Global Hunter Securities GHS 100 Energy Conference June 24, 2014 Chicago, IL
NRP: A Diversified Resource Company 3
NRPs Diversified Revenue Stream Revenues have more than doubled since 2005 Revenues from sources other than coal related revenues Other 19 Oil & Gas Only 6% in 2005 25 Met Coal 6% 84 28% in LTM 1Q2014 7% 35% in 1Q2014…
Goal Grow Distributions on a Sustainable Basis Strategy Comment 1 Continue to Diversify Further pursue both geographic as well as mineral diversification Business through Trona, oil and gas, frac sand provide Accretive Acquisitions…
Financial Strategy leads to Improving Statistics 1Q2014 - 349 million Liquidity Allows NRP to continue to focus on diversified acquisitions ATM Equity Expect to raise approximately 20 million in 2014 under the At- Program the-Market…
Growing Investment in Aggregates / Industrial Minerals Business 500 million tons of aggregates in 13 states for NRP 15% of LTM 1Q2014 total revenues, but growing 50.6 million in revenues primarily derived from soda ash business NRP…
Diversification into Trona/Soda Ash Operations OCI Wyoming Overview U.S. Soda Ash Industry Dynamics OCI Wyoming produces trona and refines 2013 Consum ers of Soda Ash into soda ash in Green River Basin of Flue Gas Distributors…
Oil and Gas Revenues Expected to Double in 2014 Own, manage and lease oil and gas mineral Oil and Gas Revenues from NRPs Assets properties in the U.S. Over 261,000 net leased oil, gas and CBM acres More than 1,300 producing wells…
Oil and Gas Prices Remain Strong U. S. WTI Crude Oil Prices ( 2000 Present) Oil Markets WTI prices remain strong (+100/bbl) N. American crude prices disconnected from their global counterparts Disruption risk owing to political…
Overview of NRPs Coal Business Diversified platform across the coal industry 5th largest owner of coal reserves in the U.S. 2.3 billion tons Strategically located in Appalachia, Illinois Basin, Western U.S., Gulf Coast Since 2005…
NRPs Illinois Basin Strategy NRPs ILB Strategy U.S. Thermal Coal Production Outlook Illinois Basin coal is well situated to increase market (millions of tons) 51% 199 share as Appalachia declines and export demand rises ILB 132…
Steam Coal Market is Improving Coldest winter in many years U. S. Utility Coal Inv entories (2000 - Present) creating additional demand 92% of increased demand provided by coal plants Coal inventories at power plants at lowest…
Metallurgical Coal Market Needs time to recover Metallurgical Prices at lowest level in several years Market is currently being overproduced Australian coal is more competitive in global market due to currency exchange rates…
Potential Upside From Existing Coal Assets NRP (in millions) 400 56 From 2011-2014 forecast NRP expects 350 54 coal related revenues to have decreased 300 52 by 120 mm 250 50 Much of decline has been attributable to 200 48…
NRP - Key Investment Considerations Large, diverse and strategically located natural resource base More than 11 million mineral acres Coal, trona, oil and gas, aggregates, frac sand and other industrial minerals Disciplined…
Appendix 17
Business Overview Overview of NRP Revenues from NRPs Assets (2013) Own, manage and lease mineral properties across the U.S. 2.3 billion tons of coal reserves in three major coal producing basins 500 million tons of aggregate…
EBITDDA Reconciliation (in thousands) LTM 1Q2014 Net income 156,777 Interest expense 69,593 DD&A 64,262 Impairments 443 DD&A from OCI 16,687 EBITDDA 307,762 Revenues 344,094 EBITDDA Margin 89.4% 19
Loading...
