Tetra Technologies, Inc. · NYSE:TTI
Tetra Technologies — Investor Presentation (November 2010)
28 slides from Tetra Technologies's investor presentation, Nov 9, 2010
Slide 1: Investor Presentation
Exhibit 99.1 Investor Presentation
Slide 2: Forward-Looking Statements and Non-GAAP Measures
eee pty Ae aecdat an Measures Forward-Looking Statements: Ths pesniaton ines cain atement nat re maybe dared be foarcoking aatmets.Ceeraly he ve of wate ich as “may “should “plans, “targets or similar ex srasoratcney be ements Intend to be in in the safe nat ns include statements conceming the poten
Slide 3: Market Data
Market Data hs >» Exchange: NYSE 1g for > Avg. 75.5 million > Market Capitalization: $721 million* > Enterprise Value”: $955 million* > 3-Month Average Daily Trading Volume: 1.0 million shares’ *As of November 1, 2010
Slide 4: Oil and gas service company overview
gas service company F ana > Involved in: Completion Services roduci (Fluids) mo < Steen ee ompletion fluids and Production testing an and wellhead compression services. engineering services for onshore & offshore customers Late-Life Services (Offshore Services) Offshore and subsea well services focu
Slide 5: Strategy and Long-Term Objectives
Strategy ong m Objectives x TETRA producing regions of the world > Completion Services (Fluids) » Production Enhancement Services Completion Services strategy
Slide 6: Fluids, Testing & Compressco
Fluids, Testing & Compressco Revenui e (1)
Slide 7: Fluids Division Overview
Fluids D Overview fr va He value fluids franchise effectively mpeting against SLB, HAL & BHI > Alow-cost provider of high-end CBFs markets > Control manufacturing chain > Long-term bromine supply agreement > p markets with more complex wells > Increasing our i handling and treatment services , issio
Slide 8: Fluids Revenues and Rig Count
Fluids Revenues and Rig Count Pik TETRA $80 370 $60 4 . & sso 3 = $40 ca i | $20 = s ° ee FOE SB rds onion Reve —taggess Rg count ended, lg count source: Baker Hughes, Total US. ig count has ben shied
Slide 9: Offshore Services Overview
Offshore Services Overview Ph TETRA > Extensive suite of decommissioning and abandonment capabilities > Aleading proven of mid-to-late-life well services in t > Integrated suite pe - Heavy lift, well an ore cutting and wireline services > Event-driven demand marine construction companies Sources: OC
Slide 10: Offshore Services Revenues and P&A Demand
Offshore Services Revenues and P&A Demand = Offshore Services Revenues and GOM Structures Removed Industry-Wide" >» Fewer than 200 structures are removed year Smilions least 16 years” & FSS ES SF smsRevenues ——GOM Structures Removed Source: BOEMRE, BOENRE industry data may be understaedin 20,2010 an
Slide 11: Maritech Overview
Maritech Overview Ph TETRA > Proved reserves at 12/31/2009: Oil 7.1 MMBbls Gas 33.5 Bet Total 12.7 MMBble (76.1 Bcfe) > 2010Y ig ily p i Oil 3.6 MBbis/day Gas 19.2 MMcfiday Total 7.1 MBble/day (42.8 MMcfe/day) ¥ jo: 4.9 y waters of Louisiana r ite iabiliti Ofsnore Services segment
Slide 12: Production Enhancement Division
Pro in Enhancement D ion x TETRA > Production Testing segment : , ' (1) global footprint > Expanding capabilities >» Compressco Source: Company estimate
Slide 13: Production Testing Revenues and U.S. Land Rig Count
pls Production Testing Revenues U.S. Land Rig Count” aaa n 2a ike EERE REERE EE i EERE EEEE EE | BRRBRRARRERESE ea aaae 8 of OO iN ee gy i
Slide 14: Compressco Revenues
Compressco Revenues Pik TETRA Compressco Revenues $25 4 $20 | § sts é $10 7 ss 4 $0 © LES FLEES EEPS = Compressco Revenues LT :
Slide 15: Strategic Catalysts
Strategic Catalysts x TETRA > Onshore Fluids and Production Testing growth driven by iI lations inv North’ ; Hale bl 'y >R ti leti long-term > Tightening reguetory Saat and efforeementi in GOM are favorable for ou > H faci dcetrict > fact I: > mae aa spending tends to be Pees to enhancing briopes ar
Slide 16: Future Milestones
Future Milestones hs TETRA >» Completion Services (Fluids ) completion fluids business - aggressively reduce P&A liability other areas PI
Slide 17: Consolidated Financials
Consolidated Financials F hd TETRA $1,000 $milions st Do se og wk ot Revenues «Cash from Operating Activities
Slide 18: Net Debt and Net Debt/TTM EBITDA
o£ £ £ S$ e s e © ‘==NetDebt —~NetDebi/Trailing Twelve Month EBITDA debt and EBITDA are non-GAAP fnanialmessures that ar reconcledto the nearest GAAP fancia measuesin the Franca Data Appendixto this presentation. 18
Slide 19: First Nine Months 2010 Segment Results
First Nine Months 2010 Segment Results fr Revenue” Profit Before Tax” $Millions $Millions 00 Excludes intercompany revonues of 51.3 milionin Osbore Sevices segment prot before (ax excludes $40 4 millon of corporate overad and Martech rota los of $4 8 millon DEDICATED 10 SERVICE A? 19
Slide 20: Peer Net Income Margin Comparison
7.1% “14.5% " Source: SEC Flings and publicly avalabe information Net income Margin = Net income (oss) divided by Revenues fr 2000 2»
Slide 21: Peer Return on Equity Comparison
15.4% v & £ FF E ‘Sours: SEC Flings and publicly aval information Feturon Equity 2009 Net Income 55) dod by YE Stockholders Equity 2
Slide 22: TETRA
TETRA as of 9/30/2010"
Slide 23: Trailing Twelve Month EPS
i, © TETRA diame Twelve Month EPS s of 9/30/2010 at 269 20.0 ++ iia 2 oe 48 8 -20.0 + -40.0 + -60.0 = -80.0 Ta. & 2S \ > o $$ ¢ €& S&S F&F $F SF F E
Slide 24: Financial Data Appendix
Financial Data Appendix (thousands, except per sh wot Contazations ot uaa Stock ree per share on 11/1/2010 atari sa pease cious Market Capitaliza Enterprise Value as of SU t10 heed one ane eb Enterprise value 4s, m0.n9 ee)
Slide 25: Financial Data Appendix
Financial Data Appendix (5 thousands) « bt components as of 9/30/2010 _ 6/30/2010 _3/31/2010 12/31/2009 4/20/2009 3/31/21 F sons F DOAN? -§ S07700 SIOIGTS astaa 3 399100 8 tea S157 2u508 14,105 roxas ee) czahs epee Tats a) _1aaio__ 25330 Baas F 2990 SABES Mere Swen F SresTe Sate Isr ani et_sifen_Gpi
Slide 26: Financial Data Appendix
Financial Data Appendix (5 thovsonds) 2009 Net income Margin"? For the 12/31/2008: Nos__we x, son on o's ova__mix tev $67,796 $ 490275 $ LOTR $ 1449300 5 1872081 § 2108250 § 629582 5 1A6187 Netincome 11p15_"_@o573) (sez) (102323) 188353 50.114 76.627 ‘on g67 2009 Net income Margin 1628 428 ~—~OCIMSK
Slide 27: Financial Data Appendix
Financial Data Appendix [eoanonean ™ Nos NR KG SN ow ove tetincomaf 3 on idd 12/2109 25805 1,703 1s sei) aiees0) ease Sosa aco com tor 3 mes ended 9/30/10 19157 ___5)059_26856 (3088) 78808 152937 _124066 (613,467), rat necncome sauce force tea Fhe S aoeea Same Pome Coan DORA‘ 3 ms ended 122108 es ta
Slide 28: Contact
seis Stuart M. Brightm: sident & Chief Executive Officer Locsph M. Abell; St vee Przoident & Chief Financial Officer 181/367-198 Fax 2e1ee-o4s www.tetratec.
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