Enercom: The Oil & Gas Conference C H R I S W R I G H T, C E O & C H A I R M A N August 16, 2021
Liberty: A Premier North American Completions Service Provider A Decade of Liberty: Compelling Value Creation SUPERIOR R E T U R N S Libertys proven performance across cycles with 24% average CROCI(1) driven by accretive…
Energy is Transformative 2020 ESG Report: Bettering Human Lives BETTERING HUMAN LIVES 4
Korean Peninsula: North Korea & South Korea Energy Access is Enlightening and Green Hispanolia: Haiti (on left) & Dominican Republic (on right) The Energy, Poverty, & Climate Change Nexus 5
U.S. Leadership in Delivering Natural Gas Liquids (NGLs) Worldwide The Worlds Largest Exporter of Liquid Petroleum Gas (LPG) LPG Addressing the U.S. Global LPG Exports Challenges of Energy Poverty & the Environment U.S.…
Worldwide Oil & Gas Demand: An Economic Necessity The Energy Transition Narrative In Perspective O I L & N AT U R A L G A S REMAIN ESSENTIAL SOURCES OF ENERGY Global Oil Demand by Region(1) U.S. Energy Consumption by Fuel(2) (AEO2021…
North American Oil & Gas Production in Global Context A Competitive Industry in World Oil Markets OPEC Spare Production Capacity 30 North America: A Significant 25 mb/d Average North America Liquids Global Supplier of Liquids…
The Shale Revolution From Growth to Capital Discipline U.S. Field Production of Crude Oil 14,000 Shale Revolution 12,000 Shale revolution expands from gas to oil in 2009 10,000 U.S. production more than Thousands…
North American Demand from Public vs. Private Companies Shifts Over Time Liberty Customer Base Commensurate with North American Activity Levels 2014-2015 2016-2017 2018 2019-2020 YTD 2021 2,000 Public 63% Private 37% Public 56%…
Frac Market Dynamics Supply, Demand and Next Generation Market Dynamics Industry activity near standstill in Spring 2020; WTI oil prices were as low as 18 per barrel 2021 frac activity priced while WTI oil was in the 40s per barrel…
An Unrivaled Completion Service Provider: Technology, Integration & Scale A New Era of Leadership in a Structurally Changed Industry Liberty Operational Footprint Liberty Basin 3rd 24% Largest North American Alberta, Canada…
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% 45% 44% 44% 1 Disciplined Growth Schlumberger…
A Culture of Collaboration Drives Results Safety, Service Quality, Efficiency & Technology L I B E R T Y C U LT U R E Empower High Expectations Treat People Right Employees Innovation-Based Common Sense Low Turnover Culture…
Libertys Digital DNA: Pushing the Frontiers of Digital Technology in the Energy Industry Optimize Operations & Elevate Productivity with Real Data S U B - S U R FA C E E N G I N E E R I N G EQUIPMENT DESIGN & & WELL DESIGN O P E R…
Sub-Surface Technology: Improving Customer /BOE Drives Liberty Returns Big Data Analytics Guided by World Class Engineers Integrating Engineering & Economics to 365-Day Production (oil/ft) on Water Maximize Returns Saturation…
How Liberty Is Different and Why That Matters to Our Customers Lowering the Bottom of Happy Valley in Every Basin Has Made Our Customers More Competitive We all work toward Happy Valley Liberty benefits Our customers benefit We all…
Surface Technology: Rapid Innovation Cycle Technology-Driven Operational and Environmental Improvement Drives Returns Event / issue identification through data assessment 180K data points captured per minute per fleet Data…
Tracking Every Minute of Every Day Since Inception Project 1440 Measurement is the first step that leads to control and eventually to improvement. If you cant measure something, you cant understand it. If you cant understand it,…
ESG: An Unrivaled Commitment to Environmental Progress Performance with Purpose: Business Strategy Advances Industry ESG Efforts OneStim 2013 2015 2018 2020 2021 Dual Fuel Spirit Tier IV DGB Tier IV DGB digiFracTM Libertys first…
ESG: A Culture of Excellence The Liberty to Pursue Your Dreams Liberty Family Residences Across the U.S. in 2020 Liberty families live in rural communities and big cities across the U.S. (and now in Canada) 60 652 Families…
ESG: Active Community Engagement Supporting Our Communities to Fulfill Their Dreams THREE CORE Our efforts evolved from our name, Liberty. We believe in human liberty. PRINCIPLES Everyone should have the opportunity and freedom to…
ESG: Governance in Focus Liberty Team Aligned with Shareholders Since its Founding William Kimble 7/9 ROBUST INDEPENDENT BOARD OVERSIGHT Former Managing Partner of KPMG LBRT Lead Director LBRT Audit Committee Chair…
Libertys Investment Philosophy Managing the Cycle for Long Term Returns How We Built Liberty 47% 45% 44% 44% Build the G E N E R AT E M A I N TA I N 1 BDFC FCF BALANCE SHEET STRENGTH Small Amount of 35% 2 Equity 29% 3…
Why We Invest in Technology How We Create Value for Our Customers and Our Shareholders T H E L I B E R T Y WAY Sub-surface Technology: Focusing on What Makes our Customers Successful Drives higher demand for Liberty services…
A Pathway to Mid-Cycle EBITDA The Road to Normalized EBITDA Levels Through Integration, Innovation and Execution Logistics, Materials 18 Handling & Automation A Mid-Cycle 16 Framework 14 200 to 300 Fleets Adjusted EBITDA…
Liberty: Creating Value Through the Next Decade Compelling Investment Rationale 2 N D L A R G E S T N O R T H A M E R I C A N C O M P L E T I O N S C O M PA N Y Advantaged Scale, Diversification & Vertical Integration SIGNIFICANT…
Appendix
Reconciliation and Calculation of Non-GAAP Financial Measurements EBITDA and Adjusted EBITDA Reconciliation Year Ended Year Ended Year Ended Year Ended Year Ended Year Ended 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-17 31-Dec-16…
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