PROPETRO AT A GLANCE Customer Focused .49 100% Sustainability Full Year 2020 TRIR Concentration of Frac Investments Team Driven operations in the Permian 2010 2017 2020 Begins hydraulic Initial Electrically Teamwork &…
CAPITAL MIGRATING TO OUR BACKYARD Over 60 billion in Permian E&P transactions since 2018 Notable Transactions Date Buyer Value (MM) 10/20/20 Pioneer Natural Resources 7,621 10/19/20 ConocoPhillips 13,337 12/16/19 WPX Energy 2,500…
PERMIAN MACRO Total U.S. Onshore Rigs Capitalizing on demand for efficient services Oil Directed Rig Count: 299(1) Driven by E&P acquisitions, dedicated fleet model, and completion intensity Strategic investments in both Tier IV DGB…
SAFETY CULTURE ON DISPLAY Best in class workforce operating safely and efficiently through market volatility Total Recordable Incident Rate (TRIR) FY2019 0.83 FY2020 0.49 Training & Education Safety performance Continue…
POSITIONING FOR A CLEANER FUTURE Displacing Conventional Diesel Fleets with Tier IV Dynamic Gas Blending (DGB) Dual Fuel Equipment through Conversions and New-Build Purchases Hydraulic Horsepower (HHP) Composition YE2020 180 Pounds…
RECENT HIGHLIGHTS 395.1 Prudent approach to utilization Revenue 133.7 154.3 (in millions) 106.1 Effective utilization of 9.6 fleets in Q4 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Plans to deploy 50,000 HHP of Tier IV DGB in 2021, and…
2020 Q4 FINANCIAL HIGHLIGHTS 2020 Q4 Revenue Mix Revenue: 154.3 MM Net Loss: 44.1 MM 1% 99% Non- Permian Permian Adjusted EBITDA: 23.8 MM (1) Free Cash Flow: 9.1 MM (2) Durable Capital Structure: 2% 98% All Other…
UNIQUELY POSITIONED FOR SUCCESS Permian Blue Chip Superior Sustainable Future Focus Customers Performance Positioned in the low Large drilling Consistently Investing in lower emissions cost basin with sector leading inventories…
APPENDIX
NON-GAAP RECONCILIATIONS This presentation references Adjusted EBITDA and Free Cash Flow, which are non-GAAP financial measures. We define EBITDA as our earnings, before (i) interest expense, (ii) income taxes and (iii) depreciation and…
NON-GAAP RECONCILIATIONS Three Months Ended (in thousands) March 31, 2020 June 30, 2020 September 30, 2020 December 31, 2020 Net Cash from Operating Activities 61,724 35,186 21,116 21,136 Net Cash used in Investing Activities…
Confidential Draft CONTACT Corporate Investor Headquarters Relations 1706 S. Midkiff Rd Sam Sledge Midland, TX 79701 sam.sledgepropetroservices.com 432.688.0012 Office Direct 432.253.5111 www.propetroservices.com 2021…
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