Free Writing Prospectus
Common Equity Offering
March 2013
U.S. Silica
U.S. Silica
FREE WRITING PROSPECTUS DATED MARCH 12, 2013
FILED PURSUANT TO RULE 433
REGISTRATION STATEMENT NO.: 333-186406


Disclaimers
This presentation contains forward-looking statements that reflect, when made, our current views with respect to
current events and financial performance. Such forward-looking statements are subject to many risks, uncertainties
and
factors
relating
to
our
operations
and
business
environment,
which
may
cause
our
actual
results
to
be
materially
different from any future results, express or implied, by such forward-looking statements. All statements that address
future operating, financial or business performance or our strategies or expectations are forward-looking statements. In
some
cases,
you
can
identify
these
statements
by
forward-looking
words
such
as
“may,”
“might,”
“will,”
“should,”
“expects,”
“plans,”
“anticipates,”
“believes,”
“estimates,”
“predicts,”
“projects,”
“potential,”
“outlook”
or “continue,”
and
other comparable terminology. Factors that could cause actual results to differ materially from these forward-looking
statements include, but are not limited to, those discussed in our filings with the Securities and Exchange Commission,
incorporated by reference into the prospectus, including our most recent Annual Report on Form 10-K and our
Quarterly Reports on Form 10-Q.  New risks and uncertainties arise from time to time, and it is impossible for us to
predict these events or how they may affect us. We disclaim any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future events and/or otherwise, except to the
extent required by law.
This presentation includes certain non-GAAP financial measures, including Adjusted EBITDA and Segment
Contribution Margin. 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
others.
For
a
reconciliation of such measures to the most directly comparable GAAP term, please see Appendix A to this
presentation.
U.S. Silica Holdings, Inc. has filed a registration statement (including a prospectus) and preliminary prospectus
supplement
with
the
SEC
for
the
offering
to
which
this
communication
relates.
Before
you
invest,
you
should
read
the
prospectus in that registration statement, the preliminary prospectus supplement and the other documents the issuer
has
filed
with
the
SEC
for
more
complete
information
about
the
issuer
and
this
offering.
You
may
get
these
documents
for free by visiting EDGAR on the SEC Web site at www.sec.gov.  Alternatively, the issuer, any underwriter or any
dealer participating in the offering will arrange to send you the prospectus and preliminary prospectus supplement if
you request them by calling Morgan Stanley & Co. LLC at 1-866-718-1649 or Merrill Lynch, Pierce, Fenner & Smith
Incorporated at 1-866-500-5408.
2


Offering Summary
3
Issuer:
U.S. Silica Holdings, Inc.
Exchange / Ticker:
NYSE / SLCA
Number of Shares Offered:
8,500,000 shares (100% secondary)
Pro Forma Shares Outstanding:
52,946,821 shares
Pro Forma Ownership:
GGC
USS Holdings, LLC: 59% (with greenshoe)
Over-Allotment Option:
15% (100% secondary)
Lock-up:
90 Days for Company, Directors, Officers & Selling Stockholders
Expected Pricing:
March 13, 2012 (Wednesday)
Joint Bookrunners:
Morgan Stanley, Bank of America Merrill Lynch, Simmons & Co., Jefferies,  
Wells Fargo


Commercial Silica Market Share
U.S. Silica is Attractively Positioned
Leading industrial minerals supplier
Over 250 products and 1,800 customers
15 facilities and over 100 years of history
307 million tons of high quality reserves
7.2 million tons sold in FY 2012
FY 2012 revenues of $441.9 million
FY
2012
Adjusted
EBITDA
of
$150.6
million
(1)
4
Company Profile
(1)
See Appendix A for reconciliations to GAAP
Source:
Company Estimates
Other
Contribution
Margin
(1)
($MM)
4
Oil & Gas Proppants: Frac sand
Industrial & Specialty: Glass, coatings, foundry
Flagship Ottawa site home of ‘Ottawa White’


5
SLCA:  A Diversified Option to Play NA Shale Growth
Rapid Demand
Growth
Proppant
demand growth > rig
count growth
Early Innings of
Shale Revolution
Low Cost
Supply is
Constrained
Long lead times, frequent capacity
shortages
Difficult to Find, Permit
and Build New Mines
Risk
Diversification
Multitude of end users, independent of
specific basins or commodities
Stable Industrial Business and
Versatile Oil & Gas Products
Sustainable
Competitive
Advantages
Direct access to Class I rail, barge
and transloads
from 15 facilities
Low Cost, Multi-Plant Network
with Integrated Supply Chain
Line of Site
Organic Growth
Significant new Oil & Gas
capacity + ISP growth
initiatives
New Capacity / New Products / New Thinking
5


Frac Sand Demand Outstrips Drilling Activity
6
6
Horizontal
Rig Count
Wells
per Rig
Stages per
Lateral
Proppant Demand
Proppant
per Stage
Lateral
Length
Proppant
growth has recently outpaced rig count growth due to higher
service intensity
Pressure pumpers are increasing fracing efficiencies and completing jobs
faster
Wells per rig increased as operators found new drilling efficiencies
Laterals grew longer and stages increased as fracturing technology
advanced
Proppant
per stage grew denser as operators experimented with new well
designs
Growth Drivers


69
107
244
0
50
100
150
200
250
2010
2011
2012
Oil & Gas: 2012 Performance
7
FINANCIAL PERFORMANCE
2012
2011
Growth
Sales
$243.8
$107.1
128%
Contribution
Margin
$140.1
$67.6
107%
% Margin
57%
63%
Developed Greenfield
mine
and
processing plant in Sparta, WI
Expanded
strategic customer partnerships
Developed new resin coated sand facility
in Rochelle, IL
Partnered with BNSF railroad to construct
new
transload
facility in San Antonio, TX
Increased
transload
network from 5 to16
locations and expanded sales volumes
KEY ACCOMPLISHMENTS
Oil and Gas Sales
($MM)


New Projects Face High Hurdles
8
Sphericity, solubility,
size, crush strength
(14 API specifications)
Large-Scale High
Quality Reserves
Rail access to
major basins
Long approval
process (1 –
3 years)
Federal / state / local
mining, air, water,
reclamation permits
Premium on know-
how and expertise
Logistics and
On-Site
Infrastructure
Permission
and
Experience to
Operate
Diversified
Customers
Ability
to “spec-in”
to industrial
customer
production
processes
8
High
Quality,
Cost
Effective
Supply
Barriers to Entry
Barriers to Success


Segment
Applications
Glass
Smartphones, tablets,
containers, automotive
glass and fiberglass
Building Products
Mortars and grouts,
specialty cements, roofing
shingles and insulation
Foundry
Molds for high
temperature castings and
metal casting products
Chemicals
Silicon-based chemicals
used in food processing,
detergents and polymer
additives
Fillers and
Extenders
Performance coatings,
architectural, industrial
and traffic paints, EMC
and silicone rubber
U.S. Silica’s multiple plants provide
supply redundancy and low
transportation costs
Often a single source supplier
Spec’d in to customer formulas due to
unique silica characteristics
Low customer turnover
Drivers of Stability
Stable and Growing Profitability
(Segment Contribution Margin, in $MM)
Unique Industrial & Specialty Position
9
37
46
53
54
0
20
40
60
2009
2010
2011
2012


Growing our Specialty and Performance Products
Whole Grain
Bulk
Ground
High Purity
Automotive Glass
Roofing Shingles
High-end Electronics
Specialty Coatings
Characteristics
Uses
Invest in Talent
New VP/GM
Market Development team
Technical Sales capability
~300 Miles
Global
Shipping Radius
Transforming the ISP Segment
Enhance R&D
New Technical Director
Product Development capability
State-of-the-art lab
Customer technical support
Implement New Technology
Specialty deposits
Enhanced processing
Investing in new production
capability for specialized
applications
10
$s per ton
$s per kilo


Low cost
plant
Low cost
plant
Low cost
plant
11
Structural Cost Advantage Within Industry
Low Cost
2012 Demand
U.S. Silica Frac Plants vs.
New Project Examples
Cost per Ton
(1)
(1)
Cost per ton to Class I rail
(2)
Represents U.S. Silica’s four plants used for frac sand
Moderate Cost
New Entrant
U.S. Silica
(2)
Moderate Cost
High Cost
Cumulative Industry Capacity
2012 Industry Cost Curve
High Cost New
Entrant
Royalties,
road fees, no
access to
natural gas, etc.
11
Trucking from
mine to plant
Trucking from
mine to plant
Trucking to
Class I rail or
transfer from
Class II rail


Railroad access on BNSF,
Union Pacific, CN, CP and CSX
Barge access
15 in-basin transloads, many of
which can be turned ‘on’
or ‘off’
to meet demand
Anticipate 25 to 30 transloads
by the end of 2013
Transportation Assets
Differentiated Footprint and Transportation Network
12
Scale
Reliability
Flexibility
Cost effectiveness
U.S. Silica Advantages
Right Product, Right Place, Right Time
12


A Multi-Plant Network is Required for National Coverage
Class I Rail Serving U.S. Silica Plants
Most WI
startups are on 
the CN network
or Class II rail
13
13
East Bakken
West Bakken
Eagle Ford
Marcellus/Utica
North Permian
Central Permian
South Permian
Rockies
Mid-Continent (OK, KS, TX)
Canada


U.S. Silica’s Highly Efficient Logistic Solutions
Rail terminal located in the basin
Proppant is unloaded from railcars and stored for trucking
to the wellhead
Includes storage silos, equipment for loading/unloading
and local staff
Dedicated storage allows us to control quality further into the
supply chain
Vertical silos, gravity fed loadout and automated billing drive
a 6-8 minute turnaround time for trucks
Track length allows unit train deliveries
Large storage capacity enables high margin ‘spot sales’
Our Design Offers Key Advantages
Consists of 70-100 cars (8k -11k tons) that are shipped
direct from origin to destination
Streamlines shipping process by sending railcars in an
express loop and reducing railcar cycle time by 75%
Reduces cost and ensures higher quality control
What is a Unit Train?
Only works for high volume plants that can fill all cars in a
short time and without incurring demurrage
Must have a destination capable of quickly unloading and
storing large volumes, such as our San Antonio transload
Challenges of Running Unit Trains
What is a Transload?
14


Long-Standing Customer Relationships
Flexibility to cost efficiently move
crews between basins
Readily available inventory in all
major basins
Assured supply
Improved shipment and inventory
planning
Lower supply chain and logistics
costs
Competitive advantage over new
entrants
Higher contribution margin for in-
basin delivery
Consistent demand
Improved shipment and inventory
planning
Lower supply chain and logistics
costs
Provide large scale, multi-plant access
on nearly every major Class I rail line
Build in-basin storage and transloads
together
Sync with customers demand
Jointly plan shipments and inventory
levels
Jointly plan shipping assets (rail cars)
and unit trains
Mutually Profitable, Long-Term Customer Relationships.
15
U.S. Silica Benefits
Customer Benefits
How We Work With Customers
Growth and Flexibility
Deeply Embedded Solutions
Helping Customers Win


Line-of-Sight Oil & Gas Organic Growth Elements
16
Initiatives
Description
2Q13: Sparta
Greenfield Mine
Phase I Capacity: 750-850k tons
Phase I Capital: $50-$60MM
36 million tons of coarse, Northern White
reserves
On-site access to Class I railroad
Actively marketing new supply
Option to double production capacity
1Q13: Rochelle
Resin-Coated
Proppant (RCS)
Phase I Capacity: 200k tons
Phase I Capital: $36MM
Best-in-class team
Close access to high quality coarse
substrate from our Ottawa facility
Access to 2 Class I railroads and barging
Completing product testing and building
inventory
Option to double production capacity
16


17
Robust U.S. Silica Growth Platform
Capacity Expansion
Opportunities
ISP Innovation
Line-of-Sight Oil & Gas
Projects
Resin-Coated Proppant Plant: Q1 2013
Sparta Raw Sand Greenfield Mine: Q2 2013
Greenfield Opportunities
Attractive M&A
Sparta
Phase
II:
750
850k
additional
tons
of
capacity
RCS Phase II: ability to add 200k additional tons of capacity
Investing in new capability for specialized applications
Focused on high-end end segments with global reach
Unparalleled industry expertise in mine development
Recent success with Sparta Project
Advantaged position to act as an industry consolidator
Potential to create value through logistics network


Potential Future Run-Rate Profitability
18
18
2012
RCS
Sparta I
Sparta II
Capacity Based
EBITDA
EBITDA Supported By Total Potential Capacity
Other Key Initiatives
New ISP products
M&A
Greenfield projects


Strong Balance Sheet to Fund Growth Initiatives
19
Summary Capitalization
(US$ in thousands)
12/31/2012
12/31/2011
Cash and Cash Equivalents
$     61,022
$     59,199
Asset-Based Revolving
Line-of-Credit
Term Loan Facility
255,425
257,857
Other Borrowings
_
3,932
Total Debt
255,425
261,789
Net Debt
194,403
202,590
Leverage
(Debt/Adj
EBITDA)
(1)
1.7x
2.8x
Net
Leverage
(Net
Debt/Adj
EBITDA)
(1)
1.3x
2.2x
$32.1MM capacity under
asset-based revolving
line-of-credit
Total liquidity of ~$93MM for
growth initiatives as of
December 31, 2012
Strong operating cash flows of
$101MM for December 31,
2012
(1)
Leverage
and
Net
Leverage
as
of
December
31,
2012
are
calculated
using
LTM
Adj
EBITDA
as
of
the
reporting
date
19


Historical Financial Summary
20
($MM)
Adjusted EBITDA
(1)
($MM)
Volume
Revenue
Capital Expenditures
($MM)
(MM Tons)
(1)
See Appendix A for GAAP reconciliation
20


21
Compelling Investment Opportunity
Unique Option to Play NA
Shale Growth
Economically irreplaceable ingredient
Strong long-term demand projections
Basin and service company independent
Industry Leader for More
Than a Century
Top market positions in most segments
Low cost operations with industry leading logistics
Complimentary industrials business
Proven Results
2x Revenue and 3x Adj. EBITDA over last 3 years
Diverse customer relationships
Strong operating cash flows
Clear Growth
Opportunities
Increased share of rapidly growing proppant segment
Introduce new, value added products
Highly accretive M&A opportunities


Appendix A
22


Non-GAAP Financial Performance Measures
23
Segment Contribution Margin
The
Company
organizes
its
business
into
two
reportable
segments,
Oil
&
Gas
Proppants
and
Industrial
&
Specialty
Products,
based on end markets. The reportable segments are consistent with how management views the markets served by the Company
and the financial information reviewed by the chief operating decision maker. The Company manages its Oil & Gas Proppants and
Industrial & Specialty Products businesses as components of an enterprise for which separate information is available and is
evaluated regularly by the chief operating decision maker in deciding how to allocate resources and assess performance.
An operating segment’s performance is primarily evaluated based on segment contribution margin, which excludes certain
corporate costs not associated with the operations of the segment. These corporate costs are separately stated and include costs
that are related to functional areas such as operations management, corporate purchasing, accounting, treasury, information
technology,
legal
and
human
resources.
The
Company
believes
that
segment
contribution
margin,
as
defined
above,
is
an
appropriate measure for evaluating the operating performance of its segments. However, this measure should be considered in
addition to, not a substitute for, or superior to, income from operations or other measures of financial performance prepared in
accordance with generally accepted accounting principles. For a reconciliation of segment contribution margin to its most directly 
comparable GAAP financial measure, see Note T to our financial statements in our Annual Report  on Form 10-K for the fiscal
year ended December 31, 2012.
Adjusted EBITDA
Adjusted
EBITDA
is
not
a
measure
of
our
financial
performance
or
liquidity
under
GAAP
and
should
not
be
considered
as
an
alternative
to
net
income
as
a
measure
of
operating
performance,
cash
flows
from
operating
activities
as
a
measure
of
liquidity
or
any other performance measure derived in accordance with GAAP. Additionally, Adjusted EBITDA is not intended to be a measure
of free cash flow for management’s discretionary use, as it does not consider certain cash requirements such as interest
payments, tax payments and debt service requirements. Adjusted EBITDA contains certain other limitations, including the failure
to reflect our cash expenditures, cash requirements for working capital needs and cash costs to replace assets being depreciated
and amortized, and excludes certain non-recurring charges that may recur in the future. Management compensates for these
limitations by relying primarily on our GAAP results and by using Adjusted EBITDA only as a supplement. Our measure of
Adjusted EBITDA
is
not
necessarily
comparable
to
other
similarly
titled
captions
of
other
companies
due
to
potential
inconsistencies
in
the methods of calculation.
23


Reconciliation (Adjusted EBITDA to Net Income)
24
Reconciliation of Adjusted EBITDA
US$ in thousands
12/31/12
12/31/11
Net Income
79,154
30,253
Total Interest Expense, Net of Interest Income
13,615
18,347
Provisions of Taxes
30,651
7,162
Total Depreciation, Depletion and Amortization Expenses
25,099
20,999
EBITDA
148,519
76,761
Non-Cash Deductions, Losses and Charges
(1)
379
(526)
Non-Recurring Expenses (Income)
(2)
(4,206)
(2,028)
Transaction Expenses
(3)
156
6,043
Permitted Management Fees and Expenses
(4)
-
9,250
Non-Cash Incentive Compensation
(5)
2,330
1,237
Post-Employment Expenses (Excluding Service Costs)
(6)
1,794
1,689
Other Adjustments Allowable Under Existing Credit Agreements
(7)
1,617
1,131
Adjusted EBITDA
150,589
93,557
See following page for explanation of adjustments to EBITDA
24


Reconciliation (Adjusted EBITDA to Net Income)
25
(1) Includes non-cash deductions, losses and charges arising from adjustments to estimates of a
future litigation liability and the decision by our hourly workforce at our Rockwood facility to
withdraw from a pension plan administered by a third party.
(2) Includes the gain on the sale of assets and the gain on insurance settlements.
(3) Includes natural gas hedging losses, purchase accounting adjustments, management bonuses and
other
expenses
arising
from
the
refinancing
of
our
Term
Loan
and
Revolver.
(4) Includes fees and expenses paid to Golden Gate Capital for ongoing consulting and management
services
provided
pursuant
to
an
Advisory
Agreement
entered
into
in
connection
with
the
Golden
Gate
Capital
acquisition;
this
Advisory
Agreement
was
terminated
in
connection
with
our
IPO.
(5) Includes vesting of incentive equity compensation issued to our employees.
(6) Includes net pension costs and net post-retirement costs relating to pension and other post-
retirement
benefit
obligations
during
the
applicable
period,
but in
each
case
excluding
the
service
costs relating to benefits earned during such period.
(7) Reflects miscellaneous adjustments permitted under our existing credit agreements, including such
items as expenses related to Sarbanes-Oxley implementation reviewing growth initiatives and
potential acquisitions.