Comparison to Prior Quarters in 000s Q2 2015 Q1 2015 Q4 2014 Revenues 83,958 102,111 130,929 EBITDA 19,195 29,581 44,567 Earnings per unit (basic) 0.31 0.61 0.85 Earnings per unit (diluted) 0.31 0.60 0.85 Sales volumes (tons)…
Balance Sheet Remains Strong Low leverage Strong liquidity Financial flexibility in 000s As of June 30, 2015 Cash 6,923 Revolver1 37,500 Term loan2 195,830 Other notes payable 3,676 Total debt 237,006 Net debt 230,083…
Low Levels of Well Completions Felt in 2nd Quarter Outlook for distribution increases dependent on length and depth of downturn Return to growth in distributions to unitholders is a key priority Distribution aligned to maintain…
Industry Backdrop
Rig Count Appears to Have Stabilized 120 Weekly Rig Count WTI Spot Price 2,500 100 2,000 80 1,500 60 1,000 40 500 20 0 0 Sources: EIA, Baker Hughes Rig Count Long-term positive trends in sand demand waiting for a…
Timing & Magnitude of Recovery Remain Unclear From 2014 peak to end of July 2015, U.S. land rig count dropped 55% First 25 weeks of 2015 saw consecutive weekly declines in rig count (down 980+ rigs) July 31st BHI rig count +2% above…
Frac Sand Demand Commentary We had some indicationswe had actually achieved a flattening where as we can tell you that service the benefit versus amount of We have completed nine intensity increased pretty sand pumped per stage…
Fundamentals Still Support Long-Term Demand Targeting of shale & unconventional reservoirs Increased use of horizontal drilling More wells per rig Longer laterals More stages per lateral foot More proppant per stage…
Current Environment Consolidation, Efficiencies & Pricing Coordination Oilfield service providers seeking efficiencies through supply chain enhancements Sand suppliers working with customers to lower all-in pricing at well head…
Managing the Downturn Temporary measures to address contract customer market factors Offered pricing discounts to certain contract customers, in certain circumstances in exchange for additional term and/or volume Extended price…
Hi-Crush Operations
Hi-Crushs Competitive Advantages Long-Term Contracted Cash Flow 4.01 average years remaining Low-Cost Producer 7.5 million tons of 20/100 capacity, including Sponsors Whitehall facility2 Long-Lived High Quality Reserves Long-term…
Hi-Crush Ranks Among Largest in Industry 1 7.5 million tons current capacity1 in Wisconsin Largest production capacity of frac sand in Wisconsin 4 in World Fourth largest production capacity of frac sand in the…
Logistics Flexibility Critical Access to all major U.S. oil and gas basins Sponsors Whitehall Facility Direct loading and unloading of unit trains Multiple in-basin terminals across Sandstone Marcellus and Utica Formations…
Our Business Model Q2 2015 Operating Results Sold FOB plant 42% 58% direct to customer FOB Plant Terminal Sold at terminal to Production cost/ton: 13.45 customer Sand delivered to Tons sold: 1,190,156 terminal via rail 42%…
A Strategy for the Current Market Northern White in highest demand relative to other proppant types Migration to in-basin sales as a way for customers to lower supply chain costs Organic growth of distribution network Dropdown of…
Levers for Further Performance 19
Financial Results
2nd Quarter 2015 Summary Unaudited Condensed Consolidated Statements of Operations (Amounts in thousands, except per unit amounts) Three Months Ended June 30, 2015 2014 Revenues 83,958 82,724 Cost of goods sold (including…
YTD 2015 Summary Unaudited Condensed Consolidated Statements of Operations (Amounts in thousands, except per unit amounts) Six Months Ended June 30, 2015 2014 (a) Revenues 186,069 153,302 Cost of goods sold (including…
2nd Quarter 2015 Summary Unaudited EBITDA and Distributable Cash Flow Three Months Ended (in thousands) June 30, 2015 2014 Reconciliation of distributable cash flow to net income: Net income 11,448 29,805 Depreciation and depletion…
YTD 2015 Summary Unaudited EBITDA and Distributable Cash Flow Six Months Ended (in thousands) June 30, 2015 2014 Reconciliation of distributable cash flow to net income: Net income 35,302 48,325 Depreciation and depletion expense…
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