Covia Investor Presentation

Executing on Our Strategy Over $260 million net debt reduction in 2019 REPOSITION ENERGY SEGMENT Consolidation of production into lowest cost assets Idled 15 million tons of capacity Closed / idled 16 terminals Reduced rail car fleet by 2,800 cars² Commissioned 8 million tons of local capacity C COVIA GROW INDUSTRIAL 170 basis point expansion in gross rgin YTD ¹ 350k tons capacity expansion in Mexico in early 2020 1 - On a pro forma basis 2 LTM 9/30/19 $ STRENGTHEN BALANCE SHEET $240M divestiture of non- core assets Generated $70M of operating cash flow ³ Reduced capex more than 60% vs. prior year³ Lowered SG&A 31% from peak level 3 - YTD 9/30/19 7

View entire presentation