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MAY 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P.

Rose Rock Midstream, L.P. · May 5, 2014 · 20 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. MAY 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 1
    Investor Presentation May 2014
  2. MAY 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 2
    Non-GAAP Financial Measures SemGroup Adjusted EBITDA is presented in this presentation for certain periods. Adjusted EBITDA is not a U.S. generally accepted accounting principles (GAAP) measure and is not intended to be used in lieu of a…
  3. MAY 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 3
    Two Public Companies SemGroup Corporation Rose Rock Midstream C-Corp assets in US, Canada, Mexico & UK Master Limited Partnership (MLP) General Partner of RRMS IPO December 2011 Publicly Traded November 2010 Units: 26.5 million…
  4. MAY 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 4
    SemGroup Ownership Structure 5
  5. MAY 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 5
    Business Strategy Capitalize on Organic Generate Consistent Growth Opportunities Earnings and Cash with Existing and Flows New Assets Grow Our Business Maintain Financial Through Strategic and Flexibility and Utilize…
  6. MAY 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 6
    Crude and Gas Assets in Key Growth Areas 7
  7. MAY 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 7
    Crude Business Overview SemGroup Corporation White Cliffs Pipeline 17% ownership DJ Basin to Cushing, OK 527-mile, 12-inch pipeline 76,000 bpd current capacity 80,000 bpd expansion August 2014 completion Glass Mountain Pipeline In…
  8. MAY 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 8
    Crude Business Overview Rose Rock Midstream Cushing Kansas/Oklahoma System 7.6 million barrels of storage Approximately 600-mile gathering and transportation 86% under long-term fixed fee contracts with first pipeline system…
  9. MAY 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 9
    Crude Key Performance Metrics RRMS Cushing Storage RRMS Transportation Volumes 7.6 million Barrels Capacity (Thousand Barrels per Day) 120 8 0.50 100 1.10 1.10 1.10 1.85 42.7 6 3.35 80 30.9 1.10 60 9.7 4 40 1.10 6.50 6.50…
  10. MAY 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 10
    Natural Gas Business Overview SemCAMS (Canada) Located in: Western Canadian Sedimentary Basin sour gas Montney liquids rich sour gas Duvernay liquids rich sweet gas Two sour and two sweet natural gas processing plants Current…
  11. MAY 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 11
    SemGas Northern Oklahoma Processing Mississippi Lime Play Northern Oklahoma System 4Q 2013 1Q 2014 1Q 2016 Processing Capacity 165 mmcf/d 365 mmcf/d 565 mmcf/d Miles of Pipeline 600 600 of Rigs in Dedicated Acreage 15 15 Avg.…
  12. MAY 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 12
    SemGroup Capitalization & Liquidity (in millions) March 31, 2014 December 31, 2013 Total Consolidated Debt 673 615 Owner's Equity 1,218 1,214 Total Book Capitalization 1,891 1,829 Consolidated Credit Metrics Net Debt 598 536…
  13. MAY 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 13
    SemGroup Corporation 2014 Capital Expenditure Guidance 2014 Capital Expenditures 415 million(1) More than 85% of capital expenditures are focused on growth 133 capital 32% 219 53% Mid-teens or higher returns on organic growth…
  14. MAY 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 14
    SemGroup Corporation 2014 Capital Expenditure Guidance Project Spend (in millions) Estimated Through Total Segment Description Completion Date 12/31/2013 2014 Capex 2015 Capex CapEx Crude-RRMS White Cliffs Pipeline expansion (1)…
  15. MAY 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 15
    First Quarter Results Adjusted EBITDA(1) 1Q 2014 4Q 2013 2014 Guidance SemGroup 67.3 million 57.8 million 245 - 265 million Rose Rock Midstream 27.8 million 21.0 million 92 - 97 million 1st Quarter Highlights Carlin Conner,…
  16. MAY 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 16
    SemGroup Segment Results Segment Adjusted EBITDA(1) (in millions, unaudited) 1Q 2014 4Q 2013 Crude(2) 35.1 31.0 SemGas 12.8 12.0 SemCAMS 11.7 9.6 SemLogistics 1.1 (0.1) SemMaterials Mexico 5.1 4.8 SemStream 5.2 4.8 Corporate and…
  17. MAY 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 17
    SemGroups Fee-based Business Model Margin Contribution(1) Fixed Fee Variable Fee Marketing 86% SemGas(2) 42% 58% SemCAMS 100% SemLogistics 100% 9% SemMaterials Mexico 100% 5% White Cliffs Pipeline 100% Rose Rock Midstream(3)…
  18. MAY 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 18
    SemGroup Corporation Dividend Growth 0.3000 In 2014 we will continue our dividend practice of passing through most of our 0.2500 0.2400 cash distributions received from our MLP investments 0.2200 0.2100 Targeting dividend…
  19. MAY 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 19
    Rose Rock Midstream Distribution Per LP Unit 2014 Target Coverage Ratio 1.1x-1.2x 2014 Target Distribution Growth 15% year-over-year(1) 0.6000 0.4950 0.5000 0.4650 0.4500 0.4400 0.4300 0.4025 0.4000 0.3625 0.3000…
  20. MAY 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 20
    Future Growth in Drop Downs Rose Rock Midstreams relationship with SemGroup allows for potential future drop downs Asset Description 527-mile crude oil pipeline - 76,000 bpd capacity White Cliffs Pipeline Incremental 80,000 bpd…

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