Slide 1: 2013 Second Quarter Conference Call
2013 Second Quarter Conference Call August 7,2013 www.advancedemissionssolutions.com © 2013 Advanced Emissions Solutions, Inc . Exhibit 99.2
Slide 2: Safe Harbor
© 2013 Advanced Emissions Solutions, Inc. -2- 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 circumstances. The forward-looking statements includ
Slide 3: D. Michael Durham, President and CEO
© 2013 Advanced Emissions Solutions, Inc. -3- D . M ICHAEL D URHAM , P RESIDENT AND CEO R
Slide 4: Emission Control
© 2013 Advanced Emissions Solutions, Inc. -4- EMISSION CONTROL ($ IN MILLIONS) MATS market developing as expected $1-$2B market for consumables to control mercury starting in 2016 ADA is prepared for the equipment market Supply agreements already in place, engineering capabilities expanded Ample (an
Slide 5: Financial Impact of RC Operations
© 2013 Advanced Emissions Solutions, Inc. -5- FINANCIAL IMPACT OF RC OPERATIONS Facilities Status 1Q13A 2Q13A Annual run rate through 2021 RC Facilities # 1-7 5 facilities leased/sold at 1Q13, 2 retained by CCS $10.1 $11.5 $50.0 RC Facility #8 Operated by CCS until late July, then leased to RC inves
Slide 6: Update on 28 Refined Coal Facilities
~22MT/yr ~15MT/yr ~45MT/yr © 2013 Advanced Emissions Solutions, Inc. -6- ~18MT/yr ~6MT/yr UPDATE ON 28 REFINED COAL FACILITIES ~2MT/yr 7 facilities generating $75M + in annual revenues Operating 2 facilities retained by CCS CyClean ~15MT/yr ~45MT/yr 1 facility likely to close in 2014 9 facilities in
Slide 7: 2013 Q2 Review and Financial Results
© 2013 Advanced Emissions Solutions, Inc. -7- 2013 Q2 R EVIEW AND F INANCIAL R ESULTS M ARK M C K INNIES , SVP AND CFO c
Slide 8: Refined Coal segment results
© 2013 Advanced Emissions Solutions, Inc. -8- Clean Coal operated 9 facilities in 2Q13, 5 of which were leased or sold to RC investors In 2Q13 the four RC facilities operated by Clean Coal incurred operating expenses of $4.4M but generated $7.7M in tax credits The operation of these units included $
Slide 9: Emission Control
Advanced Emissions Solutions, Inc. EMISSION CONTROL NASDAQ: ADES
Slide 10: MATS rule finalized in March 2012 - compliance by 2015/2016
? ? ? ? © 2013 Advanced Emissions Solutions, Inc. -9- MATS rule finalized in March 2012- compliance by 2015/2016 2Q13 Revenues up 200% year-over-year, driven by MATS demand for ACI and DSI systems Backlog at 6/30/13 stands at $33.2M Currently working on bids or discussing potential projects for ACI
Slide 11: Advanced Emissions Solutions, Inc.
Advanced Emissions Solutions, Inc. NASDAQ: ADES
Slide 12: CO2 Capture
© 2013 Advanced Emissions Solutions, Inc. -10- In Phase II of DOE and Industry funded $20.5M 51-month contract to scale technology to 1MW Project started in June 2012 Estimated completion of construction in October 2013 Testing in 2014 CO C APTURE For the Three Months Ended March 31, 2013 2012 2013
Slide 13: Consolidated Revenues and Results
© 2013 Advanced Emissions Solutions, Inc. -11- $(000) 2013 2012 Revenues $58,930 $52,511 $68,314 *Revenues excluding coal sales $27,161 $14,772 $23,354 Gross Margin Before Depreciation and Amortization $10,594 $7,434 $9,388 General and administrative 8,109 4,040 7,313 Research and development Deprec
Slide 14: Balance Sheet and Liquidity
$s in Millions -12- © 2013 Advanced Emissions Solutions, Inc. * Included in working capital at 6/30/13 are current liabilities of $7.2 million in deposits and $23.4 million in deferred reven ue. Included in working capital at 6/30/12 are current liabilities of $21.2 million in deposits and $4.5 mill
Slide 15: Appendix
-13- © 2013 Advanced Emissions Solutions, Inc. APPENDIX
Slide 16: ADA-ES, Inc. Operating Companies
© 2013 Advanced Emissions Solutions, Inc. -14- ADA-ES, Inc. 100% owned ADES BCSI, LLC 100% owned ADES Clean Coal Solutions, LLC 42.5% owned ADA-ES, Inc. Operating Companies
Slide 17: Non-GAAP Reconciliation
-15- © 2013 Advanced Emissions Solutions, Inc. For the For the For the Three Months Ended Three Months Ended Three Months Ended $(000) June 30, 2013 June 30, 2012 March 31, 2013 Coal sales 31,769 $ 37,739 $ 44,960 $ Cost of coal sales 31,769 $ 37,739 $ 44,960 $ Operating costs of retained tonnage 4,
Slide 18: Contacts
-16- © 2013 Advanced Emissions Solutions, Inc. C ONTACTS Graham Mattison Vice President, Investor Relations (646)-319-1417 graham.mattison@adaes.com Michael D. Durham, Ph.D., MBA President & CEO Mark H. McKinnies SVP & CFO