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…
Track Record of Value Creation Agreement with Eagle Energy Company to gather and process natural gas in the Mississippi Lime Play Agreement Purchased SemGroup in Oklahoma Contributed finalized for additional dropped down Closed…
SemGroup Corp Ownership Structure 5
Rose Rock Midstream Ownership Structure 6
Business Strategy Capitalize on Organic Generate Consistent Growth Opportunities Operating Margins, with Existing and Earnings and Cash Flows New Assets Grow Our Business Maintain Financial Through Strategic and Flexibility…
Crude and Gas Assets in Key Growth Areas Primary assets located in the Liquids Fairway in the Mid-Continent Region Montney/ Duvernay Shale Montney/Duvernay Canadian sour and sweet gas gathering and processing Bakken Williston…
SemGroup Corporate Crude Business Overview White Cliffs Pipeline 34% ownership 527-mile crude oil pipeline from DJ Basin to Cushing, OK Current capacity 76,000 barrels per day Growth Debottlenecking project - completed June 2013…
Rose Rock Midstream Crude Business Overview Cushing 7.25 million barrels of storage 96% under long-term fixed fee contracts with third-party customers and one affiliated company with first expiration of third-party contract in 2015…
Rose Rock Midstream Crude Business Overview Bakken Shale Average marketed volumes of 7,100 barrels per day for FY 2012 30-day evergreen contracts Two truck unloading facilities 17 gathering trucks Bakken Transport via truck,…
DJ Basin Overview Nobles DJ Basin Activity Anadarkos DJ Basin Activity 2.1 BBoe net resources 1.0 - 1.5 BBoe net resources 1.7 BBoe net oil 4,000+ horizontal drilling locations 8,000 drilling locations in the oil window Accelerating…
Cushing is a Liquidity Hub Designated point of delivery for NYMEX crude oil futures contracts Cushing Commentary North American Oil Flow Continues to serve as the primary crude Alberta Basin Legend oil hub in the U.S. Alberta…
Natural Gas Business Overview SemCAMS (Canada) Located in: Western Canadian Sedimentary Basin sour gas Montney Shale liquids rich sour gas Duvernay Shale liquids rich sweet gas Two sour and two sweet natural gas processing plants…
SemGroup Acquisition Mississippi Lime Gas Gathering & Processing 300 million purchase price 200 miles of gathering pipeline currently in service Rose Valley I plant - 200 mmcf/d cryo plant, 1Q 2014 Rose Valley II plant - 200 mmcf/d…
Mississippi Lime Footprint 18
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 of storage Two deep water…
SemMaterials Mxico Provide asphalt products and services 15 in-country terminals 2 National labs Importing product to diversify suppliers Diversified customer base 20
SemGroups Fee-based Business Model Adjusted Gross Margin Fixed Fee Variable Fee Marketing Contribution(1) SemGas 8% 92% 87% SemCAMS 100% SemLogistics 100% 9% SemMaterials Mexico 100% 4% White Cliffs Pipeline 100% Rose Rock…
SemGroup Second Quarter Results Six Months Ended As Reported (in millions, excluding EPS, unaudited) 2Q 2013 1Q 2013 June 2013 June 2012 Net income attributable to SemGroup 3.6 43.4 47.0 3.8 Net income per share - diluted 0.08 1.03…
SemGroup Segment Results Six Months Ended (1) Segment (2) Adjusted EBITDA (in millions, unaudited) 2Q 2013 1Q 2013 June 2013 June 2012 Crude 24.6 25.9 50.5 40.4 SemGas 7.7 3.9 11.6 3.9 SemCAMS 7.9 4.8 12.7 13.0 SemLogistics…
SemGroup Corporation 2013 Adjusted EBITDA Guidance 165 to 175 million(1) 2013 Adjusted EBITDA Guidance Assumptions 2013 vs 2012 Adjusted EBITDA Crude (in millions) + Average crude price 93 per barrel RRMS 200 + Full year EBITDA…
Cash Distributions NGL Energy Partners LP Rose Rock Midstream, L.P. (NYSE: NGL) (NYSE: RRMS) (in thousands, excluding per unit amounts) (in thousands, excluding per unit amounts) NGL common units owned by SemGroup 9,133 Common units…
2013 Goals Safety Maintain strong safety and environmental record Deliver on Financial Targets Achieve Adjusted EBITDA and capex guidance Disciplined Investments Execute 2013 capital program Selectively pursue third-party…
Rose Rock Midstream Second Quarter Results Six Months Ended As Reported (in millions, unaudited) 2Q 2013 1Q 2013 June 2013 June 2012 Operating income 11.6 13.7 25.4 13.9 (1) EBITDA 15.3 17.3 32.6 19.8 (1) Selected Non-Cash Items…
Rose Rock Midstream 2013 Adjusted EBITDA Guidance 56 to 60 million(1) 2013 Adjusted EBITDA Guidance Assumptions 2013 vs 2012 Adjusted EBITDA (in millions) + Average crude price 93 per barrel 70 + Full year EBITDA contribution…
2013 Capex Guidance SemGroup and Rose Rock Midstream 2013 Capital Expenditures 850 million YTD Spend - 141 million Crude - RRMS 432 Crude - SEMG 51% 163 SemGas 46 19% 5% 76 SemCAMS 103 30 9% 12% 4% Other Growth…
2013 Capex Guidance SemGroup and Rose Rock Midstream 2013 Capital Expenditures 850 million YTD Spend - 141 million Normalized (USD in millions) Estimated Total Annual EBITDA 2013 Capex 2014 Capex(1) (1) Segment Description…
Strong Platform for Growth Drop Downs Organic 3rd Party from Growth Acquisitions SemGroup Substantial infrastructure demands in emerging resource plays 32
Future Growth in Drop Downs Rose Rock Midstreams relationship with SemGroup allows for potential future drop downs Adjusted EBITDA (in millions) Asset Description LTM 527-mile crude oil pipeline - 76,000 bpd capacity White Cliffs…
Key Investment Considerations Strategically Located Assets that Provide a Strong Well positioned to add strategic infrastructure in growing Platform for Growth unconventional oil and gas plays SEMG and RRMS investing 400 million…
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