U.S. Coal Demand and Peabody Strategic Overview
Peabody Outperforms S&P MidCap 400
on Multiple Investor Comps
Peabody
S&P 400
BTU vs. S&P
400
Operating Margin
17%
9%
84%
Adjusted EBITDA Margin
26%
14%
88%
Profit Margin
16%
6%
175%
Return on Common Equity
22%
10%
126%
Focused on Earning Improved Multiple With Strong Performance,
Disciplined Capital Allocation, Healthy Returns Above Cost of Capital
Peabody
Note: Operating Margin, Adjusted EBITDA Margin, Profit Margin and Return on Common Equity are non-GAAP metrics.
As presented on this slide, these metrics reflect the successor company's average results for the period April 2, 2017
through March 31, 2018 and the 2017 average for S&P MidCap 400. Refer to the reconciliation to the nearest GAAP
measures in the appendix. While the company believes BTU qualifies for the S&P MidCap 400, Peabody is not currently
a member of the index. Source: Bloomberg.
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