Corsa Coal Corp. · OTC:CRSXQ
Corsa Coal — Investor Presentation (August 2021)
18 slides from Corsa Coal's investor presentation, August 2021
Slide 1: Corsa Coal Corp. Investor Presentation
Corsa Coal Corp. Investor Presentation August 2021
Slide 2: Forward Looking Information and Statements
Forward Looking Information and Statements TSX-V: CSO | OTCQX: CRSXF Certain information set forth in this Presentation contains “forward‐looking statements” and “forward‐looking information” (collectively, “forward‐looking statements”) under applicable securities laws. Except for statements of hist
Slide 3: Additional Information
Additional Information TSX-V: CSO | OTCQX: CRSXF Non‐GAAP Measures Management uses realized price per ton sold, cash production cost per ton sold, cash cost per ton sold, cash margin per ton sold, EBITDA and adjusted EBITDA as internal measurements of financial performance for Corsa’s mining and pro
Slide 4: Corsa Coal Overview
Corsa Coal Overview TSX-V: CSO | OTCQX: CRSXF Pure play metallurgical coal producer (no thermal coal) with significant leverage to metallurgical coal prices Pennsylvania 2016‐2020: 105% growth in metallurgical coal sales Corsa Operations Active Operations: 3 deep mines, 2 surface mines, locate
Slide 5: NAPP Division Overview
NAPP Division Overview TSX-V: CSO | OTCQX: CRSXF NAPP Division Operating Locations Producer‐Purchaser Model • Corsa reported 2021 2Q YTD sales of 0.562 million tons Pittsburgh 70 miles VAS NW of Somerset Surface Casselman Horning Acosta Baltimore 180 miles Company Mine Value Added Services SE of Som
Slide 6: Revenue Stream: Company Produced Tons
Revenue Stream: Company Produced Tons TSX-V: CSO | OTCQX: CRSXF Low Vol Met Coal Margin Generating Passes through Prep Plants Casselman Acosta Horning Surface Mines 2021 2Q YTD: 222,000 tons 2021 2Q YTD: 183,000 tons 2021 2Q YTD: 87,000 tons 2021 2Q YTD: 69,000 tons 2020: 524,000 tons 2020: 362,000
Slide 7: Revenue Stream: Value Added Services Tons
Revenue Stream: Value Added Services Tons TSX-V: CSO | OTCQX: CRSXF Low Vol Met Coal Margin Generating Passes through Prep Plants Strategic Advantages Historical VAS Purchased Coal Volumes in tons Local, third‐party tons purchased on a raw basis and trucked to Corsa’s preparation plants. Purchas
Slide 8: Financial Highlights
Financial Highlights TSX-V: CSO | OTCQX: CRSXF Total Year Total Year Q1 Q2 Q3 Q4 Total Year Q1 Q2 Total Year 2018 2019 2020 2020 2020 2020 2020 2021 2021 2021 Revenues ($ million) $265.8 $232.1 $46.8 $41.2 $23.6 $16.8 $128.5 $24.6 $30.4 $55.0 Adjusted EBITDA(1) ($ million) $35.0 $28.9 $6.4 $4.3 ‐$4.
Slide 9: Balance Sheet Summary
Balance Sheet Summary TSX-V: CSO | OTCQX: CRSXF $mm as of: 12/31/2018 12/31/2019 12/31/2020 6/30/2021 Balance Sheet Summary Total Assets $283.3 $269.3 $210.1 $207.9 Total Liabilities $132.3 $118.2 $122.4 $122.4 Total Equity $151.0 $151.1 $87.7 $85.5 Select Balance Sheet Items Cash $10.1 $4.3 $24.8 $
Slide 10: Investment Highlights
Investment Highlights TSX-V: CSO | OTCQX: CRSXF Portfolio of Long‐Lived, Well‐Capitalized Operating Mines that 1 Generate Attractive Margins Provider of Premium Quality Low Volatile Metallurgical Coal With 2 High Scarcity Value Supportive Long‐Term Outlook for Both Domestic and International 3 M
Slide 11: Advantageous Transportation Logistics Provides Access to Blue-Chip Customers
Advantageous Transportation Logistics Provides Access to Blue‐Chip Customers TSX-V: CSO | OTCQX: CRSXF Key Differentiators Transportation Advantage Proximity to the largest metallurgical coal buying region in the US Strategic Location Access to key infrastructure and logistics that allows for ac
Slide 12: North Deep Mine (Casselman Deep Mine Replacement)
North Deep Mine (Casselman Deep Mine Replacement) TSX-V: CSO | OTCQX: CRSXF Project Overview Mine Location Located near Grantsville, Maryland Expected to employee approximately 100 people once fully staffed Permitted 4.5 million tons of proven and probable reserves, currently Corsa is cont
Slide 13: Keyser Deep Mine (Growth Opportunity)
Keyser Deep Mine (Growth Opportunity) TSX-V: CSO | OTCQX: CRSXF Project Overview Mine Location Located in Jenner Township, PA; 16 miles north of Somerset, PA Expected to employee approximately 100 people once fully staffed Preliminary permit approval has been received $20 ‐ $24 million of st
Slide 14: A Seam (Growth Opportunity)
A Seam (Growth Opportunity) TSX-V: CSO | OTCQX: CRSXF Project Overview Mine Location Located in Berlin PA; 5 miles southeast of Somerset, PA Expected to employ approximately 100 people once fully staffed Fully permitted $28 million of start‐up costs 6.4 million tons of proven reserves Tr
Slide 15: Appendix
Appendix TSX-V: CSO | OTCQX: CRSXF 14
Slide 16: Technical Report
Technical Report TSX-V: CSO | OTCQX: CRSXF The mineral reserve and resource estimates relating to Corsa’s properties, which are effective as of December 31, 2020, have been prepared by Marshall Miller & Associates, Inc. (“MM&A”) under the supervision of Justin S. Douthat, P.E., M.B.A. and John W. Ec
Slide 17: Coal Reserves
Coal Reserves TSX-V: CSO | OTCQX: CRSXF 43‐101 Properties as of 12/31/2020 mnt Proven Probable Total Permitted Not Permitted Surface‐mineable 1,671 ‐ 1,671 705 966 Highwall‐mineable ‐ ‐ ‐ ‐ ‐ Auger‐mineable 150 ‐ 150 150 ‐ Underground‐mineable 28,209 8,947 37,156 17,630 19,526 Total 30,031 8,947 38,
Slide 18: Coal Qualities
Coal Qualities TSX-V: CSO | OTCQX: CRSXF 43‐101 Properties as of 12/31/2020 Weighted Composite (Moist Basis) Wash Volatile Reserve Area Seam Recovery (%) Ash (%) Sulfur (%) Btu/lb. Matter (%) Surface‐Mineable Rhoads Upper Kittanning 94.37% 7.95% 0.53% 12,430 18.74% Rhoads Middle Kittanning 72.69% 13