Flotek Industries, Inc. · NYSE:FTK
Flotek Industries — Independent Petroleum Association of America San Francisco Oil & Gas Investment Symposium (September 2011)
15 slides from Flotek Industries's conference presentation, Sep 27, 2011
Slide 1: Lead. Support. Accelerate.
Exhibit 99.2 Lead. Support. Accelerate. a. FLOTEK
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 •Flotek’s Technology Portfolio& Business Drivers •Chemical Technologies and Related Logistics Services •Drilling Technologies •Artificial Lift Technologies •Financial Overview •Capital Structure Review •2011 & 2012 Objectives •Conclusions 2
Slide 4: Flotek's Technology Portfolio
Flotek’s Technology Portfolio • Houston-based oilfield services company with focus on value- added drilling, completion and production products. • Chemical Technologies and Related Logistics Services add value in the drilling, completion and production stages of oil and gas wells. • Drilling Technol
Slide 5: Flotek's 2011 Business Drivers
Flotek’s 2011 Business Drivers • Focus on improved marketing efforts • Increased focus on depth of Flotek market combined with expanding breadth of market in drilling technologies segment • Grow exposure to end user/beneficiaries of Flotek chemical technologies. • Look for select “new markets” for a
Slide 6: Chemical Technologies & Logistics Services
Chemical Technologies & Logistics Services • Core Competencies •Our chemical technologies focus on developing, manufacturing and distributing a wide array of specialty chemicals used in both the primary and secondary efforts. •Our unique and patented chemistries are used in cementing, stimulation, a
Slide 7: Drilling Technologies
Drilling Technologies • Core Competencies •Focused on designing, manufacturing and distributing a diverse inventory of downhole drilling equipment with applications in oil and gas drilling as well as mining, water and industrial drilling applications. •Flotek Rental Tools on > 25% of all rigs in the
Slide 8: Artificial Lift Technologies
Artificial Lift Technologies • Core Competencies •Focused on assembling, distributing, installing, and servicing a broad spectrum of pumping system components including electrical submersible pumps (ESPs), gas separators and other services that largely support coal bed methane (CBM) production, prim
Slide 9: First Half, 2011 Highlights
First Half, 2011 Highlights • Revenue of $108.8 million in first six months. • Operating Income of $17.2 million. • Net income of $7.6 million; extraordinary items impacted results. GAAP EPS (diluted) of $0.17. • Strength in Chemical and Drilling Products segments. • Growth in Complex Nano-Fluid mic
Slide 10: Select Balance Sheet Data (unaudited)
Select Balance Sheet Data (unaudited) Outstanding Debt (in millions) •Senior Secured Debt $ 0.0 •Secured (Second Lien) Convertible Notes* $ 36.0 •Convertible Subordinate Debt* $ 70.5 Total Outstanding Debt $ 106.5 *Debt matures in 2/2028; Put/Call Option 2/2013. Equity Recap •Shares Outstanding (Aug
Slide 11: 2011 Financial Objectives & Action Plan
2011 Financial Objectives & Action Plan • Conversion of Preferred Equity to Common Equity • Completed 2/2011 • Continue to Focus on Balance Sheet Improvement •Consider options for outstanding convertible debt. Toolbox is more robust than it was a year ago. • Completed $4.5 million debt-for-equity ex
Slide 12: Operating Comparisons to 2010; Balance Sheet Comparisons to 2009
Operating Comparisons to 2010; Balance Sheet Comparisons to 2009 • Significant Improvement in Revenue • First Six Months of 2010 - $59.5 million in revenue • First Six Months of 2011 - $108.8 million in revenue • Year-over-year revenue increase of 83%. • Significant Improvement in GAAP EPS • First S
Slide 13: Third Quarter, 2011 Snapshot (Through August)
Third Quarter, 2011 Snapshot (Through August) • July, 2011 Revenue of ~ $23 million • August, 2011 Revenue of ~ $25 million • Cash as of August 31 was ~ $17 million; Cash as of September 20 was ~ $23 million. • Operational Highlights • Continued progress in “direct” marketing of Chemical Segment. •
Slide 14: 2011-2012 Objectives
2011-2012 Objectives Lead •Lead in innovation, responsiveness and service quality for our customers in each of our key business units. •Senior leadership 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 st
Slide 15: IR@flotekind.com
— FLOTEK Lead. Support. Accelerate. 2930 W. Sam Houston Pkwy N. Suite 300 Houston, TX 77043 ph. 713.849.9911 IR@flotekind.com 14