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Integrated Mine Plan Complete with Estimated Net Present Value of $1.6 billion

Average Annual Production of 4.7 Million Tons at First Quartile Cost and Mine Life of 25+ years

Thus far, two continuous miner units have been commissioned and the mine successfully produced its first development coal in June. The prep plant successfully washed its first coal and moved it to stockpile via the overhead belts in September. Peabody expects to commission a third continuous miner and ship the first cargo of coal in the fourth quarter.

Centurion is set to significantly enhance Peabody's metallurgical coal production with average volume of 4.7 million tons per year at expected costs of $105 per ton over the twenty-five plus year life of the mine. Centurion will also reposition the metallurgical coal portfolio toward higher quality premium met coals.

"We anticipate demand for premium hard coking coals to grow significantly," Malcolm Roberts, Peabody's Chief Marketing Officer, said. "While demand for this product continues to grow, new projects are increasingly rare, making Centurion's product highly sought after."

At September 30, 2024, Peabody has completed approximately $250 million of the anticipated $489 million of initial development capital to achieve longwall production in March 2026. With a $210 per metric ton benchmark price assumption, Centurion has an estimated net present value of $1.6 billion and a 25 percent internal rate of return.

Concurrent with this release, Peabody has issued a presentation on the Centurion project that can be found on the investor section of www.peabodyenergy.com.

Peabody BTU is a leading coal producer, providing essential products for the production of affordable, reliable energy and steel. Our commitment to sustainability underpins everything we do and shapes our strategy for the future. For further information, visit www.PeabodyEnergy.com.

Contact:

Karla Kimrey

ir@peabodyenergy.com

Forward-Looking Statements

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SOURCE Peabody

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