Warrior Met Coal — Oct 30, 2024 release

Coal sales 7.4 - 8.2 million short tons Coal production 7.4 - 8.0 million short tons Cash cost of sales (free-on-board port) $125 - $135 per short ton Capital expenditures for existing mines $100 - $110 million Blue Creek project and other discretionary capital expenditures $335 - $390 million Mine development costs $28 - $38 million Selling, general and administrative expenses $55 - $65 million Interest expense $4 - $6 million Interest income $20 - $25 million Income tax expense 14% - 18% Key factors that may affect outlook include: • Two planned longwall moves remaining in Q4, • HCC index pricing, geography of sales and freight rates, • Exclusion of other non-recurring costs, • Terms of any new labor contract, and • Inflationary pressures. The Company's guidance for its capital expenditures consists of sustaining capital spending of approximately $100 - $110 million, including regulatory and gas requirements, and capital spending of $325 - $375 million for the development of the Blue Creek reserves and $10 - $15 million for the final 4 North bunker construction. The Company's production guidance contains approximately 200,000 short tons of High Vol A steelmaking coal in the second half of 2024 from the continuous miner units from the Blue Creek reserves, which are expected to be sold in the second half of 2025 after the preparation plant comes online. The Company does not provide reconciliations of its outlook for cash cost of sales (free-on-board port) to cost of sales in reliance on the unreasonable efforts exception provided for under Item 10(e)(1)(i)(B) of Regulation S-K. The Company is unable, without unreasonable efforts, to forecast certain items required to develop the meaningful comparable Generally Accepted Accounting Principles ("GAAP") cost of sales. These items typically include non-cash asset retirement obligation accretion expenses, mine idling expenses and other non-recurring indirect mining expenses that are difficult to predict in advance in order to include in a GAAP estimate. The unavailable information could have a significant impact on the Company's reported financial results. Use of Non-GAAP Financial Meas