Team, Inc. · NYSE:TISI

Team — Investor Presentation (April 2018)

39 slides from Team's investor presentation, Apr 9, 2018

1. Slide 1: Investor Presentation – April 2018

   ©Copyright 2018. TEAM, Inc. All Rights Reserved. Investor Presentation – April 2018 (NYSE: TISI)

2. Slide 2: Safe Harbor Statement

   ©Copyright 2018. TEAM, Inc. All Rights Reserved. 2 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence Safe Harbor Statement + Certain forward-looking information contained herein is being provided in accordance with the provisions of the Private Securities Litigation Refor

3. Slide 3: TEAM at a Glance

   ©Copyright 2018. TEAM, Inc. All Rights Reserved. 3 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence TEAM at a Glance + Premier provider of specialized industrial services to a broad range of energy and industrial end markets + Our customers view our services as required

4. Slide 4: Core Values

   ©Copyright 2018. TEAM, Inc. All Rights Reserved. 4 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence Core Values SAFETY FIRST / QUALITY ALWAYS In everything we do INTEGRITY Uncompromising standards of integrity and ethical conduct SERVICE LEADERSHIP Leading service qualit

5. Slide 5: Key Investment Highlights

   ©Copyright 2018. TEAM, Inc. All Rights Reserved. 5 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence Key Investment Highlights + Provider of inspection and assessment, turnaround, and on-stream services for ~45 years + Broad and deep specialty of standard services and pro

6. Slide 6: New Executive Management

   ©Copyright 2018. TEAM, Inc. All Rights Reserved. 6 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence New Executive Management + New CEO – Amerino Gatti Prior Experience: – More than 25 years at Schlumberger Limited – President of the Production Group, oversaw 20,000 emplo

7. Slide 7: Agenda

   ©Copyright 2018. TEAM, Inc. All Rights Reserved. 7 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence Agenda + 7,300+ highly trained and experienced specialty technicians delivering services locally through 220+ locations Who We Are What We Do Market Dynamics OneTEAM Finan

8. Slide 8: Enterprise Legacy of Growth

   ©Copyright 2018. TEAM, Inc. All Rights Reserved. 8 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence Enterprise Legacy of Growth 1929 FURMANITE BECOMES FULL LEAK SEALING COMPANY 1960 METALOCK LTD ACQUIRED MECHANICAL SERVICES ADDED TO COMPANY OFFERINGS 1973 TEAM INDUSTRIAL

9. Slide 9: Leading Technological Advancements

   ©Copyright 2018. TEAM, Inc. All Rights Reserved. 9 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence Leading Technological Advancements 1920 EUGENE CLAY FURMAN DEVELOPS LEAK SEALING PROCESS 1924 EUGENE CLAY FURMAN DEVELOPS FIRST DIY LEAK SEALING KITS 1927 EUGENE CLAY FURM

10. Slide 10: High Standard of Safety

    ©Copyright 2018. TEAM, Inc. All Rights Reserved. 10 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence High Standard of Safety All employees are empowered and expected to STOP a task or operation that is unsafe; this standard has full management support. 0.18 0.17 0.25 0.0

11. Slide 11: Worldwide Footprint. Local Responsiveness.

    ©Copyright 2018. TEAM, Inc. All Rights Reserved. 11 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence Worldwide Footprint. Local Responsiveness. Operational Countries 20 Total Locations 220 Global Support Centers 34 Corporate Headquarters Sugar Land, Texas 7,300+ Employee

12. Slide 12: Geographic and Service Diversification Strength

    ©Copyright 2018. TEAM, Inc. All Rights Reserved. 12 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence Geographic and Service Diversification Strength Revenue by Geography United States 73% Canada 11% Europe 10% RoW 6% Revenue by Segment Year-end 2017 TEAM Employees 7,300+

13. Slide 13: Agenda

    ©Copyright 2018. TEAM, Inc. All Rights Reserved. 13 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence Agenda + 7,300+ highly trained and experienced specialty technicians delivering services locally through 220+ locationsWho We Are + Provider of inspection and assessment,

14. Slide 14: Unparalleled Breadth and Depth of Solutions

    ©Copyright 2018. TEAM, Inc. All Rights Reserved. 14 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence Ensure pinpoint precision and thermal processes accuracy with our heat transfer analysis and heat- treating products and services. HEAT TREATING SOLUTIONS Validate the in

15. Slide 15: Integrated Workflow - Collect, Analyze and Repair (CAR)

    ©Copyright 2018. TEAM, Inc. All Rights Reserved. 15 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence Integrated Workflow - Collect, Analyze and Repair (CAR) Collect Data Inspection & Heat Treating and Quest Integrity Analyze Condition Quest Integrity, Inspection & Heat T

16. Slide 16: Multi-Level Customer Relationship

    ©Copyright 2018. TEAM, Inc. All Rights Reserved. 16 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence Multi-Level Customer Relationship Nested/Resident Emergency/Call-outProject/Turnaround + Personnel dispatched as needed + Expertise and proximity dependent + Emergency/un

17. Slide 17: Local Competitors Leverage Size and Scale

    ©Copyright 2018. TEAM, Inc. All Rights Reserved. 17 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence Local Competitors Leverage Size and Scale  ~7,300+ employees across 220 locations  Adept at escalating from standard to specialty services  Ability to fully integrate

18. Slide 18: Differentiating Engineered Technologies

    ©Copyright 2018. TEAM, Inc. All Rights Reserved. 18 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence Differentiating Engineered Technologies Proprietary Inspection Technologies and Software Solutions + Advanced Inspection – globally standardized inspection solutions + In

19. Slide 19: Team Digital

    ©Copyright 2018. TEAM, Inc. All Rights Reserved. 19 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence Team Digital Team Digital is our proprietary platform that maximizes quality and efficiency through digitally enabled workflows Planning, Remote Dispatch, Management, QA/

20. Slide 20: Agenda

    ©Copyright 2018. TEAM, Inc. All Rights Reserved. 20 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence Agenda + 7,300+ highly trained and experienced specialty technicians delivering services locally through 220+ locations Who We Are + Provider of inspection and assessment

21. Slide 21: Industrial Services to Support Any Industry

    ©Copyright 2018. TEAM, Inc. All Rights Reserved. 21 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence Industrial Services to Support Any Industry NUCLEAR AUTOMOTIVE REFINING PETROCHEMICAL POWER MINING MANUFACTURING OFFSHOREPIPELINE PULP PAPER GOVERNMENT CHEMICAL AEROSPACE

22. Slide 22: Industrial Services Spend by Industry

    ©Copyright 2018. TEAM, Inc. All Rights Reserved. 22 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence Industrial Services Spend by Industry Petroleum Refining and Chemical Processing industries are projected to increase from 2017 to 2018 Dollars in Billions Notes: IIR dat

23. Slide 23: Petroleum Refinery Industry U.S. Turnaround Maintenance Spend Forecast

    ©Copyright 2018. TEAM, Inc. All Rights Reserved. 23 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence Petroleum Refinery Industry U.S. Turnaround Maintenance Spend Forecast Source: IIR Data Crude Prices WTI 321 Margin Brent 321 Margin Historical Turnarounds Future Turnaro

24. Slide 24: Long Standing Blue Chip Customers

    ©Copyright 2018. TEAM, Inc. All Rights Reserved. 24 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence Long Standing Blue Chip Customers 20% 1 0 % 2017 Revenue $1.2 Billion

25. Slide 25: Agenda

    ©Copyright 2018. TEAM, Inc. All Rights Reserved. 25 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence Agenda + 7,300+ highly trained and experienced specialty technicians delivering services locally through 220+ locations Who We Are + Provider of inspection and assessment

26. Slide 26: OneTEAM Introduction

    ©Copyright 2018. TEAM, Inc. All Rights Reserved. 26 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence OneTEAM Introduction + What is OneTEAM? – A transformational change effort identified by TEAM leadership focused on: + Revenue Enhancement + Operations Improvement + Cent

27. Slide 27: Addressing the Change - OneTEAM Pillars

    ©Copyright 2018. TEAM, Inc. All Rights Reserved. 27 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence Addressing the Change - OneTEAM Pillars + Focused Commercial Function + Sales and marketing + Integrated Business Processes + Cross-sell opportunities + Defined Standards

28. Slide 28: Agenda

    ©Copyright 2018. TEAM, Inc. All Rights Reserved. 28 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence Agenda + 7,300+ highly trained and experienced specialty technicians delivering services locally through 220+ locations Who We Are + Provider of inspection and assessment

29. Slide 29: Financial Highlights

    ©Copyright 2018. TEAM, Inc. All Rights Reserved. 29 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence Financial Highlights Adjusted EBITDA reconciliation provided in Appendix + Q4 2017 – strongest financial performance since Q2 2016 – Inspection & Heat Treating – + Second

30. Slide 30: Long History of Organic Growth and Strategic Acquisitions

    ©Copyright 2018. TEAM, Inc. All Rights Reserved. 30 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence Long History of Organic Growth and Strategic Acquisitions ($ in millions) $260 $318 $479 $498 $545 $508 $624 $714 $813 $926 $1,197 $1,200 $0 $200 $400 $600 $800 $1,000 $1

31. Slide 31: Balance Sheet Data

    ©Copyright 2018. TEAM, Inc. All Rights Reserved. 31 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence Balance Sheet Data (1) Does not reflect unamortized discount, issuance costs and embedded derivative ($ in millions) Dec-16 Jun-17 Dec-17 Bank Credit Facility Debt 367$ 3

32. Slide 32: Revenues and Adjusted EBITDA

    ©Copyright 2018. TEAM, Inc. All Rights Reserved. 32 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence Revenues and Adjusted EBITDA (in thousands) 2017 2016 2017 2016 Revenues Inspection & Heat Treating 148,690$ 153,449$ 588,441$ 589,478$ Mechanical Services 144,819 147,56

33. Slide 33: Key Performance Objectives for 2018

    ©Copyright 2018. TEAM, Inc. All Rights Reserved. 33 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence Key Performance Objectives for 2018 Safety Performance Revenue Growth Business Unit, Region & Branch Profitability Enterprise Profitability Cash Generation + TEAM is well

34. Slide 34: Investment Consideration

    ©Copyright 2018. TEAM, Inc. All Rights Reserved. 34 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence Investment Consideration Premier provider of Maintenance and Inspection Services Long-standing Diversified, Blue Chip Customer Base Deep Domain Expertise Driving Technolo

35. Slide 35: Investor Relations

    ©Copyright 2018. TEAM, Inc. All Rights Reserved. Investor Relations +1 281.388.5500 | IR@teaminc.com 13131 Dairy Ashford, Suite 600 | Sugar Land, Texas 77478

36. Slide 36: Appendix Supplemental Financial Information

    Appendix Supplemental Financial Information

37. Slide 37: Non-GAAP Financial Measures (Unaudited)

    ©Copyright 2018. TEAM, Inc. All Rights Reserved. 37 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence Non-GAAP Financial Measures (Unaudited) The Company uses supplemental non-GAAP financial measures which are derived from the consolidated financial information including

38. Slide 38: Revenue Reconciliation

    ©Copyright 2018. TEAM, Inc. All Rights Reserved. 38 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence Revenue Reconciliation Source: Company disclosures. Furmanite acquired in March 2016 hence prior 2 months shown to obtain a Reported + Acquired Revenue figure $(000's) Re

39. Slide 39: Adjusted EBITDA Reconciliation

    ©Copyright 2018. TEAM, Inc. All Rights Reserved. 39 ©Copyright 2018. TEAM, Inc. All Rights Reserved. Driving Execution Excellence Adjusted EBITDA Reconciliation (in thousands) 2017 2016 2017 2016 Inspection & Heat Treating Operating Income 9,989$ 10,323$ 11,128$ 43,367$ Acquisition costs - - - 307 L

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