Propetro Holding Corp. · NYSE:PUMP
Propetro — Q1 2022 Earnings Presentation
12 slides from Propetro's earnings presentation, May 4, 2022
Slide 1: Q1 2022 Investor Presentation
Q1 2022 INVESTOR PRESENTATION May 3, 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 100% Sustainability Customer Focused 0.54 Investments Team Driven Full Year 2021 TRIR Concentration of Frac Operations in the Permian Accelerating 2019 2010 Announces initial 2020 2022 Teamwork & Begins hydraulic phase of electric Electrically 1.4 million HHP fracturing operatio
Slide 4: Capital Migrates to the Permian
CAPITAL MIGRATES 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: 1Q22 Financial Highlights
1Q22 FINANCIAL HIGHLIGHTS Revenue: $283 million, increased 15% vs. Focused Revenue Mix 4Q21 Net Income: $12 million 1% 99% Non- Permian Adj. EBITDA: $67 million(2) or 24% of revenues, Permian increased 81% vs. 4Q21 Free Cash Flow: $(39) million(3) Durable Capital Structure: • Cash: $71 million 2% 98
Slide 7: Financial Trends
FINANCIAL TRENDS (in millions) $250 $246 $283 Prudent approach to utilization $217 • Capital-efficient growth through disciplined fleet deployments, improved pricing, and efficient operations Revenue • Effective utilization of 13.7 fleets in 1Q22 2Q21 3Q21 4Q21 1Q22 • Investing in natural gas-powere
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 March 31, 2022 December 31, 2021 September 30, 2021 June 30, 2021 (in thousands) Net Cash from Operating Activities $ 25,170 $ 45,455 $ 47,779 $ 44,472 Net Cash used in Investing Activities $ (64,048) $ (18,743) $ (34,629) $ (28,650) Free Cash Flow $ (38,8
Slide 12: Contact Information
CONTACT INFORMATION Investor Relations Josh Jones, Director of Finance Corporate josh.jones@propetroservices.com Direct 432.276.3389 Headquarters Matt Augustine, Investor Relations 1706 South Midkiff Road matt.augustine@propetroservices.com Midland, TX 79701 Direct 432.848.0871 432.688.0012 www.prop