Client to confirm use of this image again Investor Presentation First Quarter 2023 Earnings May 3, 2023
Non-GAAP Reconciliations This presentation references Adjusted EBITDA and Free Cash Flow, which are non-GAAP financial measures. We define EBITDA as net income plus (i) depreciation and amortization, (ii) interest expense and (iii)…
Company Snapshot NYSE 1Q 2023 Revenue Oilfield services leader in the Permian Basin providing complementary PUMP 424 million completions services in 1Q 2023 Net Income 1Q 2023 Adjusted EBITDA(1) Hydraulic Fracturing, CCC Cementing, and…
Our Strategy & Recent Highlights Delivered our best quarterly financial results (Adj. EBITDA, margin, and NI) in over three years 42% sequential Adjusted EBITDA growth with 400 basis points of margin improvement Repositioned and…
Changing to an Industrialized Model: Valuation Indices Comparison OIL SERVICES INDEX (OIH) VS. INDUSTRIAL SECTOR INDEX (IXI) 300% Indices Price Normalized OIH Index IXI Index 200% An industrialized model deserves multiple…
Industry Evolving for a Sustainable Future PRE-COVID PANDEMIC INDUSTRY DYNAMICS CURRENT INDUSTRY DYNAMICS Oil supply is expected to remain suppressed due to insufficient capital Booming global economy spending, refining capacity…
Global Hydrocarbon Macro Environment A bullish demand outlook coupled with constrained supply availability reinforces our belief that we are in a long-term up-cycle that supports incremental margins and sustainable cash flow generation…
Permian Basin: Large Addressable Market Opportunity THE PERMIAN BASIN STANDS ALONE AS THE RESILIENT PACESETTER OF US PRODUCTION Despite relatively flat total US production growth expectations over the next several years and…
Who We Are and Where We Are Going Customer Dedicated and Transitioning Relied upon Disciplined Reducing Diversified focused; efficient to a young, by premier capital emissions and customer Team driven customer base efficient, more…
Proven Success in the Most Challenging Environment: Unrivaled Completions Services COMPLETION-RELATED SERVICES HYDRAULIC FRACTURING SPECIAL APPLICATIONS Consistent with ProPetros ProPetros premier service line Customized treatments…
Innovation Leading to Our 1 Customer Ratings - A ProPetro Competitive Advantage TRANSITIONING TO FULLY-REMOTE ENGINEERING SUPPORT RECENTLY DEVELOPED TACTICAL OPERATIONS CENTER Reduce maintenance capex 2022 2023e FLEETS…
Fleet Transition: Executing on The Strategy RECAPITALIZATION OF OUR FLEET EXECUTED FIRST ELECTRIC-POWERED HYDRAULIC Since the start of 2022, we have transitioned approx. FRACTURING FLEET CUSTOMER CONTRACT 45% of our frac fleet to…
Commitment to Our People, Our Community, and Our Environment ENVIRONMENTAL SAFETY PEOPLE OPTIMIZED OPERATIONS & FLEET TRANSITION COMMITTED TO AN ACCIDENT-FREE WORKPLACE FOCUSED ON OUR TEAM Innovation Strong training and…
Estimated Revenue Mix by Service Line: Hydraulic Fracturing, Wireline, and Cementing 2023e REVENUE MIX BY SERVICE LINE Wireline Cementing Hydraulic Fracturing Source: 2023 management estimates. 2023 ProPetro Holding…
Financial Highlights (in millions TOTAL EFFECTIVE NET ADJUSTED TOTAL except %s and fleet counts) REVENUE UTILIZATION INCOME EBITDA(1) LIQUIDITY(2) Frac Fleets 1Q23 424 15.5 29 119 149 Strategic Execution Delivering Strong…
Capital Allocation Framework: Strategy Meets Opportunity OPTIMIZE OPERATIONS FLEET TRANSITION DISCIPLINED GROWTH Enhancing operational efficiency by focusing With robust industry fundamentals, transitioning Prudently assessing…
Our Leadership: Committed to Shareholder Value Creation Company Management Board of Directors SAM SLEDGE PHILLIP A. GOBE ANTHONY BEST Chief Executive Officer & Director Chairman of the Board Lead Independent Director, Audit…
ProPetro: The Oilfield Services Leader Built For The Future Efficient operator with a Cutting edge technologies drive Disciplined capital allocation and strong balance sheet leading profitability and asset deployment strategy…
Loading...
