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Johnson Rice Energy Conference – Franks International

Franks International · Sep 22, 2016 · 10 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. Johnson Rice Energy Conference – Franks International – slide 1
    Franks International page Johnson Rice Energy Conference September 22, 2016 This document contains confidential and proprietary information which is property of Franks International. None of the information contained herein may be…
  2. Johnson Rice Energy Conference – Franks International – slide 2
    Franks International page 3 FI Investment Rationale Strong balance sheet poised for 1H 2016 Revenue Contribution opportunity and attractive 274 MM dividend Trusted franchise for complex well solutions U.S. Offshore…
  3. Johnson Rice Energy Conference – Franks International – slide 3
    Franks International page 4 Fewer Rigs, Fewer Wells, Lower FI Revenue and EBITDA Deepwater Rigs U.S. Offshore Rig Count (1) International Offshore Rig Count (1) 2015-2020 by Geography Average Annual Rig Count Average Annual Rig…
  4. Johnson Rice Energy Conference – Franks International – slide 4
    Franks International page 5 Path to Recovery Commodity supply is tightening as global production levels are projected to be flat year-over-year and demand up 1.5% Excess capacity in OPEC down 27% since 2014 and expected to…
  5. Johnson Rice Energy Conference – Franks International – slide 5
    Franks International page 6 Plan for Navigating the Challenging Environment Control What We Can Control Cost Reductions Evaluate and optimize global footprint and organization structure for multi- year outlook Grow Existing…
  6. Johnson Rice Energy Conference – Franks International – slide 6
    Franks International page 7 Actions Taken Since Downturn Began 100MM in Annualized Cost Savings Since Q2 2015 - Base consolidations and personnel reductions globally - Aggressively scaled back manufacturing footprint with…
  7. Johnson Rice Energy Conference – Franks International – slide 7
    Franks International page 8 The Next Steps Identified and implementing an additional 40MM - 50MM in cost reductions - Materially completed by year-end 2016 Includes reductions across all geographies and functions Cost…
  8. Johnson Rice Energy Conference – Franks International – slide 8
    Franks International page 9 Grow Existing and Develop New Markets - Organic Evaluated existing and forecasted offshore opportunities on based on several differentiating criteria: - Strategic Markets Historically Not Prioritized…
  9. Johnson Rice Energy Conference – Franks International – slide 9
    Franks International page 10 Grow Existing and Develop New Markets - Inorganic Targets have been identified and discussions are active Strong financial position and capacity allows for the flexibility to be selective to ensure…
  10. Johnson Rice Energy Conference – Franks International – slide 10
    Franks International page 11 Summary At or near a market bottom as supply/demand fundamentals continue to rebalance Despite current market fundamentals, repositioning our portfolio to gain share in underrepresented markets In…

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