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TUDOR PICKERING HOTTER N HELL ENERGY CONFERENCE – Rose Rock Midstream, L.P.

Rose Rock Midstream, L.P. · Aug 9, 2012 · 24 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. TUDOR PICKERING HOTTER N HELL ENERGY CONFERENCE – Rose Rock Midstream, L.P. – slide 1
    Tudor Pickering Hotter N Hell Energy Conference August 9, 2012 1
  2. TUDOR PICKERING HOTTER N HELL ENERGY CONFERENCE – Rose Rock Midstream, L.P. – slide 2
    August 2012 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…
  3. TUDOR PICKERING HOTTER N HELL ENERGY CONFERENCE – Rose Rock Midstream, L.P. – slide 3
    August 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 Equity Value(1)…
  4. TUDOR PICKERING HOTTER N HELL ENERGY CONFERENCE – Rose Rock Midstream, L.P. – slide 4
    August 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 SemMaterials…
  5. TUDOR PICKERING HOTTER N HELL ENERGY CONFERENCE – Rose Rock Midstream, L.P. – slide 5
    August 2012 Our 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…
  6. TUDOR PICKERING HOTTER N HELL ENERGY CONFERENCE – Rose Rock Midstream, L.P. – slide 6
    August 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 Bakken liquids…
  7. TUDOR PICKERING HOTTER N HELL ENERGY CONFERENCE – Rose Rock Midstream, L.P. – slide 7
    August 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 of pipeline…
  8. TUDOR PICKERING HOTTER N HELL ENERGY CONFERENCE – Rose Rock Midstream, L.P. – slide 8
    August 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 Existing Major…
  9. TUDOR PICKERING HOTTER N HELL ENERGY CONFERENCE – Rose Rock Midstream, L.P. – slide 9
    August 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 operational capacity…
  10. TUDOR PICKERING HOTTER N HELL ENERGY CONFERENCE – Rose Rock Midstream, L.P. – slide 10
    August 2012 Track Record of Value Creation Agreement with Eagle Energy Company to gather and process natural gas in the Contributed Mississippi Lime Play in Oklahoma SemStream to NGL Announced plans Agreement finalized for…
  11. TUDOR PICKERING HOTTER N HELL ENERGY CONFERENCE – Rose Rock Midstream, L.P. – slide 11
    August 2012 Strong Platform for Growth Drop Downs Organic 3rd Party from Growth Acquisitions SemGroup Substantial infrastructure demands in emerging resource plays 12 12
  12. TUDOR PICKERING HOTTER N HELL ENERGY CONFERENCE – Rose Rock Midstream, L.P. – slide 12
    August 2012 2012 Capex Guidance 2012 Capital Expenditures - 180 million 4 5 2% 2012 Guidance 2012 Guidance 3% Crude - RRMS 21 30 33 12% 17% 18% Crude - SEMG Growth 23 SemGas Maintenance 13% 31 150 Refurbishment 17%…
  13. TUDOR PICKERING HOTTER N HELL ENERGY CONFERENCE – Rose Rock Midstream, L.P. – slide 13
    August 2012 Future Growth in Drop Downs Total Adjusted Assets EBITDA (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 25.6 (51% ownership)…
  14. TUDOR PICKERING HOTTER N HELL ENERGY CONFERENCE – Rose Rock Midstream, L.P. – slide 14
    August 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 million in new…
  15. TUDOR PICKERING HOTTER N HELL ENERGY CONFERENCE – Rose Rock Midstream, L.P. – slide 15
    Appendix 16
  16. TUDOR PICKERING HOTTER N HELL ENERGY CONFERENCE – Rose Rock Midstream, L.P. – slide 16
    August 2012 SemGroups Fee-based Business Model Gross Margin Contribution* Business Unit Fixed Fee Variable Fee Marketing 6% SemGas 6% 94% 9% SemCAMS 100% SemLogistics 100% SemMaterials Mexico 100% 85% White Cliffs Pipeline 100%…
  17. TUDOR PICKERING HOTTER N HELL ENERGY CONFERENCE – Rose Rock Midstream, L.P. – slide 17
    August 2012 SemGroup Results Segment Adjusted EBITDA (in millions, unaudited)(1) Assets 2Q 2012 YTD 2012(2) Crude(3) RRMS, White Cliffs Pipeline, Glass Mountain Pipeline, Wattenberg Oil Trunkline 19.8 40.4 SemGas Northern Oklahoma…
  18. TUDOR PICKERING HOTTER N HELL ENERGY CONFERENCE – Rose Rock Midstream, L.P. – slide 18
    August 2012 2012 Capex Guidance 2012 Capital Expenditures - 180 million Year-to-Date Spend - 44 million 4 5 2012 Guidance 2012 Guidance 2% 3% Crude - RRMS 21 30 33 17% 18% Crude - SEMG 12% Growth 23 SemGas Maintenance 13%…
  19. TUDOR PICKERING HOTTER N HELL ENERGY CONFERENCE – Rose Rock Midstream, L.P. – slide 19
    August 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 Interest 57.1% LP…
  20. TUDOR PICKERING HOTTER N HELL ENERGY CONFERENCE – Rose Rock Midstream, L.P. – slide 20
    August 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 since 2008…
  21. TUDOR PICKERING HOTTER N HELL ENERGY CONFERENCE – Rose Rock Midstream, L.P. – slide 21
    August 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 pipeline…
  22. TUDOR PICKERING HOTTER N HELL ENERGY CONFERENCE – Rose Rock Midstream, L.P. – slide 22
    August 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 Oxy Sunoco…
  23. TUDOR PICKERING HOTTER N HELL ENERGY CONFERENCE – Rose Rock Midstream, L.P. – slide 23
    August 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 of storage…
  24. TUDOR PICKERING HOTTER N HELL ENERGY CONFERENCE – Rose Rock Midstream, L.P. – slide 24
    August 2012 SemMaterials Mxico Provide asphalt products and services 15 in-country terminals 2 National labs Importing product to diversify suppliers Diversified customer base 2Q volumes increased 10% 25 25

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