Investor Presentation
Financial Highlights
⑆CORSA
RS,
TSX-V: CSO | OTCQX: CRSXF
Total Year Total Year
Total Year
2019
2020
2021
Q1
2022
Q2 Q3 Q4
2022 2022 2022
Total Year
2022
Q1 Q2 Q3 Q4 Total Year
2023 2023 2023 2023 2023
Revenues ($ million)
$232.1
$128.5
$131.5
$38.8 $42.3 $45.9 $38.9
$165.9
$47.9 $55.3 $51.1 $42.8 $197.1
Adjusted EBITDA (¹) ($ million)
$28.9
$4.4
$9.0
$3.0
$5.0 $1.3
-$2.2
$7.1
$7.1 $14.4 $6.1 $0.5
$28.1
Capital Expenditures - Maintenance ($ million)
$7.6
$1.6
$7.9
$0.5
$1.4 $1.0 $2.1
$5.0
$1.0 $0.8 $1.5 $2.6
$5.9
Capital Expenditures - Growth ($ million)
-$0.2
$0.3
$0.8
$0.1 $0.1 $0.0
$0.1
$0.2
$0.5 $0.0 $0.1 $0.2
$0.9
Metallurgical Coal Sales
Average Realized Price / Metallurgical Ton Sold (1)
$103.76
$81.77
$105.81
$155.94 $164.73 $158.39 $152.48
$158.03
$174.84 $175.61 $161.70 $169.94
$170.32
Sales Volumes (short tons)
Company Produced Tons
1,301,244
1,199,034
1,058,575
201,325 204,215 230,260 192,442
828,242
235,345 274,413 269,197 211,359
990,314
Corsa Value Added Services Tons
250,638
35,933
63,474
28,923 36,568 37,786 28,445
131,722
14,920 20,096 32,736 23,513 91,265
Sales & Trading Tons
281,471
137,023
15,971
0
0
0
0
0
0
0
0
0
Total Metallurgical Coal Tons Sold
1,833,353
1,371,990
1,138,020
230,248 240,783 268,046 220,887
959,964
250,265 294,509 301,933 234,872 1,081,579
Cash Cost/Metallurgical Ton Sold (1)
Cash Production Cost Per Ton Sold (2)
$79.38
$71.24
$87.07
$132.22 $123.82 $136.95 $143.51
$134.07
$130.07 $114.04 $127.72 $149.75 $129.19
Cash Cost per Ton Sold
$82.07
$72.35
$90.50
$133.63 $133.21 $141.86 $144.98
$138.44
$132.51 $115.68 $129.25 $150.50
$130.92
Cash Margin per Metallurgical Ton Sold (1)
$21.69
$9.42
$15.31
$22.31 $31.52 $16.53 $7.50
$19.59
$42.33 $59.93 $32.45 $19.44
$39.40
(1)
This is a non-GAAP measure. See slide 2.
(2)
Excludes Purchased Coal
Source: Company filing.
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