Oil States International : OIS Investor Presentation March 2025

Published: 2025-03-18 08:30:06 ET OIS

INVESTOR

PRESENTATION

March2025

oilstatesintl.com

Oil States Enables Access to Energy

Cindy B. Taylor

President and Chief Executive Officer

"As a technology-focused manufacturing and energy services company, Oil States continues to provide products and services that advance the production of affordable and reliable energy. As part of our strategy, we continue to support our traditional oil and gas, military and industrial customers with new technologies and best in class service while using our core expertise to enable pathways toward a lower carbon, multi-source energy mix to meet growing global demand.

We are proud of our low-carbon initiatives that have been implemented across our global operations. We will continue to strive for improvements in the health and safety of our employees, to further our own sustainability initiatives, to assist our customers in their decarbonization efforts, and to support the communities in which we work

and live."

Oil States 2024 Sustainability Report: www.ir.oilstatesintl.com

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Investment Highlights

Global Energy Leader Providing Offshore, Onshore, International and Alternative

Energy Exposure

Oil States - A Value Opportunity

Global Energy Mix, Strong Offshore

and International, and Resilient

U.S. Land Driving Demand

Energy demand growth, major offshore projects, and onshore efficiencies driving upside potential

Improving Margin Performance, Reducing Costs / Capital Intensity

Advancing profitability through offshore margin expansion and streamlining of operations

Significant Offshore and

International Exposure, Onshore,

New Energies Upside

Our global footprint and customer relationships provide offshore & international growth with mid-term onshore and renewables upside

Extended Revenue Visibility

Long-term offshore project cycles, sustained bookings driving revenue confidence

Technology Advantages

Continuing to invest in market-leading technologies to support organic growth and differentiation

Robust Cash Flow Yields, Robust Returns

Strong cash flows with R&D investments

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4

Business and Operating Strategy is Strong with

Improving Returns

5

Macro Outlook:

Global Energy Mix, Strong Offshore

and International Spend, and Resilient U.S. Land

Driving Demand

Meeting the Energy Needs of a Growing Global Population

oilstatesintl.com

MACRO OUTLOOK

THERE IS A GAP IN ENERGY ACCESS

ACCESS TO AFFORDABLE, RELIABLE ENERGY IS KEY TO MODERN LIVING STANDARDS

TRADITIONAL AND NEW ENERGY SOURCES ARE ESSENTIAL

GLOBAL ENERGY MIX BY SOURCE

IEA

IPCC likely

Below 2°

Avg.

Source: ExxonMobil Global Outlook- August 2024, Oil States Management Outlook, International Energy Agency (IEA),

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Intergovernmental Panel on Climate Change (IPCC)

Strong Offshore, International and Alternative Energy Outlook

Poised for a multi-year upcycle

GLOBAL ENERGY MARKET EXPENDITURE (SELECT MARKETS)

$billions

500 400 300 200 100 0

2016

International Land OFS

Offshore Drilling

Offshore O&G EPCI

Offshore Wind EPCI

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

1) Source: Westwood Energy, 4Q24 Energy Outlook

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Offshore Upcycle Momentum Continues Going into 2025

Offshore EPC investment for 2024 closed at $52 billion, an 18% year-over-year increase. EPC contracting activity was driven by Latin America (47%) and Asia (16%) and Middle East (15%) regions. Total offshore EPC contract award value over the 2025-28 period is estimated at $212 billion, with spend to average $53 billion per year.

$70

Awarded Pre-Award

$60 Firm

Probable

Possible

Forecast

$50

$40

$30

$20

$10

$0

2017 2018 2019 2020 2021 2022 2023 2024

Source: Westwood Energy, 4Q24 Energy Outlook

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Completion Intensity Per Shale Well is Increasing

Increasing Well Completion Design and Product Requirements Over Time (2)

Leading Edge Permian Basin Well in 2014

Leading Edge Permian Basin Well in 2017

Leading Edge Permian Basin Well Today

Lateral length: 6,000 ft.

Lateral length: 8,200 ft.

Lateral length: 10,000 ft.+

Frac Stages: 25

Frac Stages: 40

Frac Stages: 80+

Perforating Clusters: 100

Perforating Clusters: 280

Perforating Clusters: 1,600+

Products Required Per Well:

Products Required Per Well:

Products Required Per Well:

Perforating Charges: 1,250

Perforating Charges: 2,000

Perforating Charges: 4,000+

Perforating Guns: 100

Perforating Guns: 280

Perforating Guns: 1,600+

Frac Plugs: 25

Frac Plugs: 40

Frac Plugs: 80+

Source: (1) Primary Vision Frac Spread Count QTD measure as of 3/14/2025 and 4Q24 average count was 225. (2) Well

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completion design and product requirements data are Company management estimates.

Disclaimer

Oil States International Inc. published this content on March 18, 2025, and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on March 18, 2025 at 12:29:05.468.