CSI Compressco Overview CSI Compressco LP (NASDAQ: CCLP) 40+ years of growth supporting oil and gas industry 1.2M HP in service fleet with 1.0M HP operating, 87.2% utilization as of March 31, 2019 TETRA Technologies, Inc. (NYSE:…
Recent Highlights On May 8, 2019, reaffirmed guidance of 490M-520M of revenue and 125M- 140M of adjusted EBITDA for 2019 Continued improvements in Compression Services revenues and margins Compression services gross margins in the…
U.S. Gas Macro Gathering and Lift Dry Natural Gas Production By Type Electricity Generation From Selected Fuels trillion cubic feet billion kilowatt-hours 2018 60 6,000 2018 history projections history projections 50 5,000…
Unique Industry Business Model Largest vertically integrated company in our space that competes in all phases of the compression market 2018 Revenue Compression Services 16% 2018 Revenue of 230M 340 bps YoY Utilization Improvement…
Growth from all Phases Gas Lift replacing ESPs Gas Gathering Late Life Lift for Unconventionals 50% of low HP Demand directed to unconventionals 40% of high HP Demand 60% of high HP Demand 2019 CSI Compressco LP 7
Compression Services Increased Growth 20 to 2,500HP size range supporting all compression needs 90% of operating fleet HP is reciprocating and rotary screw compression 51% of operating fleet is large HP category (1,000HP) 11%…
Focused on Most Prolific Producing Basins in USA Strategic focus on key shale oil plays of the Permian/Delaware, Eagle Ford and SCOOP/STACK where 75% of our assets by HP are located, with customers with strong balance sheets 6% 9%…
Served Markets - Growth Current HP Deployed (By HP Size) Deployed HP & Utilization Trends 1,050 100% 66% Utilization 1,000 95% 11% 96% Utilization 1,000 HP 950 90% Deployed HP Utilization 101-1,000 HP 900 85% 0-100…
Displacing ESPs As Best Artificial Lift Method in Shale 60% of high HP demand coming from liquid gas lift replacing ESPs No impact from Sand and Solids in the production stream No costly electrical infrastructure required…
Single and Multi-Well Gas Lift Compression Demand is Increasing Displacing ESPs As Best Artificial Lift Method in Shale CHALLENGE Reliability in Shale Formations Sand, Solids and Associated Gas Volumes Costly Electric Infrastructure…
New Unit and After Market Service Offerings Largest compression fabrication facility in the Permian Basin Integrated business model is highly capital efficient generating positive working capital with no new capital required for…
Connected Enterprise Business Strategy Model SALES OPPORTUNITY Automation and efficiency created REPORTING AND INVOICING CONFIGURE, PRICE AND QUOTE savings of over 4M per year Maximize efficiencies by focusing on customers and…
Financial Overview 2019 CSI Compressco LP 15
Annual Trends Well Revenue positioned toadjusted and capitalizeEBITDA on the growing compression improving on strongermarket market environment Revenue (M) Guidance (M)(4) 600 505 500 458 439 Low End High End 400 Mid-Point 311…
Quarterly Trends Well positioned Compressionto capitalize and relatedonservices the growing compression continues market each quarter to get stronger Revenue (M) Key Financial Drivers 150 138 115 120 83 85 100 103…
Generating Significant Free Cash Flow (3) Mid-point of 2019 Guidance Millions Generating significant Free Cash Flow Adjusted EBITDA 133 to invest or return to stakeholders Less: Moving towards a 50-50 split of free Cash interest…
Balance Sheet No near-term maturities Debt Maturity o 296M, 7.25% unsecured notes due 2022 400 o S&P Rating CCC+, Moodys Rating Caa2 350 o 350M 7.5% senior secured notes due 2025 300 o S&P Rating B+, Moodys Rating B1 No…
Appendix Reconciliation and Other Financial Data Tables 2019 CSI Compressco LP 20
Non-GAAP Reconciliation CSI Compressco - Adjusted EBITDA Reconciliation (In Millions) 2015 2016 2017 2018 TTINet Consolidated Loss (146.6) (138.1) (40.5) (37.0) Interest expense, net 35.0 38.1 43.1 52.6 Provision of income taxes…
Non-GAAP Reconciliation 2019 Guidance CSI Compressco - Adjusted EBITDA & Distributable Cash Flow Reconciliation (1) (In Millions) 2019(Mid- 2019 (Low ) 2019(High) Point) Net Loss (6.9) 3.0 (2.0) Interest expense, net 52.5 52.5…
Market Capitalization (thousands, except per share amounts) Market Capitalization: CCLP Market price per unit on 06/14/2019 3.28 Shares outstanding as of 05/07/2019 47,066 Market Capitalization 154,376 Enterprise Value: CCLP…
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