Covia: A Leading Diversified Mineral and Material Solutions Company Covia combines the unique and unparalleled strengths of Unimin and Fairmount Santrol to provide advanced mineral-based material solutions across Industrial and Energy…
Covia by the Numbers 2,000+ Over 100 Years Customers of Experience Nearly 50 Over 50M Tons Plants Active annual production capacity 2.5 Billon 90 Terminals Revenue 1 Includes coating plants 2 Pro forma last 12 months as of…
Unique Competitive Advantages Size and Scale Distribution Network Technical Innovation Product and Market Diversity 5
Safety and Sustainability Leading safety performance Sustainability is a foundational commitment Lost Time Incident Rate YTD through Oct. 18 0.8 Benchmark Protect our planet. 0.6 Strengthen our communities. 0.4 CVIA Advance…
Strength Through Diversity of Markets, Geographies and Minerals 2015 - 2017 Pro Forma Volumes 2017 Pro Forma Industrial Revenues Geographies Canada Other Mexico United States Energy Industrial 53% 47% Minerals Feldspar…
INDUSTRIAL SEGMENT
A Diverse Mix of End Markets COATINGS & POLYMERS FOUNDRY CASTINGS Paints Architectural coatings Transport - auto, rail & aerospace Agricultural films CERAMICS Equipment construction Antiblock additives agriculture & mining Tiles…
Multiple Pathways to Capture Growth Mineral: Nepheline Syenite Largest reserves in North America Used primarily in glass, coatings & polymers and ceramics Plants Share gains from substitute minerals driving growth Industrial…
Why Customers Choose Covia Customer Knowledge Understanding customer needs and expectations to deliver total solutions Reliability & Consistent Quality Delivering the right product, at a consistent specification, at the right…
Resilient Industrial Segment Through Cycles Pro Forma Industrial Gross Profit In millions 250 200 150 2015 2016 2017 1 Excludes gross profit generated by HPQ business Industrial margins resilient, even through energy…
Industrial Pillars of Long-Term Value Creation Strong Footprint Full Synergy Blue Chip Organic Across North Solutions Realization Customers Growth America Leveraging Footprint GDP market Multi-plant, multi- unparalleled…
ENERGY SEGMENT
Proppant Demand Outlook Million of tons 120 100 80 60 40 20 2018 2019 0 Proppant demand has softened in 2H 18 driven primarily by operator budget exhaustion Seasonality expected to negatively impact demand at the end of…
Energy Scale to Meet Rising Demand Scale Matters Flexibility to shift with changes in market demand and ensure customer supply Ability to serve every basin from tier- 1 assets at industry-leading costs Plants Energy Fixed-cost…
Solutions for All Well Environments Conductivity Resin Proppant Dust Mine Raw Sand Coated Transport Mitigation to Sand Well Size and Scale Local In-Basin Northern White Curable & Tempered Propel SSP DustShield Last Mile…
Higher Productivity from Northern White Northern white sand has the ability to better withstand formation stress, and therefore achieve better conductivity. 100 Mesh 6k Continuous Hold Conductivity Testing 350 Conductivity,…
Tier 1 Proppant Asset Portfolio In-Basin Kermit, TX Wedron, IL Plants Crane,TX Maiden Rock, WI Utica, IL Tunnel City, WI Kasota, MN Seiling, OK Oregon, IL Primary Bakken, Mid-Con Permian, Midcon, Basin(s) Permian, Bakken,…
Energy Pillars of Long-Term Value Creation Total Low Cost Synergy Blue Chip Scale Solutions Provider Realization Customers Provider Consolidation, Low-cost Leveraging scale operational Northern White Aligning with Wide product…
Financial Transition Slide FINANCIALS and OUTLOOK
Segment Balance Provides Insulation & Upside Pro Forma Revenue by Segment In millions 2016, 2017 and Last 12 Months through Q3 18 3,000 Industrial Energy LTM 2,500 Size and Scale FY17 2,000 LTM FY16 FY17 1,500 1,000 LTM…
Financial Strength Capitalization Cash Flow Generation 1.65 billion term loan 728 million pro forma gross profit LTM Covenant light through Q3 2018, including 227 million generated by Industrial segment Matures in 2025 Annual…
Q3 Results and Outlook Q3 Results Industrial Volumes of 3.7 million tons, flat year-over-year Gross profit of 56.8 million, down 7% year-over-year driven by higher costs in Mexico and purchase accounting Energy Volumes of 4.5…
Key Priorities Capture growth opportunities in Industrial markets Drive Growth Ramp-up combined 8 million tons of local capacity in the Mid-Con and in Core Permian basins Segments Deploy operational and commercial excellence across…
Appendix
Appendix: Production Facilities Total Annual Total Annual Facility Mineral Type Facility Mineral Type Capacity (mt) Capacity (mt) Ahuazotepec, MX 0.4 Feldspar Industrial Lampazos, MX 0.4 Silica Industrial Apodaca, MX 0.1 Calcium…
Appendix: Non-GAAP Reconciliation Three Months ended Sep. 30, 2018 Merger Pro Forma Covia Pro Forma In 000s USD As Reported Adjustments(1) Combined(2) Net income (loss) from continuing operations (288,794) 12,600 (276,194)…
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