Mammoth Energy Services, Inc. · NASDAQ:TUSK
Mammoth Energy Services — Q2 2024 Earnings Presentation
21 slides from Mammoth Energy Services's earnings presentation, Aug 9, 2024
Slide 1: Mammoth Energy Services Investor Presentation Fall 2024
MAMMOTH ENERGY SERVICES INVESTOR PRESENTATION FALL 2024 (NASDAQ: TUSK) December 2018
Slide 2: Forward-Looking and Cautionary Statements
Forward-Looking and Cautionary Statements The information in this investor presentation of Mammoth Energy Services, Inc. (“Mammoth” or “Mammoth Energy”) includes “forward-looking statements.” All statements, other than statements of historical facts that address activities, events or developments th
Slide 3: Experienced Management Team
EXPERIENCED MANAGEMENT TEAM Extensive Oil & Gas and Infrastructure T&D Expertise Chief Executive Officer since the Company’s formation in 2016. Previously the Chief Executive Officer of Serva Group LLC, an oilfield equipment manufacturer, as well as at Diamondback Energy Services, Inc., an energy se
Slide 4: Mammoth Energy Services
MAMMOTH ENERGY SERVICES Mammoth is an integrated, growth-oriented energy services company: Oil & Gas Sector: provides products and services to enable the exploration and development of North American onshore unconventional oil and natural gas reserves. Infrastructure Sector: focused on the construct
Slide 5: PREPA Receivable Update
PREPA RECEIVABLE UPDATE July 22, 2024: Cobra Acquisitions LLC Announces Settlement Agreement with PREPA and Total Expected Proceeds of Approximately $188M ➢ Company reaches resolution with PREPA for work completed over 5 years ago that totals $188.4 million ➢ Company plans to use a portion of the se
Slide 6: Q2 2024 Financial Performance
Q2 2024 FINANCIAL PERFORMANCE Revenue by Segment ($ in millions) Adj EBITDA(a)(b) by Segment ($ in millions) $0.7 $(2.4) Consolidated Revenue $(0.6) $7.1 $10.0 Q2-24 – $51.5 million $(1.4) $0.8 Q1-24 – $43.2 million $4.7 Consolidated Adj EBITDA(a)(b) $(0.8) $31.4 Q2-24 – ($0.3) million $1.7 Q1-24 –
Slide 7: Mammoth Overview
MAMMOTH OVERVIEW Diversified Portfolio of Assets Oilfield Services Well Completion revenues up 20% for Q2 2024 vs Q1 2024 - Experiencing short-term softness in the market, but see indications that activity may ramp back up in 2025 Infrastructure Services and Project Work Infrastructure revenues up 2
Slide 8: Oilfield Services
Oilfield Services ➢ Currently have 46 Tier 2 dual fuel pumps and 6 Tier 4 dual fuel pumps ➢ Pumped 292 stages in Q2 2024 vs. 380 stages in Q1 2024 APRIL 2021 7
Slide 9: Natural Sand Proppant Services
Natural Sand Proppant Services ➢ Own three sand facilities in Wisconsin with access to all major Class One railroads ➢ High quality Jordan Substrate and Wonewoc Sandstone frac sand with approx. 4.4M(a) tons per annum capacity ➢ Own or control destination transloads in multiple basins with unit train
Slide 10: Natural Sand Proppant Services
Natural Sand Proppant Services Sold approx. 141K tons of sand in Q2 2024 vs. 146K tons in Q1 2024 Q2 2024 Plant Production (a)(b) (b) (b) Capacity Reserves Output Cost/Ton Piranha Facility 2,030 36,706 - - Taylor Facility 1,695 23,191 143,414 $ 14.44 Muskie Facility(c) 675 N/A - - 4,400 59,897 143,4
Slide 11: Diversified Portfolio of Infrastructure Services
DIVERSIFIED PORTFOLIO OF INFRASTRUCTURE SERVICES Engineering, Procurement & Construction (EPC): Services & Capabilities Broad Service Capabilities & Specialized Crews Design Evaluate Develop Construct Analyze Storm Project Transmission Distribution Substation Engineering Repair Management Rapid Grow
Slide 12: Portfolio of Turnkey Services
Portfolio of Turnkey Services High Voltage Transmission/Substations/Switchyards Projects performed by combined resources of 425+ employees and 1,000+ pieces of owned equipment TUSK Margin Enhancement (Vertical Integration Services) Project Design • Design overhead transmission & distribution electri
Slide 13: High Quality Infrastructure Customer Base
HIGH QUALITY INFRASTRUCTURE CUSTOMER BASE APRIL 2021 12
Slide 14: Increased 2024 Capex Budget
Increased 2024 Capex Budget Major Projects ➢ Dual fuel pressure pump upgrades ➢ Maintenance CapEx for pressure pumping fleet ➢ Growth capital, including dual fuel upgrades, will remain dependent on market conditions and liquidity requirements ➢ The Company may make certain strategic investments late
Slide 15: Appendix
APPENDIX APRIL 2021 14
Slide 16: Appendix: Consolidated Adjusted EBITDA Reconciliation
Appendix: Consolidated Adjusted EBITDA Reconciliation Adjusted EBITDA is a supplemental non-GAAP financial measure that is used by management and external users of our financial statements, such as industry analysts, investors, lenders and rating agencies. We define Adjusted EBITDA as net income or
Slide 17: Appendix: Well Completion Services Adjusted EBITDA Reconciliation
Appendix: Well Completion Services Adjusted EBITDA Reconciliation Adjusted EBITDA is a supplemental non-GAAP financial measure that is used by management and external users of our financial statements, such as industry analysts, investors, lenders and rating agencies. We define Adjusted EBITDA as ne
Slide 18: Appendix: Infrastructure Services Adjusted EBITDA Reconciliation
Appendix: Infrastructure Services Adjusted EBITDA Reconciliation Adjusted EBITDA is a supplemental non-GAAP financial measure that is used by management and external users of our financial statements, such as industry analysts, investors, lenders and rating agencies. We define Adjusted EBITDA as net
Slide 19: Appendix: Natural Sand Proppant Services Adjusted EBITDA Reconciliation
Appendix: Natural Sand Proppant Services Adjusted EBITDA Reconciliation Adjusted EBITDA is a supplemental non-GAAP financial measure that is used by management and external users of our financial statements, such as industry analysts, investors, lenders and rating agencies. We define Adjusted EBITDA
Slide 20: Appendix: Drilling Services Adjusted EBITDA Reconciliation
Appendix: Drilling Services Adjusted EBITDA Reconciliation Adjusted EBITDA is a supplemental non-GAAP financial measure that is used by management and external users of our financial statements, such as industry analysts, investors, lenders and rating agencies. We define Adjusted EBITDA as net incom
Slide 21: Appendix: Other Services Adjusted EBITDA Reconciliation
Appendix: Other Services(a) Adjusted EBITDA Reconciliation Adjusted EBITDA is a supplemental non-GAAP financial measure that is used by management and external users of our financial statements, such as industry analysts, investors, lenders and rating agencies. We define Adjusted EBITDA as net incom
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