Propetro Holding Corp. · NYSE:PUMP
Propetro — Q3 2019 Earnings Presentation
14 slides from Propetro's earnings presentation, Nov 13, 2019
Slide 1: Forward-Looking Statements
Certain information included in this presentation constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act. These forward-looking statements are subject to numerous risks and uncertainties, many of which are difficult to predict, and generally beyond
Slide 2: Discussion Topics
ProPetro at a Glance Discussion Topics Permian Basin Update 2019 Third Quarter Highlights 2019 Q3 Financial Review The DuraStim® Difference(1) 1 2 3 4 5 Unique Positioning 6 Items regarding DuraStim are estimates and are subject to change, DuraStim® is a registered trademark of AF Global Corporation
Slide 3: ProPetro at a Glance
100% Frac Operations Permian Concentrated 1,415,000 HHP Spread over 27 Crews Propetro At a glance Permian Focused Customers Customer and Employee Focused Business Model Highly Utilized Fleet Including a 10 year strategic, long-term service agreement for ~30% of the fleet 27 Hydraulic Fracturing Unit
Slide 4: Healthy demand for efficient services
Healthy demand for efficient services Driven by E&P acquisitions, attractive economics, and completion intensity Permian Macro Permian shift to manufacturing mode Driven by customer shift to multi-well pad development Short supply of HHP capable of intensifying workload Mature and evolving infrastru
Slide 5: 2019 Q3 Highlights
2019 Q3 highlights For a reconciliation to net income (loss), please see Appendix Items regarding DuraStim are estimates and are subject to change, DuraStim® is a registered trademark of AF Global Corporation (“AFGlobal”) Recent Financial Performance Industry leading utilization Effective utilizatio
Slide 6: 2019 Q3 Financial Highlights
Revenue: $541.8 MM 2019 Q3 Financial Highlights Adjusted EBITDA: $131.9 MM Diluted Earnings Per Share (EPS): $0.33 Inclusive of cash and available capacity under revolving credit facility as of 9/30/2019 Conservative Leverage Profile: Cash: $109.2 MM Total Debt: $130.0 MM Total Liquidity: $173.5 MM
Slide 7: Horsepower Growth and Utilization
Chart based on end of period HHP counts Added HHP from PXD transaction Items regarding DuraStim are estimates and are subject to change, DuraStim® is a registered trademark of AF Global Corporation (“AFGlobal”) HORSEPOWER GROWTH AND UTILIZATION Growth & utilization driven by improvements in executio
Slide 8: Unique technology opportunities
Unique technology opportunities 1. Proven Wellsite Execution Consistently earning customer trust 2. Opportunity to Pull Through Differentiating Technologies Trust of customers allows for unique opportunities 3. Constant Need to Drive Down Well Costs Desire to improve project economics up and down th
Slide 9: DuraStim provides potential benefits up and down the value chain
DuraStim Provides potential benefits up and down the value chain Fuel Cost(1) Conversion from diesel to natural gas electric power Footprint / Labor / Safety(1) Fewer units per location = fewer people = safer operations General Supplies / Maintenance Capex(1) Fewer moving parts = fewer expendables =
Slide 10: Uniquely Positioned for Success
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 competition on location Access to Premier Projects Operation
Slide 11: Uniquely Positioned for Success
UNIQUELY POSITIONED FOR SUCCESS Permian Focus Access to Premier Projects Blue Chip Customers Superior Performance Positioned in the low cost basin with sector leading operating scale Large drilling inventories and sizeable rig programs Consistently outperforming the ‘competition on location Operatio
Slide 12: Adjusted EBITDA Reconciliation (Non-GAAP)
Three Months Ended December 31, 2018 March 31, 2019 June 30, 2019 September 30, 2019 Net income $51,778 $69,805 $36,133 $34,397 Depreciation and amortization $24,709 $33,117 $35,482 $37,653 Interest expense $1,917 $1,903 $2,026 $1,749 Income tax expense $15,258 $21,892 $10,272 $12,340 Loss on dispos
Slide 13: Contact
Contact www.propetroservices.com Corporate Headquarters Investor Relations 1706 S. Midkiff, Bldg. B Midland, TX 79701 432.688.0012 Sam Sledge sam.sledge@propetroservices.com Office Direct 432.253.5111
Slide 14: Contact
CONTACT ") i, ® = Corporate Headquarters Investor Relations 1706 S. Midkiff, Bldg. B Sam Sledge Midland, TX 79701 sam.sledge@propetroservices.com 432.688.0012 Office Direct 432.253.5111 www.propetroservices.com (©2010 ProPeve Holding Corp. lights Reserved. PROPETRO”