Profrac Holding Corp. · NASDAQ:ACDC
Profrac — Merger or Acquisition (December 2022)
14 slides from Profrac's merger presentation, Dec 28, 2022
Slide 1: M&A and Strategy Update
Exhibit 99.2 M&A and Strategy Update w w w . P F H o l d i n g s C o r p . c o m D e c e m b e r 2 7 , 2 0 2 2
Slide 2: Safe Harbor Forward Looking Statement
2 Safe Harbor Forward Looking Statement Certain statements in this presentation may be considered “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. In some cases, the reader can identify forward-looking statements
Slide 3: We are Building the Premier Vertically-Integrated Energy Services Company
3 We are Building the Premier Vertically- Integrated Energy Services Company ProFrac is a growth-oriented, vertically integrated, and innovation-driven energy services company providing hydraulic fracturing, completion services, and other complementary products and services to leading upstream oil a
Slide 4: M&A Enhances Vertical Integration Strategy
4 M&A Enhances Vertical Integration Strategy ProFrac has entered into an agreement to acquire Performance Proppants in an all-cash transaction for $475 million ▪ Acquisition expected to add 10.4 million tons of nameplate production capacity in the Haynesville ▪ ProFrac plans to finance transaction w
Slide 5: ProFrac is Expanding Proppant Production Across Key Pressure Pumping Areas
5 ProFrac is Expanding Proppant Production Across Key Pressure Pumping Areas ▪ Acquiring high-quality, strategically-located assets and optimizing efficiency is expected to help satisfy high levels of baseload demand from ProFrac fleets ▪ Creates complementary offering of sand and chemicals across a
Slide 6: Strategic Assets with Optimized Logistics
6 Strategic Assets with Optimized Logistics A ▪ 3.2mmtpy nameplate capacity ▪ 26,500 tons vertical storage ▪ ~75 miles from key customers River Ridge ▪ 4 dedicated truck loadouts A ▪ Less than 6 minute load time on scales C B ▪ 1.8mmtpy nameplate capacity ▪ 16,000 tons vertical storage D ▪ ~75 miles
Slide 7: ProFrac has closed on its recently announced acquisition of Monarch
7 ProFrac has closed on its recently announced acquisition of Monarch Overview of Monarch Key Transaction Highlights ▪ Approximately 4mmtpy nameplate capacity ▪ Ideal geographic positioning to serve the Eagle Ford High-Quality, mine located on a 735 acre site 2.5 miles ▪ Premium equipment at wet pla
Slide 8: Monarch is Strategically Located in Close Proximity to Key Eagle Ford Activity Hub
8 Monarch is Strategically Located in Close Proximity to Key Eagle Ford Activity Hub ▪ Proximity to drilling and completion activity and local infrastructure is critical to the value of an in-basin sand mine ▪ Monarch is located in south San Antonio, within 50 miles of a substantial concentration of
Slide 9: Acquisitions Offer Scale and Significant Margin Contribution
9 Acquisitions Offer Scale and Significant Margin Contribution ▪ Owning in-basin mines eliminates margin paid to proppant suppliers, minimizing leakage of value to third parties ▪ Ability to realize logistics margin on volumes sold to ProFrac or to third parties FOB wellsite offers potentially signi
Slide 10: ProFrac is Among the Largest Proppant Producers
10 ProFrac is Among the Largest Proppant Producers ─ Pro Forma for the acquisitions of Monarch and Performance Proppants, ProFrac will be among the largest proppant producers in terms of nameplate production capacity, and will have the industry’s largest in-basin production capacity ─ Ensuring suppl
Slide 11: We are Building the Premier Vertically-Integrated Energy Services Company
11 We are Building the Premier Vertically- Integrated Energy Services Company ProFrac is a growth-oriented, vertically integrated, and innovation-driven energy services company providing hydraulic fracturing, completion services, and other complementary products and services to leading upstream oil
Slide 12: Tuck-In Pressure Pumping Acquisition Reinforces Acquire, Retire, Replace Strategy
12 Tuck-In Pressure Pumping Acquisition Reinforces Acquire, Retire, Replace Strategy REV Energy Services Key Transaction Highlights ▪ Headquartered in Denver, CO ▪ Total transaction value of $140mm ▪ 3 modern fleets with primarily conventional Tier IV ▪ $70mm in newly issued ACDC Class B common pump
Slide 13: ProFrac Investment Highlights
13 ProFrac Investment Highlights High Performing Pressure Pumping Fleets that have Consistently Outperformed Peers Focused on Cash Flow and Efficiency ✓ Vertically Integrated Platform with In-House Manufacturing and Sand Production Enhance Efficiency and Profitability by Controlling More of the Pad
Slide 14: Slide 14
ProFrac Holding — Merger or Acquisition (December 2022) on 6ix