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4Q 2017 and Full Year Earnings Presentation – ProPetro Holding Corp.

ProPetro Holding Corp. · Mar 27, 2018 · 12 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 4Q 2017 and Full Year Earnings Presentation – ProPetro Holding Corp. – slide 1
    2017 Q4 & Full Year Earnings Presentation March 27, 2018 NYSE: PUMP www.propetroservices.com
  2. 4Q 2017 and Full Year Earnings Presentation – ProPetro Holding Corp. – slide 2
    DISCUSSION TOPICS n ProPetro at a Glance n Permian Basin Update n 2017 Full Year and Quarterly Highlights n 2017 Q4 Financial Review n Fleet Expansion Initiative n Unique Positioning n Outlook 3
  3. 4Q 2017 and Full Year Earnings Presentation – ProPetro Holding Corp. – slide 3
    OVERVIEW n 100% Frac Operations n Permian Focused Customers Permian Concentrated 905,000 HHP(1) Spread over 20 Crews n Over 8x Organic HHP Growth Since 2013(2) n Customer and Employee Focused Business Model 20 Hydraulic 18…
  4. 4Q 2017 and Full Year Earnings Presentation – ProPetro Holding Corp. – slide 4
    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…
  5. 4Q 2017 and Full Year Earnings Presentation – ProPetro Holding Corp. – slide 5
    2017 FULL YEAR HIGHLIGHTS n Significant financial improvement over 2016 Revenue (MM) Adj. EBITDA (MM) Net Income (MM) Adjusted EBITDA Margin n Continued frac fleet utilization of 100% n Exited 2017 with 16 deployed fleets n Grew…
  6. 4Q 2017 and Full Year Earnings Presentation – ProPetro Holding Corp. – slide 6
    2017 QUARTERLY HIGHLIGHTS n Solid quarterly financial performance during 2017 Revenue (MM) Adj. EBITDA (MM) n 2017 Q4 n Deployed one new-build fleet (45,000 HHP) n Frac fleet remained 100% utilized n Completed conversion of…
  7. 4Q 2017 and Full Year Earnings Presentation – ProPetro Holding Corp. – slide 7
    2017 Q4 FINANCIAL HIGHLIGHTS n Revenue: 313.7 MM n Adjusted EBITDA: 42.8 MM n EPS: 0.12 n Conservative Leverage Profile(1) Cash: 23.9 MM Total Debt: 72.9 MM Total Liquidity: 103.0 MM(2) 2017 Q4 Revenue Mix All Other Non- 3%…
  8. 4Q 2017 and Full Year Earnings Presentation – ProPetro Holding Corp. – slide 8
    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 Period End HHP Capacity…
  9. 4Q 2017 and Full Year Earnings Presentation – ProPetro Holding Corp. – slide 9
    HORSEPOWER GROWTH AND UTILIZATION 900000 n Modern Homogeneous Fleet 800000 89% of current fleet built by single manufacturer since 2013 700000 n 83% of Fleet Currently Works 24/7 600000 n Fully Maintained Through the Downturn n No…
  10. 4Q 2017 and Full Year Earnings Presentation – ProPetro Holding Corp. – slide 10
    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…
  11. 4Q 2017 and Full Year Earnings Presentation – ProPetro Holding Corp. – slide 11
    APPENDIX 12
  12. 4Q 2017 and Full Year Earnings Presentation – ProPetro Holding Corp. – slide 12
    ADJUSTED EBITDA RECONCILIATION 2017 Q1 2017 Q2 2017 Q3 2017 Q4 2017 FY 2016 FY ( in thousands) Net income (loss) (24,351) 4,921 21,965 10,078 12,613 (53,147) Depreciation and amortization 11,151 12,706 14,745 17,026 55,628…

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