Investor Presentation March 2019 NYSE: LBRT www.LibertyFrac.com
Liberty Snapshot Liberty: The Facts Market leading, returnsfocused provider of Williston Basin hydraulic fracturing services with demonstrably superior financial performance Powder River Basin 13 Fleets Relentless pursuit of…
Where we play Hydraulic Fracturing Frac enables production from unconventional reservoirs Largest single component of well capital spend Total estimated 2018 lower 48 drilling and completion capex spend1: 90 Billion…
2018 Financial Highlights Driving Profitable Growth MM's except Per Share and Fleet numbers 2018 2017 Yr vs Yr. IPO in January 2018 Revenue 2,155 1,490 45% Net Income Before Tax 289 169 72% Revenues 2.16B up 45% Fully Diluted EPS…
2018 Cash Flow and Shareholder Returns Cash Taxes & Interest Increase in Returns to 6% Working Capital Shareholders 2018 Adjusted EBITDA of 438M 5% 18% Cash to Balance Sheet 2018 Capex of 272M 13% 175M in 2019 Debt…
ReturnsFocused Company PreTax Return on Capital Employed (ROCE)(1) LTM 4Q18 Superior Returns on Capital Meticulous Focus on Frac and Frac Only Highly Profitable Operating Structure Disciplined Capital Investment Industry…
Shale Revolution 12,000 Technological 100 Years of US Oil Production Shale Oil innovations starting in the late 1990's launched 10,000 the Shale Revolution that has transformed world energy markets 8,000 Shale Revolution…
Strong Returns on Capital from Day One Cash Return on Capital Invested (CROCI)(1,2) 47% 45% 44% 43% 35% 29% 28% LBRT 7 Year avg 25% 24% S&P 500 7 Year avg (3) 19% 15% 14% 5% (1%) (5%) 2012 2013 2014 2015 2016 2017…
How We Generate Our Differential Returns People and Culture 2 Treat people right, empower employees, foster an innovation based culture, significantly lower turnover, common sense safety culture Technology Develop disruptive…
Liberty The Employer of Choice Employeecentered culture which attracts and retains high potential talent Get the best talent and you win Lower personnel turnover Zero layoffs during the downturn Safety first incident rate…
Liberty DNA: Technology Meets Execution Technology Highlights Impact Liberty FracTrends 60,000+ well database Proprietary Database Proprietary viewer and analysis tools Integrated engineering & big data approach to Fraconomics…
Partnering to Lower the Cost of a Barrel Fraconomics and Liberty FracTrends Integrated engineering & big data approach to lower a customers cost to produce a barrel of oil Proprietary inhouse software Industry leading simulation…
Relentless Focus on Operational Efficiency We track all 1,440 minutes on every fleet, Higher Throughput By Lowering NonPerforming Time (NPT) every day Example Pad Customer NPT Meticulous downtime analysis to Activity Breakdown…
Our Strategy Maximize per Share Value 1 Disciplined Organic Growth 2 Reinvest Cashflow at High Rates of Return 3 Return Capital to Shareholders Investment Highlights 4 Balance sheet strength low leverage and ample…
Appendix NYSE: LBRT www.LibertyFrac.com
Adjusted EBITDA Reconciliation 3 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended Year Ended 31Dec18 30Sep18 30Jun18 31Mar18 31Dec18 Net Income (loss) 33.9 66.4 94.7 54.0 249.0 Deprecia on & Amor za on 34.2 32.3 30.6 28.0…
Calculation of PreTax Return on Capital Employed Calculation of Pre-Tax Return on Capital Employed Twelve Months Ended December 31, 2018 2018 2017 Net income1 249,033 Add back: Income tax expense 40,385 Pre-tax net income…
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