OCI Wyoming Overview Situated in Worlds Most Abundant Trona Reserves One of the largest and lowest cost producers of United States represents the vast majority of the worlds Trona reserves soda ash in the world Natural soda ash…
Sponsor Commitment Soda ash represents a significant part of OCI Companys business. OCI Company Financial Overview 2012 Founded in 1959, OCI is a leading global chemical and renewable energy company Polysilicon 27% Today, OCI is…
INVESTMENT HIGHLIGHTS
Essential Raw Material Soda ash is refined from mined Trona and is an essential raw material used in the production of glass, chemicals, and detergents. Trona Soda Ash End Markets Trona Sodium Carbonate Glass Sodium Sesquicarbonate…
Attractive Industry Structure Limited Natural Capacity Globally Well-Structured Industry (Production Method, by Percentage of Volume) (North America Soda Ash Market Share by Capacity) Other Synthetic Alcali 5% 2% Searles OCI…
Lowest Cost Soda Ash Production US soda ash producers using Trona have significant cost advantages from lower energy costs and raw material price exposures. U.S. Trona Solvay Hou Process Mining and refining Trona Synthetic production…
Significant Reserve Life Reserve Life Summary LOWER BED UPPER BED Ore Layout Summary Upper Bed 800ft Lower Bed 1,100ft Reserve Life Calculation (Hollberg) 8ft. minimum Basis 85% Grade Recoverable Reserves 267 mn ST Projected…
Trona Beds Closest to the Surface Beds 24 & 25 (closest to surface) are a key enabler for lower manufacturing costs due to lower halite impurities and that shallow beds are conducive to efficient mining. Schematic Section Green River…
Unique Pond Network Lowers Ore to Ash Ratio Wider pond surface area and a unique pond network facilitate the minimization of soda ash lost in processing Trona. Advantageous Facility Layout Ponds enable OCI to recover soda ash via deca…
Most Efficient Soda Ash Producer in Green River Basin OCI has the highest soda ash production per employee. We believe we have the most efficient soda ash production facility in the Green River Basin. Production Per Employee (x10 ST,…
Strong Safety Record and Environmental Responsibility Consistent safety recognition to date is a testament to our commitment. Long Tradition 2009, 2010 and 2011 IMA-NA / MSHA Top Safety Achievement Award (National) of Excellence…
Stable End-Markets with Broad Geographic Exposure Global Soda Ash Consumption U.S. Soda Ash Domestic / Export Split (By Percentage of Volume) by End Market (By Volume) Glass Products Flat Other 26% 19% Domestic 45% Metals…
Low-Cost Position Allows U.S. Producer to Serve Global Markets Demand is mature in North America, so industry growth is coming from international markets, particularly Latin America. Historical U.S. Soda Ash Domestic / Export Split (By…
Stable Customer Relationships Approximately 70% of OCIs domestic sales were made to customers with which OCI has had relationships in excess of 10 years. Sales Breakdown by Revenue Domestic Customers ( in millions) Majority export…
Organic and Acquisition Growth Opportunities OCI will capitalize on organic expansion & make accretive acquisitions to drive growth. Capitalize on organic expansion opportunities Emerging Market Growth Debottlenecking (Tailings…
OCI Wyomings Investment Highlights 1 Lowest Cost Soda Ash Production 2 Significant Reserve Life 3 Operational Advantages 4 Strong Safety Record and Environmental Responsibility 5 Stable Customer Relationships 6 Organic…
FINANCIAL SUMMARY
Operating and Financial Performance of OCI Wyoming, L.P. Soda Ash Volume Sold Operating Rate(1) (millions of ST) 97.3% 97.6% 98.6% 98.6% 2.5 2.3 2.2 2.3 89.5% 1.8 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 Total Net…
Strong Financial Position and Financial Strategy Total Debt / NTM Adjusted EBITDA of 1.2x Leverage & Liquidity Debt to Capitalization of 47% 45 million of available liquidity under our credit facilities at closing Distribution…
Appendix
Process Overview Mining Process Flow Continuous Mining Haulage Crushing Surge Storage Hoisting OCIs Unique Process Refining Process Flow Screening & Crushing Calcining Dissolving Filtering Deca Rehydration…
Facilities Overview and Mining Assets Mining Assets Mining Lease Map Land Surface Area: approx. Mining Assets 880 Acres 2 mining beds (upper Mine Lease Area: & lower) 23,500 Acres 6 large continuous mining machines Water Supply 5…
Stable and Growing Demand Global demand grew by 3% annually from 2009-2012. The growth in demand was primarily driven by China. Industry forecasts volume to grow 3-4% over the next 10 years with demand driven by emerging markets. Global…
Third Quarter 2013 Financial Highlights Millions (except Per Unit and Volume Amounts) 3Q13 3Q12 YTD 2013 YTD 2012 Net Sales 105.6 112.0 324.6 347.2 Net Income 13.9 23.9 45.2 79.3 Adjusted EBITDA 23.0 33.9 72.2 110.9 Cash provided…
Non-GAAP Reconciliation OCI Resources Pro Forma Year Ended 12/31/12 Nine Months Ended 9/30/13 Net Income 114.1 52.3 Add Depreciation and Amortization 23.7 18.1 Interest Expense (net) 4.6 1.8 Provision for Income Taxes -- --…
Non-GAAP Reconciliation OCI Resources Historical Year Ended December 31, 2008 2009 2010 2011 2012 Net Income 77.6 54.9 51.6 88.0 101.8 Add Depreciation and Amortization 22.7 22.6 23.2 22.2 22.9 Interest Expense (net) 7.4 3.4…
Capital Structure Capitalization OCI Resources Pro Forma Available Liquidity As of Facility Available ( in millions) ( in millions) September 30, Size Liquidity 2013 Revolving Credit Facility 10.0 10.0 Cash and Cash Equivalents…
IDR Structure and Subordination Period OCIR IDR Structure Marginal Percentage Distribution per Unit Range Interest in Distributions (expressed as % of MQD) LP Share GP Share From To Initial Split 98% 2% 0% -- 115% 2nd Split 85%…
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