-----BEGIN PRIVACY-ENHANCED MESSAGE-----Proc-Type: 2001,MIC-CLEAROriginator-Name: webmaster@www.sec.govOriginator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQABMIC-Info: RSA-MD5,RSA, SycekafbZ0jCu4sRb7vZCNzjY/UGi31o4s9mvp0fNcPh4fCgFOTjY21JVCxbehjN oh002MprW6RqASpg4ORsCA==0000950137-09-001081.txt : 200902170000950137-09-001081.hdr.sgml : 2009021620090217101959ACCESSION NUMBER:0000950137-09-001081CONFORMED SUBMISSION TYPE:8-KPUBLIC DOCUMENT COUNT:26CONFORMED PERIOD OF REPORT:20090217ITEM INFORMATION:Regulation FD DisclosureITEM INFORMATION:Financial Statements and ExhibitsFILED AS OF DATE:20090217DATE AS OF CHANGE:20090217FILER:COMPANY DATA:COMPANY CONFORMED NAME:PEABODY ENERGY CORPCENTRAL INDEX KEY:0001064728STANDARD INDUSTRIAL CLASSIFICATION:BITUMINOUS COAL & LIGNITE SURFACE MINING [1221]IRS NUMBER:134004153STATE OF INCORPORATION:DEFISCAL YEAR END:1231FILING VALUES:FORM TYPE:8-KSEC ACT:1934 ActSEC FILE NUMBER:001-16463FILM NUMBER:09607947BUSINESS ADDRESS:STREET 1:701 MARKET STCITY:ST LOUISSTATE:MOZIP:63101-1826BUSINESS PHONE:3143423400MAIL ADDRESS:STREET 1:701 MARKET STCITY:ST LOUISSTATE:MOZIP:63101-1826FORMER COMPANY:FORMER CONFORMED NAME:P&L COAL HOLDINGS CORPDATE OF NAME CHANGE:199806238-K1c49445e8vk.htmFORM 8-Ke8vk

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) February17, 2009

PEABODY ENERGY CORPORATION

(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction of
incorporation or organization) 1-16463
(Commission File Number) 13-4004153
(I.R.S. Employer Identification No.)

701 Market Street, St. Louis, Missouri
(Address of principal executive offices) 63101-1826
(Zip Code)

Registrants telephone number, including area code (314)342-3400

N/A
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filingobligation of the registrant under any of the following provisions:

oWritten communications pursuant to Rule425 under the Securities Act (17 CFR 230.425)

oSoliciting material pursuant to Rule14a-12 under the Exchange Act (17 CFR 240.14a-12)

oPre-commencement communications pursuant to Rule14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

oPre-commencement communications pursuant to Rule13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item7.01. RegulationFD Disclosure.

On February17, 2009, Peabody Energy Corporation (Peabody) management will address investors atthe Morgan Stanley Global Basic Materials Conference in New York City. A related writtenpresentation is furnished as Exhibit99.1 hereto.

Item9.01. Financial Statements and Exhibits.

(d)Exhibits.

Exhibit No. Description of Exhibit

99.1

Peabody written presentation dated February17, 2009.

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly causedthis report to be signed on its behalf by the undersigned hereunto duly authorized.

PEABODY ENERGY CORPORATION
February 17, 2009 By: /s/ Kenneth L. Wagner Name: Kenneth L. Wagner Title: Vice President, Assistant General Counseland Assistant Secretary

3

EXHIBIT INDEX

Exhibit No. Description of Exhibit

99.1

Peabody written presentation dated February17, 2009.

4

EX-99.12c49445exv99w1.htmEX-99.1exv99w1

Exhibit 99.1

MORGAN STANLEYGLOBAL BASIC MATERIALS CONFERENCERick Navarre PresidentFeb. 17, 2009

Statement onForward-Looking InformationSome of the following information contains forward-looking statements within the meaning of Section 27A of theSecurities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, and is intended to comewithin the safe-harbor protection provided by those sections.Our forward-looking statements are based on numerous assumptions that the company believes are reasonable, butthey are open to a wide range of uncertainties and business risks that may cause actual results to differ materially fromexpectations as of Jan. 27, 2009. These factors are difficult to accurately predict and may be beyond the company'scontrol. The company does not undertake to update its forward-looking statements. Factors that could affect thecompany's results include, but are not limited to: the outcome of commercial negotiations involving sales contracts orother transactions; credit and performance risk associated with customers, suppliers, trading and financialcounterparties; the availability, timing of delivery and cost of key equipment and commodities; transportation availability,performance and costs including demurrage; geologic, equipment and operational risks associated with mining; ourability to replace coal reserves; worldwide economic and political conditions; labor availability and relations; the effectsof mergers, acquisitions and divestitures; legislative and regulatory developments, including mercury and carbondioxide-related limitations; the outcome of pending or future litigation; coal and power market conditions; impact ofweather on demand, production and transportation; availability and costs of competing energy resources; risksassociated with our Btu Conversion initiatives; global currency exchange and interest rate fluctuation; liquidity andaccess to capital; wars and acts of terrorism or sabotage; political risks, including expropriation; and other risks detailedin the company's reports filed with the Securities and Exchange Commission. The use of "Peabody," "the company,"and "our" relate to Peabody, its subsidiaries and majority-owned affiliates.EBITDA or Adjusted EBITDA is defined as income from continuing operations before deducting early debtextinguishment costs, net interest expense, income taxes, minority interests, asset retirement obligation expense anddepletion, depreciation & amortization. For a reconciliation of EBITDA (or Adjusted EBITDA), a non-GAAP measure, toincome from continuing operations before income taxes and minority interests, the most comparable GAAP measure,please see PeabodyEnergy.com and the company's documents filed with the SEC.1/27/09

BTU: The Only GlobalPure-Play Coal InvestmentStrategic actions have led to a 2008performance that reveals the power ofPeabody's global platformThe ultimate market rebound may bestronger than expected due to long-term demand and lack of investmentBTU is uniquely suited to benefitfrom industry fundamentals both in thenear and long termThree Key Takeaways

Global Coal Markets Impactedby Global Economic DownturnGlobal steel production down as much as 30%in fourth quarter of 2008U.S. steel producers trough out at 33% capacityutilization in late DecemberGlobal generation growth nearly cut in half to2.7% in 2008U.S. generation off ~2% in second half of 2008on mild summer and recessionU.S. exports to Europe slowNatural gas prices create instances oflower coal burn in U.S. and Europe

13 Months and Three Trendsin Volatile Global Coal MarketsNewcastle and API4 (South Africa coal for delivery to Europe) pricing for prompt quarter delivery.API4NewcastleJanuaryJulyDecemberChange in Major Benchmark Coal PricesRiseFallStabilizingRecovery??2009

Sharp Rebound LikelyWhen Markets RecoverSignificant demand from electricity use byemerging nationsGeology, permitting and safety compliancechallenges in certain high-cost regionsFinancing will be an industry challengeLack of investment during financial crisis likelyto lead to even stronger reboundsChallenging markets lead to improvedacquisition environment

Global Coal Supply-Demand:Swift Response to Rebalance2008 Seaborne Met Demand(Tonnes in Millions)Pacific 143Atlantic 72 2152008 Seaborne Thermal Demand(Tonnes in Millions)Pacific 378Atlantic 222 6002009 SEABORNE METPotential Demand CutsSteel Production (30 - 40)Announced Supply CutsAnnounced Cuts (45 - 50)From 75% of SeaborneSupply BaseSEABORNE THERMALStronger in Pacific ThanAtlantic; Largely in BalanceFollowing U.S. Export CutsSource: Industry and company reports, Peabody analysis. Updated Feb. 9, 2009. Seaborne met includes ~10 million tons of announced U.S. met coalreductions and 5 - 10 million tons shift of met to thermal coal.7

Global Coal Supply-Demand:Swift Response to Rebalance2009 U.S. COALPotential Demand CutsGeneration (15 - 20)Low Natural Gas (10 - 15)Reduced Exports (15 - 20)Stockpiles (15 - 20)Announced Supply CutsAnnounced Cuts (45 - 50)From Half of U.S.Production Base2008 U.S. Coal Metrics(Tons in Millions)U.S. Demand: 1,121Production: 1,168Exports: 80 Thermal: 36 Met: 44Imports: 32Stockpiles: 166Source: Industry and company reports, Peabody analysis. Demand cuts assume GDP decline of 1.5 to 2.0%; Natural gas assumptions based onhypothetical natural gas prices throughout 2009 in the $4.00 to $5.00 range. Stockpile demand cuts assume a transition to target levels. Includes~10 million tons of announced U.S. met coal reductions.8

China Continues to Reduce ExportsWhile India Increases ImportsChina reduced thermal coalexports 21% in 2008Issues 20% fewer exportlicenses YTD 2009Discouraging exports throughhigher thermal and met coalexport tariffsIndia is the fastest-growingcoal importer in the worldStockpiles below 4 days atmany coal plantsThermal coal imports set tonearly quadruple over 4 yearsChina and India Represent Nearly Half of Global Coal Demand

Compound AnnualGrowth Rate0.6%1.7%2.9%2.9%5.1%Coal Continues to bethe World's Fastest Growing FuelSix-Year Change in Global Energy ConsumptionSource: BP Statistical Review of World Energy, June 2008. Coal Natural Gas Hydro Oil Nuclear 2002 - 2004 35.15 19.02 18.93 10.53 3.5135%2001 - 2007 Change19%11%19%4%CoalNatural GasOilHydroNuclearSeaborne Coal Demand Grew 7% Annually

International Energy Agency Projects61% Growth in Global Coal Use by 2030Source: International Energy Agency, World Energy Outlook 2008.

Global Coal Plant Buildout: 200 GW UnderConstruction; 700 MTPA of Coal Use30 Units in U.S. Under Construction Requiring ~70 MTPA of CoalThe 1,600 MWPrairie StateEnergy Campusis underconstruction inSouthern IllinoisIncludes units under construction and newly completed for 2009.

Obama Administration: Coal is "A GreatResource"; More Funding Proposed"Coal is a vital resourcein our country. Itprovides about 50% ofour electricity."Recent Poll: 72% of Opinion Leaders Support Use of Coal"The coal resources inthe United States areimmense. I am hopefuland optimistic we canuse those resources in aclean way. It's really aquestion of technology.I think we will be usingthat great naturalresource.""We'll invest intechnology that will allowus to use more coal,America's most abundantenergy source, with thegoal of creating five first-of-a-kind coal-fireddemonstration plants withcarbon capture andsequestration."PresidentBarack ObamaSecretary of EnergySteven ChuEPA AdministratorLisa JacksonSource: President Obama: Aug. 4, 2008 speech in Lansing, Mich.; Secretary of Energy Chu: Jan. 13, 2009 Senate Energy and Natural ResourcesCommittee hearing; EPA Administrator Jackson: Jan. 14, 2009 Senate Committee on the Environment and Public Works hearing.

Coal Markets SummaryCoal Remains World's Largest andFastest-Growing FuelCoal Markets Impacted by Global EconomicDownturn but Global Supply Cuts SignificantMarkets Showing Some Early Positive SignsLack of Investment Likely to Drive EventualSharp ReboundClean Coal Technologies Pave the Way forLower-Carbon Future

Peabody is the LargestPrivate-Sector Coal CompanyRio TintoBHPArchAnglo-AmericanConsolXstrataFoundationMasseyAlpha NaturalResourcesInternational CoalSource: Most recent company reports and websites, SEC filings and Peabody analysis. Values are on a short-ton basis. Peabody reservesbased on 2007 data, sales based on 2008 data.Annual Sales (Tons in Millions)Reserves (Tons in Billions)Patriot

2003 2004 2005 2006 2007 2008 2226 2763 3598 4051 4545 6593 2003 2004 2005 2006 2007 2008 422 490.1 696.4 910.9 968.6 1847.3Peabody: Strong Track Record of Results 2003 2004 2005 2006 2007 2008 182.2 202.6 216.1 223.3 237.8 255.5EBITDAIn millions. Reflects results from continuing operations for 2004 - 2008. 2003 values as reported. Sales volumes and 2008 values unaudited.RevenuesSales VolumeTons Sold256$6,593$1,847

Revenue 45%EBITDA 91%Operating Profit 135%EPS 122%Operating Cash Flow 209%BTU: Performance Sets Recordsin All Financial MetricsAvailable Liquidity of ~$2 BillionOperating Cash Flow of $1.41 BillionDollars in millions except EPS. Values represent continuing operations. Unaudited.

BTU Advantage: Global PlatformOffers Growing and Diverse Earnings 1st Qtr 2nd Qtr 1 992003International EBITDA Share Grows to +50% in 2008 1st Qtr 2nd Qtr 52 482008United StatesInternational 1st Qtr 2nd Qtr 21 792007$422 Million$969 Million$1.85 BillionValues represent continuing operations, 2008 unaudited.

BTU Focus Areas for 2009Continue focus on strong costcontrol and productivityRecord safety year in 2008Stable U.S. costs for last three quartersIncrease contributions fromhigh-margin operationsNorth Antelope RochelleEl SegundoHigh-quality met minesExercise tight capital disciplineEvaluate opportunisticacquisitions amid distressedmarketsPursue global trading,infrastructure and jointventure opportunities

Why Peabody is Well Positionedto Weather the DownturnBroad geographic diversityBest access to high-growthglobal marketsAccess to capital toseize opportunitiesInstalled capacity torespond to upturnLeading trading positionoffers first-mover advantageLargely contracted for2009 and 2010UnpricedVolumes(Tons in Millions)United States 2009: Sold Out 2010: 45-55 (~25%)Australia Met 2009: 4-5 2010: 7-8Australia Thermal 2009: 5-6 2010: 10-11

Peabody: A Global Leader inBtu Conversion and Clean Coal SolutionsOnly non-Chineseequity partner inGreenGen, China'scenterpiece coal /climate initiativePartnering withConocoPhillipson new coal-to-natural gasfacility inKentuckyGreatPointEnergy todevelopcoal-to-gasplants*Shengli 3Advancing InnerMongolianmine andcoal-to-methanolconversionprojectContinue as a Global Leader in Clean Coal SolutionsKentucky NewGas

Peabody Uniquely PositionedAmong Coal Peers for SuccessServing major long-term demandgrowth in emerging nationsAble to avoid geology, permitting andcompliance issues in high-cost regionsNot challenged by liquidity orinability to access capitalAble to be opportunistic in acquisitionsduring challenging marketsStrengthBTU PeersBTU: The Only Global Pure-Play Coal InvestmentX???

2003 2004 2005 2006 2007 2008 EBITDA ($ in Millions) 422 490 696 911 969 1847Peabody's EBITDA and Share PriceSharply Diverge in 2008Share Price ($)Peabody values reflect 30-day moving average, the March 2005 and February 2006 2-for-1 stock splits and discontinued operationsincluding the 2007 Patriot Coal spinoff.23

MORGAN STANLEYGLOBAL BASIC MATERIALS CONFERENCERick Navarre PresidentFeb. 17, 2009GRAPHIC3c49445c49445z0001.gifGRAPHICbegin 644 c49445c49445z0001.gifM1TE&.#=A[@(R`O