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2012 WELLS FARGO ENERGY CONFERENCE – Blueknight Energy Partners, L.P.

Blueknight Energy Partners, L.P. · Dec 4, 2012 · 27 slides

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Slides

  1. 2012 WELLS FARGO ENERGY CONFERENCE – Blueknight Energy Partners, L.P. – slide 1
    2012 Wells Fargo Energy Conference New York, New York December 4, 2012 2012 Wells Fargo Energy Conference December 4, 2012 1 Private and Confidential (NASDAQ: BKEP & BKEPP)
  2. 2012 WELLS FARGO ENERGY CONFERENCE – Blueknight Energy Partners, L.P. – slide 2
    Presenters Mark Hurley Chief Executive Officer Alex Stallings Chief Financial Officer 2012 Wells Fargo Energy Conference December 4, 2012 3 Private and Confidential (NASDAQ: BKEP & BKEPP)
  3. 2012 WELLS FARGO ENERGY CONFERENCE – Blueknight Energy Partners, L.P. – slide 3
    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…
  4. 2012 WELLS FARGO ENERGY CONFERENCE – Blueknight Energy Partners, L.P. – slide 4
    Asset Portfolio Asphalt Terminal Network Crude oil 7.2 million Terminalling and barrels of asphalt Storage, Pipeline and Trucking and residual fuel Services oil storage 44 terminals across 22 states Terminalling and Storage…
  5. 2012 WELLS FARGO ENERGY CONFERENCE – Blueknight Energy Partners, L.P. – slide 5
    Ownership Structure As of November 20, 2012 2012 Wells Fargo Energy Conference December 4, 2012 6 Private and Confidential (NASDAQ: BKEP & BKEPP)
  6. 2012 WELLS FARGO ENERGY CONFERENCE – Blueknight Energy Partners, L.P. – slide 6
    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…
  7. 2012 WELLS FARGO ENERGY CONFERENCE – Blueknight Energy Partners, L.P. – slide 7
    Segment Overviews 2012 Wells Fargo Energy Conference December 4, 2012 8 Private and Confidential (NASDAQ: BKEP & BKEPP)
  8. 2012 WELLS FARGO ENERGY 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. 2012 WELLS FARGO ENERGY 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. 2012 WELLS FARGO ENERGY 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. 2012 WELLS FARGO ENERGY 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. 2012 WELLS FARGO ENERGY 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. 2012 WELLS FARGO ENERGY 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. 42 of our 44 asphalt facilities are under long-term contracts most of which expire at or near the end of…
  14. 2012 WELLS FARGO ENERGY CONFERENCE – Blueknight Energy Partners, L.P. – slide 14
    Strategic Focus 2012 Wells Fargo Energy Conference December 4, 2012 15 Private and Confidential (NASDAQ: BKEP & BKEPP)
  15. 2012 WELLS FARGO ENERGY CONFERENCE – Blueknight Energy Partners, L.P. – slide 15
    Current Shale Plays 2012 Wells Fargo Energy Conference December 4, 2012 16 Private and Confidential (NASDAQ: BKEP & BKEPP)
  16. 2012 WELLS FARGO ENERGY CONFERENCE – Blueknight Energy Partners, L.P. – slide 16
    Oil Production Growth 2012 Wells Fargo Energy Conference December 4, 2012 17 Private and Confidential (NASDAQ: BKEP & BKEPP)
  17. 2012 WELLS FARGO ENERGY CONFERENCE – Blueknight Energy Partners, L.P. – slide 17
    Business Strategy Strategic Objective: Grow Distributable Cash Flow Increase unit holder value Regular increases in common unit distribution 1. Provide midstream services to crude oil producers in developing areas of the…
  18. 2012 WELLS FARGO ENERGY CONFERENCE – Blueknight Energy Partners, L.P. – slide 18
    Keys to Success Capitalize on the aligned incentives and strategies of our Sponsors and Board U.S. growth vehicle Utilize industry expertise to develop projects (marketing, ideas, development) Commitment to provide incremental…
  19. 2012 WELLS FARGO ENERGY CONFERENCE – Blueknight Energy Partners, L.P. – slide 19
    Keys to Success Arbuckle Pipeline Project 37 million, 65-mile, Arbuckle crude oil pipeline Part of a long-term transportation agreement with XTO Energy Inc., a subsidiary of ExxonMobil Corporation Pipeline will interconnect to both…
  20. 2012 WELLS FARGO ENERGY CONFERENCE – Blueknight Energy Partners, L.P. – slide 20
    Next Ninety Days Complete staffing of Business Development team Develop joint strategy with Vitol Marketing team Meet with each key customer in targeted areas to understand transportation and storage needs Complete…
  21. 2012 WELLS FARGO ENERGY CONFERENCE – Blueknight Energy Partners, L.P. – slide 21
    Next Ninety Days Complete implementation of the high priority system and process initiatives in crude trucking Develop new pipelines for driver hiring and development Continue to examine the realignment of Cushing storage…
  22. 2012 WELLS FARGO ENERGY CONFERENCE – Blueknight Energy Partners, L.P. – slide 22
    Financial Overview 2012 Wells Fargo Energy Conference December 4, 2012 23 Private and Confidential (NASDAQ: BKEP & BKEPP)
  23. 2012 WELLS FARGO ENERGY CONFERENCE – Blueknight Energy Partners, L.P. – slide 23
    Financial Overview s in thousands 2012 Wells Fargo Energy Conference December 4, 2012 24 Private and Confidential (NASDAQ: BKEP & BKEPP)
  24. 2012 WELLS FARGO ENERGY CONFERENCE – Blueknight Energy Partners, L.P. – slide 24
    Financial Overview s in thousands 2012 Wells Fargo Energy Conference December 4, 2012 25 Private and Confidential (NASDAQ: BKEP & BKEPP)
  25. 2012 WELLS FARGO ENERGY CONFERENCE – Blueknight Energy Partners, L.P. – slide 25
    Selected Financial Data Year Ended Nine Months Ended (s in thousands) December 31 September 30, 2010 2011 2011 2012 Selected Consolidated Statement of Operations Data Service revenue: Crude Oil Terminalling and Storage Services…
  26. 2012 WELLS FARGO ENERGY CONFERENCE – Blueknight Energy Partners, L.P. – slide 26
    Adjusted EBITDA and Reconciliation of Non-GAAP Measures Adjusted EBITDA The following table presents a reconciliation of adjusted EBITDA to net income (loss) for the periods shown (in thousands): Twelve Months Ended Nine Months…
  27. 2012 WELLS FARGO ENERGY CONFERENCE – Blueknight Energy Partners, L.P. – slide 27
    Investment Considerations Completed capital and debt restructuring at year end 2011; well positioned Completed for growth Restructuring Targeted long-term coverage of 1.2x Increased common unit distribution 2.3% in Q3 2012 Strong…

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