M&A Update NexTier Oilfield Solutions August 2022 1
NexTier Strategic Update At a Glance: M&A Update In line with NexTiers strategic direction of divesting non-core assets to expand our wellsite integration platform: Last Mile Logistics Asset Acquisition from NexTier signed and…
Acquisition Summary NexTier acquires innovative fleet of Last Mile Logistics assets from CIG Logistics Proprietary High-Efficiency Wellsite Storage Systems Purpose-Built Sand Hauling Logistics Equipment System capacity to readily…
Macro Backdrop 6
Oil demand restoring despite high prices Total consumption on pace with pre-pandemic levels, more room to run Global oil demand difference compared to pre-virus levels Total demand recovery back to 2019 Illustrated difference compared…
International supply not responding to price signals High Brent price draws muted production response from OPEC and NOCAR Oil production by region Thousand barrels per day 100,000 120 NOCAR OPEC OPEC + NOCAR Brent Price OPEC and…
With no spare capacity to cover EIA reports 50% reduction in global surplus production capacity Annual global surplus crude oil production capacity Million barrels per day 12 Surplus capacity estimates down 10 2022 across the…
Global drilling not indicating an increase ahead Intl rigs recover only 25% from pandemic lows to extend multi-year decline International active drilling rig count by region Monthly, Baker Hughes International Rig Count 1,600 1,470…
Supply / Demand balance to remain tight Global oil markets constrained by years of under investment World Liquid Fuels Production and Consumption Balance Million barrels per day 105.0 Oil consumption has outpaced 100.0 Global…
Frac intensity continues to increase Proppant volumes expand throughout shale revolution to new peak Well Proppant Volumes by Basin Truckloads per well continuously MM Pounds, per Well test new limits as proppant 25 intensity…
Proppant delivered set to exceed prior-cycle peaks Increased frac intensity combined with well activity expansion drives increase Proppant Demand by Basin Horizontal Completions, MM Tons per Quarter 50 4,000 2022 full-year proppant…
Last Mile Logistics Expansion 14
NexMile: Driving a Higher Level of Logistics Performance Enhanced by Last Mile Logistics acquisition from CIG Logistics: Smarter Logistics Power of Scale Digitally enabled logistics hub uses real-time data to streamline Large…
NexTier acquires Last Mile Logistics assets from CIG Logistics At a Glance: Last Mile Logistics Asset Acquisition Significantly expands last mile capabilities and positions for further growth Acquisition Summary Key last mile…
NexTier acquires Last Mile Logistics assets from CIG Logistics Asset Acquisition Summary l NexTier acquired Last Mile Logistics assets from CIG Logistics Modernizes and more than doubles NexTiers scale of frac sand delivery…
Enhancing Shareholder Value Rationale for Last Mile Logistics Expansion Expand Capabilities & Significant expansion and enhancement of NexTier last mile logistics platform. Further Integration Furthers integration strategy, creating…
Doubles NEX Operated Sand Storage Expands capacity to NexTier in a highly-differentiated segment And supports NexTiers Integrated of the last-mile logistics market Solutions value driving potential NexTier-Operated Fit For Purpose…
NexTier Logistics Initiative Timeline Q2 Q2 Q3 2020 2021 2022 NexHub Logistics NexMile Fleet Service CIG LML Acquisition Automation-backed digital 24/7 service center for heavy-duty Doubles NEX operated sand storage in…
Learn More: NexTiers Integrated Logistics Strategy https://nextierofs.com/investor-day-replay/videoLogControlTower https://nexmile.com/ Investor Day Replay: Logistics Website: NexMile Leveraging Scale and Technology to Enhance…
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