Mammoth Energy Services, Inc. · NASDAQ:TUSK
Mammoth Energy Services — Q1 2025 Earnings Presentation
20 slides from Mammoth Energy Services's earnings presentation, May 7, 2025
Slide 1: Mammoth Energy Services Investor Presentation
MAMMOTH ENERGY SERVICES INVESTOR PRESENTATION SUMMER 2025 (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 Energy and Infrastructure Expertise Chief Executive Officer since January 2025. Previously served as the interim President of Cobra Acquisitions LLC, Higher Power Electrical LLC, and 5 Star Electric LLC, Mammoth’s infrastructure subsidiaries. Prior to these posi
Slide 4: Mammoth at a Glance
MAMMOTH AT A GLANCE A differentiated portfolio of services and products to areas of growth within the energy sector ▪ Well Completion Services ▪ Natural Sand and Proppant Services ▪ Other Energy Services ▪ Infrastructure Services Q1-25 Revenue ~$155 million of of $62.5 million Cash on Hand Strong as
Slide 5: Compelling Valuation
Compelling Valuation Mammoth Market Capitalization: Stock Price as of 5/2/2025: $2.60 Shares Outstanding as of 5/2/2025: 48,127,369 Current Market Cap: $125.1 million Appraised Value of Property and Equipment: $149 million(1) Cash on Hand as of May 2, 2025: $155 million(2) 1) Independent appraised f
Slide 6: Q1 2025 Financial Performance
Q1 2025 FINANCIAL PERFORMANCE ‒ Revenue increased 17% sequentially ‒ Adjusted EBITDA improved 157% sequentially ‒ Net Loss improved 97% sequentially ‒ EPS improved 97% sequentially Revenue by Segment ($ in millions) Percent Contribution of Q1-25 Revenue(1) $1.8 $5.9 9.4% 10.8% $6.7 33.5% $20.9 $30.7
Slide 7: Portfolio of Services Review
Portfolio of Services Review APRIL 2021 6
Slide 8: Well Completions Services
Well Completions Services ➢ Currently have 44 Tier 2 dual fuel pumps and 13 Tier 4 dual fuel pumps ➢ Currently have two pressure pumping fleets active in Q2 APRIL 2021 7
Slide 9: Natural Sand Proppant Services
Natural Sand Proppant Services ➢ Own three sand facilities in Wisconsin(a) 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 tr
Slide 10: Natural Sand Proppant Services
Natural Sand Proppant Services Sold approx. 189K tons of sand in Q1 2025 vs. 129K tons in Q4 2024 Q1 2025 Plant Production (a)(b) (b) (b) Capacity Reserves Output Cost/Ton Piranha Facility 2,030 36,650 49,745 $ 35.90 Taylor Facility 1,695 22,633 153,002 $ 15.42 (c) Muskie Facility 675 N/A - - 4,400
Slide 11: Other Services
Other Services Aviation & Equipment Rentals Remote Accommodations • Fleet of 8 small passenger airplanes • Convenient, fully catered, and comfortable •Under long-term leases with a commuter lodging accommodations for remote energy airline services and construction • Fleet of 6 light lift helicopters
Slide 12: Infrastructure Services
Infrastructure Services Engineering & Fiber Services Engineering • Overhead and underground transmission and distribution line design • Natural gas pipeline design • Electrical substation design • Project management Telecom/Fiber Lines • Make-ready work • Buried and aerial fiber installation • Fiber
Slide 13: Capital Expenditures
Capital Expenditures ➢ 2025 CapEx budget of $12 million(a) ➢ Growth CapEx for our equipment rentals business ➢ Maintenance CapEx for our pressure pumping business ➢ Additional growth initiatives and investments may be funded with cash on hand as opportunities arise ➢ Approaching dual fuel pump upgra
Slide 14: Investment Considerations
Investment Considerations Solid foundation for future growth ▪ Strong Balance Sheet, Debt Free and Significant Cash Position ▪ Capable of deploying capital to take advantage of growth opportunities ▪ Strategic Acquisitions & Divestitures ✓ Focused on improving financial results and reducing reliance
Slide 15: Appendix
APPENDIX APRIL 2021 14
Slide 16: 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 loss befor
Slide 17: 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: 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: 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: 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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