Atlas Energy Solutions Inc. · NYSE:AESI
Atlas Energy Solutions — Goldman Sachs Energy, Clean Tech & Utilities Conference 2024
21 slides from Atlas Energy Solutions's conference presentation, Jan 3, 2024
Slide 1: Goldman Sachs Energy, Clean Tech & Utilities Conference January 2024
Investor Presentation October 2023 NYSE: AESI Goldman Sachs Energy, Clean Tech & Utilities Conference January 2024 Exhibit 99.1
Slide 2: Important Disclosures
Important Disclosures 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, and Section 21E of the Securities
Slide 3: Atlas Energy Solutions (NYSE: AESI) at a Glance
(1) Source: Bloomberg. Reflects 3Q’23 financial information and reflects a share price as of 27-December-2023. Enterprise value calculated as market capitalization, plus debt, less cash & equivalents. | (2) Q3 2023 dividend payment date of 16-November-2023 to holders of record as of 09-November-2023
Slide 4: Management's E&P Background and Track Record of Value Creation
Note: Past performance by members of our management team, our directors or their respective affiliates may not be indicative of future performance. | Source: Bloomberg, public disclosures. | (1) Total return calculated as cumulative dividends plus stock price appreciation (IPO date through 28-Dec-20
Slide 5: Atlas is a Leading Pure-Play Permian Proppant and Logistics Provider
Source: Enverus, Baker Hughes, Public Filings, Bloomberg Consensus data. | (1) As of 27-December-2023. Peer group includes: SLB, BKR, HAL, NOV, FTI, WHD, OII, CHX, SES, SOI, ARIS, SLCA, USAC, AROC, XPRO, HLX. | (2) Represents planned Dune Express route based on secured rights-of-way and federal perm
Slide 6: The Permian's Giant Open Dunes are a Tier One Resource
Geology of open dunes separates AESI on scale, costs, margins & quality Improved yields relative to off-dune deposits enhances economics Exceptional quality (high crush strength, low turbidity, etc.) Large, deep deposits with consistent reserve mix Costless Pecos Valley Aquifer provides unique dredg
Slide 7: The Atlas Energy Solutions Advantage
The Atlas Energy Solutions Advantage Premium Giant Open Dune Geology 100+ years of resource life at 15.0 mmtpy of production Lack of organics and impurities result in higher mining yields Premium quality product with high crush strength Advantaged Water Access Ample costless water provides Atlas wit
Slide 8: New Remote Command Center & Drop-Depot Facilities Expand Delaware Basin Footprint
New Remote Command Center & Drop-Depot Facilities Meaningfully Expands Atlas’ Delaware Basin Footprint Overview Our remote in-field command center is presently located 18-miles west of our Kermit facility and was commissioned in 3Q’23 Adding a third drop-depot facility and target in service by end o
Slide 9: AESI Trucking Fleet Update: Significantly Expanding Payloads
AESI Trucking Fleet Update: Significantly Expanding Payloads AESI Payloads on Private Roads Far Exceed Industry Norm Summary Update / Latest Developments ~20% of our third quarter deliveries utilized multi-trailers; seeing continued customer adoption 102 of 120 trucks received to-date 120-truck flee
Slide 10: Shortened Distances and Expanded Payloads Drive Efficiencies
(1) Assumes a Permian well requires 10,000 tons of sand for completion and represents a well ~60 miles from the Atlas Kermit facility. Conventional Trucking utilizes 23.5-ton payload trailers. Drop-Depot and Dune Express utilize high-capacity Atlas double-trailers with 70-ton payloads. Shortened Dis
Slide 11: The Dune Express: Proppant Midstream Infrastructure
Source: Enverus | (1) Represents expected Dune Express route based on secured rights-of-way and federal permits. | (2) Based on existing well count within each section. (3) Based on conservative estimates of wells per section per interval – 6-8 for 1st Bone Spring, 2nd Bone Spring, 8-10 for 3rd Bone
Slide 12: AESI Logistics = Safer, More Reliable and Lower Emission Sand Delivery
Daily Proppant Delivery Capacity per Truck (Dune Express) AESI Logistics = Safer, More Reliable and Lower Emission Sand Delivery Daily Proppant Delivery Capacity per Truck (Current) Source: Enverus, Management analysis and estimates. | (1) Represents planned Dune Express route based on secured right
Slide 13: Applying an Old Technology to a New Application: The Dune Express
Source: Company disclosures, Mindat Research, Mining Weekly, Conveyor Equipment Manufacturers Association, Western Sahara Resource Watch. Conveyors are commonly used to transport bulk materials globally Selected Bulk Material Conveyor Systems Operating Around the World OCP Group (Phosboucras) <10 10
Slide 14: New Kermit Facility Poised to Meet Growing Permian Demand
Source: Lium, management estimates. | (1) Lium Local Sand Plants – Permian October 2023. Estimated Permian Production capacity assumes competitor mines operate at 70% of nameplate capacity. | (2) Lium proppant demand estimates for 2024E. New Kermit Facility Poised to Meet Growing Permian Demand New
Slide 15: Consistent and Durable Return of Capital to Shareholders
(1) Bloomberg as of 27-December-23. Share price performance since AESI IPO on 08-March-23. Since Q4 2021, Atlas has paid $125 million in distributions and dividends Consistent and Durable Return of Capital to Shareholders Historical Investor Distributions & Dividends Capital Allocation Framework Thi
Slide 16: Permian Basin Market Update
Permian Other Completions Efficiencies driving Proppant Demand Growth; the Permian is the #1 Basin in US Shale Permian Basin Market Update (1) Per Lium, Baker Hughes and EIA. 2023E and 2024E frac fleet and proppant demand forecast based on Lium guidance. | (2) Area chart represents production by bas
Slide 17: Atlas Energy Solutions Investment Highlights
High Quality, Differentiated Asset Base Proven Team, Compelling Track Record, E&P Experience Robust Cash Flow Generation + Strong Financial Position Compelling Valuation and Growth Profile Atlas Energy Solutions (NYSE: AESI) Investment Highlights Illustrative Dune Express Highway Overpass Atlas Well
Slide 18: Appendix
wh Atlas Appendix Energy Solutions
Slide 19: Reconciliation and Calculation of Non-GAAP Financial Measurements
Reconciliation and Calculation of Non-GAAP Financial Measurements
Slide 20: Non-GAAP Financial Measure Definitions
Non-GAAP Financial Measure Definitions Non-GAAP Financial Measures Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Free Cash Flow, Adjusted Free Cash Flow Margin, Adjusted Free Cash Flow Conversion and Maintenance Capital Expenditures are non-GAAP supplemental financial measures used by our manage
Slide 21: 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
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