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ITG Midwest Industrials Conference – Trecora Resources

Trecora Resources · Aug 19, 2015 · 28 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. ITG Midwest Industrials Conference – Trecora Resources – slide 1
    Your Click Specialty to edit MCaster hemical /tle Partner style ITG Midwest Industrials Conference August 19, 2015 TREC
  2. ITG Midwest Industrials Conference – Trecora Resources – slide 2
    TREC Snapshot Ticker (NYSE: TREC) Share Price & Volume Stock Price1 14.02 18.00 250,000 52 Week High / Low1 16.50 / 10.55 16.00 14.00 200,000 Market Cap1 342 M 12.00 Stock Price 150,000 Avg. Daily Volume…
  3. ITG Midwest Industrials Conference – Trecora Resources – slide 3
    1 Year Stock Price Performance v. Key Indices XLB = Basic Material Index Fund RUT = Russell 2000 Index Add stock price chart
  4. ITG Midwest Industrials Conference – Trecora Resources – slide 4
    Key Value Drivers Expanding market demand driven by increased supply of Natural Gas Liquids US chemical industry planning 120 billion in capital investment over 10 years InternaRonally compeRRve in high growth emerging markets Sales…
  5. ITG Midwest Industrials Conference – Trecora Resources – slide 5
    Trecora Focus 86% Revenues 6% Revenues SHR TC High-Purity Light Hydrocarbons Specialty SyntheRc Waxes Resource Upside C5 C2 Valued at 155 mm (2013) Silsbee, TX Pasadena, TX AMAK PotenRal IPO late 2016 Zinc and…
  6. ITG Midwest Industrials Conference – Trecora Resources – slide 6
    South Hampton Resources: Specialty Petrochemical Segment SHR is an independent, petrochemical manufacturer in southeast Texas, specializing in Leader in High Purity manufacturing high purity petrochemical Petrochemical…
  7. ITG Midwest Industrials Conference – Trecora Resources – slide 7
    SHR Products & ApplicaRons 8
  8. ITG Midwest Industrials Conference – Trecora Resources – slide 8
    South Hampton Resources Petrochemical Update Second Quarter average monthly sales volume (million gallons): All Prime June Products Products Deferred 2015 6.5 5.1 1.79 2014 6.9 5.3 2.30 2013 5.2 4.1 1.98 Total prime products…
  9. ITG Midwest Industrials Conference – Trecora Resources – slide 9
    SHR D-Train Expansion Update Hydro De-Sulfuriza-on (HDS) unit mechanically complete Catalyst loading in August All dis-lla-on vessels, drums, pumps, and fans installed New electrical substa-on commissioned An-cipa-ng…
  10. ITG Midwest Industrials Conference – Trecora Resources – slide 10
    SHR D-Train Expansion Update 11
  11. ITG Midwest Industrials Conference – Trecora Resources – slide 11
    SHR D-Train Benets Installed to meet pentane demand from: Canadian oil sands New polyethylene capacity being built in US General global growth including Asia Protects our 70% pentane US market share By 2019/2020 expect to sell…
  12. ITG Midwest Industrials Conference – Trecora Resources – slide 12
    SHR Blue Chip Customers 13
  13. ITG Midwest Industrials Conference – Trecora Resources – slide 13
    SHR Financial Overview Total Volumes Sold 100.0 82.8 80.0 67.1 63.6 in Millions of gallons 54.3 60.0 46.9 49.9 46.7 CAGR 10.0% 40.0 20.0 0.0 2008 2009 2010 2011 2012 2013 2014 Total Revenue 284.3…
  14. ITG Midwest Industrials Conference – Trecora Resources – slide 14
    Trecora Chemical: Specialty Waxes Segment Trecora Chemical (qa SSI Chusei) is a producer of polyethylene wax and wax deriva-ves with Advantaged Business produc-on capabili-es beyond 40 million Development, pounds per year.…
  15. ITG Midwest Industrials Conference – Trecora Resources – slide 15
    TC Financial Overview Total Revenue 30.0 25.0 20.0 in Millions 15.0 CAGR 10.5% 10.0 5.0 0.0 2011 2012 2013 2014 Addi-onal informa-on and nancials, including pro forma, were led in Form 8- K/A on…
  16. ITG Midwest Industrials Conference – Trecora Resources – slide 16
    Trecora Chemical Progress Finished product quality and consistency validated by customers Qualied by, and receiving orders from, 4 large adhesive producers Signed new distributor for Europe New wax column opera-onal Frees…
  17. ITG Midwest Industrials Conference – Trecora Resources – slide 17
    Temperature C 104 106 108 110 112 114 116 118 120 2525/26 2535/36 2543/44 2547/48 2551/52 2563/64 2587-88 2595/96 2601/02 2605/06 2617/18 2623/24 45/46 121/122 133/134 Batch 's…
  18. ITG Midwest Industrials Conference – Trecora Resources – slide 18
    Trecora Chemical Quality Improvement 2 Weighted Avg Color PE Wax 2 90.00 80.00 70.00 60.00 50.00 Klel 40.00 30.00 20.00 10.00 0.00 values ucl lcl 19
  19. ITG Midwest Industrials Conference – Trecora Resources – slide 19
    Custom Processing Overview Many chemical manufacturers seek toll processing rela-onships to develop new products, drive costs down, and reduce internal assets. Customers supply and maintain -tle to their feedstock. Process…
  20. ITG Midwest Industrials Conference – Trecora Resources – slide 20
    Custom Processing Business Models SHR Build and run dedicated equipment, long term contracts. TC Flexible equipment campaign then switch to new product for next customer. Customers may be long term with recurring campaigns or…
  21. ITG Midwest Industrials Conference – Trecora Resources – slide 21
    2Q 2015 Financial Highlights Second quarter revenue of 59.4 million, a decrease of 20.4% from 74.6 million in the second quarter of 2014; decline driven by 41.6% reduc-on in feedstock cost Second quarter gross prot of 15.2…
  22. ITG Midwest Industrials Conference – Trecora Resources – slide 22
    TREC Adjusted EBITDA CalculaRon (in thousands)(unaudited) THREE MONTHS ENDED SIX MONTHS ENDED June 30, June 30, 2015 2014 2015 2014 Net Income 6,374 5,000 Net Income 12,158 7,599 Add: Depreciation and amortization 170 136 Add:…
  23. ITG Midwest Industrials Conference – Trecora Resources – slide 23
    AMAK Highlights Signicant producRon potenRal Proven/probable reserves of 7.2 million tons (per 2008 feasibility study) Adding 3 new leases (approx. 190 sq. km to exis-ng 44 sq.km) PosiRve Net Cash from OperaRng AcRviRes since…
  24. ITG Midwest Industrials Conference – Trecora Resources – slide 24
    AMAK Mine Developments Plant run -me signicantly improved in Q2 Precious metals circuit fully ac-vated Slow in Q2 due to raw material issues Talc circuit opera-onal Lead to addi-onal recovery improvements Condi-onal…
  25. ITG Midwest Industrials Conference – Trecora Resources – slide 25
    AMAK Metal Recovery Improvements 26
  26. ITG Midwest Industrials Conference – Trecora Resources – slide 26
    AMAK ProducRon Update Concentrate tonnage to port year-to-date Zinc 19,600 DMT (91% of plan) Copper 13,700 DMT (102% of plan) Average cash cost of produc-on (underground to port warehouse)…
  27. ITG Midwest Industrials Conference – Trecora Resources – slide 27
    Investment Summary Undervalued specialty chemical company with mining upside Adjusted EBITDA of 24.9 million in rst half of 2015 Factoring in 35% equity ownership value for AMAK (Base 155 Million Equity Valua-on Pre-IPO) Niche,…
  28. ITG Midwest Industrials Conference – Trecora Resources – slide 28
    Q&A Thank you Please visit our websites: www.trecora.com www.southhamptonr.com www.TrecChem.com www.amak.com.sa 29

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