Select Energy Services, Inc. Credit Suisse 24th Annual Energy Summit February 10-13, 2019
Selects Value Proposition Market Leading Pure Play in Large, Growing Water Market Highly Differentiated Capital Discipline with Technology and Strategic Strong Cash Flow Infrastructure Generation Capabilities 3
U.S. Shale: Best Solution to Global Oil Demand Growth IEA Projected Future Oil Supply/Demand Balance 105 Global energy demand is estimated to grow 25% to 2040 100 U.S. shale will need to add 10 million Bbl/d to 95 meet…
Water Market Growing in Size and Complexity 2019 U.S. Water Market Estimated to be 20-25 Billion1 5% 8% 30% Injection Disposal 10% Post Frac Water Hauling U.S. water Water Storage market growing Water Treatment with…
Select Energy Services Company Snapshot Segment Overviews 9M18 Revenue by Segment1 14% Leading provider of total water solutions to the U.S. unconventional oil and gas industry Water Solutions 16% Water Comprehensive water…
Strategic Infrastructure Project Northern Delaware Pipeline Project Select recently announced the commencement of a new 25 million permanent pipeline infrastructure development in Eddy and Lea Counties in New Mexico Operations…
Growth in Financial Performance & Liquidity Quarterly Revenue1 Financial Performance Commentary1 450 4,000 400 ( in millions) 374 376 393 397 Efficiency, execution and pricing improvements 355 3,500 350 have led to increased…
Robust Cash Flow Generation with Room to Expand 9M18 Cash Flow from Operations exceeded Net Capex by 25 million1 80 ( in millions) 60 40 67.0 60.2 53.4 19.3 20 4.2 1.0 0 (6.7) (18.2) (31.1) (20) (41.0) (31.0)…
Industry Leading Customer Base in Every Basin Top Water Solutions Customers Top Oilfield Chemicals Customers Expertise/technology allow Select to provide solutions to meet the ever growing complexity of leading edge…
Differentiation through Technology Technology Capability Differentiated Results Operational visibility AquaView monitoring & Data collection measurment Quality control Decreased OpEx AquaLogic automation Increased HSE…
Strategic Infrastructure With 10+ years of operations, Select has the relationships, the asset portfolio and the balance sheet to support the ever increasing scale and complexity of the water needs of our customers with high-return,…
Growth Opportunities in Services Margin enhancement through increased Margin operational efficiency Enhancement Investments to reduce labor and expand higher- capacity equipment Enhanced technological innovation with focus on…
Growth Opportunities in Both Pre-Frac and Post-Frac Infrastructure Continuing to evaluate multiple organic projects that involve the development of fixed infrastructure connecting both: Water - Strategic water sources to E&P operator…
Strategies to Maximize Value Per Share Operational excellence and innovation/technical achievements Maximizing Free Cash Flow Disciplined approach to growth, achieve strong returns through cycles Maintain a strong…
Selects Value Proposition Market Leading Pure Play in Large, Growing Water Market Highly Differentiated Capital Discipline with Technology and Strategic Strong Cash Flow Infrastructure Generation Capabilities 16
Appendix 17
Select Corporate Profile Select Corporate Profile1 Listing and Ticker Symbol NYSE: WTTR Recent Share Price 8.92 Market Capitalization 952M Enterprise Value 1,004M Total Outstanding Shares 106.7M Average Daily Trading…
Market Leading Comprehensive Water and Chemical Solutions Company Completions-Oriented Activities Production-Oriented Activities 90% of Revenue1 10% of Revenue1 Temporary Post-Frac Water Treatment/ Transfer Recycling…
Water Represents a Critical, but Lower-Cost Input to the Frac, with Less Price Volatility Secular trends driving demand for increasingly complex and sophisticated water solutions Water is a critical component of a successful well…
Select is a Proven Partner Meeting the Complexity Demanded in Todays Oilfield Technology Scale Expansive suite of remote monitoring and Largest water solutions service provider in the automation technologies within our oil and gas…
Growth in Permian Drilled but Uncompleted Wells Supports Future Growth in Completions Activity U.S. Drilled but Uncompleted (DUC) Well Inventory: Last 2 Years 9,000 8,000 7,000 Total U.S. +57% 6,000 5,303 wells to 8,594 5,000 4,000…
Scalable and Reliable Water Sourcing and Logistics Are Critical to Unconventional Production Evolution of the Oil & Gas Industrys Approach To Water Emerging Pre - 2008 2008 - 2010 Current Multi-Well Pad Conventional Vertical…
Select Legal & Ownership Structure Crestview & Other Legacy Crestview Public Owners SCF Partners Owners Partners Class B Shares Class A Shares Class A Shares Class A Shares (24.4% of Voting (56.8% of (3.6% of Voting (15.2% of…
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