Flotek Industries, Inc. · NYSE:FTK
Flotek Industries — FY2021 Earnings Presentation
18 slides from Flotek Industries's earnings presentation, March 2022
Slide 1: Investor Overview Fourth Quarter/Full Year 2021
INVESTOR OVERVIEW Fourth Quarter/Full Year 2021 March 2022 NYSE: FTK
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: Our Mission and Vision
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 sustainable chemist
Slide 4: Strategic Priorities
STRATEGIC PRIORITIES Environmental Leadership - Focused on protecting people, land, air, and water Low Leverage - Use of equity instead of debt to position company for full cycle Our Vision Flotek Industries, Inc. Sustainable Revenue - Multi-year contracted revenue creates solutions to reduce the en
Slide 5: Company Overview
COMPANY OVERVIEW NYSE: FTK Marlow, OK Founded Monahans, TX Raceland, LA Waller, TX Houston, TX (HQ) 1985 Abu Dhabi, UAE Headquarters Employees Offices ~140 Countries with Clients Flotek Industries, Inc. is a technology-driven chemistry and data 15+ analytics company Research Centers The Company oper
Slide 6: Combined Team Management Experience
COMBINED TEAM MANAGEMENT EXPERIENCE EXTENSIVE AND DEEP EXPERTISE • New organizational structure, streamlined for operational efficiencies • Commercially and operationally adept team John W. Gibson, Jr. Ryan Ezell, Ph.D. • Extensive international experience Chairman, Chief Operating Officer President
Slide 7: Advancing ESG for Our Customers
DATA ANALYTICS & ADVANCING ESG FOR OUR DIGITAL TRANSFORMATION Green Chemistry GREEN CHEMISTRY CUSTOMERS Our strategy is to improve our customers’ ESG performance through green chemistry and digital transformation solutions. • Our products are positioned to deliver value in an ESG- focused world. • W
Slide 8: Our Solutions: Accelerating ESG Goals for Our Customers
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 Flotek driving of real-time data analytics. Maximize the green chemistry convergence of asset through data Reduc
Slide 9: Differentiated Products in the Right Markets
DIFFERENTIATED PRODUCTS IN THE RIGHT MARKETS Green chemistry and digital technologies combine to create market opportunity. CHEMICAL TECHNOLOGIES D ATA A N A LY T I C S Flotek Flotek Protekol JP3 Energy Chemistry Commercial & Consumer Digital Technologies & Technologies Professional Chemistry Data A
Slide 10: Solutions That Span the Full Stream
SOLUTIONS THAT SPAN THE FULL STREAM UPSTREAM MIDSTREAM DOWNSTREAM Sustainable chemistry solutions and real-time APPLICATION digital monitoring solutions applications • Cementing Chemistry • Flow Assurance from wellhead to • Improved Oil Recovery (IOR) CHEMISTRY ENERGY • Drilling Fluid Additives dist
Slide 11: Q1 2022 Update: ProFrac Contract & Proxy Vote
Q1 2022 Update: ProFrac Contract & Proxy Vote FLOTEK 2022 11
Slide 12: Collaborative Partnership
COLLABORATIVE PARTNERSHIP Integration of the largest private North American provider of hydraulic fracturing services by horsepower with industry leading sustainable chemistry provider On Feb. 2, 2022, Flotek announced it had closed a three-year supply agreement with NASDAQ: PFHC(pending) NYSE: FTK
Slide 13: Q4 & FY 2021
Q4 & FY 2021 FLOTEK 2022 13
Slide 14: Fourth Quarter & FY 2021 Financial Highlights
FOURTH QUARTER & FY 2021 FINANCIAL HIGHLIGHTS Q4 2021 FY 2021 • Consolidated revenue in Q4 was up 20% from the third quarter, • FTK completed 2021 with 0 Total Recordable Incidents (TRIR) and 0 driven by increased activity with domestic and international energy Non-Productive Time (NPT) for customer
Slide 15: Recent Financials
Recent Financials Unaudited Condensed Consolidated Statement of Operations (in thousands, except share data) FLOTEK 2022 15
Slide 16: Balance Sheet
Balance Sheet a FLOTEK Se Current assets: Cash and cash equivalents Restricted cash Accounts receivable, net of allowance for doubtfud accounts of $659 and {$1,316 at December 31, 2021 and December 31, 2020, respectively Inventories, net income taxes receivable Other current assets Assets held for s
Slide 17: Cash Flow
Cash Flow “a FLOTEK Ha ‘Cash flows from operating activities: Net loss ‘Adustments to reconcie net loss to net cash used in operating activities: ‘Change in fair value of contingent consideration Depreciation and amortization Provision for doubttul accounts. net of recoveries Inventory purchase comm
Slide 18: Non-GAAP Financial Metrics
Non-GAAP Financial Metrics FLOTEK 2022 18