Filed by Enerflex Ltd.
pursuant to Rule 425 under the Securities Act of 1933, as amended
and deemed filed pursuant to Rule 14a-12
under the Securities Exchange Act of 1934, as amended
Subject Company: Exterran Corporation
Commission File No. 001-36875
Transcript: External Video Posted on January 25th on Enerflexs Social Media Channels and
Website
Speaker: Marc Rossiter, Enerflexs President and Chief Executive Officer
Enerflex and Exterran to Combine
Creating a
Premier Integrated Provider of Energy Infrastructure Solutions
Enerflex recently announced our intention to acquire Exterran and create a global
premier provider of energy infrastructure solutions. I believe this transaction creates as positive a future for our customers, our shareholders, and our suppliers, as it does for Enerflex and Exterran employees that will soon be teammates.
The strategic rationale for the transaction is really quite simple, for starters it creates a business that will be 70 percent recurring revenue right on
closing. Secondly it really combines the efforts of two great companies to be able to provide more efficient solutions, better cost structure, better ability to address even larger projects with more scope and scale around the world. And finally,
one of the most important parts about the transaction is we are bringing together two very similar cultures built on people that have a lot of deep experience in the equipment and solutions we provide to our customers.
The new business will have expanded product lines and geographies. For starters well be one of the only companies in the world that can fabricate from
scratch compression, refrigeration, cryogenic gas processing.
One of the things that is exciting me to me about the transaction is both Enerflex
and Exterran undertook to start participating in sustainable energy solutions a number of years ago. Exterran has been in the water business namely, reusing, recycling, reducing the use of produced water in the oilfield a number of years ago and
have a lot of projects under their belt and some exciting ones underway.
Enerflex about a year ago created an energy transition business that was meant
to compile 30 years worth of experience in CO2 compression, renewable natural gas, hydrogen, electrification, and sort of bring it all under one umbrella to really help our customers reduce
their scope 1 and scope 2 emissions. I am excited to have the water intensity and the scope 1, scope 2 CO2 emission reduction businesses all under one umbrella and being able to provide those
solutions for our customers.
I started with Enerflex in September of 1996, at the time I was working a big engineering firm and had about two years into
that job working as a junior process engineer doing the things a junior process engineer would dohydraulics, line lifts, process design, etc. but I didnt feel a tangible connection to the work I was doing cause it was all mostly
paperwork. But the magic really started when Mike the man that was interviewing me, who is still a mentor and a friend today 25 years later, brought me to the shop. When I walked into the shop it was 6pm it was an after-hours interview, but the shop
was filled with equipment, it was filled with tradesman doing instrumentation, welding, pipe fitting, threaded piping