Financial Performance - Net cash provided by operating activities for Q1 2024 was $29.9 million, down from $32.8 million in Q4 2023, primarily due to a decrease in Adjusted EBITDA by $17.6 million and the non-repeat of $5.6 million in dividends from joint ventures [134]. - Revenue for the three months ended March 31, 2024, decreased by $23.3 million, or 5.7%, to $383.5 million compared to $406.8 million for the three months ended December 31, 2023 [135]. - Net loss for the three months ended March 31, 2024, was $2.7 million, compared to a net loss of $12.4 million for the three months ended December 31, 2023, resulting in a net loss margin of (0.7)% [135]. - Adjusted EBITDA for the three months ended March 31, 2024, decreased by $17.6 million, or 20.7%, to $67.5 million from $85.1 million for the three months ended December 31, 2023, with an Adjusted EBITDA margin of 17.6% [135]. Segment Performance - Revenue for the NLA segment was $130.4 million for the three months ended March 31, 2024, a decrease of $15.1 million, or 10.4%, compared to $145.5 million for the three months ended December 31, 2023 [146]. - Segment EBITDA for the NLA segment was $34.4 million, or 26.4% of revenues, a decrease of $9.9 million, or 22.3%, compared to $44.3 million, or 30.5% of revenues, for the three months ended December 31, 2023 [147]. - Revenue for the ESSA segment was $121.7 million for the three months ended March 31, 2024, a decrease of $12.1 million, or 9.0%, compared to $133.8 million for the three months ended December 31, 2023 [148]. - Segment EBITDA for the ESSA segment was $25.2 million, or 20.7% of revenues, a decrease of $15.8 million, or 38.5%, compared to $41.0 million, or 30.6% of revenues, for the three months ended December 31, 2023 [149]. - Revenue for the MENA segment was $71.5 million for the three months ended March 31, 2024, an increase of $6.1 million, or 9.3%, compared to $65.4 million for the three months ended December 31, 2023 [150]. - Segment EBITDA for the MENA segment was $24.5 million, or 34.3% of revenues, an increase of $3.2 million, or 15.0%, compared to $21.3 million, or 32.5% of revenues, for the three months ended December 31, 2023 [151]. - Revenue for the NLA segment was $130.4 million for the three months ended March 31, 2024, an increase of $4.2 million, or 3.3%, compared to the same period in 2023 [161]. - Segment EBITDA for the NLA segment was $34.4 million, or 26.4% of revenues, an increase of $2.5 million, or 7.8%, compared to the same period in 2023 [162]. - Revenue for the ESSA segment was $121.7 million for the three months ended March 31, 2024, an increase of $8.1 million, or 7.1%, compared to the same period in 2023 [163]. - Segment EBITDA for the ESSA segment was $25.2 million, or 20.7% of revenues, an increase of $4.4 million, or 21.2%, compared to the same period in 2023 [164]. - Revenue for the MENA segment was $71.5 million for the three months ended March 31, 2024, an increase of $20.6 million, or 40.5%, compared to the same period in 2023 [165]. - Segment EBITDA for the MENA segment was $24.5 million, or 34.3% of revenues, an increase of $9.9 million, or 67.8%, compared to the same period in 2023 [166]. - Revenue for the APAC segment was $59.9 million for the three months ended March 31, 2024, an increase of $11.4 million, or 23.5%, compared to the same period in 2023 [167]. - Segment EBITDA for the APAC segment was $10.8 million, an increase of $13.5 million compared to a loss of $2.7 million for the same period in 2023 [168]. Market Outlook - Average daily oil demand in Q1 2024 exceeded 2023 levels, with liquid demand expected to grow by 0.8 million b/d in 2024 over 2023 [119]. - Brent crude oil prices increased from an average of $80/bbl in January to $85/bbl in March 2024, driven by geopolitical tensions and OPEC+ supply cuts [119]. - Global liquids fuels consumption is forecasted to average 102.9 million b/d in 2024, increasing by 0.9 million b/d over 2023 [121]. - Global liquid fuels production is expected to average 102.6 million b/d in 2024, an increase of 0.8 million b/d over 2023 [122]. - The EIA expects oil prices to average $90/bbl in Q2 2024 and $89/bbl for the entire year [123]. - The market outlook for 2024 remains positive, with strong prices driving growth in exploration and production expenditures [126]. - Demand for services and solutions is expected to continue trending positively throughout 2024 [127]. Operational Challenges - The company suspended vessel-deployed light well intervention operations in Q3 2023 due to a wire failure, and is currently assessing the situation and pursuing an insurance claim [134]. - Continuing uncertainty regarding global crude oil demand and prices may lead to significant reductions in domestic oil and gas activity, impacting demand for products and services [191]. - Uncertainty about the timing and extent of economic recovery or recession in the U.S. and other countries will likely affect crude oil demand and commercial opportunities [191]. - Unique risks associated with offshore operations include the ability to recover and economically repair equipment located on the seabed [191]. - Political and regulatory uncertainties in international operations, including OPEC and non-OPEC production level impacts [191]. - The company's ability to develop new technologies and products while protecting intellectual property rights is crucial [191]. - Attracting, training, and retaining key employees and qualified personnel remains a significant challenge [191]. - The overall transition of the global energy sector from fossil-based systems to renewable energy sources is ongoing [191]. - Perception related to environmental, social, and governance (ESG) performance and future ESG reporting requirements is critical [191]. - Market risk exposure has not changed materially since December 31, 2023 [193]. Capital Expenditures and Liquidity - Total available liquidity as of March 31, 2024, was $291.2 million, including cash and cash equivalents of $164.5 million [176]. - Total capital expenditures are estimated to range between $100.0 million and $110.0 million for the remaining nine months of 2024 [177].

Expro Group Holdings N.V. (NYSE:XPRO) Q1 2024 Earnings Conference Call April 25, 2024 10:00 AM ET Company Participants Chad Stephenson - Director Investor Relations Mike Jardon - Chief Executive Officer Quinn Fanning - Chief Financial Officer Conference Call Participants Luke Lemoine - Piper Sandler Ati Modak - Goldman Sachs Arun Jayaram - JPMorgan Steve Ferazani - Sidoti Josh Jayne - Daniel Energy Partners Operator Good morning, ladies and gentlemen. Welcome to the Expro Q1 2024 Earnings Presentation. My n ...

Expro Group Holdings N.V. Q1 | 2024 Highlights NYSE: XPRO 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, events or developments that Expro Group Holdings N.V. (the "Company") expects, believes or anticipates will or may occur in the future are forwardlooking s ...

Exhibit 99.1 PRESS RELEASE FOR IMMEDIATE RELEASE EXPRO GROUP HOLDINGS N.V. ANNOUNCES FIRST QUARTER 2024 RESULTS Revenue of $383 million, down 6% sequentially and up 13% year-over-year. Net loss of $3 million, as compared to net loss of $12 million for the fourth quarter of 2023 and a net loss of $6 million for the first quarter of 2023. Net loss margin was (1)% for the first quarter of 2024, compared to (3)% for the fourth quarter of 2023. Adjusted EBITDA1 of $67 million, down 20% sequentially and up 61% ye ...

Expro Group Holdings N.V. (NYSE:XPRO) Q4 2023 Earnings Conference Call February 21, 2024 1:00 PM ET Company Participants Quinn Fanning - Chief Financial Officer Mike Jardon - Chief Executive Officer Conference Call Participants Luke Lemoine - Piper Sandler Arun Jayaram - JPMorgan Eddie Kim - Barclays Steve Ferazani - Sidoti & Company Operator Hello, everyone, and welcome to the Expro Q4 2023 Earnings Presentation. My name is Emily and I'll be coordinating your call today. After the presentation, there will ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______ to ______ Commission file number: 001-36053 Expro Group Holdings N.V. (Exact name of registrant as specified in its charter) | The Netherl ...

Expro Group Holdings N.V. Q4 | 2023 Highlights NYSE: XPRO 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, events or developments that Expro Group Holdings N.V. (the "Company") expects, believes or anticipates will or may occur in the future are forwardlooking s ...

Exhibit 99.1 PRESS RELEASE FOR IMMEDIATE RELEASE EXPRO ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 RESULTS Strong operational performance and profitable growth driven by a rebound of NLA activity and acquisition of PRT Of shore. Revenue of $407 million for the fourth quarter, up 10% sequentially. Revenue of $1,513 million for the full year, up 18% year-over-year. Net loss of $12 million for the fourth quarter as compared to net loss of $14 million for the third quarter of 2023. Net loss of $23 million for t ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______ to ______ Commission file number: 001-36053 (Exact name of registrant as specified in its charter) The Netherlands 98-1107145 (St ...

Expro Group Holdings N.V. (NYSE:XPRO) Q3 2023 Results Conference Call July 27, 2023 1:00 PM ET Company Participants Quinn Fanning - Chief Financial Officer Mike Jardon - Chief Executive Officer Conference Call Participants Eddie Kim - Barclays Alexa Petrick - Goldman Sachs Steve Ferazani - Sidoti & Company Luke Lemoine - Piper Sandler Operator Hello, everyone, and a warm welcome to the Expro Second Quarter 2023 Earnings Presentation. My name is Emily, and I will be coordinating your call today. [Operator In ...