Financial Performance and Strategic Outlook
Returns & Margins Have Outperformed Peers
2021 Adjusted EBITDA Margin (%)
40.0%
30.0%
20.0%
10.0%
OIL
STATES
DRIL
QUIP
0.0%
(10.0%)
0.0%
CHAMPIONx
10.0%
DMC
20.0%
Core Lab
30.0%
Cactus
(1)
G
ROCE(2)
(2017-2021) (%)
40.0%
Source: Company filings and Factset.
1)
2)
Note: Adj. EBITDA Margins based on latest publicly available annual data. Cactus' computation of Adjusted EBITDA may not be comparable to other similarly titled measures of other companies.
Cactus EBIT Adjusted EBITDA - depreciation and amortization. The Appendix at the back of this presentation contains a reconciliation of Adjusted EBITDA to net income, the most comparable financial measure calculated in accordance with GAAP.
ROCE reflects weighted average of 2017, 2018, 2019, 2020 and 2021. ROCE = (Adj. EBITDA less D&A) / (Average of the subject year and preceding year capitalization including capital leases). ChampionX ROCE data represents legacy Apergy for 2016-2019 and
ChampionX for 2020 and 2021. Year-end 2021 DMC Global Inc. capital employed figure excludes $480mm related to the acquisition of Arcadia and assocaited noncontrolling interest for comparative purposes.
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