GHS 100 Energy Conference Norm Szydlowski, President and CEO June 26, 2012 1
GHS Conference June 2012 Non-GAAP Financial Measures SemGroup Adjusted EBITDA is presented in this presentation for certain periods. Adjusted EBITDA is not a generally accepted accounting principles (GAAP) in the United States of…
GHS Conference June 2012 SemGroup Corporation Rose Rock Midstream, L.P. (NYSE: SEMG) (NYSE: RRMS) Listed on NYSE November 2010 IPO December 2011 C-Corp MLP Owns RRMS General Partner Owner/Operator of all RRMS assets Total…
GHS Conference June 2012 SEMG Ownership Structure Rose Rock Midstream GP, LLC NYSE: SEMG Incentive Distribution Rights Public Public 41.9 mm 7.0 mm Shares 2% GP Interest Outstanding Common Units 40.9% LP Interest…
GHS Conference June 2012 Business Strategy Our principal business strategy is to: Capitalize on Organic Generate Consistent Growth Opportunities Operating Margins, Associated with Existing Earnings and Cash Flows Assets…
GHS Conference June 2012 Strategically Positioned in Key Growth Areas Primary assets located in the Liquids Fairway in the Mid-Continent Region Montney/Duvernay Canadian sour and Montney/ Duvernay Shale sweet gas processing…
GHS Conference June 2012 Crude Business Overview Rose Rock Midstream Storage 7 million barrels in Cushing, OK 5 year contracts first expiration 2015 Connectivity to all major inbound/outbound pipelines Transportation 640 miles…
GHS Conference June 2012 Cushing is a Liquidity Hub Designated point of delivery for NYMEX crude oil futures contracts Cushing Commentary North American Oil Flow Legend Alberta Continues to serve as the primary crude Basin…
GHS Conference June 2012 Natural Gas Business Overview SemCAMS (Canada) Located in: Montney Shale liquids rich sour gas Duvernay Shale liquids rich sweet gas Two sour and two sweet natural gas processing plants Current…
GHS Conference June 2012 Strong Platform for Growth Drop Downs Organic 3rd Party from Growth Acquisitions SemGroup Substantial infrastructure demands in emerging resource plays 11 11
GHS Conference June 2012 Future Growth in Drop Downs Total Adjusted Assets EBITDA (dollars in millions) Asset Description 12/31/11 FY 2011 527-mile crude oil pipeline White Cliffs Pipeline 70,000 barrels per day capacity 144.9…
GHS Conference June 2012 Key Investment Considerations Strategically Located Assets that Provide a Strong Platform Ability to add strategic infrastructure in growing unconventional oil and gas plays for Growth Investing 180…
Appendix 15
GHS Conference June 2012 SemGroups Fee-based Business Model Gross Margin Contribution* Business Unit Fixed Fee Variable Fee Marketing 6% 9% SemGas 6% 94% SemCAMS 100% SemLogistics 100% SemMaterials Mexico 100% 85% White…
GHS Conference June 2012 SemGroup Results Segment Adjusted EBITDA Full Year (dollars in millions, unaudited)(1) Assets 1Q 2012 2011 RRMS, White Cliffs Pipeline, Glass Mountain Pipeline, Wattenberg Oil Crude(2) Trunkline 20.6 62.2…
GHS Conference June 2012 2012 Capex Guidance 2012 Capital Expenditures - 180 million Q1-Year-to-Date Spend - 16 million 4 5 2% 2012 Guidance 2012 Guidance 3% Crude - RRMS 30 28 21 16% Crude - SEMG 12% 17% Growth SemGas…
GHS Conference June 2012 RRMS Ownership Structure Public 7.0 mm 100% Interest Common Units Rose Rock Midstream GP, LLC 1.4 mm Common Units Incentive Distribution Rights 8.4 mm Subordinated Units 2% GP Interest 40.9% LP…
GHS Conference June 2012 RRMS Strategically Located Assets Cushing KS/OK Pipeline 7 million barrels of storage and Storage 96% under long-term fixed fee contracts with third parties- first expiration 2015 All tanks constructed…
GHS Conference June 2012 RRMS Strategically Located Assets Bakken Shale 8,200 barrels per day 30-day evergreen contracts Bakken Two truck unloading facilities 17 gathering trucks Operation Transport via truck, rail or third party…
GHS Conference June 2012 Cushing Market Overview Pipelines Into Cushing Pipelines Out of Cushing Rose Rock Midstream ConocoPhillips (2) White Cliffs Pipeline Plains Keystone BP Spearhead (Canadian) Ozark Plains (5) W. Tulsa…
GHS Conference June 2012 SemLogistics Largest independent petroleum products storage facility in U.K. Receive product from the Middle East and Europe and deliver to Europe, West Africa and the United States 8.7 million barrels…
GHS Conference June 2012 SemMaterials Mxico Provide asphalt products and services 15 in-country terminals 2 National labs Importing product to diversify suppliers Diversified customer base Market share 1Q 2012 25% 24 24
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