Investor Presentaiton
Clean Balance Sheet & Low Capital Intensity
Balance Sheet & Capital Summary
June 30, 2022 cash balance of approximately
$312 million
■Full year 2022 net capital expenditure guidance
of $20 million to $30 million
■Modest maintenance capex requirements
Adjusted EBITDA (1) - Net Capital Expenditures (2) ($ in
millions)
$81.4
$173.1
$144.4
$108.7
$102.9
$169.9
2022 capex driven by:
■Roofline expansion at Bossier City facility
(completed in Q1 2022)
■ R&D facility buildout
Electrification and additions to rental
asset fleet as activity is expected to grow
■ General maintenance
2017
2018
2019
2020
2021
YTD 2022 Ann.
Net Capital Expenditures (2) ($ in millions)
$30.7
$68.2
$55.9
$25.8
$18.1
$11.6
2017
2018
2019
2020
2021
YTD 2022 Ann.
Strong balance sheet with track record of cash flow generation
Source: Company filings.
1)
2)
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.
YTD Annualized represents first two quarters of 2022 annualized. Net Capital Expenditures equals net cash flows from investing activities.
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