ChampionX to Acquire RMSpumptools Limited

March 22, 2024

Notices & Disclaimers

Forward-Looking Statements

This investor presentation contains statements relating to future actions and results, which are "forward-looking statements" within the meaning of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such statements relate to, among other things, ChampionX's market position and growth

opportunities. Forward-looking statements include statements related to ChampionX's expectations regarding the performance of the business, financial results, liquidity and

capital resources of ChampionX, and the projected revenue and adjusted EBITDA of RMSpumptools. Forward-looking statements are subject to various assumptions by the Company, and inherent risks and uncertainties that could cause actual results to differ materially from current expectations, including, b ut not limited to, changes in economic, competitive, strategic, technological, tax, regulatory or other factors that affect the operation of ChampionX's businesses. You are encouraged to refer to the documents that

ChampionX files from time to time with the Securities and Exchange Commission ("SEC"), including the "Risk Factors" in Champi onX's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and in ChampionX's other filings with the SEC. Readers are cautioned not to place undue reliance on ChampionX's forward-looking

statements. Forward-looking statements speak only as of the day they are made and ChampionX undertakes no obligation to update any forward-looking statement, except as required by applicable law.

Non-GAAP Measures

This investor presentation contains projected adjusted EBITDA for RMSpumptools. Adjusted EBITDA is a non-GAAP financial measure. ChampionX has not provided projected net income for RMSpumptools, the most directly comparable GAAP measure, or a reconciliation of projected adjusted EBITDA. Management cannot predict with a reasonable degree of accuracy certain of the necessary components of net income for RMSpumptools, such as depreciation and amortization expense. As such, a reconciliation of projected adjusted EBITDA to projected net income of RMSpumptools is not available without unreasonable effort. The actual amount of one-time expenses associated with the proposed acquisition of RMSpumptools and its separation from James Fisher and Sons plc, and other amounts to be excluded from projected adjusted EBITDA, could have a significant impact on net income for RMSpumptools.

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Copyright 2024 ChampionX. All rights reserved.

Copyright 2021 ChampionX. All rights reserved.

RMSpumptools Limited

A leading manufacturer of electrical submersible pump completion tools

40+ years of experience as established technology leader for challenging electrical submersible

pumps (ESP) applications

Highly-engineered electrical and mechanical product solutions designed to integrate seamlessly

with full range of ESP operations

Experiencing double-digit growth driven by strong presence in international & offshore markets

Anticipated 2024

Complementary RMSpumptools portfolio aligns seamlessly with ChampionX's existing offerings,

with minimal overlap

Revenues $65MM

RMSpumptools' 25%+ adjusted EBITDA margin is accretive to ChampionX, and its low capital

Adjusted EBITDA $18MM

intensity is consistent with ChampionX's portfolio profile

Product Mix1

Subsea Connectors Other & Sensor Systems

Mechanical

Completion

Systems &

Intervention

3 Tools

Electrical

Penetrators

&

Connector

Systems

1. Based on 2023 revenue.

Geographic Mix1

Offshore/Onshore Mix1

Europe Africa

Asia

Middle

Pacific

East

Onshore

Offshore

Latin

America

North America

ChampionX. All rights reserved.

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ChampionX Corporation published this content on 22 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 March 2024 09:45:08 UTC.