SunCoke Energy, Inc. Q4 & FY 2020 Earnings and 2021 Guidance Conference Call Forward‐Looking Statements 2 This slide presentation should be reviewed in conjunction with the Fourth Quarter and Full‐Year 2020 earnings release of SunCoke Energy, Inc. (SunCoke) and conference call held on February 4, 2021 at 10:30 a.m. ET. This presentation call contains "forward‐looking statements" (as defined in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as am ...

Financial Data and Key Metrics Changes - In 2020, SunCoke Energy delivered $205.9 million of adjusted EBITDA, exceeding the revised guidance range of $190 million to $200 million, despite sub-optimal utilization rates [8][12] - The fourth quarter net loss attributable to SXC was $0.06 per share, down $0.04 compared to Q4 2019, while full year 2020 net income was $0.04 per share, up $2.02 from 2019 [14] - Consolidated adjusted EBITDA for Q4 2020 was $37 million, down $13.8 million from Q4 2019, primarily due to lower volumes in the Domestic Coke segment [15][19] Business Line Data and Key Metrics Changes - Domestic Coke operations contributed $217 million to adjusted EBITDA in 2020, exceeding the revised guidance for the segment [8][17] - The Logistics segment's adjusted EBITDA decreased by $25.3 million year-over-year, mainly due to the bankruptcy of a coal customer [19] - The foundry coke initiative has progressed well, with commercial production now established, and plans to run at full capacity in 2021 [10][12] Market Data and Key Metrics Changes - The steel industry saw capacity utilization rates drop to a low of 52% during the pandemic but began to recover towards the end of 2020, with hot rolled prices reaching levels not seen in years [22] - API2 prices for thermal coal increased by approximately 15% in Q4 2020 compared to the prior quarter, indicating a recovery in the coal export market [24] - The company anticipates handling between 4 million tons and 5 million tons of coal exports from CMT in 2021, reflecting improved market conditions [30] Company Strategy and Development Direction - SunCoke is focused on entering new foundry and export markets to diversify its customer base and enhance market presence [24][35] - The company aims to reduce its gross leverage ratio to 3 times or lower, emphasizing the importance of debt reduction in its capital allocation strategy [21][36] - Investments in the youngest domestic coke-making facilities in the NAFTA region are expected to support long-term operational efficiency and environmental performance [23] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2021, anticipating continued recovery in the steel industry and potential infrastructure investments to drive demand [22][36] - The company highlighted the importance of maintaining strong customer relationships and adapting to market changes, particularly in light of the pandemic [9][60] - Management noted that environmental performance improvements are ongoing and emphasized the need for fair trade practices to support domestic producers [71][72] Other Important Information - SunCoke reduced gross debt by $110 million in 2020, including repurchasing senior notes at a discount [11][21] - The company paid a $0.24 per share annual dividend and repurchased 1.6 million shares during the first quarter of 2020 [11][21] - The 2021 adjusted EBITDA guidance is set between $215 million and $230 million, with expectations for improved performance across all segments [26][32] Q&A Session Summary Question: What was the reason for the strong out-performance in Q4? - Management indicated that favorable weather and successful cost reduction initiatives contributed to the strong performance in Q4 [40] Question: Can you explain the transition from 2020 to 2021 in Domestic Coke? - Management clarified that while production capacity is 4.2 million tons, contracted volumes are around 3.8 million tons, with the remaining being sold into export and foundry markets [41][43] Question: What are the margin differentials between foundry coke and long-term contract coke? - Management refrained from providing specific profit margin information but indicated that foundry coke margins are expected to be in line with blast furnace margins [47] Question: What is the potential for CMT in the coming years? - Management noted that CMT has underutilized capacity and could handle significantly more volumes with modest investments [64] Question: How is the company addressing environmental performance in the steel industry? - Management emphasized that the domestic industry has made significant progress in CO2 reduction and continues to seek improvements while advocating for fair trade practices [71][72]

SunCoke Energy, Inc. (NYSE:SXC) Q3 2020 Earnings Conference Call November 6, 2020 10:00 AM ET Company Participants Shantanu Agrawal - Director, FP&A and Investor Relations Michael Rippey - President, Chief Executive Officer & Director Fay West - Senior Vice President & Chief Financial Officer Conference Call Participants Matthew Fields - Bank of America Merrill Lynch Nicholas Jarmoszuk - Stifel, Nicolaus & Company Mark Levin - The Benchmark Company Lucas Pipes - B. Riley Securities, Inc. Matthew Sandschafer ...

SunCoke Energy, Inc. Q3 2020 Earnings Conference Call Forward‐Looking Statements This slide presentation should be reviewed in conjunction with the Third Quarter 2020 earnings release of SunCoke Energy, Inc. (SunCoke) and conference call held on November 6, 2020. This conference call contains "forward‐looking statements" (as defined in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended). Such forward‐looking statements include statements ...

Financial Data and Key Metrics Changes - The diluted EPS for Q2 2020 was $0.08 per share, an increase from $0.03 per share in Q2 2019, primarily due to costs associated with the simplification transaction in the prior year [15] - Adjusted EBITDA for Q2 2020 was $59 million, down from $63.1 million in Q2 2019, with a decrease in the Logistics segment contributing to this decline [16][17] - The cash balance at the end of the quarter was approximately $81 million, reflecting a reduction in borrowings from the revolving credit facility [18] - The company expects adjusted EBITDA for 2020 to be between $190 million and $200 million, a reduction of $40 million to $50 million from previous guidance [9][25] Business Line Data and Key Metrics Changes - Domestic coke sales volumes were 977,000 tons in Q2 2020, impacted by customer volume relief, with adjusted EBITDA per ton increasing to approximately $63 from $55 in Q2 2019 [21][22] - The Logistics segment saw a decrease in throughput volumes, handling approximately 2.7 million tons less than the prior year, significantly affected by the bankruptcy of Foresight Energy [16][23] Market Data and Key Metrics Changes - Steel capacity utilization remains low at approximately 59%, with uncertainty regarding the timing of a full recovery in demand [6] - Domestic demand for foundry coke is approximately 600,000 tons per year, with recent shutdowns of foundry coke producers leading to increased interest in domestic supply [12] Company Strategy and Development Direction - The company is pursuing a new business line in foundry coke, targeting an initial production of approximately 100,000 tons in 2021, with plans for further market penetration [11][14] - Investments of approximately $12 million are being made to support the transition to foundry coke production, with expectations of a short payback period [14] - The company aims to maintain a low-cost structure and has implemented workforce reductions to achieve permanent annual savings of approximately $10 million starting in 2021 [10] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the ongoing challenges in market conditions due to the COVID-19 pandemic but emphasizes the importance of long-term customer relationships and operational stability [5][6] - The company remains focused on optimizing operations and maintaining asset integrity, even as it navigates lower volume levels [26][27] - Management expresses confidence in capturing significant market share in the foundry coke market and maintaining strong margins through disciplined cost management [50][55] Other Important Information - The company has declared a dividend of $0.06 per share for the quarter, indicating confidence in its liquidity despite challenging market conditions [19] - The gross leverage at the end of the quarter was 3.3 times, with a target to reduce it to 3 times or lower over time [20] Q&A Session Summary Question: Which facility will be producing the foundry coke? - The foundry coke will be produced at the Jewell facility, which is logistically positioned to be the most efficient producer [32] Question: What is the expected EBITDA margin for foundry coke? - The margins are expected to be attractive on a time basis, with a two-for-one replacement ratio for blast furnace coke [33] Question: What is the current state of the Haverhill contract? - The company anticipates shipping 800,000 tons from both facilities in 2021, with flexibility in production sourcing [34][36] Question: How does the company plan to address the volume decline to ArcelorMittal? - The company is in constant dialogue with customers regarding their long-term requirements for coke [38] Question: What is the strategy for asset sales? - The company is not currently focused on asset sales due to the pandemic's impact on the market [46] Question: How does the company plan to fill the gap created by new contracts? - The company plans to fill the gap through both traditional blast furnace customers and continued success in foundry coke [66]

SunCoke Energy, Inc. Q2 2020 Earnings Conference Call Forward‐Looking Statements This slide presentation should be reviewed in conjunction with the Second Quarter 2020 earnings release of SunCoke Energy, Inc. (SunCoke) and conference call held on August 3, 2020. This conference call contains "forward‐looking statements" (as defined in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended). Such forward‐looking statements include statements t ...