2017 Q3 Earnings Presentation November 2, 2017 NYSE: PUMP www.propetroservices.com
DISCUSSION TOPICS n ProPetro at a Glance n Permian Basin Update n 2017 Q3 Highlights n 2017 Q3 Financial Review n Fleet Expansion Initiative n Unique Positioning n Outlook 3
OVERVIEW n 100% Frac Operations n Permian Focused Customers Permian Concentrated 735,000 HHP Spread over 17 Crews(1) n Over 7x Organic HHP Growth Since 2013(2) n Customer and Employee Focused Business Model 17 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 Q3 HIGHLIGHTS n Significant financial improvement in 2017 (in millions) Revenue Adj. EBITDA(1) Net Income % Adj. EBITDA 9.4 % 14.4 % 16.9 % 282.7 Margin(2) 22.0 47.8 213.5 4.9 171.9 30.7 16.2 (24.4) Q1 Q2 Q3 Q1 Q2 Q3…
2017 Q3 FINANCIAL HIGHLIGHTS n Revenue: 282.7 MM n Adjusted EBITDA: 47.8 MM n Diluted Earnings Per Share (EPS): 0.25 n Conservative Leverage Profile(1) Cash: 51.0 MM Total Debt: 41.9 MM Total Liquidity: 176.0 MM (2) 2017 Q3…
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 n Modern Homogeneous Fleet 85% of current fleet built by single manufacturer since 2013 800,000 n 90% of Fleet Currently Works 24/7 700,000 n Fully Maintained Through the Downturn 600,000 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
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…
ADJUSTED EBITDA RECONCILIATION (in millions) Three Months Ended September 30, 2017 Three Months Ended June 30, 2017 Pressure Pressure Pumping All Other Total Pumping All Other Total Net Income (Loss) 28,372 (6,407) 21,965 9,633…
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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