Franks International page Q1 2016 Investor Presentation March 2016 This document contains confidential and proprietary information which is property of Franks International. None of the information contained herein may be…
Franks International page 3 Company Overview U.S. Headquarters (Houston) Corporate Headquarters (Amsterdam) Regional Operations Headquarters (Lafayette, Aberdeen, Dubai, Singapore) Over 4,000 employees in 60 countries…
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 2015 Revenue Contribution wells primarily offshore with 975 MM blue-chip customer base Balance between U.S. and U.S. International exposure…
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 Q3 2015 to Q4 2015 Europe Franks Market Share 23% Revenue Share Rigs Addressable Market Size 400 Rigs 79 Rigs Gulf of Mexico Middle East Revenue Share Rigs Revenue…
Franks International page 8 Developing New Markets Jack-up Rig and Shelf Opportunities Jack-up rigs represent more than 50% of the global offshore market and a vast opportunity previously not aggressively targeted by FI…
Franks International page 9 M&A Opportunities Internally reviewed over 50 opportunities in more than 10 well construction related products and services Evaluated on capital intensity, competitive environment, sustainability of…
Franks International page 10 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 11 Technology Delivering Value to Customers Hydraulic Control Sheave-less Control Xtreme3 Xtreme3 Connector Tendons Connector Line Spider Chuck Line Spider Manipulator Line Line Arm INCREASED…
Franks International page 12 Controlling What We Can Over 25 MM of savings in 2015 and an expected benefit in excess of 60 MM annualized beginning full year 2016 Reduced workforce by 20% since year-end 2014 Reduced pipe and…
Franks International page 13 Franks Business System (Lean) Delivering Results Managing Working Capital1 Free Cash Flow Generation 500 70% 59% 140 411 121 60% 394 120 400 354 50% 335 100 89 40% 300 80 66 62 232 56 30%…
Franks International page 14 Year-to-date Cost Deleveraging Revenue from Q3 2015 to Q4 2015 decreased 37 MM while EBITDA decreased less than 10 MM during the same period 350 88% 300 Revenue Deleveraging 46% Revenue Deleveraging…
Franks International page 15 2016 Outlook Customer Activity and Investment Low visibility, volatile activity and discussions around pricing discounts as customers lower capital budgets 10-25% depending on the region from 2015…
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 Supplemental Financials This document contains confidential and proprietary information which is property of Franks International. None of the information contained herein may be disclosed, reproduced,…
Franks International page 18 Q4 2015 Financial Highlights Q4 Results Q/Q International Services 92.2 MM (11%) Q4 2015 Revenue Breakdown U.S. Services 64.3 MM (14%) Tubular Sales 46.5 MM (25%) Total Company Revenue 203.0 MM (15%)…
Franks International page 19 2015 Financial Highlights 2015 Results Y/Y International Services 442.1 MM (18%) 2015 Revenue Breakdown U.S. Services 326.4 MM (26%) Tubular Sales 206.1 MM 17% Total Company Revenue 974.6 MM (15%) 21%…
Franks International page 20 Recent Segment Results 2014 2015 ( millions) Quarter 4 Full Year Quarter 1 Quarter 2 Quarter 3 Quarter 4 Full Year Revenue(1) International Services 145.9 537.3 124.2 122.6 103.1 92.2 442.1 U.S.…
Franks International page 21 Recent Financial Results 2014 2015 ( millions) Quarter 4 Full Year Quarter 1 Quarter 2 Quarter 3 Quarter 4 Full Year Revenue 319.0 1,152.6 277.4 254.3 239.9 203.0 974.6 Operating Income 91.8 314.9 55.0…
Franks International page 22 Non-GAAP Reconciliation 2014 2015 ( thousands) Quarter 4 Full Year Quarter 1 Quarter 2 Quarter 3 Quarter 4 Full Year Segment Adjusted EBITDA: International Services 66,209 231,469 52,285 55,311 39,157…
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