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…
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…
SemGroup Ownership Structure 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…
Crude and Gas Assets in Key Growth Areas 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…
Crude Business Overview Rose Rock Midstream Cushing Kansas/Oklahoma System 7.6 million barrels of storage Approximately 600-mile gathering and transportation 86% under long-term fixed fee contracts with first expiration pipeline…
SemGas Natural Gas Business Areas of Operation Mississippi Lime Play 1Q 2014 2Q 2014 mid-2015 Processing Capacity 365 mmcf/d 365 mmcf/d 565 mmcf/d Miles of Pipeline 600 600 of Rigs in Dedicated Acreage 15 17 Avg. Processing Volumes…
SemCAMS Natural Gas Business Areas of Operation Average Throughput Volume (mmcf/d) 500 400 159.6 152.6 146.9 128.5 300 162.6 186.1 200 283.9 272.6 285.8 250.3 100 213.9 Located in: 148.2 Western Canadian…
SemGroup Capitalization & Liquidity ProForma(1) (in millions) June 30, 2014 December 31, 2013 Total Consolidated Debt 825 615 Owner's Equity 1,165 1,214 Total Book Capitalization 1,990 1,829 Consolidated Credit Metrics Net Debt…
SemGroup Corporation 2014 Updated Adjusted EBITDA Guidance (1) Non-GAAP Financial Data Reconciliations can be found on the companys website, includes fully consolidated Rose Rock Midstream (2) Guidance updated June 23, 2014 (3)…
SemGroup Corporation 2014 Updated Capital Expenditure Guidance 2014 Capital Expenditures 475 million(1)(2) 11 2% 52 11% Nearly 90% of capital expenditures are focused on growth capital 227 Mid-teens or higher returns on organic…
SemGroup Corporation 2014 Updated Capital Expenditure Guidance(1) Project Spend (in millions) Estimated Through Total Segment Description Completion Date 12/31/2013 2014 Capex 2015 Capex CapEx Crude-RRMS White Cliffs Pipeline…
Second Quarter Results Adjusted EBITDA(1) 2Q 2014 1Q 2014 2014 Updated Guidance SemGroup 57.5 million 67.3 million 260 - 275 million Rose Rock Midstream 20.6 million 27.8 million 115 - 120 million Second Quarter Highlights…
SemGroups Fee-based Business Model Margin Contribution(1) Fixed Fee Variable Fee Marketing SemGas(2) 49% 51% 86% SemCAMS 100% SemLogistics 100% 9% SemMaterials Mexico 100% 5% White Cliffs Pipeline 100% Rose Rock Midstream(3)…
SemGroup Corporation Dividend Growth 0.3500 Our current dividend policy is to pass 0.2700 through the after-tax cash distributions 0.2500 0.2400 received from our MLP investments 0.2200 0.2100 Targeting dividend growth of…
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 2.35 0.5350 0.4950 2.15 0.5000 0.4650 1.95 0.4500 1.79x 0.4400 0.4300 1.75…
Future Growth in Drop Downs Rose Rock Midstreams relationship with SemGroup allows for potential future drop downs Asset Description Joint venture with NGL Energy Partners 50% ownership Glass Mountain Pipeline 210-mile, 140,000 barrel…
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