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HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc.

Carbo Ceramics Inc. · Mar 20, 2013 · 41 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

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  1. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 1
    CARBO Increasing Production and Reserves (EUR) in Increasing Production and Reserves (EUR) in Oil and Gas wells around the globe Oil and Gas wells around the globe Worlds largest supplier of Ceramic Proppant with the Worlds largest…
  2. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 2
    Global Opportunities Products & Services sold in 50 countries Ceramic proppant manufacturing plants: USA (Eufaula, AL; Toomsboro, GA; McIntyre, GA) Russia (Kopeysk), China (Louyang) Resin Coating plant: New Iberia, LA Falcon…
  3. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 3
    Increasing Production and We Design fracs that maximize Our Main Mission Reserves (EUR) in Oil and Gas wells Production & EUR. We Build fracs with material to last the life of the well and assure Production. Fracpro Frac Design…
  4. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 4
    Technology Platforms Positions Increasing Production & Reserves (EUR) FRACPRO StrataGen Highest Production Surface Frac Design Completions Conductivity IProp Assurance Modified Software Engineering Proppant Proppant…
  5. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 5
    Technology Platforms Products Increasing Production & Reserves (EUR) FRACPRO StrataGen Highest Production Surface Frac Design Completions Conductivity IProp Assurance Modified Software Engineering Proppant Proppant Proppant…
  6. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 6
    Breakthrough Innovation We have developed the strongest, highest conductivity proppant ever made The original development request made by a SuperMajor: CARBO please develop a proppant that has twice the conductivity of bauxite at…
  7. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 7
    Proppant Business 8
  8. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 8
    CARBO is the world leader in Proppant We provide the highest quality, highest conductivity Ceramic Proppant in the world, since 1979 We are the largest Ceramic Proppant producer in the world Ceramic Proppant makes oil & gas wells…
  9. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 9
    Ceramic Proppant Sales vs Capacity Lbs (Millions) 2,000 CRR Ceramic Manufacturing Capacity (YE) 1,750 CRR Total Ceramic Sales Volume 1,500 1,250 1,000 750 500 250 0
  10. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 10
    Total Proppant Capacity Lbs M 2,400 2,200 400 CRR Resin Coated Proppant Capacity * 2,000 400 CRR Ceramic Proppant Capacity 1,800 100 1,600 1,400 1,200 1,000 800 600 400 200 0 2000 2001 2002 2003 2004 2005 2006 2007…
  11. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 11
    Our Ceramic Proppant Advantages Business Moats Conductivity Is Technology The Critical Factor Leader In Well Production & ROI Highest High Efficiency Conductivity Plants Ceramic Proven Low Cost Production…
  12. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 12
    Proppant Types and their Conductivity Highest Production, EUR, ROI Highest Conductivity Engineered, Manufactured Product High strength (minimizes crush) Tier 1 High Conductivity Uniform size and shape Ceramic (maximizes frac…
  13. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 13
    Baseline* Conductivity Comparison *Does not include the effects of nondarcy flow, multiphase flow, gel damage, etc. 8000. Marcellus 7000. Bakken 6000. Eagle Ford 5000. Conductivity, mdft Haynesville 4000. Tier 1 LW…
  14. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 14
    Our Ceramic Proppant Value Proposition What should an E&P Operator expect using CARBOs Ceramic Proppant versus a sand based Proppant 20%+ Increase in Production Rates 20%+ Increase in Estimated Ultimate Recovery (EUR) High ROI and…
  15. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 15
    Economic Conductivity To Match Any Reservoir Wells with multiphase flow, receive the most benefit from our high conductivity Ceramic Proppant General Application Lightest weight ceramic proppant on the market. CARBOHYDROPROP Best…
  16. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 16
    Examples of the positive impact of High Conductivity Ceramic Proppant on Production, EUR, and ROI 17
  17. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 17
    Brigham/Statoil From October 2011 IR presentation 18
  18. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 18
    Bakken Shale ECONOMIC CONDUCTIVITY 100% increase in Production 250,000 125,000 Bbl increase per well (7) Wells CARBO LW 8.7 Million revenue increase Ceramic Proppant per well 70/Bbl Oil 200,000 100% Cumulative Oil, Bbls…
  19. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 19
    Bakken Shale ECONOMIC CONDUCTIVITY 180 Ceramic - 23 wells 160 Sand - 91 wells 140 Ceramics average 40% higher initial production rate and Oil Rate (BOPD per lateral) continues to grow over time, approaching 90% in 20 months…
  20. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 20
    WPX Energy From Barclays CEO Conference Sept 2012 21
  21. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 21
    Liberty Resources (Bakken) From SPE Paper 163827 LR 37 Wells from Williams County 90 Day Production BubblePlot Liberty Resources wells (RED) outperform offset wells LR 49,100 BBLs SPE Paper 163827 Liberty Resources…
  22. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 22
    Liberty Resources (Bakken) From SPE Paper 163827 A recognized leader in well Production & Recovery (EUR) in the Bakken Completion design parameters employed: An open hole uncemented liner section; Annular zonal isolation created by…
  23. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 23
    Eagle Ford Shale ECONOMIC CONDUCTIVITY Rosetta Resources Gates Ranch 12 Month Cumulative Gas Production, MMcfe Well Completion Between Sand and Ceramic Proppant Normalized to Number of Stages After 12 months: 15 mmcfe increase…
  24. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 24
    Granite Wash ECONOMIC CONDUCTIVITY 2,500,000 Direct offset well comparisons: CARBOHYDROPROP (3) wells Cumulative Production (MCFE) 40/70 Resin Coated Sand (3) wells 19% 2,000,000 1,500,000 1,000,000 After 28 months:…
  25. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 25
    Not all ceramic is created equal 26
  26. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 26
    Quality Matters As an E&P Operator investing 4M 12M on a well that will last 20+ years, how much Conductivity are you sacrificing (which leads to lower Production & EUR) by using low quality Chinese Intermediate Density Ceramic…
  27. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 27
    Quality Matters Comparison of three field samples from North Dakota from low quality, low Conductivity Chinese ceramic producers, compared to CARBOLITE : CARBOLITE Chinese 20/40 Chinese 20/40 Chinese 20/40 20/40 IDC 1C IDC 2C IDC…
  28. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 28
    Quality Matters Three more field samples of low quality, low Conductivity Chinese Intermediate Density Ceramic (IDC) proppant suppliers, compared to CARBOLITE : CARBOLITE Chinese 20/40 Chinese 20/40 Chinese 20/40 20/40 IDC 4C IDC 5C…
  29. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 29
    Quality Matters NonChinese Three field samples of low quality, low Conductivity lightweight ceramic proppant suppliers, compared to CARBOLITE : CARBOLITE Lightweight 20/40 Lightweight 20/40 Lightweight 20/40 20/40 LW B1 LW B2 LW…
  30. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 30
    Quality Matters At 10,000 psi closure stress, Chinese IDC Sample 1C had 31% less conductivity than lightweight CARBOEconoprop & 55% less conductivity than CARBOLite. 31% to 55% Higher than Chinese IDC 31
  31. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 31
    Falcon Technologies Engineered to Protect TM
  32. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 32
    Falcon Our Technologies Main Mission Providing We Design spill prevention and spill prevention and containment to containment products that reduce E&P Operators environmental risks. We the O&G industry Build products with proprietary…
  33. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 33
    Falcon Technologies Value Proposition Risk Mitigation Environmental Stewardship Operating Cost Reduction Eliminates product loss EPA Publication average spill is 1,300 gallons and has remediation costs of 180,000…
  34. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 34
    Industry Factors Recent commentary offered by Service Companies: Slow start in the US Land drilling activity General troughing Stabilizing supply / demand framework in ceramic proppants Chinese ceramic imports remain at lower…
  35. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 35
    Financial Results 36
  36. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 36
    CARBO Financials 750 3,000 200 Revenue M 700 2,800 Net Income M NAM Total Rigcount 646 180 171 650 626 2,600 Cash from Operations * 600 2,400 160 156 550 2,200 473 140 500 2,000 130 450 1,800 120 110 388 106 400 1,600 342 100…
  37. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 37
    CARBO Financials 700 8.00 8.50 Revenue M 646 Earnings Per Share Cashflow Per Share 650 7.50 8.00 626 7.43 7.00 7.50 600 6.80 6.50 7.00 550 6.00 6.50 5.62 500 473 6.00 5.50 450 5.00 5.50 4.59 4.80 400 388 5.00 4.50 342 4.50…
  38. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 38
    Dividends Increased Last 12 Years Per Share Shares Millions 1.20 30.0 Dividends Paid Per Share 1.10 27.0 1.00 Shares Outstanding 24.0 0.90 21.0 0.80 0.70 18.0 0.60 15.0 0.50 1.02 12.0 0.88 0.40 0.76 0.70 9.0 0.30…
  39. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 39
    Summary CARBO is the leading production enhancement company, with technologies that make oil & gas wells produce better and increase recovery (EUR) The new products being brought to market will once again raise the bar and are…
  40. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 40
    CARBO Increasing Production and Reserves (EUR) in Increasing Production and Reserves (EUR) in Oil and Gas wells around the globe Oil and Gas wells around the globe Worlds largest supplier of Ceramic Proppant with the Worlds largest…
  41. HOWARD WEILS 41ST ANNUAL ENERGY CONFERENCE – Carbo Ceramics Inc. – slide 41
    Cash Flow from Operations Reconciliation Results from Continuing Operations in 000s For The Years Ended Dec 31 2006 2007 2008 2009 2010 2011 2012 Net Income 52,245 49,641 60,405 52,810 78,716 130,136 105,933 Plus: depreciation…

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