Fourth Quarter & Full Year 2020 Earnings Call Thursday, February 25, 2021 Copyright 2018 World Fuel Services Corporation. All Rights Reserved.
Business Overview Michael Kasbar Chairman and Chief Executive Officer Copyright 2018 World Fuel Services Corporation. All Rights Reserved.
Financial Overview Ira Birns Executive Vice President and Chief Financial Officer Copyright 2018 World Fuel Services Corporation. All Rights Reserved.
Financial Overview Consolidated volume for the fourth quarter increased sequentially to 3.5 billion gallons, driven by increases in the aviation and land segments For the full year, our consolidated volume was 14.4 billion gallons,…
Consolidated Revenue ( in millions) 9,358 36,819 20,358 4,702 Q4 2019 Q4 2020 FY 2019 FY 2020 Copyright 2018 World Fuel Services Corporation. All Rights Reserved.
Volume by Segment Aviation (gallons in millions) 2,207 8,497 1,144 4,694 Q4 2019 Q4 2020 FY 2019 FY 2020 Copyright 2018 World Fuel Services Corporation. All Rights Reserved. 5
Volume by Segment Marine (metric tons in millions) 20.9 5.1 17.5 4.2 Q4 2019 Q4 2020 FY 2019 FY 2020 Copyright 2018 World Fuel Services Corporation. All Rights Reserved. 5
Volume by Segment Land (gallons and gallon equivalents in millions) 1,424 5,450 1,272 5,063 Q4 2019 Q4 2020 FY 2019 FY 2020 Copyright 2018 World Fuel Services Corporation. All Rights Reserved. 5
Total Consolidated Volume (gallons and gallon equivalents in millions) 4,972 19,466 3,529 14,369 Q4 2019 Q4 2020 FY 2019 FY 2020 Copyright 2018 World Fuel Services Corporation. All Rights Reserved. 5
Consolidated Adjusted Gross Profit ( in millions) 287 165 Q4 2019 Q4 2020 Copyright 2018 World Fuel Services Corporation. All Rights Reserved.
Consolidated Adjusted Gross Profit ( in millions) 1,112 852 FY 2019 FY 2020 Copyright 2018 World Fuel Services Corporation. All Rights Reserved.
Adjusted Gross Profit by Segment Aviation ( in millions) 140 552 353 70 Q4 2019 Q4 2020 FY 2019 FY 2020 Copyright 2018 World Fuel Services Corporation. All Rights Reserved. 5
Adjusted Gross Profit by Segment Marine ( in millions) 57 182 151 23 Q4 2019 Q4 2020 FY 2019 FY 2020 Copyright 2018 World Fuel Services Corporation. All Rights Reserved. 5
Adjusted Gross Profit by Segment Land ( in millions) 379 90 348 72 Q4 2019 Q4 2020 FY 2019 FY 2020 Copyright 2018 World Fuel Services Corporation. All Rights Reserved. 5
Consolidated Adjusted Operating Expenses (excluding bad debt provision) ( in millions) 205 Q121 Estimate: 148 138 - 142 135 Q4 2019 Q3 2020 Q4 2020 Q1 2021E Copyright 2018 World Fuel Services Corporation. All Rights…
Consolidated Adjusted Income From Operations ( in millions) 75 322 176 25 Q4 2019 Q4 2020 FY 2019 FY 2020 Copyright 2018 World Fuel Services Corporation. All Rights Reserved.
Interest Expense ( in millions) 16.7 Q121 Estimate: 10 - 11 12.2 Q4 2019 Q4 2020 Q1 2021E Copyright 2018 World Fuel Services Corporation. All Rights Reserved. 5
Balance Sheet Management Total Accounts Receivable 1.2 Billion at quarter end Solid Operating Cash Flow Generation 114 million generated in the fourth quarter 604 million generated for the full year Return to…
Financial Overview 2020 was a tough and unprecedented year We reacted quickly on expenses and as well as credit risk We strengthened our balance sheet by reducing debt by more than 575 million We have the capital to invest…
Questions + Answers Copyright 2018 World Fuel Services Corporation. All Rights Reserved.
Earnings Reconciliation ( in millions except per share data) Q4 2019 Q4 2020 1 As Reported Adjustments As Adjusted As Reported Adjustments1 As Adjusted Aviation Gross Profit 139.8 (0.0) 139.8 70.3 0.1 70.4 Operating Expenses 71.3…
Earnings Reconciliation ( in millions except per share data) For the Year Ended December 31, 2019 For the Year Ended December 31, 2020 1 As Reported Adjustments As Adjusted As Reported Adjustments1 As Adjusted Aviation Gross Profit…
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