EX-99.2 9 d74132dex992.htm EX-99.2

Exhibit 99.2 CREATING A LEADING FULL-CYCLE SERVICE PROVIDER March 11, 2021Exhibit 99.2 CREATING A LEADING FULL-CYCLE SERVICE PROVIDER March 11, 2021

Important Information No Offer or Solicitation This communication relates to a proposed merger and related transactions (the “Transactions”) between Frank’s International N.V. (“Frank’s”) and Expro Group Holdings International Limited (“Expro”). This communication is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, in any jurisdiction, pursuant to the Transactions or otherwise, nor shall there be any sale, issuance, exchange or transfer of the securities referred to in this document in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Important Additional Information In connection with the Transactions, Frank’s intends to file relevant materials with the U.S. Securities and Exchange Commission (the “SEC”), including a registration statement on Form S-4 (the “Registration Statement”), which will include a proxy statement/prospectus of Frank’s. After the Registration Statement has been declared effective by the SEC, a definitive proxy statement/prospectus will be mailed to the shareholders of the Frank’s and Expro. SHAREHOLDERS OF FRANK’S AND EXPRO ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) AND OTHER DOCUMENTS RELATING TO THE TRANSACTIONS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTIONS. Such shareholders will be able to obtain free copies of the proxy statement/prospectus and other documents containing important information about Frank’s and Expro once such documents are filed with the SEC through the website maintained by the SEC at http://www.sec.gov. Additional information is available on the Frank’s website, www.franksinternational.com. Participants in the Solicitation Frank’s and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Frank’s in connection with the Transactions. Expro and its officers and directors may also be deemed participants in such solicitation. Information regarding Frank’s directors and executive officers is contained in the proxy statement for Frank’s 2020 Annual Meeting of Shareholders, which was filed with the SEC on April 28, 2020, Frank’s Annual Report on Form 10-K for the year ended December 31, 2020, which was filed with the SEC on March 1, 2021, and certain of its Current Reports on Form 8-K. You can obtain a free copy of these documents at the SEC’s website at http://www.sec.gov or by accessing Frank’s website at http://www.franksinternational.com. Other information regarding persons who may be deemed participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement/prospectus and other relevant materials to be filed with the SEC when they become available. 1Important Information No Offer or Solicitation This communication relates to a proposed merger and related transactions (the “Transactions”) between Frank’s International N.V. (“Frank’s”) and Expro Group Holdings International Limited (“Expro”). This communication is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, in any jurisdiction, pursuant to the Transactions or otherwise, nor shall there be any sale, issuance, exchange or transfer of the securities referred to in this document in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Important Additional Information In connection with the Transactions, Frank’s intends to file relevant materials with the U.S. Securities and Exchange Commission (the “SEC”), including a registration statement on Form S-4 (the “Registration Statement”), which will include a proxy statement/prospectus of Frank’s. After the Registration Statement has been declared effective by the SEC, a definitive proxy statement/prospectus will be mailed to the shareholders of the Frank’s and Expro. SHAREHOLDERS OF FRANK’S AND EXPRO ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) AND OTHER DOCUMENTS RELATING TO THE TRANSACTIONS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTIONS. Such shareholders will be able to obtain free copies of the proxy statement/prospectus and other documents containing important information about Frank’s and Expro once such documents are filed with the SEC through the website maintained by the SEC at http://www.sec.gov. Additional information is available on the Frank’s website, www.franksinternational.com. Participants in the Solicitation Frank’s and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Frank’s in connection with the Transactions. Expro and its officers and directors may also be deemed participants in such solicitation. Information regarding Frank’s directors and executive officers is contained in the proxy statement for Frank’s 2020 Annual Meeting of Shareholders, which was filed with the SEC on April 28, 2020, Frank’s Annual Report on Form 10-K for the year ended December 31, 2020, which was filed with the SEC on March 1, 2021, and certain of its Current Reports on Form 8-K. You can obtain a free copy of these documents at the SEC’s website at http://www.sec.gov or by accessing Frank’s website at http://www.franksinternational.com. Other information regarding persons who may be deemed participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement/prospectus and other relevant materials to be filed with the SEC when they become available. 1

Forward-Looking Statements The foregoing 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 fact, included in this communication that address activities, events or developments that Expro or Frank’s expects, believes or anticipates will or may occur in the future are forward-looking statements. Words such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “potential,” “create,” “intend,” “could,” “may,” “foresee,” “plan,” “will,” “guidance,” “look,” “outlook,” “goal,” “future,” “assume,” “forecast,” “build,” “focus,” “work,” “continue” or the negative of such terms or other variations thereof and words and terms of similar substance that convey the uncertainty of future events or outcomes identify the forward-looking statements, although not all forward-looking statements contain such identifying words. Without limiting the generality of the foregoing, forward-looking statements contained in this communication specifically include, but are not limited to, statements, estimates and projections regarding the Transactions, pro forma descriptions of the combined company, anticipated or expected revenues, EBITDA, synergies or cost-savings, operations, integration and transition plans, opportunities and anticipated future performance. These statements are based on certain assumptions made by Frank’s and Expro based on management’s experience, expectations and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. Forward-looking statements are not guarantees of performance. Although Frank’s and Expro believe the expectations reflected in these forward-looking statements are reasonable and are based on reasonable assumptions, no assurance can be given that these assumptions are accurate or that any of these expectations will be achieved (in full or at all) or will prove to have been correct. Moreover, such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Frank’s, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Such risks and uncertainties include the risk of the failure to obtain the required votes of Frank’s and Expro’s shareholders; the timing to consummate the Transactions; the risk that the conditions to closing of the Transactions may not be satisfied or that the closing of the Transactions otherwise does not occur; the failure to close the Transactions on the anticipated terms, including the anticipated tax treatment; the risk that a regulatory approval, consent or authorization that may be required for the Transactions is not obtained in a timely manner or at all, or is obtained subject to conditions that are not anticipated; the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement relating to the Transactions; unanticipated difficulties or expenditures relating to the Transactions; the diversion of management time on Transactions-related matters; the ultimate timing, outcome and results of integrating the operations of Frank’s and Expro; the effects of the business combination of Frank’s and Expro following the consummation of the Transactions, including the combined company’s future financial condition, results of operations, strategy and plans; the risk that any announcements relating to the Transactions could have adverse effects on the market price of Frank’s common stock; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the Transactions; expected synergies and other benefits from the Transactions; the potential for litigation related to the Transactions; results of litigation, settlements and investigations; actions by third parties, including governmental agencies; volatility in customer spending and in oil and natural gas prices, which could adversely affect demand for Frank’s and Expro’s services and their associated effect on rates, utilization, margins and planned capital expenditures; unique risks associated with offshore operations; global economic conditions; liabilities from operations; decline in, and ability to realize, backlog; equipment specialization and new technologies; adverse industry conditions; adverse credit and equity market conditions; difficulty in building and deploying new equipment; difficulty in integrating acquisitions; shortages, delays in delivery and interruptions of supply of equipment, supplies and materials; weather; loss of, or reduction in business with, key customers; legal proceedings; ability to effectively identify and enter new markets; governmental regulation, including legislative and regulatory initiatives addressing global climate change or other environmental concerns; investment in and development of competing or alternative energy sources; ability to retain and hire key personnel, including management and field personnel; the length of time it will take for the United States and the rest of the world to slow the spread of the COVID-19 virus to the point where applicable authorities ease current restrictions on various commercial and economic activities; and other important factors that could cause actual results to differ materially from those projected. All such factors are difficult to predict and are beyond Expro’s or Frank’s control, including those detailed in Frank’s annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K that are available on Frank’s website at http://www.franksinternational.com and on the SEC’s website at http://www.sec.gov. Any forward-looking statement speaks only as of the date on which such statement is made, and Expro and Frank’s undertake no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements. 2Forward-Looking Statements The foregoing 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 fact, included in this communication that address activities, events or developments that Expro or Frank’s expects, believes or anticipates will or may occur in the future are forward-looking statements. Words such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “potential,” “create,” “intend,” “could,” “may,” “foresee,” “plan,” “will,” “guidance,” “look,” “outlook,” “goal,” “future,” “assume,” “forecast,” “build,” “focus,” “work,” “continue” or the negative of such terms or other variations thereof and words and terms of similar substance that convey the uncertainty of future events or outcomes identify the forward-looking statements, although not all forward-looking statements contain such identifying words. Without limiting the generality of the foregoing, forward-looking statements contained in this communication specifically include, but are not limited to, statements, estimates and projections regarding the Transactions, pro forma descriptions of the combined company, anticipated or expected revenues, EBITDA, synergies or cost-savings, operations, integration and transition plans, opportunities and anticipated future performance. These statements are based on certain assumptions made by Frank’s and Expro based on management’s experience, expectations and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. Forward-looking statements are not guarantees of performance. Although Frank’s and Expro believe the expectations reflected in these forward-looking statements are reasonable and are based on reasonable assumptions, no assurance can be given that these assumptions are accurate or that any of these expectations will be achieved (in full or at all) or will prove to have been correct. Moreover, such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Frank’s, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Such risks and uncertainties include the risk of the failure to obtain the required votes of Frank’s and Expro’s shareholders; the timing to consummate the Transactions; the risk that the conditions to closing of the Transactions may not be satisfied or that the closing of the Transactions otherwise does not occur; the failure to close the Transactions on the anticipated terms, including the anticipated tax treatment; the risk that a regulatory approval, consent or authorization that may be required for the Transactions is not obtained in a timely manner or at all, or is obtained subject to conditions that are not anticipated; the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement relating to the Transactions; unanticipated difficulties or expenditures relating to the Transactions; the diversion of management time on Transactions-related matters; the ultimate timing, outcome and results of integrating the operations of Frank’s and Expro; the effects of the business combination of Frank’s and Expro following the consummation of the Transactions, including the combined company’s future financial condition, results of operations, strategy and plans; the risk that any announcements relating to the Transactions could have adverse effects on the market price of Frank’s common stock; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the Transactions; expected synergies and other benefits from the Transactions; the potential for litigation related to the Transactions; results of litigation, settlements and investigations; actions by third parties, including governmental agencies; volatility in customer spending and in oil and natural gas prices, which could adversely affect demand for Frank’s and Expro’s services and their associated effect on rates, utilization, margins and planned capital expenditures; unique risks associated with offshore operations; global economic conditions; liabilities from operations; decline in, and ability to realize, backlog; equipment specialization and new technologies; adverse industry conditions; adverse credit and equity market conditions; difficulty in building and deploying new equipment; difficulty in integrating acquisitions; shortages, delays in delivery and interruptions of supply of equipment, supplies and materials; weather; loss of, or reduction in business with, key customers; legal proceedings; ability to effectively identify and enter new markets; governmental regulation, including legislative and regulatory initiatives addressing global climate change or other environmental concerns; investment in and development of competing or alternative energy sources; ability to retain and hire key personnel, including management and field personnel; the length of time it will take for the United States and the rest of the world to slow the spread of the COVID-19 virus to the point where applicable authorities ease current restrictions on various commercial and economic activities; and other important factors that could cause actual results to differ materially from those projected. All such factors are difficult to predict and are beyond Expro’s or Frank’s control, including those detailed in Frank’s annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K that are available on Frank’s website at http://www.franksinternational.com and on the SEC’s website at http://www.sec.gov. Any forward-looking statement speaks only as of the date on which such statement is made, and Expro and Frank’s undertake no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements. 2

Today’s Presenters Mike Kearney Mike Jardon Quinn Fanning Chairman, President Chief Executive Officer Chief Financial Officer and Chief Executive Officer Expro Expro Frank's International 3Today’s Presenters Mike Kearney Mike Jardon Quinn Fanning Chairman, President Chief Executive Officer Chief Financial Officer and Chief Executive Officer Expro Expro Frank's International 3

AGENDA Transaction Overview 1 Expro Today 2 Frank’s Today 3 The Powerful Potential of a Full-Cycle 4 Leader 4 5AGENDA Transaction Overview 1 Expro Today 2 Frank’s Today 3 The Powerful Potential of a Full-Cycle 4 Leader 4 5

A Compelling Opportunity for All Shareholders Illustrative Market Capitalization of Sector Companies ($ billion) • Transformative combination of iconic brands adds scale, $42 $25 $21 $6 breadth and stability 5.0 4.5 • Stock for stock combination allows for upside participation, as 4.0 well as resiliency through a more diversified earnings base 3.5 3.0 • Enhanced technical capabilities to enable participation in the 2.5 energy transition and contribute to a lower carbon future 2.0 1.5 • Net cash position and access to additional available liquidity will provide high degree of strategic flexibility 1.0 0.5 • Synergy opportunity includes $70 million of annual cost 0.0 savings within 3 years • Proposed Management and Board of the combined company have significant oilfield experience and proven track records Source: FactSet as of 3/9/2021 5 Note: Implied pro forma market capitalization calculated based on FI market capitalization of $1.1B as of 3/9/2021, divided by pro forma ownership of 34.5% SLB BKR HAL NOV CHX FTI Pro Forma LBRT WHD CLB NESR OII DRQ FI NEX HLX VTOL HTG-GB OISA Compelling Opportunity for All Shareholders Illustrative Market Capitalization of Sector Companies ($ billion) • Transformative combination of iconic brands adds scale, $42 $25 $21 $6 breadth and stability 5.0 4.5 • Stock for stock combination allows for upside participation, as 4.0 well as resiliency through a more diversified earnings base 3.5 3.0 • Enhanced technical capabilities to enable participation in the 2.5 energy transition and contribute to a lower carbon future 2.0 1.5 • Net cash position and access to additional available liquidity will provide high degree of strategic flexibility 1.0 0.5 • Synergy opportunity includes $70 million of annual cost 0.0 savings within 3 years • Proposed Management and Board of the combined company have significant oilfield experience and proven track records Source: FactSet as of 3/9/2021 5 Note: Implied pro forma market capitalization calculated based on FI market capitalization of $1.1B as of 3/9/2021, divided by pro forma ownership of 34.5% SLB BKR HAL NOV CHX FTI Pro Forma LBRT WHD CLB NESR OII DRQ FI NEX HLX VTOL HTG-GB OIS

Overview of the Transaction 1,2 • Transaction structured as a stock for stock strategic combination Pro Forma • Expro shareholders will own approximately 65% at closing Ownership & • Frank's shareholders will own approximately 35% at closing Considerations • Transaction unanimously approved by directors present from both boards • Expro CEO Mike Jardon will be CEO of combined company • Frank’s CEO Mike Kearney will be Chairman of combined company Governance • Expro to appoint 6 of 9 directors, including Mike Jardon • Frank's to appoint 3 of 9 directors directors, including Mike Kearney • Combined company to be named Expro; Frank's brand to be retained for well construction services Social • Maintaining a significant presence in Houston, Lafayette, Aberdeen and other key locations around the world • Frank's shareholder approval required; the Mosing Family representatives on the Frank’s Board of Directors unanimously support the transaction • Expro shareholder approval required; shareholders representing approximately two-thirds of Expro’s ownership have agreed to vote for the Path to transaction Closing • Transaction expected to close in Q3 2021 following regulatory, shareholder and other customary approvals • Combined company expected to trade on NYSE under new symbol XPRO (1) Fixed exchange ratio of 7.272 based on 60.8 million Expro shares and full share equivalents outstanding. Exchange ratio adjustment mechanism at closing provides for any potential in-the-money value of Expro’s 5.8 million outstanding A and B warrants (exercise price of ~$30.40 per Expro share) 6 (2) +$50 million potential Tax Receivable Agreement liability triggered by change in control to be settled for $15 million cash payment at close, with additional payments in specified circumstancesOverview of the Transaction 1,2 • Transaction structured as a stock for stock strategic combination Pro Forma • Expro shareholders will own approximately 65% at closing Ownership & • Frank's shareholders will own approximately 35% at closing Considerations • Transaction unanimously approved by directors present from both boards • Expro CEO Mike Jardon will be CEO of combined company • Frank’s CEO Mike Kearney will be Chairman of combined company Governance • Expro to appoint 6 of 9 directors, including Mike Jardon • Frank's to appoint 3 of 9 directors directors, including Mike Kearney • Combined company to be named Expro; Frank's brand to be retained for well construction services Social • Maintaining a significant presence in Houston, Lafayette, Aberdeen and other key locations around the world • Frank's shareholder approval required; the Mosing Family representatives on the Frank’s Board of Directors unanimously support the transaction • Expro shareholder approval required; shareholders representing approximately two-thirds of Expro’s ownership have agreed to vote for the Path to transaction Closing • Transaction expected to close in Q3 2021 following regulatory, shareholder and other customary approvals • Combined company expected to trade on NYSE under new symbol XPRO (1) Fixed exchange ratio of 7.272 based on 60.8 million Expro shares and full share equivalents outstanding. Exchange ratio adjustment mechanism at closing provides for any potential in-the-money value of Expro’s 5.8 million outstanding A and B warrants (exercise price of ~$30.40 per Expro share) 6 (2) +$50 million potential Tax Receivable Agreement liability triggered by change in control to be settled for $15 million cash payment at close, with additional payments in specified circumstances

Investment Rationale Transformative Combination of Iconic Brands Adds Scale, Breadth, Stability and Upside Pro Forma Diversified Future Facing Significant Cost Significant Net Company Has Offering Across Technologies and Revenue Cash Balance; Meaningful Scale, Well Lifecycle and Better Position Synergies to be Combined with Pro Forma Geo-Markets, Company for Realized Over Company Equity Providing Full Energy Transition Three Years Generates Cash Capitalization of Cycle Revenue with Significant ~$3B Stability & Growth FCF Upside Potential 7Investment Rationale Transformative Combination of Iconic Brands Adds Scale, Breadth, Stability and Upside Pro Forma Diversified Future Facing Significant Cost Significant Net Company Has Offering Across Technologies and Revenue Cash Balance; Meaningful Scale, Well Lifecycle and Better Position Synergies to be Combined with Pro Forma Geo-Markets, Company for Realized Over Company Equity Providing Full Energy Transition Three Years Generates Cash Capitalization of Cycle Revenue with Significant ~$3B Stability & Growth FCF Upside Potential 7

Expro Today 8Expro Today 8

Expro is the Leading, Independent Provider of Well Flow Optimization Solutions Nearly 50 years of market leadership Blue-chip customer base with strong Future facing technologies in well flow optimization revenue visibility • Digitization facilitates better, faster decisions • Founded in 1973 • ~$1bn in YE 2020 backlog • Technology enables operational excellence, reduced service delivery costs, and • Strong brand built on best-in-class safety and • Long standing relationships with major IOCs enhanced sustainability and safety service quality, agility and responsiveness and NOCs Broad portfolio of offerings drives Global operating footprint Focus on sustainability stable, diverse revenue mix • ~4,000 people in >50 countries • Advancing and developing technologies to maximize recovery, increase automation • ~50% revenue driven by • ~90% of revenue is outside of the United and reduce operating footprint customer opex (production optimization) States • Portfolio shift allows company to participate • Balanced mix of onshore and offshore in energy transition 9Expro is the Leading, Independent Provider of Well Flow Optimization Solutions Nearly 50 years of market leadership Blue-chip customer base with strong Future facing technologies in well flow optimization revenue visibility • Digitization facilitates better, faster decisions • Founded in 1973 • ~$1bn in YE 2020 backlog • Technology enables operational excellence, reduced service delivery costs, and • Strong brand built on best-in-class safety and • Long standing relationships with major IOCs enhanced sustainability and safety service quality, agility and responsiveness and NOCs Broad portfolio of offerings drives Global operating footprint Focus on sustainability stable, diverse revenue mix • ~4,000 people in >50 countries • Advancing and developing technologies to maximize recovery, increase automation • ~50% revenue driven by • ~90% of revenue is outside of the United and reduce operating footprint customer opex (production optimization) States • Portfolio shift allows company to participate • Balanced mix of onshore and offshore in energy transition 9

Balanced Portfolio with Capabilities Across the Well Lifecycle Well Flow Subsea Well Well Intervention Production Management Access & Integrity Solutions Proficiently gathering Ensuring safe well Innovative well Fast-track, cost- valuable well and access and optimized intervention effective, early field reservoir data, with production applications to capture production, the utmost regard for well data, ensure optimization and well-site safety and wellbore integrity and enhancement systems environmental impact maintain production Well Test Pipeline and Subsea Test Tree System Integrator Mechanical Wireline Cased Hole Early production Facility Upgrades Flarestack Assembly Applications Drill Stem Testing Wireless Wells Offshore Production Operations and (DST) Riserless Well Permanent Units Maintenance CoilHose Intervention System Downhole Monitoring Tubing Conveyed Production Water treatment (RWIS) Galea™ (PDM) Perforating (TCP) enhancement Autonomous Meters Octopoda™ Systems Intervention Intervention Riser Intelligent Fluids System (IRS) Intervention Stage of field (Years) (6) (4) (2) 2 4 6 8 10 12 16 18+ Exploration & appraisal Development Production Abandonment Well Flow Management Subsea Well Access Well Intervention and Integrity Production Solutions 10Balanced Portfolio with Capabilities Across the Well Lifecycle Well Flow Subsea Well Well Intervention Production Management Access & Integrity Solutions Proficiently gathering Ensuring safe well Innovative well Fast-track, cost- valuable well and access and optimized intervention effective, early field reservoir data, with production applications to capture production, the utmost regard for well data, ensure optimization and well-site safety and wellbore integrity and enhancement systems environmental impact maintain production Well Test Pipeline and Subsea Test Tree System Integrator Mechanical Wireline Cased Hole Early production Facility Upgrades Flarestack Assembly Applications Drill Stem Testing Wireless Wells Offshore Production Operations and (DST) Riserless Well Permanent Units Maintenance CoilHose Intervention System Downhole Monitoring Tubing Conveyed Production Water treatment (RWIS) Galea™ (PDM) Perforating (TCP) enhancement Autonomous Meters Octopoda™ Systems Intervention Intervention Riser Intelligent Fluids System (IRS) Intervention Stage of field (Years) (6) (4) (2) 2 4 6 8 10 12 16 18+ Exploration & appraisal Development Production Abandonment Well Flow Management Subsea Well Access Well Intervention and Integrity Production Solutions 10

Technology as a Core Competency Returns-Focused Investment in Growth Market Opportunity Each 5% of market penetration adds nearly 15% to top line with attractive margins TM CoilHose Technology Octopoda Light Well Annulus Intervention Intervention ~$2 Billion Annual Addressable 1 Market Nitrogen lift and wellbore Annulus intervention and well Lightweight wire-through-water Solution cleaning solutions, similar to integrity and solutions subsea well intervention solution Coiled Tubing Goal: 5 - 10% share Smaller, faster, and more Unique solution to remediate well Cost effective commissioning, Value- efficient; thereby minimizing the integrity issues, extend well intervention and abandonment Added loss of hydrocarbon production production life and eliminate need package for all types of subsea and reducing overall intervention for workovers wells costs $100m - $200m annual revenue opportunity representing 5% - 10% market share TM (1) Initial investment of $125m in CoilHose Technology, Octopoda Annulus Intervention, and Light Well Intervention already incurred. 11Technology as a Core Competency Returns-Focused Investment in Growth Market Opportunity Each 5% of market penetration adds nearly 15% to top line with attractive margins TM CoilHose Technology Octopoda Light Well Annulus Intervention Intervention ~$2 Billion Annual Addressable 1 Market Nitrogen lift and wellbore Annulus intervention and well Lightweight wire-through-water Solution cleaning solutions, similar to integrity and solutions subsea well intervention solution Coiled Tubing Goal: 5 - 10% share Smaller, faster, and more Unique solution to remediate well Cost effective commissioning, Value- efficient; thereby minimizing the integrity issues, extend well intervention and abandonment Added loss of hydrocarbon production production life and eliminate need package for all types of subsea and reducing overall intervention for workovers wells costs $100m - $200m annual revenue opportunity representing 5% - 10% market share TM (1) Initial investment of $125m in CoilHose Technology, Octopoda Annulus Intervention, and Light Well Intervention already incurred. 11

Strong Financial Profile and Performance No Debt | Defensible Positions | Resilient Through-Cycle Margins | Positioned for Market Recovery Revenue ($m) $2,000 ~33% of revenue tied to production $1,750 optimization / opex $1,500 $1,380 $1,250 ~50% of revenue tied to production $1,003 optimization / opex $1,000 $810 $739 $725 $675 $750 $630 $500 $250 ~33% ~39% ~41% ~42% ~47% ~48% ~50% $0 2014 2015 2016 2017 2018 2019 2020 Production and Intervention / Opex-related Revenue¹ Drilling and Completions / Capex-related Revenue¹ Adj. EBITDA 25% 22% 20% 12% 14% 14% 15% Margin Source: FactSet 12 (1) Historical pro forma revenue splits between Production Optimization / Opex and Drilling & Completions / Capex activity are based on Expro estimates. For year-end 2020, Expro’s approximate business mix between Production Optimization (Opex) and Drilling and Completions (Capex) was approximately 50%/50%Strong Financial Profile and Performance No Debt | Defensible Positions | Resilient Through-Cycle Margins | Positioned for Market Recovery Revenue ($m) $2,000 ~33% of revenue tied to production $1,750 optimization / opex $1,500 $1,380 $1,250 ~50% of revenue tied to production $1,003 optimization / opex $1,000 $810 $739 $725 $675 $750 $630 $500 $250 ~33% ~39% ~41% ~42% ~47% ~48% ~50% $0 2014 2015 2016 2017 2018 2019 2020 Production and Intervention / Opex-related Revenue¹ Drilling and Completions / Capex-related Revenue¹ Adj. EBITDA 25% 22% 20% 12% 14% 14% 15% Margin Source: FactSet 12 (1) Historical pro forma revenue splits between Production Optimization / Opex and Drilling & Completions / Capex activity are based on Expro estimates. For year-end 2020, Expro’s approximate business mix between Production Optimization (Opex) and Drilling and Completions (Capex) was approximately 50%/50%

Frank’s Today 13Frank’s Today 13

Frank’s is Well Positioned for a Market Recovery Operations in ~40 Countries spanning all major markets Delivered positive free cash flow in extremely challenging 2020 Debt-free balance sheet with significant cash available Substantial operating leverage Attractive market exposure of ~80% Offshore, ~20% Onshore 1 ~2,400 Employees Globally (1) As of 3/3/2021 14Frank’s is Well Positioned for a Market Recovery Operations in ~40 Countries spanning all major markets Delivered positive free cash flow in extremely challenging 2020 Debt-free balance sheet with significant cash available Substantial operating leverage Attractive market exposure of ~80% Offshore, ~20% Onshore 1 ~2,400 Employees Globally (1) As of 3/3/2021 14

Frank’s is a Premier Well Construction Service Company Comprehensive range of differentiated and highly engineered tubular running services, drilling technologies, tubular fabrication, and specialty well construction and intervention solutions with a focus on complex and technically demanding wells. Drilling & Tubulars Casing Completions Cementing Technologies that optimize, enable and de- Safely and efficiently encase the wellbore Unique technologies that bring complex Specialty tools that improve efficiency and risk the drilling process while enhancing long-term integrity wells into production safely & efficiently safety during cementing Downhole Service Tools Casing Running Services Completion Tubular Running & Handling Cement Heads & Line Makeup Drilling Technologies Torque Monitoring and Connection Integrity Completion Control Line Handling Downhole Cementing Tools Tubular Connectors Conductor Installation Flow-back Tools Retrievable Zonal Isolation Tools Tubular Fabrication Landing String & Drill Pipe Handling Rigless Intervention Services Drillable Service Tools and Interventions Casing Accessories Source: Company information 15Frank’s is a Premier Well Construction Service Company Comprehensive range of differentiated and highly engineered tubular running services, drilling technologies, tubular fabrication, and specialty well construction and intervention solutions with a focus on complex and technically demanding wells. Drilling & Tubulars Casing Completions Cementing Technologies that optimize, enable and de- Safely and efficiently encase the wellbore Unique technologies that bring complex Specialty tools that improve efficiency and risk the drilling process while enhancing long-term integrity wells into production safely & efficiently safety during cementing Downhole Service Tools Casing Running Services Completion Tubular Running & Handling Cement Heads & Line Makeup Drilling Technologies Torque Monitoring and Connection Integrity Completion Control Line Handling Downhole Cementing Tools Tubular Connectors Conductor Installation Flow-back Tools Retrievable Zonal Isolation Tools Tubular Fabrication Landing String & Drill Pipe Handling Rigless Intervention Services Drillable Service Tools and Interventions Casing Accessories Source: Company information 15

Technology as a Core Competency Strong technology development capabilities with an attractive pipeline of emerging technologies focused on digital remote operations, automation and well integrity Latest equipment suite features cutting-edge efficiency, facilitating remote operation, providing unmatched well integrity, and minimizing human intervention Select featured technologies CENTRI-FI™ iCAM® iTONG™ Zero Marking Premium Suite of Wireless Technologies Drilling Tools SKYHOOK® Consolidation of controls Artificial Intelligence Autonomous make-up of Industry-exclusive cement Industry-exclusive “zero” Advanced performance for tubular running powered connection tubular connections using line make-up device marking equipment for drilling technologies equipment into a single analysis and automated machine learning to increasing safety and tubulars, ensuring optimal enhance wellbore integrity, remotely operated digital tong control ensuring consistently deliver optimal efficiency through remote corrosion-resistant reduce drilling time and tablet, optimizing efficiency optimal connection integrity, make-up parameters operations while reducing completion string integrity costs, and reach reserves and safety while reduced labor costs, and environmental risk that were previously dramatically reducing elimination of human error inaccessible personnel Multi-disciplinary team of 435 Patents & 150+ engineers & associates 100+ Patents Pending 16Technology as a Core Competency Strong technology development capabilities with an attractive pipeline of emerging technologies focused on digital remote operations, automation and well integrity Latest equipment suite features cutting-edge efficiency, facilitating remote operation, providing unmatched well integrity, and minimizing human intervention Select featured technologies CENTRI-FI™ iCAM® iTONG™ Zero Marking Premium Suite of Wireless Technologies Drilling Tools SKYHOOK® Consolidation of controls Artificial Intelligence Autonomous make-up of Industry-exclusive cement Industry-exclusive “zero” Advanced performance for tubular running powered connection tubular connections using line make-up device marking equipment for drilling technologies equipment into a single analysis and automated machine learning to increasing safety and tubulars, ensuring optimal enhance wellbore integrity, remotely operated digital tong control ensuring consistently deliver optimal efficiency through remote corrosion-resistant reduce drilling time and tablet, optimizing efficiency optimal connection integrity, make-up parameters operations while reducing completion string integrity costs, and reach reserves and safety while reduced labor costs, and environmental risk that were previously dramatically reducing elimination of human error inaccessible personnel Multi-disciplinary team of 435 Patents & 150+ engineers & associates 100+ Patents Pending 16

THE POWERFUL POTENTIAL OF A FULL-CYCLE LEADER 17THE POWERFUL POTENTIAL OF A FULL-CYCLE LEADER 17

Combination Provides Multiple Avenues for Value Creation Well Lifecycle Exposure - Service mix provides through-cycle revenue Combined opportunity, with significant upside to cyclical recovery company expected to generate cash Growth Opportunity - Globally recognized iconic brands with complementary out of the gate, with capabilities, operating footprints and customer relationships an opportunity to drive annual FCF of Technology - Strategy to be focused on innovative technological solutions 1 +$150m by 2023E to aid sustainability goals Synergies - Cost structure overlap is significant; synergies opportunity exceeds $70m of annual cost savings within 3 years Financial Profile - Strong balance sheet with attractive forward looking cash flow profile (1) Excluding exceptional items 18Combination Provides Multiple Avenues for Value Creation Well Lifecycle Exposure - Service mix provides through-cycle revenue Combined opportunity, with significant upside to cyclical recovery company expected to generate cash Growth Opportunity - Globally recognized iconic brands with complementary out of the gate, with capabilities, operating footprints and customer relationships an opportunity to drive annual FCF of Technology - Strategy to be focused on innovative technological solutions 1 +$150m by 2023E to aid sustainability goals Synergies - Cost structure overlap is significant; synergies opportunity exceeds $70m of annual cost savings within 3 years Financial Profile - Strong balance sheet with attractive forward looking cash flow profile (1) Excluding exceptional items 18

Further Extension of Well-Cycle Exposure Leading Positions in Large, Addressable Markets Across Well-Life and Customer Spend Product Mix Enhanced early 1 1 Frank's Pro Forma visibility into the Well Flow needs of customers Management and a broader scope Subsea Wells Access Tubular Running Services of offerings across Well Intervention & Tubular Drilling Intergrity the entire well Technology Well Construction lifecycle Cementing Production solutions FID / PROCUREMENT / E&A CONSTRUCTION COMPLETION PRODUCTION DE-COMMISSION CASING / Frank's Offering Expro Offering SPECIALTY ENHANCED SPECIALTY TUBULAR TUBULAR CEMENTING / WELLBORE WELL RUNNING DRILLING SALES COMPLETION TOOLS INTEGRITY ABANDONMENT TOOLS SERVICES WELL TEST / SUBSEA WELL PRODUCTION RESERVOIR WELL ACCESS / FLUIDS / DST INTEGRITY WELL ACCESS INTERVENTION OPTIMIZATION MONITORING (1) Frank's existing product lines of Tubular Running Services, Tubular Drilling Technology, and Cementing to become the pro forma Well Construction product line 19Further Extension of Well-Cycle Exposure Leading Positions in Large, Addressable Markets Across Well-Life and Customer Spend Product Mix Enhanced early 1 1 Frank's Pro Forma visibility into the Well Flow needs of customers Management and a broader scope Subsea Wells Access Tubular Running Services of offerings across Well Intervention & Tubular Drilling Intergrity the entire well Technology Well Construction lifecycle Cementing Production solutions FID / PROCUREMENT / E&A CONSTRUCTION COMPLETION PRODUCTION DE-COMMISSION CASING / Frank's Offering Expro Offering SPECIALTY ENHANCED SPECIALTY TUBULAR TUBULAR CEMENTING / WELLBORE WELL RUNNING DRILLING SALES COMPLETION TOOLS INTEGRITY ABANDONMENT TOOLS SERVICES WELL TEST / SUBSEA WELL PRODUCTION RESERVOIR WELL ACCESS / FLUIDS / DST INTEGRITY WELL ACCESS INTERVENTION OPTIMIZATION MONITORING (1) Frank's existing product lines of Tubular Running Services, Tubular Drilling Technology, and Cementing to become the pro forma Well Construction product line 19

Complementary Global Footprint to Expand Customer Relationships Geographic Mix (2020 Revenue) With operations in +50 Pro Forma Expro Frank's countries, the combined 2020 Revenue: $1,065m 2020 Revenue: $675m 2020 Revenue: $390m company is better positioned to support 16% customers and manage 10% 7% 29% 22% costs 7% 8% 5% Frank’s can leverage 21% 15% 23% Expro’s strong 63% 6% international presence 29% 3% 10% 8% Expro will benefit from 20% Frank’s strong position in the Americas NAM LATAM Europe SSA MENA Asia Note: Certain figures may not add due to the use of rounded numbers 20Complementary Global Footprint to Expand Customer Relationships Geographic Mix (2020 Revenue) With operations in +50 Pro Forma Expro Frank's countries, the combined 2020 Revenue: $1,065m 2020 Revenue: $675m 2020 Revenue: $390m company is better positioned to support 16% customers and manage 10% 7% 29% 22% costs 7% 8% 5% Frank’s can leverage 21% 15% 23% Expro’s strong 63% 6% international presence 29% 3% 10% 8% Expro will benefit from 20% Frank’s strong position in the Americas NAM LATAM Europe SSA MENA Asia Note: Certain figures may not add due to the use of rounded numbers 20

Significant Growth Potential Across Geographies & Customers Create a Range of Opportunities And Blue-Chip Customers Complementary Footprint and Capabilities Scale and Scope Increases Relevance Cross-selling tubular to Customers running services in unpenetrated geographies Enhanced Ability to Respond Quickly to Market Shifts Expanding intervention and production service Integrated Solutions Offering offerings Technology-Driven Operational Efficiencies Bundling services and growing opportunities to provide integrated Pull-Through Revenue Opportunities customer solutions 21Significant Growth Potential Across Geographies & Customers Create a Range of Opportunities And Blue-Chip Customers Complementary Footprint and Capabilities Scale and Scope Increases Relevance Cross-selling tubular to Customers running services in unpenetrated geographies Enhanced Ability to Respond Quickly to Market Shifts Expanding intervention and production service Integrated Solutions Offering offerings Technology-Driven Operational Efficiencies Bundling services and growing opportunities to provide integrated Pull-Through Revenue Opportunities customer solutions 21

Differentiating Combined Technology Portfolio Expro Subsea Test Tree Cut and Frank’s iCAM® Utilizing latest Seal Technology AI connection analyzed make-up technology to provide ensuring optimal connection Latest subsea well intervention safety customers with more integrity and reduced manpower system solution which optimizes rig reliable results costs selection, ensures well integrity, and reduces cost Expro Intelligent 4 Phase Expro Galea™ Separator Autonomous well intervention A compact system delivering reduced solution / reduced manpower / well clean up time and ultimately rig future artificial intelligence time Well Integrity platform / NUI compatible Providing customers Leveraging machine with intelligently learning to provide more designed products to well operations improve operational autonomy efficiency Efficiency Digitalization Frank’s iTONG™ Autonomous make-up of tubular Frank’s Leading Edge connections using machine Down Hole Service Tools learning to consistently deliver A package of advanced tools optimal make-up parameters designed to enhance well integrity & efficiency 22Differentiating Combined Technology Portfolio Expro Subsea Test Tree Cut and Frank’s iCAM® Utilizing latest Seal Technology AI connection analyzed make-up technology to provide ensuring optimal connection Latest subsea well intervention safety customers with more integrity and reduced manpower system solution which optimizes rig reliable results costs selection, ensures well integrity, and reduces cost Expro Intelligent 4 Phase Expro Galea™ Separator Autonomous well intervention A compact system delivering reduced solution / reduced manpower / well clean up time and ultimately rig future artificial intelligence time Well Integrity platform / NUI compatible Providing customers Leveraging machine with intelligently learning to provide more designed products to well operations improve operational autonomy efficiency Efficiency Digitalization Frank’s iTONG™ Autonomous make-up of tubular Frank’s Leading Edge connections using machine Down Hole Service Tools learning to consistently deliver A package of advanced tools optimal make-up parameters designed to enhance well integrity & efficiency 22

Through-Cycle Resilience and Cyclical Recovery Upside Balanced Pro Forma Revenue Mix; Recent Cost Outs Have Achieved Scope for Margin Expansion Revenue Brent Crude ($ millions) Price Expro Frank's Production and Intervention / Opex¹ Drilling and Completions / Capex¹ Brent Price $105 $4,000 $99 $3,500 $85 $3,000 $72 $65 $2,533 $64 $2,500 >$60 $54 $55 $1,978 $45 $45 $2,000 46% $43 49% $1,390 $1,500 COVID-19 $1,261 $25 $1,212 $1,084 $1,065 42% $1,000 40% 41% 42% 37% 54% $5 51% $500 58% 59% 63% 60% 58% ($15) $0 2014 2015 2016 2017 2017 2018 2019 2020 2014 2015 2016 2018 2019 2020 Adjusted EBITDA Margin 31% 27% 14% 7% 11% 12% 10% Pro Forma Source: FactSet (1) Historical pro forma revenue splits between Production Optimization / Opex and Drilling & Completions / Capex activity are based on Expro and Frank's estimates. For 2020, Expro and Frank's approximate 23 business mix between Production Optimization (Opex) and Drilling and Completions (Capex) was ~50%/50% and [5%/95%]Through-Cycle Resilience and Cyclical Recovery Upside Balanced Pro Forma Revenue Mix; Recent Cost Outs Have Achieved Scope for Margin Expansion Revenue Brent Crude ($ millions) Price Expro Frank's Production and Intervention / Opex¹ Drilling and Completions / Capex¹ Brent Price $105 $4,000 $99 $3,500 $85 $3,000 $72 $65 $2,533 $64 $2,500 >$60 $54 $55 $1,978 $45 $45 $2,000 46% $43 49% $1,390 $1,500 COVID-19 $1,261 $25 $1,212 $1,084 $1,065 42% $1,000 40% 41% 42% 37% 54% $5 51% $500 58% 59% 63% 60% 58% ($15) $0 2014 2015 2016 2017 2017 2018 2019 2020 2014 2015 2016 2018 2019 2020 Adjusted EBITDA Margin 31% 27% 14% 7% 11% 12% 10% Pro Forma Source: FactSet (1) Historical pro forma revenue splits between Production Optimization / Opex and Drilling & Completions / Capex activity are based on Expro and Frank's estimates. For 2020, Expro and Frank's approximate 23 business mix between Production Optimization (Opex) and Drilling and Completions (Capex) was ~50%/50% and [5%/95%]

Substantial Synergies Create Near-term Value and Margin Expansion Opportunity High Confidence in Cost and Revenue Synergy Potential Overview of Run-Rate Synergies ($m) Drivers $m Combined Indirect Support and Indirect Costs $40m Costs 1 $333 Product Line and Operations $10m 2 $70m Facilities and Other $10m 3 $80 - 100 ~16% cost-outs Cost of Sales $10m 4 $70 $55 3 Revenue Synergies Fall-Through $10 - 30m 1 2 5 2021F Support and Run-rate Cost Synergies Total Synergies Indirect Costs (within 12 months) (within 24-36 months) (1) Run-rate cost synergies targeted within 12 months post closing 24 (2) Run-rate total synergies targeted within 24 – 36 months post closing (3) Assumes 30 - 35% Adj. EBITDA fall-through; revenue synergies expected primarily through complementary customer relationships and operating footprints, increased time on rig, and greater exposure to the full life of fieldSubstantial Synergies Create Near-term Value and Margin Expansion Opportunity High Confidence in Cost and Revenue Synergy Potential Overview of Run-Rate Synergies ($m) Drivers $m Combined Indirect Support and Indirect Costs $40m Costs 1 $333 Product Line and Operations $10m 2 $70m Facilities and Other $10m 3 $80 - 100 ~16% cost-outs Cost of Sales $10m 4 $70 $55 3 Revenue Synergies Fall-Through $10 - 30m 1 2 5 2021F Support and Run-rate Cost Synergies Total Synergies Indirect Costs (within 12 months) (within 24-36 months) (1) Run-rate cost synergies targeted within 12 months post closing 24 (2) Run-rate total synergies targeted within 24 – 36 months post closing (3) Assumes 30 - 35% Adj. EBITDA fall-through; revenue synergies expected primarily through complementary customer relationships and operating footprints, increased time on rig, and greater exposure to the full life of field

Meaningful Scale, Improved Profitability and Increased Free Cash Flow Significant Degree of Operational Flexibility and Strategic Optionality 1 2 Revenue ($m) Adjusted EBITDA ($m) Cash ($m) Frank's Expro Frank’s Expro Frank's Pro Forma $285 $1,065 $177 Additional Cost $15 Synergies at 36 months Cost Synergies at $55 $675 12 months $212 $98 $390 $9 Implied Adjusted EBITDA margin of 17% (1) Pro Forma YE 2020; includes $55m of run-rate cost synergies targeted within 12 months post closing and additional $15m targeted within 24-36 months post closing 25 (2) Combined YE 2020 cash position less estimated transaction costs and TRA settlement; cash includes short-term investmentsMeaningful Scale, Improved Profitability and Increased Free Cash Flow Significant Degree of Operational Flexibility and Strategic Optionality 1 2 Revenue ($m) Adjusted EBITDA ($m) Cash ($m) Frank's Expro Frank’s Expro Frank's Pro Forma $285 $1,065 $177 Additional Cost $15 Synergies at 36 months Cost Synergies at $55 $675 12 months $212 $98 $390 $9 Implied Adjusted EBITDA margin of 17% (1) Pro Forma YE 2020; includes $55m of run-rate cost synergies targeted within 12 months post closing and additional $15m targeted within 24-36 months post closing 25 (2) Combined YE 2020 cash position less estimated transaction costs and TRA settlement; cash includes short-term investments

Illustrative Recovery Scenario Scenario Assumptions Revenue ($m) • $50-60 / bbl Brent through 2023 $1,390 • Gradual stabilization in production services activity through 2021; D&C activity begins to recover in 2022 • ~$55 million of estimated run-rate cost synergies realized by mid-2022 • $15 million of estimated incremental cost synergies by 2023-2024 2019 2022 2023 • $10-30 million of estimated incremental Adj. EBITDA through revenue synergies by 2023-2024 Adj. EBITDA Margin 12% >20% (30-35% Adj. EBITDA fall-through) 1 Free cash flow — $100 – 200m • Significant revenue / margin upside with accelerated Brent pricing leading to additional activity and improved pricing (1) Free cash flow calculated as cash flow from operations less capex and excludes severance, restructuring costs and transaction-related fees; assumes 70-75% cash conversion (CFFO / Adj. EBITDA) and 26 7-8% capex as a percentage of revenueIllustrative Recovery Scenario Scenario Assumptions Revenue ($m) • $50-60 / bbl Brent through 2023 $1,390 • Gradual stabilization in production services activity through 2021; D&C activity begins to recover in 2022 • ~$55 million of estimated run-rate cost synergies realized by mid-2022 • $15 million of estimated incremental cost synergies by 2023-2024 2019 2022 2023 • $10-30 million of estimated incremental Adj. EBITDA through revenue synergies by 2023-2024 Adj. EBITDA Margin 12% >20% (30-35% Adj. EBITDA fall-through) 1 Free cash flow — $100 – 200m • Significant revenue / margin upside with accelerated Brent pricing leading to additional activity and improved pricing (1) Free cash flow calculated as cash flow from operations less capex and excludes severance, restructuring costs and transaction-related fees; assumes 70-75% cash conversion (CFFO / Adj. EBITDA) and 26 7-8% capex as a percentage of revenue

Continued Commitment to ESG Leadership Taking pride in being a responsible and transparent business that operates against a clear set of environmental, social and governance principles Our Planet – Achieve net zero CO e emissions by 2050 and a 50% reduction of carbon 2 intensity by 2030 Environmental Our Services – Adopting and advancing technologies and adapting our services to participate in the energy transition and deliver on sustainability objectives of the Company and its clients Our Communities – Engagement with local communities to reduce the impact of our operations and to positively contribute to their environment where possible Social Our People – Build on industry leading safety records; Attract, develop and retain the best talent to sustain a diverse, inclusive and performance-oriented working environment Our Structure – No dual class shares, classified board, poison pill or supermajority provisions; Commitment to regular Board refreshment and Board diversity Governance Our Commitment – Performance based executive compensation in line with peers and aligns with all stakeholder interests to create strong returns 27Continued Commitment to ESG Leadership Taking pride in being a responsible and transparent business that operates against a clear set of environmental, social and governance principles Our Planet – Achieve net zero CO e emissions by 2050 and a 50% reduction of carbon 2 intensity by 2030 Environmental Our Services – Adopting and advancing technologies and adapting our services to participate in the energy transition and deliver on sustainability objectives of the Company and its clients Our Communities – Engagement with local communities to reduce the impact of our operations and to positively contribute to their environment where possible Social Our People – Build on industry leading safety records; Attract, develop and retain the best talent to sustain a diverse, inclusive and performance-oriented working environment Our Structure – No dual class shares, classified board, poison pill or supermajority provisions; Commitment to regular Board refreshment and Board diversity Governance Our Commitment – Performance based executive compensation in line with peers and aligns with all stakeholder interests to create strong returns 27

Path to Close March 2021 Q2 2021 Q3 2021 • Announce transaction • S-4 expected to be filed • Transaction in April expected to close • Begin regulatory • Expro and Frank’s approval process shareholder votes • Satisfy other customary closing conditions 28Path to Close March 2021 Q2 2021 Q3 2021 • Announce transaction • S-4 expected to be filed • Transaction in April expected to close • Begin regulatory • Expro and Frank’s approval process shareholder votes • Satisfy other customary closing conditions 28

Compelling Investment Rationale Transformative Combination of Iconic Brands Adds Scale, Breadth, Stability and Upside Pro Forma Diversified Future Facing Significant Cost Significant Net Company Has Offering Across Technologies and Revenue Cash Balance; Meaningful Scale, Well Lifecycle and Better Position Synergies to be Combined with Pro Forma Geo-Markets, Company for Realized Over Company Equity Providing Full Energy Transition Three Years Generates Cash Capitalization of Cycle Revenue with Significant ~$3B Stability & Growth FCF Upside Potential 29Compelling Investment Rationale Transformative Combination of Iconic Brands Adds Scale, Breadth, Stability and Upside Pro Forma Diversified Future Facing Significant Cost Significant Net Company Has Offering Across Technologies and Revenue Cash Balance; Meaningful Scale, Well Lifecycle and Better Position Synergies to be Combined with Pro Forma Geo-Markets, Company for Realized Over Company Equity Providing Full Energy Transition Three Years Generates Cash Capitalization of Cycle Revenue with Significant ~$3B Stability & Growth FCF Upside Potential 29

Appendix A-0Appendix A-0

Historical Pro Forma Revenue and Adjusted EBITDA Revenue ($m) Adjusted EBITDA ($m) Expro Frank's Expro Frank's $2,533 $792 $1,978 $1,153 $535 $452 $1,390 $975 $1,261 $1,212 $1,084 $1,065 $319 $580 $522 $488 $390 $455 $1,380 $173 $171 $137 $340 $1,003 $25 $107 $58 $810 $739 $725 $80 $33 $675 $216 $630 $9 $147 $6 $113 $103 $98 $75 2014 2015 2016 2017 2018 2019 2020 2014 2015 2016 2017 2018 2019 2020 Adj. EBITDA Margin 31% 27% 14% 7% 11% 12% 10% Note: Figures do not assume amounts from synergies; Certain columns and rows may not add due to the use of rounded numbers A-1Historical Pro Forma Revenue and Adjusted EBITDA Revenue ($m) Adjusted EBITDA ($m) Expro Frank's Expro Frank's $2,533 $792 $1,978 $1,153 $535 $452 $1,390 $975 $1,261 $1,212 $1,084 $1,065 $319 $580 $522 $488 $390 $455 $1,380 $173 $171 $137 $340 $1,003 $25 $107 $58 $810 $739 $725 $80 $33 $675 $216 $630 $9 $147 $6 $113 $103 $98 $75 2014 2015 2016 2017 2018 2019 2020 2014 2015 2016 2017 2018 2019 2020 Adj. EBITDA Margin 31% 27% 14% 7% 11% 12% 10% Note: Figures do not assume amounts from synergies; Certain columns and rows may not add due to the use of rounded numbers A-1

Historical Pro Forma Adjusted CFFO and Capex Adjusted Cash Flow from Operations ($m) Capital Expenditures ($m) $637 $630 Expro Frank's Expro (Core Capex) Frank's $397 $369 $173 $428 $219 $100 $138 $109 $139 $103 $37 $224 $127 $89 $114 $261 $69 $28 $56 $40 $210 $27 $42 $68 $34 $119 $22 $150 $101 $25 $74 $87 $87 $52 $47 $47 $67 $43 ($11) ($33) 2014 2015 2016 2017 2018 2019 2020 2014 2015 2016 2017 2018 2019 2020 1 Cash conversion (%) 80% 119% 80% 84% 25% 67% 118% Note: Figures do not assume amounts from synergies; Certain columns and rows may not add due to the use of rounded numbers A-2 (1) Adjusted CFFO divided by Adjusted EBITDAHistorical Pro Forma Adjusted CFFO and Capex Adjusted Cash Flow from Operations ($m) Capital Expenditures ($m) $637 $630 Expro Frank's Expro (Core Capex) Frank's $397 $369 $173 $428 $219 $100 $138 $109 $139 $103 $37 $224 $127 $89 $114 $261 $69 $28 $56 $40 $210 $27 $42 $68 $34 $119 $22 $150 $101 $25 $74 $87 $87 $52 $47 $47 $67 $43 ($11) ($33) 2014 2015 2016 2017 2018 2019 2020 2014 2015 2016 2017 2018 2019 2020 1 Cash conversion (%) 80% 119% 80% 84% 25% 67% 118% Note: Figures do not assume amounts from synergies; Certain columns and rows may not add due to the use of rounded numbers A-2 (1) Adjusted CFFO divided by Adjusted EBITDA

Use of Non-GAAP Financial Measure This presentation includes the non-GAAP financial measures of Adjusted EBITDA, Adjusted EBITDA margin, Free cash flow and Adjusted cash flow from operations. These non-GAAP financial measures are presented because management believes these measures provide additional information relative to the performance of the companies’ businesses. These metrics are commonly employed by financial analysts and investors to evaluate the operating and financial performance of the companies from period to period and to compare it with the performance of other publicly traded companies within the industry. You should not consider Adjusted EBITDA, Adjusted EBITDA margin, free cash flow and Adjusted cash flow from operations in isolation or as a substitute for analysis of each company’s results as reported under GAAP. Because these non-GAAP financial measures may be defined differently by other companies in the industry, the presentation of these non-GAAP financial measures herein may not be comparable to similarly titled measures of other companies, thereby diminishing their utility. The financial information for Expro in this presentation is unaudited. A-3Use of Non-GAAP Financial Measure This presentation includes the non-GAAP financial measures of Adjusted EBITDA, Adjusted EBITDA margin, Free cash flow and Adjusted cash flow from operations. These non-GAAP financial measures are presented because management believes these measures provide additional information relative to the performance of the companies’ businesses. These metrics are commonly employed by financial analysts and investors to evaluate the operating and financial performance of the companies from period to period and to compare it with the performance of other publicly traded companies within the industry. You should not consider Adjusted EBITDA, Adjusted EBITDA margin, free cash flow and Adjusted cash flow from operations in isolation or as a substitute for analysis of each company’s results as reported under GAAP. Because these non-GAAP financial measures may be defined differently by other companies in the industry, the presentation of these non-GAAP financial measures herein may not be comparable to similarly titled measures of other companies, thereby diminishing their utility. The financial information for Expro in this presentation is unaudited. A-3

Non-GAAP Reconciliations - Expro ($ in millions) Twelve Months Ended December 31, 2014 2015 2016 2017 2018 2019 2020 1 Adjusted EBITDA $ 340 $ 216 $ 147 $ 75 $ 103 $ 113 $ 98 Depreciation, amortization and impairment charges (184) (193) (532) (552) (131) (172) (401) Restructuring (3) (17) (26) (14) (7) (4) (14) 3 4 Other income (expense) and exceptional items - (15) (8) (71) - 0 12 2 3 Reorganization items / Gain on restructuring and extinguishment of debt - - 291 - 564 - - Interest and finance expenses, net (292) (190) (164) (98) (9) (3) (6) Income tax (expense) benefit (34) (8) (7) (5) (9) 1 3 Net income (loss) $ (173) $ (207) $ (298) $ (665) $ 512 $ (65) $ (307) Net income (loss) (173) (207) (298) (665) 512 (65) (307) Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Impairment Charges 8 12 344 393 3 49 287 Depreciation and amortization 180 187 198 165 128 123 114 4 Gain on disposal of group of assets - - - - - - (10) Exceptional provisions on Reorganization - - - 71 - - - Equity share of income from joint ventures, net of dividends and margin eliminations (6) (1) 3 (1) (4) (3) (8) Non cash interest and finance charges 107 68 54 9 9 - - Reorganization items / Gain on restructuring and extinguishment of debt - - (291) - (564) - - Income and deferred tax movements, net (19) (29) (22) (12) (9) (15) (25) Unrealized foreign exchange (4) (2) 2 (0) 2 0 2 5 Increase/(Decrease) in net working capital (20) 60 24 (3) (19) (13) 24 Other (1) 4 (6) 0 (1) 5 (7) Net cash provided by (used in) operating activities (CFFO) $ 72 $ 90 $ 7 $ (43) $ 58 $ 81 $ 70 Cash paid during the period for Interest, net 186 102 117 72 2 1 3 Restructuring charges 3 17 26 14 7 4 14 6 Adjusted CFFO $ 261 $ 210 $ 150 $ 43 $ 67 $ 87 $ 87 Cash Conversion % (Adjusted CFFO/Adjusted EBITDA) 77% 97% 101% 58% 65% 77% 89% 1. Adjusted EBITDA (A-EBITDA) is defined as net income (loss) adjusted for income taxes, interest and finance expenses, restructuring, other income (expense) and exceptional items, depreciation, amortization and impairments, reorganization items and gain on restructuring and extinguishment of debt. A-EBITDA in a non-GAAP measure and should not be considered in isolation or as a substitute for analysis of the Company’s results as reported under GAAP. 2. Represents the gain on restructuring and extinguishment of loan facility in exchange for equity shares. 3. Represents the net gain ($564m) recognized on settlement of liabilities upon the Company Reorganization in February 2018, in exchange of equity shares and warrants, net of transaction costs. Exceptional items ($71m) primarily represent adjustments made to carrying value of assets and liabilities as part of fresh start accounting applied upon Reorganization. 4. Includes gain of $10 million on divestment of a product line. 5. Represents movements in accounts receivables, inventories, accounts payable and other assets and liabilities. 6. Adjusted CFFO is defined as cash provided by (used in) operating activities adjusted for net interest paid and restructuring charges. Note: Certain columns and rows may not add due to the use of rounded numbers A-4Non-GAAP Reconciliations - Expro ($ in millions) Twelve Months Ended December 31, 2014 2015 2016 2017 2018 2019 2020 1 Adjusted EBITDA $ 340 $ 216 $ 147 $ 75 $ 103 $ 113 $ 98 Depreciation, amortization and impairment charges (184) (193) (532) (552) (131) (172) (401) Restructuring (3) (17) (26) (14) (7) (4) (14) 3 4 Other income (expense) and exceptional items - (15) (8) (71) - 0 12 2 3 Reorganization items / Gain on restructuring and extinguishment of debt - - 291 - 564 - - Interest and finance expenses, net (292) (190) (164) (98) (9) (3) (6) Income tax (expense) benefit (34) (8) (7) (5) (9) 1 3 Net income (loss) $ (173) $ (207) $ (298) $ (665) $ 512 $ (65) $ (307) Net income (loss) (173) (207) (298) (665) 512 (65) (307) Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Impairment Charges 8 12 344 393 3 49 287 Depreciation and amortization 180 187 198 165 128 123 114 4 Gain on disposal of group of assets - - - - - - (10) Exceptional provisions on Reorganization - - - 71 - - - Equity share of income from joint ventures, net of dividends and margin eliminations (6) (1) 3 (1) (4) (3) (8) Non cash interest and finance charges 107 68 54 9 9 - - Reorganization items / Gain on restructuring and extinguishment of debt - - (291) - (564) - - Income and deferred tax movements, net (19) (29) (22) (12) (9) (15) (25) Unrealized foreign exchange (4) (2) 2 (0) 2 0 2 5 Increase/(Decrease) in net working capital (20) 60 24 (3) (19) (13) 24 Other (1) 4 (6) 0 (1) 5 (7) Net cash provided by (used in) operating activities (CFFO) $ 72 $ 90 $ 7 $ (43) $ 58 $ 81 $ 70 Cash paid during the period for Interest, net 186 102 117 72 2 1 3 Restructuring charges 3 17 26 14 7 4 14 6 Adjusted CFFO $ 261 $ 210 $ 150 $ 43 $ 67 $ 87 $ 87 Cash Conversion % (Adjusted CFFO/Adjusted EBITDA) 77% 97% 101% 58% 65% 77% 89% 1. Adjusted EBITDA (A-EBITDA) is defined as net income (loss) adjusted for income taxes, interest and finance expenses, restructuring, other income (expense) and exceptional items, depreciation, amortization and impairments, reorganization items and gain on restructuring and extinguishment of debt. A-EBITDA in a non-GAAP measure and should not be considered in isolation or as a substitute for analysis of the Company’s results as reported under GAAP. 2. Represents the gain on restructuring and extinguishment of loan facility in exchange for equity shares. 3. Represents the net gain ($564m) recognized on settlement of liabilities upon the Company Reorganization in February 2018, in exchange of equity shares and warrants, net of transaction costs. Exceptional items ($71m) primarily represent adjustments made to carrying value of assets and liabilities as part of fresh start accounting applied upon Reorganization. 4. Includes gain of $10 million on divestment of a product line. 5. Represents movements in accounts receivables, inventories, accounts payable and other assets and liabilities. 6. Adjusted CFFO is defined as cash provided by (used in) operating activities adjusted for net interest paid and restructuring charges. Note: Certain columns and rows may not add due to the use of rounded numbers A-4

Investments and Free Cash Flow- Expro ($ in millions) Twelve Months Ended December 31, Investments 2014 2015 2016 2017 2018 2019 2020 1 Research and development $ 11 $ 12 $ 6 $ 9 $ 12 $ 14 $ 10 Capital expenditures Capex - Core Operations 224 119 47 47 52 101 74 2 Capex - Qi and LWI - - - - - 3 29 3 Investment in joint venture - - - - - - 9 Acquisition of business (Qi) and divestment of a product line - - - - - 48 (16) 235 131 53 56 64 166 106 Adjusted CFFO $ 261 $ 210 $ 150 $ 43 $ 67 $ 87 $ 87 Capex - Core Operations (224) (119) (47) (47) (52) (101) (74) Free Cash Flow 37 91 103 (4) 15 (14) 13 Core Capex % of Revenue 16% 12% 6% 8% 7% 12% 11% 1. Research and development relates to spending for new product development and innovation and includes internal engineering, materials and third party service costs. R&D is expensed as incurred. 2. Represents material investments in new technologies/equipment to expand the company's service offering. Qi was acquired in July 2019 and post-acquisition investments are focused on coil hose and annulus intervention capabilities. LWI relate investments in riserless, light well intervention capabilities expected to be operational in H2 2021. 3. Represents company investment in equipment for a potential joint venture designed to increase the company's presence in a new market. Note: Certain columns and rows may not add due to the use of rounded numbers A-5Investments and Free Cash Flow- Expro ($ in millions) Twelve Months Ended December 31, Investments 2014 2015 2016 2017 2018 2019 2020 1 Research and development $ 11 $ 12 $ 6 $ 9 $ 12 $ 14 $ 10 Capital expenditures Capex - Core Operations 224 119 47 47 52 101 74 2 Capex - Qi and LWI - - - - - 3 29 3 Investment in joint venture - - - - - - 9 Acquisition of business (Qi) and divestment of a product line - - - - - 48 (16) 235 131 53 56 64 166 106 Adjusted CFFO $ 261 $ 210 $ 150 $ 43 $ 67 $ 87 $ 87 Capex - Core Operations (224) (119) (47) (47) (52) (101) (74) Free Cash Flow 37 91 103 (4) 15 (14) 13 Core Capex % of Revenue 16% 12% 6% 8% 7% 12% 11% 1. Research and development relates to spending for new product development and innovation and includes internal engineering, materials and third party service costs. R&D is expensed as incurred. 2. Represents material investments in new technologies/equipment to expand the company's service offering. Qi was acquired in July 2019 and post-acquisition investments are focused on coil hose and annulus intervention capabilities. LWI relate investments in riserless, light well intervention capabilities expected to be operational in H2 2021. 3. Represents company investment in equipment for a potential joint venture designed to increase the company's presence in a new market. Note: Certain columns and rows may not add due to the use of rounded numbers A-5

Quarterly Non-GAAP Reconciliations - Expro ($ in millions) Three Months Ended, 31-Mar-19 30-Jun-19 30-Sep-19 31-Dec-19 31-Mar-20 30-Jun-20 30-Sep-20 31-Dec-20 1 Adjusted EBITDA $ 21 $ 28 $ 28 $ 36 $ 29 $ 25 $ 23 $ 21 Depreciation, amortization and impairment charges (30) (32) (31) (78) (306) (27) (28) (41) Restructuring (1) 0 (1) (3) (1) (5) (5) (3) 2 Other income (expense) and exceptional items - 0 1 (1) (1) (0) 2 11 Interest and finance expenses, net (2) 2 2 (5) 4 (0) (5) (4) Income tax (expense) benefit (3) 3 (5) 6 10 (5) (0) (1) Net income (loss) (15) 2 (6) (45) (265) (13) (13) (16) Net income (loss) (15) 2 (6) (45) (265) (13) (13) (16) Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Impairment Charges - - - 49 276 - 0 12 Depreciation and amortization 30 32 31 29 30 27 27 29 Gain on disposal of group of assets - - - - - - - (10) Equity share of income from joint ventures, net of dividends and margin eliminations (2) (2) (2) 3 (4) (2) (1) (2) Income and deferred tax movements, net (1) (12) 5 (6) (14) (3) (5) (3) Unrealized foreign exchange 0 (0) 1 (0) (3) 1 2 2 3 Increase/(Decrease) in net working capital (3) (8) (12) 11 (6) 4 32 (6) Other 3 (2) (2) 6 (6) 0 (3) 2 Net cash provided by (used in) operating activities (CFFO) $ 12 $ 9 $ 15 $ 46 $ 9 $ 14 $ 39 $ 8 Cash paid during the period for Interest, net - 1 0 0 1 1 2 (0) Restructuring charges 1 (0) 1 3 1 5 5 3 4 Adjusted CFFO $ 13 $ 9 $ 16 $ 49 $ 11 $ 20 $ 46 $ 10 Cash Conversion % (Adjusted CFFO/Adjusted EBITDA) 62% 33% 57% 136% 37% 81% 202% 49% 1. Adjusted EBITDA (A-EBITDA) is defined as net income (loss) adjusted for income taxes, interest and finance expenses, restructuring, other income (expense) and exceptional items, depreciation, amortization and impairments. A-EBITDA in a non-GAAP measure and should not be considered in isolation or as a substitute for analysis of the Company’s results as reported under GAAP. 2. Represents unusual or infrequently occurring transactions which do not provide a useful measure of the underlying operating performance of the business. Q4 2020 includes gain of $10 million on disposal of group of assets. 3. Represents movements in accounts receivables, inventories, accounts payable and other assets and liabilities. 4. Adjusted CFFO is defined as cash provided by (used in) operating activities adjusted for net interest paid and restructuring charges. Note: Certain columns and rows may not add due to the use of rounded numbers A-6Quarterly Non-GAAP Reconciliations - Expro ($ in millions) Three Months Ended, 31-Mar-19 30-Jun-19 30-Sep-19 31-Dec-19 31-Mar-20 30-Jun-20 30-Sep-20 31-Dec-20 1 Adjusted EBITDA $ 21 $ 28 $ 28 $ 36 $ 29 $ 25 $ 23 $ 21 Depreciation, amortization and impairment charges (30) (32) (31) (78) (306) (27) (28) (41) Restructuring (1) 0 (1) (3) (1) (5) (5) (3) 2 Other income (expense) and exceptional items - 0 1 (1) (1) (0) 2 11 Interest and finance expenses, net (2) 2 2 (5) 4 (0) (5) (4) Income tax (expense) benefit (3) 3 (5) 6 10 (5) (0) (1) Net income (loss) (15) 2 (6) (45) (265) (13) (13) (16) Net income (loss) (15) 2 (6) (45) (265) (13) (13) (16) Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Impairment Charges - - - 49 276 - 0 12 Depreciation and amortization 30 32 31 29 30 27 27 29 Gain on disposal of group of assets - - - - - - - (10) Equity share of income from joint ventures, net of dividends and margin eliminations (2) (2) (2) 3 (4) (2) (1) (2) Income and deferred tax movements, net (1) (12) 5 (6) (14) (3) (5) (3) Unrealized foreign exchange 0 (0) 1 (0) (3) 1 2 2 3 Increase/(Decrease) in net working capital (3) (8) (12) 11 (6) 4 32 (6) Other 3 (2) (2) 6 (6) 0 (3) 2 Net cash provided by (used in) operating activities (CFFO) $ 12 $ 9 $ 15 $ 46 $ 9 $ 14 $ 39 $ 8 Cash paid during the period for Interest, net - 1 0 0 1 1 2 (0) Restructuring charges 1 (0) 1 3 1 5 5 3 4 Adjusted CFFO $ 13 $ 9 $ 16 $ 49 $ 11 $ 20 $ 46 $ 10 Cash Conversion % (Adjusted CFFO/Adjusted EBITDA) 62% 33% 57% 136% 37% 81% 202% 49% 1. Adjusted EBITDA (A-EBITDA) is defined as net income (loss) adjusted for income taxes, interest and finance expenses, restructuring, other income (expense) and exceptional items, depreciation, amortization and impairments. A-EBITDA in a non-GAAP measure and should not be considered in isolation or as a substitute for analysis of the Company’s results as reported under GAAP. 2. Represents unusual or infrequently occurring transactions which do not provide a useful measure of the underlying operating performance of the business. Q4 2020 includes gain of $10 million on disposal of group of assets. 3. Represents movements in accounts receivables, inventories, accounts payable and other assets and liabilities. 4. Adjusted CFFO is defined as cash provided by (used in) operating activities adjusted for net interest paid and restructuring charges. Note: Certain columns and rows may not add due to the use of rounded numbers A-6

Quarterly Investments and Free Cash Flow- Expro ($ in millions) Three Months Ended, Investments 31-Mar-19 30-Jun-19 30-Sep-19 31-Dec-19 31-Mar-20 30-Jun-20 30-Sep-20 31-Dec-20 1 Research and development $ 3 $ 3 $ 3 $ 5 $ 4 $ 3 $ 2 $ 2 Capital expenditures Capex - Core Operations 25 24 27 25 25 20 18 12 2 Capex - Qi and LWI - 0 1 2 5 10 7 7 3 Investment in joint venture - - - - - - 3 6 Acquisition of business (Qi) and divestment of product line (Power Chokes) - - 48 - - - - (16) 28 27 79 32 34 33 30 11 Adjusted CFFO $ 13 $ 9 $ 16 $ 49 $ 11 $ 20 $ 46 $ 10 Capex - Core Operations (25) (24) (27) (25) (25) (20) (18) (12) Free Cash Flow (12) (15) (11) 24 (14) 0 28 (2) Core Capex % of Revenue 14% 12% 13% 11% 12% 12% 12% 8% 1. Research and development relates to spending for new product development and innovation and includes internal engineering, materials and third party service costs. R&D is expensed as incurred. 2. Represents material investments in new technologies/equipment to expand the company's service offering. Qi was acquired in July 2019 and post-acquisition investments are focused on coil hose and annulus intervention capabilities. 3. LWI relate investments in riserless, light well intervention capabilities expected to be operational in H2 2021. 4. Represents company investment in equipment for a potential joint venture designed to increase the company's presence in a new market. Note: Certain columns and rows may not add due to the use of rounded numbers A-7Quarterly Investments and Free Cash Flow- Expro ($ in millions) Three Months Ended, Investments 31-Mar-19 30-Jun-19 30-Sep-19 31-Dec-19 31-Mar-20 30-Jun-20 30-Sep-20 31-Dec-20 1 Research and development $ 3 $ 3 $ 3 $ 5 $ 4 $ 3 $ 2 $ 2 Capital expenditures Capex - Core Operations 25 24 27 25 25 20 18 12 2 Capex - Qi and LWI - 0 1 2 5 10 7 7 3 Investment in joint venture - - - - - - 3 6 Acquisition of business (Qi) and divestment of product line (Power Chokes) - - 48 - - - - (16) 28 27 79 32 34 33 30 11 Adjusted CFFO $ 13 $ 9 $ 16 $ 49 $ 11 $ 20 $ 46 $ 10 Capex - Core Operations (25) (24) (27) (25) (25) (20) (18) (12) Free Cash Flow (12) (15) (11) 24 (14) 0 28 (2) Core Capex % of Revenue 14% 12% 13% 11% 12% 12% 12% 8% 1. Research and development relates to spending for new product development and innovation and includes internal engineering, materials and third party service costs. R&D is expensed as incurred. 2. Represents material investments in new technologies/equipment to expand the company's service offering. Qi was acquired in July 2019 and post-acquisition investments are focused on coil hose and annulus intervention capabilities. 3. LWI relate investments in riserless, light well intervention capabilities expected to be operational in H2 2021. 4. Represents company investment in equipment for a potential joint venture designed to increase the company's presence in a new market. Note: Certain columns and rows may not add due to the use of rounded numbers A-7

Non-GAAP Reconciliations – Frank's ($ in millions) Twelve Months Ended December 31, 2014 2015 2016 2017 2018 2019 2020 Net income (loss) $ 229 $ 106 $ (156) $ (159) $ (91) $ (235) $ (156) Severance and other charges (credits) - 35 46 75 (0) 50 33 Goodwill impairment - - - - - 111 57 Interest income, net (0) (0) (2) (2) (4) (2) (1) Depreciation and amortization 90 109 114 122 111 93 70 Income tax expense (benefit) 75 37 (26) 73 (3) 24 (4) (Gain) loss on disposal of assets 0 (1) 1 (2) (1) 1 (1) Foreign currency (gain) loss 17 6 11 (2) 6 2 0 Tax receivable agreement - - - (123) 1 (0) - Charges and credits: - - - - - - - Equity-based compensation expense 38 26 16 14 11 11 11 Merger and acquisition costs - - 14 0 0 - - Unrealized and realized (gains) losses - - 0 3 (2) (0) (1) Investigation-related matters 1 1 6 6 5 4 2 Other - (2) - 0 - (1) (1) Total charges and credits 40 26 36 24 14 14 11 1 Adjusted EBITDA $ 452 $ 319 $ 25 $ 6 $ 33 $ 58 $ 9 Cash provided by (used in) in operating activities $ 369 $ 428 $ (11) $ 25 $ (33) $ 27 $ 40 2 Less: Purchase of property, plant and equipment and intangibles 173 100 42 22 56 37 28 3 Free Cash Flow $ 196 $ 328 $ (53) $ 3 $ (89) $ (10) $ 11 1. Adjusted EBITDA is defined as net income (loss) before interest income, net, depreciation and amortization, income tax benefit or expense, asset impairments, gain or loss on disposal of assets, foreign currency gain or loss, equity-based compensation, the effects of the tax receivable agreement, unrealized and realized gains or losses and other non-cash adjustments and other charges or credits. 2. Purchase of property, plant and equipment and intangibles has not been adjusted for asset sales 3. Free cash flow is defined as net cash provided by (used in) operating activities less purchases of property, plant and equipment and intangibles. A-8Non-GAAP Reconciliations – Frank's ($ in millions) Twelve Months Ended December 31, 2014 2015 2016 2017 2018 2019 2020 Net income (loss) $ 229 $ 106 $ (156) $ (159) $ (91) $ (235) $ (156) Severance and other charges (credits) - 35 46 75 (0) 50 33 Goodwill impairment - - - - - 111 57 Interest income, net (0) (0) (2) (2) (4) (2) (1) Depreciation and amortization 90 109 114 122 111 93 70 Income tax expense (benefit) 75 37 (26) 73 (3) 24 (4) (Gain) loss on disposal of assets 0 (1) 1 (2) (1) 1 (1) Foreign currency (gain) loss 17 6 11 (2) 6 2 0 Tax receivable agreement - - - (123) 1 (0) - Charges and credits: - - - - - - - Equity-based compensation expense 38 26 16 14 11 11 11 Merger and acquisition costs - - 14 0 0 - - Unrealized and realized (gains) losses - - 0 3 (2) (0) (1) Investigation-related matters 1 1 6 6 5 4 2 Other - (2) - 0 - (1) (1) Total charges and credits 40 26 36 24 14 14 11 1 Adjusted EBITDA $ 452 $ 319 $ 25 $ 6 $ 33 $ 58 $ 9 Cash provided by (used in) in operating activities $ 369 $ 428 $ (11) $ 25 $ (33) $ 27 $ 40 2 Less: Purchase of property, plant and equipment and intangibles 173 100 42 22 56 37 28 3 Free Cash Flow $ 196 $ 328 $ (53) $ 3 $ (89) $ (10) $ 11 1. Adjusted EBITDA is defined as net income (loss) before interest income, net, depreciation and amortization, income tax benefit or expense, asset impairments, gain or loss on disposal of assets, foreign currency gain or loss, equity-based compensation, the effects of the tax receivable agreement, unrealized and realized gains or losses and other non-cash adjustments and other charges or credits. 2. Purchase of property, plant and equipment and intangibles has not been adjusted for asset sales 3. Free cash flow is defined as net cash provided by (used in) operating activities less purchases of property, plant and equipment and intangibles. A-8

Quarterly Non-GAAP Reconciliations – Frank's ($ in millions) Three Months Ended 31-Mar-19 30-Jun-19 30-Sep-19 31-Dec-19 31-Mar-20 30-Jun-20 30-Sep-20 31-Dec-20 Net income (loss) $ (28) $ (15) $ (24) $ (168) $ (86) $ (34) $ (28) $ (8) Severance and other charges (credits) 0 1 5 44 21 5 4 4 Goodwill impairment - - - 111 57 - - - Interest (income) expense, net (1) (0) (1) (1) (1) (0) 0 (0) Depreciation and amortization 25 24 21 22 20 17 16 17 Income tax expense (benefit) 10 3 7 3 (16) 9 6 (4) (Gain) loss on disposal of assets 0 0 1 0 0 (1) (0) (1) Foreign currency (gain) loss (0) 1 4 (2) 10 (2) (2) (6) Tax receivable agreement - (0) - - - - - - Charges and credits: - - - - - - - - Equity-based compensation expense 3 3 3 3 2 4 3 3 Unrealized and realized (gains) losses (0) (0) (1) 2 (2) 0 0 0 Investigation-related matters 1 1 1 0 1 0 1 0 Other - - - (1) - - - (1) Total charges and credits 3 4 2 4 2 4 3 2 1 Adjusted EBITDA $ 10 $ 17 $ 16 $ 15 $ 7 $ (2) $ (1) $ 5 Cash provided by (used in) in operating activities $ (30) $ 12 $ 26 $ 19 $ (22) $ 26 $ 21 $ 14 2 Less: Purchase of property, plant and equipment and intangibles 8 9 10 10 10 10 5 3 3 Free Cash Flow $ (38) $ 3 $ 16 $ 9 $ (32) $ 16 $ 16 $ 12 1. Adjusted EBITDA is defined as net income (loss) before interest income, net, depreciation and amortization, income tax benefit or expense, asset impairments, gain or loss on disposal of assets, foreign currency gain or loss, equity-based compensation, the effects of the tax receivable agreement, unrealized and realized gains or losses and other non-cash adjustments and other charges or credits. 2. Purchase of property, plant and equipment and intangibles has not been adjusted for asset sales 3. Free cash flow is defined as net cash provided by (used in) operating activities less purchases of property, plant and equipment and intangibles. A-9Quarterly Non-GAAP Reconciliations – Frank's ($ in millions) Three Months Ended 31-Mar-19 30-Jun-19 30-Sep-19 31-Dec-19 31-Mar-20 30-Jun-20 30-Sep-20 31-Dec-20 Net income (loss) $ (28) $ (15) $ (24) $ (168) $ (86) $ (34) $ (28) $ (8) Severance and other charges (credits) 0 1 5 44 21 5 4 4 Goodwill impairment - - - 111 57 - - - Interest (income) expense, net (1) (0) (1) (1) (1) (0) 0 (0) Depreciation and amortization 25 24 21 22 20 17 16 17 Income tax expense (benefit) 10 3 7 3 (16) 9 6 (4) (Gain) loss on disposal of assets 0 0 1 0 0 (1) (0) (1) Foreign currency (gain) loss (0) 1 4 (2) 10 (2) (2) (6) Tax receivable agreement - (0) - - - - - - Charges and credits: - - - - - - - - Equity-based compensation expense 3 3 3 3 2 4 3 3 Unrealized and realized (gains) losses (0) (0) (1) 2 (2) 0 0 0 Investigation-related matters 1 1 1 0 1 0 1 0 Other - - - (1) - - - (1) Total charges and credits 3 4 2 4 2 4 3 2 1 Adjusted EBITDA $ 10 $ 17 $ 16 $ 15 $ 7 $ (2) $ (1) $ 5 Cash provided by (used in) in operating activities $ (30) $ 12 $ 26 $ 19 $ (22) $ 26 $ 21 $ 14 2 Less: Purchase of property, plant and equipment and intangibles 8 9 10 10 10 10 5 3 3 Free Cash Flow $ (38) $ 3 $ 16 $ 9 $ (32) $ 16 $ 16 $ 12 1. Adjusted EBITDA is defined as net income (loss) before interest income, net, depreciation and amortization, income tax benefit or expense, asset impairments, gain or loss on disposal of assets, foreign currency gain or loss, equity-based compensation, the effects of the tax receivable agreement, unrealized and realized gains or losses and other non-cash adjustments and other charges or credits. 2. Purchase of property, plant and equipment and intangibles has not been adjusted for asset sales 3. Free cash flow is defined as net cash provided by (used in) operating activities less purchases of property, plant and equipment and intangibles. A-9

Glossary of Terms As shown on page 10 Cased Hole Applications – Downhole wireline tools and services deployed to perform a variety of services including the evaluation of well flow, reservoir performance and the condition of the wellbore and completion CoilHose – A flexible hose deployed on a modular unit for well intervention for the purpose of lifting or cleaning wellbores with a much-reduced footprint and crew size as compared to traditional coiled tubing systems Drill Stem Testing (DST) – Temporary completion of a wellbore to allow for evaluation of reservoir and flow parameters Early production – Process equipment that enable wells to be produced quicker than full scale production facilities allowing operators to recognize cash flow as quickly as possible while continuing to obtain flow data Facility Upgrades – Process facility upgrades designed to overcome changes with production parameters not anticipated at initial start-up of the field Fluids – Group of services including wellsite and fixed laboratory sampling, analysis and flow measurement services to fully characterize reservoir and produced fluids GaleaAutonomous Intervention – Fully automated well intervention equipment package that replaces convention wireline systems to remove wax, solids and asphaltenes from the wellbore without personnel on the wellsite Intervention Riser System (IRS) – Rig deployed system that enables access to subsea trees to deploy a variety of wireline or coiled tubing intervention services to facilitate completion workover Mechanical Wireline – Slickline or non-conductor braided wireline cable used to install or recover wellbore equipment such as plugs, gauges or valves as well as perform maintenance services including cleaning scale or removing debris from the wellbore Meters – Flow measurement technology specifically designed to provide clamp-on or inline flow measurements of upstream oil and gas flow lines for the purpose of evaluating production performance Octopoda Intelligent Intervention – System that allows the intervention of well annulus to remedy problems associated with sustained casing pressure Offshore Production Units – Modular process equipment deployed to facilitate production of marginal, remote or late life fields on offshore fixed or mobile units Permanent Downhole Monitoring (PDM) – Pressure and temperature gauges permanently installed in wellbore with communication to surface acquisition unit used to monitor reservoir and production performance Pipeline and Flarestack – Systems for separation, fluids and solid handling complemented by specially designed flare systems that safely and quickly vaporize and burn off highly volatile liquids in operations ranging from routine pipeline maintenance blow-downs to emergency response Production enhancement systems – Equipment designed to maximize the production of hydrocarbons from wells in later life, revitalizing production by overcoming system limitations or barriers Riserless Well Intervention System – Fully integrated system that provides a safe and efficient method of gaining subsea well access using wire through water system deployed from a mono-hull vessel for all subsea well intervention requirements A-10Glossary of Terms As shown on page 10 Cased Hole Applications – Downhole wireline tools and services deployed to perform a variety of services including the evaluation of well flow, reservoir performance and the condition of the wellbore and completion CoilHose – A flexible hose deployed on a modular unit for well intervention for the purpose of lifting or cleaning wellbores with a much-reduced footprint and crew size as compared to traditional coiled tubing systems Drill Stem Testing (DST) – Temporary completion of a wellbore to allow for evaluation of reservoir and flow parameters Early production – Process equipment that enable wells to be produced quicker than full scale production facilities allowing operators to recognize cash flow as quickly as possible while continuing to obtain flow data Facility Upgrades – Process facility upgrades designed to overcome changes with production parameters not anticipated at initial start-up of the field Fluids – Group of services including wellsite and fixed laboratory sampling, analysis and flow measurement services to fully characterize reservoir and produced fluids GaleaAutonomous Intervention – Fully automated well intervention equipment package that replaces convention wireline systems to remove wax, solids and asphaltenes from the wellbore without personnel on the wellsite Intervention Riser System (IRS) – Rig deployed system that enables access to subsea trees to deploy a variety of wireline or coiled tubing intervention services to facilitate completion workover Mechanical Wireline – Slickline or non-conductor braided wireline cable used to install or recover wellbore equipment such as plugs, gauges or valves as well as perform maintenance services including cleaning scale or removing debris from the wellbore Meters – Flow measurement technology specifically designed to provide clamp-on or inline flow measurements of upstream oil and gas flow lines for the purpose of evaluating production performance Octopoda Intelligent Intervention – System that allows the intervention of well annulus to remedy problems associated with sustained casing pressure Offshore Production Units – Modular process equipment deployed to facilitate production of marginal, remote or late life fields on offshore fixed or mobile units Permanent Downhole Monitoring (PDM) – Pressure and temperature gauges permanently installed in wellbore with communication to surface acquisition unit used to monitor reservoir and production performance Pipeline and Flarestack – Systems for separation, fluids and solid handling complemented by specially designed flare systems that safely and quickly vaporize and burn off highly volatile liquids in operations ranging from routine pipeline maintenance blow-downs to emergency response Production enhancement systems – Equipment designed to maximize the production of hydrocarbons from wells in later life, revitalizing production by overcoming system limitations or barriers Riserless Well Intervention System – Fully integrated system that provides a safe and efficient method of gaining subsea well access using wire through water system deployed from a mono-hull vessel for all subsea well intervention requirements A-10

Glossary of Terms (continued) As shown on page 10 (continued) Subsea Test Tree Assembly (SSTTA) – Systems integral to subsea landing string run inside a marine riser that allows well operations during drill stem testing, well completion or intervention from a semi-submersible rig or drillship. The subsea test tree provides a dual barrier and an electro-hydraulic control system to rapidly shut-in and isolate the well and disconnect in case of emergency System Integrator – Management and delivery of the complete scope of services during subsea well completion and intervention operations including subsea tree control, riser deployment and integration services Tubing Conveyed Perforating (TCP) – Perforating guns deployed using tubing or coiled tubing in order to complete a well with high deviation, long completion intervals or underbalanced pressure Water treatment – management of water produced as a component of production facility in order to facilitate disposal or reinjection Well Test – Process of collecting a range of surface well flow data in order to determine reservoir characteristics and production parameters. This data is acquired utilizing a range of equipment installed temporarily at the wellsite facilitating flow and either dispose or storage of the produced fluids Wireless Wells – Measurement and control technology that allows communications from surface to the wellbore to acquire pressure and temperature data or control downhole devices without the need to deploy wireline in the wellbore or with the completion A-11Glossary of Terms (continued) As shown on page 10 (continued) Subsea Test Tree Assembly (SSTTA) – Systems integral to subsea landing string run inside a marine riser that allows well operations during drill stem testing, well completion or intervention from a semi-submersible rig or drillship. The subsea test tree provides a dual barrier and an electro-hydraulic control system to rapidly shut-in and isolate the well and disconnect in case of emergency System Integrator – Management and delivery of the complete scope of services during subsea well completion and intervention operations including subsea tree control, riser deployment and integration services Tubing Conveyed Perforating (TCP) – Perforating guns deployed using tubing or coiled tubing in order to complete a well with high deviation, long completion intervals or underbalanced pressure Water treatment – management of water produced as a component of production facility in order to facilitate disposal or reinjection Well Test – Process of collecting a range of surface well flow data in order to determine reservoir characteristics and production parameters. This data is acquired utilizing a range of equipment installed temporarily at the wellsite facilitating flow and either dispose or storage of the produced fluids Wireless Wells – Measurement and control technology that allows communications from surface to the wellbore to acquire pressure and temperature data or control downhole devices without the need to deploy wireline in the wellbore or with the completion A-11