Usa Compression Partners (USAC) Presents At Global High Yiled & Leveraged Finance Virtual Conference - Slideshow

Business Overview - USAC provides compression services across a geographically diversified operating area, focusing on large horsepower (1,000 HP+) applications[10] - The company's active fleet comprises 3.0 million horsepower, with over 70% exceeding 1,000 HP, and the average Q4 2020 utilization rate was approximately 83%[10] - USAC's enterprise value is $3.9 billion, which includes $1.4 billion in LP equity value, $0.5 billion in preferred equity, $0.5 billion in ABL, and $1.9 billion in total long-term debt[11] Financial Performance and Guidance - Q4 2020 Adjusted EBITDA was $98 million, with an adjusted gross margin percentage of 68.4% and an Adjusted EBITDA margin of 62.1%[14, 15] - Q4 2020 Distributable Cash Flow (DCF) was $50 million, with a common unit distribution of $0.525, resulting in a DCF coverage of 0.99x[15] - The company introduced full-year 2021 guidance, projecting Adjusted EBITDA between $385 million and $405 million, and DCF between $193 million and $213 million[15] Market and Strategy - USAC focuses on midstream applications, which results in more stability throughout commodity price cycles[20] - The company has a long-standing history with stable distributions, having returned over $1 billion since its IPO[18] - USAC's 2021 total budgeted capex is approximately $57 million, a decrease of over 50% compared to 2020 and approximately 70% compared to the average of 2018-2020[38]