Franks International page Scotia Howard Weil Energy Conference Presentation March 22, 2016 This document contains confidential and proprietary information which is property of Franks International. None of the information…
Franks International page 3 Leader in 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 13 5/8…
Franks International page 4 Investment Highlights Leveraged to deep, complex 2015 Revenue Contribution wells primarily offshore with 975 MM blue-chip customer base Balance between U.S. and International exposure U.S.…
Franks International page 5 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 6 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 7 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 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 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 10 Franks Business System (Lean) Delivering Results Managing Working Capital1 Cost Deleveraging 2015 500 140 121 411 120 394 300 277 400 354 254 335 100 240 88% 300 46% 203 80 200 232 27% 60…
Franks International page 11 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 12 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 13 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 14 2015 Financial Highlights 2015 Revenue Breakdown 2015 Q4 2015 21% Results Results 45% International Services 442.1 MM 92.2 MM U.S. Services 326.4 MM 64.3 MM 34% Tubular Sales 206.1 MM 46.5 MM Total…