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2Q 2020 Earnings Presentation – World Fuel Services Corp.

World Fuel Services Corp. · Jul 30, 2020 · 17 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. 2Q 2020 Earnings Presentation – World Fuel Services Corp. – slide 1
    Second Quarter 2020 Earnings Call Thursday, July 30, 2020 Copyright 2018 World Fuel Services Corporation. All Rights Reserved.
  2. 2Q 2020 Earnings Presentation – World Fuel Services Corp. – slide 2
    Business Overview Michael Kasbar Chairman and Chief Executive Officer Copyright 2019 World Fuel Services Corporation. All Rights Reserved.
  3. 2Q 2020 Earnings Presentation – World Fuel Services Corp. – slide 3
    Business Overview Copyright 2019 World Fuel Services Corporation. All Rights Reserved.
  4. 2Q 2020 Earnings Presentation – World Fuel Services Corp. – slide 4
    Financial Overview Ira Birns Executive Vice President and Chief Financial Officer Copyright 2019 World Fuel Services Corporation. All Rights Reserved.
  5. 2Q 2020 Earnings Presentation – World Fuel Services Corp. – slide 5
    Financial Overview Adjusted net income and EPS were 8 million and 0.13 per share, Adjusted EBITDA for the second quarter was 57 million We generated 236 million of cash flow from operations Announced sale of the MultiService…
  6. 2Q 2020 Earnings Presentation – World Fuel Services Corp. – slide 6
    Consolidated Revenue ( in millions) 9,459 3,158 Q2 2019 Q2 2020 Copyright 2019 World Fuel Services Corporation. All Rights Reserved.
  7. 2Q 2020 Earnings Presentation – World Fuel Services Corp. – slide 7
    Volume by Segment 2,144 5.1 1,330 4.0 1,168 688 Q2 2019 Q2 2020 Q2 2019 Q2 2020 Q2 2019 Q2 2020 Aviation Marine Land (Gallons in millions) (Metric tons in millions) (Gallons in millions) * * Includes gallon and…
  8. 2Q 2020 Earnings Presentation – World Fuel Services Corp. – slide 8
    Consolidated Gross Profit ( in millions) 269 214 Q2 2019 Q2 2020 Copyright 2019 World Fuel Services Corporation. All Rights Reserved.
  9. 2Q 2020 Earnings Presentation – World Fuel Services Corp. – slide 9
    Gross Profit by Segment ( in millions) 140 92 92 85 36 37 Q2 2019 Q2 2020 Q2 2019 Q2 2020 Q2 2019 Q2 2020 Aviation Marine Land Copyright 2019 World Fuel Services Corporation. All Rights Reserved. 5
  10. 2Q 2020 Earnings Presentation – World Fuel Services Corp. – slide 10
    Consolidated Operating Expenses (excluding bad debt provision) ( in millions) 188 175 Q320 Estimate: 154 149 - 154 Q2 2019 Q1 2020 Q2 2020 Q3 2020E Copyright 2019 World Fuel Services Corporation. All Rights Reserved. 5
  11. 2Q 2020 Earnings Presentation – World Fuel Services Corp. – slide 11
    Cost Reduction Measures We Have Taken Global hiring freeze and other organizational changes Postponement or elimination of all non-essential projects and initiatives Rationalization of global office footprint Significant…
  12. 2Q 2020 Earnings Presentation – World Fuel Services Corp. – slide 12
    Consolidated Income From Operations ( in millions) 78 35 Q2 2019 Q2 2020 Copyright 2019 World Fuel Services Corporation. All Rights Reserved.
  13. 2Q 2020 Earnings Presentation – World Fuel Services Corp. – slide 13
    Non-operating Expense ( in millions) 17.6 14.9 Q2 2019 Q2 2020 Copyright 2019 World Fuel Services Corporation. All Rights Reserved. 5
  14. 2Q 2020 Earnings Presentation – World Fuel Services Corp. – slide 14
    Financial Overview Total Accounts Receivable balance was 1.4 billion We generated 236 million of cash flow from operations Our net debt declined by 200 million sequentially to 450 million Available liquidity remained at…
  15. 2Q 2020 Earnings Presentation – World Fuel Services Corp. – slide 15
    Questions + Answers Copyright 2019 World Fuel Services Corporation. All Rights Reserved.
  16. 2Q 2020 Earnings Presentation – World Fuel Services Corp. – slide 16
    Earnings Reconciliation ( in millions except per share data) Q2 2019 Q2 2020 1 As Reported Adjustments As Adjusted As Reported Adjustments1 As Adjusted Aviation Gross Profit 140.5 0.0 140.5 91.9 0.0 91.9 Operating Expenses 67.0…
  17. 2Q 2020 Earnings Presentation – World Fuel Services Corp. – slide 17
    Earnings Reconciliation ( in millions except per share data) Jun YTD 2019 Jun YTD 2020 1 As Reported Adjustments As Adjusted As Reported Adjustments1 As Adjusted Aviation Gross Profit 254.8 0.0 254.8 185.0 0.0 185.0 Operating…

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