About Enerflex
Enerflex Ltd. is a single source supplier of natural gas compression, oil and gas processing, refrigeration systems, and electric power generation equipment
plus related engineering and mechanical service expertise. The Companys broad in-house resources provide the capability to engineer, design, manufacture, construct, commission, operate, and
service hydrocarbon handling systems. Enerflexs expertise encompasses field production facilities, compression and natural gas processing plants, gas lift compression, refrigeration systems, and electric power equipment servicing the natural
gas production industry.
Headquartered in Calgary, Canada, Enerflex has approximately 2,000 employees worldwide. Enerflex, its subsidiaries,
interests in associates and joint ventures operate in Canada, the United States, Argentina, Bolivia, Brazil, Colombia, Mexico, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Kuwait, Australia, New Zealand, Indonesia, Malaysia, and
Thailand. Enerflexs shares trade on the Toronto Stock Exchange under the symbol EFX. For more information about Enerflex, go to www.enerflex.com.
About Exterran
Exterran Corporation (NYSE: EXTN) is a
global systems and process company offering solutions in the oil, gas, water and power markets. Exterran is a leader in natural gas processing and treatment and compression products and services, providing critical midstream infrastructure solutions
to customers throughout the world. Exterran Corporation is headquartered in Houston, Texas and operates in approximately 25 countries.
Advisory
Regarding Forward-Looking Information
This press release contains forward-looking information within the meaning of applicable Canadian securities
laws and within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements relate to the respective management expectations about future events, results of operations and the future
performance (both operational and financial) and business prospects of Enerflex Ltd., Exterran Corp., or the combined entity. All statements other than statements of historical fact are forward-looking statements. The use of any of the words
anticipate, future, plan, contemplate, continue, estimate, expect, intend, propose, might, may, will,
shall, project, should, could, would, believe, predict, forecast, pursue, potential, objective and
capable and similar expressions are intended to identify forward-looking information. In particular, this press release includes (without limitation) forward-looking information pertaining to: the expectation that the Transaction will
strengthen Enerflexs ability to serve customers and enhance shareholder value; the anticipated financial performance of the combined entity, including its expected gross margin and the acceleration of its generation of recurring gross margins;
the expected run rate synergies and efficiencies to be achieved as a result of the Transaction and the quantum and timing associated therewith; the listing of Enerflex shares on the NYSE or NASDAQ, as applicable, to be effective upon Transaction
close; the listing of the Enerflex common shares being issued in connection with the Transaction on the TSX; anticipated shareholder value; expected accretion to Adjusted EBITDA, cash flow per share, and earnings per share for shareholders of
Enerflex; excess free cash flow beginning in 2023; pro forma geographic exposure and the expected revenues associated therewith; future capital expenditures, including the amount and nature thereof; product bookings and backlog; oil and gas prices
and the impact of such prices on demand for the combined entitys products and services; development trends in the oil and gas industry; seasonal variations in the activity levels of certain oil and gas markets; expectation in respect of excess
free cash flow following closing of the Transaction; business prospects