Barclays CEO Energy-Power Conference September 5-7, 2017 NYSE: PUMP www.propetroservices.com
DISCUSSION TOPICS n ProPetro at a Glance n Permian Basin Update n 2017 Q2 Highlights n 2017 Q2 Financial Review n Fleet Expansion Initiative n Unique Positioning n Outlook 3
OVERVIEW n 100% Frac Operations n Permian Focused Customers Permian Concentrated 690,000 HHP* Spread over 16 Crews n Over 7x Organic HHP Growth Since 2013(1) n Customer and Employee Focused Business Model 16 Hydraulic 14…
PERMIAN MACRO n Healthy Frac Demand Outpacing HHP Capacity Driven by Recent E&P Acquisitions and Attractive Economics n Increasing Pricing Leverage for Services Driven by Rig Activity and Short Supply of HHP Capacity n Mature and…
2017 Q2 HIGHLIGHTS n Significant financial improvement vs Q1 - Revenue of 213.5 MM (24% increase) - Net income of 4.9 MM - Adjusted EBITDA of 30.7 MM (89% higher) - Adjusted EBITDA margin grew to 14% from 9% n Continued frac fleet…
2017 Q2 FINANCIAL HIGHLIGHTS n Revenue: 213.5 MM n EPS: 0.06 n Adjusted EBITDA: 30.7 MM n Conservative Leverage Profile(1) Cash: 25.1 MM Total Debt: 16.5 MM Total Liquidity: 175.1MM (2) 2017 Q2 Revenue Mix Non- All Other…
FLEET EXPANSION Due to strong Permian demand within our superior customer base, we will continue to expand our operations while maintaining industry leading performance. - Dale Redman, CEO n Hydraulic Fracturing (690,000 HHP by Year…
HORSEPOWER GROWTH AND UTILIZATION 700,000 n Modern Homogeneous Fleet 85% of Current Fleet Built by Single Manufacturer Since 2013 600,000 n 91% of Fleet Currently Works 24/7 500,000 n Fully Maintained Through the Downturn n No…
UNIQUELY POSITIONED FOR SUCCESS n Permian Focus Positioned in the low cost basin n Blue Chip Customers Large drilling inventories and sizeable rig programs n Superior Performance Consistently outperforming the competition on location…
APPENDIX 11
CONSOLIDATED & SEGMENT FINANCIALS 12
RECONCILIATION OF ADJUSTED EBITDA 13
CONTACT Corporate Headquarters: 1706 S. Midkiff, Bldg. B Midland, TX 79701 432.688.0012 www.propetroservices.com Investor Relations: Sam Sledge sam.sledgepropetroservices.com Office Direct 432.253.5111 14
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