Revenue Growth - Revenues increased by $50.3 million, or 76%, to $116.9 million for Q1 2022 compared to Q1 2021, driven by activity and pricing improvements [94]. - Cementing revenue rose by $22.3 million, or 97%, with total cement job count increasing by 62% compared to Q1 2021 [95]. - Coiled tubing revenue increased by $10.6 million, or 97%, as total days worked rose by 44% compared to Q1 2021 [95]. - Active frac crew counts increased by 29% in Q1 2022 compared to Q1 2021, contributing to revenue growth [94]. - Revenues rose to $116.9 million in Q1 2022 from $66.6 million in Q1 2021, while adjusted gross profit increased to $22.6 million from $4.3 million [117]. Cost and Expenses - Cost of revenues increased by $32.0 million, or 51%, to $94.3 million for Q1 2022, primarily due to increased activity and cost inflation [96]. - Adjusted gross profit increased by $18.3 million to $22.6 million for Q1 2022, reflecting revenue growth and cost management [97]. - General and administrative expenses rose by $1.6 million to $11.8 million for Q1 2022, mainly due to increased employee costs and professional fees [97]. - Labor costs increased by $10.1 million, reflecting the challenges of labor shortages and inflation in the industry [96]. Financial Performance - Adjusted EBITDA increased by $15.6 million to $12.2 million in Q1 2022, reflecting changes in revenues and expenses [103]. - Return on Invested Capital (ROIC) was 2.1% for Q1 2022, a significant improvement from (23.1)% in Q1 2021 [114]. - The company recorded an income tax provision of approximately $0.1 million in Q1 2022, compared to less than $0.1 million in Q1 2021 [102]. Liquidity and Capital Structure - As of March 31, 2022, the company had $19.9 million in cash and cash equivalents and $54.7 million available under the 2018 ABL Credit Facility, totaling $74.6 million in liquidity [119]. - The company had $320.3 million in Senior Notes outstanding as of March 31, 2022, with semi-annual interest payments of $14.0 million due on May 1 and November 1 [124]. - The company plans to address its liquidity needs through refinancing, seeking additional capital, or asset sales, amid concerns about its ability to meet obligations [121]. - The company had $20.0 million of outstanding borrowings under the 2018 ABL Credit Facility as of March 31, 2022, with an availability of approximately $54.7 million [129]. - The 2018 ABL Credit Facility permits aggregate borrowings of up to $200.0 million, with a Canadian tranche sub-limit of $25.0 million [128]. - The company was in compliance with all covenants under the 2018 ABL Credit Agreement at March 31, 2022 [131]. Cash Flow - For the three months ended March 31, 2022, the net cash used in operating activities was $6.5 million, an increase of $1.3 million compared to $5.2 million in the same period of 2021 [134]. - Net cash provided by investing activities was $1.3 million in the first three months of 2022, compared to a net cash used of $1.6 million in the same period of 2021, reflecting a $2.9 million change [135]. - Net cash provided by financing activities was $3.6 million during the first three months of 2022, a change of $12.7 million compared to $9.1 million used in financing activities in the first three months of 2021 [136]. - Cash flows from operations showed a $16.0 million increase adjusted for non-cash items compared to the first three months of 2021 [134]. - The company experienced a $17.3 million increase in cash used for working capital, primarily due to an increase in accounts receivable [134]. Non-Operating Items - Non-operating expenses were $7.9 million in Q1 2022, down from non-operating income of $9.1 million in Q1 2021, mainly due to a $17.6 million gain on extinguishment of debt in the prior year [101]. - Intangible amortization decreased to $3.9 million in Q1 2022 from $4.1 million in Q1 2021, primarily due to certain intangible assets being fully amortized [99]. - The company reported a loss of $5 thousand on revaluation of contingent liability in Q1 2022, compared to a gain of $0.2 million in Q1 2021, attributed to an increase in fair value of earnout from the acquisition of Frac Technology AS [100].

Q4 2021 INVESTOR PRESENTATION O Nine DISCLAIMER Forward-Looking Statements & Non-GAAP Financial Measures Certain statements in this presentation are forward-looking statements that are subject to a number of risks and uncertainties, many of which are beyond our control. All statements, other than statements of historical fact included in this presentation, regarding our strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of managem ...

Financial Data and Key Metrics Changes - Company revenue for the year was $349.4 million, with a net loss of $64.6 million and adjusted EBITDA of $5.2 million. Basic EPS was negative $2.13 [22] - For Q4, revenue totaled $105.1 million, net loss was $15.7 million, and adjusted EBITDA was $4.6 million. Basic EPS was negative $0.52 [25][22] - The average WTI price in 2021 was over $68 per barrel, an increase of approximately 74% year-over-year, yet the average rig count only increased by approximately 10% [11] Business Line Data and Key Metrics Changes - Cementing revenue for Q4 was $34.4 million, an increase of approximately 17%, with 886 jobs completed, up 17% from Q3 [28] - Wireline revenue for Q4 was $21.8 million, an increase of approximately 13%, with 4,606 stages completed, a decrease of approximately 4% [29] - Completion tools revenue was $29.4 million, an increase of approximately 9%, with 25,770 stages completed, an increase of approximately 18% [29] Market Data and Key Metrics Changes - Market share of U.S. stages completed grew from approximately 20% in 2020 to approximately 22% in 2021 [14] - The company increased its market share in the Haynesville region to approximately 26% by year-end 2021 [16] Company Strategy and Development Direction - The company has focused on becoming an asset-light completions-focused company, divesting certain service lines and acquiring technologies like Magnum [13] - The dissolvable plug technology is expected to drive growth, with market adoption projected to expand significantly [17][42] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about 2022 and 2023, citing under-investment in oil and gas and increasing global demand as factors for market growth [35] - Anticipated North American capital spending is expected to increase by at least 20% in 2022, benefiting all service lines [38] - Labor shortages and inflation are significant concerns, impacting pricing and operational efficiency [40][46] Other Important Information - The company ended 2021 with a total liquidity position of $64.7 million [27] - Total CapEx spend for 2021 was $14.8 million, below the original guidance range [32] Q&A Session Summary Question: Insights on recent strong stock price action - Management has no additional insights on the strong trading volume and price action [53] Question: Expectations for strong incremental margins in Q1 - Management expects much stronger incremental margins but refrains from providing specific figures [54][55] Question: Path to achieving $15 million to $20 million of quarterly EBITDA - Management believes it is possible, depending on the pace of activity and external factors [56] Question: Current active cementing units - Approximately 30 out of 40 cementing units are currently active [58] Question: Pricing strategy approach - Pricing is a constant conversation, adjusting as market conditions change [67]

FOR THE FISCAL YEAR ENDED DECEMBER 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 001-38347 _____________________________________________________________________________________ Nine Energy Service, Inc. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________________________________________________________________________________ FORM 10-K _________________________ ...

Financial Data and Key Metrics Changes - Q3 revenue was $92.9 million, slightly below management's guidance of $95 million to $103 million, but a 9% increase from Q2 2021 [7][8] - Adjusted gross profit for Q3 was $14 million, representing a 71% increase quarter-over-quarter [24] - The company reported net cash used in operating activities of negative $1.8 million for the quarter [29] Business Line Data and Key Metrics Changes - Cementing revenue increased by approximately 8% to $29.5 million, with 758 jobs completed, an 18% increase from Q2 [25] - Coiled tubing revenue rose by approximately 18% to $17.1 million, driven by a mix of price and activity increases [28] - Wireline revenue increased by approximately 3% to $19.2 million, with 4,793 stages completed, a 3% increase from Q2 [26] - Completion tool revenue was $26.9 million, a 10% increase, attributed to a larger mix of dissolvable plugs and higher-priced tools sold [27] Market Data and Key Metrics Changes - U.S. completed wells increased approximately 6% quarter-over-quarter, while new wells drilled rose by approximately 14% [10] - Active frac crews in the U.S. decreased by approximately 2% from August, but increased by approximately 5% quarter-over-quarter [11] Company Strategy and Development Direction - The company is focused on gaining market share and implementing price increases across service lines through technology and well site execution [38] - The completion tool business is seen as critical for growth, requiring little to no capital commitment or additional labor [19][39] - The company anticipates that pricing for drill-out services will continue to rise as activity levels increase into 2022 [20] Management's Comments on Operating Environment and Future Outlook - Management noted that labor shortages will continue to be a significant challenge across business lines and the oilfield services industry [9] - The company expects North American CapEx to increase meaningfully year-over-year in 2022, but supply chain constraints, especially labor, are anticipated to worsen [36] - Commodity prices are supportive and expected to remain so, with significant growth drivers in basins like the Permian and Haynesville [37] Other Important Information - The company has a total liquidity position of $85.4 million as of September 30, 2021 [22] - Capital expenditures for Q3 were $2.1 million, with guidance remaining unchanged at $15 million to $20 million [30] Q&A Session Summary Question: Allocation of severance costs between G&A and OpEx - The majority of severance costs were allocated to OpEx, with further breakdown available off-line [42] Question: Revenue and EBITDA guidance for Q4 - The company is not guiding adjusted EBITDA but provided a revenue range of $92 million to $100 million for Q4 [43] Question: Delay in passing on costs to customers - There is typically a 30 to 45-day delay in passing on costs to customers [46] Question: Labor market conditions in different regions - The Bakken is facing severe labor issues, while the Permian is experiencing significant poaching challenges [75][77] Question: Interest in electric wireline technology - There is strong demand for electric wireline technology, which significantly reduces diesel usage and emissions [81][82]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q _________________________________ Commission File Number: 001-38347 __________________________________________________________________ (Mark One) Nine Energy Service, Inc. ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition perio ...

Financial Data and Key Metrics Changes - For Q2 2021, the company reported revenue of $84.8 million, a 27% increase compared to Q1 2021, and within the guidance range of $78 million to $86 million [5][19] - The net loss for the quarter was $24.5 million, with adjusted EBITDA at negative $0.4 million [13][18] - Cash and cash equivalents stood at $33.1 million, with total liquidity of $85.4 million as of June 30, 2021 [14] Business Line Data and Key Metrics Changes - Cementing revenue increased by approximately 19% quarter-over-quarter, totaling $27.3 million, driven by activity and price increases [11][15] - Coiled tubing revenue rose by approximately 32% quarter-over-quarter, reaching $14.5 million, with a 25% increase in days worked [17] - Wireline revenue surged by 46% to $18.6 million, with significant market share gains in the Permian [12][16] - Completion tools revenue increased by approximately 22%, totaling $24.4 million, with a 26% increase in completed stages [16] Market Data and Key Metrics Changes - The EIA reported a 19% increase in completed wells quarter-over-quarter, primarily driven by a 26% increase in the Permian [6][7] - The average active frac crews in the U.S. increased by approximately 13% quarter-over-quarter, with about half operating in the Permian [7] Company Strategy and Development Direction - The company is focused on implementing price increases in cementing (10% to 20%) and coiled tubing (8% to 12%) services while navigating labor and materials inflation [9][10] - The strategy emphasizes being an asset and labor-light company, with revenue growth outpacing headcount increases [10][21] - The company is converting existing wireline units to electric wireline to reduce carbon emissions and enhance service offerings [20] Management's Comments on Operating Environment and Future Outlook - Management anticipates Q3 2021 to outperform Q2 in terms of activity and revenue, projecting revenue between $95 million and $103 million [21] - The labor shortage is a significant challenge, impacting service quality and revenue potential [9][54] - The company expects moderate activity increases for the remainder of 2021, with a focus on maintaining service quality and safety [19][54] Other Important Information - The company wrote down $2.4 million of tools inventory during the quarter as part of transitioning to new technology [6][15] - General and administrative expenses increased to $12.2 million due to a legal accrual [17] Q&A Session Summary Question: Incrementals going into Q3 - Management indicated that a gross margin increment of about 35% in Q2 could be expected for Q3, but it is not guaranteed [25] Question: Pricing and cost inflation - Management noted the dynamic nature of the market makes it difficult to predict how much pricing can be pushed through due to fluctuating costs [27] Question: Free cash flow expectations - Management stated that working capital will continue to be a cash drain, and free cash flow positivity is not expected in the near term due to CapEx and coupon payments [30][32] Question: ESG benefits of dissolvables - Management highlighted significant reductions in carbon emissions with dissolvable plugs compared to traditional methods, making them more appealing to customers [35][36] Question: Customer interest in ESG - There has been a notable increase in customer interest in ESG metrics and cleaner technologies over the past 60 to 90 days [40][41] Question: Cementing supply chain issues - Management acknowledged ongoing cement shortages and emphasized the importance of strong supplier relationships to mitigate risks [48][49] Question: Labor quality concerns - Management expressed concerns about the quality of labor available and its potential impact on service quality and revenue [53][54] Question: Coupon payments - Management confirmed that a coupon payment of $14 million is due in Q4 [56]

Company Overview - Nine is focused on building a full-cycle ROIC business with an asset-light business model[8] - The company is leveraged to increasing completion intensity, including mega-well pads, lateral lengths, and stage count[8] - As of H1 2021, completion tools contributed approximately 29% of revenue, compared to approximately 3% in 2017[17] - From YE 2018 to 6/30/21, the company lowered headcount by approximately 64%[17] Financial Performance - In 2018, Revenue was $827 million, Adjusted EBITDA was $141 million, with an Adjusted EBITDA margin of 17%[12] - In 2019, Revenue was $833 million, Adjusted EBITDA was $113 million, with an Adjusted EBITDA margin of 14%[12] - In 2020, Revenue was $311 million, Adjusted EBITDA was -$26 million, with an Adjusted EBITDA margin of -8%[12] - In Q2 Ann 2021, Revenue was $339 million, Adjusted EBITDA was -$2 million, with an Adjusted EBITDA margin of -1%[12] - As of June 30, 2021, the company had $331 million in cash and $523 million in ABL availability, resulting in a total liquidity of $854 million[105] Dissolvable Plug Technology - Dissolvable plug completion can be ~14-31 days per wellbore: A reduction of ~20%[72] - The life-cycle carbon footprint of the dissolvable plug is 18% smaller per wellbore than the conventional composite plug[98] - Dissolvable frac plugs on a 6-well pad take 84 cars off the road: ~404 metric tons of CO2E[92]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q _________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 001-38347 __________________________________________________________________ Nine Energy Service, ...

Financial Data and Key Metrics Changes - Company revenue for Q1 2021 was $66.6 million, representing an increase of approximately 8% quarter-over-quarter despite a 3% decrease in completed wells [16][8] - Net loss for the quarter was $8.2 million, with adjusted EBITDA at negative $3.4 million and basic EPS at negative $0.28 [16][24] - Cash and cash equivalents as of March 31, 2021, were $53 million, with total liquidity of $98.8 million [19] Business Line Data and Key Metrics Changes - Cementing revenue increased by approximately 22% quarter-over-quarter, totaling $22.9 million, driven by market share gains in the Delaware basin [11][21] - Coiled tubing revenue decreased by approximately 7% to $10.9 million due to weather-related shutdowns [23] - Completion tools revenue increased by approximately 11% to $20 million, with stages completed rising by 24% [23][20] Market Data and Key Metrics Changes - U.S. new wells drilled increased by approximately 25% quarter-over-quarter, with active frac crews estimated at 185 to 190 [7] - The company experienced a 6% market share gain in stages completed throughout 2020, despite a 3% decrease in completed wells [12] Company Strategy and Development Direction - The company is focused on gaining market share across service lines while maintaining positive gross margins, particularly in the Permian, Northeast, and Haynesville regions [32] - Plans to convert existing wireline units to electric wireline to reduce emissions and improve efficiency [31] - The company is monitoring supply chain issues closely, particularly cement shortages, which could impact operations [34][62] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence that Q1 2021 would be the worst quarter for the company, with expectations for sequential revenue increases in Q2 and Q3 [27][33] - The labor market is tightening, which could lead to potential price increases and the ability to pass through incremental costs [29][30] - Management noted that the service sector is facing significant challenges, including service quality issues and labor shortages [42][56] Other Important Information - The company repurchased $26.3 million par value of bonds for $8.4 million cash, reducing annual cash interest expense [16][18] - Total capital expenditures for Q1 were $1.9 million, with anticipated cash outflows for Q2 including senior notes interest payments of approximately $14 million [25] Q&A Session Summary Question: What is embedded in the Q2 revenue guide regarding pricing and material shortages? - Management indicated that activity is primarily driving revenue growth, with hopes for price increases later in the year [39] Question: Are incremental margins expected to remain in the 20%-25% range? - Management stated that while higher incremental margins are possible as pricing increases, timing remains uncertain [50] Question: Is there potential for free cash flow positive quarters in 2021? - Management noted that free cash flow will depend on the timing of interest payments, CapEx, and working capital [52] Question: How does the simultaneous frac market growth impact Nine? - Management expressed that increased efficiency in customer operations would positively affect margins [53] Question: Any traction in international markets for completion tools? - Management confirmed that new tools have been introduced to international markets, with positive traction noted [54] Question: Will idle cementing units return to work this year? - Management indicated that there is a possibility for idle units to return to work due to market share gains [55] Question: Is service quality an issue across all service lines? - Management acknowledged that service quality issues are prevalent across multiple service lines, particularly in coiled tubing [56]