Barclays High Yield Bond and Syndicated Loan Conference Christopher Nagel, Chief Financial Officer June 11, 2015
Two Complementary Business Segments Oil & Gas Proppant Solutions Product Lines Include: Northern White Frac Sand Texas Gold Frac Sand (mined in Voca, TX) Resin-Coated Frac Sand Self-Suspending Proppant Technology, Propel SSPTM…
Leading Solutions Provider - Differentiated in Every Area of the Value Chain COMMITMENT TO PEOPLE, PLANET & PROSPERITY More than 800 million tons of proven mineral reserves OPERATIONAL 11 sand processing facilities (10 active) with…
We Are Built on a Foundation of Sustainable Development PEOPLE PLANET PROSPERITY 4th enterprise-wide 19 Zero Waste Facilities Prosperity for external Appreciative Inquiry Summit stakeholders Reduced 90% of waste with 500…
The Industrys Largest Operations and Distribution Footprint Comprehensive Logistics Platform and Vertically Integrated Operations with Access to Every Major U.S. Oil & Gas Basin International Operations Manufacturing Footprint…
Leading Capacity Positions in the Largest Proppant Categories 2 POSITION IN RAW FRAC SAND CAPACITY 1 POSITION IN RESIN-COATED SAND CAPACITY 2014 CAPACITY (MM TONS) 2014 CAPACITY (MM TONS) Peers ___________________________ Source:…
Suite of Product Solutions for Well Environment Complexity FAIRMOUNT SANTROL PROPPANTS VS. CLOSURE PRESSURE (1) ADDED VALUE Eliminate Reduce Embedment Flowback Fines TLCP API-Spec Northern White Frac Sand Texas Gold API-Spec…
Unique Position in Coated Products with Barriers to Entry Pioneered development of resin coating in 1976 Resin-Coating Captive Captive Resin PATENTED Proprietary new products involve patented IP, especially at Capacity (1) Sand Source…
Continued Innovation and Launch of Game-Changing Technologies We develop solutions that reduce customers cost per Barrel of Oil Equivalent (BOE) CoolSet Propel SSPTM Commercially Launched in (Self-Suspending Proppant) Q3 2014…
Market Conditions: Rig Count Declines and Potential Proppant Demand ACTIVE LAND RIGS Average number of land rigs per quarter 2015 forecasts for average rigs 1,039 1Q14 2Q14 3Q14 4Q14 1Q15 5/29/15 TPH Morgan Spears RBC Stanley…
Acceleration of Horizontal Proppant Demand Continues and Is Expected to Offset Some of the Impact of Rig Declines Proppant Robust Proppant Demand Driven by Multiplier Effect Demand Wells per Rig Proppant Per Well (000 Tons)…
Implications for Current Proppant Market Proppant demand down 20% to 25% from 2014 to 2015 at current rig counts Market demand now lower than market supply for high-quality proppant, exerting downward pressure on pricing Planned…
Current Market Environment: Reducing Customer Costs per BOE Premium API Spec Sand Expansive Operations & Logistics Network FMSA Well-Positioned to Technology Portfolio Reduce Customer Costs per Barrel of Oil Equivalent (BOE) and…
100% of FMSA Sand Meets API and Customer Specifications CAPACITY BY TIER (1) KEY FRAC SAND - API REQUIREMENTS Tier 1 and Tier 2 sand fall within API and customer specifications for: Crush Percent of Capacity Roundness…
Expansive Distribution Network Lowers Proppant Cost for our Customers Active Drilling Rigs FMSA Mining & Processing FMSA Terminal Rail, 14 Origins Optimized Unit Train, 42+ Cost In- Barge Terminals Basin Lower Cost 42+…
Curable Resin-Coated Sand Increases Total Recovery Increases NPV by Reducing operating costs of flowback Adding strength = enhanced EUR Total recovery greater A 23-well study proves proppant flowback prevention increases value…
Propel SSPTM Lowers Production Cost per Barrel of Oil Equivalent (BOE) Lower Cost per BOE Increased Contact Area Higher IP & and EUR Conductivity 17
Long and Sustained Partnership with Our Customers LONG-TERM CUSTOMER PARTNERSHIPS STRONG, DIVERSE AND BALANCED CUSTOMER BASE Serving the major Oil Field Service companies since the Selected Direct Customers late 1970s through multiple…
Proactively Reducing Costs in a Challenging Market Consolidating operations into the most cost-efficient footprint : Sand facilities: closed our higher-cost sand facility in Readfield, WI, and idled our sand facility in Brewer, MO…
Proactively Managing Cash Flows in a Challenging Market Reducing capital expenditures Suspended 3.0 million ton capacity expansion at Wedron until we obtain increased visibility on additional volumes Capital expenditures now expected…
Strong Financial Performance FINANCIAL RESULTS IN THOUSANDS, EXCEPT PER SHARE DATA 1Q15 4Q14 FY2014 FY2013 Proppant Volume (tons) 1,777 1,891 7,188 5,117 Raw Sand 1,486 1,515 5,716 4,088 Coated Proppant 291 376 1,475 1,029 Industrial…
Strong Cash Flow Supports Current Capital Structure Pro forma 1Q15 FY2014 MM, UNLESS OTHERWISE NOTED Committed to a strong and stable Cash and Cash Equivalents 118.4 118.4 76.9 capitalization profile Debt (net of original issue…
Near-Term Fairmount Santrol Strategic Initiatives Reduce costs and maximize our efficiencies and effectiveness in our raw and value- added coated products supply chain Continue to invest in customer relationships and be the most…
Reconciliation of Non-GAAP Financial Measures Three Months Ended March 31 (unaudited) 2015 2014 (in thousands) Reconciliation of adjusted EBITDA Net income attributable to FMSA Holdings Inc. 30,759 34,541 Interest expense, net…
Reconciliation of Non-GAAP Financial Measures Three Months Ended March 31 (unaudited) 2015 2014 (in thousands, except per share amounts) Reconciliation of adjusted earnings Net income attributable to FMSA Holdings Inc. 30,759…
Reconciliation of Non-GAAP Financial Measures Quarter 4 Year Ended December 31, (unaudited) 2014 2014 2013 (in thousands, except (in thousands, except per share per share amounts) amounts) Reconciliation of adjusted EBITDA Net…
Reconciliation of Non-GAAP Financial Measures Quarter 4 Year Ended December 31, (unaudited) 2014 2014 2013 Reconciliation of adjusted earnings (in thousands, except (in thousands, except per share per share amounts) amounts) Net…
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