Schlumberger to Contribute OneStim to Liberty September 1, 2020
Liberty: A Premier North American Frac Service Provider A Combination That Offers Compelling Value Creation SUPERIOR R E T U R N S Libertys proven performance across cycles with 27% average CROCI(1) driven by accretive investment…
A Transformational Combination: Technology, Integration & Scale An Unrivaled Pureplay Frac Service Provider Liberty Pro Forma Operational Footprint Liberty Basin Schlumberger OneStim Basin Overlapping Operations 5.2B 664MM…
Transaction Terms Aligned with Libertys Strategic Priorities Liberty announced an agreement to acquire Schlumbergers North American pressure pumping business (OneStimTM) Acquisition Assets include frac equipment, pumpdown…
Schlumberger OneStim Snapshot Historically 2nd Largest Frac Company in North America Technology leader in 2019 Financials Snapshot Diversification: Broad Real Estate Footprint pressure pumping for over Synergistic Geographic and…
Achieving Scale A Transformative Transaction that Sets Liberty Apart 2019 Liberty 2019 Liberty Pro Forma 2.0B REVENUE 5.2B 277MM ADJUSTED EBITDA 664MM(2) 9% MARKET SHARE(1) 22% Net Cash FINANCIAL LEVERAGE Net Cash 1.25MM…
Accretive on 2019 Pro Forma Metrics Disciplined Investment Drives Returns Revenue Per Share(1) Adjusted EBITDA Per Share(1)(2) Free Cash Flow Per Share(1)(3) 30 29 4.00 3.00 3.64 2.08 20 2.00 17 2.39 2.00 10 1.00…
Strategic Acquisitions Libertys Proven Track Record of Disciplined Growth & Returns Through Cycles 2016: Sanjel 2018: ST9 2020: Schlumberger OneStim Positioned Liberty for next wave of growth Increased control of supply chain…
Libertys Unmatched Track Record of Attractive Returns Proven Steward of Capital in the Energy Sector Strategic Liberty Cash Return on Capital Invested(1) (CROCI) Priorities 47% Disciplined 45% 44% 43% 1 Growth 2 High Rates…
A Powerful Completion Services Platform Customer Perception: Bringing Together The Best Kimberlite Frac Performance Perception Safety 2019 Market Share HIGH Value Disadvantaged Premium Service Provider Provider 22% Liberty…
Improving Customer /BOE Drives Liberty Returns Synergistic Technology Offerings Leader in TECHNOLOGY Leader in ESG Leader in CULTURE Leader in RETURNS Field Studies FracTrends LibertyMVA Petrophysical Knowledge Frac Design…
Bringing Advanced Technologies to Optimize /BOE Tech Highlight: Implement Frac Design Changes in Real-Time Leader in TECHNOLOGY Leader in ESG Leader in CULTURE Leader in RETURNS Fracture Diverter Technology BroadBandTM…
Next Generation Field Operations & Equipment Driving Improvement with Advanced Equipment & Controls on Location Leader in TECHNOLOGY Leader in ESG Leader in CULTURE Leader in RETURNS Next Generation Proprietary Control Pump Design…
Vertical Integration Capturing Margin & Creating A Competitive Advantage Leader in TECHNOLOGY Leader in ESG Leader in CULTURE Leader in RETURNS Pumpdown Perforating Wireline Wireline: Leading Cause of Frac Delays Frac Sand…
ESG: An Unrivaled Commitment to Environmental Progress Performance with Purpose: Business Strategy Advances Industry ESG Efforts Leader in TECHNOLOGY Leader in ESG Leader in CULTURE Leader in RETURNS OneStim 2013 2015 2018 2020…
ESG: Social Engagement at the Core of Our DNA The Liberty to Pursue Your Dreams Leader in TECHNOLOGY Leader in ESG Leader in CULTURE Leader in RETURNS Our efforts evolved from our name, Liberty. We believe in human liberty.…
ESG: Governance in Focus Liberty Team Aligned with Shareholders Since its Founding Leader in TECHNOLOGY Leader in ESG Leader in CULTURE Leader in RETURNS William Kimble ZERO ROBUST INDEPENDENT BOARD OVERSIGHT Former Managing…
A Culture of Collaboration Drives Results Safety, Service Quality, Efficiency & Technology Leader in TECHNOLOGY Leader in ESG Leader in CULTURE Leader in RETURNS L I B E R T Y C U LT U R E Empower High Expectations Treat…
Significant Upside Beyond Frac Assets Growth & Scale in the Asset Base Leader in TECHNOLOGY Leader in ESG Leader in CULTURE Leader in RETURNS Frac Assets Acquired Other Assets Expanding our asset base and right-sizing the…
A Plan Forward: Opportunities Abound Execution in Focus Leader in TECHNOLOGY Leader in ESG Leader in CULTURE Leader in RETURNS Day One Synergies Operational Efficiencies Supply Chain 125MM reduction in Schlumberger Less NPT…
Value Creation: Aligning Our Strategy to Business Realities Significant Cash Flows Even in a Modest Cyclical Recovery Leader in TECHNOLOGY Leader in ESG Leader in CULTURE Leader in RETURNS Historical Liberty Adjusted EBITDA Per…
Scale & Balance Sheet Strength INVESTABLE Creating the 3rd Largest North American Oilfield Service Company Leader in TECHNOLOGY Leader in ESG Leader in CULTURE Leader in RETURNS North American Oilfield Services Revenue (B)(1)…
A Transformational Combination at the Right Time Compelling Investment Rationale INCREASED SCALE & TECHNOLOGY Complementary Assets & Services V E R T I C A L I N T E G R AT I O N Capturing Margin & Improving Returns D I V E R S…
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