First Quarter 2020 Earnings Call Thursday, April 30, 2020 Copyright 2018 World Fuel Services Corporation. All Rights Reserved.
Business Overview Michael Kasbar Chairman and Chief Executive Officer Copyright 2019 World Fuel Services Corporation. All Rights Reserved.
Business Overview We remain a valuable counterparty to the customers and suppliers we serve, working to provide any additional support required during this period of uncertainty Our global team has continued to operate our day to day…
Financial Overview Ira Birns Executive Vice President and Chief Financial Officer Copyright 2019 World Fuel Services Corporation. All Rights Reserved.
Financial Overview Adjusted net income and EPS were 44 million and 0.67 per share, an increase of 12% and 16% respectively, year-over-year Adjusted EBITDA for the first quarter was 95 million We completed the acquisition of UVair…
Consolidated Revenue ( in millions) 8,679 8,015 Q1 2019 Q1 2020 Copyright 2019 World Fuel Services Corporation. All Rights Reserved.
Volume by Segment 1,971 1,845 5.2 4.9 1,346 1,381 Q1 2019 Q1 2020 Q1 2019 Q1 2020 Q1 2019 Q1 2020 Aviation Marine Land (Gallons in millions) (Metric tons in millions) (Gallons in millions) * * Includes gallon and…
Consolidated Gross Profit ( in millions) 259 251 Q1 2019 Q1 2020 Copyright 2019 World Fuel Services Corporation. All Rights Reserved.
Gross Profit by Segment ( in millions) 114 93 106 102 59 35 Q1 2019 Q1 2020 Q1 2019 Q1 2020 Q1 2019 Q1 2020 Aviation Marine Land Copyright 2019 World Fuel Services Corporation. All Rights Reserved. 5
Consolidated Operating Expenses (excluding bad debt provision) ( in millions) 205 176 175 Q220 Estimate: 155 - 160 Q1 2019 Q4 2019 Q1 2020 Q2 2020E Copyright 2019 World Fuel Services Corporation. All Rights Reserved. 5
Cost Reduction Measures We Have Taken Global hiring freeze and travel ban Postponement or elimination of all non-essential projects and initiatives Significant reduction in professional fees, marketing expenses and other…
Consolidated Income From Operations ( in millions) 73 73 Q1 2019 Q1 2020 Copyright 2019 World Fuel Services Corporation. All Rights Reserved.
Interest Expense ( in millions) 20.5 16.2 Q1 2019 Q1 2020 Copyright 2019 World Fuel Services Corporation. All Rights Reserved. 5
Effective Tax Rate 27.1% 27.5% Q1 2019 Q1 2020 Copyright 2019 World Fuel Services Corporation. All Rights Reserved. 5
Adjusted Net Income & Adjusted Diluted Earnings Per Share ( in millions except EPS) 43.6 38.9 0.67 0.58 Q1 2019 Q1 2020 Q1 2019 Q1 2020 Adjusted Net Income Adjusted Diluted EPS Copyright 2019 World Fuel Services…
Financial Overview We ended the quarter with more than 1 billion in liquidity We generated 10 million of cash flow from operations during the first quarter We entered the crisis with our strongest balance sheet ever, solid…
Questions + Answers Copyright 2019 World Fuel Services Corporation. All Rights Reserved.
Earnings Reconciliation ( in millions except per share data) Mar YTD 2019 Mar YTD 2020 1 As Reported Adjustments As Adjusted As Reported Adjustments1 As Adjusted Aviation Gross Profit 114.3 0.0 114.3 93.2 0.0 93.2 Operating Expenses…
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