CYPRESS ENERGY PARTNERS NYSE: CELP - - PowerPoint PPT Presentation

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CYPRESS ENERGY PARTNERS NYSE: CELP - - PowerPoint PPT Presentation

Jun 05, 2023 210 likes •532 views

CYPRESS ENERGY PARTNERS NYSE: CELP

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CYPRESS

ENERGY PARTNERS

NYSE: CELP

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  • →

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  • 12%

47% 32% 9%

Pre 1950 (69+ years old) 1950-1969 (50-69 years old) 1970-1999 (20-49 years old)

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  • 1,648

1,552 1,470 1,367 1,406 1,330 1,130 1,134 1,231 1,093 1,083 1,186 1,211 1,101 1,030 1,188 1,263 1,375 1,432 1,673 9.3% 8.9% 9.7% 8.8% 10.3% 8.9% 10.2% 9.5% 11.5% 9.7% 11.0%

0.0% 5.0% 10.0% 15.0%

500 1,000 1,500 2,000

Headcount

Headcount Gross Margin Percentage

$9,804 $8,951 $7,998 $7,842 $8,552 $7,954 $5,865 $6,246 $7,733 $8,112 $5,546 $6,771 $7,414 $7,015 $5,487 $7,890 $9,256 $9,014 $8,371 $11,446 $4,853 $4,778 $4,741 $4,555 $4,655 $4,463 $4,570 $4,377 $4,675 $4,782

$- $1,000 $2,000 $3,000 $4,000 $5,000 $6,000

  • $1,000

$1,000 $3,000 $5,000 $7,000 $9,000 $11,000 $13,000 $15,000

Quarterly Gross Margin ($000)

Gross Margin ($000) Avg weekly revenue per inspector

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Pipeline Services

New Build Existing Infrastructure

Process Services

New Build Existing infrastructure In-Line Inspection

Business Drivers

  • Hydrotesting
  • Leak detection
  • Chemical cleaning
  • Drying
  • Bolting and

Torqueing

  • Nitrogen Services

Key Services

  • Filling, and

hydrotesting

  • Dewatering, drying

& inerting

  • Baseline inspection
  • Water Treatment
  • Nitrogen Services
  • Caliper Services
  • Mechanical cleaning
  • Gel cleaning
  • Chemical cleaning
  • Pre inspection cleaning
  • Revalidation
  • Fluid treatment
  • Fluid Filtration
  • Nitrogen services
  • System Drying
  • Leak detection
  • Decontamination
  • Chemical cleaning
  • Bolting and Torqueing
  • Internal geometry inspection
  • Mapping
  • Corrosion detection
  • Bend strain determination
  • Dent strain determination
  • Run to run analysis

Key Locations and Equipment

In-Line Inspection Tool Technology Center Salt Lake City Scott Facility head-quarters of Offshore operations Fluid separations Equipment

  • Deep water
  • Product to market
  • Shale plays
  • Utility switch to Gas
  • Remote areas
  • Topography
  • Cleaning for inspection
  • Bringing back into service
  • Inventory recovery
  • Throughput issues
  • Change of use
  • Change of direction
  • Shale plays
  • Remote areas
  • Availability

petrochemical feedstock

  • Cheap gas
  • World economy
  • Aging infrastructure
  • Opex budgets
  • HSE issues
  • Legislation
  • Process upsets
  • Aging pipelines
  • Public pressure
  • Legislation federal and state
  • Risk abatement
  • Increase throughput

Specialist Pumping Equipment

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  • $1.09

$1.07 $0.92 $0.77 $0.73 $0.68 $0.68 $0.66 $0.67 $0.68 $0.68 $0.68 $0.68 $0.65 $0.82 $0.85 $0.78 $0.78 $0.77 $0.77

5.5 4.9 4.6 5.2 4.7 4.3 3.7 3.3 2.9 3.4 2.8 3.0 3.1 3.7 3.1 3.6 4.3 3.9 2.8 3.5 $ 0.00 $ 0.20 $ 0.40 $ 0.60 $ 0.80 $ 1.00 $ 1.20 $ 1.40

1 2 3 4 5 6 $/bbl

Revenue per Barrel (right axis) Disposal Volumes (left axis)

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$141.3 $201.5 $8.5 $13.3

$0 $2 $4 $6 $8 $10 $12 $14 $0 $50 $100 $150 $200 $250 June 2018 YTD June 2019 YTD

$mm $mm Revenue (left axis)

  • Adj. EBITDA (right axis)

6.7 6.3 $5.5 $4.9

$0 $1 $2 $3 $4 $5 $6 $7 1 2 3 4 5 6 7 8 June 2018 YTD June 2019 YTD

MM Bbls

$mm

Disposal volumes (Ieft axis) Revenue (right axis) 22 28 $7.4 $6.4

$6 $6 $6 $6 $7 $7 $7 $7 $7 $8 5 10 15 20 25 30 June 2018 YTD June 2019 YTD

# field empl $mm

  • Avg. # of field empl (left axis)

Revenue (right axis)

1,109 1,553 $128.3 $190.2

$0 $50 $100 $150 $200 200 400 600 800 1,000 1,200 1,400 1,600 1,800 June 2018 YTD June 2019 YTD

# inspectors $mm

  • Avg. # of inspectors (left axis)

Revenue (right axis)

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12.6 14.8 $8.4 $11.9

$0 $2 $4 $6 $8 $10 $12 $14 5 10 15 20 2017 2018

MM Bbls

$mm

Disposal volumes (Ieft axis) Revenue (right axis)

20 23 $9.3 $15.0

$0 $2 $4 $6 $8 $10 $12 $14 $16 18 19 20 21 22 23 24 2017 2018

# field empl $mm

  • Avg. # of field empl (left axis)

Revenue (right axis) $286.3 $315.0 $18.7

$21.9

$0 $5 $10 $15 $20 $25 $0 $50 $100 $150 $200 $250 $300 $350 2017 2018

$mm $mm Revenue (left axis)

  • Adj. EBITDA (right axis)

1,145 1,214 $268.7 $288.1

$0 $50 $100 $150 $200 $250 $300 $350 200 400 600 800 1,000 1,200 1,400 2017 2018

# inspectors $mm

  • Avg. # of inspectors (left axis)

Revenue (right axis)

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$- $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 2014 2015 2016 2017 2018 2019 YTD

In thousands

Revenues

TIR Revenue WES Revenue Brown Revenue $- $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 2014 2015 2016 2017 2018 2019 YTD

In millions

Operational Metrics

Gross Margins SG&A Sponsor Support EBITDA (1) Interest Expense

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  • 0%

10% 20% 30% 40% 50% 60% 70% 80% $- $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 2014 2015 2016 2017 2018 2019 YTD

Gross Margin by Year (000's)

PIS Water PPS PIS GM% PPS GM% Water GM% 0% 10% 20% 30% 40% 50% 60% 70% 80% 2014 2015 2016 2017 2018 2019 YTD

Gross Margin % by Year

PIS PPS Water

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  • $-

$10 $20 $30 $40 $50 $60 $70 $80 $90 $100 $- $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 2014 2015 2016 2017 2018 2019 YTD CELP Gross Margin CELP EBITDA CELP DCF CELP Common Unit Distribution WTI (Right Axis)

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