Slide 1: 2013 Third Quarter Conference Call
2013 Third Quarter Conference Call November 7,2013 www.advancedemissionssolutions.com © 2013 Advanced Emissions Solutions, Inc . Exhibit 99.2
Slide 2: Forward-looking statements
© 2012-2013 Advanced Emissions Solutions, Inc. -2- 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 include state
Slide 3: -3- 2013 Advanced Emissions Solutions, Inc
-3- 2013 Advanced Emissions Solutions, Inc
Slide 4: Emission Control
© 2012-2013 Advanced Emissions Solutions, Inc. -4- EMISSION CONTROL MATS market developing as expected ADES is prepared for the equipment market Supply agreements already in place, engineering capabilities expanded $1-$2B market for consumables to control mercury starting in 2016 ADA has proprietary
Slide 5: Refined Coal Full-Time Operations Roadmap
100+ MT/yr ~25 MT/yr © 2012-2013 Advanced Emissions Solutions, Inc. -5- Full-Time Operations Roadmap 8 facilities leased/sold ~5 MT/yr 10/29/13 A 12/31/13 3/31/14 12/31/14 3 facilities CCS-operated Additional 2 facilities in full-time operation (using M-45- PC ™ technology) All 28 RC facilities are
Slide 6: Refined Coal: Financial Impact of GAAP Reporting
© 2012-2013 Advanced Emissions Solutions, Inc. -6- RC facility leased/sold to RC investor RC facility operated by CCS RC facility not in full- time operation R EFINED C OAL : F INANCIAL I MPACT OF GAAP R EPORTING CCS incurs no operating costs for the RC facility CCS receives ~$3-$4/ton in rental inc
Slide 7: CO2 Capture: Overview
© 2012-2013 Advanced Emissions Solutions, Inc. -7- Developing proprietary solid sorbent capture technology to capture CO from flue gas in conventional coal-fired boilers DOE and industry funding: Phase I - $3.8 M, R&D at 1 KWe scale, Completed in 2011 Phase II - $20.5 M, 51-month contract to validat
Slide 8: 2013 Q3 Review and Financial Results
© 2013 Advanced Emissions Solutions, Inc -8- 2013 Q3 R EVIEW AND F INANCIAL R ESULTS M ARK M K INNIES , SVP AND CFO C
Slide 9: Advanced Emissions Solutions, Inc.
Advanced Emissions Solutions, Inc. NASDAQ: ADES
Slide 10: Refined Coal
© 2013 Advanced Emissions Solutions, Inc -9- Clean Coal operated 10 RC facilities in 3Q13, 7 of which were leased or sold to RC investors In 3Q13 the three RC facilities operated by Clean Coal incurred operating expenses of $3.1M but generated $6.8M in tax credits The operation of these units includ
Slide 11: Advanced Emissions Solutions, Inc.
Advanced Emissions Solutions, Inc. NASDAQ: ADES
Slide 12: Emission Control
© 2013 Advanced Emissions Solutions, Inc -10- MATS rule finalized in March 2012- compliance by 2015/2016 3Q13 Revenues up 300% year-over-year, driven by MATS demand for ACI and DSI systems Backlog at 9/30/13 stands at $56.6M, up from $33.2M at 6/30/2013 Currently working on bids or discussing potent
Slide 13: Advanced Emissions Solutions, Inc.
Advanced Emissions Solutions, Inc. NASDAQ: ADES
Slide 14: CO2 Capture
© 2013 Advanced Emissions Solutions, Inc -11- 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 2014 Testing in Fall 2014 CO C APTURE 2013 2012 $(000) Total CC Revenues 4,257 $ $ 2,728 $ Cos
Slide 15: Advanced Emissions Solutions, Inc.
Advanced Emissions Solutions, Inc. NASDAQ: ADES
Slide 16: Financial Results
© 2013 Advanced Emissions Solutions, Inc -12- F INANCIAL R ESULTS $(000) 2013 2012 Revenues 74,593 $ 74,353 $ 58,930 $ *Revenues excluding coal sales 39,025 $ 15,332 $ 27,161 $ Gross Margin Before Depreciation and Amortization 19,133 $ 3,957 $ 10,594 $ General and administrative 8,955 5,173 8,109 Re
Slide 17: Balance Sheet Highlights
$s in Millions -13- © 2013 Advanced Emissions Solutions, Inc B ALANCE S HEET H IGHLIGHTS * Included in working capital at 9/30/13 is $50.2 million in defer red revenue. Included in working capital at 12/31/12 are $21.2 million in deposits and $4.5 million in deferred revenue ** Long-term liabilities
Slide 18: Appendix
-14- © 2013 Advanced Emissions Solutions, Inc APPENDIX
Slide 19: Advanced Emissions Solutions, Inc.
Advanced Emissions Solutions, Inc. NASDAQ: ADES
Slide 20: Non-GAAP Financial Measures
-15- © 2013 Advanced Emissions Solutions, Inc N ON -GAAP F INANCIAL M EASURES $(000) September 30, 2013 September 30, 2012 June 30, 2013 Coal sales and cost of raw coal 35,568 $ 59,021 $ 31,769 $ Operating costs of retained tonnage 3,126 $ 8,349 $ 4,372 $ Adjusted gross profit and adjusted gross mar
Slide 21: 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