Expro Group Holdings N.v. · NYSE:XPRO
Expro — Frank's International — Corporate Update (May 2019)
17 slides from Expro's corporate update, May 1, 2019
Slide 1: Reporting Segments Change
Frank’s InternationalExhibitpage 99.1 Reporting Segments Change May 1, 2019 © 2019 Frank’s International. All rights reserved.
Slide 2: Corporate Information Disclaimer
Frank’s International page 2 Corporate Information Disclaimer This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical
Slide 3: Agenda
Frank’s International page ❖ Strategic Vision and Change ❖ Segment Overview ❖ Segment Comparison ❖ Expense Reclassifications ❖ Financials: Prior vs. Current Disclosure Frank’s International page 3 © 2019 Frank’s International. All rights reserved.
Slide 4: Strategic Vision Drives Change
Frank’s International page 4 Strategic Vision Drives Change Completed global Structure designed Financial reporting system integration Align business to burden aligned with of the Blackhawk with industry segments with management acquisition driving peers for overhead costs to structure to drive stan
Slide 5: New Segment Overview
Frank’s International page 5 New Segment Overview TUBULAR RUNNING CEMENTING SERVICES (TRS) EQUIPMENT (CE) Tubulars Cementing Equipment ) (“CE”) TUBULARS CORPORATE Designed to drive accountability while streamlining decision-making and leveraging the advantages of our global infrastructure © 2019 Fra
Slide 6: Tubular Running Services
Frank’s International page 6 Tubular Running Services The TRS segment provides casing and tubular running services in the international and domestic marketplaces • Provides standard and complex completions in land, shelf, deepwater and ultra-deepwater tubular installations • Specializes in non-marki
Slide 7: Tubulars
Frank’s International page 7 Tubulars The Tubulars segment designs, manufactures and distributes connectors and casing attachments for large outside diameter heavy wall pipe. The Tubulars segment also specializes in the development, manufacture and supply of proprietary drilling tool solutions that
Slide 8: Cementing Equipment
Frank’s International page 8 Cementing Equipment The CE segment provides specialized equipment, services and products utilized in the construction, completion or abandonment of the wellbore in both onshore and offshore environments. These offerings improve operational efficiencies and limit non-prod
Slide 9: Segment Comparison
Frank’s International page 9 Segment Comparison Prior External Segment Structure New External Segment Structure US Int’l Tubular Blackhawk TRS Tubulars CE Corporate Services Services Sales Tubular Black- Tubular Black- Corp US TRS Int’l TRS US TRS Sales hawk Sales hawk Opex US Drill Int’l Drill Tubu
Slide 10: Consolidated Expense Reclassifications
Frank’s International page 10 Consolidated Expense Reclassifications Starting in the first quarter of 2019, the Company has also reclassified certain costs to reflect a change in presentation of the information used by the Company’s management. Historically, and through December 31, 2018, certain di
Slide 11: Expense Reclassifications
Frank’s International page 11 Expense Reclassifications 2018 (Unaudited) (in thousands) 1Q 2Q 3Q 4Q FY Cost of revenues, exclusive of depreciation and amortization Services, as previously reported $ 63,210 $ 65,015 $ 65,726 $ 71,737 $ 265,688 Reclassifications 7,752 9,073 11,846 11,324 39,995 Servic
Slide 12: Segment Revenues - Prior v. Current Disclosure
Frank’s International page 12 Segment Revenues - Prior v. Current Disclosure Prior (Unaudited) (in thousands) 2018 1Q 2Q 3Q 4Q FY International Services $ 48,733 $ 59,361 $ 53,891 $ 61,007 $ 222,992 U.S. Services 32,607 35,136 38,292 42,906 148,941 Tubular Sales 15,220 14,061 12,871 19,263 61,415 Bl
Slide 13: Segment Adjusted EBITDA - Prior v. Current Disclosure
Frank’s International page 13 Segment Adjusted EBITDA - Prior v. Current Disclosure Prior (Unaudited) (in thousands) 2018 1Q 2Q 3Q 4Q FY International Services $ 2,588 $ 13,458 $ 7,848 $ 11,604 $ 35,498 U.S. Services (9,301) (6,379) (846) (1,589) (18,115) Tubular Sales 2,188 170 286 509 3,153 Blackh
Slide 14: (2) (1) (1) Market capitalization as of April 15, 2019 (2) For reconciliation of
Frank’s International page 14 (2) (1) (1) Market capitalization as of April 15, 2019 © 2019 Frank’s International. All rights reserved. (2) For reconciliation of all non U.S. GAAP numbers to U.S. GAAP numbers see tables in the appendix of this presentation
Slide 15: Appendix
Frank’s International page Appendix Frank’s International page 15 © 2019 Frank’s International. All rights reserved.
Slide 16: Adjusted EBITDA Reconciliation
Frank’s International page (Unaudited) (in thousands) 2018 1Q 2Q 3Q 4Q FY Net loss $ (42,073) $ (25,763) $ (6,999) $ (15,898) $ (90,733) Interest income, net (944) (609) (866) (1,824) (4,243) Depreciation and amortization 28,300 28,862 26,998 27,132 111,292 Income tax expense (benefit) 6,375 (815) (
Slide 17: Connect with us
Frank’s International page 17 www.linkedin.com/company/franks/ www.facebook.com/franksinternational/ connect with us @franksintl © 2019 Frank’s International. All rights reserved.