Barclays 2012 CEO Energy/Power Conference - Peabody Energy

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U.S. Markets: Rising Gas Prices andStrong Burn Driving Recovery● Natural gas priceoutlook favorablefor PRB and ILB● U.S. summerstockpile declinegreater thanaverage– Coal inventorieslowest for PRBgenerators● Expect rebound in2013 coal use$5$4$3$2U.S. NaturalGas Prices($/mmBtu)FuturesILB CompetitivePRB Competitive-12$1-162011 2012 2013 2014 2015 2016 201712840-4-8U.S. MonthlyInventory Change(Tons in Millions)7-6-25699710-Year Average20125-1-3-4-10-12Jan Feb Mar Apr May Jun JulSource: Pricing per Bloomberg, CME Group; prices quoted as of 8/29/12. Inventory data per EIA, Peabody Global Analytics.14
U.S. Coal Plant Retirements LargelyOffset by New Plants, Capacity UtilizationGW of Coal Capacity & Related Coal BurnExpected to Retire 2011 – 2016Cumulative Generation Changes(Tons in Millions)1 GW3 MT2 GW3 MT3 GW8 MT2 GW5 MT5 GW9 MT10 GW11 MT11 GW13 MT5 GW5 MT1 GW1 MTNew GenerationSPRB/ILB 30Other 10Total 40RetirementsSPRB/ILB (25)Other (35)Total (60)Capacity Utilization & SwitchingSPRB/ILB 45Other (45)Total -Demand ChangesSPRB/ILB 50Other (70)Total (20)Majority of 40 GW of Expected Retirements in Eastern U.S.Source: Peabody Global Analytics and Ventyx. 15
Page 1: Barclays EnergyConferenceGregory H.
Page 5 and 6: Global CoalMarkets5
Page 8 and 9: Annual World Coal Demand Expected t
Page 10 and 11: China Demand Expected to Grow~1.0 B
Page 12 and 13: Global Seaborne Supply: Australia a
Page 16 and 17: Significant Demand Shift TowardPRB
Page 18 and 19: Peabody’sGlobalPlatform
Page 20 and 21: Peabody Delivering Strong ResultsAm
Page 22 and 23: Peabody U.S. Platform: Continued Fo
Page 24 and 25: Peabody’s Australia Platform Expa
Page 26 and 27: Peabody Advancing Late-StageProject
Page 28 and 29: Acquisition IntegrationRemains on T
Page 30 and 31: Acquisition SignificantlyStrengthen
Page 32 and 33: Peabody Positioned for Success inAl
Page 34: Appendix:Reconciliation of Non-GAAP

Barclays 2012 CEO Energy/Power Conference - Peabody Energy

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