Continued Execution of Our Operating Strategy Kermit completion: Completed construction of purpose-built 3mm TPY in-basin Kermit facility with first delivery in July 2017; two months ahead of schedule and under budget MINE. Capacity…
Resuming Capital Return to Unitholders Board authorized for up to 100mm of HCLP unit repurchases in October 2017 Completed 20mm of repurchases in 4Q17 (2,030,163 common units) Unit Repurchase Reflects maximum allowed for under…
Extended Maturity Profile & Enhanced Flexibility Term Loan Refinancing Revolver Refinancing In December 2017, entered into new 7-year In December 2017, entered into new 5-year 200mm Term Loan Credit Agreement 125mm Revolving Credit…
Our Unrivaled In-Basin Logistics Platform Advantage: Hi-Crush owned and operated network reduces trucking distance and costs Northeast Service Footprint Permian Service Footprint 1) Estimate based on NavPort 2017 YTD reported…
Best-in-Class Logistics Platform Our Logistics Platform Today Development Track Record 80% 12 Opportunistic Development Permian and Northeast Owned and operated Strategically invested in our owned proppant demand within 50 and…
Network Ownership Enhances Logistics Advantage Wisconsin Logistics Network Bakken Owned and operated logistics Augusta network provides flexibility to address changing demand Blair dynamics; mitigates impacts Whitehall of…
PropStream Integrated Logistics Service Safe. Efficient. Effective. Unique last mile proppant logistics solution reduces costs and environmental impact by simplifying the proppant delivery process through a fully flexible service…
Outlook and Strategy
Volumes and Utilization Increasing to Meet Demand HCLP Quarterly Volumes Sold Q4 2017 volumes expected to increase Q3 2017 volumes of 2.5mm tons to 2.7mm 2.9mm tons; sequential represents 16% sequential growth growth of 8-16%…
Expected In-Basin Industry Capacity Additions 2018 Permian In-Basin Capacity Permit filings and company announcements suggest 60mm TPY 60mm TPY of Permian in-basin nameplate capacity additions We believe significantly less…
Basin Diversity Drives Consistent Sales Volumes Bakken Diverse Hi-Crush Sand Sales Destinations 5% Hi-Crush Northern White Facilities 45% of Hi-Crush Northern White volumes sold in-basin Marcellus outside the Permian / Utica…
In-Basin Sand Complements Northern White Demand In-basin supply will likely erode regional sand share to a greater degree due to lower cost and comparable mesh sizes Total U.S. Proppant Permian Effective Demand by Basin Supply…
Well-Positioned in Dynamic Demand Environment Strong base of NW demand in Permian Majority of 2018 demand from regions A B due to mesh preferences only economically supplied by NW Demand (Future)1 Mesh Split (Demand)1 Future Supply…
Strong Financial Outlook Using Modest Assumptions Northern Northern White White Contribution Contribution Margin Matrix Margin Kermit: 105mm ------------- Northern White Contribution Margin per Ton ---------- mm 5.0 10.0 15.0…
Leveraging Our Competitive Advantages Factor Our Position The Hi-Crush Advantage Size and Five facilities, 13.4mm tons Premier supplier with operational flexibility and ability Scale of annual capacity to meet dynamic customer needs…
Hi-Crush Customer Value Proposition We provide our customers with the high-quality, cost-effective proppant and logistics services they require and want, when and where they are needed MINE. MOVE. MANAGE. 13.4mm TPY annual…
Strong Liquidity and Financial Flexibility in 000s December 31, 2016 September 30, 2017 Pro forma3 Cash 4,521 23,906 23,906 Revolver - - - Term loan1 189,715 189,039 196,039 Other notes payable 6,705 4,191 4,191 Total debt 196,420…
Q3 2017 Summary Statements of Operations Unaudited Quarterly Consolidated Statements of Operations (Amounts in thousands, except per unit amounts) Q3 2016 (1) Q4 2016 (1) Q1 2017 Q2 2017 Q3 2017 Revenues 46,556 67,297 83,364 135,220…
Q3 2017 Summary EBITDA, Adjusted EBITDA, DCF Unaudited EBITDA, Adjusted EBITDA and Distributable Cash Flow (Amounts in thousands) Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Reconciliation of distributable cash flow to net income: Net…
Appendix
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…
Dunes Sagebrush Lizard (DSL) Habitat Dunes Sagebrush Lizard Habitat in Texas1 Shinnery Oak Quercus havardii (Shinnery Oak) deciduous, low-growing, thicket-forming shrub Small portion of the overall shinnery oak community found…
Hi-Crush Poses No Threat to the DSL The Hi-Crush Kermit Site The development of the Kermit site does not pose a threat to the DSL or to DSL habitat Extensive diligence conducted by state certified wildlife biologists and renowned…
Efficient Railcar Management Efficiently managing our railcar fleet; well-positioned to service increased activity Railcar All railcars remobilized from storage in early 2017 to meet increasing demand Management 61% of railcars…
Simple Structure; Incentivized Management Team Avista Capital Partners 61% 39% Management and and Co-Investors Directors Hi-Crush Proppants LLC (Sponsor) 10.2% LP 100% Public Hi-Crush GP LLC Unitholders 100% of IDRs…
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