NPK International Inc. · NYSE:NPKI
NPK International — Newpark Resources — Investor Presentation (February 2017)
21 slides from NPK International's investor presentation, Feb 13, 2017
Slide 1: Newpark Resources Presentation February 2017
N E W P A R K R E S O U R C E S P R E S E N TAT I O N F E B R U A R Y 2 0 1 7
Slide 2: Forward Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act that are based on management's current expectations, estimates and projections. All statements that address expectations or projections about the future, including Newpark's strat
Slide 3: Company Overview
$909 $984 $1,042 $1,118 $677 $471 $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 2011 2012 2013 2014 2015 2016 84% 16% 2016 - Revenue by Segment Operating Segments: Fluids Systems Mats and Integrated Services Customer markets: Oil and Gas exploration Mats expanding into utilities and other
Slide 4: Global Strength
2016 Revenue by Region 45% 39% 9% 7% U.S. EMEA/APAC Latin America Canada G L O B A L S T R E N G T H 4
Slide 5: Strengthened by Our Investments
S T R E N G T H E N E D B Y O U R I N V E S T M E N T S Mats: Completed Manufacturing 2015 and Technology Center 2016 Elevated capital campaign largely completed Infrastructure investments open new markets and significantly enhance our competitiveness Reflects our commitment to be the global l
Slide 6: Fluids Systems - Overview
38% 8% 43% 11% U.S. Canada EMEA/APAC Latin America Largest independent drilling fluids provider 3rd largest drilling fluids company worldwide* Seek to capitalize on competitive diversions to drive further market share gains Expanding global market share, leveraging IOC/NOC relationships $799
Slide 7: Fluids Systems - Technology
F L U I D S S Y S T E M S - T E C H N O L O G Y 7 Proven drilling fluid systems designed to enhance wellsite performance Evolution® high-performance, water-based technology for global applications Fusion™ brine fluid system creates a unique enhancement for shale basins Kronos™ deepwater dril
Slide 8: Fluids Systems - North America
2,283 2,114 2,241 1,170 639 10% 11% 12% 13% 14% 15% 16% - 500 1,000 1,500 2,000 2,500 2012 2013 2014 2015 2016 NAM Rig Count Market Share $585 $615 $654 $687 $352 $183 $0 $100 $200 $300 $400 $500 $600 $700 $800 2011 2012 2013 2014 2015 2016 Revenues impacted by drilling activity and operators redu
Slide 9: Fluids Systems - International
$214 $246 $272 $278 $229 $212 $0 $50 $100 $150 $200 $250 $300 $350 2011 2012 2013 2014 2015 2016 $113 $117 $137 $166 $164 $167 $76 $87 $99 $84 $47 $25 $42 $36 $28 $18 $5 2011 2012 2013 2014 2015 2016 EMEA LATAM APAC International expansion is key to our strategy More stable than NAM, through the
Slide 10: Mats & Integrated Services - Overview
$110 $122 $116 $153 $96 $76 $0 $20 $40 $60 $80 $100 $120 $140 $160 $180 2011 2012 2013 2014 2015 2016 Leading provider of engineered worksite solutions Patented technology and size of composite mat rental fleet provide competitive advantage Revenues include rentals and sale of DURA-BASE compos
Slide 11: Mats & Integrated Services - Strategy and Systems
Transform wellsite offering to system solution, driving lowest cost to operators Defender Spill Containment System Turning Mat Other enhancements (lighting, safety barriers, etc.) Diversify beyond the wellsite Accelerate penetration of non- exploration markets, both domestically and inte
Slide 12: Financial Focus
F I N A N C I A L F O C U S Short-Term Actions Focused on managing cost structure as NAM activity levels improve Continuing efforts to optimize working capital Minimize capital investments beyond deepwater project Long-term Focus Continue investing in strategic capital projects IOC/dee
Slide 13: Wf vewrark
Wf vewrark
Slide 14: Consolidated Statements of Operations
C O N S O L I D AT E D S TAT E M E N T S O F O P E R AT I O N S 14 Three Months Ended Twelve months ended (In thousands, except per share data) December 31, 2016 September 30, 2016 December 31, 2015 December 31, 2016 December 31, 2015 Revenues $ 137,083 $ 104,554 $ 150,587 $ 471,496 $ 676,865 Cost o
Slide 15: Operating Segment Results
O P E R AT I N G S E G M E N T R E S U LT S 15 Three Months Ended (In thousands) December 31, 2016 September 30, 2016 December 31, 2015 Revenues Fluids systems $ 111,560 $ 89,097 $ 130,125 Mats and integrated services 25,523 15,457 20,462 Total revenues $ 137,083 $ 104,554 $ 150,587 Operating income
Slide 16: Consolidated Balance Sheets
C O N S O L I D AT E D B A L A N C E S H E E T S 16 (In thousands, except share data) December 31, 2016 December 31, 2015 ASSETS Cash and cash equivalents $ 87,878 $ 107,138 Receivables, net 214,307 206,364 Inventories 143,612 163,657 Prepaid expenses and other current assets 17,143 29,219 Total cur
Slide 17: Consolidated Statements of Cash Flow
C O N S O L I D AT E D S TAT E M E N T S O F C A S H F L O W 17 Twelve months ended December 31, (In thousands) 2016 2015 Cash flows from operating activities: Net loss $ (40,712 ) $ (90,828 ) Adjustments to reconcile net income to net cash provided by operations: Impairments and other non-cash char
Slide 18: Experienced Leadership
E X P E R I E N C E D L E A D E R S H I P • Paul Howes President & CEO • Gregg Piontek Vice President & CFO • Mark Airola SVP, GC & Admin Officer • Bruce Smith President Fluids Systems • Matthew Lanigan President Mats & Integrated Services • Ida Ashley Vice President, Human Resources 18
Slide 19: Management Biographies
M A N A G E M E N T B I O G R A P H I E S Paul L. Howes, President & CEO: Paul joined Newpark’s Board of Directors and was appointed its Chief Executive Officer in March 2006. In June 2006, Mr. Howes also was appointed as Newpark’s President. Mr. Howes’ career has included experience in the defense
Slide 20: Bruce C. Smith, Executive VP and President Fluids Systems: Bruce joined Newpark in April
Bruce C. Smith, Executive VP and President Fluids Systems: Bruce joined Newpark in April 1998 as Vice President, International. Since October 2000, he has served as President of its subsidiary Newpark Drilling Fluids, L.P. Prior to joining Newpark, Mr. Smith was the Managing Director of the U.K. ope
Slide 21: Focused on Customer's Needs
‘4 T mie 2 ants ig “FOCUSED ON CUSTOMER’S NEEDS = DURA-BASECCT T CLEANING purA-BASE™DEFENDE THE LINER-LESS SPILL COI c
Newpark Resources — Investor Presentation (February 2017) on 6ix