Experienced Executive Team Mr. Bender has served as President and CEO since co-founding Cactus Wellhead, LLC (Cactus LLC) in 2011. Mr. Bender previously was President of Wood Group Pressure Control from 2000 to 2011. Scott Bender Mr.…
Investment Highlights A Leading Pure Play Pressure Control Equipment 1 Solutions Provider for Onshore Markets Innovative and Differentiated Products & Services 2 that Sustain Relative Margin Resilience 3 Dynamic Operating and…
Company Overview Cactus designs, manufactures, sells and rents highly engineered products which generate improved drilling and completions efficiencies while enhancing safety 2021 Revenue by Type Revenue ( in millions) 628.4 544.1…
Proprietary Equipment Across Drilling, Completion, and Production Phases of a Well Technologically advanced wellhead and frac solutions deliver greater reliability and time savings Designed for pad drilling and intense completion…
Differentiated Margin Profile Through the Cycle Total Adjusted EBITDA Margin (2014 2021) (1)(2) 2021 Adjusted EBITDA Margin (1)(2) 33% 27% 26% 22% 18% 18% 15% 14% 13% 13% 13% 9% 8% 7% 5% 4% Peer A Peer B…
Technologically Advanced Pad Drilling Wellhead Systems Cactus SafeDrill SafeDrill Advantages Safety Time Savings Fewer trips into Eliminates time confined space (cellar) consuming BOP - manipulation No BOP manipulation No waiting…
Favorable Macro Trends Benefit Cactus Improving Activity Environment Average Active U.S. Onshore Rigs(1) Recovery in energy demand driving 811 increased need for oil & gas production 700 Industry underinvestment in 2020 and 2021…
Innovations Enhance Rental Business Value Proposition Significantly reduce non-productive time (NPT) by increasing reliability and automation Increase safety and reduce costs by removing personnel from the exclusion zone Additional…
Differentiated Offerings Enable Customers to Meet ESG-Related Goals Faster Safer Cleaner Cactus enables customers to Cactus equipment increases Recently began deploying drill and complete wells faster employee safety by enabling:…
Small Expenditures Can Have a Big Impact on Operators Cactus Value Proposition Components of Onshore Well Costs(1) Cactus offerings make up a Other relatively small portion of the 15% overall cost to drill & complete a well…
Flexible and Scalable Operating Footprint U.S. Operations United States Service centers support field services and provide repair services Bossier City, Louisiana Manufacturing Facility Spread across all key producing basins…
A Dynamic Manufacturing Advantage; Responsive, Highly Scalable and Lower Cost Responsive manufacturing in the U.S. supplemented by high volume production in China Bossier City Facility Suzhou Facility Rapid-response manufacturing of…
Experienced and Well Aligned Management Team with Strong Industry Relationships Management is well incentivized as it owns approximately 20% of the business Over 80% of executive compensation deemed at risk Performance-based stock…
Well Established Relationships With High-Quality Customer Base 2021 Total Revenue by Customer Type 2021 Product Revenue by Customer Type 2021 Rental Revenue by Customer Type Majors Majors 8% 5% Majors Private 19% Private Private…
Recent Success With Private Operators Cactus U.S. Onshore Rigs Followed (Private Operators)(1) 79 72 62 42 29 20 17 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Cactus Onshore Rigs Followed with Private…
Execution Has Driven Equity Outperformance Share Price Performance of Cactus vs. the OSX since IPO 167% 0% (49%) WHD OSX Share Price Outperformed the OSX in 2018, 2019, 2020 and 2021 Note: Data based on share price…
History of Prudent Investment Strategy Goodwill, Intangible, Long-Lived & Other Asset Impairment Expenses (mm) (2015 2021) (mm) 10,597 7,722 1,000 750 664 656 500 251 250 133 37 0 - WHD Peer A Peer B Peer C…
Clean Balance Sheet & Low Capital Intensity Adjusted EBITDA(1) Net Capital Expenditures(2) ( in Balance Sheet & Capital Summary millions) Year-end 2021 cash balance of approximately 173.1 302 million 144.4 Full year 2022 net…
Recent Performance & Outlook Fourth Quarter 2021 Performance Revenues up 13% sequentially Product market share(1) of 42% Adjusted EBITDA margin(2) increased to approximately 28% Outlook & Recent Developments Q1 2022 Product…
Significant Growth Potential Through Geographic Expansion Percentage of 2021 Global Rig Count (Excluding Russia & Central Asia) 24% Countries where Cactus provided wellhead equipment prior to Areas of 2022 potential…
Cactus Is Committed to ESG Environmental Social Cactus, Inc. is committed to reducing its impact on the Cactus, Inc. is dedicated to improving lives and protecting human environment. We will continue to strive to improve our rights.…
Appendix
Company Organizational Structure Company Profile Organizational Structure(1) Ticker WHD (NYSE) Class A Shares Outstanding(1) 60.2mm CW Unit Public Class B Shares Outstanding(1) 15.7mm Holders Investors Total Shares Outstanding(1)…
Cactus Equipment Positioned on a Multi-Well Pad 1 2 3 4 1 4 3 1 1 Product Sold 2 Equipment Rented 3 Equipment Rented 4 Services Provided Wellheads are required Frac stacks are Zipper manifolds, mono- Assist with…
Non-GAAP Reconciliation Important Disclosure Regarding Non-GAAP Measures EBITDA and Adjusted EBITDA are not measures calculated in accordance with GAAP. EBITDA and Adjusted EBITDA are supplemental non-GAAP financial measures that are…
Investor Relations Contact John Fitzgerald Director of Corporate Development & Investor Relations 713-904-4655 IRCactusWHD.com 30
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