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2014 NAPTP MLP Investor Conference – Blueknight Energy Partners, L.P.

Blueknight Energy Partners, L.P. · May 22, 2014 · 28 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 2014 NAPTP MLP Investor Conference – Blueknight Energy Partners, L.P. – slide 1
    2014 NAPTP MLP Investor Conference May 21-22, 2014 The Smart Move in Energy Private and Confidential 2014 NAPTP MLP Investor Conference May 21-22, 2014 (NASDAQ: BKEP & BKEPP)
  2. 2014 NAPTP MLP Investor Conference – Blueknight Energy Partners, L.P. – slide 2
    Blueknight Energy Partners, L.P. Presenters Mark Hurley, Chief Executive Officer Alex Stallings, Chief Financial Officer Private and Confidential 2014 NAPTP MLP Investor Conference May 21-22, 2014 3 (NASDAQ: BKEP & BKEPP)
  3. 2014 NAPTP MLP Investor Conference – Blueknight Energy Partners, L.P. – slide 3
    Company Overview Blueknight Energy Partners, L.P. (BKEP) is a publicly traded master limited partnership formed in July 2007 Headquartered in Oklahoma City, Oklahoma General Partner owned equally by Vitol and Charlesbank Capital…
  4. 2014 NAPTP MLP Investor Conference – Blueknight Energy Partners, L.P. – slide 4
    Operations Asphalt Terminal Crude Oil Terminalling and Network Storage 6.6 million barrels of 7.0 million barrels of Cushing, OK storage asphalt and residual 0.4 million barrels of fuel oil storage Longview, TX storage 42…
  5. 2014 NAPTP MLP Investor Conference – Blueknight Energy Partners, L.P. – slide 5
    Sponsorship Overview Worlds largest independent oil trading Private equity firm with over 2 billion of company capital under management Moves equivalent of over 5 million Long history of making middle-market barrels/day of…
  6. 2014 NAPTP MLP Investor Conference – Blueknight Energy Partners, L.P. – slide 6
    Ownership Charlesbank Capital Partners Vitol Holding B.V. CB-Blueknight, LLC Blueknight Energy Holding, Inc. 50.0% 50.0% Ownership Ownership Interest Interest Blueknight GP Holding, LLC (DE) 17.0% Limited 17.0% Limited…
  7. 2014 NAPTP MLP Investor Conference – Blueknight Energy Partners, L.P. – slide 7
    Experienced Management Team BKEPs executive management team has a deep and wide breadth of experience in the oil and gas industry Executive Relevant Industry and Experience Years of Years of Industry BKEP Experience Experience…
  8. 2014 NAPTP MLP Investor Conference – Blueknight Energy Partners, L.P. – slide 8
    Common and Preferred Units Common Units Preferred Units Market NASDAQ NASDAQ Symbol BKEP BKEPP Outstanding 22,925,092 30,158,619 Yield at 5/14/14 5.9% 7.2% Distribution Seventh consecutive quarterly distribution 0.715/unit annual…
  9. 2014 NAPTP MLP Investor Conference – Blueknight Energy Partners, L.P. – slide 9
    Relative Performance Relative performance of BKEP, BKEPP, and Alerian MLP Index from December 1, 2011 to May 8, 2014 Private and Confidential 2014 NAPTP MLP Investor Conference May 21-22, 2014 10 (NASDAQ: BKEP & BKEPP)
  10. 2014 NAPTP MLP Investor Conference – Blueknight Energy Partners, L.P. – slide 10
    Operations 37.0% 3.5% Leading Midstream Company With Four Diversified Operating Segments Crude Oil Terminalling & Storage Services Crude Oil Pipeline Services 14.0% 45.5% Crude Oil Trucking & Producer Asphalt Services…
  11. 2014 NAPTP MLP Investor Conference – Blueknight Energy Partners, L.P. – slide 11
    Partnership Objectives and Strategy Partnership Objectives Business Strategy Deliver unitholder value through unit Grow crude transportation business price appreciation and increasing organically in shale production areas quarterly…
  12. 2014 NAPTP MLP Investor Conference – Blueknight Energy Partners, L.P. – slide 12
    Crude Oil Terminalling & Storage Services Customer Value Creation Provides our customers the ability to effectively manage their crude oil inventories and add significant flexibility in their marketing and operating activities…
  13. 2014 NAPTP MLP Investor Conference – Blueknight Energy Partners, L.P. – slide 13
    Crude Oil Pipeline Services: Oklahoma Systems Mid-Continent Mainline System 510-mile gathering and transportation network that gathers wellhead crude oil at a capacity of 20,000 Bpd Transports the crude oil to our Cushing terminal,…
  14. 2014 NAPTP MLP Investor Conference – Blueknight Energy Partners, L.P. – slide 14
    Crude Oil Pipeline Services: Pecos River Pipeline BKEP has 30% ownership and operates the 16 pipeline under a long-term service agreement with Advantage Pipeline, L.L.C. Provides a safe and reliable crude transportation from…
  15. 2014 NAPTP MLP Investor Conference – Blueknight Energy Partners, L.P. – slide 15
    Crude Oil Trucking & Producer Field Services Crude Trucking Trucking operations extend our ability to gather and aggregate crude oil on our systems and deliver product for third parties to their facilities Approximately 170 tanker…
  16. 2014 NAPTP MLP Investor Conference – Blueknight Energy Partners, L.P. – slide 16
    Asphalt Services Largest independently owned asphalt terminal network 7.0 million barrels of asphalt and residual fuel oil storage capacity in 42 terminals across 21 states All of the Partnerships 42 asphalt facilities are…
  17. 2014 NAPTP MLP Investor Conference – Blueknight Energy Partners, L.P. – slide 17
    Growth Projects Growth focused on crude oil pipeline segment Targeting 100 million of expansion capital spend in 2014 Now developing three pipeline projects in shale production areas: East Texas Woodbine Pipeline Pecos River…
  18. 2014 NAPTP MLP Investor Conference – Blueknight Energy Partners, L.P. – slide 18
    East Texas Woodbine Pipeline Project Proposal to construct an 140-mile pipeline and terminal system to meet infrastructure needs of producers and marketers in the developing Woodbine/Eaglebine production area; expected completion…
  19. 2014 NAPTP MLP Investor Conference – Blueknight Energy Partners, L.P. – slide 19
    Pecos River Pipeline North Extension Proposed 95-mile crude oil pipeline that originates in Southeastern New Mexico Connects to the Advantage Pecos River Pipeline near Pecos, TX Access to Houston, Midland and Cushing markets at…
  20. 2014 NAPTP MLP Investor Conference – Blueknight Energy Partners, L.P. – slide 20
    Oklahoma Condensate Pipeline JV Potential project to lay a new 110 mile pipeline (Segment I) from Maysville, OK to Cushing, OK. Project will utilize more than 50% of existing BKEP right of way A second line (50 miles, Segment II )…
  21. 2014 NAPTP MLP Investor Conference – Blueknight Energy Partners, L.P. – slide 21
    Projected Capital Spend Note: s in thousands Private and Confidential 2014 NAPTP MLP Investor Conference May 21-22, 2014 22 (NASDAQ: BKEP & BKEPP)
  22. 2014 NAPTP MLP Investor Conference – Blueknight Energy Partners, L.P. – slide 22
    Financial Summary Revenue Growth Distributions Per Common Unit ( Millions) Private and Confidential 2014 NAPTP MLP Investor Conference May 21-22, 2014 23 (NASDAQ: BKEP & BKEPP)
  23. 2014 NAPTP MLP Investor Conference – Blueknight Energy Partners, L.P. – slide 23
    Leverage Moderately leveraged even after significant capital spend in 2013 Leverage ratio has decreased from 4.2x at December 31, 2010 to 3.6x at December 31, 2013 In June 2013, BKEP entered into a 400 million amended and restated…
  24. 2014 NAPTP MLP Investor Conference – Blueknight Energy Partners, L.P. – slide 24
    Financial Targets Financial Targets Target Leverage: - Upper 3.0xs; expected to increase near term due to expansion capital spend Distribution Policy: - Conservative approach to distributions - Target 7% - 10% near term common…
  25. 2014 NAPTP MLP Investor Conference – Blueknight Energy Partners, L.P. – slide 25
    Key Investment Highlights Cushing Interchange: Resident player at core location for crude oil distribution and marketing Attractive Core Base Asphalt Facilities: Geographic diversification in key domestic markets with multiple potential…
  26. 2014 NAPTP MLP Investor Conference – Blueknight Energy Partners, L.P. – slide 26
    Appendix Private and Confidential 2014 NAPTP MLP Investor Conference May 21-22, 2014 27 (NASDAQ: BKEP & BKEPP)
  27. 2014 NAPTP MLP Investor Conference – Blueknight Energy Partners, L.P. – slide 27
    Selected Historical Financial Data Private and Confidential 2014 NAPTP MLP Investor Conference May 21-22, 2014 28 (NASDAQ: BKEP & BKEPP)
  28. 2014 NAPTP MLP Investor Conference – Blueknight Energy Partners, L.P. – slide 28
    Adjusted EBITDA and Reconciliation of Non-GAAP Measures Private and Confidential 2014 NAPTP MLP Investor Conference May 21-22, 2014 29 (NASDAQ: BKEP & BKEPP)

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