Conclusions The Flotek Portfolio Flotek is a Houston-based oilfield technologies company with focus on value-added drilling, completion and production products. We deliver our services through a network of field offices in key basins…
Conclusions Why Florida Chemical On May 10, 2013 Flotek Industries, Inc. announced the acquisition of Florida Chemical for 49.5 million in cash and 3.28 million shares of Flotek common stock. Acquisition will drive revenue and market…
Conclusions Florida Chemical: Research & Development Integration The combination of Flotek and Florida Chemical brings complementary research acumen together: Florida Chemicals unique focus on environmental innovation and Floteks…
Conclusions Florida Chemical: Renewing Environmental Stewardship The acquisition of Florida Chemical renews and intensifies Floteks commitment to environmental stewardship. Florida Chemicals FC-PRO operating company provides a…
Conclusions Florida Chemical: Diversity in Specialty Chemicals The acquisition of Florida Chemical provides Flotek with unique and exciting new opportunities to work in a variety of new industries with a variety of new customers,…
Conclusions Recent Initiatives: Middle East Developments Flotek recently announced it formed a joint venture with a subsidiary of Gulf Energy, an Omani integrated oilfield service company, to construct a chemical manufacturing and…
Conclusions Recent Initiatives: Enhanced Oil Recovery In late July, Flotek announced a letter of intent to acquire Eclipse IOR Services, or EOGA. In advanced stages of diligence and final negotiations. The addition of Eclipse will…
Conclusions Energy Chemical Technologies Business Drivers Continued trend toward unconventional resource plays in North America and in international markets. New product innovations: Research & development commitment leading to the…
Conclusions Drilling Technologies Business Drivers Downhole tool growth in key regions including Oklahoma and Eagle Ford Improvement in market share and pricing in drilling motors focus on key regions including Barnett, Bakken &…
Conclusions Artificial Lift Technologies Business Drivers Key customer relationships have evolved from Powder River Basin natural gas (CBM) focus to liquids focus in multiple basins. New pump system technology and partnerships…
Conclusions Financial Overview 3rd Quarter 2013 Highlights Three months ended Nine months ended September 30, 2013 September 30, 2013 Consolidated Revenue: 98.388mm 270.217mm EBITDA 19.171mm 52.231mm Income from Operations:…
Conclusions Where We Have Been
Conclusions Conclusions The acquisition of Florida Chemical is transformational for Flotek: Creates global leader in advanced industrial and consumer renewable and sustainable chemistry. Drives revenue and market share growth;…
Conclusions For More Information: Christopher S. Edmonds Senior Director Corporate Finance & Strategy 713-726-5376 cedmondsflotekind.com
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