Two Complementary Business Segments 2016 VOLUMES (million tons) Industrial & Recreational (I&R) Proppant Solutions Foundry, Glass, Sports & Recreation, Oil & Gas Markets Building and Filtration Markets 2.5 6.4 Resin-Coated…
Core Differentiators for Long-Term Value Creation
FAIRMOUNT SANTROL Core Differentiators for Long-Term Value Creation FAIRMOUNT SANTROL Core Differentiators for Long-Term Value Creation Technology & Innovation Broad Product Portfolio Operational Scale & Efficiencies…
TECHNOLOGY & INNOVATION Propel SSP Enhanced Productivity, Operational Efficiency & Flexibility Canadian Bakken Bakken Pinedale Utica Field Trial Stats Uinta DJ Marcellus 100+ wells Mississippian Lime 20+ E&Ps +45% 18…
BROAD PRODUCT PORTFOLIO INDUSTRIAL & RECREATIONAL Only Integrated I&R Sand and Resin Solutions Provider HIGH-PERFORMANCE ENGINEERED HIGH-PURITY SANDS CUSTOM BLENDING RESIN-COATED SANDS RESIN SYSTEMS 99.9% pure silica Expert…
BROAD PRODUCT PORTFOLIO PROPPANT SOLUTIONS Products to Address All Well Environments RAW SAND RESIN-COATED SAND TRANSPORT Regional Frac Texas Gold High-Purity Northern Curable Resin- Precured Resin- TECHNOLOGY Sand Frac Sand White…
BROAD PRODUCT PORTFOLIO PROPPANT SOLUTIONS FMSA Kermit Further Broadening Industry Leading Product Offering Located in Winkler County, TX (Permian basin) near Kermit PROPERTY 3,250 acres under lease with reserves of 165M tons Fine…
OPERATIONAL SCALE & EFFICIENCIES Broad Asset Base Provides Flexibility and Efficiency FAIRMOUNT SANTROL STATED ANNUAL RAW FRAC SAND CAPACITY (in millions of tons) 18.0 16.9 Nearly 900 million tons of proven reserves, 16.0 Idled…
EXTENSIVE DISTRIBUTION AND UNIT TRAIN CAPABILITIES Leveraging Our Unit Train Capabilities 11 unit-train capable terminals Unit trains can lower delivered cost by 6-10/ton and increase delivery speed Unit trains increase rail car…
EXTENSIVE DISTRIBUTION AND UNIT TRAIN CAPABILITIES Expansive Footprint in Key Basins Through Facilities and Terminals Canada FMSA Terminal Unit Train Destination FMSA Mining & Processing Unit Train Origin (Mining &…
Performance Update
PERFORMANCE UPDATE Excellent Proppant Solutions Growth in Q2 PROPPANT SOLUTIONS VOLUMES REVENUES GROSS PROFIT In Millions of Tons In Millions In Millions 2.8 +24% 200 +41% 55 +99% Millions Millions Millions 198.8…
PERFORMANCE UPDATE Strong I&R Results in Q2 INDUSTRIAL & RECREATIONAL VOLUMES REVENUES GROSS PROFIT In Millions of Tons In Millions In Millions +15% 0.8 +4% 40 16 +7% Millions Millions Millions 15.7 35 0.69 34.4…
PERFORMANCE UPDATE Strong Growth in Q2 2017 FMSA TOTAL VOLUMES REVENUES GROSS PROFIT ADJUSTED EBITDA In Millions of Tons In Millions In Millions In Millions 3.5 240 75 50 +22% +35% +72% +116% Millions Millions Millions…
PERFORMANCE UPDATE Continuing Improvement in Capital Structure Capitalization Summary All significant debt matures in Sep. 2019 ( in Millions) Expect to address and extend Mar. 31, 2017 Jun. 30, 2017 these maturities in the…
PERFORMANCE UPDATE FMSA Kermit Timeline for Delivery Q3 17 Q4 17 Q1 18 Q2 18 Finalized leasehold Plant agreement operational by Permits filed beginning of Equipment on order Q2 2018 Customer contracts Plant expected to be…
LOOKING AHEAD Positive Tailwinds for the Proppant Market U.S. HORIZONTAL LAND RIG COUNT (1) AVERAGE PROPPANT TONS PER U.S. HORIZONTAL WELL (2) 800 +20% 700 +30% 600 5,600 - 500 4,600 - 6,000 3,600 - 5,000 400 4,000 300…
INVESTMENT THESIS Permian Market Supply / Demand Dynamics MARKET FACTORS FMSA THESIS Permian basin demand expected to grow Permian demand will be served concurrently 15-20M tons in 2018 and reach 45-50M by new cost-effective…
PERFORMANCE UPDATE Financial Outlook Third-quarter 2017 outlook Total proppant volumes of 2.6 million to 2.8 million tons Proppant Solutions volumes expected to be impacted by lack of available supply for finer grades Shakopee…
WHY INVEST IN FMSA Industry Leader Well-Positioned for Growth KEY LONG-TERM DIFFERENTIATORS STRONG MARKET DRIVERS AND VALUE CREATORS Dynamic onshore completions activity Technology & innovation Increased proppant intensity per…
Appendix
Appendix: Reconciliation of Non-GAAP Financial Measures Adjusted EBITDA Three Months Ended, (in thousands) Jun. 30, 2017 Mar. 31, 2017 Net income (loss) 10,483 (11,588) Interest expense, net 12,983 12,537 Provision (benefit) for…
Appendix: Strategic Kermit Location to Serve All of Permian Basin Delaware Basin Midland Basin Oil & Gas Terminals Unit Train Destination FMSA Mining & Processing Well Site New FMSA Kermit facility is well- positioned to…
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