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Q1 2015 Earnings Call – Shell Midstream Partners Lp

Shell Midstream Partners Lp · May 13, 2015 · 8 slides

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Slides

  1. Q1 2015 Earnings Call – Shell Midstream Partners Lp – slide 1
    SHELL MIDSTREAM PARTNERS, L.P. (SHLX) Q1 2015 RESULTS ANNOUNCEMENT May 13, 2015 Shell Midstream Partners
  2. Q1 2015 Earnings Call – Shell Midstream Partners Lp – slide 2
    KEY HIGHLIGHTS Shell Midstream Partners First full quarter as a publicly traded partnership Excellent HSE performance Strong financial performance Q1 distribution 7.7% higher than minimum quarterly distribution Drop down…
  3. Q1 2015 Earnings Call – Shell Midstream Partners Lp – slide 3
    TRANSACTION SUMMARY Shell Midstream Partners 448 million inaugural drop down from Shell Zydeco Pipeline Pipeline Acquiring additional interests in assets currently owned by Shell Midstream Partners effective April 1, 2015 19.5%…
  4. Q1 2015 Earnings Call – Shell Midstream Partners Lp – slide 4
    MAINTENANCE ACTIVITY Shell Midstream Partners Producer turnaround at Mars platform expected MARS PIPELINE in Q2. Estimated impact to Mars revenue attributable to the partnership is 800,000 for the second quarter. No extraordinary…
  5. Q1 2015 Earnings Call – Shell Midstream Partners Lp – slide 5
    FINANCIAL RESULTS FROM OPERATIONS Shell Midstream Partners Actuals (unaudited) Three Months Ended March 31, 2015 ( million) Revenue (Zydeco only) 51.7 Cost and Expenses (Zydeco & MLP G&A) 24.0 Operating Income 27.7 Income from…
  6. Q1 2015 Earnings Call – Shell Midstream Partners Lp – slide 6
    NON-GAAP FINANCIAL MEASURES Shell Midstream Partners Three Months Ended Attributable to Shell Midstream Partners March 31, 2015 ( million) Adjusted EBITDA 28.5 Less: Net Interest Paid 0.1 Zydeco Maintenance Capital…
  7. Q1 2015 Earnings Call – Shell Midstream Partners Lp – slide 7
    BALANCE SHEET Shell Midstream Partners As of March 31, 2015 ( million) Cash and Cash Equivalents 157 Total Debt 0 Revolving Credit Facility Capacity as of May 12, 2015 400 Copyright of Shell Midstream Partners, L.P.…
  8. Q1 2015 Earnings Call – Shell Midstream Partners Lp – slide 8
    QUESTION & ANSWERS Shell Midstream Partners For further questions, please contact Courtney L. Selinidis (Mason) +1 713 241 1513 Courtney.MasonShell.com Copyright of Shell Midstream Partners, L.P. Date, Year 9

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