N E W P A R K R E S O U R C E S P R E S E N T A T I O N M A Y 2 0 1 9
Consolidated Revenues Fluids Systems Mats and Integrated Services ? Revenue recovery driven by oilfield activity increase and end-market diversification initiatives; Q1 2019 impacted by contract transitions in Fluids ? Two…
First Quarter 2019 - Revenue by Region 72% 6% 1% 21% U.S. Canada Latin America Eastern Hemisphere
Total Segment Revenues 8% 64% 27% 1% U.S. Canada Eastern Hemisphere Latin America First Quarter 2019 - Revenue by Region * Source: 2018 Oilfield Market Report, Spears & Associates, Inc. 6 F L U I D S S Y S T E M S - O V E R V I E…
F L U I D S S Y S T E M S – N O R T H A M E R I C A ? Four years of sequential expansion in market share – Hold #2 drilling fluids market share position in U.S. land* ? Superior focus on service quality and differentiated technology…
F L U I D S S Y S T E M S – P R O D U C T O F F E R I N G E X PA N S I O N U N D E R WAY ? Expansion capitalizes on existing Fluids Systems infrastructure, expertise and market credibility Deepwater Gulf of Mexico – With Completion…
F L U I D S S Y S T E M S – I N T E R N AT I O N A L ? Revenue reduction in Q1 2019 resulted primarily from contract transitions in Algeria and Brazil; anticipate rebound in Q2 2019 ? International presence remains key to our…
Developing Total Fluids Solutions ? Our focus on sustainability is a driving force behind breakthroughs in high performance water-based drilling fluid systems, which offer environmentally-sound solutions to the rigorous operational…
Total Segment Revenues Revenues ($ millions) $30 $19 $2 Revenue by End Market NAM E&P NAM NON-E&P INT\'L NON-E&P $8 $43 Revenue by Type PRODUCT SALES RENTAL & SERVICE 11 M A T S & I N T E G R A T E D S E R V I C E S - O V E R…
M A T S - C O M P E T I T I V E A D V A N T A G E S A C R O S S I N D U S T R I E S Superior Quality Enhanced Environmental Sustainability & Safety Attributes Transportation, Install & Remediation Efficiency Scale & Responsiveness
Exploration & Production Pipeline Transmission & Distribution Construction & Other M A T S – C O R E M A R K E T O V E R V I E W
M A T S – A C C E L E R A T I N G P R O D U C T D E V E L O P M E N T Leveraging R&D center to drive innovation, including next-generation matting systems, accessories and adaptations EPZ Grounding System ? Patented system ?…
Consistent positive operating cash flow generation through cycle ? Q1 2019 reflects seasonal increase in net working capital; expected to reverse in Q2 Short-Term Focus ? Continue repatriation of available foreign cash ? Ongoing…
O N S O L I D A T E D S T A T E M E N T S O F O P E R A T I O N S ( U N A U D I T E D ) (In thousands, except per share data) March 31, 2019 December 31, 2018 March 31, 2018 Revenues $ 211,473 $ 247,664 $ 227,293 Cost of revenues…
O P E R A T I N G S E G M E N T R E S U L T S ( U N A U D I T E D ) (1) Corporate office and Fluids Systems operating income (loss) for the three months ended March 31, 2019 includes charges of $3.4 million and $1.1 million,…
O P E R A T I N G S E G M E N T R E S U L T S ( U N A U D I T E D ) (1) Corporate office and Fluids Systems operating income (loss) for the three months ended March 31, 2019 includes charges of $3.4 million and $1.1 million,…
CO N S O L I D A T E D S T A T E M E N T S O F C A S H F L O W S ( U N A U D I T E D ) (In thousands) 2019 2018 Cash flows from operating activities: Net income $ 1,282 $ 7,222 Adjustments to reconcile net income to net cash provided…
N O N - G A A P F I N A N C I A L M E A S U R E S ( U N A U D I T E D ) Three Months Ended Consolidated March 31, (In thousands) 2014 2015 2016 2017 2018 2019 Net income (loss) (GAAP) (1) $ 102,278 $ (90,828) $ (40,712) $ (6,148) $…
To help understand the Company’s financial performance, the Company has supplemented its financial results that it provides in accordance with generally accepted accounting principles (“GAAP”) with non-GAAP financial measures. Such…
N O N - G A A P F I N A N C I A L M E A S U R E S ( U N A U D I T E D ) Consolidated March 31, (In thousands) 2014 2015 2016 2017 2018 2019 Current debt $ 1 1,648 $ 7,382 $ 8 3,368 $ 1,518 $ 2,522 $ 1,955 Long-term debt, less current…
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