company overview - contura...

Company Overview

October 2016 (updated 10/28/16)

Contura Energy: Who We Are

Introduction

About Us

Contura Energy is a private, Tennessee-based company with affiliate mining operations across multiple major coal basins in Pennsylvania, Virginia, West Virginia and Wyoming. With customers across the globe, high-quality reserves, and significant port capacity, Contura Energy reliably supplies both metallurgical coal to produce steel and thermal coal to generate power.

• Began operation as Contura Energy, Inc. on July 26, 2016 through the purchase of certain core coal assets by a consortium of lenders as a part of Alpha Natural Resources’ Chapter 11 Bankruptcy restructuring.

• Comprised of a diversified production profile, including a range of high-quality metallurgical coal products and significant steam coal tonnage, across Central Appalachia (CAPP), Northern Appalachia (NAPP), and the Powder River Basin (PRB).

• Contura affiliates control approximately 1.38 billion tons of reserves.

• Owns approximately 41 percent interest in the world-class Dominion Terminal Associates (DTA) coal export terminal located in Newport News, Virginia, with an annual capacity of 22 million tons.

• Committed to the safety and health of our approximately 2,200 affiliated employees, efficient mining operations, and responsible environmental stewardship.

For more information, visit: www.conturaenergy.com

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Management Team

Kevin S. Crutchfield, Chief Executive Officer & Member, Board of Directors

Kevin S. Crutchfield has served as Contura’s chief executive officer since July 2016. He also serves on

Contura’s Board of Directors. Previously, he served as chairman and chief executive officer of Alpha

Natural Resources, Inc. Prior roles include various operating and executive management positions at El

Paso Corporation, Coastal Coal Company, AMVEST Corporation, AEI Resources, Inc., Cyprus Australia

Coal Company, Cyprus Coal Company, and Pittston Coal Company.

Gary W. Banbury, Executive Vice President & Chief Administrative Officer

Gary W. Banbury has served as Contura’s executive vice president and chief administrative officer since

July 2016. He previously served as executive vice president and chief administrative officer of Alpha

Natural Resources, Inc., a position he held from July 2013. Prior roles include executive management

positions at Allied Nevada Gold Corp., RJ Human Capital Services, and Coeur d’Alene Mines Corporation.

Andy Eidson, Executive Vice President & Chief Financial Officer

Andy Eidson has served as executive vice president and chief financial officer of Contura since July 2016.

He previously served as executive vice president and chief financial officer of Alpha Natural Resources,

Inc., a position he held from March 2016. Prior roles include various financial positions across industry

sectors, including at Penn Virginia Resource Partners, Eastman Chemical Company, and

PricewaterhouseCoopers LLP.

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Management Team (continued)

Keith Hainer, Executive Vice President & Chief Operating Officer

Keith Hainer has served as executive vice president and chief operating officer of Contura since July 2016.

He previously served as executive vice president, mining operations for Alpha Natural Resources, Inc., a

position he held from January 2015. Prior roles include various operation leadership positions at Alpha,

Massey Energy, and Shell Mining.

Kevin Stanley, Senior Vice President – Sales and Marketing

Kevin Stanley has served as Contura’s senior vice president, sales and marketing since July 2016. He

previously served as senior vice president, business planning for Alpha Natural Resources, Inc., a position

he held from December 2015. Prior roles include director of corporate development for Alpha Australia, LLC,

as well as several financial and accounting roles for Alpha and Massey Energy.

Mark Manno, Executive Vice President, General Counsel, Secretary, & Chief Procurement Officer

Mark Manno has served as executive vice president, general counsel, secretary and chief procurement officer

of Contura since July 2016. He previously served in the same role for Alpha Natural Resources, Inc., positions

he held from December 2015. Prior roles include various information technology and sourcing roles at Alpha;

executive leadership roles with SJ Strategic Investments; multiple roles with King Pharmaceuticals, Inc.; and as

an attorney with Baker, Donelson, Bearman, Caldwell & Berkowitz, PC. Before joining the private sector, Mr.

Manno was an officer in the US Navy.

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Safety and Stewardship

Operating safely, ethically, and responsibly are more than just priorities for Contura Energy and its

affiliates. They are ingrained in everything we do.

• Operations acquired by Contura affiliates have received numerous safety and environmental awards at the

state, regional, and national levels.

• We believe every employee must have a voice in the safety process and proactively involve hourly workers

and management alike in the observation, review, and implementation of potential safety improvements.

• Our operations have partnered with manufacturers and regulators to test the latest in mine safety

technologies within active mining environments.

• We also partner with local communities and non-governmental organizations to ensure appropriate and

sustainable post-mining reclamation practices.

• We operate the Running Right Leadership Academy, a first of its kind, state-of-the-art comprehensive

education and training facility for mine safety and operations located in Julian, West Virginia.

• To help enforce our own safety practices, Contura also participates in the National Mining Association’s

CORESafety program (www.coresafety.org).

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Our Affiliated Operations

Asset Overview

Operational Footprint

Contura Energy affiliates and contractors operate both underground and surface coal mining

complexes across Northern Appalachia, Central Appalachia, and the Powder River Basin.

Central Appalachia (VA, WV)

Cabin Ridge – Surface (VA)

Deep Mine #26 – Underground (VA)

Deep Mine 41 – Underground (VA)

88 Strip – Surface (VA)

Deep Mine #25* – Underground (VA)

No 10 (Bear Ridge Upper Banner)* – Underground (VA)

Deep Mine 37* – Underground (VA)

Deep Mine 44* – Underground (VA)

OMM (Reedy Ridge)* – Underground (VA)

Jerry Fork Eagle – Underground (WV)

Northern Appalachia (PA)

Cumberland – Underground

Powder River Basin (WY)

Belle Ayr – Surface

Eagle Butte – Surface

*Contract Mine

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Central Appalachia (CAPP)

Note: Map not to scale.

Key

Contura Complex

Export Terminal

WV

VA

MD

Toms Creek

McClure

Nicholas

Chesapeake Bay Pier

DTA

Pier VI

Lamberts Point

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CAPP – McClure Complex

Complex Description Reserves and Tons Sold Profile

• The McClure Complex is an underground

metallurgical coal mining complex in Dickenson

County, Virginia

• Contura affiliates control 105.4 million tons of

proven and probable reserves (52% permitted)

• Produces a diversified product mix of Mid Vol.

and High Vol. A metallurgical coal which is

shipped to domestic and foreign steel producers

via the CSX railroad

• Operations are comprised of 5 active

underground mines, and 1 active preparation

plant (950 tons per hour)

• Approximately 365 highly-skilled employees, of

which 54 at the preparation plant are

represented by the United Mine Workers of

America (UMWA)

Historical Tons Sold

100%

Met

100%

Total Reserves: 105.4 million tons 2015 Sales: 2.1 million tons

1.7 1.9

2.1

1.5

2015A

2.1

2014A

1.91.7

2013A 2016 YTD (Q3)

1.5

0.03

ThermalMet

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CAPP – Toms Creek Complex


• The Toms Creek Complex is a surface and

underground metallurgical coal mining complex

in Wise County, Virginia

• Contura affiliates control 13.8 million tons of


• Produces a variety of products including High

Vol. A, High Vol. B, metallurgical coal as well as

Midds and thermal coal which is shipped to both

domestic and foreign steel producers and utility

customers via the NS railroad


underground mines, 2 active surface mines and

1 preparation plant (900 tons per hour)

• Approximately 230 highly-skilled, union-free

employees


37%

63%

Met Thermal

7%

93%

Total Reserves: 13.8 million tons 2015 Sales: 1.4 million tons

0.6

1.7

1.5

1.3

0.7

0.06

.8

1.4

0.1

2014A

2.3 1.6

2013A

0.1

2016 YTD (Q3)2015AThermalMet

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CAPP – Nicholas Complex


• The Nicholas Complex is an underground

metallurgical coal mining complex in Nicholas

County, West Virginia

• Contura affiliates control 55 million tons of


• Produces High Vol. B metallurgical coal which is

shipped to both domestic and foreign steel

producers via the NS railroad


underground mine, and 1 preparation plant

(1,100 tons per hour)

• Approximately 130 highly-skilled employees, of

which 10 at the preparation plant are

represented by the United Mine Workers of

America (UMWA)


100%

Met

100%

Total Reserves: 55 million tons 2015 Sales: 0.6 million tons

0.4

0.5 0.6

0.5

2015A

0.6

0.5

2016 YTD (Q3)

0.5

0.7

2014A2013A

ThermalMet

0.3

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Northern Appalachia (NAPP)


Key

Contura Complex

Export Terminal

WV

VA

MD

Cumberland

Chesapeake Bay Pier

DTA

Pier VI

Lamberts Point

PA

13

NAPP – Cumberland Complex


• NAPP operations include the Cumberland underground

mining complex

• Cumberland operations are located in Greene County,

Pennsylvania

• Contura affiliates control 589 million tons of proven and

probable coal reserves (7% permitted)

• Produces high quality, internationally recognizable

Pittsburgh 8 seam coal which is shipped to both

domestic and foreign steel producers and utility

customers via the Monongahela River, CSX and NS

railroads

• Barge capabilities to Contura-controlled LaBelle facility

with access to MGA for CSX and NS railroads

• Operations are comprised of 1 active longwall mine, and

1 active preparation plant (1,600 tons per hour)

• Approximately 735 highly-skilled employees, of which

584 are represented by the United Mine Workers of

America (UMWA)


7%

93%

ThermalMet

4%

96%

2015 Sales: 7.1 million tons

5.6

7.4 6.8

5.2

2015A

7.1

0.4

2014A

7.4

0.35.6

2016 YTD (Q3)

5.6

2013A

ThermalMet

Total Reserves: 589 million tons

14

Powder River Basin (PRB)


Eagle Butte

MT

ID

UT

WY

CO

NE

SD

ND

Key

Contura Complex

Belle Ayr

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PRB – Belle Ayr Complex


• Operations are located in Campbell County,

Wyoming

• Contura affiliates control approximately 300

million tons of proven and probable reserves

(30% permitted)

• Produces thermal coal which is shipped to

domestic customers via the BNSF and UP

Railroads

• Operations are comprised of 1 active surface

mine, and 1 loadout


employees


100%

Thermal

100%


18.3

15.8

18.3

10.8

2015A2013A 2016 YTD (Q3)2014A

Thermal

Total Reserves: 300.0 million tons

16

PRB – Eagle Butte Complex


• Operations are located in Campbell County,

Wyoming

• Contura affiliates control approximately 340

million tons of proven and probable reserves

(100% permitted)

• Produces thermal coal which is shipped to

domestic customers via the BNSF railroad

• Operations are comprised of 1 active surface

mine, and 1 loadout


employees


100%

Thermal

100%


19.9 20.7 19.7

13.9

2016 YTD (Q3)2013A 2015A2014A

Thermal

Total Reserves: 340.0 million tons

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Dominion Terminal Associates (DTA)

Complex Description

• World Class coal export terminal facility located

in Newport News, Virginia

• Highly mechanized, critical component of CSX’s

infrastructure

• Highly accessible with deep draft (55 ft.)

• 22 million tons per year overall capacity

• 9.35 million tons of capacity dedicated to

Contura Energy

• 1.7 million tons of total coal storage

• 700,000 tons of coal storage dedicated to

Contura Energy

• Potential for product diversification

• Highly-skilled, union-free workforce

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Running Right Leadership Academy

The Leadership Academy is a first of its kind,

state-of-the-art comprehensive education and

training facility for mine safety and operations.

The facility includes:

• A 96,000 square foot mine lab to simulate mine

situations and conditions

• A virtual reality lab with simulators for a roof bolter,

continuous mining machine, scoop, and haul truck

• Electrical, welding, and maintenance labs for skills

training and certification

• Classrooms where a comprehensive training

curriculum is conducted

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Forward Looking StatementsThis document includes forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on Contura's

expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors

are difficult to predict accurately and may be beyond Contura's control. Examples of forward-looking statements include, but are not limited to:

our liquidity, results of operations and financial condition; depressed levels or declines in coal prices; worldwide market demand for coal, electricity and steel, including demand for U.S. coal exports, and competition in coal markets; utilities switching to alternative energy sources such as natural gas, renewables and coal from basins where we do not operate; reductions or increases in customer coal inventories and the timing of those changes; our production capabilities and costs; inherent risks of coal mining beyond our control; changes in environmental laws and regulations, and court decisions, including those directly affecting our coal mining and production, and those affecting our customers’ coal usage, including

potential climate change initiatives; our relationships with, and other conditions affecting, our customers, including the inability to collect payments from our customers if their creditworthiness declines; changes in, renewal or acquisition of, terms of and performance of customers under coal supply arrangements and the refusal by our customers to receive coal under agreed contract terms; our ability to obtain, maintain or renew any necessary permits or rights, and our ability to mine properties due to defects in title on leasehold interests; attracting and retaining key personnel and other employee workforce factors, such as labor relations; funding for and changes in employee benefit obligations; cybersecurity attacks or failures, threats to physical security, extreme weather conditions or other natural disasters; reclamation and mine closure obligations; our assumptions concerning economically recoverable coal reserve estimates; our ability to negotiate new United Mine Workers of America wage agreements on terms acceptable to us, increased unionization of our workforce in the future, and any strikes by our workforce; disruptions in delivery or changes in pricing from third party vendors of key equipment and materials that are necessary for our operations, such as diesel fuel, steel products, explosives and tires; inflationary pressures on supplies and labor and significant or rapid increases in commodity prices; railroad, barge, truck and other transportation availability, performance and costs; disruption in third party coal supplies; the consummation of financing or refinancing transactions, acquisitions or dispositions and the related effects on our business and financial position; our indebtedness and potential future indebtedness; our ability to generate sufficient cash or obtain financing to fund our business operations; and our ability to obtain or renew surety bonds on acceptable terms or maintain self-bonding status.

Forward-looking statements in this document or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for Contura

to predict these events or how they may affect the Company. Contura has no duty to, and does not intend to, update or revise the forward-looking statements in this

document. In light of these risks and uncertainties, investors should keep in mind that the results, events or developments disclosed in any forward-looking statement made in

this document may not occur.

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