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Q3 2015 Earnings Conference Call – Franks International

Franks International · Nov 3, 2015 · 18 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 2015 Earnings Conference Call – Franks International – slide 1
    Franks International page Franks International Q3 2015 Earnings Conference Call November 3, 2015 This document contains confidential and proprietary information which is property of Franks International. None of the information…
  2. Q3 2015 Earnings Conference Call – Franks International – slide 2
    Franks International page 2 Q3 2015 Earnings Conference Call Introduction Blake Holcomb, Director of Investor Relations Operations Overview Gary Luquette, President and CEO Financial Performance Jeff Bird, EVP and CFO…
  3. Q3 2015 Earnings Conference Call – Franks International – slide 3
    Franks International page Gary Luquette President and CEO Franks International page 4 This document contains confidential and proprietary information which is property of Franks International. None of the information contained…
  4. Q3 2015 Earnings Conference Call – Franks International – slide 4
    Franks International page 5 Q3 2015 Summary U.S. Offshore activity remains stable and International market share holding steady despite lower activity levels Operating cost and working capital reduction initiatives continue to…
  5. Q3 2015 Earnings Conference Call – Franks International – slide 5
    Franks International page 6 Pricing & Activity by Region Q2 2015 to Q3 2015 Europe Pricing Activity Rigs Middle East Gulf of Mexico Pricing Activity Rigs Pricing Activity Rigs Asia Pacific West Africa Pricing Activity…
  6. Q3 2015 Earnings Conference Call – Franks International – slide 6
    Franks International page 7 A Tale of Two Markets Gulf of Mexico West Africa Market Share Q3 Market Share Q3 Market Share Q3 Market Share Q3 2014 2015 2014 2015 FI FI FI FI Growing market share in Gulf of Holding market…
  7. Q3 2015 Earnings Conference Call – Franks International – slide 7
    Franks International page 8 M&A Opportunities Bid / Ask spread narrowing, but still not there yet Cash flow and balance sheet allow for flexibility in being thoughtful, deliberate, and strategic Focused on targets that support…
  8. Q3 2015 Earnings Conference Call – Franks International – slide 8
    Franks International page Jeff Bird Executive Vice President and CFO Franks International page 9 This document contains confidential and proprietary information which is property of Franks International. None of the information…
  9. Q3 2015 Earnings Conference Call – Franks International – slide 9
    Franks International page 10 Q3 2015 Financial Highlights Q3 Results Q/Q Q3 Revenue Breakdown International Services 103 MM (16%) U.S. Services 74 MM (5%) Tubular Sales 62 MM 17% 26% Total Company Revenue 240 MM (6%) 43% Adj.…
  10. Q3 2015 Earnings Conference Call – Franks International – slide 10
    Franks International page 11 International Services Q3 2015 Highlights Revenue EBITDA 200 75 65.4 66.2 143.3 145.9 52.3 55.3 150 124.2 122.6 103.1 50 39.2 100 25 50 0 0 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q3 2014 Q4 2014…
  11. Q3 2015 Earnings Conference Call – Franks International – slide 11
    Franks International page 12 U.S. Services Q3 2015 Highlights Revenue Offshore Land EBITDA 100 60 71.3 74.3 45.8 47.9 44.9 80 65.6 45 60 52.8 52.7 46.5 46.9 35.0 30 40 25.6 16.7 18.2 21.7 20 15 0 0 Q3 2014 Q4 2014 Q1…
  12. Q3 2015 Earnings Conference Call – Franks International – slide 12
    Franks International page 13 Tubular Sales Q3 2015 Highlights Revenue EBITDA 100 20 16.0 80 62.4 15 55.0 53.2 10.3 60 44.0 9.3 40.7 10 8.0 40 5 3.1 20 0 0 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q3 2014 Q4 2014 Q1 2015 Q2…
  13. Q3 2015 Earnings Conference Call – Franks International – slide 13
    Franks International page 14 Process Improvements Gaining Momentum Managing Working Capital1 Driving Efficiency 500 40% 25% 35% 411 31% 394 400 30% 20% 354 333 16% 300 20% 15% 200 10% 10% 100 7% 0% 5% Q3 2014 Q4…
  14. Q3 2015 Earnings Conference Call – Franks International – slide 14
    Franks International page 15 Year-to-date Cost Deleveraging EBITDA is trending lower per 1.00 of revenue lost as opposed to 0.88 per 1.00 of revenue in Q1 2015 350 88% 300 Revenue Deleveraging 46% Revenue Deleveraging Trending…
  15. Q3 2015 Earnings Conference Call – Franks International – slide 15
    Franks International page 16 FWW B.V. Distribution FWW B.V., the Companys largest shareholder and a Mosing family company, has distributed 119,024,000 restricted common shares of the Company to the twelve Mosing family beneficial…
  16. Q3 2015 Earnings Conference Call – Franks International – slide 16
    Franks International page 17 Looking into 2016 More of the same in terms of low visibility, volatile activity and discussions around pricing discounts Some improvement in commodity prices expected in latter part of 2016, but…
  17. Q3 2015 Earnings Conference Call – Franks International – slide 17
    Franks International page Questions Franks International page 18 This document contains confidential and proprietary information which is property of Franks International. None of the information contained herein may be…
  18. Q3 2015 Earnings Conference Call – Franks International – slide 18
    Franks International page 19 Non-GAAP Reconciliations Three Months Ended Nine Months Ended September 30, June 30, September 30, September 30, 2015 2015 2014 2015 2014 Revenues 239,883 254,304 296,183 771,624 833,612 Income from…

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