U.S. Coal Demand and Peabody Strategic Overview
Generate Cash - Record Free Cash Flow in First Quarter 2018
• Operational results paramount
to strong cash generation
• Non-core asset sales provide
incremental cash flows
● Substantial global NOL positions
significantly limit future cash taxes
for extended time
Operational
Results
Non-Core
Asset Sales
-
~$3.6 billion U.S. NOLS;
~70% unlimited by Section 382
-
~A$3.9 billion Australian NOLS
$90 million cash tax refunds in 2018
-
$85 million AMT credits refunded
in 2019 and beyond
• All remaining restricted cash expected
to be released in second quarter 2018
Cash
Flow
Utilizing
NOLS
Releasing
Restricted
Cash
Peabody
Note: Free cash flow is a non-GAAP metric. Refer to the reconciliation to the nearest GAAP measure in the appendix.
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