INVESTOR PRESENTATION SEPTEMBER 2018 NYSE: HCLP hicrush.com
Business Update
A Stable and Diverse Platform for Growth We provide our customers with the high-quality, cost-effective proppant and logistics services they require, when and where needed MINE. MOVE. MANAGE. 17.3mm TPY pro-forma Largest owned…
Hi-Crush Sales Volumes HCLP Quarterly Volumes Sold Q2 2018 volumes of 3.0mm tons represents Q3 2018 volumes expected to total 44% YoY and 16% sequential increase, 2.8 - 3.0mm tons1; expansion and driven by increased demand and…
Network Ownership Provides Logistics Advantage Wisconsin Logistics Network Bakken Owned and operated logistics Augusta network provides flexibility to address changing demand Blair dynamics, allows for increased Whitehall…
Q2 2018 Operational Highlights Q2 2018 Statistics Quarterly Highlights Success in Direct Sales to E&Ps 31% 79% Our in-basin Kermit facility and Volumes sold direct to increased adoption of PropStream Volumes sold in-basin continue…
Strategy & Acquisition Overview
The Evolution of the Last Mile Landscape Last Mile Product Market Share by Type Legacy wellsite storage and delivery systems will continue to be displaced due to inefficiency and safety issues Current Future Long-term, last mile…
FB Acquisition is the Next Step in Hi-Crushs Evolution Expands Hi-Crushs optionality in sand production, delivery point and wellsite storage Expands Value and management Proposition Establishes position as the only provider of both…
FBs Differentiated Silo-Based Last Mile Solution Eliminates pneumatics via proprietary top-fill conveyor Proprietary drive-over belly-dump conveyor allows for simultaneous staging and unloading, 90% faster than a pneumatic trailer…
PropStreams Flexible Solutions to Customer Challenges E&P MINE. MOVE. MANAGE. Customer Priorities PropStreams ability to offer customers the option of containerized and/or silo- Surety of based last mile solution enables…
Supply Agreement Reflects Hi-Crushs Value Proposition Amended supply agreement with an existing major E&P customer in the Permian encompasses the full value of Hi-Crushs Mine. Move. Manage. operating strategy MINE. MOVE. MANAGE.…
Expanding Capacity to Meet Customer Needs Wyeville Blair Augusta Whitehall Kermit + Kermit 2 Capacity1 2.70mm TPY 2.86mm TPY 2.86mm TPY 2.86mm TPY 6.00mm TPY Northern Northern Northern Northern Permian Type White White White…
Evolution of our Mine. Move. Manage. Strategy Timeline of Hi-Crushs Operational Evolution Northern White Nameplate Capacity In-Basin Permian Nameplate Capacity Owned and Operated Terminals Container Crews Silo Crews 17.3mm TPY1…
Financial Outlook & Results
Market Environment Secular trends in frac sand demand continue to improve; long term trends are positive E&Ps slowdown in activity and spending due to unique combination of transitory factors: Early achievement of production…
2018 Updated Guidance Metric Guidance Value1 Period Quarterly sales volumes 2.8 - 3.0 million tons Q3 2018 % of capacity contracted2 80%+ Kermit mines, 80%+ Northern White mines 2019+ PropStream crews and FB systems 20+ PropStream…
Capital Structure Evolution Evolution of Debt Maturities Enhances Availability New Senior 500 Notes 400 mm 300 Previous New Current Term Loan ABL Term Loan 200 Current 450 Previous Revolver 100 Revolver 200 200 200 125 75…
Balance Sheet Maximizes Flexibility for the Future High Yield Bond Offering In July 2018, announced the private placement of 450mm senior unsecured notes 8-year maturity in August 2026 Interest at 9.50% Ratings of B3 by Moodys and…
Strong Liquidity and Financial Flexibility in 000s June 30, 2018 Pro-Forma Cash 25,433 222,433 Revolver/ABL - - Term loan1 193,741 - Senior unsecured notes2 - 441,000 Other notes payable 1,129 1,129 Total debt 194,870…
Key Financial Metrics in 000s, except per ton Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Revenues 135,220 167,583 216,456 218,113 248,520 Adjusted EBITDA1 26,544 41,706 59,025 64,464 81,486 Average selling price (/ton) 64 68 71 73 70…
Q2 2018 Summary Statements of Operations Unaudited Quarterly Consolidated Statements of Operations (Amounts in thousands, except per unit amounts) Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Revenues 135,220 167,583 216,456 218,113 248,520…
Q2 2018 Summary EBITDA, Adjusted EBITDA, DCF Unaudited EBITDA, Adjusted EBITDA and Distributable Cash Flow (Amounts in thousands) 1) Maintenance and replacement capital expenditures, including accrual for reserve replacement, were…
Investor Contacts Investor Relations Contacts Caldwell Bailey, Lead Analyst, Investor Relations Marc Silverberg, ICR (713) 980-6270 IRhicrush.com 25
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