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INVESTOR PRESENTATION THIRD QUARTER 2014 – FRANK'S INTERNATIONAL

FRANK'S INTERNATIONAL · Aug 18, 2014 · 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. INVESTOR PRESENTATION THIRD QUARTER 2014 – FRANK'S INTERNATIONAL – slide 1
    Investor Presentation Third Quarter 2014 August 18, 2014 1
  2. INVESTOR PRESENTATION THIRD QUARTER 2014 – FRANK'S INTERNATIONAL – slide 2
    COMPANY OVERVIEW This document contains confidential and proprietary information which is the property of Franks International. None of the information contained herein may be disclosed, reproduced, distributed or used without prior…
  3. INVESTOR PRESENTATION THIRD QUARTER 2014 – FRANK'S INTERNATIONAL – slide 3
    Franks International: A Leading Global Provider of Tubular Services Established in 1938 Industry-leading global provider of highly engineered tubular installation services to E&P companies Global footprint with over 90 offices…
  4. INVESTOR PRESENTATION THIRD QUARTER 2014 – FRANK'S INTERNATIONAL – slide 4
    Investment Highlights Leveraged to deep, complex exploration and development wells Global footprint with a presence in all major oil & gas markets Well positioned for growth as rig counts increase Strong free cash flow in excess…
  5. INVESTOR PRESENTATION THIRD QUARTER 2014 – FRANK'S INTERNATIONAL – slide 5
    Markets and Customers Offshore Markets Gulf of Mexico West Africa North Sea Middle East Latin America Far East Canada Onshore Markets United States Canada Latin America Middle East This document contains confidential and…
  6. INVESTOR PRESENTATION THIRD QUARTER 2014 – FRANK'S INTERNATIONAL – slide 6
    Global Growth Opportunities North Sea Gulf of Mexico Middle East Mexico West Africa Brazil Far East Rig count increases Market Share growth Future Growth Opportunities This document contains confidential and…
  7. INVESTOR PRESENTATION THIRD QUARTER 2014 – FRANK'S INTERNATIONAL – slide 7
    Business Segments 2013 Revenues: 1,078 Million Over 70% of revenue is Tubular Sales 16% U.S. Services - Onshore 16% from offshore projects U.S. Services - Offshore International 24% Services 44% Majority of offshore work is…
  8. INVESTOR PRESENTATION THIRD QUARTER 2014 – FRANK'S INTERNATIONAL – slide 8
    Financial Highlights 1H 2014 results Revenue: 537 million Adjusted EBITDA(1): 205 million Adjusted EBITDA margin: 38.2% Free Cash Flow(2): 84 million Cash (as of 6/30): 444 million Dividend yield(3): 3.0% Debt: Less than 1…
  9. INVESTOR PRESENTATION THIRD QUARTER 2014 – FRANK'S INTERNATIONAL – slide 9
    2014 Expectations Q3 2014 expectations Revenue between 270 million and 280 million Adjusted EBITDA margin between 37% and 39% 2014 expectations International Services revenue growth at least 10% U.S. Offshore revenue growth at…
  10. INVESTOR PRESENTATION THIRD QUARTER 2014 – FRANK'S INTERNATIONAL – slide 10
    Operational Update This document contains confidential and proprietary information which is the property of Franks International. None of the information contained herein may be disclosed, reproduced, distributed or used without…
  11. INVESTOR PRESENTATION THIRD QUARTER 2014 – FRANK'S INTERNATIONAL – slide 11
    Leader in the Deepwater Market Services Casing Installations Completions Hammer Services Specialty Equipment Collar Load Support High Capacity Drill Pipe Handling Equipment Remote Tong Systems Tubular Sales Large O.D. Pipe…
  12. INVESTOR PRESENTATION THIRD QUARTER 2014 – FRANK'S INTERNATIONAL – slide 12
    Proprietary Equipment Total Patents: 258 115 U.S. Issued 143 Foreign Issued 2014 Patents & Filings 8 new U.S. patents in 2014 19 new U.S. patent filings in 2014 Engineering department continuously works to improve existing…
  13. INVESTOR PRESENTATION THIRD QUARTER 2014 – FRANK'S INTERNATIONAL – slide 13
    New Deepwater Technology 1,500 Ton Handling Equipment Industry First Deployed in anticipation of 1,500 ton derricks and top drives Deeper wells require landing heavy casing strings 36 Jet String Elevator Designed to lift flush…
  14. INVESTOR PRESENTATION THIRD QUARTER 2014 – FRANK'S INTERNATIONAL – slide 14
    Jack-Up Market Opportunity Targeting Jack-Up/Shelf market Jack-Up rigs can be served with both traditional casing running equipment and newer Casing Running Tools (CRTs) Minimal capital investment needed to pursue opportunities…
  15. INVESTOR PRESENTATION THIRD QUARTER 2014 – FRANK'S INTERNATIONAL – slide 15
    Continued Gulf of Mexico Rig Count Growth Contracted Floating Rigs Gulf of Mexico since 2012 50 40 30 20 10 0 June August December February September June August December February September…
  16. INVESTOR PRESENTATION THIRD QUARTER 2014 – FRANK'S INTERNATIONAL – slide 16
    New Lafayette Buildings Enable Future Growth Administration Building Operations Building Lafayette, LA Lafayette, LA 175,000 ft2 185,000 ft2 New Operations facility will consolidate current multiple manufacturing and repair…
  17. INVESTOR PRESENTATION THIRD QUARTER 2014 – FRANK'S INTERNATIONAL – slide 17
    SUPPLEMENTAL FINANCIALS This document contains confidential and proprietary information which is the property of Franks International. None of the information contained herein may be disclosed, reproduced, distributed or used without…
  18. INVESTOR PRESENTATION THIRD QUARTER 2014 – FRANK'S INTERNATIONAL – slide 18
    2013 Growth Over Record 2012 Revenue 10 year CAGR: 13.5% 1,200 50% 1,078 1,039 900 42% 40% 41% Adj EBITDA Margin (%)1 724 719 Revenue ( mm)2 602 34% 608 34% 600 532 30% 518 30% 436 28% 369 300 20% 0 10%…
  19. INVESTOR PRESENTATION THIRD QUARTER 2014 – FRANK'S INTERNATIONAL – slide 19
    Recent Segment Results 2013 2014 ( in 000s) Quarter 1 Quarter 2 Quarter 3 Quarter 4 Full Year Quarter 1 Quarter 2 (1) Revenue International Services 110,489 120,872 121,680 122,256 475,297 118,585 129,456 U.S. Services U.S. Land…
  20. INVESTOR PRESENTATION THIRD QUARTER 2014 – FRANK'S INTERNATIONAL – slide 20
    Recent Financial Results 2013 2014 ( in 000s) Quarter 1 Quarter 2 Quarter 3 Quarter 4 Full Year Quarter 1 Quarter 2 Revenue 232,573 292,975 270,102 282,072 1,077,722 264,492 272,937 Operating Income 79,262 103,933 75,193 82,283…
  21. INVESTOR PRESENTATION THIRD QUARTER 2014 – FRANK'S INTERNATIONAL – slide 21
    EBITDA Reconciliation FRANK'S INTERNATIONAL N.V. SELECTED OPERATING SEGMENT DATA (In thousands) 2013 2014 Q1 Q2 Q3 Q4 Full Year Q1 Q2 Segment Adjusted EBITDA: International Services 49,959 54,423 48,752 46,486 199,620 51,028…
  22. INVESTOR PRESENTATION THIRD QUARTER 2014 – FRANK'S INTERNATIONAL – slide 22
    This document contains confidential and proprietary information which is the property of Franks International. None of the information contained herein may be disclosed, reproduced, distributed or used without prior written consent from…

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