Corsa Coal Corp. · OTC:CRSXQ
Corsa Coal — Investor Presentation (October 2023)
17 slides from Corsa Coal's investor presentation, October 2023
Slide 1: Corsa Coal Corp. Investor Presentation
Corsa Coal Corp. Investor Presentation October 2023
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 Financial Measures Management uses realized price per ton sold, cash production cost per ton sold, cash cost per ton sold, cash cost purchased coal per ton sold, cash margin per ton sold, EBITDA and adjusted EBITDA as internal measurements of
Slide 4: Corsa Coal Overview
Corsa Coal Overview TSX-V: CSO | OTCQX: CRSXF Pure play metallurgical coal producer serving domestic and international customers from a strategically advantaged location Pennsylvania 2016-2022: 44% growth in metallurgical coal sales Corsa Operations Active Operations: 3 deep mines, 3 surface m
Slide 5: NAPP Division Overview
NAPP Division Overview TSX-V: CSO | OTCQX: CRSXF NAPP Division Operating Locations Producer-Purchaser Model • Corsa reported 2023 3Q YTD sales of 0.847 million tons Pittsburgh 70 miles Purchased NW of Somerset Surface Casselman Horning Acosta Baltimore 180 miles Company Mine Purchased SE of Somerset
Slide 6: Revenue Stream: Company Produced Tons
Revenue Stream: Company Produced Tons TSX-V: CSO | OTCQX: CRSXF Casselman/North Acosta Horning Surface Mines 2023 3Q YTD: 312,000 tons 2023 3Q YTD: 231,000 tons 2023 3Q YTD: 111,000 tons 2023 3Q YTD: 136,000 tons 2022: 298,000 tons 2022: 327,000 tons 2022: 106,000 tons 2022: 114,000 tons 2021: 375,0
Slide 7: Revenue Stream: Purchased Tons
Revenue Stream: Purchased Tons TSX-V: CSO | OTCQX: CRSXF Purchased Coal Strategic Advantages Historical Purchased Coal Volumes in tons Local, third-party tons purchased on a raw basis and trucked to Corsa’s preparation plants. Increased volume through the preparation plants absorbs fixed costs a
Slide 8: Financial Highlights
Financial Highlights TSX-V: CSO | OTCQX: CRSXF Total Year Total Year Total Year Q1 Q2 Q3 Q4 Total Year Q1 Q2 Q3 YTD 2019 2020 2021 2022 2022 2022 2022 2022 2023 2023 2023 2023 Revenues ($ million) $232.1 $128.5 $131.5 $38.8 $42.3 $45.9 $38.9 $165.9 $47.9 $55.3 $51.1 $154.3 Adjusted EBITDA(1) ($ mill
Slide 9: Balance Sheet Summary
Balance Sheet Summary TSX-V: CSO | OTCQX: CRSXF $mm as of: 12/31/2019 12/31/2020 12/31/2021 12/31/2022 9/30/2023 Balance Sheet Summary Total Assets $269.3 $210.1 $215.5 $192.6 $228.1 Total Liabilities $118.2 $122.4 $126.2 $131.0 $136.8 Total Equity $151.1 $87.7 $89.3 $61.6 $91.3 Select Balance Sheet
Slide 10: Investment Highlights
Investment Highlights TSX-V: CSO | OTCQX: CRSXF Provider of Premium Quality Low Volatile Metallurgical Coal With 1 High Scarcity Value Supportive Long-Term Outlook for Both Domestic and International 2 Met Coal Markets 3 Advantageous Transportation Logistics Provides Access to Blue-Chip Customer
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: 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 employ approximately 100 people once fully staffed Preliminary permit approval has been received $20 - $24 million of star
Slide 13: 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 Ex
Slide 14: Appendix
Appendix TSX-V: CSO | OTCQX: CRSXF 13
Slide 15: 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, 2022, have been prepared by Marshall Miller & Associates, Inc. (“MM&A”) under the supervision of Justin S. Douthat, P.E., M.B.A., John W. Eckma
Slide 16: Coal Reserves
Coal Reserves TSX-V: CSO | OTCQX: CRSXF 43-101 Properties as of 12/31/2022 MNT (Moist, Recoverable Basis) Proven Probable Total Permitted Not Permitted Surface-mineable 1,271 - 1,271 1,271 - Auger-mineable 43 - 43 43 - Highwall-mineable 200 - 200 200 - Underground-mineable 32,934 9,789 42,723 18,419
Slide 17: Coal Qualities
Coal Qualities TSX-V: CSO | OTCQX: CRSXF 43-101 Properties as of 12/31/2022 Weighted Composite (Moist Basis) Wash Volatile Reserve Area Seam Recovery (%) Ash (%) Sulfur (%) Btu/lb. Matter (%) Surface-Mineable Rhoads Upper Kittanning 94.4% 8.0% 0.5% 12,400 18.7% Rhoads Middle Kittanning 74.8% 13.8% 1