Expro Group Holdings N.v. · NYSE:XPRO

Expro — JP Morgan Energy, Power, Renewables & Mining Conference 2025

20 slides from Expro's conference presentation, Jun 24, 2025

  1. Slide 1: Energy, Power, and Renewables & Mining Conference

    Energy, Power, and Renewables & Mining Conference June 24, 2025 | New York, NY NYSE: XPRO

  2. Slide 2: Disclaimer

    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. All statements, other than statements of historical facts, included in this presentation that address activities, e

  3. Slide 3: Outlook for Energy Services and Reasons to Own Expro

    Outlook for Energy Services and Reasons to Own Expro Outlook Expro Investment Thesis • While concerns related to the immediate and ultimate impacts of • More stable commodity prices should drive increased operator tariffs has eased, announced and expected increases OPEC+ oil investment and activity,

  4. Slide 4: Get to Know XPRO

    Get to Know XPRO TTM REVENUE1 ~80% ~70% $1,720m International Offshore Asia Pacific ~$1,000m Market Capitalization2 14% North & Latin ~$950m America Middle East BY 33% North Africa REGION 21% ~60 Countries Strong cash Zero net-debt Enterprise Value3 flow outlook balance sheet with significant availa

  5. Slide 5: Investments Focused on Creating Value for Shareholders

    Investments Focused on Creating Value for Shareholders LTM Revenue and LTM Adj. EBITDA Margin ($m) Tangible Capital Employed and LTM ROTC1 ($m) 1900000000 21% Well Flow Management Well Intervention and Integrity Tangible Captal Employed Sebsea Well Access Well Construction 1700000000 LTM Return on T

  6. Slide 6: A Focus on Expro's MENA Region

    GET TO KNOW A Focus on Expro’s MENA Region 4

  7. Slide 7: MENA Will Supply Approximately 33% of Global Oil and 21% of Global Gas

    MENA Will Supply Approximately 33% of Global Oil (~104mm boe/d) and 21% of Global Gas (402mm bcf/d) 2025 Global Oil Production 2025 Global Gas Production Rest of the World Rest of the World 15% 13% Argentina Argentina Nigeria MENA Indonesia 1% Angola 1% Malaysia 1% 1% 21% Nigeria Mexico 2% 1% Turkma

  8. Slide 8: MENA Oil Production Outlook is Stable Through 2030

    MENA Oil Production Outlook is Stable Through 2030 with Good Growth Expected in Gas Production (Not Including Iran) Four MENA Countries are expected to account for ~65% of 2025 MENA oil production and four MENA countries are expected to account for ~50% of 2025 gas production MENA Oil Production MEN

  9. Slide 9: Five Middle Eastern Countries Expected to Spend ~70% of Regional Well Capex

    Five Middle Eastern Countries Expected to Spend ~70% of Regional Well Capex, ~6% of Which is Focused on Gas and Unconventionals $60 $50 Afghanistan Palestine Jordan Lebanon Well Capex ($Bn) $40 Morocco Algeria Yemen Kuwait Tunisia $30 Syria Oman Neutral Zone Represents ~70% of Pakistan UAE $20 Regio

  10. Slide 10: Expro's MENA Region

    GET TO KNOW Expro’s MENA Region Focused on innovation to reduce Expand revenue streams by applying drilling costs, enhance well know-how and technical expertise integrity and improve safety Well Intervention Well Flow Well Testing Production Coretrax Well Flow & Integrity Core Management Management

  11. Slide 11: Industry Leader in Essential Services that Facilitates Margin Expansion Opportunities

    Industry Leader in Essential Services that Facilitates Margin Expansion Opportunities Margin Enhancement Through Value MENA Segment Revenue and Segment EBITDA Margin ($m) Additive Services Superior Operational History with Market Leading Positions: Operational capacity with technology-enabled soluti

  12. Slide 12: Middle East & North Africa Provides Steady Activity with Opportunities for Growth

    Middle East & North Africa Provides Steady Activity with Opportunities for Growth Through Innovative Technologies Algeria (36% of TTM MENA revenue) Iraq (4% of TTM MENA revenue) The Algeria market demand is primarily The Iraqi government is trying to attract new and diverse investments in influenced

  13. Slide 13: Technology-Enabled Solutions and Capabilities Position Expro for Continued Success

    Technology-Enabled Solutions and Capabilities Position Expro for Continued Success and Market Share Expansion in MENA Keys to Success in MENA Market Leadership Highlights • Leading provider of well testing, well intervention and • Local content with adaptability and capacity to production services s

  14. Slide 14: Investors.Expro.com

    Investors.Expro.com Downloadable Financials Our ESG report Follow us on Connect with us on Subscribe to our Appendix: channel To learn even more about Expro, check out these additional places to get in touch with us.

  15. Slide 15: Sell-Side Price Targets Currently in the $12-$15 Range

    Sell-Side Price Targets Currently in the $12-$15 Range 2025 2026 Broker Analyst Rating Price target Revenue ($m) Adj. EBITDA ($m) Revenue ($m) Adj. EBITDA ($m) Barclays Eddie Kim Overweight $12 $1,649 $336 $1,708 $349 Goldman Sachs Ati Modak Neutral $12 $1,664 $351 $1,672 $361 JP Morgan Arun Jayaram

  16. Slide 16: Non-GAAP Reconciliations

    Non-GAAP Reconciliations ($ in millions) Three Months Ended Q1 22 Q2 22 Q3 22 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Total revenue $ 156 $ 176 $ 198 $ 296 $ 280 $ 314 $ 334 $ 351 $ 339 $ 397 $ 370 $ 407 $ 383 $ 470 $ 423 $ 437 $ 391 Adjusted EBITDA1 $ 17

  17. Slide 17: Notes

    Notes Copyright 2025 Expro. All rights reserved.

  18. Slide 18: Notes

    Notes Copyright 2025 Expro. All rights reserved.

  19. Slide 19: Notes

    Notes Copyright 2025 Expro. All rights reserved.

  20. Slide 20: Get to Know

    GET TO KNOW

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