U.S. Coal Demand and Peabody Strategic Overview

Seaborne Coal Pricing Remains Robust on Strong Global Coal Conditions During First Quarter Seaborne Thermal Coal ●India seaborne demand up 21% due to utility stockpiles restocking and weak domestic production China imports rise nearly 16 million tonnes on ~10% increase in power consumption • ASEAN imports increase on strong economic growth and expanding coal generating capacity • Australian exports stable with prior year Seaborne Metallurgical Coal • Global steel production up 4% India imports increase 21% on strong steel production ⚫ China seaborne demand declines approximately 5 million tonnes • Australian exports in line. with prior year MARMARAS NAVIGATION Peabody 11 Note: All stats are compared to prior-year period.

View entire presentation