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

Rose Rock Midstream, L.P. · Dec 10, 2014 · 21 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. DECEMBER 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 1
    Investor Presentation December 2014
  2. DECEMBER 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. DECEMBER 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: 29.0 million…
  4. DECEMBER 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 4
    SemGroup Ownership Structure 5
  5. DECEMBER 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 5
    Business Strategy Focused Growth Quality Cash Flows Capitalize on organic growth Generate consistent earnings and opportunities with existing and cash flows new assets Grow our business through strategic Focus on fee-based…
  6. DECEMBER 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 6
    Crude and Gas Assets in Key Growth Areas 7
  7. DECEMBER 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 7
    Crude Business Overview SemGroup Corporation Glass Mountain Pipeline In service February 2014 210-mile pipeline Two laterals Granite Wash and Mississippi Lime Play join and terminate in Cushing 140,000 bpd current capacity…
  8. DECEMBER 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 86% under long-term fixed fee contracts with first expiration transportation pipeline…
  9. DECEMBER 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 9
    Crude Key Performance Metrics Crude Cushing Storage Crude Transportation Volumes 7.6 million Barrels Capacity (Thousand Barrels per Day) 8 0.50 300 1.10 1.10 1.10 2.10 250 6 3.60 61.1 200 43.7 61.7 1.10 31.2 150 11.0 26.6 28.5…
  10. DECEMBER 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 10
    White Cliffs Pipeline Customer Mix White Cliffs Customer Throughput % 3% 2% 100% 5% 8% 9% 10% 80% 60% 97% 98% 100% 95% 92% 91% 90% 40% 20% 0% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 2013 2014 Owner Non-Owner White Cliffs…
  11. DECEMBER 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 11
    SemGas Natural Gas Business SemGas Areas of Operation Northern Oklahoma Average Processed Volume (mmcf/d) 400 350 300 250 200 315.9 150 251.4 100 167.7 143.4 156.9 50 96.6 60.0 67.1 66.7 71.0 70.5 Located in…
  12. DECEMBER 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 12
    SemCAMS Natural Gas Business Average Throughput Volume (mmcf/d) SemCAMS Areas of Operation 500 443.5 438.4 419.5 412.5 400 376.5 378.8 159.6 152.6 146.9 334.3 138.3 128.5 300 162.6 186.1 200 283.9 272.6 285.8 274.2 250.3 100…
  13. DECEMBER 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 13
    SemGroup Capitalization & Liquidity December 31, September 30, 2014 (in millions) 2013 Total Consolidated Debt 793 615 Owner's Equity 1,171 1,214 Total Book Capitalization 1,964 1,829 Consolidated Credit Metrics Net Debt 726 536…
  14. DECEMBER 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 14
    SemGroup Corporation 2014 Capital Expenditure Guidance 2014 Capital Expenditures 475 million(1)(2) Nearly 90% of capital expenditures are 185 focused on growth capital 39% 227 Mid-teens or higher returns on organic 48% growth…
  15. DECEMBER 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 15
    SemGroup Corporation 2014 Capital Expenditure Guidance Project Spend (in millions) Estimated Through Total Segment Description Completion Date 12/31/2013 2014 Capex(1) 2015 Capex CapEx Crude-RRMS White Cliffs Pipeline expansion(2)…
  16. DECEMBER 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 16
    Third Quarter Results Adjusted EBITDA(1) 3Q 2014 2Q 2014 1Q 2014 2014 Guidance(2) SemGroup 79.4 million 57.5 million 67.3 million 260 - 275 million Rose Rock Midstream 31.0 million 20.6 million 27.8 million 115 - 120 million…
  17. DECEMBER 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 17
    SemGroup Segment Results Segment Adjusted EBITDA(1) (in millions, unaudited) 3Q 2014 2Q 2014 1Q 2014 Crude(2) 40.6 30.3 35.1 SemGas 17.1 14.6 12.8 SemCAMS 16.8 8.0 11.7 SemLogistics (2.3) 0.4 1.1 SemMaterials Mexico 4.5 3.0 5.1…
  18. DECEMBER 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 18
    SemGroups Fee-based Business Model Margin Contribution(1) Fixed Fee Variable Fee Marketing SemGas(2) 53% 47% 86% SemCAMS 100% SemLogistics 100% 9% SemMaterials Mexico 100% 5% White Cliffs Pipeline 100% Rose Rock Midstream(3)…
  19. DECEMBER 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 19
    SemGroup Corporation Dividend Growth 0.3500 0.3000 Our current dividend policy is to pass 0.2700 through the after-tax cash distributions received from our MLP investments 0.2500 0.2400 0.2200 Targeting dividend growth of…
  20. DECEMBER 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 20
    Rose Rock Midstream Distribution Per LP Unit 2014 Target Annual Coverage Ratio 1.1x-1.2x 2014 Target Distribution Growth 25% year-over-year(1) 0.6000 0.5750 0.5350 0.4950 0.5000 0.4650 0.4500 0.4400 0.4300 0.4025…
  21. DECEMBER 2014 INVESTOR PRESENTATION – Rose Rock Midstream, L.P. – slide 21
    Future Growth in Drop Downs Rose Rock Midstreams relationship with SemGroup allows for potential future drop downs Joint venture with NGL Energy Partners 50% ownership Glass Mountain Pipeline 210-mile, 140,000 barrel per day crude oil…

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