U.S. Coal Demand and Peabody Strategic Overview

Spotlight: North Antelope Rochelle World's Largest Coal Mine • Offers reliable source of supply to over 50 customers in 21 states, powering ~4.5% of total U.S. electricity generation Strategically positioned on rail joint line with multiple entry/exit points for simultaneous arrivals and departures • Benefits from prior reserve acquisitions and fleet upgrades, resulting in modest sustaining capital levels • Operates out of 7 - 10 pits of 60 - 80 feet thick coal seams, providing access to lowest-sulfur coal in North America • Advanced technology reduces costs, drives higher margins Peabody North Antelope Rochelle Mine 42

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