Cycle-tested Executive Team with Deep Industry Experience Management team successfully led merger integration Helped found QES in 2014 as COO; CEO starting Q3 2019 27 years of industry experience Previously Managing Director Oilfield…
A Transformed KLXE Post-merger, KLXE transformed into industry leader Veteran operators throughout the organization People Significant investment among executives and key managers Performance culture Performance Detailed KPI…
KLX Energy Services (KLXE) Overview Company Overview Areas of Operation Leading U.S. onshore provider of value-added, mission critical oilfield services Focused on drilling, completion, production and intervention for the most…
KLXE / QES Merger Integration Success (dollar amounts in millions) Premier provider of drilling, completion, production and intervention solutions with a returns driven strategy Strategic Fit Minimal customer overlap with significant…
Diversified and Complementary Product Service Offering Primary Q1 2022 Product PSL1 Key Geography Select Products & Services Rev. Contribution Line Rockies, Southwest, MWD, K-Series mud motor, directional electronics…
KLXE Serves Top U.S. Operators in All Key Basins Served over 740 unique customers in 2021 with no customer accounting for more than 10% of 2021 revenue Diverse customer base Top 10 customers accounted for only 29% of 2021 Revenue…
Platform for Ongoing Consolidation The management team has extensive experience successfully integrating acquisitions and quickly extracting cost synergies History of retaining key employees through a merger and subsequent integration…
Go-Forward KLXE Strategy Focus on returning to positive free cash flow generation Return pricing to levels that drive acceptable margins and support reinvestment in our Pricing asset base and generate free cash flow Drive margin…
Industry Outlook 12
Supply / Demand Dynamics Favor U.S. OFS Market Recovery from COVID and surge in global demand following 7 years of declining upstream spending Geopolitics War in Ukraine structurally altered flow of global hydrocarbons, with the…
U.S. E&P Cash Cycle Since 2010 Capital discipline has driven delay of OFS recovery (dollar amounts in billions) 300 244 250 201 200 171 169 174 164 159 152 154 141 137 140 150 125 126 121 117 119 in billions 102…
Summary Income Statement (dollar amounts in millions) Summary Segment Income Statement Fiscal Quarter Pro Forma Calendar Quarter Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Revenue Rockies 18.2 29.4 24.3 33.6 37.4 35.3 43.3…
Balance Sheet (dollar amounts in millions) Summary Balance Sheet as of March 31, 2022 Assets Liabilities & Shareholders' Equity Cash 19.4 Accounts Payable 71.9 Accounts Receivable, net 107.0 Accrued Liabilities 37.2 Inventories…
Appendix 19
Reconciliation of Consolidated Net Loss to Adjusted EBITDA (loss) (dollar amounts in millions) Adj EBITDA Reconciliation Source: Company disclosure 20
Reconciliation of Segment Operating Income (loss) to Adjusted EBITDA (loss) (dollar amounts in millions) Rocky Mountains Segment Adj EBITDA Reconciliation Source: Company disclosure 21
Reconciliation of Segment Operating Income (loss) to Adjusted EBITDA (loss) (dollar amounts in millions) Southwest Segment Adj EBITDA Reconciliation Source: Company disclosure 22
Reconciliation of Segment Operating Income (loss) to Adjusted EBITDA (loss) (dollar amounts in millions) Northeast / Mid-Con Segment Adj EBITDA Reconciliation Source: Company disclosure 23
Segment Adjusted EBITDA Margin Reconciliation (dollar amounts in millions) Segment Adj EBITDA Margin Reconciliation Source: Company disclosure 24
SG&A Margin Reconciliation (dollar amounts in millions) SG&A Margin Reconciliation Source: Company disclosure 25
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