Flotek Industries, Inc. · NYSE:FTK
Flotek Industries — Conference Presentation (February 2011)
13 slides from Flotek Industries's conference presentation, Feb 4, 2011
Slide 1: Flotek Industries, Inc. Presentation of John Chisholm
Exhibit 99.2 Flotek Industries, Inc. Presentation of John Chisholm Chairman and President Flotek Industries, Inc. February 4, 2011 Ft. Lauderdale, Florida Lead. . .Support. . .Accelerate
Slide 2: Disclaimer: Forward Looking Statements
Disclaimer: Forward Looking Statements Certain statements and information included in this presentation constitute “forward–looking statements”within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on certain assumptions and analyses made by the Compan
Slide 3: Flotek Today
Flotek Today • Overview & Business Strategy • 2010 Preliminary Highlights and Accomplishments • Segment Review & Business Drivers • Specialty Chemicals • Drilling Products • Artificial Lift • Financial Overview • 2011 Objectives • Conclusions
Slide 4: Flotek's Business Units
Flotek’s Business Units • Houston-based oilfield services company with focus on value-added drilling, completion and production products. • Specialty Chemical Segment focused on Drilling, Completing & Production Enhancements for natural gas and oil drilling. Well-regarded for innovative products tha
Slide 5: 2010 Highlights
2010 Highlights • Financial Highlights (preliminary and unaudited) • > $145 million in revenue for year • > $45 million in revenue for 4Q2010. Consistent sequential growth in revenue in each calendar quarter • Managed and grew cash position of Company. Year-end cash of $20 million vs. $600,000 in 3Q
Slide 6: 2010 Highlights
2010 Highlights • Strengthened leadership team with the Addition of Johnna Kokenge as Chief Accounting Officer • More timely and accurate reporting, both internal and external • Focus on information management systems • Improved efficiency and accounting support for all Flotek operations • Strengthe
Slide 7: Chemicals & Logistics Segment
Chemicals & Logistics Segment • Core Competencies • Proprietary Specialty Chemicals Used in Drilling & Completion including Cementing, Fracture Stimulation, Acidizing. Protected by Patents and Trade Secrets • Key Product: Complex Nano-fluids (microemulsifiers) that are environmentally friendly and u
Slide 8: Downhole Tool Segment
Downhole Tool Segment • Core Competencies • Flotek Rental Tools on > 25% of all rigs in the United States, from “commodity” tools to “specialty” tools and equipment such as drilling motors, jars and stabilizers. 2010 was focused on increasing penetration and stabilizing pricing. 2011 focus on increa
Slide 9: Artificial Lift Segment
Artificial Lift Segment • Core Competencies • Full service production and water separation systems for Coal Bed Methane (CBM), including Electric Submersible Pumps (ESPs) and related assemblies. Full service installation, service & repair and production efficiency analysis. • Petrovalve mechanical p
Slide 10: Select Balance Sheet Data (unaudited)
Select Balance Sheet Data (unaudited) Outstanding Debt (in millions) • Senior Secured Debt Due 11/2012 $ 33.6 • Secured (Second Lien) Convertible Notes* $ 36.0 • Convertible Subordinate Debt* $ 75.0 Total Outstanding Debt $ 144.6 *Debt matures in 2/2028; Put/Call Option 2/2013. Equity Recap • Shares
Slide 11: 2011 Financial Objectives & Action Plan
2011 Financial Objectives & Action Plan • Conversion of Preferred Equity to Common Equity (2/3/2011) • Continue to Focus on Balance Sheet Improvement • Consider options for outstanding convertible debt. Toolbox is more robust than it was a year ago. • Consider options for more conventional senior-le
Slide 12: 2011: Our Objectives
2011: Our Objectives Lead • Lead in innovation, responsiveness and service quality for our customers in each of our key business units. • Senior management leads by example, setting the tone and course of success for our front-line team members. • Lead our industry in performance and returns for our
Slide 13: Flotek Industries, Inc.
Flotek Industries, Inc. 2930 West Sam Houston Parkway, North Suite 300 Houston TX 77043 713.849.9911 Lead. . .Support. . .Accelerate
Flotek Industries — Conference Presentation (February 2011) on 6ix