Flotek Industries, Inc. · NYSE:FTK
Flotek Industries — Independent Petroleum Association of America New York Oil & Gas Investment Symposium 2011
14 slides from Flotek Industries's conference presentation, Apr 11, 2011
Slide 1: Lead. Support. Accelerate.
Exhibit 99.2 Lead. Support. Accelerate. — — 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 •2010 Preliminary Highlights and Accomplishments •Flotek’s Technology Portfolio& Business Drivers •Chemical Technologies and Related Logistics Services •Drilling Technologies •Artificial Lift Technologies •Financial Overview •2011 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: 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 6: 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 7: 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 8: 2010 Highlights
2010 Highlights • Financial Highlights • $147 million in revenue for year • $47.5 million in revenue for 4Q2010. Consistent sequential growth in revenue in each calendar quarter • Managed and grew cash position of Company. Year-end cash of ~$19 million. (Cash balance as of 3Q2009 was ~$600,000) • Re
Slide 9: 2010 Highlights
2010 Highlights • Strengthened leadership team with the Addition of Johnna Kokenge as Chief Accounting Officer •More timely and accurate reporting, both internal and external •Focus on information management systems •Improved efficiency and accounting support for all Flotek operations • Strengthened
Slide 10: First Quarter, 2011 Preliminary Highlights
First Quarter, 2011 Preliminary Highlights • Revenue > $50 million in first quarter. • Strength in Chemical and Drilling Products segments. • Growth in Complex Nano-Fluid microemulsions with focus on key unconventional plays. • Expansion of chemistry applications to liquids in both primary and enhan
Slide 11: Select Balance Sheet Data (unaudited)
Select Balance Sheet Data (unaudited) Outstanding Debt (in millions) •Senior Secured Debt Due 11/2012 $ 31.8 •Secured (Second Lien) Convertible Notes* $ 36.0 •Convertible Subordinate Debt* $ 75.0 Total Outstanding Debt $ 142.8 *Debt matures in 2/2028; Put/Call Option 2/2013. Equity Recap •Shares Out
Slide 12: 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. •Consider options for more conventional sen
Slide 13: 2011 Objectives
2011Objectives 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 stakehol
Slide 14: IR@flotekind.com
Flotek’s Technology Portfolio IR@flotekind.com 13