Cvr Partners, Lp · NYSE:UAN
Cvr Partners, Lp — Q4 2017 Earnings Presentation
10 slides from Cvr Partners, Lp's earnings presentation, Feb 22, 2018
Slide 1: CVR Partners, LP 4th Quarter 2017 Earnings Report
CVR Partners, LP 4th Quarter 2017 Earnings Report February 22, 2018
Slide 2: Safe Harbor Statement
1 The following presentation contains forward-looking statements based on management’s current expectations and beliefs, as well as a number of assumptions concerning future events. The assumptions and estimates underlying forward-looking statements are inherently uncertain and, although considered
Slide 3: Consolidated Selected Financials
2 Consolidated Selected Financials (All information in this earnings report is unaudited other than the statement of operations and cash flow data for the year ended December 31, 2016 and the balance sheet data as of December 31, 2016) (1) Definition of this non-GAAP financial measure is on slide 7.
Slide 4: Key Performance Indicators
3 Key Performance Indicators Coffeyville On-Stream Rates(1) East Dubuque On-Stream Rates(2) Consolidated Sales (thousand tons) Consolidated Product Pricing at Gate ($ / ton) (1) The Linde air separation unit experienced a shut down during the second quarter of 2017. Following the Linde outage, the C
Slide 5: Capital Structure and Debt Metrics
4 Capital Structure and Debt Metrics (1) Amounts presented are gross debt not net of unamortized debt issuance costs or unamortized discount. (2) Net debt is defined as total debt less cash and cash equivalents. (3) Reconciliation of this non-GAAP financial measure to the most directly comparable GA
Slide 6: Capital Spending
5 Capital Spending YTD ($ in millions) 2014 2015 2016 2017 2018 Estimate Maintenance 4.7$ 9.6$ 13.7$ 14.1$ 18.0$ Profit and Growth 16.4 7.4 9.5 0.4 3.0 Total Capital Spending 21.1$ 17.0$ 23.2$ 14.5$ 21.0$
Slide 7: Appendix
Appendix
Slide 8: Non-GAAP financial measures definitions
7 To supplement the actual results in accordance with GAAP for the applicable periods, the Partnership also uses non-GAAP financial measures as discussed below, which are reconciled to GAAP-based results. These non-GAAP financial measures should not be considered an alternative for GAAP results. The
Slide 9: Non-GAAP Financial Measures
8 Non-GAAP Financial Measures (1) Definition of this non-GAAP financial measure is on slide 7. ($ in millions) 12/31/2017 12/31/2016 12/31/2017 12/31/2016 Net loss (27.4)$ (14.5)$ (72.8)$ (26.9)$ Interest expense and other financing costs, net 15.8 15.8 62.9 48.6 Income tax expense 0.2 - 0.2 0.3 Dep
Slide 10: Non-GAAP Financial Measures
9 Non-GAAP Financial Measures (1) Definition of this non-GAAP financial measure is on slide 7. ($ in millions) Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Net loss (13.4)$ (14.5)$ (10.3)$ (3.5)$ (31.6)$ (27.4)$ Interest expense and other financing costs, net 15.6 15.8 15.7 15.7 15.7 15.8 Income