Barclays 2012 CEO Energy/Power Conference - Peabody Energy

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Acquisition SignificantlyStrengthens Bowen Basin PositionNew Bowen Basin Portfolio● New mines include:– Coppabella– Moorvale– Middlemount● Synergies betweenMoorvale and Millennium● Developmental complexwith potential forcentralized infrastructure● Additional projects withcoking coal and PCIpotential includeWest Burton tenement30
Peabody Focused onStrengthening the Balance Sheet● Continued focus ondeleveraging– Debt-to-capital at 52%– Repurchased $242 million ofbonds in second quarter– No significant maturities until 2015– Best coal company credit rating● Significant liquidity of$1.9 billion at June 30● Capital spending discipline– Further reduced target capex to $1.0 billion – $1.1 billion for 2012– Low maintenance capex needs of $1.25 – $1.75 per ton605040302057Total Debt-to-Capital %5247423755522006* 2007 2008 2009 2010 2011 Q22012*Ratio reflects post-Excel acquisition. YTD reflects results through June 30, 2012. 31
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 14 and 15: U.S. Markets: Rising Gas Prices and
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 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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