2017 Q2 Earnings Presentation August 9, 2017 NYSE: PUMP www.propetroservices.com
DISCUSSION TOPICS n Permian Basin Update n 2017 Q2 Operational Highlights n Fleet Expansion Initiative n 2017 Q2 Financial Review n 2017 Capital Spending and Related Economics n Outlook 3
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…
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…
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…
CONSOLIDATED & SEGMENT FINANCIALS 8
2017 CAP-EX SPENDING & ECONOMICS (in millions) Description FYE 17 6 New Frac Fleets (less one 2016 deposit) 165 - 170 Additional Tier 2 Engines 32 - 37 Non-Frac Growth 6 - 8 Maintenance CapEx 65 - 75 Total 270 - 290 n Equipment…
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
RECONCILIATION OF ADJUSTED EBITDA 12
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 13
Loading...
