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Credit Suisse 25th Annual Energy Summit – FTS International Inc.

FTS International Inc. · Mar 2, 2020 · 23 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Credit Suisse 25th Annual Energy Summit – FTS International Inc. – slide 1
    25th ANNUAL ENERGY SUMMIT Vail, Colorado March 2, 2020 Stronger. Safer. Better.
  2. Credit Suisse 25th Annual Energy Summit – FTS International Inc. – slide 2
    Forward-Looking and Cautionary Statements This presentation contains forwardlooking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forwardlooking statements include statements regarding Imagine…
  3. Credit Suisse 25th Annual Energy Summit – FTS International Inc. – slide 3
    FTSI At A Glance Large, Pure-Play Pressure Pumper with unwavering attention to safety and service quality Imagine More Large Scale Pure-Play Proven Dedicated with broad Focus on Frac mGMT Team Customer Model geographic reach…
  4. Credit Suisse 25th Annual Energy Summit – FTS International Inc. – slide 4
    Recent Company Trends
  5. Credit Suisse 25th Annual Energy Summit – FTS International Inc. – slide 5
    Long-Term Fundamentals Are Stabilizing Imagine Frac Fleet Supply / Demand & Utilization More Frac Fleets Moderate pricing pressure Significant pricing pressure 550 500 450 400 350 300 250 200 4Q17 1Q18 2Q18 3Q18 4Q18…
  6. Credit Suisse 25th Annual Energy Summit – FTS International Inc. – slide 6
    FTSI in 2018 & 2019 Redeploying Fleets to More Active Regions Came at a Steep Cost E&P sentiment shifted towards operating within cash flow, which resulted in a sudden and significant lowering of E&P capex Imagine More Lower E&P…
  7. Credit Suisse 25th Annual Energy Summit – FTS International Inc. – slide 7
    Positioning for Success in a Challenging Environment Imagine More 1 Cost Control 2 Enhanced Commercial Strategy 3 Relentlessly Push Efficiency to New Records 4 Innovative Solutions w/ Fast Follower Technology Adoption 7
  8. Credit Suisse 25th Annual Energy Summit – FTS International Inc. – slide 8
    Taking Aggressive Action to Control Costs Imagine In only one quarter we have achieved approximately 70% of Ahead of Schedule on Cost Cuts More our 40 million annualized target (80% of COGS / 60% of 100% SG&A) 90% 80% 80% Driven by…
  9. Credit Suisse 25th Annual Energy Summit – FTS International Inc. – slide 9
    Enhanced Sales Process Allows Us to Target the Right Customers Imagine More In late 2018, we began directing more of our sales resources towards solidifying longerterm relationships instead of chasing transactional work Our IDEAL…
  10. Credit Suisse 25th Annual Energy Summit – FTS International Inc. – slide 10
    Relentlessly Pursuing Operational Excellence Imagine Coming Off the Heels of our Most Efficient Quarter Ever... ...We Are Entering 2020 with Our Strongest Utilization(1) Yet More Stages Pumping Days Effective Utilization (1) 430 +510%…
  11. Credit Suisse 25th Annual Energy Summit – FTS International Inc. – slide 11
    Our Culture of Innovation Doesnt Wait for Better Days We relentlessly pursue Innovative Solutions Imagine Ongoing Technology Initiatives & Developments... ...Have Helped Bring NPT Down by 29% More Minimizing NPT time is a major focus…
  12. Credit Suisse 25th Annual Energy Summit – FTS International Inc. – slide 12
    Major Operational Initiatives Are On Track Imagine More Diesel to Natural Gas Initiative / OEM Partnership Automation Redesigned Blender Dual Fuel Pump R&D Automation project now live New blender incorporates more than Ended…
  13. Credit Suisse 25th Annual Energy Summit – FTS International Inc. – slide 13
    Free Cash Flow and Ample Liquidity Gives Us Flexibility to Address Debt While Continuing to Invest for the Future Imagine More Maintaining liquidity while deleveraging the balance sheet remains top priority Free Cash Flow(1)…
  14. Credit Suisse 25th Annual Energy Summit – FTS International Inc. – slide 14
    Recent Performance & Guidance Average Active Fleets & Stages per Average Active Fleet Annualized Adj. EBITDA per Active Fleet Imagine in millions More 30 27.5 28.0 384.6 400 25 25 356.1 375 21.8 21.0 20.8 19.3 20.0 19.1…
  15. Credit Suisse 25th Annual Energy Summit – FTS International Inc. – slide 15
    Industry Leading Capital Efficiency Drives Returns Maintenance Capex per Fleet vs Peer Estimates(1) Historical Maintenance Capex & Maintenance Capex per Fleet Imagine Maint. Capex ( in millions) Maint. Capex ( in millions) Maint. Capex…
  16. Credit Suisse 25th Annual Energy Summit – FTS International Inc. – slide 16
    Appendix
  17. Credit Suisse 25th Annual Energy Summit – FTS International Inc. – slide 17
    Large Scale Operator with Uniform Plug and Play Equipment Base Broad Footprint and Plug-and-Play Equipment Allow Us to Quickly Go Where the Work Is Imagine Active Fleets by Location(1) More Marcellus / Utica Shale Permian…
  18. Credit Suisse 25th Annual Energy Summit – FTS International Inc. – slide 18
    Dual Fuel Fulfilling a Strong Interest in Natural Gas Burning Fleets Imagine It has become imperative to continuously improve Natural Gas Burning Fleets Side-by-Side Comparison More efficiencies and offer cost saving solutions to…
  19. Credit Suisse 25th Annual Energy Summit – FTS International Inc. – slide 19
    Advanced Equipment Monitoring Continues to Redefine Equipment Lifecycle and Customer Experience Imagine More 2018 / 2019 Stage 3 2020+ Automation Change Behavior Using machine learning Enable computer assisted we are now able…
  20. Credit Suisse 25th Annual Energy Summit – FTS International Inc. – slide 20
    Continuous Improvement Yielding Results Customers Recognize Strong Improvement in Performance & Quality Imagine More Net Promotor Score (NPS) 80% 57% 52% 39% 40% 25% 27% 8% 12% 0% 0% (9%) (17%) (40%) FTSI Peer 1…
  21. Credit Suisse 25th Annual Energy Summit – FTS International Inc. – slide 21
    Adjusted EBITDA Reconciliation (1) in millions Year Ended Three Months Ended Year Ended Three Months Ended Year Ended Three Months Ended Year Ended Imagine Dec 31, 2016 Mar 31, 2017 Jun 30, 2017 Sep 30, 2017 Dec 31, 2017 Dec 31, 2017…
  22. Credit Suisse 25th Annual Energy Summit – FTS International Inc. – slide 22
    Free Cash Flow Reconciliation in millions Three Months Ended Year Ended Three Months Ended Year Ended Three Months Ended Year Ended Imagine Mar 31, 2017 Jun 30, 2017 Sep 30, 2017 Dec 31, 2017 Dec 31, 2017 Mar 31, 2018 Jun 30, 2018 Sep…
  23. Credit Suisse 25th Annual Energy Summit – FTS International Inc. – slide 23
    Net Debt Reconciliation Imagine More in millions Mar 31, 2017 Jun 30, 2017 Sep 30, 2017 Dec 31, 2017 Mar 31, 2018 Jun 30, 2018 Sep 30, 2018 Dec 31, 2018 Mar 31, 2019 Jun 30, 2019 Sep 30, 2019 Dec 31, 2019 Senior floating rate notes…

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