Warrior Met Coal — Feb 13, 2025 release

Company Outlook The Company's outlook for 2025 is subject to many risks that may impact performance, such as market conditions in the steel and steelmaking coal industries and overall global economic and competitive conditions, all as more fully described under Forward-Looking Statements. The Company's guidance for the full year 2025 is outlined below. Coal sales 8.2 - 9.0 million short tons Coal production 7.8 - 8.6 million short tons Cash cost of sales (free-on-board port) $117 - $127 per short ton Capital expenditures for sustaining existing mines $90 - $100 million Capital expenditures for Blue Creek project $225 - $250 million Mine development costs for Blue Creek project $95 - $110 million Depreciation and depletion $185 - $210 million Selling, general and administrative expenses $65 - $75 million Interest expense $4 - $6 million Interest income $10 - $15 million Income tax expense rate 10% - 15% Key factors that may affect outlook include: • Three planned longwall moves (one in Q2 and two in Q3), • HCC index pricing, geography of sales and freight rates, • Exclusion of other non-recurring costs, • New labor contract, and • Inflationary pressures. The Company's guidance for its capital expenditures consists of sustaining capital spending of approximately $90-$100 million, including regulatory gas requirements and final 4 North bunker construction, and discretionary capital spending of $225-$250 million for the development of the Blue Creek reserves. The Company's production and sales guidance contains approximately 1.0 million short tons of High Vol A steelmakin