A Portfolio of Opportunity Wisconsin 4.2 million tons of annual 20/70 capacity* Over 30 years of reserves Marcellus & Utica Exclusive rail access Largest distribution network Niche position in strongest drilling area…
Hi-Crushs Competitive Advantages Long-term Contracted Cash Flow Low-cost Producer Long-lived, High Quality Reserves Prime Portfolio of Assets Focused Vision Visible Avenues to Growth Focused On: Meeting Our Returns and…
Delivering Outstanding Results 3.2 million tons of frac sand contracted in 2014 Predictable Income Double digit annual distribution growth Expansion of distribution network Visible Organic Growth Construction of Whitehall facility…
Our Business Model Q1 2014 Operating Results Tons produced and delivered 400,401 Tons sold 632,763 Production cost/ton 15.53 Average price/ton 76 Hi-Crush plant Sold FOB plant direct to customer Sold FOB Sand delivered…
Building on Our Track Record of Success HCLP Historical and Pro Forma Results 2013A 2013 Recast Q1 2014A Q1 2014 Recast (millions, except per unit and tons) Sales Volumes (in tons) 1,849,075 2,520,119 632,763 897,474 EBITDA (1)…
Revised HCLP Financial Outlook HCLP Financial Outlook (1) Previous 2014 Updated 2014 2015 (millions, except per unit and tons) Sales Volumes (in tons) 2.3 - 2.7 mm 3.6 - 4.3 mm 5.0 - 6.4 mm EBITDA 80 - 90 115 - 135 140 - 185 G&A…
Committed to Growing Distribution Pattern of raising distribution with quarterly increases Targeting at least double digit annual distribution growth for 2014 Guidance 2.30 - 2.50 2.10 2.04 1.96 1.90 Q4 2013 Q1 2014…
Positioned to Meet Demand Growth 3.2million contracted take-or-pay tons in 2014 Signed 5-year contract extension and increased volumes with Weatherford Signed contract extension and increased volumes with FTS International Signed…
Industry Backdrop
A Look at Demand Proppant Consumed by Volume 90 80 78.5 80 68 70 58 60 Millions of Tons 51.2 48 50 40 40 29.6 30 62.6 20 41.0 1.8 7.0 23.5 10 1.3 5.6 0 2002 2007 2012 2017 2022 Raw frac sand Resin-coated…
Proven Production Execution 6.8 MM tons/yr 4.2 MM tons/yr 3.2 MM tons/yr Wyeville + Wyeville Augusta + + 1.6 MM Augusta Augusta tons/yr Wyeville + Expansion* + Augusta + Wyeville Augusta Expansion* Whitehall**…
Frac Sand Capacity Frac Sand Market Structure (1) Top 10 Producers Hold 92% of Tier-One Capacity (1) (2) 8% 3% 23% 5% 16% 5% 11% 5% 8% 30% 70% 7% 6% 7% 15% 3.2 22% Million Tons 8% 9% 12% Non tier-one capacity…
Logistics Flexibility Critical Access to all major U.S. oil and gas Augusta Facility basins Sponsors Whitehall Facility Destination terminals across Marcellus and Utica shales, adding Sandstone Formations location in Permian…
Low Cost Structure Essential Hi-Crush Production Costs per Ton Produced and Delivered from Wyeville 500,000 20.00 450,000 400,000 15.00 350,000 300,000 250,000 10.00 200,000 150,000 5.00 100,000 50,000 0.00 0 3Q…
Levers for Further Performance 17
Appendix
First Quarter 2014 Summary Three Months Three Months Ended Ended March 31, 2014 March 31, 2013 Revenues 55,828 19,628 Cost of goods sold (including depreciation, depletion, and amort.) 38,322 5,782 Gross profit 17,506 13,846…
First Quarter 2014 Summary Three Months Three Months Ended Ended March 31, 2014 March 31, 2013 Reconciliation of Distributable Cash Flow to Net Income: Net income 14,263 10,783 Depreciation and depletion 996 273 Amortization…
Production Costs per Ton at Wyeville Hi-Crush Partners LP (Wyeville) Production Cost per Ton Fiscal Quarter 4Q 2011 1Q 2012 2Q 2012 3Q 2012 4Q 2012 1Q 2013 2Q 2013 3Q 2013 4Q 2013 1Q 2014 Predecessor Successor Combined Tons…
Wyeville Production Costs Non-GAAP Recon. Hi-Crush Partners LP (Wyeville) GAAP Reconciliation of Production Costs to Cost of Goods Sold Fiscal Quarter 4Q 2011 1Q 2012 2Q 2012 3Q 2012 4Q 2012 1Q 2013 2Q 2013 3Q 2013 4Q 2013 1Q 2014…
Preliminary Recast EBITDA and DCF Non-GAAP Recon. Three Months Three Months Three Months Ended Ended Recast Ended March 31, 2014 March 31, 2014 Adjustments March 31, 2014 HCLP Hi-Crush Augusta HCLP Recasted Reconciliation of…
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