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INVESTOR PRESENTATION Q4 2014 – FRANK'S INTERNATIONAL

FRANK'S INTERNATIONAL · Nov 10, 2014 · 24 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 Q4 2014 – FRANK'S INTERNATIONAL – slide 1
    Investor Presentation Q4 2014 Nov 10, 2014 This document contains confidential and proprietary information which is the property of Franks International. None of the information contained herein may be disclosed, reproduced,…
  2. INVESTOR PRESENTATION Q4 2014 – FRANK'S INTERNATIONAL – slide 2
    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…
  3. INVESTOR PRESENTATION Q4 2014 – FRANK'S INTERNATIONAL – slide 3
    Leader in Well Construction Franks International is a 75+ year old company focused on providing well construction services to E&P companies around the world This document contains confidential and proprietary information which…
  4. INVESTOR PRESENTATION Q4 2014 – FRANK'S INTERNATIONAL – slide 4
    Value to our Customers Reduced Safer Increased Rig Time Operations Well Integrity Extended Range Handling Tools Remote Tong System Fluid Grip Tong This document contains confidential and proprietary information which is the…
  5. INVESTOR PRESENTATION Q4 2014 – FRANK'S INTERNATIONAL – slide 5
    Global Market Outlook New technologies, techniques and operating practices will be needed to improve cost/boe This document contains confidential and proprietary information which is the property of Franks International. None of…
  6. INVESTOR PRESENTATION Q4 2014 – FRANK'S INTERNATIONAL – slide 6
    Sources of New Production Unconventional and deepwater new source production have the highest expected growth Unconventional growth predominantly driven by North American shale plays Conventional onshore and shallow water still…
  7. INVESTOR PRESENTATION Q4 2014 – FRANK'S INTERNATIONAL – slide 7
    Gulf of Mexico Single Joint Elevator Increasing offshore rig count Lower Tertiary trend Mexico reform 2016 and beyond FI Growth Drivers Increase jackup market share Increase completion market share This document…
  8. INVESTOR PRESENTATION Q4 2014 – FRANK'S INTERNATIONAL – slide 8
    International Markets Deepwater growth Remote Powertong Cassette Package West Africa Latin America Shallow water growth Middle East jackups FI Growth Drivers Increase market share in North Sea, Middle East and Far East…
  9. INVESTOR PRESENTATION Q4 2014 – FRANK'S INTERNATIONAL – slide 9
    U.S. Land FX350 Casing Running Tool (CRT) More unconventional oil sources FI growth drivers Investment in third-party equipment Revised pricing strategy This document contains confidential and proprietary information…
  10. INVESTOR PRESENTATION Q4 2014 – FRANK'S INTERNATIONAL – slide 10
    Tubular Sales Increased deepwater drilling increases demand for large outside diameter (OD) pipe FI Growth Drivers Expand geographic presence Alvin, Texas (2014) Bundled sales with Tubular Running Services (TRS) Port of Iberia,…
  11. INVESTOR PRESENTATION Q4 2014 – FRANK'S INTERNATIONAL – slide 11
    Q3 Highlights ( in millions) Total Company Revenue 296.2 Up 8.5% sequentially Adjusted EBITDA(1) 120.5 Up 16.8% sequentially Adjusted EBTIDA Margin 40.7% Up 290 bps sequentially Cash 468.4 Dividend Yield(2) 3.1% 1)…
  12. INVESTOR PRESENTATION Q4 2014 – FRANK'S INTERNATIONAL – slide 12
    YTD Highlights ( in millions) Total Company Revenue 833.6 Up 4.8% Adjusted EBITDA(1) 325.9 Down 0.8% Adjusted EBTIDA Margin 39.1% Down 219 bps Segment Revenue U.S. Land 121.9 Down 7.4% Gulf of Mexico 199.5 Up 5.2% U.S. Services…
  13. INVESTOR PRESENTATION Q4 2014 – FRANK'S INTERNATIONAL – slide 13
    2014 Expectations International Services revenue growth at least 10% U.S. Offshore revenue growth at least 10% U.S. Land revenue decline 10% Tubular Sales revenue growth at least 4% Overall Adjusted EBITDA margins between 37%…
  14. INVESTOR PRESENTATION Q4 2014 – FRANK'S INTERNATIONAL – slide 14
    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…
  15. INVESTOR PRESENTATION Q4 2014 – FRANK'S INTERNATIONAL – slide 15
    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%…
  16. INVESTOR PRESENTATION Q4 2014 – FRANK'S INTERNATIONAL – slide 16
    Recent Segment Results 2013 2014 ( in 000s) Quarter 1 Quarter 2 Quarter 3 Quarter 4 Full Year Quarter 1 Quarter 2 Quarter 3 (1) Revenue International Services 110,489 120,872 121,680 122,256 475,297 118,585 129,456 143,330 U.S.…
  17. INVESTOR PRESENTATION Q4 2014 – FRANK'S INTERNATIONAL – slide 17
    Recent Financial Results 2013 2014 ( in 000s) Quarter 1 Quarter 2 Quarter 3 Quarter 4 Full Year Quarter 1 Quarter 2 Quarter 3 Revenue 232,573 292,975 270,102 282,072 1,077,722 264,492 272,937 296,183 Operating Income 79,262 103,933…
  18. INVESTOR PRESENTATION Q4 2014 – FRANK'S INTERNATIONAL – slide 18
    EBITDA Reconciliation FRANK'S INTERNATIONAL N.V. SELECTED OPERATING SEGMENT DATA (In thousands) 2013 2014 Q1 Q2 Q3 Q4 Full Year Q1 Q2 Q3 Segment Adjusted EBITDA: International Services 49,959 54,423 48,752 46,486 199,620 51,028…
  19. INVESTOR PRESENTATION Q4 2014 – FRANK'S INTERNATIONAL – slide 19
    Appendix 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…
  20. INVESTOR PRESENTATION Q4 2014 – FRANK'S INTERNATIONAL – slide 20
    Proprietary Equipment Total Patents: 258 Remote Powertong Cassette Package 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…
  21. INVESTOR PRESENTATION Q4 2014 – FRANK'S INTERNATIONAL – slide 21
    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 OD…
  22. INVESTOR PRESENTATION Q4 2014 – FRANK'S INTERNATIONAL – slide 22
    Specialty Tubular Handling Fluid Grip Automated Tong Patented Non-metallic gripping system Allows for zero marking handling of corrosion-resistant alloy tubulars Packaged with Collar Load Support (CLS) for compete non- marking…
  23. INVESTOR PRESENTATION Q4 2014 – FRANK'S INTERNATIONAL – slide 23
    Well Completion COBRA Completion Control Line Manipulating System 6 U.S. Patents Ensure controls lines do not get damaged while running casing Interlocking system prevents slips from closing on the control lines…
  24. INVESTOR PRESENTATION Q4 2014 – FRANK'S INTERNATIONAL – slide 24
    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…

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