Investor Presentaiton
2023 RAMACO RESOURCES GUIDANCE
RAMACO
RESOURCES
Full-Year
Full-Year
Committed 2023 Sales Volume(f)
Volume
Avg Price
2023 Guidance
2022
(In millions, except per ton amounts)
Company Production (tons)
Elk Creek Mining Complex
2,200 - 2,400
2,033
Berwind & Knox Creek Mining Complex
900 -1,200
651
Total
3,100 - 3,600
2,684
North America, fixed priced
Seaborne, fixed priced
1.2
0.7
SA
SA
Total, fixed price
1.9
+A
$
196
200
197
Sales (tons)
(a)
3,300 - 3,800
2,450
Indexed price
0.8
Total committed tons
2.7
Cash Costs Per Ton - Company Produced (b)
SA
97-103 $
105
Other
Capital Expenditures (c
(d)
Selling, general and administrative expense
Depreciation, depletion and amortization expense
Interest expense, net
Effective tax rate
Cash tax rate
Berwind Idle Costs
AA
SA
$
65,000 80,000
123,012
$
34,000 37,000 $
31,810
+A
$
48,000 - 52,000
$
41,194
9,000 10,000 $
6,829
20-25%
5-10%
22%
11%
+A
$
3,000 $
9,474
(a) All 2023 guidance is as of May 3, 2023, when the Company reported first quarter of 2023 earnings. Guidance includes a small amount of purchased coal; (b) Adjusted to include the
royalty savings from the Ramaco Coal transaction for 2022. Excludes Berwind idle costs; (c) Excludes Ramaco Coal and Maben purchase price; (d) Excludes stock-based compensation;
(e) Normalized, to exclude discrete items.; (f) Amounts as of March 31, 2023, and includes a small amount of purchased coal. Totals may not add value to rounding.
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