Executive Summary CONSOL Energy Inc. Debt repayment of 53 million in 1Q20. Spent 25 million to retire 43 million of Second Lien Notes at a significant discount to its par value. Net leverage ratio(1) at 3/31/20 of 1.7x and…
CEIX Debt/Equity Repurchases CEIX Repurchase Program Authorization(1) Cumulative Repurchases Remaining Availability Repurchase authorization increased to an 270 aggregate amount of 270MM. Current availability now sits at 101MM.…
Shrinking Access to Capital Strengthens Existing Production Capital Market Access Coal Debt Equity 25 64.4 billion capital raised 2014 2019. 20 18.6 Debt = 45.1 billion Transaction Value (B) Equity = 19.3 billion 6.2 14.3…
Coal Supply Rationalization Supply rationalization is happening in the domestic and global markets. As of May 2020, DTC estimates that domestic coal production cutbacks were approximately 24 million tons since the start of 2019,…
Global Coal Supply at Risk Wood Mackenzie estimates that, at current spot prices, approximately 36% of total seaborne coal production would have a negative cash margin. The thermal coal market accounts for 440 million tonnes of…
Export Sales Continue to Play Vital Role for CONSOL Established a new longwall at Ramped up exports in Reduced exports and Harvey Mine in 2014, thereby Sold 3.6 million export deemphasized met response to continued increasing…
Strong Contracted Position Supported by Diversified Customer Base Blue-chip customers(1) Limited volume at risk due to announced power plant retirements 2018 domestic power plant shipments by unit retirement status Announced Coal…
Proven Contracting Strategy and Tier 1 Asset Base Reduces Earnings Volatility Stable Pricing Profile(1) CEIX Average Revenue Per Ton Domestic NAPP Coal Average Prompt Month API 2 Spot Average PJM Western Hub Around-The-Clock 160…
First Quarter 2020 Results For the Quarter Ended Guidanc Earnings Results March March 31, 2020 31, 2019 Change Pennsylvania Mining Complex Volumes (MM Tons) Production 6.0 6.8 (0.8) Sales 5.9 6.7 (0.8) Operating Metrics (/Ton)…
Leverage and Liquidity Analysis Adjusted Method Bank Method CEIX Financial Metrics (MM except ratios) LTM 3/31/2020 LTM 3/31/2020 Leverage EBITDA(1)(2) 350 280 Consolidated Net Debt(3) 609 609 Net Leverage Ratio(1) 1.7x 2.2x…
CEIX Balance Sheet Legacy Liabilities Significant legacy liability reductions over the past three years Legacy liabilities Balance Sheet Cash Servicing (mm) Value Cost The OPEB liability decreased 9 million from 2018 to 2019.…
Exemplifying Our Commitment to Continuous Improvement with Bettercoal CONSOL Committed to Become a Bettercoal Supplier Bettercoal is a global organization that was established by major coal buyers.(1) Seeks to advance the continuous…
Appendix 15
CEIX Adjusted EBITDA & Organic Free Cash Flow Net to CEIX Shareholders Reconciliations EBITDA Reconciliation LTM 1Q20 1Q19 3/31/2020 Net Income 2.5 20.3 75.7 Plus: Interest Expense, net 15.7 18.6 63.5 Interest Income (0.2) (0.9)…
CCR Adjusted EBITDA & Organic Free Cash Flow Reconciliations Adjusted EBITDA Reconciliation 1Q20 1Q19 Net Income 0.2 15.2 Plus: Interest Expense, Net 2.2 1.4 Depreciation, Depletion and Amortization 11.9 11.2 EBITDA 14.2 27.8…
CEIX Net Leverage Ratio Reconciliations CEIX Net Leverage Ratio Reconciliations Adjusted Method Bank Method LTM 3/31/2020 LTM 3/31/2020 Net Income 76 76 Plus: Interest Expense, net 64 64 Interest Income (2) (2) Income Tax Expense…
CCR Net Leverage Ratio Reconciliation CCR Net Leverage Ratio Reconciliation LTM 3/31/2020 Net Income 30.5 Plus: Interest Expense, Net 7.4 Depreciation, Depletion and Amortization 46.5 Unit-Based Compensation 1.2 Non-Cash…
Average Cash Margin and Average Cost per Ton Sold Reconciliations (MM except per ton data) 1Q20 1Q19 Total Coal Revenue 255 333 Operating and Other Costs 212 230 Less: Other Costs (Non-Production) (21) (31) Total Cash Cost of Coal…
CMT Adjusted EBITDA Reconciliation CMT EBITDA Reconciliation 1Q20 1Q19 Net Income 7.5 9.2 Plus: Interest Expense, net 1.5 1.5 Depreciation, Depletion and Amortization 1.3 0.9 EBITDA 10.3 11.7 Plus: Stock/Unit-Based…
Loading...
