CJ 2017 Annual Report

120 100 80 60 20 40 0 JAN FEB MAR APR MAY JUN JULY AUG SEP OCT NOV DEC STOCK PERFORMANCE GRAPH for the period from January 12, 2017 to December 31, 2017 C&J ENERGY SERVICES RUSSELL 2000 PEER GROUP 17 16 15 REVENUES in millions $1,639 $971 $1,749 ACH I E V EMENT S AND RE SULT S In 2017, C&J took positive steps to solidify a leadership position in the oilfield-services industry. • We delivered four consecutive quarters of double-digit revenue gains, achieving approximately 70% revenue growth in 2017 compared to 2016. • We sharpened our strategic focus on businesses that complement our core competencies and represent our most profitable opportunities – new wells in the continental U.S. • We accelerated the growth of our cementing business with the acquisition of O-Tex Pumping in the fourth quarter of 2017. This transaction immediately transformed C&J into one of the largest cementing service providers and further strengthened our position as a top-tier service provider with a best-in-class well-construction platform. • We capitalized on renewed growth, reactivating stacked equipment and training new employees. All of the above accomplishments led to these results: • We significantly improved our profitability with adjusted EBITDA of approximately $131 million in 2017, compared to a loss of $95 million in 2016. • We continued our cost-control efforts and right-sizing of our business portfolio to reflect market realities and our long-term strategy. • We ended the year debt-free with an excellent liquidity position of nearly $300 million. We achieved these outstanding operational and financial results while successfully completing our financial restructuring to emerge from Chapter 11, completing a public offering and relisting on the NYSE, and renegotiating our credit facility to further enhance our overall liquidity and financial flexibility. The above graph compares the cumulative total return to stockholders on our common stock, the Russell 2000 Index and an industry Peer Group Index for the period ended December 31, 2017. The Peer Group Index consists of Basic Energy Services, Inc.; Key Energy Services, Inc.; Superior Energy Services, Inc.; RPC, Inc.; ProPetro Holding Corp.; Keane Group, Inc. and Pioneer Energy Services Corp. The graph assumes that $100.00 was invested in our common stock on January 12, 2017 (the date C&J common stock began to trade subsequent to our emergence from the Chapter 11 Proceeding) and in the comparison groups and assumes the reinvestment of all cash dividends prior to any tax effect. We have not declared any dividends during the period covered by this graph. This graph depicts the past performance of our common stock and in no way should be used to predict future performance. 2017 ANNUAL REPORT 1