TETRA Technologies (TTI) Investor Presentation - Slideshow

Company Profile - TETRA's NYSE ticker symbol is TTI, with a recent share price of $1.29 and a market capitalization of $162 million[6] - CSI Compressco LP's NASDAQ ticker symbol is CCLP, with a recent share price of $2.24 and a market capitalization of $105 million[6] - TTI owns 35% of CCLP[6] Business Segments Performance - Completion Fluids & Products division achieved an Adjusted EBITDA margin of 23.7% in Q3 2019, the highest since Q4 2015, excluding TETRA CS Neptune® Completion Fluids[12] - Compression Services maintained high utilization at 90.1% and gross margins at 53.2%[12] - Completion Fluids & Products revenue was $59.3 million in Q3 2019[108] Financial Highlights - Adjusted EBITDA before discontinued operations was $46.2 million in Q3 2019[12] - TETRA's only adjusted free cash flow was $9.7 million in Q3 2019[12] - TTI's revenue for the trailing twelve months (TTM) ending Q3 2019 was $1061 million[90] Strategic Initiatives - Restructuring efforts are expected to reduce SG&A expenses by an estimated $8 million to $10 million on an annualized basis from Q3 2019[14] - The company anticipates a non-cash charge of approximately $80 million to $100 million in Q4 2019 related to writing down the El Dorado plant asset values[15] - The water services market is valued at $23.6 billion[47]