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…
Unique Culture with Strong Focus on Safety Leading safety performance Clearly Covia Lost Time Incident Rate Safety First 2018 0.8 Benchmark Be Different 0.6 Deliver on Promise 0.4 CVIA Do Good. Do Well. Act 0.2…
Unique Competitive Advantages Size, Scale and Geography Distribution Network Technical Innovation Product and Market Diversity 5
Strength Through Diversity of Businesses, Geographies and Minerals 2015 - 2018 Pro Forma Volumes 2018 Pro Forma Industrial Revenues Geographies Canada Other Mexico United States Energy Industrial 55% 45% 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 250 200 150 100 50 0 2015 2016 2017 2018 1 Excludes gross profit generated by HPQ business Industrial margins resilient, even…
ENERGY SEGMENT
Energy Scale to Meet 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 Fixed-cost leverage Plants…
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,…
Solutions for All Well Environments Resin Proppant Dust Mine Raw Sand Coated Transport Mitigation to Sand Well Size and Scale Local In-Basin Northern White Curable & Tempered Propel SSP DST Last Mile Well-located High-quality raw…
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,…
Financial Transition Slide FINANCIALS and OUTLOOK
Recent Financial Highlights Highlights Q4 2018 Industrial and Energy volumes squarely within guidance Q1 2019 Industrial volumes expected to be relatively flat vs. Q1 2018 Q1 2019 Energy volumes expected to be flat sequentially,…
Q4 2018 Results Industrial Energy Total Company Volumes 3.5 million tons 4.4 million tons 7.8 million tons Revenue 185.7 million 255.6 million 441.3 million 31.3 million 50.5 million 81.8 million Incl. 8.1mm in local sand startup…
Pro Forma FY 2018 Results Industrial Energy Total Company Volumes 14.5 million tons 20.7 million tons 35.2 million tons Revenue 784.3 million 1.5 billion 2.3 billion 395.7 million 620.3 million 224.6 million Incl. 24.6mm in…
Outlook Industrial Q1 2019 Q2 2019 Volumes 3.5 million tons 3.8 million tons Energy Q1 2019 Q2 2019 Volumes 4.4 million tons 5.0 to 5.3 million tons Total Company FY19 SG&A 160 - 170 million Includes 10mm in non-cash…
Financial Strength and Deleveraging Capitalization 322 million in liquidity as of 12/31/18 134 million in cash 188 million revolver availability, with covenants recently relaxed 1.65 billion term loan Covenant light and matures…
Appendix
Appendix: Non-GAAP Reconciliation Three Months Ended December 31, 2018 As Reported Net income (loss) from continuing operations attributable to Covia Holdings Corporation (48,139 ) Interest expense, net 24,997 Provision…
Appendix: Non-GAAP Reconciliation Continued Year Ended December 31, 2018 Fairmount Santrol Merger Pro Forma Covia Pro Forma As Reported Pre-Merger Adjustments(1) Combined(2) Net income (loss) from continuing operations attributable…
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