Npk International Inc. · NYSE:NPKI
Npk International — Newpark Resources — Investor Presentation (November 2008)
25 slides from Npk International's investor presentation, Nov 10, 2008
Slide 1: Leadership Focus Growth – Newpark Resources, Inc. November 2008
Leadership Focus Growth Newpark November 2008 Newpark Resources, Inc.
Slide 2: Forward-Looking Statements
2 2 2 Forward-Looking Statements This news release 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
Slide 3: Company Overview
3 3 3 Company Overview Specialized provider of: Fluids Systems and Engineering Well Site Construction Services Environmental Services* Customers: Oil and Gas Industry Key geographic markets: North America North Africa Eastern Europe South America *Environmental Services to be divested *Environmental
Slide 4: Mission & Vision
4 4 4 Mission & Vision Leadership, focus, growth Achieve best-in-class competitive positioning and performance in each business line Position for long-term growth through disciplined approach to strategic investments Build a strong reputation with investors by delivering consistent performance to re
Slide 5: Experienced Leadership
5 5 5 Experienced Leadership Paul Howes, President & CEO Jim Braun, VP & CFO Mark Airola, GC & Admin Officer Bruce Smith, President Fluids Systems and Engineering Bill Moss, President Mats and Integrated Services Tom Eisenman, President Excalibar Minerals LLC
Slide 6: Overall Growth Strategy
6 6 6 Overall Growth Strategy Grow Fluids Systems and Engineering Organically / Acquisitions / Domestically / Internationally Expand scope and geographic position in Well Site Construction Services Acquired SEM Construction, based in Western Colorado Exit Environmental Services FTC filed suit to hal
Slide 7: Engineering Strategy
7 7 7 Fluids Systems and Engineering Strategy Core business line - 86% of revenues Technologically advanced & unique fluid systems DeepDrill , FlexDrill, DeepDrill II and family of specialized water-based products have performance applications for off-shore deepwater and shelf, as well as land based
Slide 8: Serves major North America basins; well-positioned to expand
8 Serves major North America basins; well-positioned to expand Growing market share vis-a-vis other players Approximately 20% share of North American markets served, up from 16% in 20061 Substantial service facilities network New contracts in Rockies and Gulf Coast with independents and in GOM deepw
Slide 9: Aggressive international expansion
9 9 9 Aggressive international expansion Increased drilling activity leading market share gains in Eastern Hemisphere Targeted growth markets Core: Italy, Algeria, Libya & Tunisia Growth opportunities: Egypt, Romania, Hungary Recent "landmark" events Nearing completion of 3rd well in Black Sea Offsh
Slide 10: Brazilian Market Expansion
Brazilian Market Expansion Newly constructed Brazilian fluids plant, operational in September 2008 Leveraging assets to build presence in Brazilian markets Offshore contract with Petrobras valued at approximately 350 million Brazilian Real Expect formal signing of Petrobras contract in November 2008
Slide 11: Well Site Construction Services
Well Site Construction Services Well Site Services Leverage existing customer relationships Advantage of often being first service provider "on site" Expand product and service offerings in the well site preparation market Expansion and diversification Growth opportunities beyond Gulf Coast region C
Slide 12: Solid Capital Structure
Solid Capital Structure Strong cash flow has allowed $48 million debt reduction over last two years Includes $15 million share repurchases No significant near-term debt maturities: $10 million per year next four years 12 Capital Structure - Sept. 30, 2008
Slide 13: Third Quarter 2008 Highlights
13 13 Third Quarter 2008 Highlights Record total revenues of $212 million, up 38% from Q3 07 and 9% from Q2 08 Income from continuing operations up 53% YOY to $0.13 per diluted share Improvements in all regions due to higher activity levels, market share gains and some pricing improvement New contra
Slide 14: Investment Considerations
14 14 14 Investment Considerations Leadership Management team with significant industry experience in place Growth Initiatives Growing Fluids organically and through acquisitions Growing well site construction through additional products, services and geographic and industry mix Driving results to m
Slide 15: Thank you for your interest!
Leadership Focus Strategy Newpark Thank you for your interest!
Slide 16: Appendix
Leadership Focus Strategy Newpark Appendix
Slide 17: Consolidated Statements of Operations
17 17 17 Financials Newpark Resources, Inc. Consolidated Statements of Operations
Slide 18: Consolidated Balance Sheets
18 18 18 Financials <root/> Newpark Resources, Inc. Consolidated Balance Sheets
Slide 19: Operating Segment Results
19 19 19 Financials Newpark Resources, Inc. Operating Segment Results
Slide 20: Consolidated Statements of Cash Flows
20 20 20 Financials Newpark Resources, Inc. Consolidated Statements of Cash Flows
Slide 21: Engineering
21 21 21 Fluids Systems and Engineering * 9 months annualized
Slide 22: Engineering
22 22 22 Fluids Systems and Engineering
Slide 23: Well Site Construction Services
Well Site Construction Services 23 9 Months annualized
Slide 24: Management biographies: Paul Howes and James Braun
24 24 24 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, chemicals and plastics
Slide 25: Management biographies: Bruce Smith and William Moss
25 25 25 Bruce C. Smith, President Fluids Systems and Engineering: 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
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