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JOHNSON RICE ENERGY CONFERENCE – Exterran Holdings, Inc.

Exterran Holdings, Inc. · Oct 6, 2011 · 32 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. JOHNSON RICE ENERGY CONFERENCE – Exterran Holdings, Inc. – slide 1
    Johnson Rice Energy Conference October 5-6, 2011
  2. JOHNSON RICE ENERGY CONFERENCE – Exterran Holdings, Inc. – slide 2
    Exterran (NYSE: EXH) Company Overview Leading global provider Over 10,000 of full-service natural employees with gas compression and operations in surface production approximately 30 solutions countries EXH owns an equity…
  3. JOHNSON RICE ENERGY CONFERENCE – Exterran Holdings, Inc. – slide 3
    Geographic & Product Diversification Segment Gross Margin Mix1,2 Geographic Gross Margin Mix1,2 International Contract Latin America Operations 29% 35% North North America America 46% Contract Operations Aftermarket 39%…
  4. JOHNSON RICE ENERGY CONFERENCE – Exterran Holdings, Inc. – slide 4
    Relationship with Exterran Partners EXH owns an equity interest and the entire GP interest in Exterran Partners, L.P. EXLP currently owns about 53% of the combined EXH/EXLP U.S. Contract Operations fleet EXHs strategy is to…
  5. JOHNSON RICE ENERGY CONFERENCE – Exterran Holdings, Inc. – slide 5
    Summary Exterran Organizational Structure NACO International Market Equity1 : 0.62 Billion (47% of Total Contract Fabrication AMS U.S. Business)2 Operations 33% LP1 2% GP1 U.S. (53% of Total U.S. Business)2 Market…
  6. JOHNSON RICE ENERGY CONFERENCE – Exterran Holdings, Inc. – slide 6
    OPERATIONS REVIEW 6
  7. JOHNSON RICE ENERGY CONFERENCE – Exterran Holdings, Inc. – slide 7
    A World of Energy Solutions COMPRESSION PROCESSING Gas Sales Reciprocating Dehydration Screw Dewpointing Sweetening NGL extraction Wells PRODUCTION Oil Sales NGL stabilization Separation Heating/Cooling Gas dehydration Oil…
  8. JOHNSON RICE ENERGY CONFERENCE – Exterran Holdings, Inc. – slide 8
    Exterrans Unique Combination of Expertise BUILD, OWN & OPERATE SALES & SERVICES Contract operations Fabrication Aftermarket services Focused on providing speed to delivery for customer needs 8
  9. JOHNSON RICE ENERGY CONFERENCE – Exterran Holdings, Inc. – slide 9
    Reasons for Customer Outsourcing to Exterran CUSTOMER BENEFITS Speed to delivery Enhanced production or Superior run-time Eliminate hard Outsource asset transportation asset management volumes Lower operating investments…
  10. JOHNSON RICE ENERGY CONFERENCE – Exterran Holdings, Inc. – slide 10
    Global Presence North America Unconventional production Eastern Hemisphere drives growth opportunities Demand for integrated projects as natural gas infrastructure developed 35% 48% 17% 78% 10% Total Revenues: 13% 1.3…
  11. JOHNSON RICE ENERGY CONFERENCE – Exterran Holdings, Inc. – slide 11
    COMPRESSIONSolutions Compressor packages Reciprocating Rotary screw Gas engine drive Electric motor drive Compressor Engine Cooler 11
  12. JOHNSON RICE ENERGY CONFERENCE – Exterran Holdings, Inc. – slide 12
    PRODUCTIONSolutions Separation Separators / Scrubbers Heated separators Filters / Coalescers Free water knock outs Sand separators Process heaters / Coolers BTEX control Fuel gas packages Flow measurement packages Crude oil…
  13. JOHNSON RICE ENERGY CONFERENCE – Exterran Holdings, Inc. – slide 13
    PROCESSINGSolutions Gas sweetening Amine, sulfur recovery systems Gas dehydration TEG, Mol Sieve, Silica Gel Dewpoint control Refrigeration, JT Systems NGL recovery Cryogenic systems Fractionation Stabilization 13
  14. JOHNSON RICE ENERGY CONFERENCE – Exterran Holdings, Inc. – slide 14
    INTEGRATEDSolutions Single source accountability Facility design Project management Installation and construction Turnkey facilities Compression Processing and treating Production Gas storage 14
  15. JOHNSON RICE ENERGY CONFERENCE – Exterran Holdings, Inc. – slide 15
    Production Module for FPSO Vessel 15
  16. JOHNSON RICE ENERGY CONFERENCE – Exterran Holdings, Inc. – slide 16
    Belleli Energy Critical process equipment for refineries, power plants and other industrial applications Storage tanks for oil and petroleum products Desalination plants 16
  17. JOHNSON RICE ENERGY CONFERENCE – Exterran Holdings, Inc. – slide 17
    NORTH AMERICAN SHALE PLAYS 17
  18. JOHNSON RICE ENERGY CONFERENCE – Exterran Holdings, Inc. – slide 18
    Emerging U.S. Shale Plays Drive Growth Marcellus and Eagle Ford Shale Plays: Robust activity levels enhance demand for compression services and production and processing equipment. With its extensive geographic footprint,…
  19. JOHNSON RICE ENERGY CONFERENCE – Exterran Holdings, Inc. – slide 19
    North America Fleet Summary (June 30, 2011) Available Horsepower Class Horsepower Range Typical Applications Total (000s) % Wellhead 1 - 230 Wellhead 615 17% Group 1 231 - 896 Wellhead/Gathering 1,046 28% Group 2 897 - 1,380…
  20. JOHNSON RICE ENERGY CONFERENCE – Exterran Holdings, Inc. – slide 20
    New Build Fleet Expansion Program Exterran has produced modest operating horsepower growth in North America over the past year with expected acceleration in last half of 2011 and into 2012 Current plans to build 95,000 new horsepower…
  21. JOHNSON RICE ENERGY CONFERENCE – Exterran Holdings, Inc. – slide 21
    North America Fabrication Bookings Production Equipment Processing & Treating 100 100 80 80 Millions Millions 60 60 40 40 20 20 0 0 1H 2010 1H 2011 1H 2010 1H 2011 21
  22. JOHNSON RICE ENERGY CONFERENCE – Exterran Holdings, Inc. – slide 22
    FINANCIAL REVIEW 22
  23. JOHNSON RICE ENERGY CONFERENCE – Exterran Holdings, Inc. – slide 23
    Pro Forma Debt Structure Debt Structure as of June 30, 2011 ( millions) Funded Type Amount Size Maturity Rating Senior Secured Facility1,2 387 1,100 2016 BBB-/Ba1 7.25% Senior Notes 350 350 2018 BB/Ba3 3 4.75% Convertible…
  24. JOHNSON RICE ENERGY CONFERENCE – Exterran Holdings, Inc. – slide 24
    Significant Debt Reduction Total Debt Outstanding 3,000 Exterran Parent EXLP 2,500 2,000 Millions 1,500 1,000 500 0 12/31/08 3/31/09 6/30/09 9/30/09 12/31/09 3/31/10 6/30/10 9/30/10 12/31/10 3/31/11 6/30/11…
  25. JOHNSON RICE ENERGY CONFERENCE – Exterran Holdings, Inc. – slide 25
    Exterran Partners Relatively stable fee-based contract operations business is a good fit with distribution-focused MLP investment vehicle MLP tax structure provides relatively lower cost of capital EXLP continues to trade at a cash…
  26. JOHNSON RICE ENERGY CONFERENCE – Exterran Holdings, Inc. – slide 26
    Exterran Strengths Unique combination of products and services Speed with which we meet our customers requirements Leading market position in the compression market on a worldwide basis Great base of dedicated and experienced…
  27. JOHNSON RICE ENERGY CONFERENCE – Exterran Holdings, Inc. – slide 27
    APPENDIX 27
  28. JOHNSON RICE ENERGY CONFERENCE – Exterran Holdings, Inc. – slide 28
    Results - Exterran Financial Results Summary 1 ( in millions) 1Q 09 2Q 09 3Q 09 4Q 09 1Q 10 2Q 10 3Q 10 4Q10 1Q11 2Q11 Revenues North America Contract Operations 194.4 178.5 167.6 154.9 152.6 152.0 152.0 151.4 151.1 150.8…
  29. JOHNSON RICE ENERGY CONFERENCE – Exterran Holdings, Inc. – slide 29
    Non-GAAP Financial Measures EBITDA, as adjusted, a non-GAAP measure, is defined as income (loss) from continuing operations plus income taxes, interest expense (including debt extinguishment costs and gain or loss on termination of…
  30. JOHNSON RICE ENERGY CONFERENCE – Exterran Holdings, Inc. – slide 30
    Non-GAAP Financial Measures (cont.)1 Three Months Ended March 31, June 30, Sept. 30, Dec. 31, March 31, June 30, Sept. 30, Dec. 31, March 31, June 30, ( millions) 2009 2009 2009 2009 2010 2010 2010 2010 2011 2011 Income (loss) from…
  31. JOHNSON RICE ENERGY CONFERENCE – Exterran Holdings, Inc. – slide 31
    Non-GAAP Financial Measures (cont.)1,2 Year Ended December 31, ( millions) 2006 2007 2008 2009 2010 Reconciliation of GAAP to Non-GAAP Financial Information: Income (loss) from continuing operations 60.7 (3.8) (981.8) (249.2)…
  32. JOHNSON RICE ENERGY CONFERENCE – Exterran Holdings, Inc. – slide 32
    32

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