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Third Quarter 2020 Earnings Presentation – World Fuel Services Corp.

World Fuel Services Corp. · Oct 29, 2020 · 15 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. Third Quarter 2020 Earnings Presentation – World Fuel Services Corp. – slide 1
    Third Quarter 2020 Earnings Call Thursday, October 29, 2020 Copyright 2018 World Fuel Services Corporation. All Rights Reserved.
  2. Third Quarter 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. Third Quarter 2020 Earnings Presentation – World Fuel Services Corp. – slide 3
    Financial Overview Ira Birns Executive Vice President and Chief Financial Officer Copyright 2019 World Fuel Services Corporation. All Rights Reserved.
  4. Third Quarter 2020 Earnings Presentation – World Fuel Services Corp. – slide 4
    Financial Overview Volume increased sequentially in all three of our business segments Completed sale of MultiService business, resulting in after-tax gain of 64 million or 1.00 per share Adjusted third quarter net income and…
  5. Third Quarter 2020 Earnings Presentation – World Fuel Services Corp. – slide 5
    Volume by Segment 2,175 5.5 1,351 4.4 1,242 4.0 1,168 1,017 688 Q3 2019 Q2 2020 Q3 2020 Q3 2019 Q2 2020 Q3 2020 Q3 2019 Q2 2020 Q3 2020 Aviation Marine Land (Gallons in millions) (Metric tons in millions) (Gallons in…
  6. Third Quarter 2020 Earnings Presentation – World Fuel Services Corp. – slide 6
    Consolidated Gross Profit ( in millions) 306 214 214 Q3 2019 Q2 2020 Q3 2020 Copyright 2019 World Fuel Services Corporation. All Rights Reserved.
  7. Third Quarter 2020 Earnings Presentation – World Fuel Services Corp. – slide 7
    Gross Profit by Segment ( in millions) 157 95 98 85 84 92 53 37 32 Q3 2019 Q2 2020 Q3 2020 Q3 2019 Q2 2020 Q3 2020 Q3 2019 Q2 2020 Q3 2020 Aviation Marine Land Copyright 2019 World Fuel Services Corporation. All…
  8. Third Quarter 2020 Earnings Presentation – World Fuel Services Corp. – slide 8
    Consolidated Operating Expenses (excluding bad debt provision) ( in millions) 195 Q420 Estimate: 147 - 152 154 148 Q3 2019 Q2 2020 Q3 2020 Q4 2020E Copyright 2019 World Fuel Services Corporation. All Rights Reserved. 5
  9. Third Quarter 2020 Earnings Presentation – World Fuel Services Corp. – slide 9
    Consolidated Income From Operations ( in millions) 96 42 35 Q3 2019 Q2 2020 Q3 2020 Copyright 2019 World Fuel Services Corporation. All Rights Reserved.
  10. Third Quarter 2020 Earnings Presentation – World Fuel Services Corp. – slide 10
    Interest Expense ( in millions) 21.2 9.4 Q3 2019 Q3 2020 Copyright 2019 World Fuel Services Corporation. All Rights Reserved. 5
  11. Third Quarter 2020 Earnings Presentation – World Fuel Services Corp. – slide 11
    Effective Tax Rate Q420 Estimate: 32% 32.1% 30.1% Q3 2019 Q3 2020 Q4 2020E Copyright 2019 World Fuel Services Corporation. All Rights Reserved. 5
  12. Third Quarter 2020 Earnings Presentation – World Fuel Services Corp. – slide 12
    Financial Overview Total Accounts Receivable balance was 1.25 billion We generated 246 million of cash flow from operations Reduced debt balance by 570 million, resulting in a net cash position at quarter end Copyright…
  13. Third Quarter 2020 Earnings Presentation – World Fuel Services Corp. – slide 13
    Questions + Answers Copyright 2019 World Fuel Services Corporation. All Rights Reserved.
  14. Third Quarter 2020 Earnings Presentation – World Fuel Services Corp. – slide 14
    Earnings Reconciliation ( in millions except per share data) Q3 2019 Q3 2020 1 As Reported Adjustments As Adjusted As Reported Adjustments1 As Adjusted Aviation Gross Profit 156.9 0.0 156.9 97.6 0.0 97.6 Operating Expenses 70.6…
  15. Third Quarter 2020 Earnings Presentation – World Fuel Services Corp. – slide 15
    Earnings Reconciliation ( in millions except per share data) Sep YTD 2019 Sep YTD 2020 1 As Reported Adjustments As Adjusted As Reported Adjustments1 As Adjusted Aviation Gross Profit 411.7 0.0 411.7 282.6 0.0 282.6 Operating…

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