Franks International page Johnson Rice Energy Conference Presentation September 29, 2015 This document contains confidential and proprietary information which is property of Franks International. None of the information contained…
Franks International page 3 Company Overview Over 4,000 employees in 60 countries on 6 continents This document contains confidential and proprietary information which is property of Franks International. None of the information…
Franks International page 4 Investment Highlights Leveraged to deep, complex 2014 Revenue Contribution wells primarily offshore with 1.2 billion blue-chip customer base Strong free cash flow in excess of capital investment…
Franks International page 5 Record Setting Technology 283 patents issued worldwide, 15 issued in 2015 Industrys first 1,500 ton load rating equipment Manufactured out of wrought materials (no castings) Recent record setting jobs…
Franks International page 6 Customer Value Proposition Reduced Safer Increased Rig Time Operations Well Integrity Extended Range Handling Remote Tong System Fluid Grip Tong Tools This document contains confidential and…
Franks International page 7 Full Cost of Ownership Value Creation1 Tubular running service costs are higher on a per unit basis versus competition, but customer full cost of ownership 3 million lower due to reduced rig time.…
Franks International page 8 FI Offshore Market Share Franks Market Share 25% Addressable Market Size 440 Rigs 96 Rigs 145 Rigs 63 Rigs 111 Rigs 57 Rig 114 Rigs Source: FI internal data Includes all offshore rigs…
0 2 4 6 8 -8 -6 -4 -2 10 -10 Canada Canada-Oil Sands United States United Kingdom Australia U.S. Deepwater GOM Norway Canada - Offshore Colombia Poland China Mexico Russia Oman U.A.E Source: Energy…
Franks International page 10 Global Crude and Condensate Production Outlook More complex and costly exploration and development will be needed to keep pace with demand as current producing fields decline This document contains…
Franks International page 11 Supply & Demand Balance Breakdown 98.0 3.5 2.9 3.0 96.0 2.5 Supply / Demand Imbalance 94.0 Millions of Barrels per Day 2.0 1.7 92.0 1.5 90.0 1.0 0.5 88.0 0.0 86.0 -0.5 84.0…
Franks International page 12 Rig Counts vs. Revenue and EBITDA International Onshore and Global Offshore rig counts have each declined a modest 14% year over year versus 48% in U.S. Onshore FI Revenues and EBITDA are more closely…
Franks International page 13 M&A Opportunities Bid/Ask spread narrowing, but still not there yet Time is on our side being thoughtful, deliberate, and strategic Focused on targets that support strong margins Under-represented…
Franks International page 14 Controlling What We Can 20MM of realized cost savings in 2015, 30MM annualized beginning full year 2016 Reduced workforce by 15% since year-end 2014 Reduced Days Sales Outstanding 5 since year-end…
Franks International page 15 Strategic Plan for Creating One Franks Maximize value creation in existing markets Grow Existing Develop New Markets Markets Expand to new markets & customers Focus on new technology while…
Franks International page 16 Proud History - Progressing from Good to Great Strong Balance Sheet Poised for Opportunity Trusted Complex Well Solution Provider Strong Financial Performance in Challenging Environment…
Franks International page Thank You This document contains confidential and proprietary information which is property of Franks International. None of the information contained herein may be disclosed, reproduced, distributed or…
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