Slide 1: Q2 2022 Investor Presentation
Q2 2022 INVESTOR PRESENTATION August 2, 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 2010 2019 2020 2022 Begins hydraulic Completes Pioneer Electrically 1.3 million HHP Teamwork & fracturing operations Pressure Pumpin
Slide 4: Capital Migrates to the Permian
CAPITAL MIGRATES TO THE PERMIAN Over $75 billion in Permian E&P transactions since 2018 Notable Transactions Announced Recent Permian Upstream Transactions Date Buyer Value ($MM) 5/19/2022 Centennial / Colgate $7,000 $7bn $3bn $13bn $7bn 12/31/2021 Continental Resources $3,250 10/1/2021 Coterra Ener
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 • We continue to invest in natural
Slide 6: 2Q22 Financial Highlights
2Q22 FINANCIAL HIGHLIGHTS Revenue: $315 million, increased 11% vs. Focused Revenue Mix 1Q22 Net Loss: $33 million 1% 99% Non- Permian Adj. EBITDA: $76 million(2) or 24% of revenues, Permian increased 13% vs. 1Q22 Free Cash Flow: $1 million(3) Durable Capital Structure: • Cash: $70 million 2% 98% • T
Slide 7: Financial Trends
FINANCIAL TRENDS (in millions) $315 $283 $250 $246 Prudent approach to increased utilization • Capital-efficient growth through disciplined fleet deployments, Revenue improved pricing, and efficient operations • Effective utilization of 14.8 fleets in 2Q22 3Q21 4Q21 1Q22 2Q22 • Expect to start 2023
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 June 30, 2022 March 31, 2022 December 31, 2021 September 30, 2021 (in thousands) Net Cash from Operating Activities $ 78,138 $ 25,170 $ 45,455 $ 47,779 Net Cash used in Investing Activities $ (77,520) $ (64,048) $ (18,743) $ (34,629) Free Cash Flow $ 618 $
Slide 12: Contact Information
CONTACT INFORMATION Investor Relations David Schorlemer, Chief Financial Officer Corporate david.schorlemer@propetroservices.com Direct 432.688.0012 Headquarters Matt Augustine, Investor Relations 1706 South Midkiff Road matt.augustine@propetroservices.com Midland, TX 79701 Direct 432.848.0871 432.6