U.S. Coal Demand and Peabody Strategic Overview

Australia Spotlight: Advancing New Longwall at North Goonyella, Underwriting Double Digit Met Volumes New CAT Longwall Payback begins in 2018, nearly a year in advance of commencement Peabody • New longwall expected to replace current longwall system in 2019 New longwall offers several benefits: - - - Avoids lease payments/buyout Reduces longwall downtime in 2018, 2019 Transitioning to higher-quality coal panels in 2019 Limits timing, amount of repairs of new longwall once in commission 16

View entire presentation