Atlas Energy Solutions Inc. · NYSE:AESI
Atlas Energy Solutions — Merger or Acquisition (January 2025)
18 slides from Atlas Energy Solutions's merger presentation, Jan 27, 2025
Slide 1: Acquisition of Moser Energy Systems
Acquisition of Moser Energy Systems January 27, 2025 NYSE: AESI Atlas Energy Solutions (NYSE: AESI) | January 2025
Slide 2: Disclaimer
Disclaimer 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 (the “Securities Act”), and Section 21E of th
Slide 3: Disclaimer (cont'd)
Disclaimer (cont’d) Industry and Market Data This Presentation has been prepared by the Company and includes market data and certain other statistical information from third-party sources, including independent industry publications, government publications, and other published independent sources.
Slide 4: Leading Provider of Diversified Energy Solutions
Acquisition of Moser Energy Systems (“Moser”) Positions Atlas as a Leading Provider of Diversified Energy Solutions Acquisition of Moser Creates an Integrated Provider of Innovative Solutions With Differentiated Exposure to Both the Oilfield Completions Value Chain and the Distributed Power Market L
Slide 5: Pro Forma Atlas to Deliver Value Across the Lifecycle of the Well
Pro Forma Atlas to Deliver Value Across the Lifecycle of the Well Completions Distributed Power Solutions For: Distributed Power Solutions Production Expanded Market Opportunities Artificial Lift Midstream Infrastructure Top-Tier Proppant Resources (The Dune Express) Electric submersible pumps (“ESP
Slide 6: Atlas and Moser are a Compelling Strategic Fit
Atlas and Moser are a Compelling Strategic Fit Acquisition expands on Atlas’s initial thesis to build an organization with strong competitive differentiation that enables the company to deliver superior through-cycle returns to shareholders Creates a Diversified Energy Solutions Provider of Scale Wi
Slide 7: Transaction Summary
Transaction Summary Acquisition Atlas to acquire all of the outstanding capital stock Moser Energy Systems Overview — Adds 900+ generators rental fleet — Unit offerings range from 70kW to 350kW, with parallelling capability to provide multi-MW solutions for customers — Dynamic fleet size and paralle
Slide 8: Moser: A Leading Provider of Distributed Power Solutions
Moser: A Leading Provider of Distributed Power Solutions Company Overview Geographic Footprint Moser Energy Systems designs, builds, and services Williston, ND reliable, high-quality power solutions for its customers Dickinson, ND — Generators are designed for heavy-duty, harsh Casper, WY environmen
Slide 9: Manufacturing and Remanufacturing Capabilities Lower Through-Cycle Costs
Manufacturing and Remanufacturing Capabilities Lower Through-Cycle Maintenance and Replacement Costs Remanufacture of Engines Significantly Extends their Useful Lives, and is Materially Advantaged vs. Third-Party Costs Moser Manufacturing and Remanufacturing Overview In addition to its corporate off
Slide 10: Power Generation Assets Extend and Diversify Earnings Potential
Power Generation Assets Extend and Diversify Earnings Potential Into Long Duration Production Applications ESP(1) – Total Addressable Market in the U.S.(2) Moser’s dynamic power portfolio ($ in billions) supports all phases of production operations, $ 3.0 $2.6 $2.2 from initial production through th
Slide 11: Domestic Power Demand Expected to Experience Outsized Growth
Domestic Power Demand Expected to Experience Outsized Growth Over the Next Decade Distributed power solutions serve fast growing end-markets, as demand continues to outpace supply from large utilities Experts are predicting that electrical demand will rapidly increase, putting additional pressure on
Slide 12: U.S. Power Rental Market Is Poised for Growth
U.S. Power Rental Market Is Poised for Growth, Enabling Atlas to Diversify Existing Customer Base and Enter Adjacent Markets(1) Commentary U.S. Power Rental Market Value ($ in billions) Significant market opportunities exist for Atlas to diversify customer base $5.2 $5.4 $4.7 $4.9 outside of oil and
Slide 13: Comparable Company EBIT and ROCE Performance
Comparable Company EBIT(1) and ROCE(1) Performance(2) 2024 LTM Adjusted EBIT Margin %(3) 50% 40% (6) 30% (5) (8) (7) 20% (7) 10% 0% 2024 LTM ROCE %(3)(4) (10%) (5%) 0% 5% 10% 15% 20% 25% 60% (1) This is a non-GAAP metric. Please see the Appendix at the back of this presentation for definitions of no
Slide 14: Pro Forma Company Provides an Appealing Alternative to Play Electrification Trend
Pro Forma Company Provides an Appealing Alternative to Play Electrification Trend(1) EV / 2025E Adj. EBITDA(1,2) 25.0x 4.0% 21.0x 20.0x 15.0x 14.1x 2.4% 2.2% 11.2x 9.5x 10.0x 7.4x 5.0x 0.0x (4) (5) (6) (7) (8) Digital Infrastructure Services Distributed EaaS Distributed Energy Services Compression R
Slide 15: Consistent, Durable Returns of Capital to Shareholders
Atlas Remains Committed to Delivering Consistent, Durable Returns of Capital to Shareholders While Maintaining a Conservative Balance Sheet Since inception, Atlas has declared $222 million in distributions and dividends Historical Investor Distributions & Dividends ($ in millions) $222 Post-IPO Divi
Slide 16: Transaction Enhances Atlas Energy Solutions Investment Profile
Transaction Enhances Atlas Energy Solutions Investment Profile Diverse Service Offerings With Exposure to Attractive High- Growth End Markets in Both Production and Distributed Power Leading Portfolio of Proppant, Logistics (Including the Dune Express) and Distributed Power Solutions Innovative and
Slide 17: Non-GAAP Financial Measure Definitions
Non-GAAP Financial Measure Definitions Non-GAAP Financial Measures Adjusted EBITDA, Adjusted Free Cash Flow, EBITDA, EBIT, ROCE and Maintenance Capital Expenditures are non-GAAP supplemental financial measures used by our management and by external users of our financial statements such as investors
Slide 18: 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 Atlas Energy Solutions (NYSE: AESI) | January 2025
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