NOW : Jefferies Industrials Conference - September 7, 2023

Investor Presentation

JEFFERIES INDUSTRIAL CONFERENCE

SEPTEMBER 7, 2023

Disclosure Statement

Statements made in the course of this presentation that state the Company's or management's intentions, hopes, beliefs, expectations or predictions of the future are forward-looking statements. It is important to note that the Company's actual results could differ materially from those projected in such forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time-to-time in the Company's filings with the U.S. Securities and Exchange Commission (SEC). Any decision regarding the Company or its securities should be made upon careful consideration of not only the information here presented, but also other available information, including the information filed by the Company with the SEC. Copies of these filings may be obtained by contacting the Company or the SEC.

In an effort to provide investors with additional information regarding our results as determined by U.S. Generally Accepted Accounting Principles (GAAP), we disclose various non-GAAP financial measures in our quarterly earnings press releases and other public disclosures. We use these non-GAAP financial measures internally to evaluate and manage the Company's operations because we believe it provides useful supplemental information regarding the Company's ongoing economic performance. The non-GAAP financial measures include: (i) earnings before interest, taxes, depreciation and amortization (EBITDA) excluding other costs (sometimes referred to as "EBITDA"), (ii) net income (loss) attributable to NOW Inc. excluding other costs and (iii) diluted earnings (loss) per share attributable to NOW Inc. excluding other costs. Each of these financial measures excludes the impact of certain other costs and therefore has not been calculated in accordance with GAAP. A reconciliation of each non-GAAP financial measure to its most comparable GAAP financial measure can be found in our earnings press release.

DistributionNOW At A Glance

• Operating for more than 160 years
• Comprehensive network of energy center, customer onsite and process solutions locations complemented with an online commerce channel

2022 Revenue by Reporting Segment

11%

United States	15%

Canada

International

74%

NYSE Ticker	DNOW	Employees	~2,475
Countries	~20	ERP System	SAP™
Locations	~170

• Support major land and offshore operations for key energy producing regions around the world
• Key markets: North America, South America, North Sea, the Middle East, Asia Pacific

2022 United States Revenue by Channel

22%

U.S. Energy

U.S. Process Solutions

78%

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Top Tier Supply Partners and Customers Across the Globe

Thousands of Suppliers in ~40 countries

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Supporting Customer Operations in ~80 countries

Drilling and Production

Midstream

Downstream

Industrial, RNG and Mining

Differentiated Value and Product Offerings

• Talent with deep product-application knowledge
• Deploying technology and regionalized distribution to grow market share and drive productivity
• Retaining proximity to customers through offsite, onsite and digital channels

	2022 Product Mix
Pipe	Valves
20%	19%

Pumps, Drilling

and Production

25%

Mill Tool, MRO,

Safety and Other

18%

Fittings and

Flanges

18%

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