JPMorgan 2019 Energy Conference June 2019 NYSE: HCR hicrush.com
Business Update 3
Latest Business Updates C-Corp Conversion: Share Repurchases: Unitholders approved corporate Begun execution of Board authorized conversion at Special Meeting on May 25mm share repurchase program; 22, 2019; conversion process…
Stock Repurchase Program Announced June 10th Initiated stock repurchase program of up to 25 million 2.9 million Effective immediately and authorized through June 30, 2020 completed to date1 Supported by Balance Sheet Strength…
Corporate Conversion Process is Complete Conversion to C-Corporation completed on May 31, 2019 Simplify Current Corporate Structure Remove structural hurdles to conversion and align interests of management and the unitholders…
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…
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…
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 /…
Current Debt Structure Financing structure set up in August 20181 Asset Backed Loan Facility Senior Notes (ABL) 450 million 200 million Due 2026 Due 2023 No maintenance covenants No maintenance covenants And ability to…
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…
Appendix 14
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 19
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