Investor Presentaiton
Historical Financial Overview
2023(1) Revenue by Segment
Revenue (1) ($ in millions)
10 months of
Spoolable
Technologies
Spoolable
Technologies
31%
Pressure
Control
69%
Selected Active Basins
■ Bakken
■DJ / Powder River
■ Eagle Ford
■Marcellus / Utica
■ Permian
■ Haynesville
■ SCOOP/STACK Cooper, Australia
G
$1,097
$340
$628
$688
$544
$439
10 months of
Spoolable
Technologies
$349
$757
2018
2019
2020
2021
2022
2023
Adjusted EBITDA(1,2) ($ in millions)
$229
$228
$213
$121
$120
$398
10 Months of
Spoolable
Technologies
2018
2019
2020
2021
2022
2023
Adj. EBITDA (2)
as % of
Revenue
39%
36%
35%
27%
33%
Adjusted EBITDA (2) - Net Capital Expenditures (3) as % of Revenue
27%
28%
30%
25%
29%
36%
33%
2018
2019
2020
2021
2022
2023
Source: Company filings.
1)
2)
Note: Historical financial data prior to March 2023 shown not inclusive of FlexSteel, which was acquired on Feb 28, 2023.
2023 revenue includes Spoolable Technologies revenue from the close of the FlexSteel acquisition on February 28, 2023.
2023 Adj. EBITDA includes Spoolable Technologies results from the close of the FlexSteel acquisition on February 28, 2023. EBITDA and Adjusted EBITDA are non-GAAP financial measures. 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.
6
3)
Net Capital Expenditures equals net cash flows from investing activities excluding cash outflow for the acquisition of FlexSteel.View entire presentation