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1 CEO Overview Stu Brightman CEO of TETRA Technologies, Inc. and Chairman of the Board of Directors of CSI Compressco, LP NYC, May 31, 2018
CEO of TETRA Technologies, Inc.
and Chairman of the Board of Directors
of CSI Compressco, LP
Forward Looking Statement & Non-GAAP Measures
Forward -Looking Statements :
This presentation includes certain statements thatareormay bedeemed tobeforward -looking statements .Generally, theuseofwords such as“may,” “will,”
“expect,” “intend,” “estimate,” “projects,” “anticipate,” “believe,” “assume,” “could,” “should,” “plans,” “targets” orsimilar expressions thatconvey theuncertainty of
future events, activities, expectations oroutcomes identify forward -looking statements thatthecompany intends tobeincluded within thesafe harbor protections
provided bythefederal securities laws.These forward -looking statements include statements concerning expected results ofoperational business segments for
2018 -2020 ,anticipated benefits from ouracquisitions ofassets andbusinesses, estimated earnings, earnings pershare, andstatements regarding ourbeliefs,
expectations, plans, goals, future events andperformance, andother statements thatarenotpurely historical .These forward -looking statements arebased on
certain assumptions andanalyses made inlight ofourexperience andourperception ofhistorical trends, current conditions, expected future developments and
other factors webelieve areappropriate inthecircumstances .Such statements aresubject toanumber ofrisks anduncertainties, many ofwhich arebeyond our
control .Investors arecautioned thatanysuch statements arenotguarantees offuture performance orresults andthatactual results ordevelopments may differ
materially from those projected intheforward -looking statements .Some ofthefactors thatcould affect actual results aredescribed inthesection titled “Risk
Factors” contained intheAnnual Reports onForm 10-Kfortheyear ended December 31,2017 ,foreach ofTETRA Technologies, Inc.(“TETRA”) and CSI
Compressco LP(“CCLP”) aswell asother risks identified from time totime inthereports onForm 10-QandForm 8-Kfiled byTETRA and CCLP with the
Securities andExchange Commission .
Further Disclosure Regarding theUse ofNon-GAAP Measures :
Management views adjusted revenue, cash from operating activities, and Adjusted EBITDA asuseful measures toassess ourperformance inprior periods
following thesale ofsubstantially allofourMaritech andOffshore segment operations .Adjusted EBITDA, aperformance measure used bymanagement, is
defined asnetincome (loss) plus:(1)interest expense (netofinterest income), (2)income taxprovision, and(3)depreciation, depletion, amortization, accretion
andimpairments, allofwhich arecalculated excluding oursold Maritech andOffshore segment operations .Adjusted EBITDA isnotdefined under GAAP and
does notpurport tobeanalternative toEBITDA, netincome oranyother GAAP financial measures asameasure ofoperating performance .Because notall
companies use identical calculations, ourpresentation ofAdjusted EBITDA may notbecomparable toother similarly titled measures ofother companies .
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