Franks International page Franks International Q3 2016 Earnings Conference Call November 3, 2016 This document contains confidential and proprietary information which is property of Franks International. None of the information…
Franks International page 2 Q3 2016 Earnings Conference Call Introduction Blake Holcomb, Director of Investor Relations Operations Overview Gary Luquette, President and CEO Financial Performance Jeff Bird, EVP and CFO…
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…
Franks International page 5 Q3 2016 Highlights Sequential Adjusted EBITDA improvement of 1 million (ex. Q2 items) despite 15% lower revenues Initiated implementation of additional cost actions bringing annualized savings to…
Franks International page 6 Executing on Our Strategy Acquisition of Blackhawk Full year 2016E Adj. EBITDA margins in high teens to low twenties Cash flow positive and accretive on a cash flow per share basis in 2017 & 2018,…
Franks International page Jeff Bird Executive Vice President and CFO Franks International page 7 This document contains confidential and proprietary information which is property of Franks International. None of the information…
Franks International page 8 FI Offshore Global Market Share Q2 2016 to Q3 2016 Europe Franks Market Share 17% Revenue Share Rigs Addressable Market Size 418 Rigs 70 Rigs Gulf of Mexico Middle East Revenue Share Rigs…
Franks International page 9 Q3 2016 Financial Highlights Q3 Results Q/Q Q3 2016 Revenue Breakdown International Services 51.0 MM (11%) U.S. Services 34.1 MM (8%) Tubular Sales 20.0 MM (24%) Total Company Revenue 105.1 MM (13%)…
Franks International page 13 Summary Reasons for optimism in 2017 - Blackhawk product line provides revenue per rig upside and growth potential - Pace global offshore declines appear to be slowing, customer wallet share in…