Q1 2013 Earnings Call – MPLX Lp

MPLX Lp · Apr 30, 2013 · 9 slides

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Slides

First Quarter 2013 Earnings Conference Call and Webcast April 30, 2013 1
Opening Remarks Achieved adjusted EBITDA of 25.1 million for first full quarter Generated 28 million of distributable cash flow Announced plan to acquire an additional 5 percent interest in MPLX Pipe Line Holdings LP on May 1 for 100…
Net Income 1Q Q 2013 vs. 1Q Q 2013 Estimated pper Prospectus p Variance Analysis y 50 6.4 (14.5) 45 38.9 40 6.5 (2.0) 35.3 (17.7) 35 30 Millions 25 20 17.6 15 10 5 0 1Q 2013 Tariffs and Volumes Cost of Other 1Q…
Adjusted EBITDA and Distributable Cash Flow Estimated (MM) 1Q 2013 1Q 2013* Adjusted EBITDA 47.4 50.1 Less: Adjusted EBITDA attributable to MPCretained interest 22.3 23.5 Adjusted EBITDA attributable to MPLX LP 25.1 26.6 Less:…
Strong Financial Flexibility to Manage and Grow Asset Base MPLXs undrawn 500 million revolver provides significant liquidity to grow its business As of (MM except ratio data) 3/31/13 Cash and cash equivalents 227.9 Total…
Appendix 7
MPLX LP Adjusted EBITDA and Distributable Cash Flow Reconciliation to Net Income Estimated (MM) 1Q2013 1Q2013 Net income 35.3 38.9 Less: Net income attributable to MPCretained interest 17.7 19.1 Net income attributable to MPLX LP…
Capital Expenditures* (MM) 2013 Budget ** 1Q 2013 E Expansion Projects i P j t 109 3 109.3 10 4 10.4 Maintenance 33.2 2.2 Acquisitions 100.0 Total Capital Expenditures 242.5 12.6 *Capex budget represents MPLX on 100%…
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