NOW Inc. - Third Quarter 2020 Key Takeaways 2020 COPYRIGHT DISTRIBUTIONNOW
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: Third Quarter Key Takeaways 3Q20 revenue of 326M, down 12% sequentially from reduced activity due to impacts of COVID-19 and oil demand shock Gross margins of 19.0% increased 60 basis points sequentially, primarily…
ESG Response to COVID-19 Remained connected to our customers communicating impacts on product availability and accessibility, as DNOW designated as an essential business Corporate COVID-19 response team coordinating policies and…
DNOW Strategy to Unlock Value Gross margins improved sequentially due to increased Structural change towards a more centralized fulfillment model with smaller pricing and product mix with favorable impact from lower, branches and…
3Q20 Key Market Indicators WTI/Rig Counts U.S. DUCs U.S. Completions WTI avg 41 per barrel for 3Q20 September ended with a DUC count of September ended with 372 U.S. avg rig count of 254, down 36% 7,592 wells in EIA DPR regions 342…
Pipe Price Trends, U.S. dollar per ton ERW Seamless 2,000 3,000 1,800 2,500 1,600 1,400 2,000 1,200 1,000 1,500 800 1,000 600 400 500 200 - - ERW Domestic ERW Foreign Smls Domestic Smls Foreign Source:…
3Q20 Highlights U.S. Channels Energy Process Solutions 3Q Highlights 3Q Highlights Revenue of 180M, sequential decrease of Revenue 48M, sequential decrease of 19M or 13M or 7% 28% providing LACTs, SWDs and production Combined…
3Q20 Highlights Canada & International Canada International 3Q Highlights 3Q Highlights Revenue of 42M, up sequentially by 1M or 2% Revenue 56M, down 19% sequentially, due to Rightsizing of operations and supply chain across impacts…
Technology Investments for Reduced IT Service Costs and to Boost Productivity Order Management System (OMS) user interface enhancement to our current ERP. Project completed in Targeted Improvements U.S. and Canada. International…
Ecommerce channel continues to expand Ecommerce platform continues to grow Customer implementations completed during the quarter Majority of new implementations in the midstream space Currently working through backlog of customer…
CFO Highlights: Third Quarter Results GAAP net loss of 22M; net loss excluding other costs (a non-GAAP measure) of 17M Warehousing, selling & administrative expense lowered to 83M, down 14M sequentially EBITDA excluding other costs…
CFO Highlights: Selected Quarterly Results (Unaudited) Revenue Gross Profit and Margin % ( in millions) ( in millions) 20.0% 751 150 19.0% 18.4% 370 326 68 62 3Q19 2Q20 3Q20 3Q19 2Q20 3Q20 EBITDA Excl. Other Costs…
Cash Generation & Working Capital Management Free Cash Flow Working Capital Excluding Cash ( in millions) ( in millions) 565 23.7% 97 22.2% 18.8% 66 57 351 289 3Q19 2Q20 3Q20 3Q19 2Q20 3Q20 Free Cash Flow (FCF)…
Structural Transformation Warehousing, selling & Headcount reductions approximately 1,850, or 42%, to administrative (WSA) expense trends date since year end ( in millions) 700 Implementing consolidation measures combined with 650…
Liquidity and Capital Resources Entered into a five-year 750 million Total Liquidity at September 30, 2020 secured asset based lending facility (ABL) ( in millions) 534 in April 2018. 209 No financial maintenance covenants Fixed…
CEO Wrap Up Management focused on preserving cash position and enviable balance sheet with aggressive structural transformation Focused on profitable market share gains that align with our strategy to better position DNOW in the…
Loading...
