Virtual 2020 Energy, Power & Renewables Conference June 16, 2020 - PDF document

Virtual 2020 Energy, Power & Renewables Conference June 16, 2020

Virtual 2020 Energy, Power & Renewables Conference June 16, 2020 • The Decline Curve Will Always Win • Core’s Differentiating Technologies • Core’s Industry Leading Shareholder Returns Fiscal Discipline that aligns with shareholder Fiscal Discipline that aligns with shareholder expectations has been a priority for Core Lab since our expectations has been a priority for Core Lab since our initial Public Offering in 1995. initial Public Offering in 1995. The Company’s industry -leading share performance The Company’s industry -leading share performance throughout the decades is the result of strict throughout the decades is the result of strict adherence to three financial tenets that continue to adherence to three financial tenets that continue to serve as pillars of Core’s success. serve as pillars of Core’s success. 2

Primary Business Drivers: • Reservoir Description: Laboratory-based Services with International & Oil Focus 80% of Revenue from international activities • Production Enhancement: Products and Services for Wellbore Completions 2/3 U.S. & 1/3 International Slide 6 Our services and products focus on maximizing incremental daily production rates and ultimate recovery rates to maximize our clients’ return on their investment. Slide 7 Core Lab targets the more stable, less volatile, production and production enhancement component of the oil companies’ capital and operating budgets . Clients are the IOC’s, NOC’s and technologically advanced independents. 3

Slide 8 On average, conventional reservoirs currently yield a recovery factor of approximately 40%. On average, unconventional reservoirs currently yield a recovery factor of approximately 9%. Throughout the Company’s history, Core’s forward - thinking scientists have focused their talents on developing services and products that enable Core’s global client base to take full advantage of reservoir optimization opportunities — present and future. Slide 10 Non-Invasive Technologies for Reservoir Optimization SM (“NITRO SM ”) services, which provide Fit-For-Reservoir TM (“ FFR TM ”) core and fluid analytical data analyses within a short timeframe. These proprietary and non-invasive techniques are utilized to characterize core from onshore and offshore reservoirs, including both conventional and unconventional targets. 4

Slide 11 Core’s game -changing Reservoir Optimized Completions Lab (“ROC Lab TM ”) was commissioned in 2019 and determines the best energetic solutions for a specific rock type. Core Lab continues to be the technological leader in the design of more efficient and effective energetic systems. Slide 12 ROC Lab TM is a collaborative development between the ballistics experts in Production Enhancement and the scientists in Core’s Reservoir Description rock, fluid, and laboratory instrumentation segments. This collaboration presents clients with the opportunity to obtain measured data on the interrelationships of rocks, pore fluids, and various energetic options, all at reservoir stress conditions. Core’s approach to the integrated perforating gun system market continues to focus on technologically sophisticated clients. Core’s line-up of energetic systems is led by technological solutions focused on ultra-high performance energetic products, versus commodity products, resulting in both greater reservoir performance and improved wellsite efficiency. 5

Core’s ReFrac TM technology delivers optimal and consistent holes through both strings of tubulars, regardless of gun position, allowing for new zones to be effectively pumped and stimulated. Operators ReFrac TM using technology have reported the capability to complete twice as many stages per day when compared to conventional perforating systems, reducing operating costs and improving cash flows. Core Lab’s wellbore diagnostics provide the client a bird’s eye view of their field post unconventional EOR. Our diagnostics show the production source and contribution by stage enabling the client to maximize their incremental recovery results and apply learning to future unconventional recovery. Slide 18 Growth Strategies • In-house design and engineering of new and enhanced reservoir optimizing technology enabling higher incremental and ultimate recovery rates. • We strive to offer our clients these technologies throughout our existing international laboratory platform. • We acquire complementary and strategically- positioned technologies. These three growth strategies have been essential ingredients to our improving performance. 6

This presentation may include forward-looking statements which should be reviewed in conjunction with important cautionary factors contained in our current 10-K security filings. 2020 Energy, Power & Renewables Conference Virtual June 16, 2020 Notes Page 7

2020 Energy, Power & Renewables Conference Virtual June 16, 2020 Notes Page 8

2020 Energy, Power & Renewables Conference Virtual June 16, 2020 Notes Page 9