Investor Presentaiton

G Recent Performance & Outlook Second Quarter 2020 Performance ■ Generated Adjusted EBITDA margins of nearly 34% Innovations represented approximately 15% of Rental revenue ■ Increased cash position by over $40mm during the quarter net of nearly $7mm in dividend & distribution payments Reduced annualized payroll-related costs by approximately $85mm Outlook & Recent Developments ■ Q3 2020 revenues expected to be down sequentially across all business lines due to lower Q3 2020 starting point ■ Overall revenue change expected to outperform the sequential decline in U.S. rig count Expect to increase market share in Product business from Q2 2020 levels (achieved Company records in July & August) ■ U.S. completion activity improving versus mid-year bottom ■ Now expect rigs followed to meaningfully increase from mid- year levels by year-end 2020 ■Majority of tariff exemptions not extended past August 2020 22 22

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