Corporate Profiles Listing and Ticker Symbol NYSE: TTI NASDAQ: CCLP Recent Share Price(1) 2.31 4.22 Market Capitalization(1) 290.4M 192.8M Enterprise Value(1) 481M 868M Number of Shares/ 125.7M 44.8M Units Outstanding(2)…
Highlights Committed to Efficient Capital Allocation Divested operations not generating consistent and predictable free cash flow Directing capital towards quick payback shale services and predictable and consistent contract…
Business Segments Focused on high growth, higher margin segments Water & Flowback Services Completion Fluids & Products Compression Differentiated offerings Industry leaders, 30% market Wide range of HP to address for produced…
Recent Events Third Quarter 2018 Financial Performance All segments generating 20% adjusted EBITDA margins Compression revenue up 15% sequentially, adjusted EBITDA margins of 21.3% Water & Flowback Services revenue down 6%…
Strategy on a Page Completion Water & Flowback Compression Fluids & Products Services* Market Size Est 1B 9B 3B(1) Leverage vertical integration, new unit Leverage innovation, vertical Leverage differentiated offerings in sales…
Water & Flowback Services 9
Water & Flowback Services SwiftWater acquisition, integrated water solutions and high ROIC investments Revenue (M) Key Financial Drivers 100 1,500 84 79 80 1,200 61 61 60 900 SwiftWater performing above acquisition guidance of…
TETRAs Integrated Water Solutions Post Job Full Offering Treatment Water for Frac Services Only no asset ownership Transfer Re-use No Offering Fresh Pre-Frac Water Flowback/ Fluids Final Water Treatment & Frac Job…
CBFs Applications 1.1 Billion Completion & Workover Fluid Density (well control) Casing and reservoir friendly Market Packer Fluid Maintains well hydrostatic pressure Requires temperature stability and low corrosion 30%+…
Unique Position to Exploit Global Market Opportunities Preferred supplier agreements for completion fluids Exposure to large-scale, multi-year/service projects Leveraging global infrastructure and commercial organizations…
TETRA Chemicals Highlights Industrial market growth during the downturn helped offset energy market decline Low annual maintenance CapEx Currently operating at 60% of capacity with room to grow at no incremental investment…
18
Financial Summary 4M sequential Adjusted EBITDA (1,2) growth in 2018 Well positioned to capitalize on the growing compression market Revenue (M) Key Financial Drivers Guidance of 150 125 - 135 M 120 100 115 Increasing pricing up to…
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…
Focused on Most Prolific Producing Basins in USA 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 5.2M HP to these markets Sizes for Solutions Compression Services offerings from 20-2,500HP from wellhead, gas lift and gas gathering applications. New…
Connected Enterprise Business Strategy Model SALES OPPORTUNITY Automation and efficiency REPORTING AND INVOICING CONFIGURE, PRICE AND QUOTE delivering 4M in yearly savings Operational Excellence Maximize efficiencies by…
Financial 24
Financial Overview 2018 Guidance 2018 Adjusted EBITDA reflects lack of CS Neptune and significant deepwater activity Guidance Key Financial Drivers s in M 2014 2015 2016 2017 2018 High utilization of all assets in the shale play…
Two Distinct & Separate Capital Structures TETRA Only CSI Compressco Only Ample liquidity to capitalize on No near-term maturities acquisitions and growth capital 296M, 7.25% unsecured notes due 2022 opportunities 350M 7.5% senior…
Capital Allocation Considerations TETRA Focused on high return and quick payback Water & Flowback Services Will evaluate additional tuck-in acquisitions at attractive valuations Fluids network fully developed and built out requiring…
Appendix Reconciliation Tables 28
Market Capitalization and Enterprise Values (thousands, except per share amounts) (thousands, except per share amounts) Market Capitalization: TTI Market Capitalization: CCLP Market price per share on 11/29/2018 2.31 Market price per…
Non-GAAP Reconciliation TTI Continued Operations - Adjusted EBITDA Reconciliation '( in Millions) 2018(Mid- 2014 2015 2016 2017 2018(Low ) 2018(High) point) Income (Loss) Before Taxes (60.5) (197.7) (223.2) (44.0) (53.1) (45.1)…
Non-GAAP Reconciliation TTI Only Free Cash Flow Reconciliation Q3-18 TTI Consolidated Cash from operations 13.8 ARO Settlements - Capital Expenditures, net of sales proceeds (39.2) Free Cash Flow before ARO settlements (25.4)…
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