Tetra Technologies, Inc. · NYSE:TTI
Tetra Technologies — Investor Presentation (May 2010)
16 slides from Tetra Technologies's investor presentation, May 11, 2010
Slide 1: TETRA Investor Presentation May 2010
TETRA Investor Presentation May, 2010 Focused on Energy. Dedicated to Service.
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation includes certain statements that are or may be deemed to be forwarc-looking statements. Generally, the use ofwords such as “may,” “will,” “expect,” “intend,” “estimate,” “projects,” “anticipate,” “believe,” “assume,” “could,”*should,”*plans,” targets” or
Slide 3: Company Overview
Company Overview TETRA is a geographically diversified oil and gas services company focused on completion fluids and other products, production testing, wellhead compression, and selected offshore services including well plugging and abandonment, decommissioning, and diving, with a concentrated dome
Slide 4: Segment Overview: Fluids
\ ( Segment Overview: Fluids » The Fluids Division is a global, vertically integrated calcium chloride producer and is also a significant producer of bromine compounds; vertical integration yields higher margins and security of supply. » Much of the Fluids Division's business is related to workovers
Slide 5: Segment Overview: Offshore Services
Segment Overview: Offshore Services The Offshore Services segment provides well plug and abandonment, diving, heavy lift, cutting and wireline services, primarily in the Gulf of Mexico. It is a comprehensive provider of abandonment and decommissioning services, and a market innovator. Offshore Servi
Slide 6: Segment Overview: Maritech
Segment Overview: Maritech » Maritechis an oil and gas exploration and production company operating primarily in the GOM shelf and inland waters. Integration of Maritech with the Offshore Services segment provides a unique approach to the E&P market. Maritech is focused primarily on cash flow genera
Slide 7: Segment Overview: Production Testing
Segment Overview: Production Testing » The Production Testing segment provides flow back pressure and volume testing of onshore and offshore oil and gas wells, providing reservoir data necessary to enable operators to optimize production and minimize reservoir damage. It also provides early life pro
Slide 8: Segment Overview: Compressco
Segment Overview: Compressco Compressco provides wellhead compression-based production enhancement services to a broad base of customers throughout much of the U.S. as well as in Canada, Mexico, South America, Europe, Asia and other international locations. Compressco manufactures and designs GasJac
Slide 9: Key Strategies: Optimizing Strengths in a Difficult Environment
Key Strategies: Optimizing Strengths in a Difficult Environment International Growth is a key focus of our service segments. The Fluids Division expects to focus on capturing a fair share of deepwater markets in the GOM and Brazil, and optimizing utilization of the El Dorado calcium chloride plant.
Slide 10: 2010 Guidance Highlights
2010 Guidance Highlights » Fluids Division — Midrange guidance of $330 million in revenues and $50 million PBT. — Anticipation of an improved 2010 performance is driven by: + expected increase in demand for GOM deepwater services + anincreasein activity in Brazil, and * positive impact from El Dorad
Slide 11: 2010 Guidance Highlights
2010 Guidance Highlights >» Maritech Midrange guidance of $210 million in revenues and $22 million PBT. — 2010 production is expected to average 50 to 55 MMcfe/day. — We will continue our strategy of aggressively reducing Maritech’s abandonment and decommissioning liabilities in the GOM. » Productio
Slide 12: 2010 Guidance Highlights
2010 Guidance Highlights » Consolidated Guidance — Our 2010 earnings estimate is $0.85 to $1.05 per fully diluted share, before discontinued operations. ~— Capital constraints and other spending controls implemented during 2009 will carry-over into 2010 and provide continuing advantages. ~ Continued
Slide 13: 2010 Estimated Segment Summary
2010 Estimated Segment Summary") Based on the Midpoint of the January 5 Guidance Range Revenue Profit Before Tax $Millions $Millions $55.5 @ Fluids m Offshore Services ™Maritech mm Production Enhancement © Revenue is before intercompany eliminations. Profit Before Tax excludes corporate overhead and
Slide 14: Conclusions
Conclusions In 2010, although we will continue to focus on cash flow generation and cost containment, a strong balance sheet and improved business outlook should allow us to pursue more aggressive growth strategies. 2010is expected to be a better year for the Fluids Division, due to: + anticipatedin
Slide 15: Appendix A: 2010 Guidance as announced on January 5, 2010
Appendix A 2010 Guidance as announced on January 5, 2010 DIMSIONAL ESTIMATES (continuing operations) (@ miions) Profit Before Revenues Tax{PBT) __Cash Capex") Fluids Division $3200-3400 __ $465-535 $210 Offshore Services $305.0-3350 $520-59.0 $220 Maritech $200.0-2200 — $19.0-250 $60 ° Intersegment
Slide 16: TETRA Corporate Headquarters and Management Contacts
TETRA TTI i [Listed | TETRA Technologies, Inc. NYSE Corporate Headquarters Management Contacts 24955 Interstate 45 North Stu Brightman President& CEO The Woodlands, TX 77380 Joe Abell Sr. Vice President & CFO Phone: 281.367.1983 www.etratec.com
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