Investor Presentation Second Quarter 2014 May 12, 2014 This document contains confidential and proprietary information which is the property of Franks International. None of the information contained herein may be disclosed,…
COMPANY OVERVIEW 3
Franks International: A Leading Global Provider of Tubular Services Founded in 1938 75+ years of experience in well construction and tubular services Provides premium tubular services to E&P companies globally Focused on…
Well Positioned for the Future Strong Growth 10 year revenue CAGR of 13.5% 2013 Revenue 1,078 million Market Leader Tubular U.S. 1 or 2 market share in all major oil Sales Services 16% Onshore and gas markets(1) 16% Financially…
Growth Regions North Sea Gulf of Mexico Middle East Mexico West Africa Brazil Far East Rig count increases Market Share growth Future Growth Opportunities
Growth Opportunities Increase market share Geographic Well completions Workover and Intervention Acquire new technology and products to add broader scope to our current product and services offerings 7
TECHNOLOGY 8
Focus on Engineering and Proprietary Equipment Drives Superior Margins Proprietary equipment 108 U.S. Patents; 39 pending U.S. Patents as of 12/31/13 Majority of tools manufactured in- house Innovation driven by interaction…
Well Completion COBRATM Completion Control Line Manipulating System 6 U.S. Patents Ensure controls lines do not get damaged while running casing Interlocking system prevents slips from closing on the control lines…
Specialty Tubular Handling Fluid Grip Automated Tong Patented Non-metallic gripping system Allows for zero marking handling of corrosion-resistant alloy tubulars Packaged with Collar Load Support (CLS) for compete non-marking…
SERVICE 12
Focus on Providing Premium Service to our Customers Reputation is based on providing superior service to our customers Focused on complex wells whether onshore, shallow water or deep water 13
E&P Activity Drives Growth Opportunities Focus on well depth below the mud line Lower tertiary Pre-salt and Sub-salt Challenges: High Pressure, High Temperature Sour gas H2S Heavier casing and landing strings 14
SAFETY 15
Safety is the 1 Core Value 2013 Total Recordable Incident Rate: 1.13 2012 industry average: 1.67 2013 Lost Time Incident Rate: 0.33 2012 industry average: 0.39 Continuous training and safety focus Hands-on training rig in…
FINANCIAL PERFORMANCE 17
Financial & Investment Highlights 2013 results Revenue: 1,078 million Adjusted EBITDA(1): 439 million Adjusted EBITDA margin: 40.7% Cash (as of 3/31): 428 million Free cash flow generation in excess of capital requirements…
2014 Expectations Q2 2014 expectations Revenue between 270 million and 280 million Adjusted EBITDA margin around 40% 2014 expectations International Services revenue growth at least 10% U.S. Offshore revenue growth at least 10%…
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Recent Segment Results 2013 2014 ( in 000s) Quarter 1 Quarter 2 Quarter 3 Quarter 4 Full Year Quarter 1 (1) Revenue International Services 110,489 120,872 121,680 122,256 475,297 118,585 U.S. Services U.S. Land 39,814 45,381 46,454…
Recent Financial Results 2013 2014 ( in 000s) Quarter 1 Quarter 2 Quarter 3 Quarter 4 Full Year Quarter 1 Revenue 232,573 292,975 270,102 282,072 1,077,722 264,492 Operating Income 79,262 103,933 75,193 82,283 340,671 74,069 Income…
EBITDA Reconciliation FRANK'S INTERNATIONAL N.V. SELECTED OPERATING SEGMENT DATA December 31, 2013 (In thousands) 2013 2014 Q1 Q2 Q3 Q4 Full Year Q1 Segment Adjusted EBITDA: International Services 49,959 54,423 48,752 46,486…
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