Financial Performance and Strategic Outlook
Company Overview
Cactus designs, manufactures, sells and rents highly engineered products which generate
improved drilling and completions efficiencies while enhancing safety
2021 Revenue by Type
Field
Service
and
Other
22%
Rental
14%
Revenue ($ in millions)
$628.4
$544.1
$341.2
$519.7
$438.6
$348.6
2019
2020
2021
4Q 2021 Ann.
Product
64%
2017
2018
Adjusted EBITDA(1) ($ in millions)
$112.1
$212.6
$229.0
$146.5
$121.0
$120.4
*Product Revenue Includes Drilling and Production
Consumables
Selected Active Basins
2017
2018
2019
2020
2021
4Q 2021 Ann.
Adj. EBITDA(1)
as % of
32.9%
39.1%
36.4%
34.7%
27.4%
28.2%
■ Bakken
■DJ / Powder River
| Revenue
■ Eagle Ford
Adjusted EBITDA(1) Net Capital Expenditures (2) as % of Revenue
■Marcellus / Utica
26.5%
27.5%
29.5%
■ Permian
■ Haynesville
23.9%
24.8%
25.7%
■ Uinta
■ Cooper, Australia
2017
2018
2019
2020
2021
4Q 2021 Ann.
Note: 4Q 2021 Ann. represents the fourth quarter annualized.
Source: Company filings.
1)
2)
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.
Net Capital Expenditures equals net cash flows from investing activities.
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