Company Overview One of the Worlds Largest In-Plant Specialty Services Firms Serve Major Energy & Industrial Operators & Contractors Over 50 Years of Established Global Coverage 30/70 International vs. USA Workload Split 3,000…
Company History 2013 Asset Purchase of ENGlobals E&C Gulf 2012 Asset Purchase Coast Services of Cranes Houston Valve Services 2010 5-Year Transformation Initiated 2012 launched NDT 2006 Acquired & inspection 2011 Acquired…
Canada Sweden Norway Denmark Germany United Kingdom Netherlands Belgium Azerbaijan France USA China Puerto Rico Bahrain Nigeria Malaysia 6 Continents Singapore 85 Locations New Zealand 1,600 Technicians Australia…
Our Global Service Network The 2,017 technicians & engineers 71% of YTD revenues Americas 45 locations 421 technicians & engineers EMEA 21% of YTD revenues 24 locations 144 technicians & engineers APAC 8% of YTD revenues 16…
Services We Offer Specialty Mechanical Service Lines: NDT & Inspection Services: Hot Tapping / Line Intervention Automated Ultrasonic Testing* Line Isolation / Weld Testing Phased Array* Heat Treating Exchanger / Condenser Tube…
Revenues by Industry Segment Past 5 Years of Revenues 8
Revenue By Category of Work Past 5 Year Range of Revenues 9
Competition and Competitive Advantages Competition Competitive Advantages Global Recognized technology leader in our - No comparable competitors industry for 90+ years Domestic Global footprint and workforce - Several medium size…
Transformation Time Line 2014 Achieving our Vision of Service Line World Leadership 2012 Houston Move, Establish New Global Organization 2015 Next 5 Year Vision 2013 First Year of Marketing & Executing as the New Furmanite…
Furmanite Orange Code Principles (Expectations of every Team Member) Safety above all else Integrity and Ethical Conduct Customer Responsiveness Perfect Service and Products Global Teamwork and Collaboration Leadership Innovation…
Furmanite Mission Furmanite Vision (Long-Term) (2010-2014) To safely and cost-effectively provide To safely and ethically establish World Class solutions for the full Furmanite as the World leader in all range of each Customers…
Furmanite Orange Way Working Together as One Global Team One Orange Code of Values One Customer Focused Mission One Vision of Service Line Leadership One Company-Wide Culture One Common Financial Goal One Set of Shared Growth…
Furmanite Growth Culture Intentional Action with Clear Goals and Deadlines Everyone lives the Orange Code External/Customer driven Empowering/Coaching Leadership style Open communications One connected Global Team Constant…
Furmanite Growth Strategies 1) Leveraging our Global Footprint Driving Growth Two ways Service Lines & Geographic 2) Establishing Global Service Line Leadership Best of the Best 3) Targeting the Full range of Services Offering a…
Global Matrix Organization Developed and implemented global matrix organization and service line strategic plans to facilitate strong future growth Corporate Headquarters relocation from Dallas to Houston March 2012 Certain…
Acquisitions December 2005 Flowserve General Services Group (GSG) February 2011 Self Leveling Machines (SLM) June 2012 Houston Valve Services (HVS) (MCC Holdings) January 2013 ENGlobal (Inspection Service Division)* August 2013…
Engineering & Project Solutions New Segment 4Q 2013 Service offerings Project Management / Project Controls Process, Mechanical, Structural, Instrument / Electrical Engineering and Design Safety and Risk Assessment Evaluations…
Progress / Outlook Specific strategic plans now driving Vision of Service Line Leadership One Global Furmanite Orange Way Matrix Organization now operationalizing strategies and exploring potential acquisitions Customer Driven Orange…
Revenues by Quarter 21
Historical Financial Information Condensed Consolidated Income Statements 2014 and 2013 (Amounts in 000s except percentages and per share amounts) (Unaudited) For the Three Months Ended For the Six Months Ended June 30, June 30,…
Historical Financial Information Consolidating Income Statements 2014 and 2013 (Amounts in 000s except percentages) (Unaudited) For the Six Months Ended For the Six Months Ended June 30, 2014 June 30, 2013 Engineering Engineering…
Historical Financial Information 2013, 2012 & 2011 ( in 000s except percentages and per share amounts) For the Twelve Months Ended December 31, % % % 2013 2012 2011 Rev Rev Rev Revenues 427,294 100.0% 326,492 100.0% 316,207 100.0%…
Balance Sheet as of June 30, 2014 Cash 37,777 Trade receivables, net 116,727 Inventories 37,640 39 million liquidity under Other current assets 19,515 revolving credit facility Total current assets 211,659 TTM leverage ratio 1.48…
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