CSI Compressco Overview CSI Compressco LP (NASDAQ: CCLP) NASDAQ: CCLP 49 years of growth supporting oil and gas industry Recent Unit Price [1] 4.30 1.1M Hp in service fleet with 0.96M Hp operating (86.3% utilization as of Market…
Recent Accomplishments & Highlights Q3 2018 Results & Accomplishments Q4 Guidance(1) and Near-term Expectations Adjusted EBITDA increased(1) to 26.5 million from Q4 EBITDA expected to grow sequentially 10-17%, 23.3 million in the…
Served Markets Gas Supply Chain Percentage of Revenue and Gross Profit by Product Line Q3 2018 Actuals We are a Compression Solutions provider focused on E&P and Midstream Companies in the major Revenue 17% Gross Profit associated…
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 demand…
Focused on Most Prolific Producing Basins in U.S. 5% Bakken 9% 34% Niobrara Utica 22% Marcellus Woodford SCOOP/Stack 11% Monterey 19% San Juan Barnett Haynesville HP Distribution by CCLP Region as of 9/30/2018 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 Eight consecutive quarters of improved 1,200 88%…
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 90% of operating fleet HP 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 Previously…
Connected Enterprise Business Strategy Model SALES OPPORTUNITY Automation and efficiency REPORTING AND INVOICING CONFIGURE, PRICE AND QUOTE delivering 4M of yearly savings Operational Excellence Maximize efficiencies by…
Financial and Closing Comments 15
Financial Summary 4M sequential Adjusted EBITDA (1) growth in 2018 Well positioned to capitalize on the growing compression market Revenue (In Millions) Key Financial Drivers Guidance of 150 125 - 135 M 120 100 115 Increasing…
Balance Sheet Balance Sheet as of 9.30.2018 Debt Maturity No near-term maturities 400 296 million, 7.25% 350 unsecured notes due 2022 300 350 million 7.5% senior 250 In Millions secured notes due 2025 200 No…
Perspectives Beyond 2018 Leverage goal of 4.5x peak cycle and 5.75x at the valley Projecting 5.1x-5.5x at year-end 2018 based on Q4 run rate adjusted EBITDA Targeting new investments with ROIC of 20% or higher Aftermarket and…
Key Message Committed to Efficient Capital Allocation Directing capital towards contract compression producing predictable and consistent returns but only for projects with ROIC of over 20% Positioned for Profitable Growth With…
SUMMARY Compression Solutions We are the largest vertically integrated supplier Compression Services Approximately 75% of HP is concentrated in the most prolific producing basins New Equipment Our large scale fabrication facility is…
Appendix Success Stories 21
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…
Appendix Reconciliation and Other Financial Data Tables 26
Other Financial Data (thousands, except per share amounts) Market Capitalization: CCLP Market price per unit on 11/29/2018 4.30 Shares outstanding as of 11/8/2018 44,846 Market Capitalization 192,838 Enterprise Value: CCLP…
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