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Citigroup One on One MLP Midstream Infrastructure Conference – Blueknight Energy Partners, L.P.

Blueknight Energy Partners, L.P. · Aug 24, 2011 · 17 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. Citigroup One on One MLP Midstream Infrastructure Conference – Blueknight Energy Partners, L.P. – slide 1
    MLP/Midstream Infrastructure Conference August 24-25, 2011 (NASDAQ: BKEP)
  2. Citigroup One on One MLP Midstream Infrastructure Conference – Blueknight Energy Partners, L.P. – slide 2
    Executive Summary Blueknight Energy Partners, L.P. (BKEP) is a midstream energy partnership (MLP) that provides gathering, transportation, and terminalling services. Initially formed in July of 2007 through a contribution of crude oil…
  3. Citigroup One on One MLP Midstream Infrastructure Conference – Blueknight Energy Partners, L.P. – slide 3
    Executive Summary Blueknight Recapitalization Vitol takes control of the general partner in November of 2009. Inserts new management team and board. BKEP restructures its bank debt and receives an infusion of new equity from Vitol…
  4. Citigroup One on One MLP Midstream Infrastructure Conference – Blueknight Energy Partners, L.P. – slide 4
    Geographic Footprint BKEPs midstream crude oil and asphalt operating footprint spans 23 states across the U.S. CUSHING TERMINAL LONGVIEW TERMINAL Legend Crude Oil Mid-Continent Pipeline System Mid-Continent Storage…
  5. Citigroup One on One MLP Midstream Infrastructure Conference – Blueknight Energy Partners, L.P. – slide 5
    Business Overview Crude Oil Terminalling and Storage Services 6.7 million barrels of terminalling facilities and storage tanks located at Cushing About Cushing: The NYMEX delivery point Serves as a primary source of refinery…
  6. Citigroup One on One MLP Midstream Infrastructure Conference – Blueknight Energy Partners, L.P. – slide 6
    Business Overview Crude Oil Pipeline Services 3 primary gathering and transportation pipeline systems Total of 1,285 miles Connections to approximately 350 wells Crude Oil Trucking and Producer Field Services…
  7. Citigroup One on One MLP Midstream Infrastructure Conference – Blueknight Energy Partners, L.P. – slide 7
    Crude Oil Pipeline Services Mid-Continent System East Texas System 8 (NASDAQ: BKEP)
  8. Citigroup One on One MLP Midstream Infrastructure Conference – Blueknight Energy Partners, L.P. – slide 8
    Business Overview Asphalt Services 7.4 million barrels of asphalt and residual fuel oil storage capacity 45 terminals across 22 states Strategically positioned to provide asphalt services in market areas throughout the…
  9. Citigroup One on One MLP Midstream Infrastructure Conference – Blueknight Energy Partners, L.P. – slide 9
    Sponsorship From Vitol/Charlesbank Worlds largest independent oil trading company 3,150 employees with globally and primary offices in London, Rotterdam, Houston, Geneva, Moscow, Dubai, and Singapore Moves equivalent of over 5…
  10. Citigroup One on One MLP Midstream Infrastructure Conference – Blueknight Energy Partners, L.P. – slide 10
    Sponsorship From Vitol/Charlesbank Charlesbank is a private equity firm with over 2.5 billion of capital under management and a long history of making middle-market investments primarily in US companies. The senior team has worked…
  11. Citigroup One on One MLP Midstream Infrastructure Conference – Blueknight Energy Partners, L.P. – slide 11
    Pro-forma Ownership (1) Charlesbank Vitol Holding B.V. Capital Partners CB-Blueknight, LLC Blueknight Energy Holding, Inc. 9,076,923 Series A Preferred Units 50% 50% 9,076,923 Series A Preferred Units Ownership Ownership…
  12. Citigroup One on One MLP Midstream Infrastructure Conference – Blueknight Energy Partners, L.P. – slide 12
    Recent Developments TransMontaigne-Cushing Crude Oil Storage Agreement Announced July 19, 2011. Agreements for the construction and operation of 1 million barrels of crude oil storage adjacent to BKEPs Cushing, OK facility.…
  13. Citigroup One on One MLP Midstream Infrastructure Conference – Blueknight Energy Partners, L.P. – slide 13
    Recent Developments Vitol-Midland Terminal Agreement Announced August 16, 2011. Agreements with BKEP for the construction and operation of a new crude oil terminal in Midland, Texas. Vitol Midstream acquired 90 acres in Midland…
  14. Citigroup One on One MLP Midstream Infrastructure Conference – Blueknight Energy Partners, L.P. – slide 14
    Growth Strategy and Opportunities Continue to develop strategic partnerships, joint ventures and producer relationships which lead to growth projects. Focus on South Oklahoma North Texas crude oil E&P producers. Capitalize on…
  15. Citigroup One on One MLP Midstream Infrastructure Conference – Blueknight Energy Partners, L.P. – slide 15
    Financial Exhibits 16 (NASDAQ: BKEP)
  16. Citigroup One on One MLP Midstream Infrastructure Conference – Blueknight Energy Partners, L.P. – slide 16
    Selected Financial Data Year Ended Six Months Ended (in thousands) December 31 June 30 2008 2009 2010 2010 2011 Selected Consolidated Statement of Operations Data (unaudited) Service revenue: Crude Oil Terminalling and Storage…
  17. Citigroup One on One MLP Midstream Infrastructure Conference – Blueknight Energy Partners, L.P. – slide 17
    Selected Financial Data Year Ended Six Months Ended (in thousands) December 31 June 30 2008 2009 2010 2010 2011 Adjusted EBITDA (unaudited) Net income (loss) 17,775 (16,505) (23,796) (7,752) (2,712) Interest expense 26,951 51,399…

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