COWEN 9TH ANNUAL ENERGY CONFERENCE New York, NY Dec. 10, 2019 A GLOBAL INDUSTRIAL MINERALS AND LOGISTICS LEADER
COMPANY OVERVIEW A Diversified Industrial Minerals and Logistics Company Diversifying 1 or 2 Industrial & Specialty Products Profits2 Very stable business expanded 2014 Market position in through M&A in 2018; high barriers to entry…
THE BUSINESS TODAY Our 3 Strategic Priorities Capex budget lowered to 30 to 40M in 2020 PRIORITIZE FREE Reduced costs, focus on working capital CASH FLOW Expect to deploy FCF to further strengthen the balance sheet Idled 7…
GUIDANCE Updated 4Q19 Business Outlook Industrials businesses will experience typical seasonal declines Sandbox volumes in line with Q4 well completions slowdown Sand Proppant volumes expected to decline 15% sequentially…
OUTLOOK SLCA Well Positioned to Win Driving bottom line growth with new Industrial products/markets Growing share with sand + Sandbox oilfield offering Streamlining energy footprint and taking out significant cost Aligning…
CAPITAL STRATEGY & OUTLOOK Balanced Capital Plan & Priorities Significantly Reduce Spend to Generate Free Lower Capex Match the Market Cash Flow Conserve Scaling the Flexibility Cash Business Balance between + Spending +…
QUESTIONS
Non-GAAP Financial Performance Measures Adjusted EBITDA Adjusted EBITDA is not a measure of our financial performance or liquidity under GAAP and should not be considered as an alternative to net income as a measure of operating…
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