Npk International Inc. · NYSE:NPKI
Npk International — Newpark Resources — Investor Presentation (September 2016)
19 slides from Npk International's investor presentation, Sep 6, 2016
Slide 1: Newpark Resources Presentation September 2016
Newpark Resources Presentation September 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 $230 $372 $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 2011 2012 2013 2014 2015 2016 85% 15% First Half 2016 - Revenue by Segment Company Overview Operating Segments: Fluids Systems Mats and Integrated Services Customer markets: Oil and Gas exploration Mats
Slide 4: Global Presence
4 Global Presence First Half 2016 Revenue by Region 42% 39% 11% 1% 7% U.S. EMEA Latin America APAC Canada
Slide 5: Fluids Systems - Overview
5 35% 8% 42% 13% 2% 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 1,170 591 10% 11% 12% 13% 14% 15% 16% - 500 1,000 1,500 2,000 2,500 2012 2013 2014 2015 First Half 2016 NAM Rig Count Market Share $585 $615 $654 $687 $352 $83 $198 $0 $100 $200 $300 $400 $500 $600 $700 $800 2011 2012 2013 2014 2015 2016 Fluids Systems – North America Revenues
Slide 7: Fluids Systems - International
7 $214 $246 $272 $278 $229 $114 $112 $0 $50 $100 $150 $200 $250 $300 $350 2011 2012 2013 2014 2015 2016 $113 $117 $137 $166 $164 $83 $76 $87 $99 $84 $47 $25 $42 $36 $28 $18 $3 2011 2012 2013 2014 2015 First Half 2016 APAC LATAM EMEA Fluids Systems - International International expansion is key to
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 $35 $60 $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 Mobile Cleaning System Other en
Slide 11: Navigating Through The Cycle
11 Navigating Through The Cycle Short-Term Actions Actively monitoring and adjusting cost structure to match current activity levels Generating cash flow through continued working capital reductions Minimize capital investments beyond deepwater project Long-term Focus Continue investing
Slide 12: Appendix
12 APPENDIX
Slide 13: Consolidated Statements of Operations
13 Consolidated Statements of Operations Three Months Ended Six Months Ended (In thousands, except per share data) June 30, 2016 March 31, 2016 June 30, 2015 June 30, 2016 June 30, 2015 Revenues $ 115,315 $ 114,544 $ 163,644 $ 229,859 $ 372,108 Cost of revenues 102,803 111,573 142,155 214,376 318,78
Slide 14: Operating Segment Results
14 Operating Segment Results Three Months Ended (In thousands) June 30, 2016 March 31, 2016 June 30, 2015 Revenues Fluids systems $ 96,153 $ 98,651 $ 140,344 Mats and integrated services 19,162 15,893 23,300 Total revenues $ 115,315 $ 114,544 $ 163,644 Operating income (loss) Fluids systems $ (11,92
Slide 15: Consolidated Balance Sheets
15 Consolidated Balance Sheets (In thousands, except share data) June 30, 2016 December 31, 2015 ASSETS Cash and cash equivalents $ 93,148 $ 107,138 Receivables, net 177,484 206,364 Inventories 144,876 163,657 Prepaid expenses and other current assets 31,198 29,219 Total current assets 446,706 506,3
Slide 16: Consolidated Statements of Cash Flow
16 Consolidated Statements of Cash Flow Six Months Ended June 30, (In thousands) 2016 2015 Cash flows from operating activities: Net loss $ (27,204 ) $ (3,261 ) Adjustments to reconcile net loss to net cash provided by operations: Impairments and other non-cash charges 8,617 — Depreciation and amort
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 (September 2016) on 6ix