Tetra Technologies, Inc. · NYSE:TTI
Tetra Technologies — Howard Weil 38th Annual Energy Conference (March 2010)
17 slides from Tetra Technologies's conference presentation, Mar 24, 2010
Slide 1: Howard Weil 38th Annual Energy Conference
Exhibit 99.1 A Ga eg = v TETRA Howard Weil 38th Annual Energy Conference March 24, 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 forward-looking statements Generally, the use of words such as "may, ‘expect,” “intend,” “estimate,” “projects,” “anticipate,” "believe," "assume," “could,” "should. targets" or similar expressio
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: TETRA's Global Footprint
TETRA’s Global Footprint Legend TB retramtencets
Slide 5: Segment Overview: Fluids
Segment Overview: Fluids >» The Fluids Division is the largest 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 worko
Slide 6: 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 the most comprehensive provider of abandonment and decommissioning services, anda market innovator. Offshore
Slide 7: Segment Overview: Maritech
Segment Overview: Maritech Maritech is 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 on cash flow generation and de
Slide 8: Segment Overview: Production Testing
Segment Overview: Production Testing » The Production Testing segment provides flowback 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 prod
Slide 9: 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 10: 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 Divisionwill focus on capturing a fair share of deepwater markets in the GOM and Brazil, andwill optimize utilization of the El Dorado calcium chloride plant. The O
Slide 11: 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 12: 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. ~— Weill continue our strategy of aggressively reducing Maritech’s abandonment and decommissioning liabilities in the GOM. >» Producti
Slide 13: 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 ach
Slide 14: 2010 Estimated Segment Summary
2010 Estimated Segment Summary") Based on the Midpoint of the January 5 Guidance Range Revenue Profit Before Tax $Millions $Millions $190.0 $55.5 @ Fluids @ Offshore Services ™Maritech m™ Production Enhancement Revenue is before intercompany eliminations. Profit Before Tax excludes corporate overhea
Slide 15: 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 will allow us to pursue more aggressive growth strategies. The key risk to 2010 performance is gas price weakness. 2010 should be a better year f
Slide 16: Appendix A: 2010 Guidance as announced January 5, 2010
Appendix A 2010 Guidance as announced on January 5, 2010 DIMISIONAL ESTIMATES (continuing operations) Intersegment eliminations Offshore Division Production Enhancement Division Operating divisions total (1) Excludes $27 millon of Corporate, (Q) Excludes $3.4 million of Corporate, Profit Before Reve
Slide 17: 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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