Newpark Resources Presentation November 2014 NYSE: NR
COMPANY OVERVIEW Consolidated Revenues 1,400 First Nine Months Operating Segments: Fluids Systems Revenues ( millions) 1,200 1,042 Full Year 984 1,000 909 800 Mats and Integrated Services 667 600 400 795 812…
GLOBAL PRESENCE 2014 Revenue by Region 812 million Canada EMEA Latin America APAC U.S. 7% 16% 8% 66% 3% 4
STRATEGIC DRIVERS TECHNOLOGY Driving to be the recognized technology leader in each of our business units Fluids Systems Our Evolution family of highperformance waterbased systems introduced in 2010 New worldwide technology…
STRATEGIC DRIVERS INTERNATIONAL EXPANSION International expansion is key to 300 our strategy First Nine Months Full Year 277 Stability of revenue; longer term 250 251 contracts 216 Revenues ( millions) Mostly IOCs and NOCs…
STRATEGIC DRIVERS CUSTOMER SUPPORT Focused on backing our leading technology with superior customer support Advanced training programs for fluid technicians continue to enhance product and service knowledge Strengthens…
FLUIDS SYSTEMS - OVERVIEW Largest independent drilling fluids Total Segment Revenues provider 1,000 926 900 First Nine Months 862 3rd largest drilling fluids Full Year 799 800 company worldwide* Revenues ( millions) 700…
FLUIDS SYSTEMS NORTH AMERICA North American Revenues 700 654 First Nine Months 615 585 600 Revenue ( millions) Full Year 500 425 503 489 400 300 268 200 100 0 2009 2010 2011 2012 2013 2014 Serves most North…
FLUIDS SYSTEMS EMEA Core Markets Algeria, Romania, Italy, Tunisia, Libya 2014 benefiting from new contracts in the Black Sea, Kuwait and India Recent contract awards in offshore Libya and Egypt to begin in 2015 EMEA Revenues 160…
FLUIDS SYSTEMS LATIN AMERICA 2007 entry in Brazil helped establish Newpark in Deepwater market Focus on proprietary products such as DeepDrill, waterbased technology Selectively reducing exposure to Petrobras while preserving…
FLUIDS SYSTEMS ASIA PACIFIC 2011 acquisition provided entry in the APAC region Looking to further penetrate market with Evolution System Activity levels soft in 2014, expecting modest recovery in 2015 Asia Pacific Revenues 45…
EVOLUTION TECHNOLOGY Evolution Revenues Evolution system continues to 200 First Nine Months 180 demonstrate superior drilling Full Year 160 Revenues ( millions) performance 140 120 120 110 100 183 Patent covering…
EXPANSION INTO DEEPWATER GOM Foundation established in Brazil Recently expanded into Black Sea Looking to leverage our experience globally, starting in Gulf of Mexico Approximately 800M drilling fluids market* Expected growth over…
MATS & INTEGRATED SERVICES Leading provider in composite matting Total Segment Revenues products 140 First Nine Months 122 120 116 Full Year 110 Reduces operators costs and improves Revenues ( millions) 100 108…
MATS & INTEGRATED SERVICES Revenues include rentals and sale of DURABASE composite mats 60 Revenues by Type Mat sales targeted to international E&P 140 customers and domestic customers 120 Rental and Services Mat Sales outside…
DURA-BASE SPILL CONTAINMENT SYSTEM Enhancement of the DURABASE technology introduces sealing technology to contain spills on the mat surface Applications include drilling and completions phase Formal launch in November…
FINANCIAL SUMMARY Revenue and EBITDA Margin* 1,400 First Nine Months 984 1,042 18% 16% Recent improvements in EBITDA 1,200 Full Year margin driven by ongoing efforts Revenues ( millions) 909 14% 1,000 EBITDA Margin…
SUMMARY Differentiating through technology and driving operational efficiency Evolution family of highperformance water based fluid systems DURABASE composite mat systems Investing in future growth Fluids deepwater market…
APPENDIX 20
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Three Months Ended Nine Months Ended September 30, June 30, September 30, September 30, September 30, (In thousands, except per share data) 2014 2014 2013 2014 2013 Revenues 296,964…
OPERATING SEGMENT RESULTS (Unaudited) Three Months Ended September 30, June 30, September 30, (In thousands) 2014 2014 2013 Revenues Fluids systems 251,234 241,386 233,020 Mats and integrated services 45,730 31,080 35,112 Total…
CONSOLIDATED BALANCE SHEETS (Unaudited) September 30, December 31, (In thousands, except share data) 2014 2013 ASSETS Cash and cash equivalents 41,390 65,840 Receivables, net 331,109 268,529 Inventories 198,140 189,680 Deferred tax…
CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited) Nine Months Ended September 30, (In thousands) 2014 2013 Cash flows from operating activities: Net income 78,832 51,799 Adjustments to reconcile net income to net cash provided by…
EXPERIENCED LEADERSHIP Paul Howes President & CEO Gregg Piontek VP & CFO Mark Airola SVP, GC & Admin Officer Bruce Smith President Fluids Systems Jeff Juergens President Mats & Integrated Services 25
MANAGEMENT BIOGRAPHIES Paul L. Howes, President & CEO: Paul joined Newparks Board of Directors and was appointed its Chief Executive Officer in March 2006. In June 2006, Mr. Howes also was appointed as Newparks President. Mr. Howes…
MANAGEMENT BIOGRAPHIES Bruce C. Smith, Executive VP and President Fluids Systems: Bruce joined Newpark in April 1998 as Vice President, International. Since October 2000, he has served as President of its subsidiary Newpark Drilling…
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