2018 Full Year and 4Q Earnings Presentation February 27, 2019 NYSE: PUMP www.propetroservices.com
DISCUSSION TOPICS ProPetro at a Glance Permian Basin Update 2018 Full Year and Q4 Highlights 2018 Q4 Financial Review Unique Positioning 3
PROPETRO AT A GLANCE 100% Frac Operations Permian Focused Customers Permian Concentrated 1,415,000 HHP Spread over 28 Crews Customer and Employee Focused Business Model Highly Utilized Fleet Including a 10 year strategic,…
PERMIAN MACRO Healthy demand for efficient services Driven by E&P acquisitions, attractive economics, and completion intensity Permian shift to manufacturing mode Driven by customer shift to multi-well pad development Short supply…
2018 FULL YEAR AND Q4 HIGHLIGHTS Consistent Financial Improvement Revenue (MM) Net Income (MM) Adj. EBITDA (MM) (1) 173 1,705.6 13 981.9 436.9 (53) 2016 2017 2018 2016 2017 2018 Industry leading utilization - Exited Q4…
2018 Q4 FINANCIAL HIGHLIGHTS Revenue: 425.4 MM Adjusted EBITDA: 112.4 MM Diluted Earnings Per Share (EPS): 0.59 Conservative Leverage Profile:(1) Cash: 132.7 MM Total Debt: 70.0 MM Total Liquidity: 257.7 MM (2) 2018 Q4 Revenue…
HORSEPOWER GROWTH AND UTILIZATION 1,500,000 56% Increase in Total Horsepower(1) 510,000 total HHP additions 1,250,000 Homogenous Fleet Fully Maintained Through the Downturn 1,000,000 Continue to Maintain Industry Leading…
UNIQUELY POSITIONED FOR SUCCESS Permian Focus Positioned in the low cost basin with sector leading operating scale Blue Chip Customers Large drilling inventories and sizeable rig programs Superior Performance Consistently…
APPENDIX 10
ADJUSTED EBITDA RECONCILIATION 11
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 12