Tetra Technologies, Inc. · NYSE:TTI
Tetra Technologies — Investor Presentation (June 2010)
15 slides from Tetra Technologies's investor presentation, Jun 4, 2010
Slide 1: Investor Presentation June 2010
Exhibit 99.1 .__' = . wa v TETRA Investor Presentation June, 2010 Focused on Energy. Dedicated to Service.
Slide 2: Forward Looking Statements
Forward Looking Statements statements. Generally, the use ofwords such as ‘may,”*Wi “anticipate,” ‘believe,” “assume,” “could,” “should,” “plans,” targets” or similar expressionsthat convey the uncertainty of future events, activities, expectations or outcomes identify forward-looking statements tha
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 Update
2010 Update » Fluids Division — 2010 performance is driven by: * moratorium on GOM deepwater drilling, + anincrease in activity in Brazil, and * positive impact from El Dorado plant during the second-half of 2010. — The successful renegotiation of the Chemtura supply agreements provides a stable out
Slide 11: 2010 Update
2010 Update > Maritech — 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. We expect this to be a primary focus inthe second and third quarters. » Production Enhanceme
Slide 12: First Quarter 2010 Segment Results
First Quarter 2010 Segment Results Revenue Profit Before Tax) $Millions $Millions $20.3 @ Fluids m Offshore Services ™ Maritech m Production Testing ™@ Compressco ©) Offshore Services segment PBT in the first quarter of 2010 was $2.4) milion,
Slide 13: Deepwater GOM Outlook
Deepwater GOM Outlook > Ofour five operating segments, the only business expected to be impacted by the deepwater drilling moratorium is the deepwater Gulf of Mexico operations of the Fluids Division. >» The Fluids Division is comprised of: * Onshore U.S. operations, + International completion servi
Slide 14: Conclusions
Conclusions As of March 31, 2010, long-term debt was $307.7 million with a cash balance of $74.8 million, This compares favorably to March 31, 2009, at which time long-term debt was $426.2 million with a cash balance of $13.7 million. In 2010, although we will continue to focus on cash flow generati
Slide 15: TETRA
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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