Mine to Wellsite Solutions 3Q 2018 Investor Presentation November 2018
Key Investment Highlights Long-lived, Strong High-Quality Industry Reserve Base Fundamentals Focus on Logistics Safety and and Last Mile Environmental Advantage Stewardship Mine to Wellsite Solutions Significant…
Multi-Faceted Growth Strategy Maximize Significant Organic Growth Potential at Oakdale Annual nameplate capacity increased to 5.5 million tons during 2Q 2018 Strong O&G industry fundamentals driving organic growth Development of…
Significant Organic Growth Potential Oakdale Expansion Expanded to 5.5 million tons of annual nameplate capacity during 2Q 2018 Integrated plant design with new enclosed wet and dry plants for year-round processing Transloading…
Mining and Production
Northern White Operations Overview Smart Sand Overview Reserve Locations Smart Sand fully integrated frac sand services Oakdale, WI 1,196 acres company and low-cost producer of high-quality (Monroe County, WI) Northern White raw frac…
Oakdale Facility: High Quality Northern White Raw Frac Sand 8
Byron Transload 9
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…
Last Mile Acquisition Quickthree Solutions, Inc. Overview Vertical Storage at the wellsite Acquisition closed in June 2018 Manufacturer of portable vertical frac sand storage solutions at the wellsite Our goal is to provide a…
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 Expanded Oakdale to 5.5 million tons of annual nameplate processing capacity in 2Q 2018 Available capacity at Oakdale to capture near-term volume growth Long-lived, high-quality reserve base to support existing…
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 Nine m onths ended Dec 31, 2015 Dec 31, 2016 Dec 31, 2017 Septem ber 30, 2018 ( in millio ns) (audited) (audited) (audited) (unaudited) Revenues (1) 47.7 59.2…
APPENDIX Balance Sheet Dec 31, 2015 Dec 31, 2016 As of Dec 31, 2017 Sep 30, 2018 ( in millio ns) (audited) (audited) (audited) (unaudited) Current assets Cash and cash equivalents 3.9 47.5 35.2 1.2 Accounts receivable 6.0 5.7…
APPENDIX Statement of Cash Flows Year ended Year ended Year ended Nine m onths ended Dec 31, 2015 Dec 31, 2016 Dec 31, 2017 Septem ber 30, 2018 ( in millio ns) (audited) (audited) (audited) (unaudited) Operating activities Net…
APPENDIX EBITDA Reconciliation Year ended Decem ber 31, ( in tho usands) 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…
APPENDIX EBITDA Reconciliation Quarter ended ( in tho usands) 9/30/2017 12/31/2017 3/31/2018 6/30/2018 9/30/2018 Net income (loss) 7,047 10,886 975 10,021 12,125 Depreciation, depletion, accretion and amortization 1,756 2,184 3,160…
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