Company Update February 2, 2021 2021 TETRA Technologies, Inc. 1
Cautionary Statement Regarding Preliminary Financial Information Cautionary Statement Regarding Preliminary Financial Information The Company has prepared the preliminary financial information set forth above on a materially consistent…
Agenda CSI Compressco Deconsolidation Transaction TETRA Fourth Quarter Preliminary Financial Results TETRA Stand Alone Historical Results ESG Growth Opportunities Go Forward Strategy 2021 TETRA Technologies, Inc. 4
Deconsolidation of CSI Compressco Strategic Rationale Transaction Highlights TETRAs shareholder value obscured by Cash proceeds of 30.7M consolidating CCLPs debt Sold GP interest, IDRs and 10.95M of LP TETRA credit metrics and free…
Fourth Quarter Highlights Completion Fluids & Products adjusted EBITDA margins 32% Rebound from Q3-2020 hurricanes in the Gulf of Mexico Consistent strong performance from industrial chemicals Highest margins without the benefit of…
Preliminary Fourth Quarter 2020 Results Mid-Point of Q4 millions Q3 2020 2020 Pre- % Change Announcement1 Revenue Completion Fluids and Products 52.0 44.1 -15% Water & Flowback Services 21.5 31.3 45% Total 73.4 75.4 3%…
Relative Performance to Peers Pandemic Performance (Q2+Q3) Adjusted EBITDA(1) (M) 25 20 20 16 16 Diversity of TETRAs market exposure (industrial, 15 offshore and international) provides financial stability during North America…
Historical TETRA Only Financial Results 2020 By Quarter, Actual & Preliminary Q4-2020 2020 Actual millions Mid-Point of Q4 2020 Pre- Q1 Q2 Q3 Announcement1 Revenue Completion Fluids and Products 75.2 71.3 52.0 44.1 Water &…
Historical TETRA Only Financial Results Actual 2018, 2019, TTM Q3-2020 And Preliminary 2020 millions Twelve Months Ended millions Twelve Months Ended 2018 2019 TTM Q3-20 2020 (a) 2018 2019 TTM Q3-20 Revenue Cash Flow Completion…
Debt and Leverage Debt Balances as of 12/31/2020 and Maturities 400 No near-term maturities 350 300 250 214 M In Millions 200 No ABL borrowings Minimal maintenance covenants 150 outstanding as of 12.31.2020 100 50…
ESG Growth Opportunities Key Mineral Resources Low Carbon Energy 27,000 acres of brine leases in Arkansas with Recent development for carbon capture inferred lithium carbonate equivalent resources of technology requires large…
TETRA Go Forward Strategy Build on core competency of fluids and aqueous chemistry Industry leading position on high value completion fluids Vertically Integrated chemicals business participating in multiple industry segments Market…
Appendix 2021 TETRA Technologies, Inc. 14
Schedule A: Non-GAAP Reconciliation of TETRA Net Debt September 30, 2020 TETRA (In Millions) Non-restricted cash 58.5 Carrying value of long-term debt: Term Credit Agreement 206.3 Net debt 147.8 2021 TETRA Technologies,…
2018 & 2019 Non-GAAP Adjusted EBITDA Reconciliation to GAAP Twelve Months Ended Dec. 31, 2018 Income Adjusted (loss) Before Impairments Income Interest Equity Tax, As & Special (Loss) Expense, Depreciation & Comp. Adjusted…
Non-GAAP Adjusted EBITDA Reconciliation to GAAP Three Months Ended Mar. 31, 2020 Income Adjusted (loss) Before Impairments Income Interest Equity Tax, As & Special (Loss) Expense, Depreciation & Comp. Adjusted Reported Charges…
Non-GAAP Adjusted EBITDA Reconciliation to GAAP Three Months Ended Sep. 30, 2020 Income Adjusted (loss) Before Impairments Income Interest Equity Tax, As & Special (Loss) Expense, Depreciation & Comp. Adjusted Reported Charges…
Non-GAAP Adjusted EBITDA Reconciliation to GAAP Twelve Months Ended Sep. 30, 2020 Income Adjusted (loss) Before Impairments Income Interest Equity Tax, As & Special (Loss) Expense, Depreciation & Comp. Adjusted Reported Charges…
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