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Q2 2012 EARNINGS CALL – US Silica

US Silica · Jul 31, 2012 · 13 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. Q2 2012 EARNINGS CALL – US Silica – slide 1
    Second Quarter 2012 Earnings Call July 31, 2012
  2. Q2 2012 EARNINGS CALL – US Silica – slide 2
    Second Quarter 2012 Results Sales Revenue Contribution Margin (in millions) (in millions) 41.2% YOY Growth 49.9% YOY Growth 47.3 104.6 120.0 50.0 74.1 31.5 100.0 40.0 80.0 30.0 60.0 20.0 40.0 20.0 10.0 - - Q2 2011 Q2 2012…
  3. Q2 2012 EARNINGS CALL – US Silica – slide 3
    Oil & Gas Proppants O&G Sales Volume O&G Contribution Margin (in tons) (in millions) 28.0% YOY Growth 99.1% YOY Growth 685.0 33.3 750.0 40.0 650.0 535.1 30.0 16.7 550.0 20.0 450.0 10.0 350.0 - Q2 2011 Q2 2012 Q2 2011 Q2…
  4. Q2 2012 EARNINGS CALL – US Silica – slide 4
    Market Update and Outlook Slowing growth in North American oil rig count and declining gas rig count are posing short-term challenges for many companies in our space We believe that we are extremely well positioned to thrive in a variety…
  5. Q2 2012 EARNINGS CALL – US Silica – slide 5
    Industrial & Specialty Products ISP Sales Volume ISP Contribution Margin (in tons) (in millions) -0.7% YOY Growth -5.4% YOY Decline 1,105.6 14.8 1,120.0 1,098.4 14.0 16.0 1,100.0 14.0 1,080.0 1,060.0 12.0 1,040.0 10.0…
  6. Q2 2012 EARNINGS CALL – US Silica – slide 6
    Major Initiatives Resin Coated Sand Plant Rochelle, IL Expected to be operational by the first quarter of 2013 Initial production capacity of 200,000 tons, or 400 million pounds annually Ability to double capacity with limited…
  7. Q2 2012 EARNINGS CALL – US Silica – slide 7
    Supply Chain Management Best in Class Logistical Capabilities Recently signed agreement with BNSF to create partnership to build and operate a transload facility near San Antonio, TX Facility will be large enough to ship unit trains…
  8. Q2 2012 EARNINGS CALL – US Silica – slide 8
    Second Quarter 2012 Financial Results (unaudited; in millions, except statistics and per share) Three Months Ended June 30, 2012 2011 Key Operating Statistics: Tons Sold: (000s) Oil & Gas 685.0 535.1 Industrial & Specialty Products…
  9. Q2 2012 EARNINGS CALL – US Silica – slide 9
    Cash Flow and Liquidity Net cash provided by operations was 43.7 million in the second quarter of 2012, compared to use of 17.2 million for the second quarter of 2011 Capital spending of 24.3 million in the second quarter of 2012,…
  10. Q2 2012 EARNINGS CALL – US Silica – slide 10
    Stock Repurchase Program Maximum Dollar Total Number of Amount of Shares Shares Purchased as that May Yet Be Total Number of Average Price Paid Part of Publicly Purchased Under the Period Shares Purchased per Share Announced Program…
  11. Q2 2012 EARNINGS CALL – US Silica – slide 11
    2012 Third Quarter and Full Year Guidance We currently estimate for the third quarter of 2012: Revenue 95 103 million Adjusted EBITDA 33 37 million We currently estimate for full year 2012 : Revenue 395 415 million Adjusted…
  12. Q2 2012 EARNINGS CALL – US Silica – slide 12
    Non-GAAP Financial Performance Measures Segment Contribution Margin Our operations are organized into two reportable segments, Oil & Gas Proppants and Industrial & Specialty Products, based on end markets served. The reportable segments…
  13. Q2 2012 EARNINGS CALL – US Silica – slide 13
    Reconciliation (Adjusted EBITDA to Net Income) Three Months Ended June 30, 2012 2011 Net income 19,451 6,356 Total interest expense, net of interest income 3,383 5,217 Provision for taxes (benefit) 7,287 2,474 Total depreciation,…

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