National Energy Services Reunited (NESR) Q1 2025 Earnings Call June 03, 2025 08:00 AM ET Company Participants Blake Gendron - Vice President of Investor Relations & Business DevelopmentSherif Foda - Chairman and Chief Executive OfficerStefan Angeli - CFOJ. David Anderson - Managing DirectorArun Jayaram - Vice PresidentGregory Lewis - Managing DirectorJeffrey Robertson - Managing Director Conference Call Participants Derek Podhaizer - Senior Research AnalystSaurabh Pant - Director & Equity Research Analyst O ...

Core Points - The company announced a cash dividend of RMB 0.2306 per share (including tax) for its A shares, totaling RMB 1,100,329,115.20 (including tax) based on a total share capital of 4,771,592,000 shares [1][2] Summary by Sections Dividend Distribution - The dividend distribution plan was approved at the company's annual general meeting on May 22, 2025, and the announcement was published on May 23, 2025 [1][2] - The cash dividend will be distributed to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, after the market closes on the registration date [1] Important Dates - The key dates for the dividend distribution are as follows: - Registration date: June 10, 2025 - Last trading date: June 11, 2025 - Ex-dividend date: June 11, 2025 - Cash dividend payment date: June 11, 2025 [2] Taxation Information - For individual shareholders and securities investment funds, the tax treatment of dividends varies based on the holding period, with specific tax rates applied [2][3] - For qualified foreign institutional investors (QFII), a withholding tax of 10% will be applied, resulting in a net cash dividend of RMB 0.20754 per share [3][4] - For investors through the Shanghai-Hong Kong Stock Connect, the same 10% withholding tax applies, with the same net cash dividend amount [4][5]

Summary of Cactus (WHD) M&A Announcement Conference Call Company and Industry - **Company**: Cactus, Inc. (WHD) - **Industry**: Oilfield Equipment and Services - **Acquisition Target**: Baker Hughes Surface Pressure Control (SPC) business Core Points and Arguments 1. **Acquisition Announcement**: Cactus announced the acquisition of a 65% controlling stake in Baker Hughes' SPC business for approximately $344.5 million, establishing a joint venture with Baker Hughes [6][12][10] 2. **Strategic Rationale**: The acquisition aims to create a global, capital-light oilfield equipment company, enhancing Cactus's geographic presence, particularly in the Mideast, a key growth market for oilfield services [6][10][8] 3. **Financial Metrics**: The transaction values the SPC business at approximately $530 million, with a purchase price representing a multiple of about 6.7x 2024 transaction-adjusted EBITDA [12][10] 4. **Revenue and Market Presence**: SPC generated nearly $500 million in revenue in 2024, with 85% of its revenue coming from the Mideast. The business has a strong backlog exceeding $600 million, indicating stable revenue potential [16][18][10] 5. **Operational Synergies**: Cactus expects to achieve approximately $10 million in annual cost synergies within one year post-acquisition, despite initial dis-synergies due to corporate infrastructure expansion [14][15] 6. **Market Dynamics**: Cactus aims to leverage its existing knowledge and relationships to enhance SPC's performance and capture market share in the Mideast, where it currently faces competition from major players like Schlumberger [48][50][49] 7. **Long-term Strategy**: The acquisition is seen as a pathway to expand Cactus's international footprint, with plans to pursue opportunities beyond the Mideast while maintaining a strong U.S. presence [53][52] Other Important Content 1. **Risk Factors**: The call included a disclaimer regarding forward-looking statements and the inherent risks associated with such projections [4][3] 2. **Financial Flexibility**: Cactus plans to maintain a conservative balance sheet and significant financial flexibility post-acquisition, with little to no net debt anticipated at closing [14][10] 3. **Cultural Integration**: Cactus emphasizes the importance of instilling its operational excellence culture within SPC to drive performance improvements [26][57] 4. **Market Share Potential**: There is significant room for market share growth in the Mideast, particularly in Saudi Arabia and Oman, where Cactus sees opportunities to improve SPC's competitive position [48][49] 5. **Aftermarket Services**: Over 30% of SPC's revenue comes from aftermarket services, providing a stable revenue stream that is less dependent on new drilling activities [18][16] This summary encapsulates the key points discussed during the conference call regarding Cactus's acquisition of Baker Hughes' SPC business, highlighting the strategic, financial, and operational implications of the deal.

2023 Interim Results Update 28 August 2023 1 Agenda Interim Results Review 2H23 Outlook Q&A 2 Disclaimer 3 ⚫ This presentation has been prepared by Anton Oilfield Services Group (the "Company") for corporate communications and general information only and may not be reproduced or redistributed to any person without the explicit permission of the Company. This presentation does not constitute any recommendation or offer to sell or subscribe for any class of securities or debentures of the Company or its subs ...

2023 Annual Results Release 1 2024.4.2 2023 Performance Review Contents 2024 Outlook Q&A 2 Disclaimer 3 ⚫ This document is prepared by Anton Oilfield Services Group ("the Company") solely for corporate communication and general reference, and may not be reproduced or forwarded to any person without permission from the Company. This document does not constitute any advice or invitation for the sale or subscription of securities or bonds of the Company or its subsidiaries (collectively "the Group") in any jur ...

1 2024.8.28 2024 Interim Results Release Review of H1 results Contents Outlook of H2 Q&A 2 Disclaimer 3 l This document has been prepared by Anton Oilfield Services Group (the 'Company') for its corporate communication and general information only and may not be reproduced or redistributed to any person without the permission of the Company. This document does not constitute any recommendation or invitation to sell or subscribe for any class of securities or debentures of the Company or its subsidiaries (co ...

2025.3.25 2024 Annual Results Release 2024 Performance Review Contents 2025 Outlook Q&A Disclaimer • The Company expressly disclaims any and all liability arising from the use of or reliance on any information or data (financial or otherwise) contained in this document. 3 • This document has been prepared by Anton Oilfield Services Group (the "Company") solely for corporate communication and general reference purposes. It may not be reproduced or distributed to any person without the prior consent of the Co ...

2019年全年业绩路演 2022 Interim Results Presentation Disclaimer The presentation material contains forward-looking statements. Such forward-looking statements are subject to various risks, uncertainties and assumptions, certain of which are not under our control, causing actual results and growth which may differ materially from these direct or indirect forward-looking statements. Forward-looking events and relevant development discussed herein may differ from the expectation of Hilong Holding Limited (the "Compan ...

Disclaimer The presentation material contains forward-looking statements. Such forward-looking statements are subject to various risks, uncertainties and assumptions, certain of which are not under our control, causing actual results and growth which may differ materially from these direct or indirect forward-looking statements. Forward-looking events and relevant development discussed herein may differ from the expectation of Hilong Holding Limited (the "Company"), and even never occur due to such risks, u ...

2019年全年业绩路演 2023 Interim Results Presentation Disclaimer The presentation material contains forward-looking statements. Such forward-looking statements are subject to various risks, uncertainties and assumptions, certain of which are not under our control, causing actual results and growth which may differ materially from these direct or indirect forward-looking statements. Forward-looking events and relevant development discussed herein may differ from the expectation of Hilong Holding Limited (the "Compan ...