Investor Presentaiton
CORE: DIVIDEND CALCULATION AND ANALYSIS
Forecasted dividend based on 20% payout of total income*
CORE Cash Available (1)
RAMACO
RESOURCES
2022
2023E
$28.2
$42.4
20% of Cash Available for Dividend (2)
$5.6
$8.5
Number of Class B Common Shares Outstanding (3)
9.4
9.4
Dividend Per Share of METCB
$0.60
$0.91
(*) Dividends on our Class B common stock are subject to Board discretion and may fluctuate materially quarter to quarter. We cannot guarantee that we will be able to pay dividends
in the future or what the actual dividends will be for any future periods. (1) Represents 12-month basis. Detail can be found in S-1/A as filed with the U.S. Securities and Exchange
Commission on 6/8/23. (2) The METCB cash distribution will be paid quarterly and initially represents 20% of CORE's cash available. (3) 0.2 shares distributed to METC shareholders on
June 21, 2023.
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