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SunCoke Energy, Inc. Provides 2013 Outlook And Hosts Its First Investor Day

In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, SunCoke Energy has included in its filings with the Securities and Exchange Commission cautionary language identifying important factors (but not necessarily all the important factors) that could cause actual results to differ materially from those expressed in any forward-looking statement made by SunCoke Energy. For more information concerning these factors, see SunCoke Energy’s Securities and Exchange Commission filings. All forward-looking statements included in this press release are expressly qualified in their entirety by such cautionary statements. SunCoke Energy does not have any intention or obligation to update any forward-looking statement (or its associated cautionary language) whether as a result of new information or future events, after the date of this press release except as required by applicable law.

SunCoke Energy, Inc.
Reconciliations
 
Reconciliation of Estimated 2012 Adjusted EBITDA to Net Income
  Low   High
(Dollars in millions)   (Estimated)   (Estimated)
Estimated 2012 Net Income $ 94 $ 104
Depreciation, depletion and amortization 80 78
Total financing costs, net 48 47
Income tax expense     25       34  
Estimated 2012 EBITDA   $ 247     $ 263  
Sales discounts 11 12
Noncontrolling interests     (3 )     (5 )
Estimated 2012 Adjusted EBITDA   $ 255     $ 270  

 

   

Reconciliation of 2012 Estimated Free Cash Flow

2012
(Dollars in millions)       (Estimated)
Estimated Cash Provided by Operations   In excess of   $ 179  
Estimated cash used in investing activities Approx. (75 )
Estimated distribution to noncontrolling interests   Approx.     (4 )
Estimated Free Cash Flow   In excess of   $ 100  
   

Reconciliation of Estimated 2013 Adjusted EBITDA to Net Income

Low High
(Dollars in millions)   (Estimated)   (Estimated)
Estimated 2013 Net Income $ 46 $ 63
Depreciation, depletion and amortization 99 94
Total financing costs, net 48 47
Income tax expense     10       18  
Estimated 2013 EBITDA   $ 202     $ 222  
Sales discounts 6 7
Noncontrolling interests (3 ) (4 )
Adjustments to unconsolidated affiliate earnings     0       5  
Estimated 2013 Adjusted EBITDA   $ 205     $ 230  
   

Reconciliation of Estimated 2013 Free Cash Flow

2013
(Dollars in millions)       (Estimated)
Estimated Cash Provided by Operations   In excess of   $ 140  
Estimated cash used in investing activities Approx. (200 )
Estimated distribution to noncontrolling interests   Approx.     (5 )
Estimated Free Cash Flow   In excess of   $ (65 )




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