Investor Presentaiton
RAMACO TRACK RECORD OF PERFORMANCE
Strong 5-year track record of consistent execution
Since initial production
began in 2017, METC has
consistently executed on
its plan to grow production
and generate strong free
cash flow conversion
which can be distributed
to shareholders.
Total coal production (in millions of tons)
2.7
2.2
1.9
1.8
1.7
Coal production has grown to
2.7MM tons in 2022 from 0.5MM
10 tons in 2017, with a target of
الله
6.5MM tons by 2026.
Adjusted EBITDA has grown
meaningfully in recent years on
increased volumes and favorable
pricing.
METC has invested significant
growth capex in recent years,
which should allow for strong
FCF conversion as production
ramps and capex declines.
Revenue (in $MM)
RAMACO
$283
$228
$230
$169
RESOURCES
$508
2018
2019
2020
2021
2022
2018
2019
2020
2021
2022
Adjusted EBITDA¹ (in $MM)
$79
$55
$42
$19
$205
Adjusted EBITDA¹ less Capex (in $MM)
$10
$50
$82
($6)
2018
2019
2020
2021
2022
2018
2019
($6)
2020
2021
2022
(1) See "Reconciliation of Non-GAAP Measures" in the Appendix.
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