Select Water Solutions, Inc. · NYSE:WTTR
Select Water Solutions — Investor Presentation (August 2023)
12 slides from Select Water Solutions's investor presentation, August 2023
Slide 1: Changes to Segment Reporting & Recast Financial Information
Changes to Segment Reporting & Recast Financial Information August 2023
Slide 2: Disclaimer Statement
Disclaimer Statement Cautionary Statement Regarding Forward Looking Statements disclaims any intention or obligation to revise or update any forward- Non-GAAP Financial Measures looking statements contained in this presentation. This presentation, including the oral statements made in connection Gro
Slide 3: Segment Reporting Overview – Changes by Service Line
Segment Reporting Overview – Changes by Service Line Prior Segmentation New Segmentation Water Services Water Infrastructure Water Services Water Infrastructure • Water Transfer • Water Sourcing Moved to • Water Sourcing • Water Recycling & Reuse • Water Containment • Water Logistics Water Services
Slide 4: Segment Reporting Overview – Strategic Rationale
Segment Reporting Overview – Strategic Rationale Effective June 1, 2023, Select revised how it aggregates its operating service lines into reportable segments to better reflect recent operational and economic changes in the business and the Company’s strategic priorities • Following these changes, S
Slide 5: Segment Reporting Overview – Gross Profitability by Segment
Segment Reporting Overview – Gross Profitability by Segment(1) • The Water Infrastructure segment will be dedicated to the Company’s strategic efforts and near-term growth priorities around increasing production-weighted and long-term contracted revenues around pipelines, recycling and disposal faci
Slide 6: Financial Profile by Reporting Segment – Recast Results
Financial Profile by Reporting Segment – Recast Results(1) Recast Results ($ in 000s) FY22 YTD 2023 Q1 Q2 Q3 Q4 FY2022 Q1 Q2 1H23 • All results included on this Revenue $198,620 $230,502 $264,271 $251,104 $944,497 $274,678 $264,597 $539,275 Gross Profit 13,532 23,582 39,053 20,841 97,008 32,137 34,8
Slide 7: Financial Profile by Reporting Segment – Prior Segment Results
Financial Profile by Reporting Segment – Prior Segment Results Prior Segment Results ($ in 000s) FY22 YTD 2023 Q1 Q2 Q3 Q4 FY2022 Q1 Q2 1H23 Revenue $163,606 $195,996 $221,243 $218,524 $799,369 $228,597 $236,202 $464,799 • Results shown on this Gross Profit 10,998 22,567 33,471 20,479 87,515 28,763
Slide 8: Financial Profile by Reporting Segment – Delta to Recast Results
Financial Profile by Reporting Segment – Delta to Recast Results(1) $ Change in Recast ($ in 000s) FY22 YTD 2023 Q1 Q2 Q3 Q4 FY2022 Q1 Q2 1H23 Revenue $35,014 $34,506 $43,028 $32,580 $145,128 $46,081 $28,395 $74,476 Gross Profit 2,534 1,015 5,582 362 9,493 3,374 (3,219) 155 Water Services Gross Marg
Slide 9: Questions regarding Select's Changes to Segment Reporting
Questions regarding Select’s Changes to Segment Reporting Changes to & Recast Financial Information can be directed to: Segment Reporting & Chris George Recast Senior Vice President – Corporate Development, Investor Relations & Sustainability Financial 1233 W Loop S, Suite 1400 | Houston, TX 77027 I
Slide 10: Appendix
Appendix 10
Slide 11: Non-GAAP Reconciliations Recast Results
Gross Profit before D&A Reconciliation – Recast Results 2022 2023 Q1 Q2 Q3 Q4 FY Q1 Q2 YTD Gross profit by segment Water services $ 13,532 $ 23,582 $ 39,053 $ 20,841 $ 97,009 $ 32,137 $ 34,881 $ 67,018 Water infrastructure 3,211 2,892 7,146 7,530 20,779 12,872 11,512 24,384 Chemical technologies 7,9
Slide 12: Non-GAAP Reconciliations Prior Segment Results
Gross Profit before D&A Reconciliation – Prior Segment Results ` 2022 2023 Q1 Q2 Q3 Q4 FY Q1 Q2 YTD Gross profit by segment Water services $ 10,998 22,567 $ 33,471 $ 20,479 $ 87,515 $ 28,763 $ 38,100 $ 66,863 Non-GAAP Water infrastructure 5,745 3,907 12,728 7,892 30,272 16,246 8,293 24,539 Oilfield
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