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2Q 2019 Earnings Presentation – Covia Corp.

Covia Corp. · Aug 8, 2019 · 15 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 2Q 2019 Earnings Presentation – Covia Corp. – slide 1
    2Q 2019 Earnings Presentation August 8, 2019
  2. 2Q 2019 Earnings Presentation – Covia Corp. – slide 2
    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 19 million tons of nameplate capacity 1 or…
  3. 2Q 2019 Earnings Presentation – Covia Corp. – slide 3
    Diverse Industrial Business COATINGS & POLYMERS FOUNDRY & METALS Paints Architectural coatings Transport - auto, rail & aerospace Agricultural films CERAMICS Equipment construction Antiblock additives agriculture & mining Tiles…
  4. 2Q 2019 Earnings Presentation – Covia Corp. – slide 4
    Low-Cost Energy 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,…
  5. 2Q 2019 Earnings Presentation – Covia Corp. – slide 5
    Covias Edge Attractive Cash Flow Robust Industrial Segment COVIAS VALUE Low-Cost Proppant Provider 6
  6. 2Q 2019 Earnings Presentation – Covia Corp. – slide 6
    Significant Progress Toward Balance Sheet Improvement OPTIMIZE MAXIMIZE STRENGTHEN ASSETS CASH FLOW BALANCE SHEET Consolidation of production into lowest cost facilities Industrial generated 224M gross profit LTM ended 2Q 19 More…
  7. 2Q 2019 Earnings Presentation – Covia Corp. – slide 7
    Financial Transition Slide FINANCIALS and OUTLOOK
  8. 2Q 2019 Earnings Presentation – Covia Corp. – slide 8
    Quarter Highlights 2Q 19 Highlights Generated strong sequential profitability growth Adjusted EBITDA of 65.3 million, up 30.9 million sequentially 2Q 19 cash flow from operations of 107 million 2Q 19 SG&A reduced 25% from 2Q 18 on…
  9. 2Q 2019 Earnings Presentation – Covia Corp. – slide 9
    Progress in Increasing Profitability Millions Millions Sequential Adjusted EBITDA SG&A vs. Prior Year 70 60 60 65.3M 50 51.5M 50 40 40 38.6M 30 30 34.5M 20 20 10 10 0 0 Q1 '19 Q2 '19 Q2 '18 pro forma Q2 '19 10
  10. 2Q 2019 Earnings Presentation – Covia Corp. – slide 10
    2Q 2019 Results In millions Industrial Energy Total Company Volumes (tons) 3.6 4.6 8.2 Revenue 193.4 251.5 444.9 Contribution 65.1 40.9 106.0 Margin SG&A -- -- 38.64 Adjusted EBITDA -- -- 65.3 1 - Includes 0.2mm in purchase…
  11. 2Q 2019 Earnings Presentation – Covia Corp. – slide 11
    Outlook Industrial 3Q 2019 Volumes Similar to 2Q 2019 Energy 3Q 2019 Volumes Similar to 2Q 2019 Total Company FY19 SG&A 145 million to 155 million Includes 10mm in non-cash stock comp Capex 80 million to 100…
  12. 2Q 2019 Earnings Presentation – Covia Corp. – slide 12
    Appendix
  13. 2Q 2019 Earnings Presentation – Covia Corp. – slide 13
    Appendix: Non-GAAP Reconciliation Contribution Margin Pro Forma Segment Contribution Margin & Reconciliation to Most Directly Comparable GAAP Measures (unaudited) The following table reconciles segment contribution margin, a non-GAAP…
  14. 2Q 2019 Earnings Presentation – Covia Corp. – slide 14
    Appendix: Non-GAAP Reconciliation EBITDA & Adjusted EBITDA Covia Pro Forma Net Income (Loss) Information & Reconciliation to Non-GAAP Measures (unaudited) The following table reconciles EBITDA and Adjusted EBITDA, non-GAAP financial…
  15. 2Q 2019 Earnings Presentation – Covia Corp. – slide 15
    Appendix: Non-GAAP Reconciliation EBITDA & Adjusted EBITDA continued (1) The unaudited pro forma condensed financial information presents the Companys combined results as if the Merger had occurred on January 1, 2017. The pro forma…

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