Propetro Holding Corp. · NYSE:PUMP
Propetro — Q4 2021 Earnings Presentation
12 slides from Propetro's earnings presentation, Feb 23, 2022
Slide 1: Q4 2021 Investor Presentation
Q4 2021 INVESTOR PRESENTATION February 22, 2022 © 2022 ProPetro Holding Corp. All Rights Reserved.
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 0.54 100% Sustainability Team Driven Full Year 2021 TRIR Concentration of Frac Investments Operations in the Permian 2010 2017 2020 2021 Begins hydraulic Initial Electrically 1.4 million HHP Teamwork & fracturing operations public offering Powered DuraStim (as o
Slide 4: Capital Migrating to the Permian
CAPITAL MIGRATING TO THE PERMIAN Over $70 billion in Permian E&P transactions since 2018 Notable Transactions Announced Recent Permian Upstream Transactions Date Buyer Value ($MM) 12/31/2021 Continental Resources $3,250 $3bn $13bn $7bn 10/1/2021 Coterra Energy $7,400 9/20/2021 ConocoPhillips $9,500
Slide 5: Positioning for a Cleaner Future
POSITIONING FOR A CLEANER FUTURE Converting our Fleet to Tier IV DGB Dual-Fuel • Displacing diesel ~70% with cleaner-burning natural gas • Customers willing to pay a premium due to fuel savings and lower emissions - "A Win-Win" • EPA Emissions Standards compliant • Expect to exit 1H22 with 86 fully
Slide 6: 4Q21 Financial Highlights
4Q21 FINANCIAL HIGHLIGHTS Revenue: $246 million, decreased 2% vs. Focused Revenue Mix 3Q21 Net Loss: $20 million 1% 99% Non- Permian Adj. EBITDA: $37 million(1), decreased 12% vs. Permian 3Q21 Free Cash Flow: $26 million(2) Durable Capital Structure: • Cash: $112 million 2% 98% • Total Debt: $0 All
Slide 7: Financial Trends
FINANCIAL TRENDS (in millions) $217 $250 $246 Prudent approach to utilization $162 • Effective utilization of 12.5 fleets in 4Q21 Revenue • Deployed 90,000 HHP of Tier IV DGB in 2021 1Q21 2Q21 3Q21 4Q21 • Expect to deploy more conversions of 125,000 HHP of Tier IV DGB in 1H22 Net Loss $(9) $(5) Valu
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
Appendix © 2022 ProPetro Holding Corp. All Rights Reserved.
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 December 31, 2021 September 30, 2021 June 30, 2021 March 31, 2021 (in thousands) Net Cash from Operating Activities $ 45,455 $ 47,779 $ 44,472 $ 17,008 Net Cash used in Investing Activities $ (18,743) $ (34,629) $ (28,650) $ (22,270) Free Cash Flow $ 26,71
Slide 12: Contact Information
CONTACT INFORMATION Corporate Investor Headquarters Relations 1706 South Midkiff Road Josh Jones, Director of Finance Midland, TX 79701 investors@propetroservices.com 432.688.0012 Direct 432.276.3389 www.propetroservices.com © 2022 ProPetro Holding Corp. All Rights Reserved. 12