voodoo NexTier Oilfield Solutions JP Morgan Energy Conference June 2022 1 NYSE: NEX
Introduction 4
Market Cap 2.4B 2022 YTD Daily Avg Trading Volume 3.5MM shares, 31MM 1 Number of Employees 4,000 Deployed Frac Fleets 34 Corporate HQ NexTier at a Glance Houston, TX 5 Market Cap and Daily Avg Trading Volumes as of…
NexTier Diversified Footprint Top US Completion Service Provider2 3 Integrated Platform Amplified with Scale 1 Dual-Fuel Natural Gas Power HHP1 Wireline + Logistics + Natural Gas Fueling + 1 NexHubTM Digital Permian Basin…
Operational Update 7
Activity Beating Revenue Growth Yields Margin Recovery NexTier revenue growth rate outpaces Frac activity1 leading to improved adjusted EBITDA per deployed fleet On pace for 5th consecutive quarter of activity beating growth And…
2Q22 Operational Update 2Q22 results expected to reflect accelerating momentum 2 Q 2 2 T O TA L R E V E N U E 2Q22 ADJUSTED EBITDA Prior Guidance: Updated Guidance: Prior Guidance: Updated Guidance: Up at least Up at least At…
Resilient Strong Macro Backdrop Financial Position Fleets already sold out; healthy Countercyclical investment strategy demand expected to continue uniquely positions us to generate FCF early in the cycle Supply chain bottlenecks…
STRONG MACRO FINANCIAL POSITION PREMIUM FLEETS INTEGRATION Frac crew utilization rate expected to surpass prior cycle peaks Increased frac intensity and limited supply is setting up historically high equipment utilization J.P.…
STRONG MACRO FINANCIAL POSITION PREMIUM FLEETS INTEGRATION Capturing momentum from countercyclical investments Improved Fleet Level Economics Better midcycle fleet profitability potential Combining more HHP per fleet,…
STRONG MACRO FINANCIAL POSITION PREMIUM FLEETS INTEGRATION Capturing momentum from countercyclical investments Improved Fleet Level Economics and reduced maintenance CapEx per deployed fleet Leads to potential FCF growth compared…
STRONG MACRO FINANCIAL POSITION PREMIUM FLEETS INTEGRATION High FCF Conversion, Low Multiple Still a value proposition 14x in the OFS sector 12x WHD CLB Strong free cash flow generating potential Enterprise Value / 2023…
STRONG MACRO FINANCIAL POSITION PREMIUM FLEETS INTEGRATION 2023 Consensus1 FCF Yield Price to 2023 Consensus Earnings (PE) Ratio1 50% above peer avg Attractive Peer Average NEX NEX Peer Average S&P 500 Enterprise Value1…
STRONG MACRO FINANCIAL POSITION PREMIUM FLEETS INTEGRATION Lead the Industry in Next Generation Frac Active US Land HHP2 Active NexTier HHP Over half of NexTiers fleet can be powered by natural gas Dual fuel can lower annual…
STRONG MACRO FINANCIAL POSITION PREMIUM FLEETS INTEGRATION Extending the Lead in the Permian Size and Scale Where it matters Alamo and NexTier most combined to create the premier Permian well Allocation of L48 Activity…
STRONG MACRO FINANCIAL POSITION PREMIUM FLEETS INTEGRATION Integrated Solutions: Creating Value & Efficiency Its complex and large. Power Solutions NexMile Logistics CNG Fueling Successful integration is KEY. Integrated services…
Enhancing Shareholder Value Focus on Margins Prioritize free cash flow generation and return on invested capital over market share and Returns Technology Remain on the leading edge of the industry; responsibly maintain fleet…
Appendix 20
Reconciliation and Calculation of Non-GAAP Financial Measurements Annualized Adjusted EBITDA per Deployed Fleet (per Quarter) Three Months Ended June 30, 2021 September 30, 2021 December 31, 2021 March 31, 2022 Net Income (31,781)…
Reconciliation and Calculation of Non-GAAP Financial Measurements Annualized Adjusted EBITDA per Deployed Fleet (2018) Year Ended December 31, 2018 (1) Represents adjustment to the contingent value right liability based on the…
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