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ALTACORP AND ATB ENERGY SERVICES AND INFRASTRUCTURE CONFERENCE – Exterran Holdings, Inc.

Exterran Holdings, Inc. · Jan 15, 2013 · 29 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. ALTACORP AND ATB ENERGY SERVICES AND INFRASTRUCTURE CONFERENCE – Exterran Holdings, Inc. – slide 1
    AltaCorp/ATB Energy Services and Infrastructure Conference January 15-16, 2013 Bill Austin Executive Vice President and Chief Financial Officer
  2. ALTACORP AND ATB ENERGY SERVICES AND INFRASTRUCTURE CONFERENCE – Exterran Holdings, Inc. – slide 2
    Performance Improvement Highlights Results1 Progress Return to positive EPS excluding charges2 for first time in three years Goals Fabrication backlog with higher EBITDA, as adjusted, up 25% revenue and margins1 and 28% over…
  3. ALTACORP AND ATB ENERGY SERVICES AND INFRASTRUCTURE CONFERENCE – Exterran Holdings, Inc. – slide 3
    Business Overview
  4. ALTACORP AND ATB ENERGY SERVICES AND INFRASTRUCTURE CONFERENCE – Exterran Holdings, Inc. – slide 4
    Leader in Compression and Production Services 4
  5. ALTACORP AND ATB ENERGY SERVICES AND INFRASTRUCTURE CONFERENCE – Exterran Holdings, Inc. – slide 5
    Geographic & Product Diversification Segment Gross Margin Mix1,2 Geographic Gross Margin Mix1,2 International Contract Operations 34% North America 58% Latin America North 28% America Contract Aftermarket Operations…
  6. ALTACORP AND ATB ENERGY SERVICES AND INFRASTRUCTURE CONFERENCE – Exterran Holdings, Inc. – slide 6
    Stable Fee-Based Cash Flows Contract Operations Revenue and Natural Gas Prices 900 14.00 800 12.00 700 10.00 600 Henry Hub Spot Price Revenue ( millions) 500 8.00 400 6.00 300 4.00 200 2.00 100 0 0.00…
  7. ALTACORP AND ATB ENERGY SERVICES AND INFRASTRUCTURE CONFERENCE – Exterran Holdings, Inc. – slide 7
    U.S. Shale Plays Growth activities driven by shale and liquids-rich plays Source: Energy Information Administration 7
  8. ALTACORP AND ATB ENERGY SERVICES AND INFRASTRUCTURE CONFERENCE – Exterran Holdings, Inc. – slide 8
    Encouraging Trends for Natural Gas in the U.S. Increasing Supply in the U.S. Natural Gas Consumption by U.S. Utilities 35 12 30 10 25 (trillions of cubic feet) (trillions of cubic feet) 8 20 6 15 4 10 2 5…
  9. ALTACORP AND ATB ENERGY SERVICES AND INFRASTRUCTURE CONFERENCE – Exterran Holdings, Inc. – slide 9
    Exterran Partners, L.P. Master Limited Partnership is a leading provider of natural gas contract operations Exterran Partners services in the United States EXLP currently owns 61% of the EXHs strategy is to offer the remainder of…
  10. ALTACORP AND ATB ENERGY SERVICES AND INFRASTRUCTURE CONFERENCE – Exterran Holdings, Inc. – slide 10
    Oil & Gas Drilling and Production Spending Global Capital Spending Increasing 500 450 400 350 300 ( billions) 250 200 150 100 50 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 U.S.…
  11. ALTACORP AND ATB ENERGY SERVICES AND INFRASTRUCTURE CONFERENCE – Exterran Holdings, Inc. – slide 11
    Fabrication Sell compression, production and processing equipment For U.S. and international markets Provide integrated design, engineering, fabrication and installation capabilities Our Belleli operations have facilities in Italy…
  12. ALTACORP AND ATB ENERGY SERVICES AND INFRASTRUCTURE CONFERENCE – Exterran Holdings, Inc. – slide 12
    Aftermarket Services Provider of parts and services in U.S. and international markets Goal to help reduce downtime and maximize equipment life Services include: Preventive and contract maintenance services Mid-cycle and full…
  13. ALTACORP AND ATB ENERGY SERVICES AND INFRASTRUCTURE CONFERENCE – Exterran Holdings, Inc. – slide 13
    Performance Improvement For 2012 13 13
  14. ALTACORP AND ATB ENERGY SERVICES AND INFRASTRUCTURE CONFERENCE – Exterran Holdings, Inc. – slide 14
    Improved Profitability of our Core Businesses 3Q 2012 Fabrication Centralization of pricing decision making, better performance in our fabrication facilities, and sourcing initiatives that reduced our material costs Highest level of…
  15. ALTACORP AND ATB ENERGY SERVICES AND INFRASTRUCTURE CONFERENCE – Exterran Holdings, Inc. – slide 15
    Fabrication Backlog Backlog at Period Ends 1,400 1,400 1,200 1,200 1,000 1,000 ( millions) ( millions) 800 800 600 600 400 400 200 200 0 0 2008 2009 2010 2011 9/30/12 2008 2009 2010 2011 9/30/12 North…
  16. ALTACORP AND ATB ENERGY SERVICES AND INFRASTRUCTURE CONFERENCE – Exterran Holdings, Inc. – slide 16
    Aftermarket Services Total Aftermarket Services Revenue 350 300 287 million 255 million 250 ( millions) 200 150 100 50 22% 14% 22% 0 11% Nine Months Ended 9/30/11 Nine Months Ended 9/30/12 Gross Margin…
  17. ALTACORP AND ATB ENERGY SERVICES AND INFRASTRUCTURE CONFERENCE – Exterran Holdings, Inc. – slide 17
    Discipline Growth North America Contract Operations Grew our North America operating horsepower by 38,000 in 3Q 2012 Start activity at highest levels in over four years Stop activity declined from 1H 2012 levels Attractive…
  18. ALTACORP AND ATB ENERGY SERVICES AND INFRASTRUCTURE CONFERENCE – Exterran Holdings, Inc. – slide 18
    Discipline Growth (continued) International Contract Operations Backlog of new business remains solid and includes projects expected to start in Latin America and Asia in 4Q 20121 4Q 2012 revenues in international contract operations…
  19. ALTACORP AND ATB ENERGY SERVICES AND INFRASTRUCTURE CONFERENCE – Exterran Holdings, Inc. – slide 19
    Improved Credit Profile Total Debt Outstanding Exterran Holdings Debt to Adjusted EBITDA1 2,000 1,897 4.5x 4.3x 1,773 3.9x 1,800 1,706 4.0x 449 1,600 3.5x 546 1,400 3.0x 665 3.0x ( millions) 1,200 2.5x 1,000 2.0x…
  20. ALTACORP AND ATB ENERGY SERVICES AND INFRASTRUCTURE CONFERENCE – Exterran Holdings, Inc. – slide 20
    Venezuela In August 2012, completed the sale of our wholly-owned assets in Venezuela, which were expropriated in 2009 The net proceeds from this sale, when combined with the net proceeds from the March 2012 sale of our Venezuelan…
  21. ALTACORP AND ATB ENERGY SERVICES AND INFRASTRUCTURE CONFERENCE – Exterran Holdings, Inc. – slide 21
    Investment Merits Improved operating and financial performance in first nine months of 2012 Enhanced financial flexibility to meet growth opportunities Plans to enhance North America field operating efficiency and reduce cost…
  22. ALTACORP AND ATB ENERGY SERVICES AND INFRASTRUCTURE CONFERENCE – Exterran Holdings, Inc. – slide 22
  23. ALTACORP AND ATB ENERGY SERVICES AND INFRASTRUCTURE CONFERENCE – Exterran Holdings, Inc. – slide 23
    Appendix Slides
  24. ALTACORP AND ATB ENERGY SERVICES AND INFRASTRUCTURE CONFERENCE – Exterran Holdings, Inc. – slide 24
    Exterran - Financial Results Summary1,2 ( in millions) 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 Revenues North America Contract Operations 194.4 178.5 167.6 154.9 152.6 152.0 152.0 151.4 146.9 146.6…
  25. ALTACORP AND ATB ENERGY SERVICES AND INFRASTRUCTURE CONFERENCE – Exterran Holdings, Inc. – slide 25
    Non-GAAP Financial Measures EBITDA, as adjusted, a non-GAAP measure, is defined as income (loss) from continuing operations excluding income taxes, interest expense (including debt extinguishment costs and gain or loss on termination…
  26. ALTACORP AND ATB ENERGY SERVICES AND INFRASTRUCTURE CONFERENCE – Exterran Holdings, Inc. – slide 26
    Non-GAAP Financial Measures (cont.)1,2 Three Months Ended March 31, June 30, Sept. 30, Dec. 31, March 31, June 30, Sept. 30, Dec. 31, March 31, June 30, Sept. 30, Dec. 31, March 31, June 30, Sept. 30, ( millions) 2009 2009 2009 2009…
  27. ALTACORP AND ATB ENERGY SERVICES AND INFRASTRUCTURE CONFERENCE – Exterran Holdings, Inc. – slide 27
    Non-GAAP Financial Measures (cont.)1,2 Year Ended December 31, ( millions) 2008 2009 2010 2011 Reconciliation of GAAP to Non-GAAP Financial Information: Loss from continuing operations (981.8) (249.2) (158.6) (329.5) Depreciation…
  28. ALTACORP AND ATB ENERGY SERVICES AND INFRASTRUCTURE CONFERENCE – Exterran Holdings, Inc. – slide 28
    Debt Structure Debt Structure as of September 30, 2012 ( millions) Funded Type Amount Size Maturity Rating Senior Secured Facility1 232 900 2016 BB/n/a 7.25% Senior Notes 350 350 2018 BB/Ba3 3 4.75% Convertible Notes2 144 144…
  29. ALTACORP AND ATB ENERGY SERVICES AND INFRASTRUCTURE CONFERENCE – Exterran Holdings, Inc. – slide 29

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