USA Compression Partners, LP Investor Presentation March 2013
IPO Overview Issuer USA Compression Partners, LP Ticker NYSE: USAC Offering Size 11,000,000 common units Unit Price 18.00 Offering Size 198 million Public Ownership Following Offering 37% Equity Value 573 million Minimum…
Organizational Structure Structure DRIP Feature USAC instituted a distribution reinvestment plan (DRIP) on USA Compression Holdings, LLC January 30, 2013 (date Form 4,048,588 Common Units S-1 was declared effective by 14,048,588…
Unit Price & Trading Volume Since IPO (1) NOTE: Excludes the first two days of trading due to high opening trading volume. 1,200,000 1,000,000 800,000 600,000 400,000 Volume 200,000 0 (1) Day 1 and day 2 of trading, January…
Senior Management Team Name / Title Years Experience Eric D. Long 30+ President and Chief Executive Officer Joseph Jody C. Tusa, Jr. 30+ Chief Financial Officer and Treasurer Kevin M. Bourbonnais 13+ Vice President and Chief…
Key Investment Considerations USAC has assets located in the most prolific shale basins, benefitting from new drilling activity Exposure to High and meaningful infrastructure build-out Growth Shale Plays Significant presence in areas…
USA Compression Snapshot Leading Domestic Provider of Contract Compression Services Partnership Overview Horsepower Breakdown (as of 12/31/12) % of One of the largest independent providers of Unit HP on Total HP Total compression…
Fueling the Shale Gas Revolution Unconventional Resource Plays Drive USACs Growth Unprecedented Growth from Shale Basins (1) Location is Critical Bcf/d USA Compression has geographic diversity 7.0 while focusing in areas of high…
Industry Fundamentals Shale Gas The Industry Gamechanger Hist. and Proj. Natural Gas Production (1) Increasing Compression Needs (2)(3) Tcf 33 Tcfe (HP) 35 USAC believes 350,000 compression needs 30 Shale Gas for unconventional…
Compression through the Natural Gas Price Cycle High Utilization Drives Cash Flow Stability USAC Utilization vs. Natural Gas Price Adjusted EBITDA vs. Natural Gas Price Utilization % / MMBtu mm / MMBtu 100% 16.00 90 16.00 82 14.00…
Location, Location, Location Presence in Key Geographical Regions Appalachian Basin (Marcellus Shale) Arkoma Basin (Fayetteville & Woodford Shales) Superior Pipeline Co. Superior Pipeline Co. Anadarko and Hugoton Basins…
Financial Overview
Financial Strategy Maintain stable cash flow platform with long-term customer contracts and high utilization Maintain Stable Continue focus on large horsepower compression units to provide Cash Flows growth to current stable,…
Estimated Cash Available for Distribution ( in thousands except per unit data) Twelve Months Ending 12/31/2013 Revenues: Contract Operations 144,120 Parts and Services 1,254 Total Revenues 145,374 Less: Cost of Operations,…
Sources & Uses and Pro Forma Capitalization Sources & Uses Pro Forma Capitalization As of September ( in thousands) ( in thousands) 30, 2012 As Adjusted Sources Cash 7 Gross IPO Proceeds 198,000 Total Sources 198,000 Long-term Debt…
Key Investment Considerations USAC has assets located in the most prolific shale basins, benefitting from new drilling activity Exposure to High and meaningful infrastructure build-out Growth Shale Plays Significant presence in areas…
Q&A
Appendix
Non-GAAP Reconciliations Predecessor Successor Year Ended December 31, Year Ended December 31, 2006 2007 2008 2009 2010 2011 2012 ( in thousands) Net income 9,829 7,122 20,911 21,228 10,479 69 4,503 Interest expense 13,209 16,468…
Non-GAAP Reconciliations: Forecast December 31, 2013 ( in thousands) Twelve Months Ending 12/31/2013 Net Income 19,909 Add: Depreciation and amortization 50,009 Interest expense 11,941 Income tax expense 242 Adjusted EBITDA…
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