Profrac Holding Corp. · NASDAQ:ACDC
Profrac — Investor Presentation (June 2023)
12 slides from Profrac's investor presentation, Jun 21, 2023
Slide 1: ProFrac Holdings Investor Presentation June 2023
Exhibit 99.1 ProFrac Holdings Investor Presentation June 2023 w w w . P F H o l d i n g s C o r p . c o m J u n e 2 0 2 3
Slide 2: Cautionary Statements
2 Cautionary Statements Forward-Looking Statements Certain statements in this presentation may be considered “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. In some cases, the reader can identify forward-looking
Slide 3: Snapshot of ProFrac Holding Corp.
3 Snapshot of ProFrac Holding Corp. • W h i t e s p a c e e x p e r i e n c e d i n p a r t o f Q 1 h a s p e r s i s t e d t h r o u g h o u t Q 2 • R i g h t - s i z i n g o f c o s t s t r u c t u r e i m p l e m e n t e d Emerging i n J u n e Q2 Themes • F u l l - c y c l e c o m m e r c i a l a
Slide 4: The Premier Vertically-Integrated Energy Services Holding Company
4 The Premier Vertically-Integrated Energy Services Holding Company PF Holdings’ portfolio of innovation-driven companies offer complementary products and services, forming a vertically-integrated energy services company catering to leading upstream oil and gas producers Our Portfolio Companies: Oth
Slide 5: Benefits of Internal Manufacturing Capabilities
5 Benefits of Internal Manufacturing Capabilities Represented in Stimulation Segment Represented in Manufacturing Segment Equipment Equipment In-House- Light & Heavy Pumps, Consumables & Ancillary Equipment Assembly Leasing Refurbishment Maintenance Fluid & Pump High Pressure ESC & Consumables Power
Slide 6: Most Fuel-Efficient Fleets Remain Sold Out With Significant Demand Growth Expected
6 Most Fuel-Efficient Fleets Remain Sold Out With Significant Demand Growth Expected (3) YE 2023E Fleet Composition § ProFrac’s fuel-efficient, next-gen fleet generates fuel cost arbitrage, creating opportunities for 42% premium pricing and higher utilization 61% ~60% of Fleets 40% Next-Gen by § T4
Slide 7: Attractively Positioned with Diversification Across Customer Base and Basin
7 Attractively Positioned with Diversification Across Customer Base and Basin Stimulation Segment ~2 Active Fleets In (1) (1) Est. Q2 Average the Bakken ~5.5 Active Fleets In Appalachia ~1 Active Fleet In the Rockies Operating Locations ProFrac Willow Park Headquarters ~7 Active Fleets In ProFrac Ho
Slide 8: Pressure Pumping Industry Backdrop Remains Constructive
8 Pressure Pumping Industry Backdrop Remains Constructive § Pressure pumping supply tightly held by small group of disciplined players § Equipment utilization expected to remain elevated, supporting industry pricing and profitability § Global crude oil supply-demand balance expected to remain tight
Slide 9: Proppant Market Fundamentals Are Supportive of ProFrac's Business
9 Proppant Market Fundamentals Are Supportive of ProFrac’s Business § In-basin proppant supply in the Permian, Eagle Ford and Haynesville markets is expected to remain insufficient to meet demand § Proppant market consolidation serves as a tailwind for pricing § Minegate pricing reflects market tigh
Slide 10: Considerable Upside in ProFrac's Current Valuation
10 Considerable Upside in ProFrac’s (1) Current Valuation ProFrac Illustrative Sum-of-the-Parts (“SOTP”) Valuation Analysis Valuation Valuation ProFrac Implied (2) Business Line Metric Multiple Metric Valuation Valuation Commentary EV / Total $65MM per Valued at the average of Peer EV / total Pressu
Slide 11: ProFrac Investment Highlights
11 ProFrac Investment Highlights Vertically-integrated completions offering delivers reliability and efficiency ü Purpose-built M&A strategy executed to enhance resiliency ü Significant scale and through the cycle profitability ü B Be es st t- -i in n- -c cl la as ss s o op pe er ra at to or r d de
Slide 12: PF Holdings
G=) PF HOLDINGS