Fourth Quarter 2012 Earnings Conference Call and Webcast January 30, 2013 1
CEO Opening Remarks Completed initial public offering (IPO) Adjusted EBITDA for post-IPO period of 18.2 million Generated 16.7 million of distributable cash flow Declared initial cash distribution of 0.1769 per unit prorated for…
4Q Financial Information Post IPO (MM) 10/31/12 12/31/12 Revenues and other income 83.6 Costs and expenses 57.0 Income from operations 26.6 Income before income taxes 26.4 Net income 26.3 Net income attributable to MPLX LP…
Adjusted EBITDA and Distributable Cash Flow Post IPO (MM) 10/31/12 12/31/12 Adjusted EBITDA 34.6 Less: Adjusted EBITDA attributable to MPC-retained interest 16.4 Adjusted EBITDA attributable to MPLX LP 18.2 Less: Cash interest…
Strong Financial Flexibility to Manage and Grow Asset Base MPLXs undrawn 500 million revolver provides significant liquidity to grow its business As of (MM) 12/31/12 Cash and cash equivalents 216.7 Total assets 1,301.3…
Significant Capital Expenditures Major expansion projects Patoka to Catlettsburg Patoka tank farm modifications SCADA project 2013 Capex Budget(1) Maintenance Capex 16.75% of 2013 forecasted Adjusted EBITDA* Maintenance 33…
Appendix 8
MPLX LP Adjusted EBITDA and Distributable Cash Flow Reconciliation to Net Income Predecessor Post IPO 3 Months (MM) 10/1/12 10/30/12 10/31/12 12/31/12 Ended 12/31/12 Net income 15.8 26.3 42.1 Less: Net income attributable to…
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