Propetro Holding Corp. · NYSE:PUMP
Propetro — Q2 2021 Earnings Presentation
12 slides from Propetro's earnings presentation, Aug 4, 2021
Slide 1: Q2 2021 Investor Presentation
Q2 2021 INVESTOR PRESENTATION August 3, 2021
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS Except for historical information contained herein, the statements and information in this presentation, including the oral statements made in connection herewith, are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities
Slide 3: ProPetro at a Glance
PROPETRO AT A GLANCE Customer Focused 0.49 100% Sustainability Team Driven Full Year 2020 TRIR Concentration of Frac Investments 38% lower than 2019 Industry Average Operations in the Permian 2010 2017 2020 Begins hydraulic Initial Electrically Teamwork & fracturing operations public offering Powere
Slide 4: Capital Migrating to Our Backyard
CAPITAL MIGRATING TO OUR BACKYARD Over $60 billion in Permian E&P transactions since 2018 Notable Transactions Date Buyer Value ($MM) Recent Permian Upstream Transactions 4/1/2021 Pioneer Natural Resources $6,400 10/20/20 Pioneer Natural Resources $7,621 10/19/20 ConocoPhillips $13,337 $3bn 12/16/19
Slide 5: Positioning for a Cleaner Future
POSITIONING FOR A CLEANER FUTURE Displacing Conventional Diesel Fleets with Tier IV Dynamic Gas Blending (DGB) Hydraulic Horsepower (HHP) Composition Dual Fuel Equipment through Conversions and New-Build Purchases YE2020 (1) Pounds of CO2 per mmbtu 200 Conventional 150 Diesel 100 50 (2) YE2021 0 Die
Slide 6: 2Q21 Financial Highlights
2Q21 FINANCIAL HIGHLIGHTS Revenue: $217 million, increased 34% vs. Revenue Mix 1Q21 Net Loss: $9 million 1% 99% Non- Permian Adj. EBITDA: $36 million(1), increased 78% vs. Permian 1Q21 Free Cash Flow: $16 million(2) Durable Capital Structure: • Cash: $73 million 2% 98% • Total Debt: $0 All Other Pre
Slide 7: Financial Trends
FINANCIAL TRENDS (in millions) $216.9 $154.3 $161.5 Prudent approach to utilization $133.7 • Effective utilization of 13.1 fleets in 2Q21 Revenue • Deploying 90,000 HHP of Tier IV DGB by YE 2021 3Q20 4Q20 1Q21 2Q21 ◦ Purchased and deployed 50,000 HHP of new-build Tier IV DGB Dual-Fuel ◦ Investing in
Slide 8: Delivering Disciplined Execution
DELIVERING DISCIPLINED EXECUTION Blue Chip Superior Permian Focus Sustainable Future Customers Performance Positioned in the low cost basin with Large drilling inventories Consistently outperforming the Investing in lower emissions sector leading operating scale and sizeable rig competition on locat
Slide 9: Appendix
PRO Appendix
Slide 10: Non-GAAP Reconciliations
NON-GAAP RECONCILIATIONS This presentation references “Adjusted EBITDA” and “Free Cash Flow,” which are non-GAAP financial measures. We define EBITDA as our earnings, before (i) interest expense, (ii) income taxes and (iii) depreciation and amortization. We define Adjusted EBITDA as EBITDA, plus (i)
Slide 11: Non-GAAP Reconciliations
NON-GAAP RECONCILIATIONS Three Months Ended June 30, 2021 March 31, 2021 December 31, 2020 September 30, 2020 (in thousands) Net Cash from Operating Activities $ 44,472 $ 17,008 $ 21,098 $ 21,116 Net Cash used in Investing Activities $ (28,650) $ (22,270) $ (12,038) $ (4,154) Free Cash Flow $ 15,822
Slide 12: Contact Information
CONTACT INFORMATION Corporate Investor Headquarters Relations 1706 South Midkiff Road David Schorlemer, CFO Midland, TX 79701 investors@propetroservices.com 432.688.0012 Direct 432.227.0864 Josh Jones, Director of Finance investors@propetroservices.com Direct 432.276.3389 www.propetroservices.com ©