NAPTP 2015 MLP Investor Conference May 21, 2015 Forward-Looking - PowerPoint PPT Presentation

NAPTP 2015 MLP Investor Conference May 21, 2015

Forward-Looking Statements TM Some of the information included in this presentation constitutes “forward -looking statements.” All statements in this presentation that express opinions, expectations, beliefs, plans, objectives, assumptions or projections with respect to anticipated future performance of SunCoke Energy, Inc. (SXC) or SXCP, in contrast with statements of historical facts, are forward-looking statements. Such forward-looking statements are based on management’s beliefs and assumptions and on information currently available. Forward -looking statements include information concerning possible or assumed future results of operations, business strategies, financing plans, competitive position, potential growth opportunities, potential operating performance improvements, the effects of competition and the effects of future legislation or regulations. Forward-looking statements include all statements that are not historical facts and may be identified by the use of forward- looking terminology such as the words “believe,” “expect,” “plan,” “intend,” “anticipate,” “estimate,” “predict,” “potential,” “continue,” “may,” “will,” “should” or the negative of these terms or similar expressions. Although management believes that its plans, intentions and expectations reflected in or suggested by the forward-looking statements made in this presentation are reasonable, no assurance can be given that these plans, intentions or expectations will be achieved when anticipated or at all. Moreover, such statements are subject to a number of assumptions, risks and uncertainties. Many of these risks are beyond the control of SXC and SXCP, and may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Each of SXC and SXCP 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. For more information concerning these factors, see the Securities and Exchange Commission filings of SXC and SXCP. All forward-looking statements included in this presentation are expressly qualified in their entirety by such cautionary statements. Although forward-looking statements are based on current beliefs and expectations, caution should be taken not to place undue reliance on any such forward-looking statements because such statements speak only as of the date hereof. SXC and SXCP do not have any intention or obligation to update publicly any forward-looking statement (or its associated cautionary language) whether as a result of new information or future events or after the date of this presentation, except as required by applicable law. This presentation includes certain non-GAAP financial measures intended to supplement, not substitute for, comparable GAAP measures. Reconciliations of non-GAAP financial measures to GAAP financial measures are provided in the Appendix at the end of the presentation. Investors are urged to consider carefully the comparable GAAP measures and the reconciliations to those measures provided in the Appendix. 1 NAPTP 2015 MLP Investor Conference

About SXC and SXCP TM Raw materials processing and handling company with growth opportunities in cokemaking, coal logistics & other industrial verticals • General Partner & 56% LP owner of • Long-term, fee-based, take-or-pay SXCP, with 100% of IDRs contracts that generate stable cash flow with minimal commodity risk • Capitalized to finance and develop • Significant growth opportunities via long-term growth projects dropdowns and acquisitions • Allocate capital to shareholders via • Significant flexibility to fund growth dividends and share repurchase with cash, debt and equity 2 NAPTP 2015 MLP Investor Conference

SXCP Investment Thesis Well positioned to drive long-term value creation Strong Sponsor Support Stable, Long-term Business Model Significant Investor Value Proposition Visible Distribution Outlook Potential Growth Opportunities 3 NAPTP 2015 MLP Investor Conference

SXC & SXCP Organizational Structure TM SXC owns: 2% GP interest 56% LP interest 100% IDRs Coal Mining* Domestic International (~110M tons Coke Coke SXC provides via Omnibus reserves) Agreement: • Commercial contract support; Middletown 5 yrs from IPO (2% interest) • Environmental indemnification for coke assets; 5 yrs from IPO • Preferential rights to coke Haverhill Coal Logistics Cokemaking growth in U.S. & Canada (2% interest) • First rights to SXC coke assets, if divested Middletown Granite City (98% interest) (25% interest) KRT Haverhill Indiana Harbor (98% interest) Lake Terminal Granite City Jewell Coke (75% interest) 4 NAPTP 2015 MLP Investor Conference * Segment classified as discontinued operations in Q3 2014

Business Verticals TM Raw materials processing and handling company with growth opportunities in cokemaking, coal logistics & other industrial verticals Current Business Future Platforms Cokemaking Coal Logistics Industrial Materials • 6.3M tons total global capacity; • Strategically located coal • Actively pursuing MLP- 4.2M tons in U.S. handling terminals with access qualifying industrial materials to rail, barge and truck processing and handling assets • Fee-based, take-or-pay contracts with key commodity • Fee per ton handled, limited and operating pass-through commodity risk provisions • Long-term customer • Technology meets or exceeds relationships environmental standards 5 NAPTP 2015 MLP Investor Conference

Coke Market Dynamics TM Coke is an essential ingredient in blast furnace steel production Coke Market Overview US and Canada Coke Supply • U.S. BF/BOF steel production Integrated Coke outlook driven by automotive & construction 25% Other: Imports, Merchant & Foundry ─ Serve strategic customer blast 7% 63% furnace assets that primarily DTE support auto industry 5% SunCoke • Expected stable coke utilization Aging Cokemaking Facilities implies continued demand of 14Mt – 17Mt Average Age % of U.S. & Canada coke production 39 29% 27% • Macro thesis playing out with recent coke battery retirements 9 ─ ~1.1Mt capacity retired YTD 2015 ─ Anticipate ~1Mt shortage by 2018 SunCoke U.S. & Canada Column1 30-40 years 40+ years (ex. SunCoke) 6 NAPTP 2015 MLP Investor Conference

Stable Cokemaking Business Model TM Long-term, take-or-pay contracts coupled with commercial protection via Omnibus Agreement insulate business from industry cyclicality Key Contract Provisions/Terms Contract Value Propositions • Customers required to take all the coke we produce up to contract Fixed Fee  maximum  Take-or-Pay • Long-term, take-or-pay nature provides stability during market & industry downturns (1)  /  Termination Provisions • Additional commercial support from Omnibus Agreement 15 – 20 Contract Duration years • Commodity risk minimized by passing through coal, transportation Avg. Remaining Contract Life & certain operating costs to customer 9 years • No early termination without default, except one contract under Pass-through provisions: limited circumstances (1)  Cost of Coal • Counterparty risk mitigated by contracting with customers’  Coal Blending & Transport respective parent companies Operating & Maintenance Costs   Taxes (ex. Income Taxes)  Positioned as primary source of coke supply at Changes in Regulation  customers’ strategic blast furnace assets (1) AK Steel contract at Haverhill 2 has termination right only with permanent closure of blast furnace steelmaking at their Ashland, KY facility and no replacement production elsewhere. AK must also provide 2-year notice and pay significant fee if termination right exercised prior to 2018. 7 NAPTP 2015 MLP Investor Conference

Coal Logistics TM Coal Logistics complements our cokemaking business and broadens exposure to industrial customers Platform for Growth Strategically located assets with access to barge, rail and truck Experienced management team capable of driving growth Broadening customer base diversifies credit and market risk 8 NAPTP 2015 MLP Investor Conference

Distribution Performance Delivered 39% increase in cash distributions on strength and stability of existing business • Anticipate raising cash SXCP Distribution Growth 8 th consecutive distributions per unit 6% in 2015 quarterly increase +39% $0.6055 ─ Projected Q4 2015 per unit rate $0.5715 of $0.6055, or $2.42 annualized • Outlook reflects tighter targeted $0.4125 MQD (1) coverage ratio FY LQA: $2.42/unit Revised Outlook $0.5854 $0.5516 $0.5408 $0.5275 ─ Long-term, stable cash flows and $0.5150 $0.5000 $0.4750 minimal commodity risk $0.4225 $0.4325 $0.3071 ─ Strong liquidity position with >$90M cash (2) May ‘13 Aug ‘13 Nov ‘13 Feb ‘14 May ‘14 Aug ‘14 Nov ‘14 Feb ‘15 May ‘15 Feb ‘16E (1) MQD – Minimum quarterly distribution. (2) Actual distribution pro-rated to reflect timing of SXCP IPO. 9 NAPTP 2015 MLP Investor Conference