Cactus (WHD) investor relations material

Strategic acquisitions and business expansion

• Acquired FlexSteel business in February 2023, adding Spoolable Technologies segment to operations.

• Acquired 65% of Baker Hughes Pressure Control LLC (Cactus International) in January 2026, expanding global reach and Middle East presence.

• Multiple avenues for growth in Spoolable Technologies, including new product qualifications, midstream expansion, and international market penetration.

• Awarded significant international orders, including $110 million in Latin America and first major Middle Eastern contracts in 2026.

Financial performance and capital allocation

• YTD 2026 annualized revenue reached $1.68 billion, with 77% from Pressure Control and 23% from Spoolable Technologies.

• Adjusted EBITDA margin consistently outperformed peers, maintaining 28% in YTD 2026.

• Strong balance sheet with $366 million in cash and $224 million available on revolving credit facility as of Q2 2026.

• Increased quarterly dividend by 7% in July 2026, marking the fourth consecutive annual increase.

• Announced inaugural share repurchase program in June 2023, enhancing shareholder returns.

Product innovation and operational excellence

• Designs, manufactures, sells, and rents engineered equipment for drilling, completion, and production efficiency.

• SafeDrill® wellhead systems and FlexSteel spoolable pipe offer safety, time savings, and lower installation costs.

• Manufacturing footprint includes rapid-response and high-volume facilities in the U.S., Middle East, and Asia.

• Only manufacturer to hydro-test all FlexSteel pipe before shipment, with ongoing capacity expansions.