Mammoth Energy Services, Inc. · NASDAQ:TUSK
Mammoth Energy Services — Q4 2024 Earnings Presentation
21 slides from Mammoth Energy Services's earnings presentation, Mar 7, 2025
Slide 1: Mammoth Energy Services Investor Presentation
MAMMOTH ENERGY SERVICES INVESTOR PRESENTATION December 2018 SPRING 2025 (NASDAQ: TUSK)
Slide 2: Forward-Looking and Cautionary Statements
Forward-Looking and Cautionary Statements The information in this investor presentation of Mammoth Energy Services, Inc. (“Mammoth” or “Mammoth Energy”) includes “forward-looking statements.” All statements, other than statements of historical facts that address activities, events or developments th
Slide 3: Experienced Management Team
EXPERIENCED MANAGEMENT TEAM Extensive Energy and Infrastructure Expertise Chief Executive Officer since January 2025. Previously served as the interim President of Cobra Acquisitions LLC, Higher Power Electrical LLC, and 5 Star Electric LLC, Mammoth’s infrastructure subsidiaries. Prior to these posi
Slide 4: Mammoth at a Glance
MAMMOTH AT A GLANCE A differentiated portfolio of services and products to areas of growth within the energy sector ▪ Infrastructure Services ▪ Natural Sand and Proppant Services ▪ Well Completion Services ▪ Other Energy Services Q4-24 Revenue $82 million of of $53.2 million Cash on Hand Strong as o
Slide 5: Compelling Valuation
Compelling Valuation Mammoth Market Capitalization: Stock Price as of 3/6/2025: $2.15 Shares Outstanding as of 3/6/2025: 48,127,369 Current Market Cap: $103.5 million Appraised Value of Property and Equipment: $190 million(1) Cash on Hand as of December 31, 2024: $82 million(2) 1) Independent apprai
Slide 6: Q4 2024 Financial Performance
Q4 2024 FINANCIAL PERFORMANCE ‒ Revenue increased 33% sequentially ‒ Adjusted EBITDA improved 26% sequentially ‒ Net Income increased 36% sequentially ‒ EPS increased 36% sequentially Revenue by Segment ($ in millions) Percent Contribution of Q4-24 Revenue(1) $(1.7) $6.2 11.3% $15.8 9.3% 28.7% $5.1
Slide 7: Portfolio of Services Review
Portfolio of Services Review APRIL 2021 6
Slide 8: Diversified Portfolio of Infrastructure Services
DIVERSIFIED PORTFOLIO OF INFRASTRUCTURE SERVICES Engineering, Procurement & Construction (EPC) Broad Service Capabilities & Specialized Crews Design Evaluate Develop Construct Analyze Storm Project Transmission Distribution Substation Engineering Repair Management Rapid Growth Infrastructure Project
Slide 9: Portfolio of Turnkey Services
Portfolio of Turnkey Services High Voltage Transmission/Substations/Switchyards Projects performed by combined resources of 450+ employees and 1,000+ pieces of owned equipment TUSK Margin Enhancement (Vertical Integration Services) Project Design • Design overhead transmission & distribution electri
Slide 10: High Quality Infrastructure Customer Base
HIGH QUALITY INFRASTRUCTURE CUSTOMER BASE APRIL 2021 9
Slide 11: Natural Sand Proppant Services
Natural Sand Proppant Services ➢ Own three sand facilities in Wisconsin(a) with access to all major Class One railroads ➢ High quality Jordan Substrate and Wonewoc Sandstone frac sand with approx. 4.4M(a) tons per annum capacity ➢ Own or control destination transloads in multiple basins with unit tr
Slide 12: Natural Sand Proppant Services
Natural Sand Proppant Services Sold approx. 129K tons of sand in Q4 2024 vs. 104K tons in Q4 2023 Q4 2024 Plant Production (a)(b) (b) (b) Capacity Reserves Output Cost/Ton Piranha Facility 2,030 36,650 678 $ 67.22 Taylor Facility 1,695 22,633 107,229 $ 15.72 Muskie Facility(c) 675 N/A - - 4,400 59,2
Slide 13: Oilfield Services
Oilfield Services ➢ Currently have 44 Tier 2 dual fuel pumps and 11 Tier 4 dual fuel pumps ➢ Currently have one pressure pumping fleet active in Q1 and anticipate activating a second fleet before quarter- end APRIL 2021 12
Slide 14: Capital Expenditures
Capital Expenditures ➢ 2025 CapEx budget of $12 million(a) ➢ Growth CapEx for our equipment rentals business ➢ Maintenance CapEx for our pressure pumping business ➢ Additional growth initiatives and investments may be funded with cash on hand as opportunities arise ➢ Dual fuel pump upgrades ➢ Final
Slide 15: Investment Considerations
Investment Considerations Solid foundation for future growth ▪ Strong Balance Sheet, Debt Free and Significant Cash Position ▪ Capable of deploying capital to take advantage of near-term growth opportunities ▪ Strategic Acquisitions & Divestitures ✓ Focused on improving financial results and reducin
Slide 16: Appendix
APPENDIX APRIL 2021 15
Slide 17: Appendix: Consolidated Adjusted EBITDA Reconciliation
Appendix: Consolidated Adjusted EBITDA Reconciliation Adjusted EBITDA is a supplemental non-GAAP financial measure that is used by management and external users of our financial statements, such as industry analysts, investors, lenders and rating agencies. We define Adjusted EBITDA as net income or
Slide 18: Appendix: Well Completion Services Adjusted EBITDA Reconciliation
Appendix: Well Completion Services Adjusted EBITDA Reconciliation Adjusted EBITDA is a supplemental non-GAAP financial measure that is used by management and external users of our financial statements, such as industry analysts, investors, lenders and rating agencies. We define Adjusted EBITDA as ne
Slide 19: Appendix: Infrastructure Services Adjusted EBITDA Reconciliation
Appendix: Infrastructure Services Adjusted EBITDA Reconciliation Adjusted EBITDA is a supplemental non-GAAP financial measure that is used by management and external users of our financial statements, such as industry analysts, investors, lenders and rating agencies. We define Adjusted EBITDA as net
Slide 20: Appendix: Natural Sand Proppant Services Adjusted EBITDA Reconciliation
Appendix: Natural Sand Proppant Services Adjusted EBITDA Reconciliation Adjusted EBITDA is a supplemental non-GAAP financial measure that is used by management and external users of our financial statements, such as industry analysts, investors, lenders and rating agencies. We define Adjusted EBITDA
Slide 21: Appendix: Other Services Adjusted EBITDA Reconciliation
Appendix: Other Services(a) Adjusted EBITDA Reconciliation Adjusted EBITDA is a supplemental non-GAAP financial measure that is used by management and external users of our financial statements, such as industry analysts, investors, lenders and rating agencies. We define Adjusted EBITDA as net incom
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