Smart Sand (SND) Investor presentation summary

Strategic positioning and asset base

• Operates three mines with over 450 million tons of high-quality fine mesh reserves, primarily Northern White Sand, meeting over 80% of current frac sand demand.

• Annual processing capacity of 10 million tons, with direct access to four Class 1 rail lines, enabling efficient logistics across North America.

• Company-controlled terminals and a network of third-party partners provide expansive reach into key oil and gas basins.

• Diversification into industrial product solutions leverages existing reserves and facilities for growth in non-energy markets.

• Maintains a prudent capital structure with low leverage and high insider ownership, aligning management with shareholders.

Operational and logistics advantages

• Efficient mining and processing at Oakdale, Ottawa, and Blair facilities, with centralized operations minimizing trucking and costs.

• Dual-served rail access and unit train capability reduce delivery times and costs, providing a competitive edge in logistics.

• In-basin terminals in North Dakota, Pennsylvania, and Ohio support rapid, cost-effective delivery to major shale plays.

• SmartSystems™ wellsite storage and SmartPath® logistics offer advanced automation, dust control, and direct-to-blender delivery, optimizing last-mile performance.

Market trends and demand drivers

• U.S. LNG export capacity is projected to rise by over 10 Bcf/d from 2025 to 2027, driving increased natural gas demand.

• Proppant usage per well and per lateral foot continues to increase, especially in Marcellus, Utica, and Canadian shale basins, supporting higher frac sand demand.

• Longer lateral lengths in key basins further boost demand for high-quality Northern White Sand.

• Stable frac spread counts but rising sand usage per spread indicate sustained demand growth.