Tetra Technologies, Inc. · NYSE:TTI
Tetra Technologies — Jefferies Global Energy Conference (December 2010)
32 slides from Tetra Technologies's conference presentation, Dec 1, 2010
Slide 1: Jefferies Global Energy Conference
Exhibit 99.41 Jefferies Global Energy Conference
Slide 2: Forward-Looking Statements and Non-GAAP Financial Measures
Forward-Looking Statements and Non-GAAP Financial Measur vard-ooking Sateen ns reerationnclues carta statements that ae maybe dest be fowarokng eaters. General, the ute of words sich a “nay. pec on esbmate. "olv "Seu or sar exposes a : may tennis ented on sess oe 91, 2000 ae we as er exe ens rom met
Slide 3: TETRA
ce, < TETRA S py as NYSE * iene: 8 o millon 5 (0. ion > Enterprise Value”: $1, oy raitent > 3-Month fverege Daily Trading Volume as of 11/22/2010: 934,000 share “Based on closing stock price on November 22, 2010
Slide 4: Company Description
Company Descriptio: x gas service company > Involved in: Completion Services n Productio1 (Fluids) i Completion fluids and technical services for onshore & offshore customers Services Produetion testing and wellhead compression services ised soe a eae usiness usiness
Slide 5: Strategy and Long-Term Objectives
Strategy and Long-Term Objectives pil producing regions of the world ‘ompletion Services (Fluids) ~ Leverage raw material cost advantages to capture higher gross margins as deeper, more complex offshore wells are drilled > Late-Life Services (Offshore Services) » Production Enhancement Servi - Lever
Slide 6: TETRA & Compressco operations
1g & Compressco en re, ie + Corporate Headquarters) | tt Operations Offices
Slide 7: Completion Services (Fluids) overview
> High value fluids franchise effectively competing against SLB, HAL & BHI > Alow-cost provider of high-end CBFs to GOM and selected other markets > Control ae chain > Long-term bromine supply agreement complex wells and treatment services Arkansas and other sectors
Slide 8: Fluids Revenues and Rig Count
Fluids Revenues and Rig Coun x TETRA oSSeeeeses 83 nasort eo Xe ey In, My | i % > | Riba fost rig o ys ey ie wnt alpen scat ty ni i clear regulations and slow permitting may limit near-term improvement shale drilling activity
Slide 9: Offshore Services Overview
Offshore Services Overview ply TETRA Extensive suite of decommissioning and abandonment capabilities ert acer aaa services in the > Int trated suite of ser y val Pa, “oui cutting and » Event-driven demand construction companies "Sogo: OCS Sti 2010.07 Aenean Marginal Praavnin the Cat ‘td ok Lon cnn O
Slide 10: Offshore Services Revenues and P&A Demand
Offshore Services Revenues and P&A Demand x TETRA Offshore Services Revenues and GOM Structures Removed Industry-Wide"” > Fewer than 200 structures are removed ical year e “P&A Inventory * Ue in the GOM is at ast 16 years in a typi "'Souce BOEME: BOEMRE duty da maybe undarsate n202010 49490 Soloauet
Slide 11: Wells Plugged & Abandoned in the GOM
Wells Plugged & Abandoned in the GOM x TETRA No.of Wells ! ESS ESEESESESSSESESES
Slide 12: GOM Platform Installations & Removals
GOM Platform Installations & Removals Fh TETRA 11980, the rate of platform removals has increased, the rate of platform installations has deciined ‘wii 106, ETrAEr 143, 142 10 fabio ot ebb teat got ost ast at ‘oslo aol ee Leo rats 2 Soe EMRE wnat 31201 u
Slide 13: Maritech Overview
Maritech Overview ply TETRA the business > Proved reserves at 12/31/2009": Oil 7.1 MMBbIs Gas 33.5 Bef Total 12.7 MMBble (76.1 Bcfe) > 2010 YTD average daily production oil 3.6 MBbis/day Gas 19.2 Muctigy Total 7.1 MBble/day (42.8 MMcfe/day) y waters of Louisiana Services segment
Slide 14: Maritech Revenues and Production
Maritech Revenues and Production ply TETRA it Daily Producti 2009 102010 202010 302010 10.2009 202009 302009 4a fevenue —Avg. Daily Production 2a ware
Slide 15: Production Testing Overview
Production Testing Overview > Largest the U.S.” > Expanding global footprint » Broadening scope of our well bi and early production capabilities ST zi
Slide 16: Production Testing Revenues
Production Testing Revenues Pk = = | ‘Production esting Revenues —~Avg.US. Land Rig Count [cco sev prox osc sn s
Slide 17: Compressco Overview
Compressco Overview > Our units can typically it neteee thal well’s productive life > Large untapped market potential in the U.S. and broad can drive growth
Slide 18: Compressco Revenues and Gas Price
Compressco Revenues and Gas Price pil Gas Price” aa = sages
Slide 19: Strategic Catalysts
Strategic Catalysts Fh) TETRA 11% of * domestcaly natin gas” global inventory of aging offshore wells and structures are favorable for our Offshore Services business fluid: growth > markets also drives growth I 0"
Slide 20: Segment strategy priorities
> Completion Services (Fluids ) jesses in the row our fluids handling, water treatment i Nal testing bu: mesville, Marcellus and — Ford shale > Late-I Life Services (Offshore Servi Capture greater market a in GOM abandonment and decommissioning business and enter select international markets in 2011
Slide 21: Consolidated Financials
Consolidated Financials Revenues and Cash from Operating Activities i * te th | a me | | ee ee ee gs ow ae ss 08 Revenues
Slide 22: Net Debt / Trailing Twelve Month EBITDA
‘Smitions %. % "=1NetDebt Net Debt/Trailing Twelve Month EBITDA i
Slide 23: First Nine Months 2010 Segment Results
First Nine Months 2010 Segment Results pi Revenue" Profit Before Tax”) $Millions $Millions o shore Services [i Maritech lll Production Testing l—f Compressco
Slide 24: Peer Comparisons: Net Income Margin
jer Comparisons 2009 Net Income Margin"? i 98 10.0% +f 82%. 79 ie ~Pbtis coy | - eo Op Sd ee i = Ex} 15.0% 45% F PF KS BD GF FF F KS Fh
Slide 25: Peer Comparisons: Return on Equity
jer Comparisons x TETRA 2009 Return on Equity” 184%
Slide 26: Peer Comparisons: Price/Net Income Plus DD&A
TETRA eer Comparisons x Price/Trailing Twelve Month Net Income Plus DD&A 's of 9/30/2010"
Slide 27: Peer Comparisons: Price/Trailing Twelve Month EPS
er Comparisons x TETRA Price/Trailing Twelve Month EPS as of 9/30/2010 $e oe & Fe HE
Slide 28: Financial Data Appendix
Slide 29: Financial Data Appendix
Financial Data Appendix i 15 tovsonds) wo cen cmomnensasel_spgpoio sae sista wsyie08 soins essen spy rout enna toned Be § 308217 % 307,709 310332 5 414163 5 399.168 5 426228, ash repre Tass _s9227 7441033394 gs 22596 1205, netoeot Fass995 F niaso0 F 753209 § 176738 § A060 F ses? | HENS of 9/50/2010
Slide 30: Net Income Margin and Return on Equity
TETRA 08 Net Incore Marge? pie Tana e Tuiwae Fase Fane elcome Sia aus sean” organ ia "a "ea “oa 19 Return on Equity” etiam Tae & Tai Fon Fo FOL Sitceovmayaaie "guise" une een!” Ga" limes" uate” wane” ue "ae
Slide 31: Financial Data Appendix
Financial Data Appendix r | seen css on) mS KG Son etincmelormosendel 2/3/09 $ 25805 $ "LyOs $ "46 $ (MIO) S Maes) $ ease $ Soas9 $ 2H0 S (S407 einen for ox eoed9/3070 19357 Sess" agse ” “ota * “egos 32707 s2e066 — o1n46n. DDeAtr dm endo nanon —«“Eavons gant $a ¢ anime $ saste $ apann-$ Naw iRaGh So
Slide 32: Contacts
Contacts: tuart M. Brightman, h M. Abell J 281/367-1983 Fax: 281/364-4346 whi. tetratec.com’
Tetra Technologies — Jefferies Global Energy Conference (December 2010) on 6ix