Covia: A Leading Diversified Mineral and Material Solutions Company Covia is a leading provider of advanced mineral-based material solutions across Industrial and Energy markets Industrial More than 19 million tons of capacity…
Unique Culture with Strong Focus on Safety Clearly Covia Leading safety performance Total Recordable Incident Rate 2018 Safety First 2.0 Benchmark Be Different CVIA 1.5 Deliver on Promise 1.0 Do Good. Do Well. Act 0.5…
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 and Polymers Foundry and Metals Paints Architectural coatings Transport - auto, rail & aerospace Agricultural films Ceramics Equipment construction Antiblock additives agriculture & mining…
Multi-Functional Products Serve Wide Customer Base Coatings & Building Foundry Sports & Product Glass Ceramics Filtration Polymers Products and Metals Recreation Silica Nepheline Syenite Feldspar Clay & Kaolin Lime Coated…
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 Diverse mix of minerals, and markets…
Differentiation from Aggregates Primary End Markets U.S. Miners What Distinguishes Specialized Industrial Miners Unique, Multi-Mineral Offerings Covia offers multiple minerals and over 1,000 different products, including…
Case Study Glass Why a leading glass maker chooses Covia Unique, Multi-Mineral Offerings Covia provides high-quality silica, feldspar and Nepheline Syenite all critical ingredients in glass manufacturing. Product Quality and…
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…
ENERGY SEGMENT
Recent Energy Trends Market Trend Covia Position Overall proppant Estimated Q2 annualized Asset and logistics portfolio to reach demand demand in the high-80 million all basins cost-competitively ton range, up from mid-70 million…
Tier 1 Proppant Asset Portfolio In-Basin Kermit, TX Wedron, IL Plants Crane,TX Utica, IL Tunnel City, WI Kasota, MN Oregon, IL Seiling, OK Primary Bakken, Mid-Con Permian, Midcon, Basin(s) Permian, Bakken, Rockies, Permian,…
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…
Thought Leader on Technical Proppant Analysis 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
Financial Highlights Highlights Q1 2019 Industrial and Energy volumes squarely within guidance Sequential strengthening across both segments in March Q2 2019 Industrial and Energy volume outlook remains in-line with previous…
Repositioning for Energy Market Changes Millions of tons Active Energy Capacity Millions SG&A 30 60 18.4% decrease 25 Local sand 50 capacity to 51.5 meet customer 20 needs 40 42.0 15 30 NWS capacity 10 consolidated 20 into…
Strategy to Drive Shareholder Value Optimize Maximize Cash Reduce Net Debt Assets Flow Multiple Levers Available for Net Debt Reduction Predictable Industrial business: 225 million gross profit in 2018 Advantaged Energy assets…
Q1 2019 Results In millions Industrial Energy Total Company Volumes (tons) 3.6 4.4 8.0 Revenue 192.2 236.1 428.2 Gross Profit 51.6 15.1 66.7 SG&A -- -- 42.04 Adjusted EBITDA -- -- 34.95 1 - Includes 0.5mm in purchase accounting…
Outlook Industrial Q2 2019 Volumes 3.8 million tons Energy Q2 2019 Volumes 5.0 to 5.3 million tons Total Company FY19 SG&A 160 - 170 million Includes 10mm in non-cash stock comp Capex 80 to 100 million 24
Appendix
Appendix: Non-GAAP Reconciliation Net Income (Loss) Information & Reconciliation to Non-GAAP Measures (unaudited) The following table reconciles EBITDA and Adjusted EBITDA, non-GAAP financial measures, to the most directly comparable…
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