 Annual Shareholders Meeting Linthicum Heights, MD James F. Roberts Chairman of the Board and CEO Mining the Past…Powering the Future May 22, 2008 Exhibit 99.1 |
 1 Presentation Overview Financial Performance Report Card on Company Initiatives Market Outlook |
 2 Annual Performance and 2008 Guidance 63% 260% 202% 17% 0 20 40 60 80 2004 2005 2006 2007 2008E Coal Shipments 0 250 500 750 1,000 1,250 1,500 1,750 2004 2005 2006 2007 2008E Revenues 0 100 200 300 400 500 600 2004 2005 2006 2007 2008E 2009E Adjusted EBITDA 20 30 40 50 60 70 2004 2005 2006 2007 5/20/2008 Closing Share Price |
 3 Financial Guidance 2008 Guidance 2007 Actual Change (%) Revenues $1,595 – $1,650 $1,490 7 – 11% Adjusted EBITDA $335 – $385 $308 9 – 25% Net Income Excluding Special Items $50 – $72 $41* 22 – 76% Earnings per Diluted Share Excluding Special Items $1.05 – $1.55 $0.88* 19 – 76% NOTE: Excludes charges for employee and coal supply termination expenses at the Wabash mine of $9.0 million, a non-cash charge related to the accelerated amortization of deferred debt issuance costs of $0.2 million, and a benefit of $0.8 million due to a premium refund settlement from the Combined Benefit Fund. (In millions, except per share items) |
 Report Card on Company Initiatives Initiative Status Impact Belle Ayr Overland Conveyor Completed in 3Q 2007 Increases production capacity, saves diesel fuel and truck tires Second Emerald Longwall Completed in 1Q 2008 Increases NAPP production capacity to 14 million tons annually; adds production flexibility PRB LBA Successful bid in 1Q 2008 Increases reserves by 250 million tons; extends Eagle Butte by 10 years Safety Initiatives Continuing Reported second best year in company history Organic Mine Growth •Foundation Mine •Freeport Mine •Harts Creek Mine •Continuing •Continuing •Continuing •$400 million capital; 7-21 million tons •$300 million capital; 2-3 million tons •$120 million capital; 2 million tons Acquisitions and Investments •LaBelle Dock •Target Drilling •Completed in 4Q 2007 •Completed in 1Q 2008 •Increases transportation flexibility •Provides controlled access to drilling partner Coalbed Methane Development Continuing New business development 4 |
 Typical Surface Directional Well 5 |
 Coal Prices Continue Upward 6 |
 Coal Is A Global Commodity 7 |
 Mining the Past…Powering the Future |