Tetra Technologies, Inc. · NYSE:TTI
Tetra Technologies — Corporate Update (April 2018)
11 slides from Tetra Technologies's corporate update, Apr 30, 2018
Slide 1: Reclassification of Prior Periods Financial Information for Segment Reporting and Discontinued Operations
April 2018 TETRA Technologies, Inc. Reclassification of Prior Periods Financial Information for Segment Reporting and Discontinued Operations Exhibit. 99.1
Slide 2: Reclassification of Prior Periods Financial Information - Explanatory Note
RECLASSIFICATION OF PRIOR PERIODS FINANCIAL INFORMATION - EXPLANATORY NOTE As previously disclosed, on February 28, 2018, TETRA Technologies, Inc. (“TETRA”) completed its acquisition (the “Acquisition”) of Swiftwater Energy Services, LLC (“Swiftwater”). Swiftwater is engaged in the business of provi
Slide 3: TETRA Technologies Historical Results
TETRA Technologies Historical Results (1) Excludes historical results of SwiftWater Energy Services acquisition New Segment Reporting Date Updated:4/26/2018ActualActualQuarterlyAnnual$S in ThousandsQ1 '15Q2 '15Q3 '15Q4 '15Q1 '16Q2 '16Q3 '16Q4 '16Q1 '17Q2 '17Q3 '17Q4 '17201520162017Completion Fluids
Slide 4: TETRA Technologies Historical Results
TETRA Technologies Historical Results Excludes historical results of SwiftWater Energy Services acquisition Adjusted free cash flow defined as Adjusted EBITDA minus capital expenditures New Segment Reporting Date Updated:4/26/2018ActualActualQuarterlyAnnual$S in ThousandsQ1 '15Q2 '15Q3 '15Q4 '15Q1 '
Slide 5: TETRA Technologies Historical Results
TETRA Technologies Historical Results Excludes historical results of SwiftWater Energy Services acquisition Discontinued operations consists of Offshore Services and Maritech New Segment Reporting Date Updated:4/26/2018ActualActualQuarterlyAnnual$S in ThousandsQ1 '15Q2 '15Q3 '15Q4 '15Q1 '16Q2 '16Q3
Slide 6: Non-GAAP financial measures definitions
Non-GAAP Financial Measures This presentation includes non-GAAP financial measures, Adjusted EBITDA, Adjusted EBITDA as a percent of revenue, Adjusted income (loss) before taxes, Adjusted income (loss) before taxes as a percent of revenue, adjusted free cash flow. Adjusted EBITDA is used as a supple
Slide 7: Twelve Months Ended December 2017 and 2016 reconciliation
Non-GAAP Financial Measures Twelve Months Ended on December 2017Net Income(Loss), as reported Tax Provision Income (Loss) Before Tax, as Reported Impairments & Special Charges Adjusted Income (Loss) Before Tax Interest Expense, Net DD&A Equity Comp. Expense Omnibus Equity Adjusted EBITDA Completion
Slide 8: Quarterly reconciliation: December and September 2017
Non-GAAP Financial Measures Three Months Ended on December 2017Net Income(Loss), as reported Tax Provision Income (Loss) Before Tax, as Reported Impairments & Special Charges Adjusted Income (Loss) Before Tax Interest Expense, Net DD&A Equity Comp. Expense Omnibus Equity Adjusted EBITDA Completion F
Slide 9: Quarterly reconciliation: March 2017 and December 2016
Non-GAAP Financial Measures Three Months Ended on March 2017Net Income(Loss), as reported Tax Provision Income (Loss) Before Tax, as Reported Impairments & Special Charges Adjusted Income (Loss) Before Tax Interest Expense, Net DD&A Equity Comp. Expense Omnibus Equity Adjusted EBITDA Completion Flui
Slide 10: Quarterly reconciliation: June and March 2016
Non-GAAP Financial Measures Three Months Ended on June 2016Net Income(Loss), as reported Tax Provision Income (Loss) Before Tax, as Reported Impairments & Special Charges Adjusted Income (Loss) Before Tax Interest Expense, Net DD&A Equity Comp. Expense Omnibus Equity Adjusted EBITDA Completion Fluid
Slide 11: Quarterly reconciliation: September and June 2015
Non-GAAP Financial Measures Three Months Ended on September 2015Net Income(Loss), as reported Tax Provision Income (Loss) Before Tax, as Reported Impairments & Special Charges Adjusted Income (Loss) Before Tax Interest Expense, Net DD&A Equity Comp. Expense Omnibus Equity Adjusted EBITDA Completion