71.0 Plus: Interest Expense, net 18.6 21.0 Interest Income (0.9) (0.6) Income Tax (Benefit)…
CCR Adjusted EBITDA & Organic Free Cash Flow Reconciliations EBITDA Reconciliation 1Q19 1Q18 Net Income 15.2 22.0 Plus: Interest Expense, Net 1.4 2.0 Depreciation, Depletion and Amortization 11.2 10.8 EBITDA 27.8 34.7 Plus:…
CEIX Net Leverage Ratio Reconciliations CEIX Net Leverage Ratio Reconciliations Adjusted Method Bank Method LTM 3/31/2019 LTM 3/31/2019 Net Income 128 128 Plus: Interest Expense, net 81 81 Interest Income (2) (2) Income Tax…
CEIX Return on Capital Reconciliation CEIX Return on Capital Reconciliation LTM 3/31/2019 Net Income 128 Plus: Interest Expense, net 81 Interest Income (2) Income Tax Expense 2 EBIT 209 Add: Legacy Liability Payments 73 Add:…
CCR Leverage Ratio Reconciliation CCR Net Leverage Ratio Reconciliation LTM 3/31/2019 Net Income 59.8 Plus: Interest Expense, net 6.1 Depreciation, Depletion and Amortization 45.1 Unit-Based Compensation 1.9 Cash Payments for…
Adjusted Net Income and Adjusted Dilutive EPS Reconciliations (MM except per share data) 1Q19 1Q18 Net Income 20 71 Plus: Loss on Debt Extinguishment related to Refinancing 19 - Plus: Tax Benefit of Adjustments to Net Income 0 -…
Average Cash Margin and Average Cost per Ton Sold Reconciliations (MM except per ton data) 1Q19 1Q18 Total Coal Revenue 333 351 Operating and Other Costs 230 230 Less: Other Costs (Non-Production) (31) (37) Total Cash Cost of Coal…
PAMC and CMT Adjusted EBITDA Reconciliation PAMC EBITDA Reconciliation Years Ended 2014 2015 2016 2017 2018 LTM 3/31/2019 Earnings before Income Taxes 431 405 131 189 291 257 Plus: Interest Expense, net - 3 9 10 - - Depreciation,…
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