U.S. Coal Demand and Peabody Strategic Overview
Return Cash to Shareholders - Cash Allocation Shifts from
Debt Repayment to Returning Cash to Shareholders in 2018
$300
Cash Allocation
($ in millions)
$200
$69
$107
Q3 2017
Q4 2017
$46
$239
YTD 2018
• Company repurchases 5.7
million shares in 2018
• Repurchases total
$400 million, 8% of shares
outstanding, since initiation.
of buyback program
-
Peabody now has
~125.8 million total
shares outstanding
• Expanding share repurchase
■Discretionary Debt Repayment Cash Returned to Shareholders
Peabody
program to $1 billion
Initiated and paid a
dividend in first quarter
Note: Cash to shareholders includes cash dividends and share repurchases through April 25, 2018. Percent of
shares repurchased based on 137.3 million shares outstanding as of relisting. Peabody's board of directors will
evaluate dividends on a quarterly basis, taking into consideration the company's cash flows and alternative
means to create shareholder value.
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