Wells Fargo Annual Energy Symposium December 10, 2014 NASDAQ: MMLP www.martinmidstream.com
USE OF NON-GAAP FINANCIAL MEASURES This presentation includes certain non-GAAP financial measures such as EBITDA and Adjusted EBITDA. These non- GAAP financial measures are not meant to be considered in isolation or as a substitute for…
PARTNERSHIP OVERVIEW
MARTIN MIDSTREAM PARTNERS L.P. (MMLP) OVERVIEW NASDAQ Listed: MMLP Formed October 31, 2002 MMLP is a publically traded, diversified master limited partnership with operations including: Terminalling & Storage Natural Gas Services…
MARTIN RESOURCE MANAGEMENT (MRMC) OVERVIEW Based in Kilgore, TX, MRMC is a leading independent provider of integrated logistics solutions, storage, manufacturing, marketing, and distribution services to energy, petrochemical and other…
STRONG GENERAL PARTNER SUPPORT Ongoing MRMC businesses help support the Partnership Maintains distinct set of assets and business units that are complementary to MMLP Martin Resource Management Approximately 22% of 2013 MMLP EBITDA…
STRONG FEE-BASED CONTRACT MIX Recent Fee-based Acquisitions Driving Partnership Growth Terminalling & Storage Fee-based, multi-year contracts for traditional storage assets Specialty and Shore Based Terminals (with guaranteed…
MMLP ASSET LOCATIONS ALL SEGMENTS 10
TERMINALLING & STORAGE OVERVIEW Includes: Shore Based Terminals, Specialty Terminals, Smackover Refinery and Lubricants MMLP owns or operates 47 terminal facilities with 4.2 Adjusted Segment EBITDA (1) million barrels of aggregate…
TERMINALLING & STORAGE SHORE BASED TERMINALS Shore Based Terminals System of 30 marine shore based terminals located at strategic distribution points along the Gulf Coast from Theodore, AL, to Corpus Christi, TX, and divided into…
TERMINALLING & STORAGE - SPECIALTY TERMINALS Expertise in Hard to Handle Product Logistics 17 specialty terminal facilities with aggregate storage capacity of 3.5 million barrels Provide storage and handling services for a broad…
TERMINALLING & STORAGE - SPECIALTY TERMINALS Corpus Christi Crude Terminal Strategically located at the primary downstream delivery point for growing Eagle Ford Shale production (Terminal point of the Harvest Pipeline) Initial…
TERMINALLING & STORAGE - SPECIALTY TERMINALS Specialized Naphthenic Processing Facility Naphthenic lube refinery in Smackover, AR Nameplate capacity of 7,700 bpd Approximately 10% of total US naphthenic lube market share…
TERMINALLING & STORAGE - PACKAGING AND LUBRICANTS Specialty lubricant product blending and packaging assets in Smackover, AR; entire platform rebranded as Martin Lubricants 235,000 sq. ft. warehouse 5.3 million gallons bulk storage…
NATURAL GAS SERVICES OVERVIEW Two Recent Acquisitions Representing 50+ million of Pro Forma Cash Flow Recent Growth in Fee-based Cash Flowing Assets Adjusted Segment EBITDA (1) Acquisition of remaining 57.8% of Cardinal Gas Storage…
SULFUR SERVICES OVERVIEW Manufactures/processes, handles and markets sulfur products, Adjusted Segment EBITDA fertilizer and sulfuric acid 50.0 in millions 44.6 MMLPs Sulfur Services key assets include: 37.5 34.4 34.0 27.9 4…
SULFUR SERVICES INTEGRATED VALUE CHAIN Provides transportation, processing and marketing services necessary to move product from producer to consumer Intermodal transportation offers multiple fee opportunities for the…
MARINE TRANSPORTATION OVERVIEW MMLPs Marine Transportation segment includes the following key assets: 56 inland marine tank barges 26 inland push-boats 4 offshore tug barge units Ability to handle specialty products (asphalt, fuel…
SELECT MMLP ORGANIC GROWTH PROJECTS Terminalling & Storage Neches Terminal Land Acquisition / Expansion Neches Copper Concentrate Terminal Corpus Christi Crude Terminal Expansion Hondo Asphalt Terminal Natural Gas Services WTLPG…
FURTHER FINANCIAL INFORMATION EBITDA RECONCILIATIONS
MMLP ADJUSTED EBITDA RECONCILIATION YTD 2014 ( in millions) Nine Months Ended September 30th, 2014 (Excludes Unallocated SG&A) Terminalling & Natural Gas Marine Sulfur Services MMLP Storage Services Transportation Operating Income…
MMLP ADJUSTED EBITDA RECONCILIATION YEAR ENDED 2013 ( in millions) Year Ended December 31, 2013 (Excludes Unallocated SG&A) Terminalling & Natural Gas Marine Sulfur Services MMLP Storage Services Transportation Operating Income…
MMLP ADJUSTED EBITDA RECONCILIATION YEAR ENDED 2012 ( in millions) Year Ended December 31, 2012 (Excludes Unallocated SG&A) Terminalling & Natural Gas Marine Sulfur Services MMLP Storage Services Transportation Operating Income…
MMLP ADJUSTED EBITDA RECONCILIATION YEAR ENDED 2011 ( in millions) Year Ended December 31, 2011 (Excludes Unallocated SG&A) Terminalling & Natural Gas Marine Sulfur Services MMLP Storage Services Transportation Operating Income…
Loading...
