Q2 2021 INVESTOR PRESENTATION
August 3, 2021
FORWARD LOOKING STATEMENTS
Except for historical information contained herein, the statements and information in this presentation, including the oral statements made in connection herewith, are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Statements that are predictive in nature, that depend upon or refer to future events or conditions or that include the words "may," "could," "plan," "project," "budget," "predict," "pursue," "target," "seek," "objective," "believe," "expect," "anticipate," "intend," "estimate," and other expressions that are predictions of, or indicate, future events and trends and that do not relate to historical matters identify forward-looking statements. Our forward-looking statements include, among other matters, statements about our business strategy, industry, future profitability, expected fleet utilization, sustainability efforts, the future performance of newly improved technology (such as our DuraStim® fleets), expected capital expenditures and the impact of such expenditures on our performance and capital programs. A forward-looking statement may include a statement of the assumptions or bases underlying the forward-looking statement. We believe that we have chosen these assumptions or bases in good faith and that they are reasonable.
Although forward-looking statements reflect our good faith beliefs at the time they are made, forward-looking statements are subject to a number of risks and uncertainties that may cause actual events and results to differ materially from the forward-looking statements. Such risks and uncertainties include the volatility of and recent declines in oil prices, the operational disruption and market volatility resulting from the COVID-19 pandemic and other factors described in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, particularly the "Risk Factors" sections of such filings, and other filings with the Securities and Exchange Commission (the "SEC"). In addition, we may be subject to currently unforeseen risks that may have a materially adverse impact on us, including matters related to shareholder litigation and the SEC investigation.
Accordingly, no assurances can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Readers are cautioned not to place undue reliance on such forward-looking statements and are urged to carefully review and consider the various disclosures made in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other filings made with the SEC from time to time that disclose risks and uncertainties that may affect our business. The forward-looking statements in this presentation are made as of the date of this presentation. We do not undertake, and expressly disclaim, any duty to publicly update these statements, whether as a result of new information, new developments or otherwise, except to the extent that disclosure is required by law.
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PROPETRO AT A GLANCE
Customer Focused | 0.49 | 100% | ||
Team Driven | Full Year 2020 TRIR | Concentration of Frac | ||
38% lower than 2019 Industry Average | Operations in the Permian | |||
2010 | 2017 | 2020 |
Begins hydraulic | Initial | Electrically |
fracturing operations | public offering | Powered DuraStim |
in the Permian Basin | (NYSE: PUMP) | field trials |
2005 | 2013 | 2019 | 2021 | ||||||||||
Founded | Company | Announces initial | Announces Tier IV | ||||||||||
recapitalization | phase of DuraStim | DGB sustainability | |||||||||||
project | investment | ||||||||||||
2021 | |||||||||||||
2011 | 2016 | 2019 | |||||||||||
1.4 million HHP | |||||||||||||
50,000 HHP | 420,000 HHP | 1.4 million HHP | |||||||||||
(as of June 30, 2021) | |||||||||||||
Sustainability
Investments
Teamwork &
Collaboration
Execution
Capital
Discipline
© 2021 ProPetro Holding Corp. All Rights Reserved. | 3 |
CAPITAL MIGRATING TO OUR BACKYARD
Over $60 billion in Permian E&P transactions since 2018
Notable Transactions
Recent Permian Upstream Transactions
$3bn
$13bn
$13bn
$3bn | $6bn |
$8bn |
1%
ProPetro
FY2021
Revenue Mix
Non-Permian99%
Permian
ProPetro is solely focused where capital is migrating
* Source: Company filings and industry research, values as of time of announcement.
© 2021 ProPetro Holding Corp. All Rights Reserved. | 4 |
POSITIONING FOR A CLEANER FUTURE
Displacing Conventional Diesel Fleets with Tier IV Dynamic Gas Blending (DGB)
Dual Fuel Equipment through Conversions and New-Build Purchases
Hydraulic Horsepower (HHP) Composition
Pounds of CO2 per mmbtu (1)
200
YE2020
150 | |||
100 | |||
50 | |||
0 | Propane | Flared gas | Natural Gas |
Diesel | |||
(CNG/LNG) |
Investing in displacement of | Tier IV DGB | DuraStim |
legacy fuels(3) | $37mm | $145mm |
Conventional
Diesel
YE2021(2)
Emissions | Conventional |
Diesel | |
Friendly | |
- Emissions data from EIA website (www.eia.gov).
- Management estimates subject to change, DuraStim contribution dependent upon commercialization.
- Total investments since 2019.
© 2021 ProPetro Holding Corp. All Rights Reserved. | 5 |
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ProPetro Holding Corp. published this content on 03 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2021 21:02:14 UTC.