Warrior Met Coal Inc (FRA:WJ4)
€ 63 -5.5 (-8.03%) Market Cap: 3.30 Bil Enterprise Value: 2.91 Bil PE Ratio: 9.87 PB Ratio: 1.79 GF Score: 68/100
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Q2 2024 Warrior Met Coal Inc Earnings Call Transcript

Aug 1, 2024 / 08:30 PM GMT
Release Date Price: €59.5 (-6.30%)

Key Points

Positve
  • Warrior Met Coal Inc (HCC) achieved double-digit increases in both sales and production volumes despite weaker global demand.
  • The company generated $147 million of cash from operations, resulting in free cash flow of $25 million after funding $122 million of CapEx and mine development.
  • Significant progress was made on the Blue Creek project, with major components for seam access completed on schedule.
  • Warrior Met Coal Inc (HCC) reported a consolidated gross price realization of 90% in the second quarter.
  • The company has a strong liquidity position with $816 million in total available liquidity, including $709 million in cash and cash equivalents.
Negative
  • Global steelmaking coal prices experienced a sharp decline, impacting the company's financial performance.
  • The company faced challenges with the temporary loss of the barging system due to lock failures, which could affect transportation costs.
  • Net income decreased to $71 million in Q2 2024 from $82 million in Q2 2023, driven by an 11% lower average net selling price.
  • Adjusted EBITDA margin decreased to 29% in Q2 2024 from 34% in Q2 2023.
  • Cash cost of sales increased to $260 million in Q2 2024 from $229 million in Q2 2023, driven by higher sales volumes and employee wages.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HCC.N - Warrior Met Coal Inc
Q2 2024 Warrior Met Coal Inc Earnings Call
Aug 01, 2024 / 08:30PM GMT

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Conference Call Participants
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* D'Andre Wright
* Walter Scheller
* Dale Boyles
* Lucas Pipes
* Nathan Martin
* Katja Jancic

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Presentation
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Operator [1]
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Good afternoon. My name is Drew, and I will be your conference call operator today. At this time, I would like to welcome everyone to the Warrior Second Quarter 2024 Financial Results Conference Call. [Operator Instructions] This call is being recorded and will be available for replay on the company's website. I would like to turn the conference over to D'Andre Wright, Vice President of External Affairs and Communications. Please go ahead.

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