Investor Presentation September 2018 Keane Group: Investor Presentation 0
Keane At a Glance Market leading, returns-focused, integrated provider of value-added U.S. land completion services Significant scale with fleet totaling 1.4 million HHP1 Completions Services High quality fleet of modern,…
Investment Drivers & Value Proposition Positioned for leading execution and value creation 1.4 million hydraulic horsepower creates scale and competitive advantage Strategic Diversification across oil and gas activity; extensive…
Track Record of Execution Proven ability to deliver leading results Keanes Execution Dedicated agreements on 3 newbuild fleets Growing fleet at leading- Organic Growth edge pricing (GP/fleet of 20mm1); proven maintenance capex of…
Strategic Footprint Across Growth Basins Positioned across prolific U.S. basins Positioned in leading growth basins; Permian, Marcellus / Utica, Bakken and Eagle Ford Blue-chip E&Ps with robust through-cycle programs and ample…
Quality Customers & Dedicated Agreements Expanding & deepening relationships with top-tier customers Partnership model THE RESULTS Proven execution driving successful Joint Strong multi-year partnerships Aligned focus on…
Proven Execution of Strategic M&A Disciplined M&A focused on portfolio expansion & consolidation Ultra Tech Frac Services Trican Well Services December 2013 March 2016 Established initial platform in the Transformative…
RSI Acquisition Overview Latest consolidation transaction extends our M&A track record The Acquisition: Strategic Uses of RSI HHP 000s HHP Acquired 90k HHP and related support 90 equipment from Refinery Specialties, Inc. Fleet…
Industry-Leading Safety Record Safety & performance critical to winning & retaining quality customers Rolling 12 Month TRIR / Head Count TRIR Headcount 000s 7 Headcount 3.5 6 Rolling 12 Month TRIR 3.0 5 Industry Average TRIR (5…
Efficient Growth & Profitability Proven execution in fleet deployment and growth in profitability Deployment Schedule (period end) Annualized Adjusted Gross Profit Utilization ramp Full utilization per Fleet (mm) 50 20.0 50 150…
A Relentless Focus on Efficiency Efficiency is embedded in our culture Keanes Efficiency Approach Obsessively track and assess all working and non- working time for every fleet Drive efficiency improvements by leveraging data…
Market & Financial Update Fundamentals in tact, facing near-term constraint Long-term customer relationships and dedicated agreements remain strong and in tact No customer turnover; top-tier customers with robust capital budgets and…
Proven Capital Return Execution Returning value to shareholders through share repurchases Keanes Capital Allocation Priorities 52mm completed through Capital Balance August 2018 Return Growth Sheet MM 140 Program supported by…
Conservative Balance Sheet Strong, flexible balance sheet supports both offense & defense Period ending Strong balance sheet In mm 6/30/2018 Leverage ratio…
Strength Across Key Financial Metrics Proven ability to deliver Average Deployed Fleets Annualized Revenue per Fleet (mm)1 -------------- Fully utilized -------------- 26.3 +11% 26.0 26.0 86.7 75.9 76.2 78.1 24.7 3Q17 4Q17…
Creating Shareholder Value Optimizing shareholder returns via strategic capital allocation 1 2 3 Capital Organic M&A Return Harvest portfolio of frac Proven ability to execute Initiated stock repurchase fleets under…
APPENDIX Keane Group: Investor Presentation 18
Adjusted EBITDA & Adjusted Gross Profit Non-GAAP Reconciliation (2Q18) Three Months Ended June 30, 2018 Completion Other Corporate and Total Services Services Other Net Income (loss) 75,694 (1,716) (43,311) 30,667 Interest…
Adjusted EBITDA & Adjusted Gross Profit Non-GAAP Reconciliation (1Q18) Three Months Ended March 31, 2018 Completion Other Corporate and Total Services Services Other Net Income (loss) 54,265 (2,177) (60,331) (8,243) Interest…
Adjusted EBITDA & Adjusted Gross Profit Non-GAAP Reconciliation (4Q17) Three Months Ended December 31, 2017 Completion Other Corporate and Total Services Services Other Net Income (loss) 65,885 1,697 (23,635) 43,947 Interest…
Adjusted EBITDA & Adjusted Gross Profit Non-GAAP Reconciliation (3Q17) Three Months Ended September 30, 2017 Completion Other Corporate and Total Services Services Other Net Income (loss) 42,362 1,055 (39,352) 4,065 Interest…
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