Warrior Met Coal, Inc. (NYSE:HCC) Q3 2021 Earnings Conference Call November 2, 2021 4:30 PM ET Company Participants Walt Scheller - CEO Dale Boyles - CFO Conference Call Participants David Gagliano - BMO Capital Markets Lucas Pipes - B. Riley Securities Nathan Martin - The Benchmark Company Operator Good afternoon. My name is Chad, and I will be your conference operator today. At this time, I would like to welcome everyone to the Warrior Met Coal Third Quarter 2021 Financial Results Call. All lines have bee ...

August 4, 2021 Second Quarter 2021 Results Warrior Met Coal Page 1 Forward looking statements These slides contain, and the officers and representatives of Warrior Met Coal, Inc. (the "Company") may from time to time make, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in these slides that address activities, events o ...

Warrior Met Coal, Inc. (NYSE:HCC) Q2 2021 Earnings Conference Call August 4, 2021 4:30 PM ET Company Participants Walt Scheller - Chief Executive Officer Dale Boyles - Chief Financial Officer Conference Call Participants David Gagliano - BMO Capital Markets Nathan Martin - Benchmark Co. Matt Farwell - Roth Capital Lucas Pipes - B. Riley Securities Operator Good afternoon. My name is Kaley, and I will be your conference operator today. At this time, I would like to welcome everyone to the Warrior Met Coal Se ...

May 5, 2021 First Quarter 2021 Results Warrior Met Coal Forward looking statements These slides contain, and the officers and representatives of Warrior Met Coal, Inc. (the "Company") may from time to time make, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in these slides that address activities, events or developme ...

Warrior Met Coal, Inc. (NYSE:HCC) Q1 2021 Earnings Conference Call May 5, 2021 4:30 PM ET Company Participants Walter Scheller - CEO & Director Dale Boyles - CFO Conference Call Participants David Gagliano - BMO Capital Markets Lucas Pipes - B. Riley Securities Matthew Farwell - ROTH Capital Partners Operator Good afternoon. My name is Nick, and I'll be your conference operator today. At this time, I would like to welcome everyone to Warrior Met Coal First Quarter 2021 Financial Results Call. [Operator Inst ...

VARRIOF r MET COAL Fourth Quarter 2020 Results February 24, 2021 Warrior Met Coal Forward looking statements These slides contain, and the officers and representatives of Warrior Met Coal, Inc. (the "Company") may from time to time make, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in these slides that address activ ...

Financial Data and Key Metrics Changes - The company recorded a net loss of approximately $34 million or a loss of $0.66 per diluted share in Q4 2020, compared to a net income of $21 million or $0.41 per diluted share in the same quarter last year [24] - Adjusted EBITDA was $9 million in Q4 2020, down from $45 million in the same quarter last year, primarily due to a 22% decrease in average net selling prices [25] - Total revenues were approximately $212 million in Q4 2020, an increase from $205 million in the same quarter last year, driven by a 33% increase in sales volumes [26] Business Line Data and Key Metrics Changes - Sales volumes in Q4 2020 were 2.2 million short tons, compared to 1.7 million short tons in the same quarter last year, indicating a recovery in sales [17] - The gross price realization for Q4 2020 was 102% of the Platts Premium Low Vol FOB Australian index price, higher than the 97% achieved in the prior year [20] - Mining cash cost of sales were $190 million or 92% of mining revenues in Q4 2020, compared to $142 million or 72% of mining revenues in the same quarter of 2019 [28] Market Data and Key Metrics Changes - The Platts Premium Low Vol FOB Australian index price averaged $108 per metric ton in Q4 2020, down 23% compared to the same quarter last year [27] - Global pig iron production was down less than 1% for the full year 2020, with China achieving a record-breaking production of 887 million metric tons, a year-over-year increase of 4.3% [15][16] - The Chinese ban on Australian coal significantly impacted the market, leading to a decoupling of premium low-vol CFR China based indices from premium low-vol FOB Australian indices, with spreads increasing to over $100 per metric ton by the end of Q4 2020 [14] Company Strategy and Development Direction - The company is focused on preserving cash and liquidity while balancing long-term CapEx investments to benefit from the eventual recovery in steel production and met coal demand [9] - The development of the Blue Creek project has been delayed until at least summer 2021 to prioritize cash preservation [42] - The company aims to strategically place some spot volumes into China to capture temporary pricing distortions while maintaining relationships with long-term customers [45] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding the ongoing uncertainty related to the COVID-19 pandemic and the Chinese ban on Australian coal, stating that full-year 2021 guidance will not be provided at this time [40] - The company expects to maintain elevated inventory levels to mitigate risks associated with potential disruptions due to COVID-19 [47] - Management believes that demand for products should remain stable, but price volatility presents the greatest uncertainty in the short term [46] Other Important Information - The company achieved positive free cash flow of over $1 million in Q4 2020, driven by cash flows from operating activities of $30 million [33] - Total available liquidity at the end of Q4 2020 was $244 million, consisting of cash and cash equivalents of $212 million and $32 million available under the ABL facility [39] - The union contract is set to expire on April 1, and negotiations for a new contract are ongoing [48] Q&A Session Summary Question: Can you provide some color on the first quarter regarding volumes and pricing? - Management indicated that operations are running as expected, but did not provide specific details on volumes [54] Question: What are your expectations for committed volumes for 2021? - Management noted that spot sales have been running about 50% of quarterly volumes and expect to improve that ratio as markets recover [60] Question: Why not run full out given the market conditions? - Management explained that while Australian coal is not entering China, the market remains balanced, and they are focusing on brand recognition in China [65] Question: Can you discuss the costs for the quarter? - Management noted that fixed costs spread across fewer tons due to reduced production led to higher costs per ton in Q4 [75] Question: What is the expected CapEx range for 2021? - Management expects CapEx to be in the range of $100 million to $120 million, depending on market conditions [78] Question: What clarity is needed before starting the Blue Creek project? - Management indicated that clarity on COVID-19 impacts and demand is necessary before committing significant funds to the project [102]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38061 Warrior Met Coal, Inc. (Exact name of registrant as specified in its charter) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 (State or other jurisdiction of incorporation or organizati ...

VARRIOF r MET COAL Third Quarter 2020 Results October 28, 2020 Warrior Met Coal Page 1 Forward looking statements These slides contain, and the officers and representatives of Warrior Met Coal, Inc. (the "Company") may from time to time make, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in these slides that address ...

Warrior Met Coal, Inc. (NYSE:HCC) Q3 2020 Earnings Conference Call October 28, 2020 4:30 PM ET Company Participants Walt Scheller – Chief Executive Officer Dale Boyles – Chief Financial Officer Conference Call Participants David Gagliano – BMO Capital Markets Lucas Pipes – B. Riley Securities Chris Terry – Deutsche Bank Operator Good afternoon. My name is Raghu, and I will be your conference operator today. At this time, I would like to welcome everyone to the Warrior Met Coal Third Quarter 2020 Financial R ...