BARCLAYS OILFIELD TOUR AND EMERGING GROWTH COMPANY FORUM MARCH 2014
Hi-Crush Partners LP Traditional MLP that Leverages Strong Industry Fundamentals to Create Growth and Value Industry Leading Contracted Model Growth Platform Strategic Asset Portfolio Key Investment Substantial Growth…
Our Platform for Growth Strong Industry Long-Term High Quality Industry Leading Cost Contracted Reserve Base Fundamentals Advantage Cashflow Increasing Northern Market favors API spec, State-of-the-art, Fixed price / volume…
Maximizing Valuation for Unit Holders Increased Integration with Logistics Customer Supply Capabilities Chain Dynamics of market continue to change Premium white sand continues to gain share of proppant market Flexibility…
Platform for the Future Increased Integration Logistics with Customer Capabilities Supply Chain Multiple Experienced Financial Growth Management Flexibility Opportunities Strong Industry Long-Term High Quality…
Distribution Growth IPO 2014 Guidance Distribution Increases 0.475 Low Minimum Double-Digit 0.490 - Q4 13 Quarterly Distribution 0.510 - Q1 14 Distribution Growth Raised distribution paid in Q4 2013 by 3% and Q1 2014 an…
2013 A Year of Progress First dropdown from Augusta Hi-Crush acquires D&I for 133 million The Successfully settles Baker Hughes lawsuit with new 6-year agreement Transactions Doubles size, diversifies revenue and customer platform,…
What We See Ahead Proppant Consumed by Volume 90 80 78.5 80 68 70 58 60 Millions of Tons 51.2 48 50 40 40 29.6 30 62.6 20 41.0 1.8 7.0 23.5 10 1.3 5.6 0 2002 2007 2012 2017 2022 Raw frac sand Resin-coated…
Logistics Flexibility Critical Access to all major US oil and gas Augusta Facility basins Whitehall Facility Destination terminals across Marcellus & Utica, adding location in Sandstone Formations Permian in 2014 Wyeville…
Opportunities Ahead Increasing lateral lengths, increasing number of frac stages, increasing Demand proppant use per stage Enhanced exposure to new customers Diversification Continue to diversify service offerings Fractured…
HCLP Transformation HCLP 2012 HCLP 2013 102M Assets 302M 95 Employees 232 1.16M Sand Sold (tons) 1.85M 4 Customers 25+ 0 Destination Terminals 12 Top tier producer of Leader in sand supply premium white sand and…
Total Frac Sand Capacity Remains Concentrated 16% 11% 8% 30% 70% 7% 6% 22% Non tier-one capacity Company A Company B Company C Company D Hi-Crush All other tier one Notes: Based on 1Q 2013 frac sand capacity…
Top 10 Producers Hold 92% of Tier-One Capacity 8% 3% 23% 5% Company A 5% Company B Company C Company D 5% Hi-Crush Company E Company F 7% Company G 15% Company H Company I All other tier one 8% 9% 12% Notes:…
Multiple Future Opportunities M&A Industry ripe for consolidation of small, private sand companies Organic Expansion Sponsor owns or has options on additional acres of undeveloped land Contributions Future contributions…
Leveraging Our Success Low-Cost Producer Prime Asset Portfolio Visible Growth Avenues Wisconsin Focused Vision 3.2 million tons of capacity* Over 30 years of reserves Marcellus Exclusive rail access Three times as many…
Appendix
Fourth Quarter 2013 Summary Three Months Three Months Ended Ended December 31, 2013 December 31, 2012 Successor Successor Revenues 51,498 16,215 Cost of goods sold (including depreciation, depletion 31,214 4,313 and…
Full Year 2013 Summary Period From Period From Year August 16 January 1 Ended Through Through Dec. 31, 2013 Dec. 31, 2012 Aug. 15, 2012 Successor Successor Predecessor Revenues 141,742 28,858 46,776 Cost of goods sold (including…
Fourth Quarter 2013 Summary Three Months Three Months Ended Ended December 31, 2013 December 31, 2012 Successor Successor Reconciliation of EBITDA and Distributable Cash Flow to Net Income: Net income 18,058 9,399 Depreciation…
Full Year 2013 Summary Period From Period From Year August 16 January 1 Ended Through Through December 31, 2013 December 31, 2012 August 15, 2012 Successor Successor Predecessor Reconciliation of EBITDA and Distributable Cash Flow…
Production Costs per Ton at Wyeville Hi-Crush Partners LP Production Cost per Ton Fiscal Quarter 4Q 2011 1Q 2012 2Q 2012 3Q 2012 4Q 2012 1Q 2013 2Q 2013 3Q 2013 4Q 2013 Predecessor Successor Combined Tons produced and delivered…
Wyeville Production Costs Non-GAAP Recon. Hi-Crush Partners LP GAAP Reconciliation of Production Costs to Cost of Goods Sold Fiscal Quarter 4Q 2011 1Q 2012 2Q 2012 3Q 2012 4Q 2012 1Q 2013 2Q 2013 3Q 2013 4Q 2013 (Amounts in…
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