Cvr Partners, Lp · NYSE:UAN
Cvr Partners, Lp — Q3 2016 Earnings Presentation
8 slides from Cvr Partners, Lp's earnings presentation, Oct 27, 2016
Slide 1: CVR Partners, LP 3rd Quarter 2016 Earnings Report
CVR Partners, LP 3rd Quarter 2016 Earnings Report October 27, 2016
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, except the balance sheet data as of December 31, 2015) On April 1, 2016, CVR Partners acquired Rentech Nitrogen Partners, LP (now known as CVR Nitrogen, LP ("CVR Nitrogen")) and its general partner, Rentech Nit
Slide 4: Capital Structure and Debt Metrics
3 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 on slide 7. The summary unaudited pro forma financial information for
Slide 5: Appendix
Appendix
Slide 6: Non-GAAP financial measures definitions
5 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 7: EBITDA and Adjusted EBITDA reconciliation
6 Non-GAAP Financial Measures (1) Definition on slide 5 Financials ($ in millions) 9/30/2016 9/30/2015 9/30/2016 9/30/2015 Net Income (loss) (13.4)$ (13.5)$ (12.4)$ 43.3$ Interest expense and other financing costs, net 15.6 1.8 32.8 5.2 Income tax expense 0.2 - 0.3 - Depreciation and amortization 16
Slide 8: Pro Forma
7 Non-GAAP Financial Measures Pro Forma (1) Definition on slide 5 (2) The summary unaudited pro forma financial information for the LTM period assumes CVR Partners owned the East Dubuque Facility for all periods presented and also assumes the $645M principal balance of the 2023 senior secured notes