Wells Fargo 2013 Energy Symposium December 10, 2013
Use of Non-GAAP Financial Measures This presentation includes certain non-GAAP financial measures such as EBITDA and Adjusted EBITDA. These non-GAAP financial measures are not meant to be considered in isolation or as a substitute for…
Martin Resource Management (MRMC) Closely held corporation based in Kilgore, TX Operations strategically located in the U.S. Gulf Founded by R. S. Martin Jr. in 1951 Coast region Based in Kilgore, TX, MRMC is a leading Over 70% of MRMC…
Strong General Partner Support Martin Resource Ongoing MRMC businesses support the Management Corporation Partnership Maintains distinct set of assets and business 100% units that are complementary to MMLP Martin Resource…
MMLP Overview NASDAQ Listed: MMLP MMLP Trading Summary (1) Formed October 31, 2002 Unit Price: 42.65 MMLP is a publically traded, diversified Units Outstanding 26.6 million master limited partnership with operations Market Cap: 1.14…
High Quality Customer Base Integrated yet complementary business segments uniquely position MMLP. This is a key driver of long-term customer relationships. Customers include some of the largest, most profitable businesses in the energy…
Business Segment Overview
Terminalling & Storage - Overview Adjusted Segment EBITDA (1) MMLP owns or operates 47 terminal facilities with approximately 3.8 million barrels of aggregate storage capacity, across the U.S. Gulf Coast region, that provide storage,…
Terminalling & Storage Marine Terminal Assets Our 31 marine shore based terminals are located 12 full service terminals provide logistical at strategic distribution points along the Gulf support services in addition to the storage and…
Terminalling & Storage Specialty Terminals 16 specialty terminal facilities with aggregate storage capacity of 2.9 million barrels. Currently adding 0.3 million barrels of storage at our Corpus Christi Crude Terminal. Provide storage…
Terminalling & Storage Cross Refinery November 2009 drop-down from a subsidiary of MRMC for 45MM in MMLP units - 7,700 bpd capacity naphthenic lube refinery in Smackover, AR; 10% of US market share - Recent packaging assets…
Terminalling & Storage Cross Refinery Crude supply blend is approximately 73% Coastal Grade A, 14% AR Local, & 13% LA Local Atmospheric tower separates the lighter streams and produces 2 final products (naphtha & distillate) along…
Natural Gas Services MMLPs Natural Gas Services segment has Existing Natural Gas Services Assets significantly changed in 2012 200 mile NGL pipeline from Kilgore, TX, to April 2012 start up of refinery grade butane Beaumont, TX…
Natural Gas Services (Redbird Joint Venture) Current working gas capacity of approximately 45.0bcf Total planned working gas capacity of approximately 76.4bcf at full development Cardinal Gas Storage Partners Facility overview…
Natural Gas Services Adjusted Segment EBITDA (1) in millions (1) For 2010, 2011 & 2012, pro forma for the acquisition of the remaining Class A interests in Redbird and divestiture of the East Texas and North Louisiana gas…
Sulfur Services MMLPs Sulfur Services segment include the following MMLPs Sulfur Service contract mix reflects: key assets: Typically 1-5 year prilling services 4 sulfur prillers (Texas & California) with a agreements major refiners…
Sulfur Services Adjusted Segment EBITDA 20
Marine Transportation MMLPs Marine Transportation segment includes the Adjusted Segment EBITDA following key assets: 56 inland marine tank barges 29 inland push-boats 4 offshore tug barge units 21
MRMC & MMLP Intermodal Integration Provides Truck, Rail & Marine Solutions Examples in Sulfur Logistics Martin Transport, Inc. (Molten Sulfur Refinery Extraction by truck to various MMLP storage facilities) Rail (Sulfuric Acid…
MMLP Announced & Likely Growth Opportunities Completion of Corpus Christi Crude Terminal Anticipated completion by Early 2Q 2014 Corpus Christi condensate splitter 24 to 30 Months Up to 100K barrels per day of capacity Fee-based…