Investor Presentation May 2019 NYSE: HCLP hicrush.com
Business Update 3
Latest Business Updates Last Mile Technology: Logistics Expansion: Acquired BulkTracer, owner of the Acquired remaining ownership interest PropDispatch software that enables real- in Pronghorn Logistics, expanding last time logistics…
PropDispatch: Real-Time Logistics Management Advancing our last mile platform with differentiated technology Overview In January 2019, acquired BulkTracer Holdings, the owner and developer of PropDispatch software PropDispatch…
Pronghorn Logistics: Extending Last Mile Innovation Combination with Pronghorn expands PropStream as a leader in logistics services across all major shale basins Acquisition Highlights In Q2 2019, Hi-Crush acquired remaining…
Operational Update - Q1 2019 Success in Direct Sales to E&Ps 63% Volumes sold direct to 63% of sales volumes in Q1 2019 sold to E&P customers E&Ps, up from 51% in Q4 2018 Up significantly from 33% in Q1 2018 24% Second Kermit…
E&P Customer Benefits of Aligning with Hi-Crush Aligning with Hi-Crush supports enhanced operations and efficiency Dedicated frac sand Optionality in last mile Diversification across provider with sand, and in-basin delivery regions…
Hi-Crush Benefits of Aligning with E&P Customers Relationship Driven Long project lead times and significant capital requirements drive E&Ps to value strategic 63% of quarterly sales volumes in Q1 2019 relationships with suppliers…
Sustainable Capital Position Balance sheet flexibility enables Hi-Crush to address changing market dynamics and opportunities Strong Flexible Conservative Cash & liquidity Capital position Leverage 60mm11 60mm No 444mm /…
Corporate Conversion Process Update Conversion to C-Corporation expected to be completed by end of Q2 2019 Simplify Current Corporate Structure Remove structural hurdles to conversion and align interests of management and the…
Fulfilling Our Corporate Responsibilities From our CEO Evidence of Our Commitment The most important asset at Hi-Crush Behavior-based safety program is our people. Ensuring the health and ingrained in all aspects of our safety of our…
Financial Results and Outlook 13
Financial & Operating Outlook Metric Guidance Value Period Quarterly sales volumes 2.5 2.7mm tons Q2 2019 Capital expenditures: 2018 carryover growth capex1 30 35mm 1H 2019 Maintenance capex2 20 25mm FY 2019 2019 growth capex3…
Maintaining Capital Discipline More than ample liquidity to meet 2019 capital uses Capital Sources Capital Uses Interest payments EBITDA Maintenance capex Cash 2019 growth capex ABL availability 2018 carryover growth capex…
Sales Volume Q1 2019 Higher sequential volumes driven by ramp of second Kermit facility to nameplate capacity of 3mm TPY 63% of volumes sold direct to E&P customers in Q1 2019, up from 51% in Q4 2018 Completed Wyeville expansion,…
Key Financial Metrics in 000s, except per ton Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Revenues 218,113 248,520 213,972 162,235 159,910 Adjusted EBITDA1 64,062 80,552 51,347 10,179 16,215 Average selling price (/ton) 73 70 64 58 48…
Q1 2019 Summary Statements of Operations Unaudited Quarterly Consolidated Statements of Operations (Amounts in thousands, except per unit amounts) Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Revenues 218,113 248,520 213,972 162,235…
Q1 2019 Summary EBITDA and Adjusted EBITDA Unaudited EBITDA and Adjusted EBITDA (Amounts in thousands) Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Reconciliation of Adjusted EBITDA to net income: Net income (loss) 53,431 66,956 27,138…
Solid Balance Sheet Strong liquidity and financial flexibility No maturities before 2023 and no maintenance covenants in 000s December 31, 2018 March 31, 2019 Cash 114,256 60,404 ABL Facility - - Senior unsecured notes1 440,625…
Investor Contacts Caldwell Bailey Lead Analyst, Investor Relations Marc Silverberg Managing Director (ICR, Inc.) Phone: (713) 980-6270 E-mail: irhicrush.com 21
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