Disclaimer (contd) Reserves Mineral resources and reserves are typically classified by confidence (reliability) levels based on the level of exploration, consistency and assurance of geologic knowledge of the deposit. This…
Key Investment Highlights Long-lived, Strong High-Quality Industry Reserve Base Fundamentals Focus on Logistics Safety and Advantage Environmental Stewardship Significant Strong Organic Balance Sheet Growth and…
Multi-Faceted Growth Strategy Maximize Significant Organic Growth Potential at Oakdale Focus on increasing nameplate capacity to 5.5 million tons by the end of 2Q 2018 Strong O&G industry fundamentals driving organic growth…
Significant Organic Growth Potential Oakdale Expansion Expanding to 5.5 million tons of annual nameplate capacity by the end of Q2 2018 Integrated plant design with new wet plant, for expanded capacity, and new dry plants enclosed…
Mining and Production
Northern White Operations Overview Smart Sand Overview Reserve Locations Smart Sand - pure-play, low-cost producer of high- quality Northern White raw frac sand Oakdale, WI 1,196 acres (Monroe County, WI) The Company owns a Northern…
Oakdale Facility: High Quality Northern White Raw Frac Sand 2016 8
Oakdale Facility: High Quality Northern White Raw Frac Sand - Now Coulee C Mine 60/140 Winter Storage Pile 20/70 Winter Storage Pile Phase 2 Mine Mine Phase 1.5 Phase 1 Wet Plant Dry Plant 3 Mine Process Water Settling…
Cost-Effective, Differentiated Process On-site Mining / Excavation Conveyer Belt to On-site Wet Plant Wet Plant Cleans and Sorts Product Dry Plant Dries and Sorts Product Unit Trains Deliver Dry Sand to Basin Low Cost…
West Texas Mine Options (Permian Basin) 4,219 acres under lease in Winkler and Crane counties in the Permian Basin Total upfront consideration…
Logistics
Expansive Logistics Capabilities Key Logistical Advantages Highly Competitive Delivery Capabilities On-Site Rail Eliminates significant trucking costs Class I Rail Access Location on Canadian Pacific rail line allows access to…
Van Hook Terminal Location: Van Hook, ND Commenced operations in April 2018 Signed long-term take-or-pay contract with an anchor customer at in-basin pricing 15.5 million paid consideration Evaluating options to increase capacity…
Quickthree Solutions Acquisition Quickthree Solutions Overview Quickstand Silo Line Expected close at the end of May 2018 Manufacturer of portable last mile vertical frac sand storage solutions at the wellsite Our goal is to…
Industry Overview
Industry Trends Driving Growth in Sand Demand U.S. New Well Drilling & Proppant Demand 30,000 180 Millions of Tons of Proppant New US Horizontal Wells 160 25,000 140 20,000 120 100 15,000 80 10,000 60 40 5,000 20…
Market Growth Potential More Wells Drilled More Stages/Well More Proppant/Foot More Proppant/ Well More Proppant Demand 2014 Average 2015 Average 2016 Average 2017 Average 2018E New Horizontal Rigs Drilled 24,622 16,492 9,275…
Growing Demand for Fine Sand Mesh Sizes Market Outlook for Fine Sand Proppant size is characterized by mesh size According to Kelrik LLC, a notable driver which is determined by sieving the proppant impacting demand for fine mesh sand…
Why Smart Sand Expanding Oakdale to 5.5 MM annual nameplate production capacity Available capacity at Oakdale to capture near-term volume growth Long-lived, high-quality reserve base to support existing operations as well as…
Appendix
APPENDIX Committed to Highest Corporate Standards Management maintains close dialogue with its customers regarding the oil and gas industrys rigorous regulatory environment Legal & ISO registered Quality System and Environmental…
APPENDIX Income Statement For the Year ended Year ended Year ended Three months ended Dec 31, 2015 Dec 31, 2016 Dec 31, 2017 Mar 31, 2018 ( in millions) (audited) (audited) (audited) (unaudited) (1) Revenues 47.7 59.2 137.2 42.6…
APPENDIX Balance Sheet As of Dec 31, 2015 Dec 31, 2016 Dec 31, 2017 Mar 31, 2018 ( in millions) (audited) (audited) (audited) (unaudited) Current assets Cash and cash equivalents 3.9 47.5 35.2 2.6 Accounts receivable 6.0 5.7 24.6…
APPENDIX Statement of Cash Flows For the Year ended Year ended Year ended Three months ended Dec 31, 2015 Dec 31, 2016 Dec 31, 2017 Mar 31, 2018 ( in millions) (audited) (audited) (audited) (unaudited) Operating activities Net…
APPENDIX EBITDA Reconciliation Year ended December 31, ( in thousands) 2015 2016 2017 Net income (loss) 4,990 10,379 21,526 Depreciation, depletion, accretion and amortization 5,318 6,445 7,300 Income tax (benefit) expense 4,129 9,394…
APPENDIX EBITDA Reconciliation Quarter ended ( in thousands) 3/31/2017 6/30/2017 9/30/2017 12/31/2017 3/31/2018 Net income (loss) 969 2,624 7,047 10,886 975 Depreciation, depletion, accretion and amortization 1,667 1,693 1,756 2,184…
APPENDIX Production Cost Reconciliation Year ended December 31, ( in thousands) 2015 2016 2017 Cost of goods sold 21,003 26,569 100,304 Depreciation, depletion, and accretion of asset retirment obligations (4,930) (6,076) (7,289)…
APPENDIX Contribution Margin Reconciliation Quarter ended ( in thousands) 3/31/2017 6/30/2017 9/30/2017 12/30/2017 3/31/2018 Revenue 25,059 29,787 39,329 43,037 42,628 Cost of goods sold 19,662 21,407 26,297 32,938 35,413 Gross…
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