Investor Presentaiton
Strong Balance Sheet & Low Capital Intensity
Balance Sheet & Capital Summary
Year-end 2023 cash of approximately $134
million
■ Approximately $216 million availability on
revolving credit facility as of December 31,
2023
■Full year 2024 net capital expenditure guidance
of $45 to $55 million
■2024 capital expenditure guidance driven by:
■~$20 million for international growth and
supply chain diversification initiative
■Spending to increase efficiency at
Baytown facility
Adjusted EBITDA - Net Capital Expenditures ($ in millions)(1)(2)
$173
$144
$103
$109
2018
2019
2020
$202
$359
2021
2022
2023
Net Capital Expenditures (2) ($ in millions)
$68
$56
$39
$26
$18
$12
2018
2019
2020
2021
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2022
2220
2023
Proven track record of cash flow generation
Source: Company filings.
1)
2)
Historical data prior to 2023 not pro forma for the FlexSteel acquisition. EBITDA and Adjusted EBITDA are non-GAAP financial measures. The Appendix at the back of this presentation contains a reconciliation of Cactus EBITDA and Adjusted EBITDA to net income, the most
comparable financial measure calculated in accordance with GAAP.
Historical data prior to 2023 not pro forma for the FlexSteel acquisition. Net Capital Expenditures equals net cash flows from investing activities excluding the cash outflow for the FlexSteel acquisition.
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