International Coal Group, Inc. - FORM 8-K - EX-99.1 - WRITTEN PRESENTATION

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Simmons & Company Energy Conference

and

UBS Energy/Utility Conference

March 2, 2010

Ben Hatfield

President & Chief Executive Officer

Forward-Looking Statements

n Statements in this presentation that are not historical facts are forward-looking statements within the “safe harbor” provision of the Private
Securities Litigation Reform Act of 1995 and may involve a number of risks and uncertainties. We have used the words “anticipate,” “believe,”
“could,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project” and similar terms and phrases, including references to assumptions, to
identify forward-looking statements. These forward-looking statements are made based on expectations and beliefs concerning future events
affecting us and are subject to various risks, uncertainties and factors relating to our operations and business environment, all of which are difficult
to predict and many of which are beyond our control, that could cause our actual results to differ materially from those matters expressed in or
implied by these forward-looking statements. The following factors are among those that may cause actual results to differ materially from our
forward-looking statements: our ability to successfully refinance our outstanding indebtedness and reduce our leverage; market demand for coal,
electricity and steel; availability of qualified workers; future economic or capital market conditions; weather conditions or catastrophic weather-
related damage; our production capabilities; consummation of financing, acquisition or disposition transactions and the effect thereof on our
business; a significant number of conversions of our 9.00% Convertible Senior Notes due 2012 prior to maturity; our plans and objectives for future
operations and expansion or consolidation; our relationships with, and other conditions affecting, our customers; availability and costs of key
supplies or commodities, such as diesel fuel, steel, explosives and tires; availability and costs of capital equipment; prices of fuels which compete
with or impact coal usage, such as oil and natural gas; timing of reductions or increases in customer coal inventories; long-term coal supply
arrangements; reductions and/or deferrals of purchases by major customers; risks in or related to coal mining operations, including risks related to
third-party suppliers and carriers operating at our mines or complexes; unexpected maintenance and equipment failure; environmental, safety and
other laws and regulations, including those directly affecting our coal mining and production, and those affecting our customers’ coal usage; ability
to obtain and maintain all necessary governmental permits and authorizations; competition among coal and other energy producers in the United
States and internationally; railroad, barge, trucking and other transportation availability, performance and costs; employee benefits costs and labor
relations issues; replacement of our reserves; our assumptions concerning economically recoverable coal reserve estimates; availability and costs
of credit, surety bonds and letters of credit; title defects or loss of leasehold interests in our properties which could result in unanticipated costs or
inability to mine these properties; future legislation and changes in regulations or governmental policies or changes in interpretations or
enforcement thereof, including with respect to safety enhancements and environmental initiatives relating to global warming or climate change;
impairment of the value of our long-lived and deferred tax assets; our liquidity, including our ability to adhere to financial covenants related to our
borrowing arrangements; adequacy and sufficiency of our internal controls; and legal and administrative proceedings, settlements, investigations
and claims and the availability of related insurance coverage.

n You should keep in mind that any forward-looking statement made by us in this presentation or elsewhere speaks only as of the date on which the

statements were made. See also the “Risk Factors” in our 2009 Annual Report on Form 10-K and subsequent filings with the SEC which are
currently available on our website at www.intlcoal.com. New risks and uncertainties arise from time to time, and it is impossible for us to predict
these events or how they may affect us or our anticipated results. In light of these risks and uncertainties, you should keep in mind that any forward
-looking statement made in this presentation might not occur. All data presented herein is as of December 31, 2009 unless otherwise noted.

ICG Highlights

n Strong operating presence in 3 of 4 largest US coal-producing
regions - Central Appalachia, Northern Appalachia & Illinois Basin

n Extensive coal reserve holdings with 66% ownership

n Planned production growth is primarily from permitted underground
mines with less exposure to environmental issues

n Strong sales position with growing met coal portfolio

n 100% union-free workforce

n Solid balance sheet with minimal long-term legacy liabilities

Summary Statistics

Market capitalization1: $780.4 million

Coal reserves: 1.1 billion tons

Reserve life: Approximately 67 yrs

Employees: 2,600

2009 tons sold: 16.8 million

2009 tons produced: 16.3 million

1Market capitalization is based on 179.0 million shares outstanding and a stock price of $4.36 as of February 26, 2010

§ 13 active mining complexes - 8 in Central Appalachia, 4 in Northern Appalachia, and 1 in
Illinois Basin

§ Construction of flagship Tygart project is expected to resume in 2011 with initial production
in late 2012

Operating Strength
and Diversity

Production Growth Matched

to Market Demand

1 Management’s estimate as of February 26, 2010

Significant Idle Production

Capacity Available

§ Additional to current production and planned developments, nearly 3 million annual tons of
production capacity can be activated promptly in response to rising market demand

– Operations representing approximately 2.15 million tons/year are held in “hot idle” status
and require only moderate equipment investment for restart

– Another 0.75 million tons/year of production capacity are essentially permitted and
available for development within a 6-12 month timeframe

§ These production sources are generally higher cost mines that were either idled or development
-deferred in response to the weaker market of 2009

Tygart Represents World Class
Production Opportunity

§ Tygart #1 is the first of 3 or more mining
complexes planned for ICG’s 186 million ton
Hillman property in Northern WV

– High Btu, low- to medium-sulfur steam and
premium high volatile met quality coal

– Anticipating low costs due to longwall
mining, owned property, and favorable
geology

§ Projected to produce up to 3.5 million tons
per year at full output (50% met/50% steam)

– Startup in late 2012; full output mid-2014

– Targets a 40-50 million ton reserve area

§ Tygart expected to be one of ICG’s highest
margin operations due to low cost structure
and premium met/thermal marketability

§ Favorable geographic position relative to
Atlantic terminals and NE customer base

Excellent Reserve Position

§ ICG owns a larger portion of its
reserves than nearly all other
public producers

– Met reserves 71% owned

– Thermal reserves 64% owned

§ ICG controls 1.1 billion tons of
high-quality reserves that are
primarily high-BTU low-sulfur
thermal and premium met coals

% Ownership of Total Reserves

Geographic Distribution

of Reserves

30% Met Quality

325 million tons

70% Steam Quality

765 million tons

Reserves by Type

34% IL Basin

371 million tons

23% CAPP

256 million tons

43% NAPP

463 million tons

Production Shift Towards Underground
Mitigates Regulatory Risks

n Nearly all ICG growth is comprised of new or
expanding underground mining operations (rather
than surface mines)

– Incremental deep mine growth totaling 1.7
million TPY by 2011 is planned at Illinois,
Vindex, Beckley, Eastern & KY operations

– The largest component of anticipated deep
mine growth is the 3.5 million TPY Tygart #1
complex in NAPP

• Production ramp up is projected for 2012-2014

n Underground mining operations generally have
fewer regulatory hurdles than surface mines

n Reduced risk of regulatory permitting obstacles

Production by Mining Method

10% Surface

104 million tons

90% Underground

986 million tons

Reserves by Method

Projected Sales 16.7 - 17.3 16.5 - 18.0
(tons in millions)

Total Price Per Ton $63.00-$64.50 $65.00-$70.00

Metallurgical Uncommitted 1.0 2.6
(tons in millions)

Committed Tonnage1

1 Management’s estimate as of February 26, 2010

Favorable Sales Position

of
Sales

Uncommitted

Committed and not priced

Metallurgical Portfolio
Expanding Rapidly

Metallurgical Sales Growth1

Key drivers of met growth:

n Projected production increase at met mines
during 2009-2011 of nearly 700,000 tons/year

– Added 3rd section at Beckley (LV)

– Higher productivity at Sentinel (HV)

– New low volatile met Bismark mine is
being developed at Vindex; startup
projected for Q3 2010

n Sentinel met sales projected to increase from
14% in 2009 to 60% in 2010

– Completion of legacy utility contracts

– Increased market demand for Sentinel
quality

n Increase in met blend sales expected from
Powell Mountain (HV/PCI) and existing Vindex
mines (LV)

Increasingly Diversified
Customer Base

ICG Legacy Liabilities

Total: $144 million

Total Legacy Liabilities1

1 Source: Company Annual Reports as of December 31, 2008; legacy liabilities include post retirement benefits, black lung liabilities, reclamation liabilities,
workers compensation and Coal Act liabilities; Alpha pro forma for Foundation

($ in millions)

Lowest Legacy Liabilities

Among Peer Group

New ABL Credit Facility

n New ABL credit facility closed on February 22, 2010

n Replaces the $100 million credit facility set to expire in June
of 2011

n New facility provides:

– $125 million in borrowing capacity, an increase of $25 million

– $125 million in Letter of Credit capacity, an increase of $45 million

– Eliminates maximum leverage and minimum interest coverage ratio
requirements

– Provides for increased capital spending limits

– Secured by real and personal property of the Company

– Term runs through February 2014

Coal Market Outlook

l Current Market Conditions

l Review of Key Indicator Trends

l Market Outlook

Current Market Conditions

n Coal market sentiment continues to improve

– Natural gas prices seem to have stabilized in a range of $4.50 to $5.50

n Most key indicators trending favorably

– Steel capacity utilization continues on a steady, upward trajectory

– Metallurgical export demand continues to grow

– Utility inventories are dropping faster than expected

– Coal output continues to be restrained

– Over-the-counter thermal prices continue to improve

n However, areas of uncertainty temper optimism

– Continued mixed signals for sustained economic recovery

– Rail service has been difficult since late January

– Some concern that Chinese demand is slowing

– Natural gas rig count seems to be recovering prematurely

n Despite concerns, overall outlook is much improved

Quick Review of
Key Indicators

n Prompt-month OTC coal price trends

n EIA coal production data

n Natural gas storage

n Blast furnace utilization

Prompt-Month OTC
Coal Price Trends
Per ICAP-United, Inc.

EIA Coal Production Data

Natural Gas Storage - Now
(Per EIA - week ending 2/05/10)

At or above 5-Year
Range

Working Gas in Underground Storage Compared with 5-Year Range

Well within

5-Year Range

US Iron And Raw Steel Output
% Capacity Utilization

Source: Steelfacts, including AISI and US Dept. of Commerce

Short-term Market Outlook

n Thermal coal outlook improving - early signs of “inventory
stress” are beginning to appear

– Utilities that require high quality coals are feeling the met cross-over impact

– Nationwide utility inventories have dropped by nearly 40 million tons

– Rail carriers struggling with weather delays; expect transport issues to
continue into April, which would constrain 1st quarter shipments

n Rising metallurgical demand is expected to continue
attracting higher quality coals from the thermal market

– Broadly based speculation is that benchmark hard coking coal settlements
will land in the $200 to $240 range (fob vessel, metric tonne basis)

– 2009 benchmark was $129

n US coal production is expected to decrease through the first
quarter of 2010 and then begin to stabilize

Long-term Market Outlook

n Cold winter weather is forecast to extend into March

– Natural gas storage could be near normal by end of withdrawal season

– Coal utilization should be enhanced and inventory surplus significantly
reduced

n Strengthening US economic recovery should boost demand

n Thermal coal production is expected to remain suppressed

– Producers will be reluctant to increase production without strong and
sustained price signals

– Permit and regulatory issues could begin impacting production in late 2010

– New capital will generally favor metallurgical projects

n Utilities are expected to return to the spot market mid-2010
as burns improve

Summary

n Well-positioned to benefit from anticipated market improvement
with strong and diverse operating assets

– Nearly 3 million tons of idle production capacity available for opportunistic startup

– Prominent shift from surface mining to underground production is expected to
mitigate risk of regulatory delays

– Flagship Tygart #1 Complex is expected to resume construction in 2011

– Reserves of 1.1 billion tons include 325 million tons of met coal and are 66% owned

n Favorable sales outlook and growing met coal portfolio

– Having 90% of 2010 sales priced provides near term protection from weak thermal
markets while the 46% open 2011 position allows upside in a rising market

– Met sales are increasing by 250% in 2010 just as prices sharply escalate in response
to strong Asian demand

n As the market rebalances in 2010 and global stimulus efforts
take hold, increasing demand for low-cost electricity and steel
products should bode well for coal

Updated Guidance Summary
(Management Estimate as of February 26, 2010 )

2010 Guidance
Tons Sold	16.7-17.3 million tons
Metallurgical Tons Sold	2.4 million tons
Tons Produced	16.0-16.4 million tons
Average Selling Price	$63.00-$64.50/ton
• CAPP Selling Price	$70.50-$72.50/ton
• NAPP Selling Price	$60.50-$63.50/ton
• Illinois Basin Selling Price	$36.25-$36.75/ton
Cash Costs	$49.50-$51.50/ton
EBITDA	$170-$200 million
CapEx	$90-$100 million

2011 Guidance
Tons Produced and Sold	16.5-18.0 million tons
Metallurgical Tons Sold	2.7 million tons
Average Selling Price	$65.00-$70.00/ton