Company Overview An industry-leading U.S. land completions company Our foundation Founded in 1973 as Keane Group Inc., renamed to NexTier Oilfield Solutions through the merger with C&J Energy Services, Inc. in October 2019 Ticker:…
NexTier at a Glance The evolving oilfield demands innovative service providers An industry-leading U.S. land completions company Equipment Segment Breakdown Geographic Overview 1 Overview Total Revenue Total Revenue1 45…
Diversified Service Offering NexTier is a leading provider of a diversified base of oilfield solutions Well Construction & Completion Services Well Support Services Intervention Services Hydraulic Fracturing Coiled Tubing Rig…
Deep Bench of Executive Leadership High-caliber management team with significant experience Primary Past Primary Past Experience Experience Robert Drummond 30+ Ian Henkes 25+ President, Chief Years SVP, Operations Years Executive…
Culture & Value System Deep commitment to customers, employees and business partners Safety Our Value System Unwavering commitment to the safety and well being of our people, Take customers and communities in Responsibility which…
Industry Leading Safety Record Performing safely is critical to winning and retaining quality customers (1) NexTier Completions Among the safest providers of oilfield services 1.40 Rolling 12 Month TRIR1 Current rolling 12-month…
Strong ESG Commitment Foster a culture focused on safety and sustainability Environmental Stewardship Goals Focused on environmentally responsible practices Deploy technologies reducing diesel consumption and carbon emissions…
ESG Initiatives Implementing several impactful ESG initiatives Environmental Commitment: Dual-fuel Tier IV Engine Minimizing our environmental impact by reducing fuel consumption and emissions at the wellsite through innovation,…
Integration Update
Transformative Merger Strategic combination of complementary oilfield service companies Combined Profile Merger Overview Merger between Keane and C&J created Increased Scale with High- a leading U.S. focused completions and…
Transaction Rationale Combination results in enhanced scale, value and financial position Strong Financial Position: Strong balance sheet delivers stability, opportunities 1 for further innovation and financial flexibility.…
Integration Update Vigilant in seamlessly integrating our two companies Primary focus on improving service quality and reducing cost of delivery Optimizing via economies of Launched new corporate scale and vertical integration…
Increase in Synergy Opportunities Upsized and accelerated base of synergies Efficiency in support structure Overhead consolidation 125+ Economies of scale million1 Expected 100+ SG&A synergies1 million1 End of Q2 2020 125+…
Equipment Rationalization Strategy Contributing to responsible retirement of equipment High-quality base of marketed equipment capable of serving customer needs Frac Fleets Wireline Underwent extensive diligence 10% retirement (5…
High Quality Portfolio of Assets Assets kept fresh by perpetual maintenance cycle 420 375 Operating philosophy focused on 360 asset quality and reliability 300 Distribution profile demonstrates 300 transmissions favorable…
Investment Opportunity
Unique Set of Attributes An oilfield services company with a compelling value proposition 70 Oilfield Service companies1 Public companies 2 billion 3.7 billion 18 LTM…
Our Four Points of Distinction Our strategy to drive success over the near and long-term Partnership: Unwavering commitment to partnerships, including on a dedicated basis with high-quality customers in all aspects of the relationship…
Significant Scale in the U.S. Leading provider of multi-basin completions & production services Leading U.S. Frac Position1 Increased NAm Presence2 Total HHP (mm) NAm Rev. ( billions) HAL 4.6 HAL SLB 2.6 SLB 2.2 BKR BJ Services…
Portfolio of Top-Tier Customers Partner with highly efficient customers under dedicated agreements Partnerships with high-quality customers Focused on delivering top-tier safety, efficiency and execution Combined scale…
NESR Partnership NexTiers strategy in action; expands footprint overseas + Win-Win Partnership: Entry into MENA region to provide completion services with strong U.S. based partner under NEX recently commenced operations in…
Strong Balance Sheet Financial flexibility is an enabler to value creation for all stakeholders Benefits of Balance Sheet Strength Positions NexTier to execute in a range of market conditions Cash1 270 million Serves as an…
Market Observations Focused on leading efficiency, innovation and profitability Conditions & Market Response Additional NexTier Response Current Conditions: Efficiency & Innovation: Range-bound macro environment, Lead technology…
Updated 4Q19 Outlook Results expected to meet or exceed the high-end of 4Q19 guidance range Strong expected results relative to guidance despite challenging market conditions mm Updating total revenue guidance for 600 Original…
Leading 3Q19 Frac Profitability Clear market bifurcation in profitability per fleet EBITDA per Fleet1 In millions Leading EBITDA per fleet outcome of delivering differentiated efficiency, reduced NPT, innovation & partnership…
Capital Return Objectives Expected to generate meaningful free cash flow Capital Return In December 2019, Board authorized 100 Optionality million capital return program; reflects 7% of current market capitalization1 May be…
Innovation
Partnering with our Customers to Create Value Maximize value to customers through technology and innovation Customer cash flow lifecycle Our focus is to: Invest Accelerate production Assess Acreage Lower customer per BOE Drill…
Innovation: Core Part of NexTiers DNA Developing a leading technology platform Surface Technology Digital Capabilities Subsurface Innovation Next generation equipment Digital operating center Engineered completions Proprietary…
NexTiers Digital Capabilities Working to implement several core technology initiatives by YE20 Digital Operations Center (DOC) Equipment Health Monitoring & Logistics Control Tower (LCT) (EHM) Program Expecting 24/7 operational…
NexTiers Digital Transformation Our digital capabilities will drive operations of the future NexTiers Strategic Technological Objectives: Equipment Real-time Business Management Health Monitoring Enhanced visibility to operations,…
Surface Technologies Investing in technologies that lower costs, increase efficiency and improve safety Equipment Reliability MDT Controls & Next Generation & Efficiency Hibernate Installation Equipment Major component life…
Subsurface Innovation Technology partner of choice Subsurface Engineering Chemistry Technology Collaboration Partnering with industrys most Leverage our world-class Partnering with innovators to progressive customers to tackle…
NexTier Takeaways Leading oilfield services company providing a compelling investment proposition 1 Scale & Diversity Across Services & Geographies 2 Attractive Synergies, Value Creation & Capital Return + 3 Strong Financial…
Investor Contacts: Daniel Jenkins Vice President, Investor Relations investorsNexTierOFS.com Marc Silverberg Managing Director (ICR)
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