Taking Steps to Capture Value During the Recovery Positioning and Focusing on Profit while Enhancing Liquidity & Strategically Investing Partnering with Long-Term Maintaining Capital for the Recovery Customers Flexibility Augusta…
PropStream Streamlining the Supply Chain Differentiated Last-Mile Capabilities Developed PropStream integrated delivery solution to provide containerized mine site to well site services Purpose-built PropX cubic containers up to 33%…
PropX Investing in the Future of Proppant Delivery Strategic Overview Proppant Express Investment LLC (PropX) is a joint venture formed for development of critical last- mile proppant logistics equipment PropX is responsible for…
Blair Facility Acquisition Overview Acquisition Overview Benefits to HCLP HCLP acquired 100% of the Blair Facility from Hi-Crush Proppants Adds a third, Tier 1 Northern White Total acquisition value up to 175mm, processing plant to…
Improved Liquidity & Flexibility to Create Opportunity and Capture Value Capture Value Third Primary Created Opportunity Common Unit Enhanced Flexibility Second Primary Offering Common Unit Offering In Aug 16, Credit Facility…
Leveraging Our Competitive Advantages Factor Our Position The Hi-Crush Advantage Four facilities, two Class- Top-tier supplier with operational Size & Scale 1 rail origins, 10.4 mm1 flexibility and ability to meet increasingly tons of…
Frac Sand Volumes in the Downturn Market share consolidation trends continue, volumes improving and outperforming Frac Sand Volumes by Quarter Frac Sand Volumes vs. Rigs 2Q16 3Q16 000s tons 3Q15 4Q15 1Q16 2Q16 3Q16 2,000 1,083…
Strong Frac Sand Fundamentals Greater frac sand intensity driven by multiple unchanged factors Targeting of Increased Factors Supporting a Recovery Shale & Horizontal Unconventional Drilling Longer Laterals More Stages per…
Rig & Completion Rate Impact on Sand Demand1 Company XYZ Before Downturn Recovery Rig Count 10 rigs -50% 5 rigs +20% 6 rigs of rigs Rig Efficiency 20 days +18% 17 days - 17 days Days/well drilled Rig Productivity 18 wells Calculated…
Hi-Crush Operations
Logistics Flexibility Critical Wisconsin Logistics Overview Multiple owned and Bakken operated in-basin Augusta terminals Blair Marcellus / Access to all major Whitehall Utica U.S. oil and gas basins Wyeville Direct…
Linking the Supply Chain PropStream streamlines proppant supply with integrated delivery solution and purpose-built equipment PropX cubic containers capable of delivering more sand per truckload PropBeast conveyor systems…
Efficient Railcar Management We continue to efficiently manage our railcar fleet Returned all system cars Railcar Pushed out new deliveries; 700 scheduled to be delivered in late 2018 Management Update Lowered existing lease costs by…
Improved Liquidity and Financial Flexibility As of in 000s September 30, 2016 Cash 24,786 Revolver 0 Term loan1 189,940 Other notes payable 4,074 Total debt 194,014 Net debt 169,228 Revolver availability2 67,055 Available…
Credit Facility Amendment Adds Flexibility Executed third amendment to revolving credit facility in April 2016 Credit Facility Terms Trailing 6 Month Leverage Ratio EBITDA Minimum Capacity: Total revolver capacity of 75mm Maximum3…
Third Quarter 2016 Summary Note: Amounts have been recast to include the financial position and results attributable to Hi-Crush Blair LLC. 21
Third Quarter 2016 Summary EBITDA & DCF Note: Amounts have been recast to include the financial position and results attributable to Hi-Crush Blair LLC. a) Maintenance and replacement capital expenditures, including accrual for…
Reconciliation of Adjusted Net Income & EPU a) Amounts have been recast to include the financial position and results attributable to Hi-Crush Blair LLC. 23
Incentivized Management Team Avista Capital Parters 61% 39% Management & and Co-Investors Directors Hi-Crush Proppants LLC (Sponsor) 100% 100% Hi-Crush GP Operating LLC (General Subsidiaries Public Partner) Unitholders…
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