Flotek Industries, Inc. · NYSE:FTK
Flotek Industries — Investor Presentation (January 2023)
10 slides from Flotek Industries's investor presentation, Jan 26, 2023
Slide 1: Investor Summary January 2023
JANUARY 2023 Investor Summary // NYSE: FTK Exhibit 99.1
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements set forth in this presentation constitute forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934) regarding Flotek Industries, Inc.’s business, financial conditio
Slide 3: Investment Summary
Investment Summary Investor Presentation / January 2023 // 3 • Rapid revenue growth phase • Transition to positive cash flow • Improving balance sheet • Capital light business model • Full cycle resilience FTK is a simple 2023 investment story
Slide 4: Flotek Industries (FTK) Company Overview
FLOTEK INDUSTRIES (FTK) Technology-driven chemistry and data analytics company Founded: 1985 Employees: 164 Countries with Clients: 15+ Corporate Headquarters: Houston Company Overview Energy Chemistry Technologies Sustainable stimulation chemistry to maximize production and minimize environmental i
Slide 5: Flotek Revenue Opportunity: Managing for Rapid Growth
Flotek Revenue Opportunity Managing for Rapid Growth Quarterly Consolidated Revenue Investor Presentation / January 2023 // 5 $- $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 Q1 2020A Q2 2020A Q3 2020A Q4 2020A Q1 2021A Q2 2021A Q3 2021A Q4 2021A Q1 2022A Q2 2022A Q3 2022A Q4 2022E • Q3 2022 reven
Slide 6: Path to Positive Adjusted EBITDA Margin
Path to Positive Adjusted EBITDA Margin Revenue Growth + Expense Management + Capital Light Growth = Positive *Adjusted EBITDA Margin Investor Presentation / January 2023 // 6 -80.0% -70.0% -60.0% -50.0% -40.0% -30.0% -20.0% -10.0% 0.0% Q1 2020A Q2 2020A Q3 2020A Q4 2020A Q1 2021A Q2 2021A Q3 2021A
Slide 7: Improving Balance Sheet
Improving Balance Sheet Total Debt – less than $400k: $4.4MM of $4.8MM PPP loan forgiven in January 2023 Cash Balance – $12.5MM (December 31, 2022 ) ProFrac Equity Investment • ProFrac invested $19.5MM in Flotek pre-funded warrants • Purchase of pre-funded warrants completed at a 20% premium to 30-d
Slide 8: Capital-light Growth
Capital-light Growth Marlow Liquid Blending Facility • Capacity ~ 60MM gallons/year • 35 bulk storage tanks: 755k gallons • Heated bulk storage: 195k gallons • Ambient bulk storage: 560k gallons Low Asset Utilization Rate Means Minimal Capex Required For Growth Investor Presentation / January 2023 /
Slide 9: Strategic Priorities
Strategic Priorities Flawless Execution Exemplary safety and service delivery Capital-light Growth No new capital required to support robust growth Environmental Leadership Focus on protecting people, land, air, and water Investor Presentation / January 2023 // 9 Sustainable Revenue 10-year contract
Slide 10: Investor Contact
Investor Contact Bernie Colson SVP – Corporate Development & Sustainability investors@flotekind.com (713) 726-5322 // NYSE: FTK
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