Strategic Update Kermit Facility construction. Photo dated April 20, 2017
Strategically Positioned Current capacity: Operating all four existing sand facilities; total production capacity of 10.4mm TPY Capacity Facility restarts: Recently re-started Augusta wet plant and full Whitehall facility to…
Hi-Crushs Production Portfolio Wyeville Blair Augusta Whitehall Kermit Capacity 1.85mm TPY 2.86mm TPY 2.86mm TPY 2.86mm TPY 3.00mm TPY Northern Northern Northern Northern Type In-basin White White White White Reserve Life1 41…
Leveraging Our Competitive Advantages Factor Our Position The Hi-Crush Advantage Size and Five facilities, 13.4mm1 Top-tier supplier with operational flexibility and Scale tons of annual capacity ability to meet dynamic customer needs…
Permian Basin Sand Company Acquisition Acquisition Overview Strategic Alignment 55+ million tons of high-quality fine mesh Constructing purpose-built 3mm TPY reserves production facility (Kermit Facility) Unique deposit of…
Kermit Advantages Overcome Barriers to In-Basin Supply Water: More than sufficient access to water required to run wet plant; no Oil and Gas reliance on third party source Roads: Activity: Sufficient existing road Existing oil and…
Kermit Facility Optimally and Uniquely Positioned Our Advantage Strong Radius of Demand1 Cost advantage: Location and proximity advantage lowers trucking cost to well, supporting lowest cost sand - not just in-basin but to well site…
Pecos Terminal Further Enhances Permian Position The Pecos Rail Terminal Terminal Overview Projected completion date October 2017 Complements Kermit facility as incremental demand in Delaware basin will be supplied by Northern White…
Business Update
Volumes Increasing with Utilization to Meet Demand HCLP Quarterly Volumes Sold (000s tons) Q1 2017 volumes flat as expected due Q2 2017 volumes expected to increase to limited wet sand inventory; run-rate 50-60% sequentially,…
Strong Frac Sand Fundamentals Greater frac sand intensity driven by multiple unchanged factors Targeting of Increased Supportive Fundamentals Shale & Horizontal Unconventional Drilling Longer Laterals More Stages per Lengths…
Leverage to Current Upcycle vs. Prior Peak Old Model New Model Total U.S. Rig Count 2,000 rigs Assumed 900 rigs Days to Drill per Well 27 days Assumed 18 days Wells Drilled per Year per Rig 13 wells Calculated 20 wells Total…
Logistics Ownership Creates Logistics Flexibility Wisconsin Logistics Network Bakken 69% of volumes delivered in- Augusta basin in Q1 2017 Blair 75%+ of Q1 2017 in-basin Whitehall volumes delivered through Marcellus / Hi-Crush…
Efficient Railcar Management Efficiently managing our railcar fleet; well-positioned to service increased activity Railcar Removed all cars from storage during Q1 2017 Management 45% of cars shipped via unit train during Q1 2017…
PropStream Streamlining the Supply Chain Differentiated Last-Mile Capabilities Developed fully-integrated PropStream delivery solution to provide containerized mine site to well site services Controls sand quality from origin to the…
PropStream: Success Achieved in the Market Performance and Strategy No lost-time incidents; greater than 99% uptime performance Q1 2017 utilization of 79%; increased from Q4 2016 utilization of 48% 4 crews in Permian and Northeast…
PropStream Partners with PropX PropStream Overview Joint Venture Partners PropStream is the last-mile delivery 100% solution that is 100% owned and operated by Hi-Crush Hi-Crush owns an interest in Proppant Express Investments,…
PropX Systems Are Poised to Grow Market Share Systems Deployed Systems PropStream Third Parties 10%+ Total Market Share 35 30 25 20 15 10 5 9 0 1 2 Q3 2016 Q4 2016 Q1 2017 Q4 2017 Rapid market acceptance of…
Improved Liquidity and Financial Flexibility in 000s December 31, 2016 March 31, 2017 Cash 4,521 55,498 Revolver - - Term loan1 189,715 189,490 Other notes payable 6,705 5,743 Total debt 196,420 195,233 Net debt 191,899…
Credit Facility Provides Liquidity and Flexibility Credit Facility Terms Covenant Overview Capacity: Total revolver capacity of 75mm Equity cure provision available to address any mm potential EBITDA covenant shortfalls 2017…
Q1 2017 Summary Statements of Operations Unaudited Quarterly Consolidated Statements of Operations (Amounts in thousands, except per unit amounts) Q1 2016 (1)(2) Q2 2016 (1)(2) Q3 2016 (2) Q4 2016 (2) Q1 2017 Revenues 52,148 38,429…
Q1 2017 Summary EBITDA, Adjusted EBITDA & DCF Unaudited EBITDA, Adjusted EBITDA and Distributable Cash Flow (Amounts in thousands) Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Reconciliation of distributable cash flow to net loss: Net loss…
Simple Structure; Incentivized Management Team Avista Capital Parters 61% 39% Management and and Co-Investors Directors Hi-Crush Proppants LLC (Sponsor) 100% Public Hi-Crush GP LLC Unitholders 22.7% LP, (General…
Loading...
