U.S. Coal Demand and Peabody Strategic Overview
First Quarter 2018 Reflects Multiple Achievements
• Increased volumes, revenues and
Adjusted EBITDA over prior year
• Improved total liquidity $409
million to $1.65 billion at
quarter end
• Generated record free
cash flow of $573 million
• Released $254 million of collateral
• Simplified capital structure with
conversion of preferred shares
• Accelerated share buyback
activities
PROGRESS CONTINUES
IN APRIL
Expanded share
repurchase
program to
$1.0 billion
Reduced interest
rate and extended
maturity
of term loan
Achieved higher
end of targeted
long-term
debt level
• Initiated quarterly dividend
Peabody
Note: Adjusted EBITDA and free cash flow are non-GAAP metrics. Refer to the reconciliation to the nearest GAAP
measures in the appendix.
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