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2Q 2012 EARNINGS CALL – Sunoco Logistics Partners L.P.

Sunoco Logistics Partners L.P. · Aug 2, 2012 · 25 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. 2Q 2012 EARNINGS CALL – Sunoco Logistics Partners L.P. – slide 1
    2Q12 Earnings g Conference Call August 2, 2012
  2. 2Q 2012 EARNINGS CALL – Sunoco Logistics Partners L.P. – slide 2
    Strategic Update Energy Transfer Partners acquisition of Sunoco Amended S-4 S 4 registration statement filed last week On track and working toward closing in the fourth quarter of 2012 Joint venture with The Carlyle Group at…
  3. 2Q 2012 EARNINGS CALL – Sunoco Logistics Partners L.P. – slide 3
    Summary of Sunoco 2nd Quarter 2012 Performance Sunoco reported income of 129MM before special items(1) Continued strong performance from Logistics and Retail (2) 206MM adjusted EBITDA for Sunoco Logistics Partners in 2Q12 Pretax…
  4. 2Q 2012 EARNINGS CALL – Sunoco Logistics Partners L.P. – slide 4
    SXL: Highlights g 10% Distribution increase (quarter over quarter) g29th consecutive distribution increase gRecord quarterly performance: g206 million Adjusted EBITDA g166 million Distributable Cash Flow (DCF) gStrong demand for…
  5. 2Q 2012 EARNINGS CALL – Sunoco Logistics Partners L.P. – slide 5
    SXL: Projects g Successful Open Seasons: g Mariner West (natural gas liquids) g Original 110 MB/D West Texas Crude expansion (crude oil) g Two Open Seasons underway: g Permian Express Phase I (crude oil) g Allegheny Access…
  6. 2Q 2012 EARNINGS CALL – Sunoco Logistics Partners L.P. – slide 6
    SXL: Permian Express (In Open Season) J Additi Additional lWWestt TX C Crude d EExpansion i gContinued strong demand for takeaway capacity out of the Permian Basin gPhase I Open Season in progress - Wichita Falls to Nederland…
  7. 2Q 2012 EARNINGS CALL – Sunoco Logistics Partners L.P. – slide 7
    SXL: Allegheny Access (In Open Season) J Midwest products to Eastern Ohio and Western Pennsylvania gStrong demand to move Midwest Allegheny Access refined products east - Refinery expansions - Refinery economics gUtilizes existing…
  8. 2Q 2012 EARNINGS CALL – Sunoco Logistics Partners L.P. – slide 8
    SXL: Mariner East (Actively Developing) J Marcellus Shale Pipeline Solution: gContinued strong demand for NGL takeaway capacity out of the Marcellus gPipeline and marine project - East Coast exports gPrimarily Pi il existing i…
  9. 2Q 2012 EARNINGS CALL – Sunoco Logistics Partners L.P. – slide 9
    Sunoco Pretax Income/(Loss) Three Months Ended Six Months Ended ( (amounts i millions) in illi ) June 30, June 30, 2012 2011 2012 2011 Logistics 82 54 139 85 Retail Marketing 73 69 67 81 Refining & Supply 87 (44) - (182)…
  10. 2Q 2012 EARNINGS CALL – Sunoco Logistics Partners L.P. – slide 10
    Cash and Debt Breakdown (amounts in millions) 12/31/2011 6/30/2012 Sunoco ex Sunoco ex MM Sunoco SXC SXL SXL/SXC Sunoco SXL SXL Debt 3,544 726 1,698 1,120 2,548 1,559 989 Less: Cash (1) (2,064) (128) (112) (1,824) (1,884) (12)…
  11. 2Q 2012 EARNINGS CALL – Sunoco Logistics Partners L.P. – slide 11
    Path Forward Continue focus on high-return logistics and retail businesses Execute on growth plan in SXL SXL, including 350 to 400 million of organic opportunities in 2012 Closing on Philadelphia Energy Solutions joint venture…
  12. 2Q 2012 EARNINGS CALL – Sunoco Logistics Partners L.P. – slide 12
    Appendix pp
  13. 2Q 2012 EARNINGS CALL – Sunoco Logistics Partners L.P. – slide 13
    SUN Earnings Profile (amounts in millions, except per unit amounts) Three Months Ended Six Months Ended June 30, June 30, 2012 2011 2012 2011 Logistics 82 54 139 85 Retail Marketing 73 69 67 81 Refining & Supply 87 (44) - (182)…
  14. 2Q 2012 EARNINGS CALL – Sunoco Logistics Partners L.P. – slide 14
    SXL Q2 2012 Earnings Highlights ( (amounts i millions) in illi ) Three Months Ended Six Months Ended June 30, June 30, 2012 2011 2012 2011 Sales and other operating p g revenue 3,313 2,424 6,714 4,682 Other income 5 4 7 6 Gain…
  15. 2Q 2012 EARNINGS CALL – Sunoco Logistics Partners L.P. – slide 15
    SXL Q2 2012 Earnings Highlights (amounts in millions, except per unit amounts) Three Months Ended Six Months Ended June 30, June 30, 2012 2011 2012 2011 Calculation of Limited Partners' interest: Net Income attributable to Partners…
  16. 2Q 2012 EARNINGS CALL – Sunoco Logistics Partners L.P. – slide 16
    SXL Q2 2012 Earnings Highlights ( (amounts i millions) in illi ) Three Months Ended Six Months Ended June 30, June 30, 2012 2011 2012 2011 Capital Expenditure Data: p expenditures Maintenance capital p 11 7 18 10 Expansion…
  17. 2Q 2012 EARNINGS CALL – Sunoco Logistics Partners L.P. – slide 17
    SXL Non-GAAP Financial Measures ( (amounts i millions) in illi ) Three Months Ended Six Months Ended June 30, June 30, 2012 2011 2012 2011 Net Income attributable to Partners 152 94 247 142 Add: Interest expense, net 21 19 45 39…
  18. 2Q 2012 EARNINGS CALL – Sunoco Logistics Partners L.P. – slide 18
    SXL YTD 2Q12 Unusual Items Sunoco Logistics non-recurring items year-to-date 2012: ( (amounts t iin millions) illi ) Adjusted EBITDA & Operating DCF Income Item Segment Impact Impact 1Q12 Contract Settlement - Terminal…
  19. 2Q 2012 EARNINGS CALL – Sunoco Logistics Partners L.P. – slide 19
    SXL Crude Oil Pipelines (financial amounts in millions) Three Months Ended Six Months Ended June 30, June 30, 2012 2011 2012 2011 Financial Highlights Sales and other operating revenue 100 81 180 152 Operating income 64 47 116 86…
  20. 2Q 2012 EARNINGS CALL – Sunoco Logistics Partners L.P. – slide 20
    SXL Crude Oil Acquisition and Marketing (financial amounts in millions) Three ee Months o t s Ended ded Six Months S o t s Ended ded June 30, June 30, 2012 2011 2012 2011 Financial Highlights(1) Sales and other operating…
  21. 2Q 2012 EARNINGS CALL – Sunoco Logistics Partners L.P. – slide 21
    SXL Terminal Facilities (financial amounts in millions) Three Months Ended Six Months Ended June 30, June 30, 2012 2011 2012 2011 Financial Highlights(1) Sales and other operating revenue 170 93 305 186 Operating income 61 34 98 63…
  22. 2Q 2012 EARNINGS CALL – Sunoco Logistics Partners L.P. – slide 22
    SXL Refined Products Pipelines (financial amounts in millions) Three Months Ended Six Months Ended June 30, June 30, 2012 2011 2012 2011 Financial Highlights(1) Sales and other operating revenue 32 29 63 56 Operating income 7 8 13…
  23. 2Q 2012 EARNINGS CALL – Sunoco Logistics Partners L.P. – slide 23
    SUN Key Indicators YTD 1Q11 2Q11 3Q11 4Q11 FY11 1Q12 2Q12 2012 Realized Margin Indicators Refining & Supply, /B 3.14 4.31 4.89 1.13 3.39 1.83 7.43 4.54 Retail Marketing, cpg Gasoline 6.7 6 7 12.2 12 2 10.3 10 3 9.8 9 8 9.8 9…
  24. 2Q 2012 EARNINGS CALL – Sunoco Logistics Partners L.P. – slide 24
    SUN Key Volume Indicators Retail and R&S 1Q11 2Q11 3Q11 4Q11 FY11 1Q12 2Q12 Retail Marketing Gasoline Sales, MM Gal 1,084 1,159 1,194 1,130 4,567 1,078 1,128 Middle Distillate Sales Sales, MM Gal 97 105 118 114 435 103 105 Total…
  25. 2Q 2012 EARNINGS CALL – Sunoco Logistics Partners L.P. – slide 25
    For More Information Media releases and SEC filings are available on our websites at www.SunocoInc.com www SunocoInc com and www.Sunocologistics.com Contact for more information: Pete Gvazdauskas (SXL) (215) 977-6322 Clare…

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