Company Overview - Cactus designs, manufactures, sells, and rents highly engineered products for improved drilling and completions efficiencies and enhanced safety, with product revenue accounting for 64%, rental 14%, and field service & other 22% of total revenue[9] - The company's adjusted EBITDA margin has shown resilience, with YTD 2022 annualized margin at 31%[12] - Cactus has achieved significant U S onshore market share gains, reaching 41 8% in 2021[19] Financial Performance - The company's revenue increased from $341 2 million in 2017 to $632 2 million YTD 2022 annualized[9, 16] - Adjusted EBITDA increased from $112 1 million in 2017 to $195 7 million YTD 2022 annualized[12] - Adjusted EBITDA less net capital expenditures as a percentage of revenue was 26 9% YTD 2022 annualized[14] Strategy and Outlook - Cactus' SafeDrill wellhead systems offer safety and time savings advantages over conventional wellheads[33, 34] - The company is experiencing favorable macro trends, including an expected ~10% growth in the U S land rig count in 2023[44] - Cactus is expanding geographically, with potential for growth in regions outside the U S and Australia, which currently account for 76% of the global land rig count[49, 50] - The company is committed to ESG goals, offering solutions that enable customers to drill and complete wells faster, safer, and cleaner[51, 54]