Propetro Holding Corp. · NYSE:PUMP
Propetro — Q1 2019 Earnings Presentation
14 slides from Propetro's earnings presentation, May 8, 2019
Slide 1: 2019 Q1 Earnings Presentation
PRO 2019 Q1 EARNINGS PRESENTATION May 7, 2019
Slide 2: Forward-Looking Statements
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 pre
Slide 3: Discussion Topics
DISCUSSION TOPICS ProPetro Permian 2019 First 2019 @1 The Unique at a Glance Basin Update Quarter Financial DuraStim® Positioning Highlights Review Difference (1) DuraStim® is a registered trademark of AF Global Corporation (“AFGlobal”) © 2019 ProPetro Holding Corp. All Rights Reserved, PROPETRO 3
Slide 4: ProPetro at a Glance
-~ << PROPETRO AT A GLANCE >) Flowback Hydraulic : F 4 Operations Fracturing Units eaening i 400% Frac Operations Permian Focused Customers Permian Concentrated + 4,415,000 HHP Spread over 27 Crews e ideavor Energy ADMIRAL HE Resources ” RESOURCE: Customer and Employee Focused PIONEER cC2OWnoUzST Bu
Slide 5: Permian Macro
PERMIAN MACRO Total U.S. Onshore Oil Directed Rig Count: 807" Healthy demand for efficient services * Driven by E&P acquisitions, attractive 43% 57% economics, and completion intensity Other Permian Basin Permian shift to manufacturing mode ¢ Driven by customer shift to multi-well Total U.S. Onshore
Slide 6: 2019 Q1 Highlights
2019 Q1 HIGHLIGHTS Consistent Financial Improvement (in $millions) $546.2 $434.0 $425.4 “ | a a Q3 2018 Q4 2018 Q1 2019 {in $millions) $69.8 509 $46.3 weumeome | [| Q3 2018 Q4 2018 Q1 2019 (in $millions) $150.3 A $103.4 sta Adj. | Q3 2018 Q4 2018 Q1 2019 (1) For a reconciliation to net income (loss)
Slide 7: 2019 Q1 Financial Highlights
2019 Q1 FINANCIAL HIGHLIGHTS 2019 Q1 Revenue Mix Revenue: $546.2 MM Adjusted EBITDA: $150.3 1% - = 99% Non- Permian Permian Diluted Earnings Per Share (EPS): $0.67 Conservative Leverage Profile: * Cash: $79.5 MM 3% 97% * Total Debt: $160.0 MM All Other Pressure Pumping * Total Liquidity: $156.1 MM (
Slide 8: Horsepower Growth and Utilization
HORSEPOWER GROWTH AND UTILIZATION 4,500,000 56% Increase in total horsepower" 510,000 total HHP additions 4,250,000 Growth & utilization driven by improvements in execution, efficiency and 1,000,000 customer collaboration 750,000 Continue to maintain industry leading utilization 500,000 Consistent p
Slide 9: Unique Technology Opportunities
UNIQUE TECHNOLOGY OPPORTUNITIES created by reliable wellsite performance that earns customer trust Lh, = _— Ss Consistently earning FEHHOIRg IES Desire to improve Pushing to be customer trust Trust of customers allows project economics up better stewards of for unique opportunities and down the valu
Slide 10: DuraStim Provides Potential Benefits Up and Down the Value Chain
DURASTIM PROVIDES POTENTIAL BENEFITS UP AND DOWN THE VALUE CHAIN © 2019 ProPetro Holding Corp. All Rights Reserved, Fuel Cost Conversion from diesel to natural gas electric power | Conventional Conventional DuraStim Diesel Electric Electric General Supplies / Maintenance Capex Fewer moving parts = f
Slide 11: Uniquely Positioned for Success
UNIQUELY POSITIONED FOR SUCCESS AN i> Sie 0-0-0) EA Full Calendar a Permian Focus Blue Chip Customers Superior Performance Positioned in the low cost basin with sector leading operating scale Large drilling inventories and sizeable rig programs Consistently outperforming the competition on location
Slide 12: Appendix
APPENDIX
Slide 13: Adjusted EBITDA Reconciliation
ADJUSTED EBITDA RECONCILIATION Reconciliation of Net Income (Loss) to Adjusted EBITDA Three Months Ended ($in Thousands) March 31, 2019 December 31, 2018 Net income (loss) Depreciation and amortization Interest expense Income tax expense Loss on Disposal of assets Stock-based compensation Other expe
Slide 14: Contact
CONTACT ab b al &P 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 © 2019 ProPetro Holding Corp. All Rights Reserved, PROPETRO we