Investor Presentaiton

Differentiated Margin Profile Through the Cycle Total Adjusted EBITDA Margin (2014 - 2021) (1)(2) YTD 2022 Adjusted EBITDA Margin (1)(2) 33% 26% 22% 18% 31% G 15% 13% 13% 10% 96 9% 8% 7% 13% 13% ||| Peer E Peer F Peer A Peer B Peer C Peer D Peer C Peer A Peer F Peer D Peer E Peer B Strength of margin profile relative to peers maintained through the cycle Source: Factset, Company filings. 1) 2) Peer data represents Adjusted EBITDA where available per company filings and presentations. Peers include: ChampionX, Core Laboratories, Dril-Quip, National Oilwell Varco, Oil States International and TechnipFMC. Cactus' computation of Adjusted EBITDA may not be comparable to other similarly titled measures of other companies. TechnipFMC data represents FMC Technologies financial data from 2014 to 2016 and TechnipFMC plc data pro forma for the separation of Technip Energies for 2017-2021. YTD 2022 represents the first and second calendar quarters of 2022. Cactus data represents Adjusted EBITDA, defined as EBITDA excluding (gain) loss on debt extinguishment, stock-based compensation, severance expenses, 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. Adjusted EBITDA Margin is defined as Adjusted EBITDA expressed as a percentage of Revenue. 8

View entire presentation