Natural Resource Partners L.P. Davenport & Company LLC Richmond, Virginia May 11, 2006. Forward-Looking Statements.
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Natural Resource Partners L.P.
Davenport & Company LLC
May 11, 2006
The statements made by representatives of Natural Resource Partners L.P. (“NRP”) during the course of this presentation that are not historical facts are forward-looking statements. Although NRP believes that the assumptions underlying these statements are reasonable, investors are cautioned that such forward-looking statements are inherently uncertain and necessarily involve risks that may affect NRP’s business prospects and performance, causing actual results to differ from those discussed during the presentation.
Such risks and uncertainties include, by way of example and not of limitation: general business and economic conditions; decreases in demand for coal; changes in our lessees’ operating conditions and costs; changes in the level of costs related to environmental protection and operational safety; unanticipated geologic problems; problems related to force majeure; potential labor relations problems; changes in the legislative or regulatory environment; and lessee production cuts.
These and other applicable risks and uncertainties have been described more fully in NRP’s 2005 Annual Report on Form 10-K. NRP undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information or future events.
Diverse Portfolio of Properties
Northern Powder River Basin
Reserves – 132 mm tons (7%)
Illinois Basin (1)
Reserves – 62 mm tons (3%)
Medium and High Sulfur
Reserves – 1,835 mm tons (90%)
Low, Medium, High Sulfur
Coal Producing Basins in U.S.
States in which NRP has Coal Reserves
Note: Reserve information as of December 31, 2005
(1) Does not include reserves associated with the 2nd and 3rd closings of Williamson Development acquisition in 2006.
Coal Royalty Revenues
No Direct Operating Costs or Risks
Active Acquisition History – Major Acquisitions