Propetro Holding Corp. · NYSE:PUMP
Propetro — Q3 2021 Earnings Presentation
12 slides from Propetro's earnings presentation, Nov 3, 2021
Slide 1: Q3 2021 Investor Presentation
Q3 2021 INVESTOR PRESENTATION November 2, 2021
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 0.49 100% Sustainability Team Driven Full Year 2020 TRIR Concentration of Frac Investments 38% lower than 2019 Industry Average Operations in the Permian 2010 2017 2020 2021 Begins hydraulic Initial Electrically 1.4 million HHP Teamwork & fracturing operations p
Slide 4: Capital Migrating to Our Backyard
CAPITAL MIGRATING TO OUR BACKYARD Over $70 billion in Permian E&P transactions since 2018 Notable Transactions Announced Date Buyer Value ($MM) 10/1/21 Coterra Energy $7,400 Recent Permian Upstream Transactions 9/20/21 ConocoPhillips $9,500 4/1/21 Pioneer Natural Resources $6,400 $3bn 10/20/20 Pione
Slide 5: Positioning for a Cleaner Future
POSITIONING FOR A CLEANER FUTURE Displacing Conventional Diesel Fleets with Tier IV DGB Dual Fuel Equipment (pictured left) Hydraulic Horsepower (HHP) Composition through Conversions and New-Build Purchases and DuraStim Electric-Powered (pictured right) YE2020 Conventional Diesel (1) YE2021 Conventi
Slide 6: 3Q21 Financial Highlights
3Q21 FINANCIAL HIGHLIGHTS Revenue: $250 million, increased 15% vs. Focused Revenue Mix 2Q21 Net Loss: $5 million 1% 99% Non- Permian Adj. EBITDA: $42 million(1), increased 18% vs. Permian 2Q21 Free Cash Flow: $13 million(2) Durable Capital Structure: • Cash: $85 million 2% 98% • Total Debt: $0 All O
Slide 7: Financial Trends
FINANCIAL TRENDS (in millions) $250 Prudent approach to utilization $217 $154 $162 • Effective utilization of 13.8 fleets in 3Q21 Revenue • Deploying 90,000 HHP of Tier IV DGB by YE 2021 ◦ Purchased and deployed 50,000 HHP of new-build Tier IV DGB Dual-Fuel 4Q20 1Q21 2Q21 3Q21 ◦ Converted 40,000 HHP
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
PROPETRO Appendix
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 September 30, 2021 June 30, 2021 March 31, 2021 December 31, 2020 (in thousands) Net Cash from Operating Activities $ 47,779 $ 44,472 $ 17,008 $ 21,098 Net Cash used in Investing Activities $ (34,629) $ (28,650) $ (22,270) $ (12,038) Free Cash Flow $ 13,15
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 © 2021 ProPetro Holding Corp. All Rights Reserved. 12