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NAPTP MLP INVESTOR CONFERENCE – Csi Compressco L.P.

Csi Compressco L.P. · May 21, 2015 · 22 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. NAPTP MLP INVESTOR CONFERENCE – Csi Compressco L.P. – slide 1
    2015 NAPTP MLP Investor Conference Hyatt Regency Orlando, Florida www.csicompressco.com May 21, 2015
  2. NAPTP MLP INVESTOR CONFERENCE – Csi Compressco L.P. – slide 2
    Corporate Profile CSI Compressco LP (NASDAQ: CCLP) Stock Market / Symbol NASDAQ: CCLP IPO of Compressco Partners in 2011 Acquisition of Compressor Systems, Inc., in 2014 44 year history in natural gas compression industry Recent…
  3. NAPTP MLP INVESTOR CONFERENCE – Csi Compressco L.P. – slide 3
    Compression 101 What is Compression How much Compression is needed Compression is the reduction in volume and increase in US produces roughly 72,000 MMSCFD, requiring pressure of a gaseous fluid. roughly 15 million horsepower for…
  4. NAPTP MLP INVESTOR CONFERENCE – Csi Compressco L.P. – slide 4
    Lines of Business Vertically Integrated Compression Provider 2014 Revenue(1) 2014 Revenue(1) Compression & Related Services AMS, 7% Fee based service, utilizing our personnel and our assets Wide range of equipment offerings,…
  5. NAPTP MLP INVESTOR CONFERENCE – Csi Compressco L.P. – slide 5
    Markets We Serve CCLP offers products and services throughout the Compression Value Chain Wellhead and Gathering Gas Processing Storage and Distribution Pipeline and Transmission Purpose Hydrocarbon production Delivery and…
  6. NAPTP MLP INVESTOR CONFERENCE – Csi Compressco L.P. – slide 6
    Compression and Commodity Prices Compression Is A More Stable Sector of Energy Services Fleet Utilization Comparatively Stable Macro Variables(1) vs. Fleet Utilization(2) 20% 100% Macro Variables (% change from 2008) Through…
  7. NAPTP MLP INVESTOR CONFERENCE – Csi Compressco L.P. – slide 7
    Position in Industry 2nd largest vertically integrated compression provider 4th largest Compression Services fleet (Hp) Utilization routinely above Gas Compressor Association (GCA) average(1) 10% GCA market share of U.S. and Canada…
  8. NAPTP MLP INVESTOR CONFERENCE – Csi Compressco L.P. – slide 8
    Compression Services Business Line with the Largest Portion of Revenue, Highest Contribution Margin, and Most Stable Cash Flow for the Partnership Fleet Composition(1) Hp by Application Hp by Hp Range Hp by Region Over 300 field…
  9. NAPTP MLP INVESTOR CONFERENCE – Csi Compressco L.P. – slide 9
    Substantial Customer Diversity Significant Cross-Selling Opportunities Limited CSI and Compressco overlap in top 30 customers, Largest Compression Services customer is 7% of total revenue, 14% of compression services revenue…
  10. NAPTP MLP INVESTOR CONFERENCE – Csi Compressco L.P. – slide 10
    Fleet Growth From 2012 through 2015 we expect to(1); Invest over 350 million in growth Add over 300,000 Hp to the fleet Low maintenance capital 14 million in 2015 budget for over 1 million Hp Robust preventative maintenance…
  11. NAPTP MLP INVESTOR CONFERENCE – Csi Compressco L.P. – slide 11
    Equipment Sales 120 Million Backlog Entering 2015, Project Lead Times Provide Visibility to Future Business Experienced in building for many compression applications Gas gathering Gas processing Gas lift Vapor recovery Wellhead…
  12. NAPTP MLP INVESTOR CONFERENCE – Csi Compressco L.P. – slide 12
    Manufacturing Horsepower (Hp) Packaged(2) Significant Plant Capacity Available with 65% Current Utilization 350 Build for both fleet growth and sales to customers 300 Over 7,000 packages(1) 250 Over 4.7 million Hp…
  13. NAPTP MLP INVESTOR CONFERENCE – Csi Compressco L.P. – slide 13
    Growth Strategy Estimated 205 billion investment (including 13 million Hp of additional compression) required for U.S. gathering and transmission in the next 20 years(1) Marcellus/Utica: Currently 0% share of 20% of U.S. natural gas…
  14. NAPTP MLP INVESTOR CONFERENCE – Csi Compressco L.P. – slide 14
    Balance Sheet Focused on Maintaining Strong Balance Sheet with Ample Liquidity Quality customer base Quality earnings Predictability in revenue and earnings provides CSI Compressco Millions (as of 03/31/2015) confidence in…
  15. NAPTP MLP INVESTOR CONFERENCE – Csi Compressco L.P. – slide 15
    Value Proposition for Investors High Yield and Distribution Growth Distributable Cash Flow and Yield(2) vs. 2015 Q1 YOY Distribution Growth Annualized Quarterly Distributions(1) 90 12% 2.45 in in 80 Price 10% CSI…
  16. NAPTP MLP INVESTOR CONFERENCE – Csi Compressco L.P. – slide 16
    Summary Business Model Provides Relatively Predictable Cash Flow, Not as Susceptible to Commodity Price Swings when Compared to Many other Oil Field Services Approach to a Downturn Keep Assets Utilized Serve New Customers Serve…
  17. NAPTP MLP INVESTOR CONFERENCE – Csi Compressco L.P. – slide 17
    Appendix
  18. NAPTP MLP INVESTOR CONFERENCE – Csi Compressco L.P. – slide 18
    Non-GAAP Financial Measures CSI Compressco Partners (the Partnership) includes in this presentation the non-GAAP financial measures EBITDA, Adjusted EBITDA, Adjusted EBITDA margin, enterprise value, distributable cash flow, distribution…
  19. NAPTP MLP INVESTOR CONFERENCE – Csi Compressco L.P. – slide 19
    Reconciliations Adjusted EBITDA Reconciliation (Thousands,except unit price) 2014 2015 In Millions 2010 2011 2012 2013 2014 Q4 Q1 Market Capitalization Reconciliation: CCLP Net Income 14 7 16 18 2 11 2 Provision of Income Market…
  20. NAPTP MLP INVESTOR CONFERENCE – Csi Compressco L.P. – slide 20
    Additional Financial Data CSI Distributable Cash Flow 2014 Unaudited In Millions CCLP 2014 Pro-Forma In Millions 2015-Q1 (1/1/14 to Unaudited 8/3/14) Net Income 2 Revenue 283 208 491 Provision for Income Taxes 1 COGS 175 136 311…
  21. NAPTP MLP INVESTOR CONFERENCE – Csi Compressco L.P. – slide 21
    Leadership Team Highly Qualified Management Team with Significant Industry Experience Tim Knox President James Rounsavall CFO Ron Foster SVP & CMO President CSI Compressco since CFO CSI Compressco since SVP and Chief Marketing…
  22. NAPTP MLP INVESTOR CONFERENCE – Csi Compressco L.P. – slide 22
    Dedicated to The CRE 23

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