Hi-Crush, Inc. NYSE: HCR Investor Presentation August 2019
The Hi-Crush Value Proposition Investor value creation Leading customer service delivering reliability, safety and efficiency Financial discipline focused on flexibility and efficient capital allocation Fully-integrated…
Our Financial Priorities What Were Focused On Maximizing Investment Returns Generating free cash flow and Executing strategy through operational excellence strategic value and leveraging existing asset base and capabilities Free…
Operational Structure Our structure gives us the ability to directly address specific customer needs with fit-for-purpose solutions Proppant Management, Logistics Dispatch and Inventory Monitoring Software PRONGHORN Energy…
Business Update 7
Latest Business Updates Liquidity and Cash Flow Last Mile 112.0mm in cash and available liquidity Loads up 36% in 2Q19 vs. 1Q19; 21 exiting 2Q19; generated 5.8mm of free systems deployed at the end of 2Q19; cash flow in 2Q19…
Sustainable Capital Position Balance sheet flexibility enables Hi-Crush to address changing market dynamics and opportunities Strong Supportive Flexible Cash & liquidity Capital position Balance sheet 112.0mm1 No 443.2mm /…
Current Debt Structure Senior Notes ABL Facility 450mm 200mm 397.2mm net of cash1 59.2mm of availability2 No maturities until August 2026 No borrowings No near-term maturities Highly flexible balance Supports efficient or…
Capital Return via Stock Repurchases Stock repurchase program approved for up to 25 million 3.2mm Effective through June 30, 2020 completed to date1 Supported by Balance Sheet Strength Ongoing Confidence in Strategy 112.0mm…
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…
E&P Customer Benefits of Aligning with Hi-Crush Aligning with Hi-Crush supports enhanced operations and efficiency Dedicated frac sand Reliable supply from Diversified across regions provider with sand, multiple frac sand from…
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 66% of quarterly sales volumes in 2Q19 relationships with suppliers who…
PropDispatch: Real-Time Logistics Management Advancing our last mile platform with best in class technology PropDispatch Software Manages and displays on-pad inventory, in containers or silos, to accurately provide volume delivered…
Driving Efficiency Through Technology & Equipment Meaningful opportunities exist to capture efficiencies that lead to lowest cost at the blender Dispatch to Load Time at Travel Time to Unload Time at Load Time Origin Destination…
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…
Focused on a Rich Set of Corporate Values Environment Governance and Ethics Water quality and usage Governance Air quality Ethics Energy usage and GHG emissions Regulatory & legal environment management Waste disposal and…
Appendix 20
Key Financial Metrics in 000s, except per ton Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Revenues 248,520 213,972 162,235 159,910 178,001 Adjusted EBITDA1 81,636 52,048 14,889 17,224 24,055 Average selling price (/ton) 70 64 58 48 47…
Q2 2019: Summary Statements of Operations Unaudited Quarterly Consolidated Statements of Operations (Amounts in thousands, except per unit amounts) Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Revenues 248,520 213,972 162,235 159,910…
Q2 2019: EBITDA, Adjusted EBITDA and Free Cash Flow Unaudited EBITDA and Adjusted EBITDA (Amounts in thousands) Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Reconciliation of Adjusted EBITDA to net income (loss): Net income (loss) 66,956…
Solid Balance Sheet Strong liquidity and financial flexibility No debt payments before 2026 and no maintenance covenants in 000s March 31, 2019 June 30, 2019 Cash 60,404 52,853 ABL Facility - - Senior unsecured notes1 440,935…
Investor Contacts Caldwell Bailey Lead Analyst, Investor Relations Marc Silverberg Managing Director (ICR, Inc.) Phone: (713) 980-6270 E-mail: irhicrush.com 25
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