Npk International Inc. · NYSE:NPKI
Npk International — Newpark Resources — Investor Presentation (November 2016)
19 slides from Npk International's investor presentation, Nov 10, 2016
Slide 1: Newpark Resources Presentation November 2016
Newpark Resources Presentation November 2016 NYSE: NR
Slide 2: Forward Looking Statements
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 futu
Slide 3: Company Overview
3 $909 $984 $1,042 $1,118 $677 $334 $526 $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 2011 2012 2013 2014 2015 2016 85% 15% First Nine Months 2016 - Revenue by Segment Company Overview Operating Segments: Fluids Systems Mats and Integrated Services Customer markets: Oil and Gas exploration
Slide 4: Global Presence
4 Global Presence First Nine Months 2016 Revenue by Region 43% 39% 10% 1% 7% U.S. EMEA Latin America APAC Canada
Slide 5: Fluids Systems - Overview
5 36% 8% 43% 12% 1% U.S. Canada EMEA Latin America APAC Fluids Systems - Overview Largest independent drilling fluids provider 3rd largest drilling fluids company worldwide* Seek to capitalize on competitive diversions to drive market share gains Geographic reach continuing to expand, levera
Slide 6: Fluids Systems – North America
6 2,283 2,114 2,241 1,170 594 10% 11% 12% 13% 14% 15% 16% - 500 1,000 1,500 2,000 2,500 2012 2013 2014 2015 First Nine Months 2016 NAM Rig Count Market Share $585 $615 $654 $687 $352 $123 $279 $0 $100 $200 $300 $400 $500 $600 $700 $800 2011 2012 2013 2014 2015 2016 Fluids Systems – North America R
Slide 7: Fluids Systems - International
7 $214 $246 $272 $278 $229 $172 $160 $0 $50 $100 $150 $200 $250 $300 $350 2011 2012 2013 2014 2015 2016 $113 $117 $137 $166 $164 $123 $76 $87 $99 $84 $47 $25 $42 $36 $28 $18 $4 2011 2012 2013 2014 2015 First Nine Months 2016 EMEA LATAM APAC Fluids Systems - International International expansion is
Slide 8: Fluids Strategic Investments
8 Fluids Strategic Investments Newpark Technology Center Manufacturing Facility & Distribution Center Gulf of Mexico Deepwater Shorebase Elevated capital campaign largely completed Infrastructure investments significantly enhance our capabilities Reflects our commitment to be the global leader
Slide 9: Mats & Integrated Services - Overview
9 $110 $122 $116 $153 $96 $51 $75 $0 $20 $40 $60 $80 $100 $120 $140 $160 $180 2011 2012 2013 2014 2015 2016 Mats & Integrated Services - Overview Leading provider of engineered worksite solutions Patented technology and size of composite mat rental fleet provide competitive advantage Revenues
Slide 10: Mats & Integrated Services - Strategy
10 Mats & Integrated Services - Strategy Key investments made to support future growth Manufacturing capacity expanded R&D center completed Transform wellsite offering to system solution, driving lowest cost to operators Defender Spill Containment System Other enhancements (lighting, saf
Slide 11: Maintaining Financial Discipline
11 Maintaining Financial Discipline Short-Term Actions Focused on managing cost structure as NAM activity levels improve Generating cash flow through continued working capital reductions Minimize capital investments beyond deepwater project Long-term Focus Continue investing in strategic
Slide 12: Appendix
12 APPENDIX
Slide 13: Consolidated Statements of Operations
13 Consolidated Statements of Operations Three Months Ended Nine Months Ended (In thousands, except per share data) September 30, 2016 June 30, 2016 September 30, 2015 September 30, 2016 September 30, 2015 Revenues $ 104,554 $ 115,315 $ 154,170 $ 334,413 $ 526,278 Cost of revenues 99,293 102,803 138
Slide 14: Operating Segment Results
14 Operating Segment Results Three Months Ended (In thousands) September 30, 2016 June 30, 2016 September 30, 2015 Revenues Fluids systems $ 89,097 $ 96,153 $ 138,765 Mats and integrated services 15,457 19,162 15,405 Total revenues $ 104,554 $ 115,315 $ 154,170 Operating income (loss) Fluids systems
Slide 15: Consolidated Balance Sheets
15 Consolidated Balance Sheets (In thousands, except share data) September 30, 2016 December 31, 2015 ASSETS Cash and cash equivalents $ 91,864 $ 107,138 Receivables, net 169,839 206,364 Inventories 138,747 163,657 Prepaid expenses and other current assets 30,358 29,219 Total current assets 430,808
Slide 16: Consolidated Statements of Cash Flow
16 Consolidated Statements of Cash Flow Nine Months Ended September 30, (In thousands) 2016 2015 Cash flows from operating activities: Net loss $ (40,655 ) $ (7,732 ) Adjustments to reconcile net loss to net cash provided by operations: Impairments and other non-cash charges 9,493 — Depreciation and
Slide 17: Experienced Leadership
17 Experienced Leadership • Paul Howes President & CEO • Gregg Piontek VP & CFO • Mark Airola SVP, GC & Admin Officer • Bruce Smith President Fluids Systems • Matthew Lanigan President Mats & Integrated Services
Slide 18: Management Biographies
18 Management Biographies 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 industry, chemic
Slide 19: Management Biographies (continued)
19 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.
Newpark Resources — Investor Presentation (November 2016) on 6ix