Mammoth Energy Services, Inc. · NASDAQ:TUSK
Mammoth Energy Services — Q3 2024 Earnings Presentation
21 slides from Mammoth Energy Services's earnings presentation, Nov 1, 2024
Slide 1: Mammoth Energy Services Investor Presentation
MAMMOTH ENERGY SERVICES INVESTOR PRESENTATION WINTER 2024 (NASDAQ: TUSK) December 2018
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 Oil & Gas and Infrastructure T&D Expertise Chief Executive Officer since the Company’s formation in 2016. Previously the Chief Executive Officer of Serva Group LLC, an oilfield equipment manufacturer, as well as at Diamondback Energy Services, Inc., an energy se
Slide 4: Mammoth Energy Services
MAMMOTH ENERGY SERVICES Mammoth is an integrated, growth-oriented energy services company: Oil & Gas Sector: provides products and services to enable the exploration and development of North American onshore unconventional oil and natural gas reserves. Infrastructure Sector: focused on the engineeri
Slide 5: PREPA Receivable Update
PREPA RECEIVABLE UPDATE October 2, 2024: Cobra Acquisitions LLC Announces Receipt of $150M from PREPA through First of Three Installments in Accordance with Settlement Agreement October 21, 2024: Cobra Announces Receipt of $18.4M from PREPA ➢ Company reached Settlement Agreement with PREPA for work
Slide 6: Q3 2024 Financial Performance
Q3 2024 FINANCIAL PERFORMANCE Revenue by Segment ($ in millions) Adj EBITDA(a) by Segment ($ in millions) $(1.7) $2.2 $(0.1) $1.6 $0.9 Consolidated Revenue Q3-24 – $40.0 million $0.6 $7.0 Q3-23 – $65.0 million $4.9 $(1.9) $(5.9) $26.0 Consolidated Adj EBITDA(a) Q3-24 – ($6.4) million Q3-23 – 13.4 mi
Slide 7: Mammoth Overview
MAMMOTH OVERVIEW Diversified Portfolio of Assets Infrastructure Services and Project Work Infrastructure revenues down 3% for Q3 2024 vs Q3 2023 - Plan to invest in additional crews and enhance engineering services capabilities - Healthy bidding environment for fiber and transmission projects and ov
Slide 8: Oilfield Services
Oilfield Services ➢ Currently have 46 Tier 2 dual fuel pumps and 7 Tier 4 dual fuel pumps ➢ Currently have one pressure pumping fleet active in Q4 and anticipate activating a second fleet before year-end APRIL 2021 7
Slide 9: 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 10: Natural Sand Proppant Services
Natural Sand Proppant Services Sold approx. 163K tons of sand in Q3 2024 vs. 352K tons in Q3 2023 Q3 2024 Plant Production (a)(b) (b) (b) Capacity Reserves Output Cost/Ton Piranha Facility 2,030 36,706 19,604 $ 35.08 Taylor Facility 1,695 23,191 140,895 $ 14.74 Muskie Facility(c) 675 N/A - - 4,400 5
Slide 11: Diversified Portfolio of Infrastructure Services
DIVERSIFIED PORTFOLIO OF INFRASTRUCTURE SERVICES Engineering, Procurement & Construction (EPC): Services & Capabilities Broad Service Capabilities & Specialized Crews Design Evaluate Develop Construct Analyze Storm Repair Project Transmission Distribution Substation Engineering Management Rapid Grow
Slide 12: Portfolio of Turnkey Services
Portfolio of Turnkey Services High Voltage Transmission/Substations/Switchyards Projects performed by combined resources of 425+ employees and 1,000+ pieces of owned equipment TUSK Margin Enhancement (Vertical Integration Services) Project Design • Design overhead transmission & distribution electri
Slide 13: High Quality Infrastructure Customer Base
HIGH QUALITY INFRASTRUCTURE CUSTOMER BASE APRIL 2021 12
Slide 14: Increased 2024 Capex Budget
Increased 2024 Capex Budget Major Projects ➢ Increase in CapEx budget will be funded with cash on hand received under the Settlement Agreement with PREPA, which Mammoth intends to use to invest in additional crews and equipment within its Infrastructure Services division ➢ Dual fuel pressure pump up
Slide 15: Appendix
APPENDIX APRIL 2021 14
Slide 16: 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 17: 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 18: 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 19: 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 20: Appendix: Drilling Services Adjusted EBITDA Reconciliation
Appendix: Drilling 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 incom
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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