Propetro Holding Corp. · NYSE:PUMP
Propetro — Q1 2021 Earnings Presentation
13 slides from Propetro's earnings presentation, May 4, 2021
Slide 1: Q1 2021 Investor Presentation
Q1 2021 INVESTOR PRESENTATION May 5, 2021
Slide 2: Forward Looking Statements
2 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 Securiti
Slide 3: ProPetro at a Glance
© 2021 ProPetro Holding Corp. All Rights Reserved. 3 PROPETRO AT A GLANCE 2005 Founded 2010 Begins hydraulic fracturing operations in the Permian Basin 2013 Company recapitalization 2017 Initial public offering (NYSE: PUMP) 2019 Announces initial phase of DuraStim project 2020 Electrically Powered D
Slide 4: ProPetro is solely focused where capital is migrating
© 2021 ProPetro Holding Corp. All Rights Reserved. 4 ProPetro is solely focused where capital is migrating CAPITAL MIGRATING TO OUR BACKYARD Over $60 billion in Permian E&P transactions since 2018 99% Permian 1% Non- Permian ProPetro FY2020 Revenue Mix $6bn $13bn $3bn $3bn $13bn Date Buyer Value ($M
Slide 5: Leveraging our scale in the Permian to drive profitability
© 2021 ProPetro Holding Corp. All Rights Reserved. 5 Leveraging our scale in the Permian to drive profitability • Low-cost basin supports recovering activity levels • Single basin focus streamlines logistics and enhances efficiencies • Differentiated reliability and maintenance capabilities Increasi
Slide 6: Positioning for a Cleaner Future
© 2021 ProPetro Holding Corp. All Rights Reserved. 6 0 90 180 Diesel Propane Field Gas Liquefied Natural Gas (LNG) Pounds of CO2 per mmbtu(1) POSITIONING FOR A CLEANER FUTURE Tier II Diesel 100% Hydraulic Horsepower (HHP) Composition YE2020 YE2021(2) (1) Emissions data from EIA (2) Management estima
Slide 7: Recent Highlights
© 2021 ProPetro Holding Corp. All Rights Reserved. 7 RECENT HIGHLIGHTS (1) For a reconciliation to net income (loss), please see Appendix (2) Free cash flow (FCF) is a Non-GAAP financial measure and is defined as net cash flow provided from operating activities less net cash used in investing activi
Slide 8: 2021 Q1 Financial Highlights
© 2021 ProPetro Holding Corp. All Rights Reserved. 8 Net Loss: $(20) MM 2021 Q1 FINANCIAL HIGHLIGHTS Adjusted EBITDA: $20 MM (1) Free Cash Flow: $(5) MM (2) (1) Adjusted EBITDA is a Non-GAAP financial measure, please see appendix for reconciliation to Net Income (2) Free cash flow (FCF) is a Non-GAA
Slide 9: Uniquely Positioned for Success
© 2021 ProPetro Holding Corp. All Rights Reserved. 9 UNIQUELY POSITIONED FOR SUCCESS Permian Focus Positioned in the low cost basin with sector leading operating scale Blue Chip Customers Large drilling inventories and sizeable rig programs Superior Performance Consistently outperforming the competi
Slide 10: Appendix
PRO APPENDIX
Slide 11: Non-GAAP Reconciliations
11 NON-GAAP RECONCILIATIONS Three Months Ended (in thousands) March 31, 2021 December 31, 2020 September 30, 2020 June 30, 2020 Net (loss) income ($20,375) ($44,111) ($29,184) ($25,920) Depreciation and amortization 33,478 35,445 37,467 40,173 Interest expense 176 174 137 791 Income tax (expense) b
Slide 12: Non-GAAP Reconciliations
12 NON-GAAP RECONCILIATIONS Three Months Ended (in thousands) March 31, 2021 December 31, 2020 September 30, 2020 June 30, 2020 Net Cash from Operating Activities $17,008 $21,098 $21,116 $35,186 Net Cash used in Investing Activities (22,270) (12,038) (4,154) (31,468) Free Cash Flow ($5,262) $9,060 $
Slide 13: Contact
© 2021 ProPetro Holding Corp. All Rights Reserved. 13 CONTACT www.propetroservices.com Corporate Headquarters Investor Relations 1706 S. Midkiff Rd Midland, TX 79701 432.688.0012 David Schorlemer - CFO investors@propetroservices.com Office 432.688.0012