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Q2 2015 Earnings Call – Furmanite

Furmanite · Aug 4, 2015 · 18 slides

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Slides

  1. Q2 2015 Earnings Call – Furmanite – slide 1
    Furmanite Corporation QUARTER AND SIX MONTHS ENDED June 30, 2015 Jeffery G. Davis, Interim Executive Chairman Joseph E. Milliron, Chief Executive Officer & President Robert S. Muff, Chief Financial Officer & Chief Administrative…
  2. Q2 2015 Earnings Call – Furmanite – slide 2
    Furmanite Corporation QUARTER AND SIX MONTHS ENDED JUNE 30, 2015 Financial Review Robert S. Muff, Chief Financial Officer & Chief Administrative Officer 3
  3. Q2 2015 Earnings Call – Furmanite – slide 3
    Condensed Consolidated Income Statements (Amounts in 000s except per-share amounts) (Unaudited) For the Three Months Ended For the Six Months Ended June 30, June 30, 2015 2014 Change 2015 2014 Change Revenues 129,629 146,242 (16,613)…
  4. Q2 2015 Earnings Call – Furmanite – slide 4
    Consolidating Income Statements (Amounts in 000s except percentages) (Unaudited) For the Three Months Ended For the Three Months Ended June 30, 2015 June 30, 2014 Engineering Engineering Technical & Project Technical & Project…
  5. Q2 2015 Earnings Call – Furmanite – slide 5
    Consolidating Income Statements (Amounts in 000s except percentages) (Unaudited) For the Six Months Ended For the Six Months Ended June 30, 2015 June 30, 2014 Engineering Engineering Technical & Project Technical & Project Services…
  6. Q2 2015 Earnings Call – Furmanite – slide 6
    Revenues Adjusted for Currency Rates 2015 amounts at 2014 exchange rates (Amounts in 000s except percentages) (Unaudited) For the Three Months Ended June 30, % 2015 2014 Change Change Revenues: Americas 56,468 63,327 (6,859) -11%…
  7. Q2 2015 Earnings Call – Furmanite – slide 7
    Revenues Adjusted for Currency Rates 2015 amounts at 2014 exchange rates (Amounts in 000s except percentages) (Unaudited) For the Six Months Ended June 30, % 2015 2014 Change Change Revenues: Americas 111,210 116,173 (4,963) -4%…
  8. Q2 2015 Earnings Call – Furmanite – slide 8
    Operating Income Adjusted for Currency Rates 2015 amounts at 2014 exchange rates (Amounts in 000s) (Unaudited) For the Three Months Ended June 30, 2015 2014 Change Operating income (loss): Americas 8,130 7,619 511 EMEA 3,229 4,213…
  9. Q2 2015 Earnings Call – Furmanite – slide 9
    Operating Income Adjusted for Currency Rates 2015 amounts at 2014 exchange rates (Amounts in 000s) (Unaudited) For the Six Months Ended June 30, 2015 2014 Change Operating income (loss): Americas 14,545 11,496 3,049 EMEA 4,465…
  10. Q2 2015 Earnings Call – Furmanite – slide 10
    Condensed Consolidated Balance Sheets (Amounts in 000s) Unaudited June 30, December 31, 2015 2014 Cash 39,169 33,753 Trade receivables, net 121,118 110,219 Inventories, net 41,840 37,383 Other current assets 16,301 21,335 Total…
  11. Q2 2015 Earnings Call – Furmanite – slide 11
    Condensed Consolidated Statements of Cash Flows (Amounts in 000s) (Unaudited) For the Six Months Ended June 30, 2015 2014 Net income 3,688 5,523 Depreciation, amortization and other non-cash items 7,016 6,202 Working capital…
  12. Q2 2015 Earnings Call – Furmanite – slide 12
    Furmanite Corporation QUARTER AND SIX MONTHS ENDED JUNE 30, 2015 Operations Review Joseph E. Milliron, Chief Executive Officer & President 13
  13. Q2 2015 Earnings Call – Furmanite – slide 13
    The 1,955 technicians & engineers 74% of YTD revenues Americas 45 locations 395 technicians & engineers EMEA 18% of YTD revenues 24 locations 185 technicians & engineers APAC 8% of YTD revenues 16 locations 1,006…
  14. Q2 2015 Earnings Call – Furmanite – slide 14
    Furmanite Corporation Review of 2Q 2015 August 4, 2015 www.furmanite.com 15
  15. Q2 2015 Earnings Call – Furmanite – slide 15
    Furmanite Corporation QUARTER AND SIX MONTHS ENDED JUNE 30, 2015 Supplemental Information 16
  16. Q2 2015 Earnings Call – Furmanite – slide 16
    Geographic Data On-line Technical Services Revenues (Amounts in 000s) (Unaudited) Total Americas EMEA APAC On-line Services 2nd Qtr. 2015 33,075 23,233 6,935 2,907 On-line Services 2nd Qtr. 2014 37,238 23,286 10,894 3,058…
  17. Q2 2015 Earnings Call – Furmanite – slide 17
    Geographic Data Off-line Technical Services Revenues (Amounts in 000s) (Unaudited) Total Americas EMEA APAC Off-line Services 2nd Qtr. 2015 47,349 26,072 13,462 7,815 Off-line Services 2nd Qtr. 2014 54,506 32,111 13,221 9,174…
  18. Q2 2015 Earnings Call – Furmanite – slide 18
    Geographic Data Engineering & Project Solutions Revenues (Amounts in 000s) (Unaudited) Total Engineering & Project Solutions 2nd Qtr. 2015 38,214 Engineering & Project Solutions 2nd Qtr. 2014 39,953 Variance (1,739)…

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