Executive Summary Itmann growth project remains on track with start-up expected in 2H22. PAMC shipments increase to 6.5 million tons; PAMC volumes near-fully contracted in 2022 and 16.3 million tons contracted in 2023. 1Q22 free…
ESG and Sustainability are Drivers for Our Business CONSOL is Deploying Industry Leading ESG Practices to: Continuously improve performance, in alignment with our core values. Proactively manage risks and opportunities related to…
Forward Progress Sustainability Initiative: A Natural Progression Upon becoming an independent company in 2017, we prioritized ESG and have since developed our cross-functional Forward Progress sustainability initiative to build on that…
Itmann Accelerates Growth/Diversification Location Wyoming County, WV Estimated capacity: 900,000+ tons/year (3 CM sections) Capacity 3rd party processing capacity of 750K to 1MM product tons 20+ million tons life-of-mine…
Industry Outlook Continues to Improve as Supply Response Remains Limited Apr 2022 Forecast Apr 2021 Forecast U.S. Coal Consumption Estimate U.S. Coal Production Estimate 621 585 602 560 578 546 558 539 539 535 MM Tons…
Geopolitical Tension Creating Energy Security Doubts and Reevaluation of Transition Plans After the EUs Russia coal ban, Germany grapples with oil and gas -4/11/2022 Coal not taboo as EU seeks Russian gas exit -3/3/2022…
Recent Steps to Enhance Financial Flexibility 1 Ongoing opportunistic debt and equity repurchase program Clear Path Cost containment measures driving margin expansion, despite to Further 2 inflationary pressures…
CEIX Debt/Equity Repurchases CEIX Second Lien and Share Repurchase Program Authorization(1) Cumulative Repurchases Remaining Availability Current availability sits at 101MM. Excludes finance lease and asset-backed financing principal…
CEIX Balance Sheet Legacy Liabilities Significant legacy liability reductions over the past three years Legacy Liabilities Balance Cash Servicing (mm) Sheet Value Cost The OPEB liability decreased 60 million from 2020 to 2021. LTM…
1Q22 Results and Full Year 2022 Guidance For the Quarter Ended Guidance Earnings Results March 31, March 31, (3) 2022 2022 2021 Change Pennsylvania Mining Complex Volumes (MM Tons) Production 6.4 7.0 (0.6) Sales 6.5 6.9 (0.4)…
Leverage and Liquidity Analysis CEIX Financial Metrics (MM except ratios) LTM 3/31/2022 Leverage Bank EBITDA(1) 404 Consolidated Net Debt(2) 399 Net Leverage Ratio (1) 0.99x Liquidity (as of 3/31/2022) Cash and Cash Equivalents…
Appendix 15
Adjusted EBITDA & Free Cash Flow Reconciliations Adjusted EBITDA Reconciliation (MM) 1Q22 1Q21 Net (Loss) Income (4.5) 26.4 Plus: Interest Expense, net 14.4 15.3 Interest Income (1.3) (0.9) Income Tax (Benefit) Expense (3.5) 5.2…
Net Leverage, Bank EBITDA and Consolidated Net Debt Reconciliations Net Leverage Ratio Reconciliation Bank Method (LTM) (MM except ratios) 1Q22 4Q21 3Q21 2Q21 1Q21 4Q20 3Q20 2Q20 1Q20 4Q19 3Q19 2Q19 1Q19 Net Income (Loss) 3 34 (68) 36…
Average Realized Coal Revenue per Ton Sold, Average Margin per Ton Sold and Average Cash Margin per Ton Sold Reconciliations (MM except per ton data) 1Q22 1Q21 Total Coal Revenue (PAMC Segment) 473 284 Add: Realized Loss on…
Average Cash Cost of Coal Sold Per Ton Reconciliations (MM except per ton data) 1Q22 1Q21 Total Costs and Expenses 367 311 Less: Freight Expense (38) (27) Less: Selling, General and Administrative Costs (37) (24) Less: (Loss)…
CONSOL Marine Terminal Adjusted EBITDA and CMT Operating Cash Costs Reconciliations CMT EBITDA Reconciliation (MM) 1Q22 1Q21 Net Income 11.6 9.1 Plus: Interest Expense, net 1.5 1.5 Depreciation, Depletion and Amortization 1.2…
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