Slide 1: Key Takeaways: Fourth Quarter and Full-Year 2024
Key Takeaways © 2025 DNOW. All Rights Reserved Fourth Quarter and Full-Year 2024
Slide 2: Disclosure Statement
Disclosure Statement Statements made in the course of this presentation that state the Company's or management's intentions, hopes, beliefs, expectations or predictions of the future are forward-looking statements. It is important to note that the Company's actual results could differ materially fro
Slide 3: Key Takeaways 4Q24 and Full-Year 2024
Key Takeaways F o u r t h Q u a r t e r a n d F u l l - Y e a r 2 0 2 4 Presentation Key Takeaways 4Q24 and Full-Year 2024 Cash provided by operating activities was $122M for the fourth quarter of 2024 and $298 million for the full-year 2024, substantially beating expectations Revenue of $571M for t
Slide 4: Key Market Indicators
Key Takeaways F o u r t h Q u a r t e r a n d F u l l - Y e a r 2 0 2 4 Presentation Key Market Indicators WTI/Rig Counts U.S. Completions* U.S. DUCs* WTI avg of $71 per barrel for 4Q24 December ended with a U.S. December ended with a • completions count of 938 wells in DUC count of 5,263 wells in U
Slide 5: 4Q24 Segment Results (Year-over-Year)
KeyTakeaways Key Takeaways FFoouurrtthh QQuuaarrtteerr aanndd FFuul ll l--YYeeaarr 22002244 Presentation Presentation 4Q24 Segment Results (Year-over-Year) United States Revenue increased on a year-over-year basis driven primarily by acquisition contributions; partially offset by lower drilling and
Slide 6: Selected Quarterly Results: Revenue, Gross Margin, Net Income
Key Takeaways F o u r t h Q u a r t e r a n d F u l l - Y e a r 2 0 2 4 Presentation Selected Quarterly Results Net Income attributable to DNOW Inc. excl. Revenue & Gross Margin Percent Other Costs (Non-GAAP) ($ in millions) ($ in millions) 24.1% 23.5% 23.4% 23.3%* 22.6% 22.8% 22.9% * 22.3% * 21.8%
Slide 7: Selected Quarterly Results: EBITDA and Free Cash Flow
Key Takeaways F o u r t h Q u a r t e r a n d F u l l - Y e a r 2 0 2 4 Presentation Selected Quarterly Results EBITDA excl. Other Costs (Non- GAAP) Free Cash Flow* ($ in millions) ($ in millions) 8.6% 7.9% 8.0% 7.9% 7.8% 7.9% 7.9% $119 6.9% 6.9% $103 $79 $80 $72 $50 $47 $47 $47 $46 $45 $44 $42 $39
Slide 8: Selected Quarterly Results: Working Capital and Liquidity
Key Takeaways F o u r t h Q u a r t e r a n d F u l l - Y e a r 2 0 2 4 Presentation Selected Quarterly Results Working Capital excl. Cash and as % of Revenue Total Liquidity at December 31, 2024 ($ in millions) ($ in millions) 17.6% 17.7% 17.5% 16.7% 15.6% 15.8% 16.4% 15.7% 14.4% $256 $556 million
Slide 9: Capital Allocation Framework
Key Takeaways F o u r t h Q u a r t e r a n d F u l l - Y e a r 2 0 2 4 Presentation Capital Allocation Framework Formidable Balance Sheet… … to fund growth and capital allocation program Working Capital Efficiency Fund organic growth and efficient operations Efficient use of working capital • Worki
Slide 10: Share Repurchases
Key Takeaways F o u r t h Q u a r t e r a n d F u l l - Y e a r 2 0 2 4 Presentation Share Repurchases Repurchase Program Repurchased $5M(1) of shares during the ($ in millions) fourth quarter 2024 $80 million program completed during the fourth quarter 2024 Average price per share $11.39 for the $8
Slide 11: Strategic Growth Plan to Increase Shareholder Value
Key Takeaways F o u r t h Q u a r t e r a n d F u l l - Y e a r 2 0 2 4 Presentation Strategic Growth Plan to Increase Shareholder Value Focused on growing sustainable earnings and free cash flow through the cycle Inorganic Share buyback accumulation Support organic program strategy to grow Addition
Slide 12: Significant Improved Earnings
Key Takeaways F o u r t h Q u a r t e r a n d F u l l - Y e a r 2 0 2 4 Presentation Significant Improved Earnings Key trends and financial performance as market activity changes 2H 2014 ƚ 2018 2023 2024 U.S. Rigs: 1,907 U.S. Rigs: 1,032 U.S. Rigs: 689 U.S. Rigs: 600 U.S. Completions: 6,865 U.S. Com
Slide 13: Wrap-Up
Key Takeaways F o u r t h Q u a r t e r a n d F u l l - Y e a r 2 0 2 4 Presentation Wrap-Up Delivered $119 million of free cash flow in the quarter; $289 million for full-year 2024, a year where we grew revenue 2% year-over-year 4Q24 EBITDA* as a percent of revenue 7.9%; full-year 2024 EBITDA* as a
Slide 14: Investor Relations
Investor Relations Brad Wise Vice President, Digital Strategy & Investor Relations Contact email: ir@dnow.com For the most recent investor presentation, please click here