Ranger Energy Services Corporate Presentation August 2019 Ranger Energy Services 2019
Forward Looking Statements This presentation contains various forward-looking statements and information that are based on management's current expectations and assumptions about future events. Forward-looking statements are generally…
Overview 3
Background On August 16, 2017, Ranger completed an IPO of 5,862,069 shares at 14.50 per share which resulted in gross proceeds of 85 million. Ranger used the proceeds of the IPO to repay its debt, fund a portion of the ESCO…
Operating Divisions Ranger Operations are Reported in Three Segments: Completion & Other Services Primary operations include wireline (plug & perf and pump down) Well Testing, Snubbing, Fluid Hauling and Tank Rental Locations in…
Investment Highlights 6
Investment Highlights Service Offerings Across The Life of the Well Solutions Approach with Select Services Deep Relationships with Blue-Chip E&P Customers Across Multiple Basins Platform for Continued Organic and Acquisition…
High-Spec Rig Completion Services Long Lateral Support Equipment 10
High-Spec Rigs 1 Well Completion Support 3 Workover Completion services utilized during and subsequent to Major well work conducted multiple times hydraulic fracturing but prior to placing a well into throughout life of well…
High-Spec Rig Fleet Rangers well services fleet is among the highest spec in the industry Class HP Mast Height Mast Rating Number of Rigs 6C 500 112 117 300 13 5CXL 500 116 250 8 5C 500 102 110 240 - 275 108 4C 400 - 450 96 102…
Processing Solutions Torrent is a full scale provider of gas processing and flare reduction solutions, helping customers capture NGLs, reduce VOC emissions and generate power at the wellsite Torrents modules are skid mounted that do…
Solutions Approach 14
Blue-Chip E&P Customer Base 15
Blue-Chip E&P Customer Base Headquarters Field locations 16
Financial Overview 17
1Q17 to 2Q19 Financials Revenues were 84.7 million for 2Q19, a sequential decrease of 4% from 88.3 million in 1Q19 Adjusted EBITDA (A Non-GAAP measure) decreased 9% to 13.1 million for 2Q19, vs 14.3 million in 1Q19 18
Peer Group Common Offerings to Ranger While Well Service Rigs are common across the entire peer group, Ranger offers other required completion and production services, some being unique to Ranger only 19
Peer Comparison Valuation Pricing as of August 25, 2019 Share Price Shares Market Cap Enterprise Revenue EBITDA (includes stock Comp) Net Income Company Name (USD) Outstanding (MM) Total Debt Cash Value 2018A 2019E 2020E 2018A 2019E…