Company Highlights Leading Provider of Northern White Sand in North America Ten Million Tons of High Quality Northern White Sand Mining and Processing Capacity with access to Class 1 rail lines Oakdale, WI: 5.5 million tons of annual…
Company Highlights- Asset Base and Capital Structure to Deliver Long Term Value High Quality Fine Mesh Reserve Base Fine mesh frac sand represents over 80% of the current demand for frac sand The majority of our reserves are fine mesh…
Company Overview 6
Smart Sand is a Fully Integrated Provider of Mine to Wellsite Solutions Smart Sands Business Offerings Premium Northern White Reserve Gigantic Rail Capacity Terminal & Forward Staging Management Last Mile Logistics Wellsite Storage…
Northern White Sands Superior Profitability Independent Study by Rystad Energy confirms that premium Northern White Sand delivers higher profitability than inferior in-basin sand in the Permian Basin After examining nearly 900 wells,…
Market Overview 10
Long Term Fundamentals Strong for Natural Gas Demand
Industry Trends Continue to Support Increasing Levels of Frac Sand Demand Source: Spears & Associates Q2 2025 Proppant Report 12
While active Frac Spreads are projected to be relatively stable, frac sand per spread continues to increase Active Frac Spreads by Quarter Frac Sand per Frac Spread per Quarter Source: Spears & Associates Q2 2025 Proppant Report
Mining and Production 14
Mining and Production Highlights Efficient operations at three facilities with total plant annual capacity of 10 million tons Direct access to four Class 1 rail lines with quality connections to the NS and CSX allows Smart Sand to…
Cost-Effective, Differentiated Process On-site Mining / Excavation Hydro Mining direct feed to Wet Plant Wet Plant Cleans and Sorts Product Dry Plant Dries and Sorts Product Unit Trains Deliver Dry Sand to Basins Low-Cost…
Oakdale Facility: High Quality Northern White Raw Frac Sand in an Efficient Configuration 17
Oakdale Facility: High Quality Logistics Capabilities and Rail Access provides access to all North American Sand Markets
Ottawa Facility: Efficient Operations with Enclosed Wet Plant to Allow Year-Round Mining Operations
Blair Facility: Efficient Operation that provides Opportunity to Expand into the Canadian Market while increasing our access to the Northeast United States Markets.
Logistics and Wellsite Solutions 21
Expansive Logistics Capabilities Key Logistical Advantages Highly Competitive Delivery Capabilities Dual Served Class 1 Rail Access at Oakdale onsite service on Canadian Pacific rail line coupled with nearby terminal on Union Pacific…
Van Hook Terminal Location: Van Hook, ND Commenced operations in April 2018 This location services the Bakken formation of the Williston basin Customers recognize the value of Van Hooks strategic location and efficient logistics…
Waynesburg Terminal Location: Waynesburg, PA Commenced operations in January 2022 The unit train capable terminal has more than four miles of track, is located on Norfolk Southerns Class 1 rail line and services the southwestern…
Ohio Terminals Locations: Minerva, OH & Dennison, OH We acquired the rights to operate these two terminals in December 2023 to supply sand to the support the growing demand in the Utica shale. These locations provide sand and…
SmartSystemTM SmartPath Features Focus on Safety Providing and Logistics A Proven Environmental and Last Mile & Tested Stewardship Advantages Product
SmartSystemTM Storage vs. the Competition Competitive Options SmartSystemsTM Storage Equipment Silos: SmartPath: Belts Required, No Direct To Handles up to Five Different Blender Offload Mesh Types Dust Can Be a Concern Dust…
Industrial Product Solutions 28
Industrial Product Solutions (IPS) IPS Volume Increased 80% Year-Over-Year: Driving significant growth in industrial markets Expanded Service Capabilities: Advanced sand cooling, custom blending, and finer grade products are driving…
Summary: Smart Sand Long Term Value Drivers Sustainable Operating Model Large, high quality reserve base Low-cost operations Unit Train capable connections to four Class 1 rail lines Efficient and sustainable logistics capabilities…
Appendix 31
The Value of Northern White Sand 32
The Value of Northern White Sand (continued) 33
Committed to Highest Committed Corporate to Highest Standards Corporate Standards Management maintains close dialogue with customers regarding the oil and gas industrys rigorous regulatory environment Legal & ISO registered…
Contribution Margin Reconciliation Quarter ended ( in thousands, except per ton amounts) 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 Revenue 73,800 63,158 91,363 65,558 85,770 Cost of goods sold 60,727 56,671 77,911 62,786…
EBITDA and Adjusted EBITDA Reconciliation Quarter ended ( in thousands) 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 Net income (loss) (430) (98) 3,736 (24,231) 21,396 Depreciation, depletion, accretion and amortization 7,214…
Free Cash Flow Reconciliation Quarter ended ( in thousands) 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 Net cash (used in) provided by operating activities 14,882 5,810 1,035 8,724 (5,137) Purchases of property, plant and…
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