Ranger Energy Services, Inc. · NYSE:RNGR

Ranger Energy Services — Investor Presentation (August 2019)

20 slides from Ranger Energy Services's investor presentation, August 2019

  1. Slide 1: Ranger Energy Services Corporate Presentation

    Ranger Energy Services Corporate Presentation August 2019 Ranger Energy Services © 2019

  2. Slide 2: Forward Looking Statements

    Forward Looking Statements This presentation contains various forward-looking statements and information that are based on management's current expectations and assumptions about future events. Forward-looking statements are generally accompanied by words such as "estimate," "project," "predict," "e

  3. Slide 3: Overview

    ENERGY SERVICES Overview

  4. Slide 4: Background

    Background  On August 16, 2017, Ranger completed an IPO of 5,862,069 shares at $14.50 per share which resulted in gross proceeds of $85 million.  Ranger used the proceeds of the IPO to repay its debt, fund a portion of the ESCO acquisition, pay offering fees and to put approximately $20 million of

  5. Slide 5: Operating Divisions

    Operating Divisions Ranger Operations are Reported in Three Segments:  Completion & Other Services  Primary operations include wireline (plug & perf and pump down)  Well Testing, Snubbing, Fluid Hauling and Tank Rental  Locations in Permian and DJ Basins  Well Service Rigs & Related Services 

  6. Slide 6: Investment Highlights

    ENERGY SERVICES Investment Highlights

  7. Slide 7: Investment Highlights

    Investment Highlights  Service Offerings Across The “Life of the Well”  Solutions Approach with Select Services  Deep Relationships with Blue-Chip E&P Customers Across Multiple Basins  Platform for Continued Organic and Acquisition Growth  Strong Financial Performance 7

  8. Slide 8: Service Offerings Across "Life Of the Well"

    Service Offerings Across “Life Of the Well” 8

  9. Slide 9: Wireline Completion Services

    Wireline Completion Services Typical Delaware Basin Completion Well MD: 18,000' - 21,000' Lateral Length: 8,000' - 13,000' Casing Design: 4-1/2" - 5-1/2" Stages: 30- 50 Perf Guns: 2-3/4" - 3-1/8", 3 - 4 SPF Plug & Perf Pump-Down • Exited 2Q19 with 13 units • Exited 2Q19 with eight pumps (four spread

  10. Slide 10: High-Spec Rig Completion Services

    High-Spec Rig Completion Services Long Lateral Support Equipment 10

  11. Slide 11: High-Spec Rigs

    High-Spec Rigs 1 Well Completion Support 3 Workover  Completion services utilized during and subsequent to  Major well work conducted multiple times hydraulic fracturing but prior to placing a well into throughout life of well production – Recompletion or re-frac of existing zones – Recompletion w

  12. Slide 12: High-Spec Rig Fleet

    High-Spec Rig Fleet  Ranger’s well services fleet is among the highest spec in the industry… Class HP Mast Height Mast Rating Number of Rigs 6C > 500 112’ – 117’ 300 13 5CXL > 500 116’ 250 8 5C > 500 102’ – 110’ 240 - 275 108 4C 400 - 450 96’ – 102’ 200 - 215 12 Total 141  …which has been proven o

  13. Slide 13: Processing Solutions

    Processing Solutions  Torrent is a full scale provider of gas processing and flare reduction solutions, helping customers capture NGLs, reduce VOC emissions and generate power at the wellsite  Torrent’s modules are skid mounted that do not require concrete foundations  Torrent’s rental model has

  14. Slide 14: Solutions Approach

    ENERGY SERVICES Solutions Approach

  15. Slide 15: Blue-Chip E&P Customer Base

    Blue-Chip E&P Customer Base 15

  16. Slide 16: Blue-Chip E&P Customer Base

    Blue-Chip E&P Customer Base Headquarters Field locations 16

  17. Slide 17: Financial Overview

    ENERGY SERVICES Financial Overview

  18. Slide 18: 1Q'17 to 2Q'19 Financials

    1Q’17 to 2Q’19 Financials  Revenues were $84.7 million for 2Q’19, a sequential decrease of 4% from $88.3 million in 1Q’19  Adjusted EBITDA (A Non-GAAP measure) decreased 9% to $13.1 million for 2Q’19, vs 14.3 million in 1Q’19 18

  19. Slide 19: Peer Group Common Offerings to Ranger

    Peer Group Common Offerings to Ranger While Well Service Rigs are common across the entire peer group, Ranger offers other required completion and production services, some being unique to Ranger only 19

  20. Slide 20: Peer Comparison Valuation

    Peer Comparison Valuation Pricing as of August 25, 2019 Share Price Shares Market Cap Enterprise Revenue EBITDA (includes stock Comp) Net Income Company Name ($USD) Outstanding ($MM) Total Debt Cash Value 2018A 2019E 2020E 2018A 2019E 2020E 2018A 2019E 2020E BAS Basic Energy Services $1.37 27 $37 $3

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