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4Q 2019 and Full Year 2020 – World Fuel Services Corp.

World Fuel Services Corp. · Feb 27, 2020 · 22 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. 4Q 2019 and Full Year 2020 – World Fuel Services Corp. – slide 1
    Fourth Quarter & Full Year 2019 Earnings Call Thursday, February 27, 2020 Copyright 2018 World Fuel Services Corporation. All Rights Reserved.
  2. 4Q 2019 and Full Year 2020 – World Fuel Services Corp. – slide 2
    Business Overview Michael Kasbar Chairman and Chief Executive Officer Copyright 2018 World Fuel Services Corporation. All Rights Reserved.
  3. 4Q 2019 and Full Year 2020 – World Fuel Services Corp. – slide 3
    Financial Overview Ira Birns Executive Vice President and Chief Financial Officer Copyright 2018 World Fuel Services Corporation. All Rights Reserved.
  4. 4Q 2019 and Full Year 2020 – World Fuel Services Corp. – slide 4
    Financial Overview We delivered more than 1.1 billion of gross profit for the full year Full year adjusted EBITDA exceeded 400 million for the first time We generated 229 of cash flow from operations for the full year Copyright…
  5. 4Q 2019 and Full Year 2020 – World Fuel Services Corp. – slide 5
    Consolidated Revenue ( in millions) 9,989 39,752 9,358 36,819 Q4 2018 Q4 2019 FY 2018 FY 2019 Copyright 2018 World Fuel Services Corporation. All Rights Reserved.
  6. 4Q 2019 and Full Year 2020 – World Fuel Services Corp. – slide 6
    Volume by Segment Aviation (gallons in millions) 2,207 8,497 2,047 8,194 Q4 2018 Q4 2019 FY 2018 FY 2019 Copyright 2018 World Fuel Services Corporation. All Rights Reserved. 5
  7. 4Q 2019 and Full Year 2020 – World Fuel Services Corp. – slide 7
    Volume by Segment Marine (metric tons in millions) 6.1 23.7 20.9 5.1 Q4 2018 Q4 2019 FY 2018 FY 2019 Copyright 2018 World Fuel Services Corporation. All Rights Reserved. 5
  8. 4Q 2019 and Full Year 2020 – World Fuel Services Corp. – slide 8
    Volume by Segment Land (gallons and gallon equivalents in millions) 1,424 5,592 5,450 1,356 Q4 2018 Q4 2019 FY 2018 FY 2019 Copyright 2018 World Fuel Services Corporation. All Rights Reserved. 5
  9. 4Q 2019 and Full Year 2020 – World Fuel Services Corp. – slide 9
    Total Consolidated Volume (gallons and gallon equivalents in millions) 5,011 4,972 20,047 19,466 Q4 2018 Q4 2019 FY 2018 FY 2019 Copyright 2018 World Fuel Services Corporation. All Rights Reserved. 5
  10. 4Q 2019 and Full Year 2020 – World Fuel Services Corp. – slide 10
    Consolidated Adjusted Gross Profit ( in millions) 287 265 Q4 2018 Q4 2019 Copyright 2018 World Fuel Services Corporation. All Rights Reserved.
  11. 4Q 2019 and Full Year 2020 – World Fuel Services Corp. – slide 11
    Adjusted Gross Profit by Segment Aviation ( in millions) 140 552 130 508 Q4 2018 Q4 2019 FY 2018 FY 2019 Copyright 2018 World Fuel Services Corporation. All Rights Reserved. 5
  12. 4Q 2019 and Full Year 2020 – World Fuel Services Corp. – slide 12
    Adjusted Gross Profit by Segment Marine ( in millions) 57 182 44 148 Q4 2018 Q4 2019 FY 2018 FY 2019 Copyright 2018 World Fuel Services Corporation. All Rights Reserved. 5
  13. 4Q 2019 and Full Year 2020 – World Fuel Services Corp. – slide 13
    Adjusted Gross Profit by Segment Land ( in millions) 91 379 90 366 Q4 2018 Q4 2019 FY 2018 FY 2019 Copyright 2018 World Fuel Services Corporation. All Rights Reserved. 5
  14. 4Q 2019 and Full Year 2020 – World Fuel Services Corp. – slide 14
    Consolidated Adjusted Gross Profit ( in millions) 1,112 1,023 FY 2018 FY 2019 Copyright 2018 World Fuel Services Corporation. All Rights Reserved.
  15. 4Q 2019 and Full Year 2020 – World Fuel Services Corp. – slide 15
    Consolidated Adjusted Operating Expenses (excluding bad debt provision) ( in millions) Q120 Estimate: 205 191 - 195 195 179 Q4 2018 Q3 2019 Q4 2019 Q1 2020E Copyright 2018 World Fuel Services Corporation. All Rights…
  16. 4Q 2019 and Full Year 2020 – World Fuel Services Corp. – slide 16
    Consolidated Adjusted Income From Operations ( in millions) 75 322 68 279 Q4 2018 Q4 2019 FY 2018 FY 2019 Copyright 2018 World Fuel Services Corporation. All Rights Reserved.
  17. 4Q 2019 and Full Year 2020 – World Fuel Services Corp. – slide 17
    Consolidated Adjusted EBITDA ( in millions) 409 99 91 361 Q4 2018 Q4 2019 FY 2018 FY 2019 Copyright 2018 World Fuel Services Corporation. All Rights Reserved.
  18. 4Q 2019 and Full Year 2020 – World Fuel Services Corp. – slide 18
    Interest Expense ( in millions) Q120 Estimate: 19.7 16 - 19 16.7 Q4 2018 Q4 2019 Q1 2020E Copyright 2018 World Fuel Services Corporation. All Rights Reserved. 5
  19. 4Q 2019 and Full Year 2020 – World Fuel Services Corp. – slide 19
    Adjusted Effective Tax Rate FY20 Estimate: < 30% 29.7% 1.5% Q4 2018 Q4 2019 FY 2020E Copyright 2018 World Fuel Services Corporation. All Rights Reserved. 5
  20. 4Q 2019 and Full Year 2020 – World Fuel Services Corp. – slide 20
    Balance Sheet Management Total Accounts Receivable 2.9 Billion at quarter end Solid Operating Cash Flow Generation 60 million generated in the fourth quarter 229 million generated for the full year Return to Shareholders…
  21. 4Q 2019 and Full Year 2020 – World Fuel Services Corp. – slide 21
    Financial Overview Adjusted EBITDA exceeded 400 million for the first time We continue to drive improvements in operating leverage Marine business delivered strong results for 2019 Remain focused on strategy to deliver…
  22. 4Q 2019 and Full Year 2020 – World Fuel Services Corp. – slide 22
    Questions + Answers Copyright 2018 World Fuel Services Corporation. All Rights Reserved.

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