Expro Group Holdings N.v. · NYSE:XPRO

Expro — Frank's International — Q1 2021 Earnings Presentation

16 slides from Expro's earnings presentation, May 4, 2021

  1. Slide 1: 1Q'21 Conference Call

    Frank’s International page Frank’s International 1Q’21 Conference Call May 4, 2021 © 2021 Frank’s International. All rights reserved.

  2. Slide 2: Corporate Information & Disclaimer

    Frank’s International page 2 Corporate Information & Disclaimer Disclaimer This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Mike Kearney Securities Exchange Act of 1934, as amended. All statements, other than stat

  3. Slide 3: Additional Disclaimers

    Frank’s International page 3 Additional Disclaimers No Offer or Solicitation This communication relates to a proposed merger and related transactions (the “Transactions”) between Frank’s International N.V. (“Frank’s”) and Expro Group Holdings International Limited (“Expro”). This communication is fo

  4. Slide 4: 1Q'21 Earnings Conference Call Agenda

    Frank’s International page 4 1Q’21 Earnings Conference Call Agenda Introduction – Melissa Cougle, SVP and CFO 1Q’21 Overview – Mike Kearney, President and CEO Financial Performance – Melissa Cougle, SVP and CFO © 2021 Frank’s International. All rights reserved. 4

  5. Slide 5: 1Q'2021 Company Highlights

    Frank’s International page 5 1Q’2021 Company Highlights Experienced higher customer activity levels in most international operating basins and accelerated improvement in U.S. land Improved international and U.S. land activity in Tubular Running Services segment offset by North America Offshore rig s

  6. Slide 6: 1Q'2021 Regional Highlights

    Frank’s International page 6 1Q’2021 Regional Highlights Europe / Africa: Benefitted from rig deployments and project start-ups in offshore West Africa and North Sea with additional project start-ups planned for providing additional operating momentum. Middle East / Asia Pacific: Benefitted from imp

  7. Slide 7: Consolidated Frank's International Performance 1Q'21 Highlights

    Frank’s International Frank’s page 7 International page Consolidated Frank’s International Performance 1Q’21 Highlights 1Q’21 ($ in millions) 1Q'21 4Q'20 1Q’20 Quarterly Variance Prior Year Variance Segment Revenue Revenue $ 94.8 $ 96.3 $ 123.5 (2)% (23)% Net Loss (23.9) (8.2) (86.0) Unfavorable Fav

  8. Slide 8: Tubular Running Services

    Frank’s International page 8 Tubular Running Services 1Q’21 Highlights Highlights Revenue $89.5 • Revenue improved 2% sequentially to $65.0 $66.3 $66.3 million with Adjusted EBITDA $62.3 $52.9 more than doubling to $8.1 million • Improved customer activity levels in most international markets and ac

  9. Slide 9: Tubulars

    Frank’s International page 9 Tubulars 1Q’21 Highlights Revenue Highlights $16.5 $15.9 • Revenue decreased 26% sequentially $12.5 $11.7 to $11.7 million with Adjusted $8.7 EBITDA totaling $0.6 million • Tubulars segment negatively affected by deliveries and higher drilling tool activity in the fourth

  10. Slide 10: Cementing Equipment

    Frank’s International page 10 Cementing Equipment 1Q’21 Highlights Revenue Highlights $21.5 $15.5 $16.9 • Revenue increased 9% to $16.9 million $15.0 $15.0 with Adjusted EBITDA of $4.8 million, generating +57% incremental margin • Sequential improvement driven by accelerated U.S. land activity and 1

  11. Slide 11: Outlook

    Frank’s International page 11 Outlook Additional rig deployments and project start-ups will generate strong year over year revenue growth Confidence in our ability to generate double-digit Adjusted EBITDA margins in 2021 Focused on capturing incremental efficiencies and delivering high value product

  12. Slide 12: Frank's International N.V. is a global oil services company

    Frank’s International page 12 Frank’s International N.V. is a global oil services company that provides a broad and comprehensive range of highly engineered tubular running services, tubular fabrication, and specialty well construction and well intervention solutions with a focus on complex and tech

  13. Slide 13: Appendix

    Frank’s International page Appendix Frank’s International page 13 © 2021 Frank’s International. All rights reserved.

  14. Slide 14: Reconciliation of Net Loss to Adjusted EBITDA

    Frank’s International Frank’s page International page Three Months Ended Twelve Months Ended Mar. 31, Dec. 31 Mar. 31 Dec. 31, ($ in thousands) 2021 2020 2020 2020 Net loss $ (23,886) $ (8,206) $ (85,978) $ (156,220) Goodwill impairment — — 57,146 57,146 Severance and other charges, net 7,376 3,587

  15. Slide 15: Reconciliation of Adjusted Net Loss and Net Loss per Diluted Share

    Frank’s International Frank’s page International page Three Months Ended Twelve Months Ended Mar. 31, Dec. 31, Mar. 31, Dec. 31, ($ in thousands) 2021 2020 2020 2020 Net loss $ (23,886) $ (8,206) $ (85,978) $ (156,220) Goodwill impairment (net of tax) — — 55,740 55,740 Severance and other charges, n

  16. Slide 16: connect with us

    Frank’s International page 16 www.linkedin.com/company/franks/ www.facebook.com/franksinternational/ connect with us @franksintl © 2021 Frank’s International. All rights reserved.

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