Slide 1: Q3'16 Earnings Call
EVENT TITLE Q3’16 Earnings Call © 2016 Advanced Emissions Solutions, Inc. All rights reserved. Confidential and Proprietary.November 9, 2016
Slide 2: Safe Harbor
© 2016 Advanced Emissions Solutions, Inc. All rights reserved. Confidential and Proprietary. Safe Harbor This presentation includes forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, which provides a "safe harbor" for such statements in certain circu
Slide 3: Third Quarter & Recent Highlights
© 2016 Advanced Emissions Solutions, Inc. All rights reserved. Confidential and Proprietary. -3- Third Quarter & Recent Highlights ▪ Remain committed to previously announced strategic goals ▪ Distributions from the Refined Coal (“RC”) business in-line with expectations, increased substantially ▪ Com
Slide 4: Financial data highlights and Third Quarter Financial Review
© 2016 Advanced Emissions Solutions, Inc. All rights reserved. Confidential and Proprietary. Financial data highlights: (in thousands) Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Revenues $ 15,710 $ 12,885 $ 46,997 $ 49,537 Cost of revenues, exclusive of depr
Slide 5: Select Components of Net Income (Loss)
© 2016 Advanced Emissions Solutions, Inc. All rights reserved. Confidential and Proprietary. -5- Select Components of Net Income (Loss) Select Components of Net Income (Loss) (In millions) Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Consolidated Net Income (L
Slide 6: Refined Coal
Refined Coal
Slide 7: RC Facilities Today and Tomorrow
© 2016 Advanced Emissions Solutions, Inc. All rights reserved. Confidential and Proprietary. -7- RC Facilities Today and Tomorrow POTENTIAL 28 RC facilities (~100 MT/year) 8 RC facilities - installed (30.9 MT/year) 2016 2021RC Facility information as of September 30, 2016 13 RC facilities leased/sol
Slide 8: Refined Coal: Components of Earnings
© 2016 Advanced Emissions Solutions, Inc. All rights reserved. Confidential and Proprietary. -8- Refined Coal: Components of Earnings Components of RC Segment Earnings (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 RC Segment Revenue Tinuum Group
Slide 9: Operating Tons: Invested vs. Retained
© 2016 Advanced Emissions Solutions, Inc. All rights reserved. Confidential and Proprietary. -9- Operating Tons: Invested vs. Retained Note: Numbers within bar graph and the "Count" row within the tables represent the number of facilities per category as of the end of each quarter presented. (1) Ton
Slide 10: Operating Tons: Royalty vs. Non-Royalty
© 2016 Advanced Emissions Solutions, Inc. All rights reserved. Confidential and Proprietary. -10- Operating Tons: Royalty vs. Non-Royalty Note: Numbers within bar graph and the "Count" row within the tables represent the number of facilities per category as of the end of each quarter presented. (1)
Slide 11: Future Rent Payments – Tinuum Group Invested Facilities
© 2016 Advanced Emissions Solutions, Inc. All rights reserved. Confidential and Proprietary. -11- Future Rent Payments – Tinuum Group Invested Facilities ▪ As of September 30, 2016, remaining payments to all Tinuum Group members from Tinuum Group’s current RC facilities leased or sold to tax equity
Slide 12: Non-Operating Tons: Potential Future Tonnage
© 2016 Advanced Emissions Solutions, Inc. All rights reserved. Confidential and Proprietary. -12- Non-Operating Tons(5): Potential Future Tonnage Note: Numbers within bar graph and the "Count" row within the tables represent the number of facilities per category as of the end of each quarter present
Slide 13: Emissions Control
Emissions Control
Slide 14: Emissions Control: Components of Earnings
© 2016 Advanced Emissions Solutions, Inc. All rights reserved. Confidential and Proprietary. -14- Emissions Control: Components of Earnings Components of EC Segment Earnings (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 EC Segment Revenues Equipm
Slide 15: Corporate and Other: Summary
© 2016 Advanced Emissions Solutions, Inc. All rights reserved. Confidential and Proprietary. -15- Corporate and Other: Summary Adjustments to reconcile to net loss attributable to ADES (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 RC segment oper
Slide 16: Tinuum Group and ADES: Cash Flow Update
© 2016 Advanced Emissions Solutions, Inc. All rights reserved. Confidential and Proprietary. -16- Tinuum Group and ADES: Cash Flow Update Cash Flow Update (In thousands) Nine Months Ended September 30, 2016 2015 Tinuum Group Cash and cash equivalents, beginning of year $ 6,182 $ 3,870 Cash provided
Slide 17: 2016 Strategic Priorities
© 2016 Advanced Emissions Solutions, Inc. All rights reserved. Confidential and Proprietary. -17- 2016 Strategic Priorities ▪ We have made noticeable progress against many of the strategic priorities that we outlined on the 2015 10-K conference call ▪ Looking ahead, we continue to focus on obtaining
Slide 18: Appendix
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Slide 19: Appendix A: Supplemental Disclosure
© 2016 Advanced Emissions Solutions, Inc. All rights reserved. Confidential and Proprietary. -19- Appendix A: Supplemental Disclosure ADES Select Cash and Non-cash Components of the three and nine months ended 2016 and 2015 Net Income (Loss) (in thousands) Three Months Ended September 30, Nine Month
Slide 20: Appendix B: 10-Q Balance Sheet
© 2016 Advanced Emissions Solutions, Inc. All rights reserved. Confidential and Proprietary. -20- Appendix B: 10-Q Balance Sheet(1) (1) See complete, unaudited Condensed, Consolidated Financial Statements and Notes related thereto within the Quarterly Report on Form 10-Q for the period ended Septemb
Slide 21: Appendix C: 10-Q Income Statement
© 2016 Advanced Emissions Solutions, Inc. All rights reserved. Confidential and Proprietary. -21- Appendix C: 10-Q Income Statement(1) (1) See complete, unaudited Condensed, Consolidated Financial Statements and Notes related thereto within the Quarterly Report on Form 10-Q for the period ended Sept
Slide 22: Appendix D: 10-Q Cash Flow
© 2016 Advanced Emissions Solutions, Inc. All rights reserved. Confidential and Proprietary. -22- Appendix D: 10-Q Cash Flow(1) (1) See complete, unaudited Condensed, Consolidated Financial Statements and Notes related thereto within the Quarterly Report on Form 10-Q for the period ended September 3
Slide 23: Appendix D: 10-Q Cash Flow (continued)
© 2016 Advanced Emissions Solutions, Inc. All rights reserved. Confidential and Proprietary. -23- Appendix D: 10-Q Cash Flow (continued)(1) (1) See complete, unaudited Condensed, Consolidated Financial Statements and Notes related thereto within the Quarterly Report on Form 10-Q for the period ended