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Investor Presentaiton

EBITDA and Adjusted EBITDA Reconciliation ($ in thousands) Net income (loss) Depreciation, depletion, accretion and amortization Income tax expense (benefit) Interest expense Franchise taxes EBITDA (Gain) loss on sale/disposal of fixed assets Equity compensation Royalty stock issuance Acquisition and development costs Cash charges related to restructuring and retention Accretion of asset retirement obligations Adjusted EBITDA 9/30/2022 12/31/2022 $ 2,683 $ 2,627 $ Quarter ended 3/31/2023 (3,599) $ 6/30/2023 9/30/2023 6,307 $ 6,727 6,705 6,590 6,551 6,750 6,985 831 (923) 1,598 (3,288) (1,879) 431 379 442 457 304 77 85 336 102 66 10,727 8,758 5,328 10,328 12,203 00000000 (466) 713 ༅ ཎྜ ཤྩ t , ༄ N 1,889 706 736 802 28 25 (92) 850 - 97 271 70 31 189 18 200 235 235 11,291 $ 10,721 $ 8,424 $ 11,408 $ 13,266 smartsand® Mine to Wellsite Solutions®
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