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August 2019 Investor Presentation – Liberty Oilfield Services

Liberty Oilfield Services · Aug 12, 2019 · 18 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. August 2019 Investor Presentation – Liberty Oilfield Services – slide 1
    Investor Presentation August 2019 NYSE: LBRT www.LibertyFrac.com
  2. August 2019 Investor Presentation – Liberty Oilfield Services – slide 2
    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 doubled…
  3. August 2019 Investor Presentation – Liberty Oilfield Services – slide 3
    Liberty Snapshot Liberty: The Facts Market leading, returnsfocused provider of Williston Basin hydraulic fracturing services with demonstrably superior financial performance Powder River Basin 14 Fleets Relentless pursuit of…
  4. August 2019 Investor Presentation – Liberty Oilfield Services – slide 4
    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 Breakdown…
  5. August 2019 Investor Presentation – Liberty Oilfield Services – slide 5
    Second Quarter 2019 Financial Highlights Driving Profitable Growth QTR vs Revenues increased 1% MM's except Per Share and Fleet numbers Q2 2019 Q1 2019 QTR Revenue 542 535 1% Pre-tax net income up 19% to Net Income Before Tax 48 40…
  6. August 2019 Investor Presentation – Liberty Oilfield Services – slide 6
    YTD 2019 Cash Flow and Shareholder Returns Cash Tax and Interest Debt Repayment Returns to 3% 1% YTD 2019 Adjusted EBITDA of 177M Shareholders 16% YTD 2019 Capex of 95M 175M in projected for Increase in Working Capital full…
  7. August 2019 Investor Presentation – Liberty Oilfield Services – slide 7
    Returns-Focused Company Pre-Tax Return on Capital Employed (ROCE)(1) - LTM 2Q2019 Superior Returns 32% on Capital 23% Meticulous Focus on Frac and Frac 9% Only 7% 5% 2% Highly Profitable (5%) Operating (9%) Structure…
  8. August 2019 Investor Presentation – Liberty Oilfield Services – slide 8
    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…
  9. August 2019 Investor Presentation – Liberty Oilfield Services – slide 9
    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…
  10. August 2019 Investor Presentation – Liberty Oilfield Services – slide 10
    Liberty The Employer of Choice Employee-centered 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…
  11. August 2019 Investor Presentation – Liberty Oilfield Services – slide 11
    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…
  12. August 2019 Investor Presentation – Liberty Oilfield Services – slide 12
    Liberty ESG Frac LOW-EMISSION FLEETS Liberty Commitment to ESG Goes Far Beyond Emissions Safe, efficient and fast fracs Advanced traffic management 50% OF LIBERTY TOTAL Low-emission fleets Environmentally safe fluid systems…
  13. August 2019 Investor Presentation – Liberty Oilfield Services – slide 13
    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 in-house software Industry leading simulation…
  14. August 2019 Investor Presentation – Liberty Oilfield Services – slide 14
    Relentless Focus on Operational Efficiency We track all 1,440 minutes on every fleet, Higher Throughput By Lowering Non-Performing Time (NPT) every day Example Pad Customer NPT Meticulous downtime analysis to Activity Breakdown…
  15. August 2019 Investor Presentation – Liberty Oilfield Services – slide 15
    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…
  16. August 2019 Investor Presentation – Liberty Oilfield Services – slide 16
    Appendix NYSE: LBRT www.LibertyFrac.com
  17. August 2019 Investor Presentation – Liberty Oilfield Services – slide 17
    Adjusted EBITDA Reconciliation 3 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended Year Ended 30-Jun-19 31-Mar-19 31-Dec-18 30-Sep-18 31-Dec-18 Net Income (loss) 40.5 33.9 33.9 66.4 249.0 Depreciation & Amortization 40.4…
  18. August 2019 Investor Presentation – Liberty Oilfield Services – slide 18
    Calculation of Pre-Tax Return on Capital Employed Calculation of Pre-Tax Return on Capital Employed Tw elve Months Ended June 30, 2019 2019 Net income 1 174,737 Add back: Income tax expens e 29,519 Pre-tax net income 204,256…

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