Two Complementary Business Segments 2016 VOLUMES (million tons) Industrial & Recreational (I&R) Proppant Solutions Key Markets Key Markets Foundry 2.5 6.4 Oil & Gas 28% 72% Glass Sports & Recreation Building Products…
FAIRMOUNT SANTROL Long-Term Value Creators FAIRMOUNT SANTROL Core Differentiators for Long-Term Value Creation Technology & Innovation Broad Product Portfolio Operational Scale & Efficiencies Extensive Distribution and…
TECHNOLOGY & INNOVATION AND BROAD PRODUCT PORTFOLIO - INDUSTRIAL & RECREATIONAL Only Fully Integrated I&R Sand and Resin Solutions Provider HIGH-PERFORMANCE ENGINEERED HIGH-PURITY SANDS CUSTOM BLENDING RESIN-COATED SANDS RESIN…
TECHNOLOGY & INNOVATION AND BROAD PRODUCT PORTFOLIO PROPPANT SOLUTIONS Products to Address All Well Environments RAW SAND RESIN-COATED SAND TRANSPORT Permian Texas Gold Northern White Precured TECHNOLOGY Curable Sand Frac Sand…
OPERATIONAL SCALE & EFFICIENCIES Broad Asset Base Provides Efficiency and Flexibility FMSA ANNUAL FRAC SAND CAPACITY + 3.5 million tons of annual I&R (in millions of tons) I&R capacity 15.6 16.0 Shakopee 900 million tons of…
EXTENSIVE DISTRIBUTION AND UNIT TRAIN CAPABILITIES Competitive Delivery into all Key Basins FMSA Proppant Terminal Unit Train Destination FMSA Mining & Processing Unit Train Origin (Mining & Processing) Coating…
EXTENSIVE DISTRIBUTION AND UNIT TRAIN CAPABILITIES Leveraging Our Logistics Network Focus on Increasing Utilization of Unit Trains PERCENTAGE OF NORTHERN WHITE SAND SHIPPED VIA UNIT TRAIN 80% 11 unit-train capable terminals and 4…
Current Areas of Investor Focus 1) Market Supply and Demand 2) FMSA Kermit 3) Refinancing 9
CURRENT AREAS OF INVESTOR FOCUS - MARKET DEMAND Expected Increase in Proppant Demand for 2018 Increasing Number of Well Completions Higher Proppant Intensity Per Well U.S. HORIZONTAL LAND RIG COUNT (1) AVERAGE PROPPANT TONS 850 PER…
CURRENT AREAS OF INVESTOR FOCUS MARKET SUPPLY AND DEMAND Current Tightness on Finer Grades Carries into 2018 2018: Even with 100% adoption of FMSA grade mix is well balanced to Permian sands, over 75 million tons of meet demand for…
CURRENT AREAS OF INVESTOR FOCUS FMSA KERMIT FMSA Kermit Update Timeline on track Expected to begin production in Q2 2018 Forecasted to be operating at full capacity in Q4 2018 Contract Update Signed multiple contracts FMSA Kermit…
CURRENT AREAS OF INVESTOR FOCUS REFINANCING Improved Flexibility in Capital Structure Entered into new 700M Term Loan B Capitalization Summary on Nov. 1, 2017 ( in Millions) Jun. 30, Sep. 30, Pro-Forma post Interest rate of LIBOR…
PERFORMANCE UPDATE Financial Update and Outlook Third-quarter 2017 results Volumes: Total company +5% sequentially; Proppant Solutions +9% sequentially Nearly 95% utilization of capacity for Proppant Solutions Adjusted EBITDA: 72.4…
WHY INVEST IN FMSA Industry Leader Well-Positioned for Growth KEY LONG-TERM STRONG MARKET DRIVERS VALUE CREATORS Dynamic onshore completions activity Technology & innovation Increased proppant intensity per well Broad product…
Appendix
Appendix: Reconciliation of Non-GAAP Financial Measures Adjusted EBITDA Three Months Ended, (in thousands) Sep. 30, 2017 Jun. 30, 2017 Net income (loss) 34,944 10,483 Interest expense, net 12,110 12,983 Provision (benefit) for…
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