1Q 2019 Earnings Presentation – Exterran Corporation
Exterran Corporation ·
May 2, 2019 · 19 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
Financial Highlights EBITDA, as adjusted(1) for 1Q19 of $50.2 million, with EBITDA, as adjusted margin of 14% © 2019 Exterran Corporation. All rights reserved. 3 Book to bill within Product Sales was 0.4x for 1Q19, a slow start to the…
Middle East Projects ? Large Iraq project progressing well ? Strong operating performance on existing plants ? Solid returns and cash flow from new projects EWS Commercial Win ? First U.S. ECO win for EWS ? Several other…
1Q 2019 Revenue Mix © 2019 Exterran Corporation. All rights reserved. 5 (1) See appendix for detailed reconciliation of Total Gross Margin. Contract Operations 24% Aftermarket 8% Product Sales 68% Revenue by Segment North…
2019 Strategic Priorities © 2019 Exterran Corporation. All rights reserved. 6 Execute large ECO wins and grow ECO backlog Build out North American service business Scale our EWS business globally Drive new product development to…
North America © 2019 Exterran Corporation. All rights reserved. 8 ? The U.S. remains one of our most robust markets given the demand for compression and processing and treating facilities. ? Significant natural gas growth over next…
Latin America © 2019 Exterran Corporation. All rights reserved. 9 ? Argentina - Vaca Muerta continuing momentum with additional opportunities to put assets to work in the country. ? Brazil – IOC investments are a leading indicator…
Middle East/Africa © 2019 Exterran Corporation. All rights reserved. 10 ? Robust region for EXTN with the largest capital growth opportunities internationally. ? Oman – demand across product lines strong, including EWS. ? Kuwait –…
Asia Pacific © 2019 Exterran Corporation. All rights reserved. 11 ? FPSO market is showing signs of resurgence. ? Regional expertise is an advantage in upcoming AMS opportunities, specifically around FPSO upgrades. ? LNG demand in…
Exterran Contract Operations (ECO) © 2019 Exterran Corporation. All rights reserved. 13 ? Revenue was down 3% sequentially and margin rate was down 318 bps ? Margin rate declined to more normalized levels, as expected ? ECO Backlog…
Aftermarket Services (AMS) © 2019 Exterran Corporation. All rights reserved. 14 ? Revenue was down 15% sequentially while margin rate increased 190 bps ? Seasonal impact to parts sales drove revenue decline ? Focus on core business as…
Product Sales © 2019 Exterran Corporation. All rights reserved. 15 ? Revenue was up 13% with margin rate down 44 bps ? Negative mix drove the margin rate slightly lower ? Backlog for the quarter ended at $554 million Revenue ($MM)…
Debt and Liquidity © 2019 Exterran Corporation. All rights reserved. 16 Capital Discipline Focused on Driving Shareholder Value $65 $375 2019 2020 2021 2022 2023 2024 2025 Debt Maturity Schedule ($MM) ? Revolving Credit Facility…
2Q 2019 Outlook © 2019 Exterran Corporation. All rights reserved. 17 Focusing on Oil, Gas, Water And Power Continued Operational Focus to Drive Solid Results 2Q19 Contract Operations 2Q19 Aftermarket 2Q19 Product Sales ? Revenue…
Non-GAAP Financial Measures © 2019 Exterran Corporation. All rights reserved. 20 EBITDA, as adjusted and EBITDA, as adjusted Margin Reconciliation ($ in thousands) Q1-2019 Net loss $ (5,394) Income from discontinued operations, net…
Non-GAAP Financial Measures © 2019 Exterran Corporation. All rights reserved. 21 Gross Margin Reconciliation ($ in thousands) Q1-2018 Q4-2018 Q1-2019 Income before income taxes $ 9,430 $ 11,092 $ 3,583 Selling, general and…
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