Scotia Howard Weil Annual Energy Conference New Orleans, Louisiana March 28, 2018
Company Overview Well Services 95% Q4 2017 Revenue Contribution by Segment Processing Solutions 5% Ranger focused on the high-spec service rig market : fleet designed for modern unconventional horizontal wells Ranger…
Key Market Trends A Modern Well Design Necessitates High-Spec Service Rigs B Demand Growing Along with Horizontal Completion and Production Spending 4
A Production Market The contribution from horizontal wells completed more than 3 years ago, which include wells most likely to require workover and maintenance activity, represented 16% of total U.S. production in 2016 (up from 4% in…
A Market Trends Favor Longer Lateral Horizontal Wells Percentage of Quarterly Horizontal Wells by Lateral Length High-Spec Rig Requirements for Extended Lateral Wells High-Spec Rig Requirements for Extended Lateral Wells…
Key Investment Highlights Full-Cycle Well Services Offering Facilitates Operations Across Life of the Well Solutions Approach with Service Offerings Across the Value Chain Deep Relationships with Blue-Chip E&P Customers Across…
Ranger Solutions Approach Across Full Life of Well 1 Well Completion Support 3 Workover Completion services utilized during and subsequent to Major well work conducted multiple times throughout life of well hydraulic fracturing but…
Well Completion Support Drillout Process Height Requirement String Weight Historical operations have utilized up to 6 distinct service providers to execute the drillout process and overcome the challenges listed Surface Plug…
Well Completion Support Ranger Drillout Solution High Spec Rigs Height Requirement String Weight Rig-Assist Snubbing Units Drag Forces Hydraulic Forces HT Power Swivels Rotational Forces 600/1000 HP Pumps Hole Cleaning…
High-Spec Rigs Lead to High Utilization 99% 100% 12% 11% 28% 40% 143 High- 125 High- 50 High- 50 High- 250 High- 40 High- High-spec % of Spec Rigs Spec Rigs Spec Rigs Spec Rigs Spec Rigs Spec Rigs total service rig inventory(1)…
Blue-Chip Customer Base Headquarters Field locations(1) (1) Ranger combined consolidated revenues Q3-17 excluding Torrent 13
Proprietary Processing Solutions Critical Bridge Rangers modular processing equipment provides critical midstream functions in basins where D&C activity has outpaced infrastructure buildout Rangers proprietary equipment is designed…
Platform for Organic and Acquisition Growth Organic Growth Acquisition Growth Mallard Completions brand organic startup yielding early Rangers criteria for attractive acquisition candidates: success through high demand, flawless…
2017 Q4 Results Revenues were 50.1 million for the three months ended December 31, 2017, a sequential increase of 22% from 41.1 million in Q3 2017. Operating loss of 5.2 million for Q4 from a loss of 4.8 million in the prior…
Financial Philosophy Committed to maintaining a conservative balance sheet No bank debt post-IPO with 7M seller note High level of liquidity with a 50M bank ABL facility Preserve sufficient liquidity to operate the business and…
Appendix Privileged & Strictly Confidential
Our History Founding of Bayou Workover Services (Bayou) ESCO Acquisition(1) Founding of Ranger Energy 2010 Holdings, LLC 2017 Contributed well services, 2014 Contributed well services to decommissioning and fluid Ranger…
Utilization Calculation We measure rig utilization by total monthly rig hours worked in a particular period per rig in service, which we refer to as our average hours per rig Mid-month convention: A rig placed into service during a…
Well Service Rig Fleet Overview Ranger has a modern fleet of high-spec well service rigs(1) More than one third of the fleet has been built since 2014 81% of Rangers fleet has an operating capacity of 500 HP or more Ranger Well…
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