Barclays CEO Energy-Power Conference September 2018
INTRODUCTION Michael Doss Chief Executive Officer 3
IMAGINE MORE Too often, we settle. We settle for the average. The ordinary. The run-of-the mill. We tell ourselves this is just the way it is. This is as good as it gets. And that we should simply accept what is presented, and make do.…
More Focus More Innovation More Grit 5
LEADER IN HYDRAULIC FRACTURING FTS International, Inc. NYSE: FTSI Large, pure-play provider of hydraulic fracturing IPO February 2018 services Headquarters Fort Worth, TX Current Share Price 11.03 1.7 million total HHP…
LEADER IN PROFITABILITY & EFFICIENCY Strong EBITDA Performance(1) Consistently 1 or 2 among our peers in in millions annualized EBITDA per fleet 200 25 21 21 20 19 20 150 16 Significant economies of scale, yet nimble 15…
COMPELLING INVESTMENT THESIS Large, pure play provider of hydraulic fracturing services Market leading positions in the most active basins 1.7 million total HHP across 34 fleets with idle fleets ready to be reactivated quickly and…
OPERATIONAL FOOTPRINT IN ACTIVE BASINS 24 fleets currently active across 5 operating locations Marcellus/Utica Shale Midcontinent Active Fleets 6 Active Fleets 2 District Location Washington, PA Legend District Location Elk City,…
VERTICAL INTEGRATION DELIVERS SIGNIFICANT COST ADVANTAGES Operating Expenses Maintenance Capex Growth Capex We manufacture our own fluid ends We perform all engine, transmission We build all new fleets and implement and perform…
CENTRALIZED FLEET MONITORING ENABLES CONSISTENT, RELIABLE OPERATIONS National Operations Center operates 24/7, monitoring real-time job and equipment data Centralized location enables sharing of knowledge and best practices across…
DUAL FUEL FRAC FLEETS What is Dual Fuel Benefits of Dual Fuel A fleet that has been retrofitted to burn lower- Dual fuel provides value to customers cost natural gas and diesel fuel simultaneously through cost savings and efficiency…
SENSOR TECHNOLOGY GIVES OUR EQUIPMENT A VOICE Only top 1% of the market fully leverages 21st century technology to optimize equipment performance and design 2016 Stage 1 2017 Stage 2 2018+ Stage 3 Catch Failures Reduce Damage Change…
RETURNS-FOCUSED APPROACH MAXIMIZES VALUE FOR SHAREHOLDERS 20 mm 2.5 mm Zero Maintenance Effective federal EBITDA capex per fleet (1) per fleet (2) tax rate (3) Best in class free cash flow Solid operational execution with a…
STRENGTHENING BALANCE SHEET in millions 1,200 572mm reduction in net debt 269mm above IPO 800 proceeds 635 1,081 1,069 1,014 922 400 580 509 400 - 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18E Net Debt (1) Gross Debt Since the…
STRONG FINANCIAL & OPERATIONAL PERFORMANCE Revenue & Net Income Adjusted EBITDA(1) & Capex in millions in millions 493.3 500 449.0 458.7 467.5 138.5 141.3 150 129.1 127.4 400 344.9 125 100 86.8 300 213.5 75 200 50 100 20.0 25 -…
TEMPORARY DEMAND CHOPPINESS FOLLOWED BY ENCOURAGING 2019 PIPELINE Strategy to react quickly and adapt to any market Average Active Fleets environment 30 27.5 28.0 26.2 24.8 24.0 Customer demand choppiness driving lower fleet count 25…
More Focus More Innovation More Grit 18
APPENDIX
ADJUSTED EBITDA RECONCILIATION ( in millions) Three Months Ended Year Ended Three Months Ended Mar 31, 2017 Jun 30, 2017 Sep 30, 2017 Dec 31, 2017 Dec 31, 2017 Mar 31, 2018 Jun 30, 2018 Net income (loss) (20.1) 44.3 83.6 92.9 200.7 78.7…
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