Jenniffer Deckard, President and Chief Executive Officer

Christopher Nagel, Chief Financial Officer

Scotia Howard Weil

43rd Annual Energy Conference

March 24, 2015

Forward Looking Statements and Non-GAAP Financial Measures

This presentation contains forward-looking statements. These statements can be identified by the use of forward-looking terminology including “will,” “may,” “believe,”

“expect,” “anticipate,” “estimate,” “continue,” or other similar words. These statements discuss future expectations including company growth expectations, demand for

our products, capacity expansion plans, market trends, commercial product launches and research and development plans and may contain projections of financial

condition or of results of operations, or state other “forward-looking” information. These forward-looking statements involve risks and uncertainties. Many of these risks

are beyond management’s control. When considering these forward-looking statements, you should keep in mind the risk factors, Management’s Discussion and

Analysis of Financial Condition and Results of Operations, and other cautionary statements in the company’s SEC filings. Forward-looking statements are not

guarantees of future performance or an assurance that our current assumptions or projections are valid. Our actual results and plans could differ materially from those

expressed in any forward-looking statements. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information or

future events, except as required by law.

This presentation includes certain non-GAAP financial measures, including EBITDA, Adjusted EBITDA and Adjusted EPS. These non-GAAP financial measures are used

as supplemental financial measures by our management to evaluate our operating performance and compare the results of our operations from period to period without

regard to the impact of our financing methods, capital structure or non-operating income and expenses. Adjusted EBITDA is also used by our lenders to evaluate our

compliance with covenants. We believe that these measures are meaningful to our investors to enhance their understanding of our financial performance. These

measures should be considered supplemental to and not a substitute for financial information prepared in accordance with GAAP and may differ from similarly titled

measures used by other companies. For a reconciliation of such measures to the most directly comparable GAAP term, please see the slides 25 and 26 of this

presentation.

1

2014 Volumes by Segment

Oil & Gas – Proppant Solutions Product Lines Include:

Northern White Frac Sand

Texas Gold Frac Sand (mined in Voca, TX)

Resin-Coated Frac Sand

Self-Suspending Proppant Technology, Propel SSP

2

Industrial & Recreational End Markets Include:

Foundry

Glass

Building Products

Sports and Recreation

Specialty Products

Water

Product Lines Include:

• High-Purity Silica Sand

• Custom-Blended Materials

• Resin-Coated Sand

People

Planet

Prosperity

Industry-leading integrated logistics network – 52 distribution terminals with

over 9,000 rail cars

Unit train capabilities at 3 production facilities and 3 in-basin terminals

State-of-the-art R&D and resin manufacturing facilities

Patented product and process technologies

808 million tons of proven mineral reserves

11 sand processing facilities with more than 13.4 million tons of annual sand

processing capacity

11 coating facilities with annual capacity of 2.7 million tons

Broad and innovative product suite addressing ~ 95% of the proppant market

API-qualified sand

Leading Solutions Provider Differentiated in Every Area of the Value Chain

OPERATIONAL

SCALE

PRODUCT PORTFOLIO

DISTRIBUTION

COMMITMENT TO

SUSTAINABLE

DEVELOPMENT

TECHNOLOGY AND

INNOVATION

3

We Are Built on a Foundation of Sustainable Development

_____________________

Source: Company website and corporate filings 4

Conducted four enterprise-wide

Appreciative Inquiry Summits with

>1,300 stakeholders

Contributed ~ 20,000 hours of

volunteer time in 2014.

Safety record Lost Time Incident

Rate (LTIR) at ~ ½ sand industry

average

PEOPLE

18 Zero Waste Facilities

Reduced 90% of waste sent to

landfills since 2009

Planted ~406k trees since 2007, to

offset GHG emissions, while

consistently working to improve

energy efficiency

PLANET

SD Pays: Validated savings of

>$4.2MM in 2014

Saved >$6MM by diverting 1.2MM

lbs. of bulk bags from landfill since

2008

Prosperity for external stakeholders

— $3.9M invested back into

communities in 2014

PROSPERITY

Leading Capacity Positions in the Largest Proppant Categories

5

#2 POSITION IN RAW FRAC SAND CAPACITY

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

0.0

0.5

1.0

1.5

2.0

2.5

3.0

___________________________

Source: Peers – PropTester 2014 Proppant Market Report published February 23, 2015; FMSA – internal company data

2014 CAPACITY (MM TONS) 2014 CAPACITY (MM TONS)

#1 POSITION IN RESIN-COATED SAND CAPACITY

Peers

The Industry’s Largest Operations and Distribution Footprint

6

Comprehensive Logistics Platform and Vertically Integrated Operations with Access to Every Major U.S. Oil & Gas Basin

Coating Operations (11)

Mining & Processing (11)

Research & Development (2)

Resin Manufacturing (1)

Specialty Products (4)

Basin

Play

Oil & Gas Terminals (42)

Unit Train Destination (3)

Manufacturing Footprint

Logistics Network

International Operations

Industrial & Recreational

Terminals (10)

2 Terminals in the same city

Our Product Portfolio Addresses ~ 95% of the Proppant Market

7

2014 PROPPANT MARKET SHARE (%) (1) FMSA VOLUME MIX (2)

Raw Frac Sand

~80%

Resin-Coated Sand

(Including PowerProp®) (3)

~20%

RAW FRAC SAND (89%)

RESIN-COATED SAND (7%)

___________________________

1. Based on FMSA internal market product consumption by weight data

2. Breakdown of FMSA volume mix is based on Proppant Solutions segment only for 2014 and excludes Industrial & Recreational volumes

3. Fairmount Santrol’s PowerProp product competes with lightweight ceramics offered by competitors up to 12,000 psi

CERAMICS (4%) (3)

PATENTED

TECHNOLOGIES

Pioneered development of resin coating in 1976

Proprietary new products involve patented IP, especially at

high end of the market

History of innovation

Unique Position in Coated Products with Barriers to Entry

8

0.2

0.3

0.4

0.8

1.5 TECHNICAL

RELATIONSHIPS

CAPTIVE RESIN

SUPPLY AND

NEW

DEVELOPMENT

RAW FRAC

SAND SUPPLY

Process to gain customer acceptance is lengthy and

technical, but critical

Market to E&Ps to pull through demand

Resin manufacturing allows FMSA to create and protect

unique formulations

Fully integrated captive sand source

– Secures supply

– Reduces cost

Resin-Coating

Capacity (1)

___________________________

1. Competitor capacity (in million tons) based on PropTester 2013 Proppant Market Report published February 14, 2014

Captive

Sand Source

Captive Resin

Manufacturing

INTEGRATED

DISTRIBUTION

NETWORK

Pee

rs

98% of resin-coated product is sold through in-basin

terminals

2.7

Super LCC

CoolsetC

OptiProp G2C

PowerPropP

HyperpropC

0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

Closure Pressure (000s psi)

THSP

Super DCC

FAIRMOUNT SANTROL PROPPANTS VS. CLOSURE PRESSURE (1)

_____________________

C = curable product; P = pre-cured

1. Pressure performance data are specific to 20/40 mesh. TLC, THS and PowerProp provide a degree of proppant flowback resistance. SLC, SDC, OptiProp specifically

address proppant flowback prevention.

Recommended range for each product based on optimal crush, conductivity, and price tradeoffs.

API-Spec Northern White Frac Sand

Texas Gold API-Spec Frac Sand

Raw Sand Resin-Coated Sand Resin-Coated Ceramic

ADDED VALUE

Eliminate

Flowback?

Reduce

Fines? Embedment?

Suite of Product Solutions for Well Environment Complexity

9

TLCP

Acceleration of Horizontal Proppant Demand Continues

and Will Offset Some of the Impact of Rig Declines

Wells per Rig

Lateral Length

Stages per Foot

Proppant per Stage

Proppant

Demand

10

Robust Proppant Demand Driven by Multiplier Effect

Proppant Per Well (000 Tons)

2.5 1.3

3.5

10.0

2.7 1.7

3.9 3.6 2.7

4.4

6.5 6.0 5.5

Eagle Ford Permian Marcellus Leading-Edge Experimental

2012 2013 2014 Avg. Leading-Edge Operators

___________________________

Source: Internal estimates and order flow analysis

Eagle Ford: Illustrative of both liquids rich and dry gas portion

Permian: Illustrative of Wolfcamp C & D, and Cline Shale

Marcellus: Illustrative of both dry gas in PA and liquids rich portion in WV PacWest Consulting Partners (wells drilled and proppant per well), The Freedonia Group (total proppant demand)

Current Market Environment: Rig Count Declines

11

Average drilling rig counts have already declined by ~40% from Q4 2014

Active rigs

Average number of rigs for quarter

2015 forecasts @ $55 WTI

1,5521,3461,2501,0761,0231,192

1,5001,9121,9031,8521,779

-38%

4Q-14 1Q-15 3Q-14 Today 1Q-14 2Q-14 *

Spears Raymond

James

Morgan

Stanley Citi Stephens

@ 1,000-Rig Decline (~50%)

Proppant Decline (~20% - 25%)

-60%

-50%

-40%

-30%

-20%

-10%

0%

10%

Rig Count Proppant Market

Current Market Environment: Reducing Customer Costs per BOE

12

Premium API Spec Sand

Expansive Logistics Network

Technology Portfolio

Operating Scale to Enable

Vendor Consolidation

FMSA Well Positioned to

Reduce Customer Costs

per Barrel of Oil Equivalent (BOE)

and Gain Share

100% of FMSA Sand Meets API and Customer Specifications

13

CAPACITY BY TIER (1)

-

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

90.0

100.0

Market FMSA

Tier 3

Tier 2

Tier 1

Per

cent

of C

apac

ity

Source: Peers – PropTester 2014 Proppant Market Report published February 23, 2015

(1) The PropTester 2014 Proppant Market Report published February 23, 2015 combined Tier 2 and 3 capacity. FMSA applied its own factor to segregate Tiers 2 and 3

based on its industry expertise and anecdotal evidence.

KEY FRAC SAND - API REQUIREMENTS

Tier 1 and Tier 2 sand fall within API and

customer specifications for:

Crush

Roundness

Sphericity

Acid Solubility

Purity

Size Distribution

Turbidity

Expansive Logistics Network Lowers Proppant Cost for our Customers

Unit Trains, Barges

Optimized Cost In-Basin

14 Origins

42+ Terminals

42+ Terminals

Reduced Last-Mile Trucking

Costs

Lower Cost per BOE

Curable Resin-Coated Sand Further Lowers Production Cost per BOE

FAIRMOUNT SANTROL CONFIDENTIAL – DO NOT SHARE WITHOUT PERMISSION

15

NPV of Increased Production from Less Downtime $ 14,000

NPV of Lower Material Cost $100,000

NPV of Fewer Workovers (Well Failures) $ 21,000

Subtotal, NPV per Well $135,000

Less Resin Cost - $ 20,000

Overall Net Present Value of RCP, per stage $115,000

est. NPV for large, STX Well with 500,000 lbs. proppant per stage;

25-stage Horizontal Well $2,875,000 per well NPV (Relative Only to Cost of Flowback)

Lower Cost per BOE

Propel SSP Lowers Production Cost per Barrel of Oil Equivalent (BOE)

FAIRMOUNT SANTROL CONFIDENTIAL – DO NOT SHARE WITHOUT PERMISSION

16

Lower Cost per BOE

Fewer Chemicals

Reduced Spend

1 2 3 4 5

Propel SSP (3wells)

77,810 155,797 231,075 299,750 362,264

Offset (3 wells) 74,878 137,136 186,692 234,899 277,021

% Increase 4% 14% 24% 28% 31%

0%

5%

10%

15%

20%

25%

30%

35%

40%

-

100,000

200,000

300,000

400,000

500,000

600,000

700,000

% In

crea

se

Cu

mu

lati

ve P

rod

uct

ion

(BO

E)

Production Months

Utica: 6-Well Study

Replacing Gel

Systems

Minimized Formation Damage

No Fluid Sweep

Less Water

Increased Contact

Area and Conductivity

Higher IP & EUR

Scale and Flexibility to Facilitate Vendor Consolidation

17

RAW FRAC SAND

PROCESSING

3.0

12.9

0.0

2.8

8.8 9.9

2009 SEPT 2014 Q1 2015 (WEDRON + BREWER -

READFIELD)

POTENTIAL (WEDRON)

FUTURE EXPLORATION & DEVELOPMENT

MM TONS

___________________________

1. Refers to the facility expansion that is expected to occur

ACHIEVABLE = PERMITS + RAIL CARS + TERMINAL CAPACITY

200MM+

RESERVES

Under Active

Development

We Have a Long and Sustained History of Trusted Partnership with Our Customers

18

STRONG, DIVERSE AND BALANCED CUSTOMER BASE LONG-TERM CUSTOMER PARTNERSHIPS

Serving the major Oil Field Service

companies since the late 1970s

Through multiple industry cycles

Unique ability to partner with our customers

as their needs change over time

– Ability to fulfill “just-in-time” requirements

– Adjust to shifting products and geographies

Long-term collaboration with both OFSs and

E&Ps on their total proppant-related needs,

including product development

Contract structures designed to foster

partnerships and withstand market cyclicality

Selected Direct Customers

Selected Shared Ultimate Customers

Strong 2014 Financial Performance

19

$ IN THOUSANDS, EXCEPT PER SHARE DATA 2014 2013 % Change

Proppant Volume (tons) 7,188 5,117 40%

Revenue $1,356.5 $988.4 37%

EBITDA $368.1 $248.9 48%

Adj. EBITDA $397.3 $292.6 36%

Diluted EPS $1.02 $0.63 62%

Adj. Diluted EPS $1.07 $0.75 43%

Capital Expenditure $143.5 $111.5 29%

2014 RESULTS

Strong Cash Flow Supports Current Capital Structure

20

Committed to a strong and stable

capitalization profile

– Cash flow generation exceeds

capital expenditures and debt

service

– Maintain revolver flexibility to

pursue growth opportunities and

acquisitions

Superior return on invested capital

– Commitment to return metrics for

all capital investments

– Maintenance Cap Ex $25MM to

$30MM per year

2014 2013

Cash and Cash Equivalents $76.9

Debt (net of original issue discount)

Revolving Credit Facility 1.0 42.8

Term Loan B-1 319.9 322.7

Term Loan B-2 910.9 878.6

Other Debt, Including Capital Leases 20.8 18.1

Total Long-Term Debt, Including Current Portions $1,252.6 $1262.2

Net Debt 1,175.8 1,244.4

LTM Adjusted EBITDA $397.3 $292.6

Debt / LTM Adjusted EBITDA 3.15x 4.31x

Net Debt/LTM Adjusted EBITDA 2.96x 4.25x

Liquidity

Cash 76.9 17.8

Revolver Capacity 113.5 21.2

Total Liquidity $190.4 $39.0

$ M M , U N L E S S O T H E R W I S E N O T E D

Short-Term Fairmount Santrol Strategic Initiatives

Reduce costs and maximize our efficiencies and effectiveness in our raw and

value-added coated products supply chain

Continue to be the most cost-effective solutions provider for our customers

Fully commercialize new product technologies

– Propel SSP, CoolSet and other new products in 2015 as appropriate

Maintain focus on liquidity and balance sheet

– Reduce our net debt position and improve our liquidity positions by managing

working capital and capital expenditures while investing prudently to be in a

strong position for recovery

21

We Have a Long History of Managing Through Industry Cycles While Successfully Investing for Growth

22

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

1994 1998 2002 2006 2010 2014

($MM) 1890s: Fairmount Santrol’s

predecessor companies begin

operations

1978: First sand plant, Best Sand,

acquired by FMSA investors

1980s: Partnered with Halliburton

and Baker Hughes to invest in large-

scale proppant production

1976: Pioneered the first resin-

coated proppant

REVENUE

2014 ROIC ~ 19%

The Leading, Fully Integrated Proppant Solutions Producer

23

Leading Proppant Producer; Broadest Product Suite

Industry’s Largest Captive Terminal Footprint and Broadest Logistics Capabilities

Focus on Innovation and New Product Development

Trusted Partner to Our Customers

Commitment to Sustainability

24

Questions & Answers

Reconciliation of Non-GAAP Financial Measures

25

Reconciliation of Non-GAAP Financial Measures

26