Table of Contents Page: Contents: 5 Ongoing Commitment to Our Environment, Social, and Governance (ESG) Goals 11 Energy Transition Opportunities 15 Company Operational and Financial Overview 19 Offshore/Manufactured Products…
Our Commitment to Sustainability As a technology-focused, energy services company, Oil States is focused on advancing the future of energy derived from traditional sources, while enabling pathways to a lower-carbon, multisource…
Ongoing Commitment to Our Environment, Social, and Governance (ESG) Goals 5
Awards and Recognition In September 2021, Cindy Taylor, President and CEO, was awarded the 2021 Energy Workforce & Technology Council ESG Accelerator Award for the 2021 Annual Meeting. The award recognizes Oil States as a company…
ESG Policies and Priorities Environment Social The Companys commitment to environmental matters is an Our Board of Directors and executive management team embrace integral part of our culture and business practices. It is our policy…
Environment Despite being a relatively low emissions generating company at present, Oil States has set a 3-year goal to achieve a 10% reduction of its GHG emissions (Scope 1 and Scope 2). Below are improvement initiatives being…
Social We have and continue to remain focused on improving gender diversity across our field and manufacturing operations, technical, business and management roles. o As of December 31, 2021, women made up approximately 19% of our…
Governance Management and all employees are responsible for day-to-day risk management, and each year management conducts a comprehensive risk assessment of Oil States business. Risk oversight is a responsibility of the Board of…
Energy Transition Opportunities Current Focus Areas: Deepsea Mineral Gathering and Offshore Wind Opportunities 11
Deepsea Mineral Gathering Systems Oil States, through its Offshore/Manufactured Products segment, continues to build momentum with the bidding and supply of complete subsea mineral gathering systems. With partners, Oil States has taken a…
Offshore Wind Systems Oil States possesses nearly 80 years of offshore experience supporting fixed and floating structures. This deep experience is translating into offshore wind opportunities where we continue to build a strong…
Offshore Wind Systems: Opportunities for Oil States Fixed Structure Foundation and Installation Systems Floating Wind Platform Mooring Systems & Installation Feeder Vessel and Platform Lifting/Handling Solutions Engineering &…
Company Operational and Financial Overview 15
Technology-Focused, Energy Services Company Designs manufactures and Long-term, technology-focused FY2021 Revenue sells capital equipment business driven by investments in by Segment utilized on floating production global deepwater…
Financial Position 102 million of liquidity as of Debt Maturity Profile at 12/31/21 (1) December 31, 2021 (availability under the asset-based credit facility (U.S. dollars in millions) plus cash on hand of 53 million). FY2021…
Global Footprint with Strong Customer Base North America Europe and Africa 50 Locations 7 Locations 1,850 Employees 200 Employees South America Asia, Middle East and Australia 3 Locations 5 Locations 150 Employees 200…
Offshore/Manufactured Products 19
Product and Service Offering Drivers Through our 25+ global manufacturing and service locations, we provide and support: Offshore Field Developments Engineered Equipment for Production Platforms Subsea Pipeline Equipment Primarily…
Historical Backlog Deepwater production infrastructure and large development projects are generally longer-term in nature, based on through-cycle economics, and less sensitive to commodity price volatility. Major project bidding and…
Bookings Trends & Revenue Components Backlog totaled 260 million on December 31, 2021 creating future revenue visibility o Historically 75%+ of backlog turns into revenues in forward twelve months Short-cycle product orders are poised…
Floating Production 2021 saw eight FPS awards with a total award value of 14 billion, highest since 2018. 2022-2025 may observe a further 75 FPS getting ordered with a total award value of 88 billion. Global FPS Market Outlook by Type…
Well Site Services 24
Well Site Services Wireline/ Frac/Pressure Extended Coiled Tubing Pumping Reach Flowback Support Support Technology Thru Tubing Strategy: o Proprietary, technology-driven, HPHT equipment which is well suited for increasingly…
Broad North American Coverage of U.S. Rig Region Locations Count (1) S. Texas, 6 360 Permian Northeast 5 47 Mid- Continent 3 96 Gulf Coast 4 12 (2) Rockies 2 48 Manufacturing/ 1 OKC Corporate/ 2 82 Other…
Well Site Services Offerings Well Site Services offers differentiated technology, expertise and know-how, including wireline support, frac stacks, isolation tools, Tempress tools (extended reach technology), flowback and ball…
Well Site Services Offerings (Continued) Flowback Combination Test Units Test Separators Flare Stacks Line Heaters Flow Iron Dual Plug Catchers Under Balanced Drilling Sand Separators Flowback Manifolds Ball Launchers…
Downhole Technologies 29
Downhole Technologies Overview GEODynamics, Inc. (wholly owned subsidiary) was founded in 2004 as a researcher, developer and manufacturer of consumable engineered products primarily used in completion applications. Provider of…
Downhole Technologies Product Offerings Engineered Perforation Solutions Completion Products Legacy Oil Tools Unconventional Completion Solutions Pioneered advancements in Proprietary frac plugs, toe Broad range of consumable…
Completion Intensity in the U.S. Customer adoption of advanced completions technology is driving demand for consumable completion products (driven by longer lateral lengths, increased frac stages and more perforation clusters for…
Product Developments and Market Initiatives Product development efforts are designed with wireline and E&P customers in mind. Our priority is for products to deliver: Scaling production to meet demand lowering cost of manufacturing o…
Conclusion 34
Outlook for Oil States Global macro supply/demand fundamentals have materially improved o High crude oil and natural gas prices o Growing rig and completion counts U.S. land-based activity continuing meaningful expansion (benefits…
Appendix 36
World Petroleum Liquids Production/Consumption Source: U.S. EIA - STEO (February 2022) 37
Macro Environment U.S. Led Downturn/Recovery 100.00 2016 - 2021 YTD 1,200 WTI Spot Prices vs. Total U.S. Rig Count 90.00 1,100 1,000 80.00 900 70.00 800 Baker Hughes Rig Count 60.00 WTI Spot Price 700 50.00…
Summary Financial Position (USD in millions, except percentages) 12/31/2021 (unaudited) Cash 53 Net Working Capital (excludes cash, current operating lease liabilities 221 and current portion of long-term debt) (1) Current…
Non-GAAP EBITDA Reconciliation FYE December 31, (USD in millions) 2017 2018 2019 2020 2021 Offshore/Manufactured Products Operating Income (Loss) 38 39 36 (81) 15 Other Income (Expense) 0 0 1 1 1 Depreciation and Amortization…
Free Cash Flow Reconciliation (USD in millions) For the Year End December 31, 2014 2015 2016 2017 2018 2019 2020 2021 Net Cash Flows Provided by Operating Activities 303 256 149 95 103 137 133 7 Capital Expenditures (199) (115)…
Non-GAAP Measures: EBITDA Reconciliation The terms Consolidated EBITDA and Adjusted Consolidated EBITDA consist of net loss plus net interest expense, taxes, depreciation and amortization expense, non-cash asset impairment charges and…
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