U.S. Coal Demand and Peabody Strategic Overview
U.S. Operations: PRB Adjusted EBITDA Margins
Routinely Superior to Other PRB Coal Companies
25%
Adjusted EBITDA Margin
of PRB Producers
(2014-2017 Average)
21%
17%
Peer Avg.
11%
Consistently delivers Adjusted
EBITDA margins superior
to other PRB producers
-
56% higher Adjusted EBITDA
margins than average of
other PRB coal producers
Lowest-cost producer
• Well-capitalized reserve
position through prior reserve
acquisitions
BTU
Peabody
-
No new LBAs required
for nearly a decade
Source: Public company reports. Other PRB producers include Alpha Natural Resources / Contura (through Sept. 30, 2017),
Arch, and Cloud Peak (listed in alphabetical order). Adjusted EBITDA margin is a non-GAAP measure and may not be
calculated identically by all companies. Please refer to the appendix for information on this non-GAAP measure.
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