Simmons Energy Conference Gleneagles Goes Virtual September 2 and 3, 2020
ChampionX Overview Global leader in production-optimization solutions focused on collaboratively solving customer problems and enhancing well productivity Most trusted brands recognized for quality, performance, and customer…
ChampionX is Present Across the Wellsite 11 10 8 5 1 9 10 12 1 2 3 4 6 7 11 ARTIFICIAL LIFT DRILLING TECHNOLOGIES CHEMICAL TECHNOLOGIES DIGITAL 1. Progressive Cavity Pumps 4. ESP 6. Diamond Drill Bit Inserts 8.…
Both Short and Long-Term Trends Favor ChampionX Combined Company Positioning Focus on production (84% of combined revenues) which has Uncertain E&P capex historically been more resilient through a downturn than drilling &…
Portfolio Profile Geography1 Business Mix1 Top 20 Customer Profile 2 Latin America APAC Drilling & Completions OFS, 12% Independents & 4% IOCs & other NOCs Customers 11% Middle East 14% 48% 52% 50% & Africa U.S. 10%…
Value Creation in Oilfield Services & Equipment Top Box 2 Stronger in Downturn 1 Stronger Across Periods Financial / Capital Lowest revenue decline from peak to trough which contributes Strategy Operations Allocation to maintaining…
ChampionXs Value Creation Algorithm Consistent with Top Box Characteristics 1 2 3 Revenue Growth Margin Performance Capital Allocation Focus on stable revenue Maintain high margins After initial de-leveraging, growth from a…
Overview of Production Chemical Technologies Consumable, proprietary chemical solutions that enhance well production and maximize cash flow Pro Forma LTM Q2-20 over the multi-decade life of a well Revenue Full range of onshore,…
Production Chemical Technologies Has a Leading Position in the Global Oilfield Chemicals Market ChampionX benefits from top 3 leadership Estimated Global Production Chemicals Market Share positions across key categories: Corrosion…
Overview of Production & Automation Technologies Leading provider of production and automation equipment and digital solutions for global E&P operators LTM Q2-20 Revenue Proven brands known for performance reliability, technology,…
Artificial Lift Product Offering Managing the Life Cycle of the Well XSPOC Production Optimization Software Tools Smarten Hardware (RTU/Controllers) LTM Q2-20 Electrical Submersible Gas Lift & Rod Lift Other 2 Artificial Lift Pump…
Platform to Deliver Production Optimization Solutions and Accelerate Digital Adoption in the Oilfield Fluid and Chemical Injection Optimization Controlled dosing of chemicals for well ChampionXs Strong Track Record Chemical of…
Overview of Drilling Technologies Industry leader in polycrystalline diamond cutters for oil & gas drilling and diamond bearings LTM Q2-20 Revenue with industry reputation for innovation, quality and customer service Critical partner…
Product Overview: Polycrystalline Diamond Drill Bit Inserts & Bearings Polycrystalline Diamond Drill Bit Inserts Diamond Bearings State of the art custom designed and manufactured drill bit Diamond bearings in downhole tools is a fast…
Overview of Reservoir Chemical Technologies Full range of drilling, completion, and well stimulation chemistries addressing a wide range of Pro Forma LTM Q2-20 Revenue water, temperature, and pressure conditions Driving more…
Integration & Synergy Capture Update Cost Synergy Annualized Run-Rate Tracker Integration on track and progressing as scheduled Continue to expect run-rate of 75 million of cost synergies within 24 months of 75M closing, including…
Historical Financial Performance Revenue Adj. EBITDA and Margin1 Commentary 4,912 1,094 Combined business has substantial 16 19 CAGR: 6% 16 19 CAGR: 14% scale 2019 pro forma revenue of 3.5 3,874 3,650 billion 3,456 3,300 730…
Historical Segment Performance Combined Company Production Focused Revenue Combined Company Drilling / Completion Revenue Dollars in millions Production & Automation Technologies and Drilling Technologies and 3,794 Production…
Liquidity & Capital Allocation Strong Balance Sheet Disciplined Capital Allocation Priorities Near-term: in Millions June 30, 2020 Prioritize essential investments to maintain critical R&D and growth projects Use excess free…
Strong Investment Thesis Global leader in production-optimization solutions focused on the long-tail production phase of the well Differentiated portfolio of complementary products and services with well-known brands Broad and…
Appendix 22 Copyright 2019 Apergy. All rights reserved. Copyright 2020 ChampionX. All rights reserved.
Artificial Lift & Production Chemicals on a Single Platform to Enhance Customer Productivity Production Chemicals Reduce Artificial Lift Failures and Increase Equipment Run-life Creating Value for Customers Case Study Results:…
Reconciliations of Non-GAAP Measures 24 Copyright Copyright 2020 2020 ChampionX. ChampionX. AllAll rights rights reserved. reserved.
Notices & Disclaimers Pro Forma Results On June 3, 2020, Apergy Corporation closed on the acquisition of ChampionX Holding Inc. (the Transaction) and changed its name to ChampionX Corporation. Reported results reflect the respective…
Reconciliation from Net Income to Adjusted EBITDA and Adjusted EBITDA Margin ( in millions) Legacy Apergy Net Income to Adjusted EBITDA Legacy ChampionX Net Income to Adjusted EBITDA 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018…
Reconciliation from Pro Forma Net Income to Pro Forma Adjusted EBITDA and Pro Forma Adjusted EBITDA Margin ( in millions) ChampionX Pro Forma Adjusted EBITDA 2019 LTM Q2-20 Pro Forma Net income (loss) attributable to ChampionX 229…
Reconciliation from As Reported Results to Pro Forma Results ( in millions) Consolidated ChampionX Consolidated ChampionX Year ended December 31, 2019 Twelve months ended June 30, 2020 1 As Reported Adjustments Pro Forma As…
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