Aris Water : December Investor Presentation

Aris Water Solutions, Inc. - Investor Presentation

December 2021

Forward Looking Statements

Forward-Looking Statements

Certain statements contained in this presentation that are not descriptions of historical facts are "forward-looking statements." When we use words such as "will," "intend," "believe," "expect," "anticipate," "project," "illustrative," "estimated" or similar expressions that do not relate solely to historical matters, we are making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause our actual results to differ materially from our expectations discussed in the forward-looking statements. This may be a result of various factors, including, but not limited to: the severity and duration of world health events, including the novel coronavirus ("COVID-19") pandemic; operational challenges relating to the COVID-19 pandemic and efforts to mitigate the spread of the virus; the potential deterioration of our customers' financial condition, including defaults resulting from actual or potential insolvencies; the level of capital spending and development by oil and gas companies; the impact of current and future laws, rulings and federal and state governmental regulations; the degree to which consolidation among our customers may affect spending on U.S. drilling and completions in the near-term; our reliance on a limited number of customers and a particular region for substantially all of our revenues; our ability to successfully implement our business plan; regional impacts to our business, including our infrastructure assets within the Delaware Basin and Midland Basin formations of the Permian Basin; and our access to capital to fund expansions, acquisitions and our working capital needs and our ability to obtain debt or equity financing on satisfactory terms. All forward-looking statements, expressed or implied, included in this presentation are expressly qualified in their entirety by this cautionary statement. You are cautioned not to place undue reliance on any forward-looking statements. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified by this cautionary statement, to reflect events or circumstances after the date of this presentation.

Industry and Market Data

Market and industry data and forecasts used in this presentation have been obtained from independent industry sources as well as from research reports prepared for other purposes. We also cite certain information from media and other third-party sources. Although we believe these third- party sources to be reliable, we have not independently verified the data obtained from these sources and we cannot assure you of the accuracy or completeness of the data. Forecasts and other forward-looking information obtained from these sources are subject to the same qualifications and uncertainties as the other forward-looking statements in this presentation. Statements as to our market position are based on market data currently available to us, as well as management's estimates and assumptions regarding the size of our markets within our industry. While we are not aware of any misstatements regarding our industry data presented herein, our estimates involve risks and uncertainties and are subject to change based on various factors. As a result, we cannot guarantee the accuracy or completeness of such information contained in this presentation.

Non-GAAP Financial Measures

In this presentation, we use certain non-GAAP performance measures to evaluate current and past performance and prospects for the future to supplement our GAAP financial information presented in accordance with GAAP. These non-GAAP financial measures are important factors in assessing our operating results and profitability. A reconciliation of non-GAAP measures to the most directly comparable GAAP measures is contained in the appendix to this presentation.

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Aris Water Highlights

Innovative, Sustainable and High-GrowthFull-Cycle Water Management

Established ESG Leader with a Demonstrated Track Record

Leading Market Position in the Core of the Permian Basin

Commercial Flexibility and Long-Term Contracts with Blue-Chip Customers Underpin Free Cash Flow Growth

Conservative Capital Structure Provides Financial Flexibility and

Ability to Return Capital

Proven and Experienced Management Team

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Overview of Aris Water System

Asset Footprint

Aris Infrastructure

Produced Water Pipeline

Right of Way

Water Handling Facility

Water Recycling Facility

Customer Acreage

Contracted

	Asset Highlights as of September 30, 2021
Miles of Pipeline		>660
Produced Water Handling Capacity		>1,200 kbwpd (Across 48 facilities)
Water Recycling Capacity		~600 kbwpd
Dedicated Acres		>570,000

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Aris Water is a Premier Energy Infrastructure Business

• We are a leading, growth-oriented environmental infrastructure and solutions company that directly helps our customers reduce their water and carbon footprints
• Our assets and operations consist of integrated produced water infrastructure systems that provide high capacity gathering, transportation, disposal, recycling/reuse, and brackish water supply solutions to our customers
• We have offices in Houston and Midland, Texas and Carlsbad, New Mexico

We Sit at the Heart of the US Energy Market		Strong Fundamentals

Permian Basin Production is Increasingly					Significant Operator Activity Underpins Our
Critical to US Oil Supply and Energy Independence		Growth
Water Management is a Critical and Growing	Issue in		Increased Demand for Large-Scale
the Permian Basin				Full-Cycle Water Management Solutions
Operators are Seeking to Improve their Environmental		Aris Water is a Market Leader in Water Recycling
Impacts and Sustainability of Operations
What We do is Core to US Energy			Our Business Model Continues to Capture Growth
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