Franks International page Capital One Energy Conference Presentation December 9, 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 U.S. Headquarters (Houston) Regional Operations Headquarters (Lafayette, Aberdeen, Dubai, Singapore) Over 4,000 employees in 60 countries on 6 continents This document…
Franks International page 4 Focused Provider of Tubular Running Services Onshore Offshore Well Well Structural String 36 5,000 Conductor String 28 6,000 Surface Casing 22 8,000 Intermediate Casing 18 9,000 16 12,000…
Franks International page 5 Investment Highlights Leveraged to deep, complex wells primarily offshore with YTD 2015 Revenue Contribution blue-chip customer base Balance between U.S. and International exposure U.S. Offshore…
Franks International page 6 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 7 FI Offshore Global Market Share Franks Market Share 22% Addressable Market Size 430 Rigs 84 Rigs 144 Rigs 53 Rigs 100 Rigs 51 Rig 116 Rigs Source: FI internal data Includes all offshore…
Franks International page 8 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 9 Technology Delivering Value to Customers 30 Jet String Sheave-less Control Xtreme3 Connector Tendons Elevator Line Manipulator Line Arm INCREASED WELL REDUCED RIG TIME INCREASED WELL INTEGRITY…
Franks International page 10 Recent Management Changes Gary Luquette: President and CEO in January 2015 FI board member since November 2013; remains on board of supervisory directors 35 years industry experience with Chevron…
Franks International page 11 Controlling What We Can 20MM of realized cost savings in 2015, 55 MM annualized beginning full year 2016 Reduced workforce by 18% since year-end 2014 Reduced pipe and connector inventory by over…
Franks International page 13 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 46% Revenue Deleveraging Trending lower 250 277…
Franks International page 14 Supply & Demand Balance Breakdown 100.0 4.0 3.1 98.0 3.0 Supply / Demand Imbalance 96.0 2.0 Millions of Barrels per Day 94.0 92.0 1.4 1.0 90.0 0.7 0.6 0.0 88.0 86.0 -1.0 84.0…
Franks International page 15 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 16 Outlook Investment More of the same in terms of low visibility, volatile activity and discussions around pricing discounts as customers lower capital budgets to conserve cash Pricing Some improvement…
Franks International page 17 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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