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ENERCOMS THE OIL & GAS CONFERENCE – Carbo Ceramics Inc.

Carbo Ceramics Inc. · Aug 14, 2011 · 33 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.

Slides

  1. ENERCOMS THE OIL & GAS CONFERENCE – Carbo Ceramics Inc. – slide 1
    CARBO is the worlds largest g supplier pp of ceramic proppant, the provider of the industrys most popular fracture simulation software and a provider of fracture design software, and consulting services. The Company also provides a…
  2. ENERCOMS THE OIL & GAS CONFERENCE – Carbo Ceramics Inc. – slide 2
    CARBO People and Places Products/services sold in 50 countries C Ceramic proppant manufacturing f plants USA (Eufaula, AL; Toomsboro, GA; McIntyre, GA) Russia (Kopeysk) China (Louyang) Resin Coating g New Iberia, LA Falcon…
  3. ENERCOMS THE OIL & GAS CONFERENCE – Carbo Ceramics Inc. – slide 3
    Our Main Mission We make oil & gas wells produce better and increase recovery (EUR)
  4. ENERCOMS THE OIL & GAS CONFERENCE – Carbo Ceramics Inc. – slide 4
    Production Enhancement Businesses We make oil & gas wells produce better and increase recovery Frac Design. g The industrys y most ppopular p fracture Fracpro simulation software used by E&P and Service companies. Maximizes…
  5. ENERCOMS THE OIL & GAS CONFERENCE – Carbo Ceramics Inc. – slide 5
    Ceramic Proppant Sales vs Capacity Lbs (Millions) 1,750 Manufacturing Capacity 1,500 CARBO Sales Volume 1,250 1,000 750 500 250 0 Toomsboro line 4 completed in 2011
  6. ENERCOMS THE OIL & GAS CONFERENCE – Carbo Ceramics Inc. – slide 6
    Our Value Proposition What should an E&P Operator expect using CARBOs Ceramic proppant IImproved d Production P d ti andd Recovery R Rates R t In I Oil & Gas G Wells W ll 9 20%+ Increase in initial Production Rates 9 20%+…
  7. ENERCOMS THE OIL & GAS CONFERENCE – Carbo Ceramics Inc. – slide 7
    D Development l t off Shales Sh l
  8. ENERCOMS THE OIL & GAS CONFERENCE – Carbo Ceramics Inc. – slide 8
    Industry Challenges 1996-2006 We kept drilling more wells to offset declining production, but were not very successful. Downspacing tight gas sands was a primary driver of drilling activity. 2007-2011 2007 2011 - We Cracked Cracked…
  9. ENERCOMS THE OIL & GAS CONFERENCE – Carbo Ceramics Inc. – slide 9
    Why do Tight Sands & Shales need Conductivity Very Low Permeability Pressure & Temperature Multi-phase Flow Transverse Fracs
  10. ENERCOMS THE OIL & GAS CONFERENCE – Carbo Ceramics Inc. – slide 10
    Challenge: Permeability Keeps Getting Lower millidarcies microdarcies nanodarcies 1 md .001 md .000001 md
  11. ENERCOMS THE OIL & GAS CONFERENCE – Carbo Ceramics Inc. – slide 11
    ECONOMIC CONDUCTIVITY in the Haynesville Shale 2000 F), per well avg 1800 CARBO's Hydroprop (14 wells) 1600 Others' Proppant (32 wells) 1400 1200 on (MMCF 1000 22% increase 21 months 800 Productio Addtll…
  12. ENERCOMS THE OIL & GAS CONFERENCE – Carbo Ceramics Inc. – slide 12
    ECONOMIC CONDUCTIVITY in the Bakken Shale Wells utilizing ceramic proppant producing 2x the production of Sand wells. 250,000 125,000 additional bbls 60/bbl Ceramic Proppant = 7.5 million in INCREMENTAL value 200,000 ulative Oil,…
  13. ENERCOMS THE OIL & GAS CONFERENCE – Carbo Ceramics Inc. – slide 13
    Expanding CARBOs Reach
  14. ENERCOMS THE OIL & GAS CONFERENCE – Carbo Ceramics Inc. – slide 14
    Economic Conductivity Is Our Guide A sophisticated financial analysis of a stimulated ti l t d reservoirs i ability bilit to t achieve hi maximum payout through optimized productive d ti capacity it ..Economic Conductivity…
  15. ENERCOMS THE OIL & GAS CONFERENCE – Carbo Ceramics Inc. – slide 15
    Economic Conductivity Proppant Types & Conductivity Highest Production Production, EUR EUR, IRR Highest Conductivity High strength (minimizes crush) Uniform size and shape (maximizes frac porosity and permeability) Tier 1 - High…
  16. ENERCOMS THE OIL & GAS CONFERENCE – Carbo Ceramics Inc. – slide 16
    Whats Next Grow our capacity in CARBOBOND RCS. Grow initially through organic means. Target market leadership position. Leverage CARBOs strengths.
  17. ENERCOMS THE OIL & GAS CONFERENCE – Carbo Ceramics Inc. – slide 17
    CARBOBOND RCS Adding a growth business Broaden our Economic Conductivity range (more wells) Client Broaden E&P & client contact ((capture p more spend) p ) Broaden product price points Our Distribution System Leverage Our…
  18. ENERCOMS THE OIL & GAS CONFERENCE – Carbo Ceramics Inc. – slide 18
    CARBO Proppant Capacity Lb Lbs M 2,200 2,000 400 Resin Coated Proppant pp Capacity p y 1,800 Ceramic Proppant Capacity 1,600 , 1,400 1,200 1,000 800 600 400 00 200 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009…
  19. ENERCOMS THE OIL & GAS CONFERENCE – Carbo Ceramics Inc. – slide 19
    Falcon TechnologiesTM
  20. ENERCOMS THE OIL & GAS CONFERENCE – Carbo Ceramics Inc. – slide 20
    Falcon TechnologiesTM Falcon Technologies was acquired in Oct 2009 Falcon provides Spill Prevention & Containment Containments, tank lining, tank bases Proprietary polyurea technology Revenue Growth expectations are 20%+…
  21. ENERCOMS THE OIL & GAS CONFERENCE – Carbo Ceramics Inc. – slide 21
    Falcon TechnologiesTM Value Proposition Risk Mitigation Environmental Stewardship Operating Cost Reduction Public Image Enhancement Best Practice Proactive/Market Leading EPA Publication: Average spill 1 1,300 300 gallons…
  22. ENERCOMS THE OIL & GAS CONFERENCE – Carbo Ceramics Inc. – slide 22
    Geographical Expansion Focus on Resource Plays Services Today in: Permian Barnett Woodford Fayetteville Haynesville Marcellus Possible Future Locations: Granite Wash Eagle Ford Bakken
  23. ENERCOMS THE OIL & GAS CONFERENCE – Carbo Ceramics Inc. – slide 23
    Falcon Liner - Secondary Containments Product Attributes and Benefits Impenetrable barrier Useful life of 20+ years Inert, Inert no VOCs Cures to use within hours Improves Economic Life Cycle Tank contents fully…
  24. ENERCOMS THE OIL & GAS CONFERENCE – Carbo Ceramics Inc. – slide 24
    Falcon Liner - Tanks Before After Product Attributes Product Benefits Seamless Protects 100% of all metal surfaces, Independently age-tested useful life of including nozzles and flanges 20+ years Extends useful life of tank R…
  25. ENERCOMS THE OIL & GAS CONFERENCE – Carbo Ceramics Inc. – slide 25
    Financial Results
  26. ENERCOMS THE OIL & GAS CONFERENCE – Carbo Ceramics Inc. – slide 26
    Financial Highlights 750 3,000 150 Revenue M Net Income M 700 137 2,750 140 NAM Total Rigcount Cash from Operations * 650 130 2,500 2 500 600 120 539 2,250 110 550 110 101 500 473 2,000 100 450 90 8 87 1,750 388 80 400 79 80…
  27. ENERCOMS THE OIL & GAS CONFERENCE – Carbo Ceramics Inc. – slide 27
    Financial Highlights 650 7.50 7.50 Revenue M Earnings Per Share Cashflow Per Share 600 7.00 7.00 539 6.50 6.50 550 5.95 6.00 6.00 500 473 5.50 5.50 450 5.00 5.00 4.80 400 388 4.50 4 36 4.36 4.50 342 350 4.00 4.00 300 3.57…
  28. ENERCOMS THE OIL & GAS CONFERENCE – Carbo Ceramics Inc. – slide 28
    Dividends Increased Last 11 Years Per Share Shares - Millions 1.00 30.0 Dividends Paid Per Share 0.90 0 90 27.0 27 0 Shares Outstanding 0.80 24.0 0.70 21.0 0.60 18.0 0.50 15.0 0 88 0.88 0.40 0.76 12.0 0.70 0.30 0.62…
  29. ENERCOMS THE OIL & GAS CONFERENCE – Carbo Ceramics Inc. – slide 29
    Condensed Balance Sheet in 000s June 30, 2011 December 31, 2010 (U (Unaudited) dit d) (A dit d) (Audited) ASSETS Cash and cash equivalents 53,250 46,656 Other current assets 225,705 190,999 Property, plant and equipment, net…
  30. ENERCOMS THE OIL & GAS CONFERENCE – Carbo Ceramics Inc. – slide 30
    Investing for Future Growth Ceramic Capacity Falcon Expansion Resin Coating Growth Continue to lead in Continue to lead the Continue to lead in resin worldwide capacity and industry standards for coated Ceramic proppant product…
  31. ENERCOMS THE OIL & GAS CONFERENCE – Carbo Ceramics Inc. – slide 31
    Strategy Continue to Grow the ceramic proppant franchise Continue to inform E&P Operators of the value of Conductivity and increase ceramic market share Continue to produce the highest Quality proppants Continue to lead in global…
  32. ENERCOMS THE OIL & GAS CONFERENCE – Carbo Ceramics Inc. – slide 32
    CARBO is the worlds largest g supplier pp of ceramic proppant, the provider of the industrys most popular fracture simulation software and a provider of fracture design software, and consulting services. The Company also provides a…
  33. ENERCOMS THE OIL & GAS CONFERENCE – Carbo Ceramics Inc. – slide 33
    Cash Flow from Operations Reconciliation Results from Continuing Operations iin 000s 000 For the years ended Dec 31 2005 2006 2007 2008 2009 2010 TTM Net Income 45,463 52,245 49,641 60,405 52,810 78,716 101,418 Plus: depreciation…

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