Atlas Energy Solutions Inc. · NYSE:AESI
Atlas Energy Solutions — Merger or Acquisition (February 2024)
14 slides from Atlas Energy Solutions's merger presentation, Feb 27, 2024
Slide 1: Acquisition of Hi-Crush Inc.
NYSE: AESI Acquisition of Hi-Crush Inc. February 27, 2024
Slide 2: Forward-Looking Statements
Atlas Energy Solutions (NYSE: AESI) | February 2024 Forward-Looking Statements This Presentation contains “forward-looking statements” of Atlas Energy Solutions Inc. (“Atlas,” the “Company,” “AESI,” “we,” “us” or “our”) within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Slide 3: Trademarks and Trade Names; Industry Data; Non-GAAP Measures
Atlas Energy Solutions (NYSE: AESI) | February 2024 Trademarks and Trade Names The Company owns or has rights to various trademarks, service marks and trade names that it uses in connection with the operation of its business. This Presentation also contains trademarks, service marks and trade names
Slide 4: Atlas's Acquisition of Hi-Crush Creates a Leading Proppant Logistics Provider
Atlas Energy Solutions (NYSE: AESI) | February 2024 (1) Transaction excludes midwestern mining assets and northeastern terminal assets. 4 Atlas’s Acquisition of Hi-Crush Creates a Leading Proppant Logistics Provider and the Largest Proppant Producer in North America Accelerating Free Cash Flow and S
Slide 5: Atlas and Hi-Crush are a Compelling Strategic Fit
Atlas Energy Solutions (NYSE: AESI) | February 2024 5 Acquisition advances Atlas’s goal of logistically advantaging our proppant to every Permian wellhead (1) Atlas and Hi-Crush are a Compelling Strategic Fit Creates a premier portfolio of Permian proppant production assets with unmatched scale Sign
Slide 6: Pro Forma Combined Asset Snapshot
Atlas Energy Solutions (NYSE: AESI) | February 2024 Note: Includes location of OnCore #8 which is contracted but not yet operational. 6 Adds complementary Midland Basin customer base creating Permian’s most extensive proppant supply chain infrastructure Acquisition Furthers Atlas's Goal of Logistica
Slide 7: Transaction Summary
Atlas Energy Solutions (NYSE: AESI) | February 2024 Transaction Summary Acquisition Overview Atlas to acquire all of Hi-Crush's Permian proppant production and NAM logistics assets: (1) Two in-basin Permian plants in Kermit, TX add ~5 mmtpy of production capacity Kermit mines are capable of producin
Slide 8: Combines the Proppant Industry's Primary Innovators
Atlas Energy Solutions (NYSE: AESI) | February 2024 (1) Based on annualized pro forma production capacity assuming full contribution from OnCore 8. (2) Based on realized effective (a) economic contribution & (b) production capacity in 2024. 8 Combines the Proppant Industry’s Primary Innovators Stron
Slide 9: Transforms Atlas into the Largest Proppant Producer in North America
Atlas Energy Solutions (NYSE: AESI) | February 2024 9 Transforms Atlas into the Largest Proppant Producer in North America The combination creates over 28 mmtpy of pro forma Permian capacity yielding the largest proppant provider across North America Strategically adjacent location of Kermit mines t
Slide 10: Dune Express and OnCore Disrupt the Legacy Permian Trucking Model
Atlas Energy Solutions (NYSE: AESI) | February 2024 Although different in approach, the Dune Express and OnCore each positively disrupt the legacy Permian trucking model by reducing road traffic and emissions through: — Shortened hauls from the Dune Express in the Delaware — Shortened hauls due to O
Slide 11: The Dune Express and Distributed Mining Assets Drive Efficiency Gains
Atlas Energy Solutions (NYSE: AESI) | February 2024 200 - 349 (1) < 100 100 - 124 125 - 149 150 - 174 175 - 199 OnCore Mobile Mine Atlas Sand Mine 350 - 500 > 500 Dune Express Route Max Proppant (tons) Hi-Crush Mine Crockett 11 The Dune Express and Distributed Mining Assets Drive Efficiency Gains So
Slide 12: Dune Express Proppant Logistics Infrastructure
Atlas Energy Solutions (NYSE: AESI) | February 2024 Dune Express Proppant Logistics Infrastructure 12 Historically ~60-70% of logistics costs are labor, impacting opex and reliability. The Dune Express (midstream asset), high-capacity trucking with drop depots and OnCore all drive labor intensity an
Slide 13: Transaction Enhances Atlas Energy Solutions Investment Profile
Atlas Energy Solutions (NYSE: AESI) | February 2024 13 Transaction Enhances Atlas Energy Solutions Investment Profile Enhances sustainable environmental and social progress (“SESP”) leadership Highly contracted cash flow, conservative financial profile Combines the proppant industry’s primary innova
Slide 14: Investor Relations Contact
Investor Relations Contact For more information, please visit our website at https://atlas.energy/ IR Contact: Kyle Turlington 5918 W Courtyard Drive, Suite #500; Austin, Texas 78730 (T) 512-220-1200 IR@atlas.energy NYSE: AESI
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