Flotek Industries, Inc. · NYSE:FTK
Flotek Industries — FY2021 Earnings Presentation
18 slides from Flotek Industries's earnings presentation, Mar 31, 2022
Slide 1: Investor Overview Fourth Quarter/Full Year 2021
INVESTOR OVERVIEW Fourth Quarter/Full Year 2021 March 2022 NYSE: FTK Exhibit 99.2
Slide 2: Forward-Looking Statements
2FLOTEK 2022 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, finan
Slide 3: Our Mission and Vision
3FLOTEK 2022 OUR MISSION AND VISION SUSTAINABLE CHEMISTRY & DATA SOLUTIONS COLLABORATIVE PARTNERSHIPS Our Vision Flotek Industries, Inc. creates solutions to reduce the environmental impact of energy on air, water, land and people. Our Mission To be the collaborative ESG partner of choice for sustai
Slide 4: Strategic Priorities
4FLOTEK 2022 STRATEGIC PRIORITIES Our Vision Flotek Industries, Inc. creates solutions to reduce the environmental impact of energy on air, water, land and people. Environmental Leadership - Focused on protecting people, land, air, and water Low Leverage - Use of equity instead of debt to position c
Slide 5: Company Overview
5FLOTEK 2022 Flotek Industries, Inc. is a technology-driven chemistry and data analytics company The Company operates through two divisions: - Chemistry Technologies segment provides sustainable, optimized chemistry solutions that maximize our customers’ value by elevating their ESG performance, low
Slide 6: Combined Team Management Experience
6FLOTEK 2022 COMBINED TEAM MANAGEMENT EXPERIENCE EXTENSIVE AND DEEP EXPERTISE John W. Gibson, Jr. Chairman, President & CEO Michael Borton Chief Financial Officer Ryan Ezell, Ph.D. Chief Operating Officer Nick Bigney SVP, General Counsel & Chief Compliance Officer James Silas, Ph.D. SVP, Research &
Slide 7: Advancing ESG for Our Customers
7FLOTEK 2022 ADVANCING ESG FOR OUR CUSTOMERS Green Chemistry DATA ANALYTICS & DIGITAL TRANSFORMATION ESG GREEN CHEMISTRY RESEARCH & INNOVATION COLLABORATION & SERVICE EXCELLENCE Our strategy is to improve our customers’ ESG performance through green chemistry and digital transformation solutions. •
Slide 8: Our Solutions: Accelerating ESG Goals for Our Customers
8FLOTEK 2022 Reduced greenhouse gas emissions and waste OUR SOLUTIONS: ACCELERATING ESG GOALS FOR OUR CUSTOMERS Flotek offers groundbreaking green solutions that combine the power of technology driven specialty green chemistry with the insight of real-time data analytics. Our solutions accelerate ex
Slide 9: Differentiated Products in the Right Markets
9FLOTEK 2022 DIFFERENTIATED PRODUCTS IN THE RIGHT MARKETS Green chemistry and digital technologies combine to create market opportunity. Flotek Energy Chemistry Technologies Solving the toughest drilling, cementing, stimulation and production challenges—sustainably. • Drilling & Cementing • Stimulat
Slide 10: Solutions That Span the Full Stream
10FLOTEK 2022 SOLUTIONS THAT SPAN THE FULL STREAM Sustainable chemistry solutions and real-time digital monitoring solutions applications from wellhead to distribution across all phases including oil, condensate and gas. UPSTREAM MIDSTREAM DOWNSTREAM AP PL IC AT IO N EN ER GY CH EM IS TR Y • Cementi
Slide 11: Q1 2022 Update: ProFrac Contract & Proxy Vote
11FLOTEK 2022 Q1 2022 Update: ProFrac Contract & Proxy Vote
Slide 12: ProFrac Supply Agreement and Proposed Amendment
12FLOTEK 2022 On Feb. 2, 2022, Flotek announced it had closed a three-year supply agreement with ProFrac. • Contract begins April 1, 2022. • Flotek will provide chemistry solutions to a minimum of 10 or 33% of ProFrac’s fleets • Projected annual revenue: $75+MM • Contract protection value: ~$49.6MM
Slide 13: Q4 & FY 2021
13FLOTEK 2022 Q4 & FY 2021
Slide 14: Fourth Quarter & FY 2021 Financial Highlights
14FLOTEK 2022 FOURTH QUARTER & FY 2021 FINANCIAL HIGHLIGHTS Q4 2021 • Consolidated revenue in Q4 was up 20% from the third quarter, driven by increased activity with domestic and international energy chemistry customers and generally flat compared to the fourth quarter last year. • Q4 2021 sales for
Slide 15: Recent Financials
15FLOTEK 2022 Recent Financials Unaudited Condensed Consolidated Statement of Operations (in thousands, except share data)
Slide 16: Balance Sheet
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Slide 17: Cash Flow
Cash Flow “Tia FLOTEK \ [Cash flows from operating activities: Net loss ‘Adjustments to reconcie net loss to net cash used in operating activities: ‘Change in fir value of contingent consideration Depreciation and amatization Prowsion for doubttal accounts, net of recovers Inventory purchase commitm
Slide 18: Non-GAAP Financial Metrics
18FLOTEK 2022 Non-GAAP Financial Metrics