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 finalized SemGroup in Oklahoma Contributed for Glass Mountain dropped down SemStream to…
SEMG Ownership Structure Rose Rock Midstream GP, LLC NYSE: SEMG Incentive Distribution Rights Public Public 41.9 mm 9.0 mm Shares 2% GP Interest Outstanding Common Units 42% LP Interest 33% Interest SemCrude…
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 Montney/ Canadian sour and sweet gas gathering and processing Duvernay Shale Bakken Liquids…
SemGroup Corporate Crude Business Overview White Cliffs Pipeline 34% ownership 527-mile crude oil pipeline from DJ Basin to Cushing, OK Current capacity 70,000 barrels per day Announced 80,000 barrel per day expansion 1H 2014…
Rose Rock Midstream Crude Business Overview Cushing 7 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 (contd) Bakken Shale Average marketed volumes of 7,300 barrels per day YTD 9/30/12 30-day evergreen contracts Two truck unloading facilities 17 gathering trucks Bakken Transport via…
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…
Recent Announcements White Cliffs Pipeline Drop Down SemGroup dropped down 1/3 of its ownership to Rose Rock Midstream SemGroup ownership - 34% Rose Rock Midstream ownership - 17% Highly complementary to Rose Rock Midstreams…
Rose Rock Midstream Ownership Structure Rose Rock Midstream GP, LLC Incentive Distribution Rights 100% Interest 2% GP Interest 2.9 mm Common Units 1.25 mm Class A (forbearance) Units Public 8.4 mm Subordinated Units 9.0 mm 58%…
Rose Rock Midstream 2013 Guidance 2013 Adjusted EBITDA 2013 Capital Expenditures Guidance Guidance (in millions, unaudited) Guidance Low High 4 Net income 26.5 32.0 7% Add: Interest expense 12.3 11.3 Growth Add: Depreciation and…
Rose Rock Midstream Distribution per LP Unit Target Coverage Ratio 1.1-1.2x Target Distribution Growth 10-15% year-over-year 0.50 0.3825 0.3925 0.40 0.3725 0.3625 0.30 0.20 4Q 1Q 2Q 3Q 2011 2012 2013 E 8.3% cumulative…
Strong Platform for Growth Drop Downs Organic 3rd Party from Growth Acquisitions SemGroup Substantial infrastructure demands in emerging resource plays 17
Committed Sponsor in SemGroup Rose Rock Midstreams relationship with SemGroup allows for potential future drop downs Total Adjusted Assets EBITDA (in millions) Asset Description 12/31/11 FY 2011 527-mile crude oil pipeline - 70,000…
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 230 million in…
Appendix
2012 Capex Guidance SemGroup and Rose Rock Midstream 2012 Capital Expenditures 230 million 5 4 2% 2% 11 5% Crude - RRMS 12 21 33 4 5% 9% 14% 2% Crude - SEMG Growth SemGas 53 Maintenance 23% SemCAMS 209 Refurbishment 91%…
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 Sunoco…
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 2,000+ horizontal drilling locations 8,000 drilling locations in the oil window Accelerating…
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 28
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