MAMMOTH ENERGY SERVICES INVESTOR PRESENTATION JULY 2022 (NASDAQ: TUSK) December 2018
EXPERIENCED MANAGEMENT TEAM Extensive Oil & Gas and Infrastructure T&D Expertise Chief Executive Officer since the Companys formation in 2016. Previously the Chief Executive Officer of Serva Group LLC, an oilfield equipment…
MAMMOTH ENERGY SERVICES Mammoth is an integrated, growth-oriented energy services company: Oil & Gas Sector: provides products and services to enable the exploration and development of North American onshore unconventional oil…
Q2 2022 FINANCIAL PERFORMANCE Revenues of 89.7 million, net income of 1.7 Consolidated Revenues and Adjusted EBITDA(a) ( in millions) million and adjusted EBITDA of 23.0 million(a) 90 Net debt decreased 10% in comparison to Q1…
COMPELLING INVESTMENT THESIS Growing Oilfield Services Continuing Upside in FY22 Pumping Fleets 4 fleets currently in operation, plan to activate 5th fleet in the fourth quarter of 2022, 6th fleet in the first quarter of 2023 and plan…
Oilfield Services Poised for Growth Currentbidding activity at 15M to 18M estimated annualized adjusted EBITDA per frac spread(a) Expandingdual fuel capabilities, premium pricing and compelling economics at current diesel prices…
WELL COMPLETION & NATURAL SAND SERVICES Positive Trends to Drive Growth in FY2022 Well Completion Services: utilization rates and Sand Division: provides high quality frac pricing continue to accelerate due to favorable sand from 2…
TUSK Expanding Completion Services Adding formerly idled Frac Spreads back into Operations Current bidding activity at 15 to 18 million estimated annualized adjusted EBITDA per frac spread(a) 4 spreads currently working, including…
Natural Sand Proppant Services Own three sand facilities in Wisconsin with access to all major Class One railroads High quality Jordan Substrate and Wonewoc Sandstone frac sand with approx. 4.4M(a) tons per annum capacity…
DIVERSIFIED PORTFOLIO OF INFRASTRUCTURE SERVICES Engineering, Procurement & Construction (EPC): Services & Capabilities Broad Service Capabilities & Specialized Crews Design Evaluate Develop Construct Analyze Storm Project…
Portfolio of Turnkey Services High Voltage Transmission/Substations/Switchyards Projects performed by combined resources of 500+ employees and 1,000+ pieces of owned equipment TUSK Margin Enhancement (Vertical Integration Services)…
HIGH QUALITY INFRASTRUCTURE CUSTOMER BASE APRIL 2021 14
2022 Capex Budget Major Projects Upgrading pressure pumping fleet to Dynamic Gas Blending (DGB) or dual fuel kits and maintenance on fleet Organically grow U.S. infrastructure business, ultimately dependent on contract coverage…
LOOKING FORWARD APRIL 2021 16
TUSK Remains Unpaid For Vital Hurricane Maria Recovery Work 350M+ Receivable Owed to Cobra for Completed Work in Puerto Rico in 2019 Hurricane Maria destroyed Puerto Ricos power grid in 2017 TUSKs infrastructure service group was…
Positive Industry Trends & Topline Momentum to Drive Mammoth Growth Growing Oil Field Services Continuing Upside in FY22 Elevated commodity prices and demand for services are expected to grow as more Fleets are put into operation…
APPENDIX APRIL 2021 19
INTEGRATED OILFIELD SERVICES CAPABILITY 6 high pressure pumping fleets (50,000 Hhp each) 2 high-quality Northern White sand mines Total processing capacity of 4.4(a) million tons per annum (Mtpa) / Best in class cost structure…
Completion and Production Services Strategically Focused Stingray Pressure Pumping and Logistics Pressure Pumping Services Provide hydraulic fracturing services & pumping operations Strategically positioned: Utica Shale of Eastern…
Additional Oilfield Services & Products Horizontal, Vertical, Directional Drilling and Related Services Services Summary Contract drilling services in the Permian Basin for both horizontal and vertical wells 11 Drilling rigs(a) Rig…
Appendix: Adjusted EBITDA Reconciliation Reconciliation of net income (loss) to Adjusted EBITDA (000's) Three Months Ended June 30, 2022 March 31, 2022 Net income (loss) 1,703 (14,817) Depreciation, depletion, amortization and…
Appendix: Net Debt Reconciliations June 30, 2022 March 31, 2022 Long-term debt 83,969 87,458 Current portion of long-term debt 1,505 1,486 Total Debt 85,474 88,944 Less: Cash and cash equivalents 12,729 8,118 Net Debt 72,745…
Appendix: Current Market for Frac Spreads Forecasted Net Income per Frac Spread: 9M - 12M Forecasted Adjusted EBITDA per Frac Spread: 15M - 18M This presentation provides our 2022 second half expectation for Adjusted EBITDA (a…
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