Daniel Bore

Douglas Weiss

- **North American Mining**, a subsidiary of NACCO Industries, has secured a **new 10-year contract** to provide **limestone mining services in Ft. Myers, Florida**.  **[789933_20250925CL82728:0]** 
- This agreement expands North American Mining's presence to **19 mining operations statewide** and represents the **third quarry for the same customer**, reinforcing an existing long-term relationship.  **[789933_20250925CL82728:0]** 
- The contract includes **comprehensive services** such as strategic mine planning, mining operations, parts supply, and inventory services.  **[789933_20250925CL82728:0]**

NACCO Industries' North American Mining Secures New 10-Year Limestone Mining Contract

- NACCO Industries (NC) operates as a diversified natural resources platform, emphasizing long-term contracts and stable cash flows, with a target of **$150 million** in EBITDA over the next five to seven years, up from **$57 million** trailing twelve months EBITDA.  **[789933_tx_375155_1]** **[789933_tx_375155_5]** 
- The company's organic growth strategy leverages cash flows and expertise from its legacy coal mining business to expand into contract mining, including a **lithium mine** in Nevada, mineral and royalty investments, and ecological solutions.  **[789933_tx_375155_1]** **[789933_tx_375155_2]** **[789933_tx_375155_3]** **[789933_tx_375155_5]** 
- NACCO Industries has invested **$94 million** in its mineral and royalty business over several years and anticipates an additional **$11 million** in annual EBITDA starting in **2026** from new projects signed in **2024**.  **[789933_tx_375155_3]** **[789933_tx_375155_5]** **[789933_tx_375155_6]** 
- A dual-class stock structure, with Class A shares publicly traded and Class B shares (primarily held by the founding family) having **ten votes per share**, enables the company to pursue long-term investments without being solely driven by quarterly earnings.  **[789933_tx_375155_7]**

NACCO Industries Discusses Long-Term Growth Strategy and Financial Targets

- **NACCO Industries, Inc. (NC)** released an updated investor presentation on **August 25, 2025**, emphasizing its strategic position as a diversified natural resource platform.  **[789933_0000789933-25-000046_nacco-20250825.htm:2]** **[789933_0000789933-25-000046_naccoupdatedinvestorpres.htm:3]** 
- The company anticipates **$50 million in recurring EBITDA annually** from its current businesses and is targeting **$150 million in EBITDA** within the next 5 to 7 years, reaching an **"Inflection Point" in 2025**.  **[789933_0000789933-25-000046_naccoupdatedinvestorpres.htm:3]** **[789933_0000789933-25-000046_naccoupdatedinvestorpres.htm:4]** **[789933_0000789933-25-000046_naccoupdatedinvestorpres.htm:8]** 
- New projects and investments initiated in 2024 are projected to contribute over **$11 million in annual EBITDA starting in 2026**.  **[789933_0000789933-25-000046_naccoupdatedinvestorpres.htm:4]** 
- As of **June 30, 2025**, NACCO reported **$139.9 million in total liquidity** ($49.4 million cash and $90.5 million available under revolving credit facility) and **$95.5 million in total debt**, reflecting a conservative balance sheet.  **[789933_0000789933-25-000046_naccoupdatedinvestorpres.htm:7]**

NACCO INDUSTRIES (NC)