Investor Presentaiton slide image

Investor Presentaiton

Clean Balance Sheet & Low Capital Intensity Balance Sheet & Capital Summary June 30, 2020 cash balance of $270.7 million Expect 2020 to be a year of meaningful cash generation Ability to quickly scale back growth capital expenditures ■Modest maintenance capex requirements ■ Full year 2020 net capital expenditure guidance of $20 to $25 million ■Majority of capital expenditures committed to before March of 2020 ■ Anticipate annualized run-rate of approximately $10 million by year-end Adjusted EBITDA (1) - Net Capital Expenditures (2) ($ in millions) $14.8 $81.4 2016 2017 $173.1 $144.4 $140.1 2018 2019 LTM Q2 2020 Net Capital Expenditures (2) ($ in millions) $68.2 $55.9 $43.7 $30.7 $17.4 2016 2017 2018 2019 LTM Q2 2020 Strong balance sheet with track record of cash flow generation EBITDA and Adjusted EBITDA are non-GAAP financial measures. Cactus defines Adjusted EBITDA as EBITDA excluding (gain) loss on debt extinguishment, stock-based compensation, non-cash adjustments for the revaluation of the liability related to the tax receivable agreement, and equity offering expenses. The Appendix at the back of this presentation contains a reconciliation of EBITDA and Adjusted EBITDA to net income, the most comparable financial measure calculated in accordance with GAAP. Source: Company filings. 1) 2) Net Capital Expenditures equals net cash flows from investing activities. 21
View entire presentation