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September, 2012

IPAA OGIS San Francisco 2012 September 24, 2012. September, 2012. 1. Forward Looking Statement Disclaimer.

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September, 2012

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  1. IPAA OGIS San Francisco 2012 September 24, 2012 September, 2012 1

  2. Forward Looking Statement Disclaimer Certain statements and information included in this presentation constitute “forward–looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on certain assumptions and analyses made by the Company’s management in light of its experience and its perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. These statements involve known and unknown risks and uncertainties, some of which are outlined in the Company’s most recent 10-K and subsequent 10-Qs, which may cause the actual performance of Flotek to be materially different from any future results expressed or implied in this presentation and the forward-looking statements. Flotek undertakes no obligation to update any of its forward-looking statements for any reason.

  3. Flotek’s Focus: A Deleveraging Oilfield Technology Growth Story • Flotek continues to further deleverage its balance sheet providing the company the ability to both address its obligations and fund its current growth from internally generated capital. • In the first six months of 2012, Flotek has reduced its debt by $51 million. • Since March, 2009, Flotek has reduced debt by $99 million or 64%. • At the same time, Flotekcontinues to increase its cash flow generation. • Flotek’s cash balances have increased from just $600,000 on March 31, 2009 to $19 million as of August 7, 2012. • During the second quarter, Flotek used cash on hand to repurchase $15 million of convertible notes and paid $4 million in federal and state taxes. • In August, made tax and interest payments. Cash remains strong. Reduction in Debt PLUS Acceleration of Cash EQUALSFlotek’s Powerful Engine for Future Growth

  4. Financial Performance in Context

  5. Second Quarter, Continuing 2012 Success • Flotek’s Second Quarter Results Show Continued Compelling Growth Among U.S. Oilfield Technology Companies • Revenues for the second quarter, 2012 were $78.3 million, an increase of 40% from second quarter, 2011 results. • As reported and excluding non-cash items expenses related to the fair value of warrant liability and early retirement of debt, Flotek earned ~$0.29 per common share. • Gross margins remained strong at 42.2%. • Flotek continues to generate record levels of cash. The Company’s cash balance at the end of 2Q2012 was $10.7 million.

  6. The Flotek Oilfield Technology Portfolio • Flotek is a Houston-based oilfield services company with focus on value-added drilling, completion and production products. We deliver our services through a network of field offices in key basins across North America and through strategic partnerships internationally. • Chemical Technologies and Related Logistics Services add value in the drilling, completion and production stages of oil and gas wells. • Drilling Technologies provide solutions during the drilling stage of oil and gas wells from motors and actuated tools to our best-in-class Teledrift technologies. Artificial Lift Technologies address a number of production challenges for oil and gas companies • Our diverse mix of products and services touch every stage of the life cycle of a well. And, while each technology requires unique technical expertise, all of our technologies share a commitment to our vision to provide best-in-class technology, cutting-edge innovation to address the ever-changing challenges of our customers and exceptional customer service.

  7. Key Technology Drivers: Specialty Chemicals • Continued trend toward unconventional resources plays in North America and in international markets. • New product innovations: Research & development commitment leading to the “next generation” Complex Nanofluids (CnF) and other “on demand” chemistry solutions. • New markets: Liquids growth, enhanced oil recovery applications and basin-specific solutions. • International markets: Continued growth from Basin Supply partnership and additional opportunities. • Marketing penetration to both service companies and E&P end-users that convey compelling economic benefits of CnF. • Environmental focus: Flotek filed first patent on environmentally friendly products in 2003. • Commitment to Research: Creating durable client relationships.

  8. Key Technology Drivers: Specialty Chemicals Flotek’sCnF™ is a Suite of Chemistries that Combines to Enhance Completion Efficacy and Ultimate Production Economics Surfactants Shampoo Dish Soap Solvent CnF Fruit Juices Hand Cleaners Alcohols Vanilla Flavoring Mouthwash Water Tap Water Bottled Water

  9. Key Technology Drivers: Specialty Chemicals The economic impact of our proprietary CnF chemistries can be seen in the following video demonstration. This video can be found at www.flotekind.com

  10. Key Technology Drivers: Drilling Tools • 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 & Eagle Ford. • Teledrift focus: Continued growth in domestic markets. Pricing strength in Permian Basin. Remote technology should enhance Teledrift pricing and market share • International expansion. Focus on Saudi Arabia and Middle East, Central & South America, Russian Federation. • Technology Focus: Remote view of Teledrift results.

  11. Key Technology Drivers: Teledrift Remote • Remote system allows you to select region and specific jobs. Also provide the ability to look at all job details in a single page. • Details of well direction can be seen both graphically and in chart form. Certification sheet also provided. • iPhone & Android apps available.

  12. Key Technology Drivers: Artificial Lift • Key customer relationships in Powder River CBM. Flotek improved key customer relationships in 2010 which provided additional service revenue in 2011 even as natural gas prices tumbled.. • We have made significant progress in growing our oil exposure: • Successful installation of Petrovalvein the Niobrara with mainstream participants. Repeat business beginning to build. • ESP brand recognition growing. We are competing for major ESP jobs with gross margins in the 50% range. • New significant customer in the Bakken establishes new territory for Flotek. • International sales of Petrovalve provide significant upside.

  13. 2012 Business Objectives • Continued focus on improved marketing efforts • Key objective to reach ultimate beneficiaries of property CnF chemistries. Combination of working with service companies and working independent of service companies to sell E&P companies on economic benefits of CnF. • Increased emphasis on “depth” of relationships along with “breadth” of relationships. “Is Flotek in your well” provides multiple touch point opportunities. • Introduce the “next generation” of CnF chemistry technologies to the market. • Continue to focus on more balanced revenue mix: liquids vs. natural gas. Continued to build a “hydrocarbon agnostic” suite of leading-edge, proprietary technologies. • Continue to pursue international opportunities through partnerships, established relationships and key agents. • Opportunities for Flotek chemical technologies to be utilized in Enhanced Oil Recovery (EOR). • Consider prudent opportunities to deploy cash balances to enhance long-term growth.

  14. Flotek in 2012: Making a Difference • In short, Flotek’s vision in 2012 is to make a difference in the lives of everyone we touch: our clients, our employees, our communities, our shareholders and the environment. • We will make a difference for our clients by be the leading provider of specialty oilfield technologies and remaining committed to our industry-leading position as a provider of innovative solutions for unique challenges from drilling to production. • We will make a difference for our employees by creating a challenging yet supporting work environment full of excitement and opportunity. • We will make a difference for our shareholders by striving to provide industry-leading returns and accelerating profitable growth across our business • We will make a difference in our communities by being good corporate citizens, supporting philanthropic projects and encouraging our team members to give back to the communities in which they live. • We will make a difference to the environment by being good stewards of our natural resources and remaining committed to creating environmentally friendly solutions to the oilfield challenges we address.

  15. IPAA OGIS San Francisco 2012 September 24, 2012 September, 2012 15

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