Tetra Technologies, Inc. · NYSE:TTI
Tetra Technologies — Pritchard Capital Energize 2010 Conference
16 slides from Tetra Technologies's conference presentation, Jan 6, 2010
Slide 1: Pritchard Capital Energize 2010 Conference
= the TETRA Pritchard Capital Energize 2010 Conference January 6, 2010 Focused on Energy. Dedicated to Service.
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation includes certain statements that are deemed to be forward-looking statements. These forward-looking statements include statements concerning financial guidance, estimated earnings, earnings per share, expected benefits from our agreements and long-term in
Slide 3: Company Overview
Company Overview TETRA is an oil and gas services company, including an integrated calcium chloride and brominated products manufacturing operation that supplies feedstocks to energy markets, as well as other markets. Operating in the continental US and the Gulf of Mexico, and in certain regions in
Slide 4: Segment Profile: Fluids
Segment Profile: Fluids » The Fluids Division is the world’s largest producer of calcium chloride and a significant producer of bromide compounds; vertical integration yields higher margins and supply security. Much of the Fluids Division's business is related to well completion, and activity levels
Slide 5: Segment Profile: Offshore Services
Segment Profile: 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 the most comprehensive provider of abandonment and decommissioning services, and a market innovator. Offshore
Slide 6: Segment Profile: Maritech
Segment Profile: Maritech » Maritech is an oil and gas exploration, exploitation, and production company operating primarily in the offshore and inland waters of the Gulf of Mexico. » Maritech acquires oil and gas properties on which it conducts exploitation operations that are intended to increase
Slide 7: Segment Profile: Production Testing
Segment Profile: Production Testing The Production Testing segment provides surface well testing services to markets in productive regions of the onshore US, offshore in the Gulf of Mexico, and to international regions including Mexico, Brazil, Northern Africa, and the Middle East. The Production Te
Slide 8: Segment Profile: Compressco
Segment Profile: Compressco » Compressco provides wellhead compression-based production enhancement services to a broad base of customers throughout much of the US, as well as in Canada, Mexico, and other international locations. » Because wellhead compression is utilized primarily in onshore gas pr
Slide 9: Key Strategies: Optimizing Strengths in a Difficult Environment
Key Strategies: Optimizing Strengths in a Difficult Environment International Growth is a key focus for each operating segment. The Fluids Division will focus on capturing a share of the deepwater Gulf of Mexico market. The Offshore Services segmentwill capitalize on continuing strong demand for sto
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 + anincrease in activity in Brazil, and * positive impact from El Dora
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. » Producti
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. We expect to
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 @ Fluids Ml Offshore Services i Maritech i Production Enhancement
Slide 14: Conclusions
Conclusions In 2010, we will continue to focus on cash flow generation. 2010 should be a better year for the Fluids Division, due to: * expected increase in demand for GOM deepwater services, * anticipated increase in activity in Brazil, and * positive impact from El Dorado plant. The Offshore Servi
Slide 15: Appendix A: 2010 Guidance as announced on January 5, 2010
Appendix A 2010 Guidance as announced on January 5, 2010 DIMSIOWAL ESTMATES (coatinsing operations) Pro Bebre Revenues Tax PBT) Cash Capext? $320.0- 340.0 HES-935 $21.0 $308.0- 335.0 3520-590 320 $200.0- 220.0 3190-250 3550 9 Ietersegment climinatibas (568.0) - Othore Di $437.0 - 487.0 3710-840 $180
Slide 16: Corporate Headquarters
Corporate Headquarters 24955 Interstate 45 North The Woodlands, TX 77380 Phone: 281.367.1983 www.tetratec.com Management Contacts Stu Brightman Joe Abell President & CEO Sr. Vice President & CFO
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