Alliance Resource Partners, L.P. · NASDAQ:ARLP

Alliance Resource Partners, L.P — Investor Presentation (March 2025)

32 slides from Alliance Resource Partners, L.P's investor presentation, March 2025

1. Slide 1: Reliable Energy For Today And Tomorrow

   ibdroot\projects\IBD-NY\abramis2024\926850_1\10. Investor Presentation\01. Non-Deal Roadshow Presentation\ARLP Investor Presentation (15-May-2024).pptx Reliable Energy For Today And Tomorrow Alliance Resource Partners, L.P. Investor Presentation March 2025 Alliance Resource Partners, L.P.

2. Slide 2: Legal Disclaimers: Forward-looking Statements

   ibdroot\projects\IBD-NY\abramis2024\926850_1\10. Investor Presentation\01. Non-Deal Roadshow Presentation\ARLP Investor Presentation (15-May-2024).pptx Legal Disclaimers Forward-looking Statements This presentation contains forward-looking statements and information that are based on the beliefs of

3. Slide 3: Legal Disclaimers: Non-GAAP Financial Measures

   ibdroot\projects\IBD-NY\abramis2024\926850_1\10. Investor Presentation\01. Non-Deal Roadshow Presentation\ARLP Investor Presentation (15-May-2024).pptx Legal Disclaimers Non-GAAP Financial Measures This presentation contains certain non-GAAP financial measures. These measures include Distributable C

4. Slide 4: Snapshot

   ibdroot\projects\IBD-NY\abramis2024\926850_1\10. Investor Presentation\01. Non-Deal Roadshow Presentation\ARLP Investor Presentation (15-May-2024).pptx Alliance Resource Partners, L.P. Snapshot Company Description Key Statistics (2024 Actual) • Leading energy company with nearly three decades of ope

5. Slide 5: Master Limited Partnership (MLP) Overview

   ibdroot\projects\IBD-NY\abramis2024\926850_1\10. Investor Presentation\01. Non-Deal Roadshow Presentation\ARLP Investor Presentation (15-May-2024).pptx Master Limited Partnership (“MLP”) Overview1 What Is An MLP? Summary Organizational Structure • MLPs are tax-advantaged, yield-oriented public vehic

6. Slide 6: Key Investment Highlights

   ibdroot\projects\IBD-NY\abramis2024\926850_1\10. Investor Presentation\01. Non-Deal Roadshow Presentation\ARLP Investor Presentation (15-May-2024).pptx Key Investment Highlights 1 Strong Adjusted EBITDA Margins Through A Well-Covered, Multi-Year Coal Contract Book 2 Significant Growth in U.S. Electr

7. Slide 7: Second Largest Coal Producer in Eastern U.S.

   ibdroot\projects\IBD-NY\abramis2024\926850_1\10. Investor Presentation\01. Non-Deal Roadshow Presentation\ARLP Investor Presentation (15-May-2024).pptx Second Largest Coal Producer in Eastern U.S. Strategically Located in Close Proximity to Domestic Customers Asset and Operations Overview Key Streng

8. Slide 8: Strong Coal Operations Segment Adjusted EBITDA Margins through Multi-Year Contract Book

   ibdroot\projects\IBD-NY\abramis2024\926850_1\10. Investor Presentation\01. Non-Deal Roadshow Presentation\ARLP Strong Coal Operations Segment Adjusted EBITDA1 Margins through a Well-Covered, Multi-Year Coal Investor Presentation (15-May-2024).pptx Contract Book COVID-19 Disruption $45/t $44/t $43/t

9. Slide 9: Significant Growth in U.S. Electricity Demand Delaying Coal Plant Retirements

   ibdroot\projects\IBD-NY\abramis2024\926850_1\10. Investor Presentation\01. Non-Deal Roadshow Presentation\ARLP Significant Growth in U.S. Electricity Demand from Data Centers (including AI), On-Shoring of Investor Presentation (15-May-2024).pptx Manufacturing and Electric Vehicles is Delaying Coal-F

10. Slide 10: High-Quality O&G Mineral Acreage Portfolio in Permian Basin

    ibdroot\projects\IBD-NY\abramis2024\926850_1\10. Investor Presentation\01. Non-Deal Roadshow Presentation\ARLP High-Quality O&G Mineral Acreage Portfolio With Meaningful Exposure to Top-Tier Operators in Investor Presentation (15-May-2024).pptx Permian Basin Alliance’s mineral interests consist of h

11. Slide 11: Permian-Weighted Minerals Position Growth Through Commodity Cycles

    ibdroot\projects\IBD-NY\abramis2024\926850_1\10. Investor Presentation\01. Non-Deal Roadshow Presentation\ARLP Investor Presentation (15-May-2024).pptx Permian-Weighted Minerals Position has Seen Significant Growth and Activity Through Commodity Cycles Growth trends in gross oil production on ARLP’s

12. Slide 12: Strong Free Cash Flow Generation Through the Commodity Cycles

    ibdroot\projects\IBD-NY\abramis2024\926850_1\10. Investor Presentation\01. Non-Deal Roadshow Presentation\ARLP Investor Presentation (15-May-2024).pptx Strong Free Cash Flow Generation Through the Commodity Cycles Consistently delivering strong operating and financial performance while maintaining a

13. Slide 13: Disciplined Financial Principles & Capital Allocation Strategy

    ibdroot\projects\IBD-NY\abramis2024\926850_1\10. Investor Presentation\01. Non-Deal Roadshow Presentation\ARLP Investor Presentation (15-May-2024).pptx Disciplined Financial Principles & Capital Allocation Strategy Capital Allocation Priorities • Conservative balance sheet and strong free cash flow

14. Slide 14: Key Investment Highlights

    ibdroot\projects\IBD-NY\abramis2024\926850_1\10. Investor Presentation\01. Non-Deal Roadshow Presentation\ARLP Investor Presentation (15-May-2024).pptx Key Investment Highlights 1 Strong Adjusted EBITDA Margins Through A Well-Covered, Multi-Year Coal Contract Book 2 Significant Growth in U.S. Electr

15. Slide 15: Appendix: Consolidated Financial Overview

    ibdroot\projects\IBD-NY\abramis2024\926850_1\10. Investor Presentation\01. Non-Deal Roadshow Presentation\ARLP Investor Presentation (15-May-2024).pptx Appendix: Consolidated Financial Overview Alliance Resource Partners, L.P.

16. Slide 16: Current Capitalization

    ibdroot\projects\IBD-NY\abramis2024\926850_1\10. Investor Presentation\01. Non-Deal Roadshow Presentation\ARLP Investor Presentation (15-May-2024).pptx Current Capitalization 1 xEBITDA CCR: Ba3 (Sta.) / BB- (Sta.) / BB (Sta.) 12/31/2024 (mm) Q4'2024A Spread / Coupon Tranche Ratings Maturity Cash and

17. Slide 17: Organizational Chart

    ibdroot\projects\IBD-NY\abramis2024\926850_1\10. Investor Presentation\01. Non-Deal Roadshow Presentation\ARLP Investor Presentation (15-May-2024).pptx Organizational Chart Legend 18% # Organizational Segment Strong alignment of Institutions A Existing Senior Notes Issuer incentives, with current Cu

18. Slide 18: Snapshot of Coal Operations

    ibdroot\projects\IBD-NY\abramis2024\926850_1\10. Investor Presentation\01. Non-Deal Roadshow Presentation\ARLP Investor Presentation (15-May-2024).pptx Snapshot of Coal Operations1 Description Key Segment Statistics (2024 Actual) • Leading coal producer in the Illinois Basin and Appalachia with seve

19. Slide 19: Snapshot of O&G Royalties

    ibdroot\projects\IBD-NY\abramis2024\926850_1\10. Investor Presentation\01. Non-Deal Roadshow Presentation\ARLP Investor Presentation (15-May-2024).pptx Snapshot of O&G Royalties Description Key Segment Statistics (2024 Actual) • Alliance has established a successful track record of investing in mine

20. Slide 20: Snapshot of Coal Royalties

    ibdroot\projects\IBD-NY\abramis2024\926850_1\10. Investor Presentation\01. Non-Deal Roadshow Presentation\ARLP Investor Presentation (15-May-2024).pptx Snapshot of Coal Royalties Overview Coal Royalties - Mine Geography • Segment includes ~536mm tons of proved and probable coal reserves and substant

21. Slide 21: Snapshot of Matrix Business

    ibdroot\projects\IBD-NY\abramis2024\926850_1\10. Investor Presentation\01. Non-Deal Roadshow Presentation\ARLP Investor Presentation (15-May-2024).pptx Snapshot of Matrix Business Matrix develops, supplies, and supports technology that enhances productivity and improves safety in industrial and mini

22. Slide 22: Alliance & Matrix Vertical Integration

    ibdroot\projects\IBD-NY\abramis2024\926850_1\10. Investor Presentation\01. Non-Deal Roadshow Presentation\ARLP Investor Presentation (15-May-2024).pptx Alliance & Matrix Vertical Integration Matrix and Alliance are uniquely positioned to deliver fully-vetted, production-ready systems via vertically

23. Slide 23: Supplemental Information

    ibdroot\projects\IBD-NY\abramis2024\926850_1\10. Investor Presentation\01. Non-Deal Roadshow Presentation\ARLP Investor Presentation (15-May-2024).pptx Supplemental Information Reconciliation of GAAP "Net Income Attributable to ARLP" to NON-GAAP "EBITDA" and "Distributable Cash Flow" (in thousands):

24. Slide 24: Supplemental Information

    ibdroot\projects\IBD-NY\abramis2024\926850_1\10. Investor Presentation\01. Non-Deal Roadshow Presentation\ARLP Investor Presentation (15-May-2024).pptx Supplemental Information Reconciliation of GAAP "Cash Flows from Operating Activities" to NON-GAAP "Free Cash Flow" (in thousands): Three Months End

25. Slide 25: Non-GAAP Reconciliations

    ibdroot\projects\IBD-NY\abramis2024\926850_1\10. Investor Presentation\01. Non-Deal Roadshow Presentation\ARLP Investor Presentation (15-May-2024).pptx Non-GAAP Reconciliations Reconciliation of GAAP "net income attributable to ARLP" to non-GAAP "EBITDA", "Adjusted EBITDA", and "Segment Adjusted EBI

26. Slide 26: Non-GAAP Reconciliations

    ibdroot\projects\IBD-NY\abramis2024\926850_1\10. Investor Presentation\01. Non-Deal Roadshow Presentation\ARLP Investor Presentation (15-May-2024).pptx Non-GAAP Reconciliations Coal Segments' Segment Adjusted EBITDA Margin Year Ended December, 2020 2021 2022 2023 2024 (in millions) Segment Adjusted

27. Slide 27: Non-GAAP Reconciliations and Cumulative Amount Invested Calculation

    ibdroot\projects\IBD-NY\abramis2024\926850_1\10. Investor Presentation\01. Non-Deal Roadshow Presentation\ARLP Investor Presentation (15-May-2024).pptx Non-GAAP Reconciliations and Cumulative Amount Invested Calculation Oil & Gas Royalties Segment Year Ended December, 2015 2016 2017 2018 2019 2020 2

28. Slide 28: Non-GAAP Reconciliations

    ibdroot\projects\IBD-NY\abramis2024\926850_1\10. Investor Presentation\01. Non-Deal Roadshow Presentation\ARLP Investor Presentation (15-May-2024).pptx Non-GAAP Reconciliations Other, Corporate and Eliminations Year Ended December, 2020 2021 2022 2023 2024 (in millions) Net income attributable to AR

29. Slide 29: Non-GAAP Reconciliations

    ibdroot\projects\IBD-NY\abramis2024\926850_1\10. Investor Presentation\01. Non-Deal Roadshow Presentation\ARLP Investor Presentation (15-May-2024).pptx Non-GAAP Reconciliations Consolidated Year Ended December, 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 (in millions)

30. Slide 30: Non-GAAP Reconciliations

    ibdroot\projects\IBD-NY\abramis2024\926850_1\10. Investor Presentation\01. Non-Deal Roadshow Presentation\ARLP Investor Presentation (15-May-2024).pptx Non-GAAP Reconciliations Reconciliation of GAAP "net income attributable to ARLP" to non-GAAP "Distributable Cash Flow" Year Ended December, 2020 20

31. Slide 31: Non-GAAP Reconciliations

    ibdroot\projects\IBD-NY\abramis2024\926850_1\10. Investor Presentation\01. Non-Deal Roadshow Presentation\ARLP Investor Presentation (15-May-2024).pptx Non-GAAP Reconciliations CALCULATION OF GROSS AND NET LEVERAGE Year Ended December, 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

32. Slide 32: Definitions

    ibdroot\projects\IBD-NY\abramis2024\926850_1\10. Investor Presentation\01. Non-Deal Roadshow Presentation\ARLP Investor Presentation (15-May-2024).pptx Definitions We define Distributable Cash Flow as Adjusted EBITDA excluding equity method investment earnings, interest expense Distributable Cash Fl

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