Slide 1: Business Review August 2016
56 93 138 66 109 161 75 123 180 115 148 197 161 180 212 194 205 225 Business Review August 2016 Exhibit 99.1
Slide 2: Safe Harbor Statement
56 93 138 66 109 161 75 123 180 115 148 197 161 180 212 194 205 225 1 Safe Harbor Statement Certain forward-looking information contained herein is being provided in accordance with the provisions of the Private Securities Litigation Reform Act of 1995. We have made reasonable efforts to ensure that
Slide 3: Non-GAAP Financial Measures (Unaudited)
56 93 138 66 109 161 75 123 180 115 148 197 161 180 212 194 205 225 2 Non-GAAP Financial Measures (Unaudited) The Company uses supplemental non-GAAP financial measures which are derived from the consolidated financial information including adjusted net income; adjusted net income per share, earnings
Slide 4: TEAM's Business and Service Offering Overview
56 93 138 66 109 161 75 123 180 115 148 197 161 180 212 194 205 225 • Leading provider of specialty industrial services related to maintenance and installation of pressurized piping systems and processes and inspection – focused primarily on the energy industry • Recurring revenue business model – s
Slide 5: Our Primary Competitive Attributes---Building the Premier Global Industrial Services Company
56 93 138 66 109 161 75 123 180 115 148 197 161 180 212 194 205 225 4 Our Primary Competitive Attributes---Building the Premier Global Industrial Services Company Industrial Services Market Leadership – This means Extending our market leadership in the fragmented mechanical services and inspection
Slide 6: Furmanite Acquisition Summary
56 93 138 66 109 161 75 123 180 115 148 197 161 180 212 194 205 225 5 Furmanite Acquisition Summary • Team, Inc. acquired Furmanite in an all equity transaction. • Acquisition purchase price was $282MM (including debt), representing a 9x multiple of Furmanite 2015 EBITDA of $30MM. (includes $3 milli
Slide 7: Acquisition history and rationale
56 93 138 66 109 161 75 123 180 115 148 197 161 180 212 194 205 225 1999 2004 2004 2007 2008 2010 2011 2012 2013 2015 2016 2016 2016 Company EA Revenues $9 $15 $90 $58 $22 $22 $12 $22 $6 $170 $345 $9 $8 Rationale Add NDT inspection capability into core industrial service offering Expand field heat t
Slide 8: TEAM Proforma Business Structure
56 93 138 66 109 161 75 123 180 115 148 197 161 180 212 194 205 225 7 TEAM Proforma Business Structure TEAM ($1,365) Mechanical Services ($605) Furmanite ($300) (acquired March 2016) Inspection & Heat Treating ($685) NDT=$562, HT=$123 QualSpec ($170) (acquired July 2015) Furmanite ($45) NDT & HT Que
Slide 9: TEAM Historical and Pro Forma Revenue and EBITDA Highlights
56 93 138 66 109 161 75 123 180 115 148 197 161 180 212 194 205 225 8 TEAM Historical and Pro Forma Revenue and EBITDA Highlights ($ in millions) 260 318 479 498 454 508 624 714 813 926 1365 $29 $41 $62 $60 $46 $63 $79 $79 $90 $96 $136 $0 $50 $100 $150 $200 $250 $300 $0 $200 $400 $600 $800 $1,000 $1
Slide 10: A Balanced Portfolio of Standard to Specialty Services
56 93 138 66 109 161 75 123 180 115 148 197 161 180 212 194 205 225 9 A Balanced Portfolio of Standard to Specialty Services 60% 30% 10% TEAM Furmanite Combined 47% 44% 9% Total 2015 (PF) Revenue: $1,020 $ in millions Total 2015 (PF) Revenue: $345 Total 2015 (PF) Revenue: $1,365 ____________________
Slide 11: Geographic Scale, Scope and Customer Access
56 93 138 66 109 161 75 123 180 115 148 197 161 180 212 194 205 225 Team Furmanite Combined Employees 6,000 2,300 8,300 Locations 140 80 220 Countries 15 16 22 10 Geographic Scale, Scope and Customer Access North America (85%) – US (76%)/CA (9%) Europe (10%) Rest of World (5%) Combined Entity Snapsh
Slide 12: U.S. Locations (Team, Furmanite & QualSpec)
56 93 138 66 109 161 75 123 180 115 148 197 161 180 212 194 205 225 11 U.S. Locations (Team, Furmanite & QualSpec) TEAM Branch Office TEAM Branch Office and Equipment Center TEAM Corporate Office QualSpec Resident Locations QualSpec Offices Quest Distribution Location Furmanite Location Furmanite Ma
Slide 13: Blue-Chip Customer Base
56 93 138 66 109 161 75 123 180 115 148 197 161 180 212 194 205 225 12 Blue-Chip Customer Base Refineries 45% Other 17% Pipeline 8% Power 8% Petro- Chemical 22% • Diverse customer base across several large industrial markets • Industry-leading, blue-chip customers • 7,000 active customers and minima
Slide 14: An Attractive Growth Platform
56 93 138 66 109 161 75 123 180 115 148 197 161 180 212 194 205 225 13 An Attractive Growth Platform Breadth of Services New Capital Construction Pipeline Integrity Management LNG Boom and Cheap Feed Stocks Leading North America Market Position Areas of Growth • Opportunity to capitalize on procurem
Slide 15: Questions
56 93 138 66 109 161 75 123 180 115 148 197 161 180 212 194 205 225 August 28, 2015 Questions 14
Slide 16: Investor Information
56 93 138 66 109 161 75 123 180 115 148 197 161 180 212 194 205 225 Investor Information 15 Stock Ticker NYSE: TISI Website: www.teaminc.com Headquarters Team Industrial Services 13131 Dairy Ashford #600 Sugar Land, Texas 77478 Team Contacts Ted Owen: President and CEO +1 281.388.5525 |ted.owen@team
Slide 17: Appendix
56 93 138 66 109 161 75 123 180 115 148 197 161 180 212 194 205 225 Appendix 16
Slide 18: TEAM's Business Integration Bet
56 93 138 66 109 161 75 123 180 115 148 197 161 180 212 194 205 225 17 TEAM’s Business Integration Bet 8 Note: Based on unaudited pro forma consolidated results of operations as if the acquisition of Furmanite and Qualspec had occurred at the beginning of fiscal year 2015. These results are not nece
Slide 19: Pro Forma Revenue 2015
56 93 138 66 109 161 75 123 180 115 148 197 161 180 212 194 205 225 18 Pro Forma Revenue 2015 Note: Based on unaudited pro forma consolidated results of operations as if the acquisition of Furmanite and Qualspec had occurred at the beginning of fiscal year 2015. These results are not necessarily ind
Slide 20: Pro Forma Revenue Summary Q216 vs. Q215
56 93 138 66 109 161 75 123 180 115 148 197 161 180 212 194 205 225 19 Pro Forma Revenue Summary Q216 vs. Q215 Note: Based on unaudited pro forma consolidated results of operations as if the acquisition of Furmanite and Qualspec had occurred at the beginning of fiscal year 2015. These results are no
Slide 21: Merger Cost Synergies Achievement to Date
56 93 138 66 109 161 75 123 180 115 148 197 161 180 212 194 205 225 20 Merger Cost Synergies Achievement to Date (June 30, 2016) Annualized Savings (Millions) Operations 8.43$ Executive Level 2.83$ Corporate Functions 1.35$ Headcount Savings Total 12.61$ Public Company Costs 2.01$ Business Insurance