IMAGINE MORE Too often, we settle. We settle for the average. The ordinary. The runofthe 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 6
LEADER IN HYDRAULIC FRACTURING FTS International, Inc. NYSE: FTSI Large, pureplay provider of IPO February 2018 hydraulic fracturing services Headquarters Fort Worth, TX 1.7 million total HHP capacity(1) Shares Outstanding 109.3…
LEADER IN PROFITABILITY & EFFICIENCY Strong EBITDA Performance(1) Consistently among industry in millions leaders in margins, annualized 200 25 EBITDA per fleet and capex per 21 21 20 19 20 fleet 150 17 16 15 Significant…
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 Currently have 19 fleets active and expect to average 18 active in 4Q Expect to reactivate fleets in 1Q with dedicated customers Midcontinent Marcellus/Utica Shale Active Fleets 4 Active…
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…
COST EFFECTIVE REFURBS SHIELD EQUIPMENT FROM ATTRITION Frac Pump 20 Pumps Total per Engine Transmission Power End Other Cost in 000s unless noted per Fleet Fleet Refurb Cost 90 45 45 140 x20 6.4M Average Years 4.0 3.5 2.5…
CENTRALIZED FLEET MONITORING ENABLES CONSISTENT, RELIABLE OPERATIONS National Operations Center operates 24/7, monitoring realtime job and equipment data Centralized location of engineering functions enables sharing of…
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…
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…
RETURNS-FOCUSED APPROACH 17 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 focus on efficiency Low…
STRENGTHENING BALANCE SHEET in millions 1,200 683mm reduction in net debt 380mm 800 more than 565 IPO proceeds 1,081 1,069 1,014 922 400 580 509 398 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 Net Debt (1) Gross Debt…
STRONG FINANCIAL & OPERATIONAL PERFORMANCE Revenue & Net Income Adjusted EBITDA & Capex(1) in millions in millions 493.3 500 449.0 458.7 467.5 150 138.5 141.3 127.4 129.1 400 344.9 125 334.4 95.0 100 86.8 300 213.5 75 200…
APPENDIX
ADJUSTED EBITDA RECONCILIATION ( in millions except average active fleets) 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 Sep 30, 2018 Net…
NET DEBT RECONCILIATION ( in millions) Mar 31, 2017 Jun 30, 2017 Sep 30, 2017 Dec 31, 2017 Mar 31, 2018 Jun 30, 2018 Sep 30, 2018 Senior floating rate notes due June 2020 350.0 350.0 350.0 290.0 - - - Term loan due April 2021 431.0 431.0…
FREE CASH FLOW RECONCILIATION ( in millions) Three Months Ended Sep 30, 2018 Net income (loss) 49.6 Add: non cash items Depreciation, depletion and amortization 21.1 Stockbased compensation 3.2 Amortization of debt discounts and…
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