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CITI 2012 MLP MIDSTREAM INFRASTRUCTURE CONFERENCE – Blueknight Energy Partners, L.P.

Blueknight Energy Partners, L.P. · Aug 22, 2012 · 23 slides

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Slides

  1. CITI 2012 MLP MIDSTREAM INFRASTRUCTURE CONFERENCE – Blueknight Energy Partners, L.P. – slide 1
    2012 MLP/Midstream Infrastructure Conference August 22 - 23, 2012 2012 MLP/Midstream Infrastructure Conference August 2223, 2012 1 (NASDAQ: BKEP & BKEPP)
  2. CITI 2012 MLP MIDSTREAM INFRASTRUCTURE CONFERENCE – Blueknight Energy Partners, L.P. – slide 2
    About Blueknight Blueknight Energy Partners, L.P. is a publicly traded master limited partnership formed in July 2007. General Partner owned equally by Vitol and Charlesbank Capital Partners Common units trade on NASDAQ under the…
  3. CITI 2012 MLP MIDSTREAM INFRASTRUCTURE CONFERENCE – Blueknight Energy Partners, L.P. – slide 3
    Asset Portfolio Legend Crude Oil Mid-Continent Pipeline System Mid-Continent Storage Facility Longview Pipeline System Longview Storage Facility Asphalt BKEP Asphalt Terminal BKEP Asphalt and Residual Fuel Terminal BKEP…
  4. CITI 2012 MLP MIDSTREAM INFRASTRUCTURE CONFERENCE – Blueknight Energy Partners, L.P. – slide 4
    Ownership Structure As of August 16, 2012 2012 MLP/Midstream Infrastructure Conference August 2223, 2012 5 (NASDAQ: BKEP & BKEPP)
  5. CITI 2012 MLP MIDSTREAM INFRASTRUCTURE CONFERENCE – Blueknight Energy Partners, L.P. – slide 5
    Sponsorship 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 physical oil…
  6. CITI 2012 MLP MIDSTREAM INFRASTRUCTURE CONFERENCE – Blueknight Energy Partners, L.P. – slide 6
    Recent Key Events TMG-crude oil Agreement with XTO Energy storage in to provide crude oil pipeline Completion of Cushing, OK transportation services TransMontaignes 1 million project announced announced barrels of Cushing, OK…
  7. CITI 2012 MLP MIDSTREAM INFRASTRUCTURE CONFERENCE – Blueknight Energy Partners, L.P. – slide 7
    Segment Overviews 2012 MLP/Midstream Infrastructure Conference August 2223, 2012 8 (NASDAQ: BKEP & BKEPP)
  8. CITI 2012 MLP MIDSTREAM INFRASTRUCTURE CONFERENCE – Blueknight Energy Partners, L.P. – slide 8
    Crude Oil Terminalling & Storage Services 7.8 million barrels of above-ground crude oil terminalling facilities and storage tanks providing our customers the ability to effectively manage their crude oil inventories and adding…
  9. CITI 2012 MLP MIDSTREAM INFRASTRUCTURE CONFERENCE – Blueknight Energy Partners, L.P. – slide 9
    Crude Oil Pipeline Mid-Continent/Eagle Mid-Continent Mainline System 820-mile gathering and transportation network that gathers wellhead crude oil at a capacity of 25,000 Bpd. Transports the crude oil to our Cushing terminal, other…
  10. CITI 2012 MLP MIDSTREAM INFRASTRUCTURE CONFERENCE – Blueknight Energy Partners, L.P. – slide 10
    Crude Oil Pipeline Longview System East Texas 330 miles of mostly intrastate crude oil pipelines near Longview, Texas. Connected to all major pipeline systems delivering crude oil to the midwest and local markets. Thompson System…
  11. CITI 2012 MLP MIDSTREAM INFRASTRUCTURE CONFERENCE – Blueknight Energy Partners, L.P. – slide 11
    Crude Oil Transports Trucking operations extend our ability to gather and aggregate crude oil on our systems and deliver product for third parties to their facilities. More than 150 owned or leased tanker trucks which have an…
  12. CITI 2012 MLP MIDSTREAM INFRASTRUCTURE CONFERENCE – Blueknight Energy Partners, L.P. – slide 12
    Producer Field Services Approximately 130 service trucks providing tailored field services to producers in the Texas and Oklahoma panhandles and in southwest Kansas. Services include: gas gathering pipeline maintenance water…
  13. CITI 2012 MLP MIDSTREAM INFRASTRUCTURE CONFERENCE – Blueknight Energy Partners, L.P. – slide 13
    Asphalt Services 7.2 million barrels of asphalt and residual fuel oil storage capacity in 44 terminals across 22 states. Strategically positioned to provide asphalt services in market areas throughout the continental United…
  14. CITI 2012 MLP MIDSTREAM INFRASTRUCTURE CONFERENCE – Blueknight Energy Partners, L.P. – slide 14
    Growth and Expansion Opportunities 2012 MLP/Midstream Infrastructure Conference August 2223, 2012 15 (NASDAQ: BKEP & BKEPP)
  15. CITI 2012 MLP MIDSTREAM INFRASTRUCTURE CONFERENCE – Blueknight Energy Partners, L.P. – slide 15
    Terminalling and Storage Opportunities Growth Midland, Longview and on-system storage Re-contract and extend terms of Cushing storage 5.8 million barrels of crude oil storage under contract with remaining terms ranging from…
  16. CITI 2012 MLP MIDSTREAM INFRASTRUCTURE CONFERENCE – Blueknight Energy Partners, L.P. – slide 16
    Growth and Expansion Opportunities Extension and volume enhancement of pipelines to support key independent producer relationships Mid-Continent Pipeline Provide creative midstream solutions to infrastructure-light west Texas and…
  17. CITI 2012 MLP MIDSTREAM INFRASTRUCTURE CONFERENCE – Blueknight Energy Partners, L.P. – slide 17
    Crude Oil Focus 2012 MLP/Midstream Infrastructure Conference August 2223, 2012 18 (NASDAQ: BKEP & BKEPP)
  18. CITI 2012 MLP MIDSTREAM INFRASTRUCTURE CONFERENCE – Blueknight Energy Partners, L.P. – slide 18
    Growth and Expansion Opportunities Expand water handling services -- disposal and reclamation Producer Field Services Searching for emerging opportunities to grow overall service capabilities Growth available with internal…
  19. CITI 2012 MLP MIDSTREAM INFRASTRUCTURE CONFERENCE – Blueknight Energy Partners, L.P. – slide 19
    Investment Considerations Completed Completed capital and debt restructuring at year end 2011; company is Restructuring well positioned for growth Dividends on units reinstated; targeted long-term coverage of 1.2x Strong balance…
  20. CITI 2012 MLP MIDSTREAM INFRASTRUCTURE CONFERENCE – Blueknight Energy Partners, L.P. – slide 20
    Appendix 2012 MLP/Midstream Infrastructure Conference August 2223, 2012 21 (NASDAQ: BKEP & BKEPP)
  21. CITI 2012 MLP MIDSTREAM INFRASTRUCTURE CONFERENCE – Blueknight Energy Partners, L.P. – slide 21
    Selected Financial Data 2012 MLP/Midstream Infrastructure Conference August 2223, 2012 22 (NASDAQ: BKEP & BKEPP)
  22. CITI 2012 MLP MIDSTREAM INFRASTRUCTURE CONFERENCE – Blueknight Energy Partners, L.P. – slide 22
    Non-GAAP Financial Measures Adjusted EBITDA - defined as earnings before interest, income taxes, depreciation, amortization, impairment, gain on sale of assets, and other miscellaneous non-cash items, including changes in the fair…
  23. CITI 2012 MLP MIDSTREAM INFRASTRUCTURE CONFERENCE – Blueknight Energy Partners, L.P. – slide 23
    Reconciliation of Non-GAAP Measures 2012 MLP/Midstream Infrastructure Conference August 2223, 2012 24 (NASDAQ: BKEP & BKEPP)

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