CSI Compressco LP Overview CSI Compressco LP (NASDAQ: CCLP) NASDAQ: CCLP 49 years of growth supporting oil and gas industry Recent Unit Price [1] 5.75 1.1M Hp in service fleet with 0.9M Hp operating (84.2% utilization as Market…
Served Markets Gas Supply Chain Percentage of Revenue and Gross Profit by Product Line Q1 2018 Actuals CSI Compressco is a Compression Solutions provider Focused on E&P and Midstream Companies in the Revenue 16% Gross Profit Major…
Served Markets Macro Outlook Evolving market conditions driving increased compression demand Technology and efficiency enhancements generating higher volumes per well Associated gas volumes driving record production levels and…
Focused on Most Prolific Producing Basins in USA 4% Bakken 11% 33% Niobrara Utica 20% Marcellus Woodford SCOOP/Stack 11% Monterey 21% San Juan Barnett Haynesville HP Distribution by CCLP Region as of 3/31/18 Permian &…
Served Markets The Gas Value Chain Since 1971 CCLP has delivered over 5.1M HP to these markets Sizes for Solutions Compression Services offerings from 20-2,500HP from wellhead, gas lift and gas gathering applications. New…
Served Markets Growth Strategic focus on key shale oil plays of the Permian/Delaware, Eagle Ford and SCOOP/STACK where 75% of our assets are located Total Fleet HP Utilization Trend 1,200 86.0% Six consecutive quarters of improved…
Diversified, Blue-Chip Customer Base E&P and Midstream Companies Major customers COMPRESSION SOLUTIONS Compression Services in gas applications across multiple basins New Equipment Sales available for customers that own their…
Compression Services Increased Growth Strategic partnerships and customized 20 to 2,500HP size solutions to grow market share range Customer demand growing throughout 89% of operating fleet is full range of equipment from…
New Unit Sales Increased Growth With the largest compression fabrication facility in the Permian Basin, located in Midland, Texas, our vertically integrated business model is highly capital efficient Our growth strategy: Increasing…
Aftermarket Services Increased Growth Implementation of strategies that increase our share of Aftermarket Services and Parts Market Drivers and Growth Strategy: Accelerating Revenue Growth Growing customer installed base Deferred…
Connected Enterprise Business Strategy Model SALES OPPORTUNITY Automation and efficiency gains REPORTING AND INVOICING CONFIGURE, PRICE AND QUOTE lead to 4M in yearly savings Operational Excellence Maximize efficiencies by…
S U C C E S S S T O R Y : Improving returns on capital: repurposing GasJacks to replace more costly compressors for enhanced crude oil production in unconventional plays C H A L L E N G E S T R AT E G Y R E S U LT S E&P customer in…
S U C C E S S S T O R Y : Surface gas lift compression with small HP units displacing ESPs creating new revenue stream and opportunity C H A L L E N G E S T R AT E G Y R E S U LT S Customer began testing gas lift on new Partner with…
S U C C E S S S T O R Y : Delivering customer-specific solutions by combining gas lift and field gathering compression in high volume associated gas plays C H A L L E N G E S T R AT E G Y R E S U LT S Design compression sites for a…
S U C C E S S S T O R Y : New Unit sales opportunities driven by midstream infrastructure build-out in the Permian Basin C H A L L E N G E S T R AT E G Y R E S U LT S Major Permian Basin midstream player Leverage our major…
Financial 18
Financial Summary Well positioned to capitalize on the growing compression market Actual Guidance Key Financial Drivers s in M 2016 2017 2018 Increasing pricing up to 15% Revenue 311 296 385 - 400 Intent to add 115,000HP to the…
Balance Sheet Balance Sheet Debt Maturity 100M of cash available for 400 capital investments targeted at 350 ROIC 20% 296M, 7.25% unsecured notes 300 due 2022 250 In Millions 350M 7.5% senior secured 200 notes due 2025…
Capital Allocation Leverage goal of 4.5x peak cycle and 5.75x at the valley Projecting 5.2x-5.4x at year-end 2018 based on Q4 run rate adjusted EBITDA (1) Targeting ROIC for new investments at 20%, or higher Aftermarket and…
Perspectives Beyond 2018 Investing in high return projects, outgrowing the market and de-leveraging Market expected to grow 6-7% per year. CCLP poised to invest and grow above these levels Targeting ROIC target of 20% or higher on…
Key Message Committed to Efficient Capital Allocation Directing capital towards contract compression producing predictable and consistent returns Positioned for Profitable Growth With Stronger ROIC Focused on the shale plays…
SUMMARY Compression Solutions Largest vertically integrated supplier Compression Services Approximately 75% of HP concentrated in the most prolific producing basins New Equipment Large scale fabrication facility is located in the…
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Appendix Reconciliation Tables 26
Non-GAAP Reconciliation Adjusted EBITDA Reconciliation (IN Millions) 2015 2016 2017 2015-2017 Period 2018 LE 2018 HE 2018 MP Net Loss (146.6) (138.1) (40.5) (325.2) (36.9) (37.4) (37.2) Interest expense, net 35.0 38.1 43.1 116.2 52.0…
Non-GAAP Reconciliation Free Cash Flow Reconciliation (IN Millions) 2015 2016 2017 2015-2017 Period CSI Compressco Cash from operations 101.9 61.5 39.0 202.4 Capital Expenditures, net of sales proceeds (95.3) (10.7) (25.1)…
Non-GAAP Reconciliation (thousands, except per share amounts) Market Capitalization: CCLP Market price per unit on 5/7/2018 5.75 Shares outstanding as of 5/8/2018 40,548 Market Capitalization 233,151 Enterprise Value: CCLP…
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