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Q3 2010 EARNINGS CALL – Newpark Resources Inc.

Newpark Resources Inc. · Oct 29, 2010 · 22 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q3 2010 EARNINGS CALL – Newpark Resources Inc. – slide 1
    Newpark Resources Presentation October 2010
  2. Q3 2010 EARNINGS CALL – Newpark Resources Inc. – slide 2
    Company Overview Specialized S i li d provider id of: f Fluids Systems and Engineering M t and Mats d IIntegrated t t d Services S i Environmental Services Customers: Oil and Gas Industry Key geographic markets: North…
  3. Q3 2010 EARNINGS CALL – Newpark Resources Inc. – slide 3
    Drilling Fluids Market Share 2009 Worldwide Fluids Market Newpark Resources 5.5% 7.2 billion market size Our O worldwide ld id market k t Baker Hughes 9.7% share has demonstrated Halliburton Corp. 24.6% growth over the past…
  4. Q3 2010 EARNINGS CALL – Newpark Resources Inc. – slide 4
    Technology Focused on providing customized solutions for o E&P & ope operators ato s to improve p o e their t e drilling d g economics Off-shore - Deepwater and Shelf Land Conventional and Unconventional Formations…
  5. Q3 2010 EARNINGS CALL – Newpark Resources Inc. – slide 5
    Customer Revenue Mix 2006 Fluids Systems & Engineering Revenue Growth G th with ith IOCs IOC and d NOCs NOC Results of strategic shift started in 2006 Focus on IOCs and NOCs NOC Why IOC Less competition versus independents…
  6. Q3 2010 EARNINGS CALL – Newpark Resources Inc. – slide 6
    International Revenue Growth/Mix 2006 Fluids Systems & Engineering Revenue Focused F d on driving d i i towards t d a 50/50 ratio of North American revenues to international revenue Why US To provide more stability; balance…
  7. Q3 2010 EARNINGS CALL – Newpark Resources Inc. – slide 7
    Fluids Systems and Engineering p of Operations Scope p - North America Serves major North America basins; recently expanded to Marcellus and Bakken Shale Approximately 16% share of U.S. markets served in first half 2010, up from…
  8. Q3 2010 EARNINGS CALL – Newpark Resources Inc. – slide 8
    Fluids Systems and Engineering Expanding p g Internationally y Core Operating Targeted markets Countries Brazil: Petrobras and IOCs Short-term Italy, Algeria, Libya and Tunisia Growth Potential N New market k t opportunities:…
  9. Q3 2010 EARNINGS CALL – Newpark Resources Inc. – slide 9
    Penetrating Brazilian Offshore Market 2ndd largest l t drilling d illi fluids fl id capacity in Brazil with 8 service locations Customers include Petrobras, XOM, Repsol, Maersk and Alvarado 2010 first-half revenues of 26.3…
  10. Q3 2010 EARNINGS CALL – Newpark Resources Inc. – slide 10
    Mats and Integrated Services Growth through new markets f matt rentals for t l Marcellus Colorado UK New environmental applications drive first-half 2010 growth Use of composite p mats to minimize adverse impacts of land…
  11. Q3 2010 EARNINGS CALL – Newpark Resources Inc. – slide 11
    Environmental Services Processes and disposes of E&P waste Non-hazardous oilfield waste Leading market position i U.S. in US GGulf lf Coast C t Uses low pressure injection technology Waste disposed into unique geological…
  12. Q3 2010 EARNINGS CALL – Newpark Resources Inc. – slide 12
    Q2 2010 Summary Operating performance continues to improve (1) Total revenues of 181 million in Q2 2010, a 13% increase i ffrom Q1 2010 EPS of 12 in Q2 compared to 9 in Q1 Gulf of Mexico 2.7 million of revenue related to…
  13. Q3 2010 EARNINGS CALL – Newpark Resources Inc. – slide 13
    Capital Structure As o f 6/30/201 0 (m m ) Strong balance sheet; debt Sum m ary ba la nce sh eet A s re ported Pro form a reduced 3 million in 2010 Cas h C 12 .2 2 43 .2 2 Revo lving credit facility 84 .0 0 .0 while activity has…
  14. Q3 2010 EARNINGS CALL – Newpark Resources Inc. – slide 14
    Summary & Market Outlook: 2010 Strong performance in all three segments U.S. land market good with uncertainty in the Gulf of Mexico Continued C ti d strength t th will be d ill b driven i by natural gas prices, storage…
  15. Q3 2010 EARNINGS CALL – Newpark Resources Inc. – slide 15
    Appendix NYSE: NR Newpark Resources, Inc. 16 October 2010
  16. Q3 2010 EARNINGS CALL – Newpark Resources Inc. – slide 16
    Financials Newpark Resources, Inc. Consolidated Statements of Operations (Unaudited) Three Months Ended Six Months Ended June 30, March 31, June 30, June 30, June 30, (In thousands, except per share data) 2010 2010 2009 2010 2009…
  17. Q3 2010 EARNINGS CALL – Newpark Resources Inc. – slide 17
    Financials Newpark Resources, Inc. Consolidated Balance Sheets (Unaudited) June 30, December 31, (I thousands, (In th d exceptt share h data) d t ) 2010 2009 ASSETS Cash and cash equivalents 12,213 11,534 Receivables, net…
  18. Q3 2010 EARNINGS CALL – Newpark Resources Inc. – slide 18
    Financials Newpark Resources, Inc. Operating Segment Results (Unaudited) Three Months Ended (In thousands) June 30, 2010 March 31, 2010 June 30, 2009 Revenues Fluids systems and engineering 150,534 150 534 136,310 136 310…
  19. Q3 2010 EARNINGS CALL – Newpark Resources Inc. – slide 19
    Financials Newpark Resources, Inc. Consolidated Statements of Cash Flows (Unaudited) Six Months Ended June 30, (In thousands) 2010 2009 Cash flows from operating activities: Net income (loss) 18,622 (20,791) Adjustments to…
  20. Q3 2010 EARNINGS CALL – Newpark Resources Inc. – slide 20
    Experienced Leadership Paul Howes President & CEO Jim Braun VP & CFO Mark Airola GC & Admin Officer Bill Moss VP Corporate Strategy & Development Interim President Mats & Integrated Services & Environmental Services Bruce B S…
  21. Q3 2010 EARNINGS CALL – Newpark Resources Inc. – slide 21
    Management Biographies Paul L. Howes, President & CEO: Paul joined Newparks Board of Directors and was appointed its Chief Executive Officer in March 2006. In June 2006, Mr. Howes also was appointed as Newparks President. Mr. Howes…
  22. Q3 2010 EARNINGS CALL – Newpark Resources Inc. – slide 22
    Management Biographies Bruce C. Smith, President Fluids Systems and Engineering: Bruce joined Newpark in April 1998 as Vice President, International. Since October 2000, he has served as President of its subsidiary Newpark Drilling…

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