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…
CEO Perspective: First Quarter Key Takeaways 1Q20 revenue of 604M, down 5% sequentially and 23% lower YOY resulting from reduced activity due to impacts of COVID-19 and oil demand shock U.S. revenue channels: 50% U.S. Energy Centers,…
ESG response to COVID-19 Established crisis business rules Remained connected to our customers communicating impacts on product availability and accessibility, as DNOW designated as an essential business Established a corporate…
DNOW Strategy to Unlock Value Deploying improved order management system coupled Scaling and right-sizing locations reduced to 220 to reflect market demand with SAP Suite on Hana leveraging Google Cloud to increase by consolidating,…
1Q20 Key Market Indicators WTI/Rig Counts U.S. DUCs U.S. Completions WTI avg 46 per barrel for 1Q20 March ended with a DUC count of 7,575 March ended with 1,070 U.S. avg rig count of 785, down 4% wells in EIA DPR regions 1,077 avg for…
Revenue per Global Rigs and Gross Margins, Trended in millions 1.6 21.0% 1.4 20.5% 20.0% 1.2 19.5% 1.0 19.0% 0.8 18.5% 0.6 18.0% 0.4 17.5% 0.2 17.0% 0.0 16.5% 1Q17 2Q 3Q 4Q 1Q18 2Q 3Q 4Q 1Q19 2Q 3Q 4Q 1Q20…
Pipe Price Trends, U.S. dollar per ton ERW Seamless 1,800 3,000 1,600 2,500 1,400 1,200 2,000 1,000 1,500 800 600 1,000 400 500 200 - - ERW Domestic ERW Foreign Smls Domestic Smls Foreign Source: Pipe Logix…
1Q20 Highlights and Future Drivers U.S. Channels U.S. Energy Centers U.S. Supply Chain Services U.S. Process Solutions 1Q Highlights 1Q Highlights 1Q Highlights Revenue essentially flat sequentially, with avg Revenue down sequentially…
1Q20 Highlights & Future Drivers Canada & International Canada International 1Q Highlights 1Q Highlights Revenue of 78M, sequential increase of 2M or 3% Revenue 85M, down 10% sequentially, due to project declines, location closures…
Technology Investments for Reduced IT Service Costs Order Management System (OMS) user interface enhancement to our current ERP. Project under Targeted Improvements development and will deliver: Increased response time to customer…
Investments in Digitalization to Grow Revenue Combination of distribution product, technology and IOT with DNOWs engineering and service offerings enabling access to valuable information that will lower customers operations and…
CFO Highlights: First Quarter Results GAAP net loss of 331M; net income excluding other costs (a non-GAAP measure) loss of 8M Warehousing, selling & administrative expense lowered to 130M, down 4M sequentially Operating loss of…
CFO Highlights: Selected Quarterly Results (Unaudited) Revenue Gross Profit and Margin % ( in millions) ( in millions) 20.1% 19.6% 19.4% 785 639 604 158 125 117 1Q19 4Q19 1Q20 1Q19 4Q19 1Q20 EBITDA Excl. Other Costs…
Cash Generation & Working Capital Management Free Cash Flow Working Capital Excluding Cash ( in millions) ( in millions) 69 22.0% 19.1% 17.9% 690 3 488 (20) 433 1Q19 4Q19 1Q20 1Q19 4Q19 1Q20 Working Capital…
YOY Revenue and Operating Profit (Loss) ( in millions) Unaudited 1Q19 1Q20 Revenue: United States 600 441 Canada 86 78 International 99 85 Total revenue 785 604 Operating profit: United States 19 (204) Canada 2 (58)…
Structural Transformation Warehousing, selling & Headcount reductions exceeding 1,250 since year- administrative (WSA) expense trends ( in millions) end 2019 and 1,450 since June 2019 700 650 638 Internal benchmarking: compare…
Liquidity and Capital Resources Entered into a five-year 750 million Total Liquidity at March 31, 2020 secured asset based lending facility (ABL) ( in millions) 594 in April 2018. 392 No financial maintenance covenants Fixed…
CEO Wrap Up: Key Takeaways Focused on profitable market share gains that align with our strategy to better position DNOW in the market Investing in our DigitalNOW initiative to position DNOW as the total digital solution provider for…
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