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WELLS FARGO 2013 ENERGY SYMPOSIUM – Martin Midstream Partners Lp

Martin Midstream Partners Lp · Dec 10, 2013 · 29 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. WELLS FARGO 2013 ENERGY SYMPOSIUM – Martin Midstream Partners Lp – slide 1
    Wells Fargo 2013 Energy Symposium December 10, 2013
  2. WELLS FARGO 2013 ENERGY SYMPOSIUM – Martin Midstream Partners Lp – slide 2
    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…
  3. WELLS FARGO 2013 ENERGY SYMPOSIUM – Martin Midstream Partners Lp – slide 3
  4. WELLS FARGO 2013 ENERGY SYMPOSIUM – Martin Midstream Partners Lp – slide 4
    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…
  5. WELLS FARGO 2013 ENERGY SYMPOSIUM – Martin Midstream Partners Lp – slide 5
    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…
  6. WELLS FARGO 2013 ENERGY SYMPOSIUM – Martin Midstream Partners Lp – slide 6
    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…
  7. WELLS FARGO 2013 ENERGY SYMPOSIUM – Martin Midstream Partners Lp – slide 7
    Diversified Operating Mix (Expected 2013 FYE EBITDA Contribution*) Terminalling & Storage (51.4%) Sulfur Services (20.0%) Natural Gas Services (26.2%) Marine Transportation (12.6%) *Before Unallocated SG&A Expenses of…
  8. WELLS FARGO 2013 ENERGY SYMPOSIUM – Martin Midstream Partners Lp – slide 8
    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…
  9. WELLS FARGO 2013 ENERGY SYMPOSIUM – Martin Midstream Partners Lp – slide 9
    Business Segment Overview
  10. WELLS FARGO 2013 ENERGY SYMPOSIUM – Martin Midstream Partners Lp – slide 10
    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,…
  11. WELLS FARGO 2013 ENERGY SYMPOSIUM – Martin Midstream Partners Lp – slide 11
    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…
  12. WELLS FARGO 2013 ENERGY SYMPOSIUM – Martin Midstream Partners Lp – slide 12
    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…
  13. WELLS FARGO 2013 ENERGY SYMPOSIUM – Martin Midstream Partners Lp – slide 13
    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…
  14. WELLS FARGO 2013 ENERGY SYMPOSIUM – Martin Midstream Partners Lp – slide 14
    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…
  15. WELLS FARGO 2013 ENERGY SYMPOSIUM – Martin Midstream Partners Lp – slide 15
    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…
  16. WELLS FARGO 2013 ENERGY SYMPOSIUM – Martin Midstream Partners Lp – slide 16
    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…
  17. WELLS FARGO 2013 ENERGY SYMPOSIUM – Martin Midstream Partners Lp – slide 17
    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…
  18. WELLS FARGO 2013 ENERGY SYMPOSIUM – Martin Midstream Partners Lp – slide 18
    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…
  19. WELLS FARGO 2013 ENERGY SYMPOSIUM – Martin Midstream Partners Lp – slide 19
    Sulfur Services Adjusted Segment EBITDA 20
  20. WELLS FARGO 2013 ENERGY SYMPOSIUM – Martin Midstream Partners Lp – slide 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
  21. WELLS FARGO 2013 ENERGY SYMPOSIUM – Martin Midstream Partners Lp – slide 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…
  22. WELLS FARGO 2013 ENERGY SYMPOSIUM – Martin Midstream Partners Lp – slide 22
    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…
  23. WELLS FARGO 2013 ENERGY SYMPOSIUM – Martin Midstream Partners Lp – slide 23
    Questions & Answers
  24. WELLS FARGO 2013 ENERGY SYMPOSIUM – Martin Midstream Partners Lp – slide 24
    EBITDA Reconciliations
  25. WELLS FARGO 2013 ENERGY SYMPOSIUM – Martin Midstream Partners Lp – slide 25
    EBITDA Reconciliations 9 months ending Sept. 30, 2013 Adjusted EBITDA Reconciliation ( thousands; Excludes Unallocated SG&A) Terminalling & Natural Gas Marine Sulfur Services MMLP Storage Services Transportation Operating Income…
  26. WELLS FARGO 2013 ENERGY SYMPOSIUM – Martin Midstream Partners Lp – slide 26
    EBITDA Reconciliations 2012 Adjusted EBITDA Reconciliation ( thousands; Excludes Unallocated SG&A) Terminalling & Natural Gas Marine Sulfur Services MMLP Storage Services Transportation Operating Income 27,944 13,924 37,262…
  27. WELLS FARGO 2013 ENERGY SYMPOSIUM – Martin Midstream Partners Lp – slide 27
    EBITDA Reconciliations 2011 Adjusted EBITDA Reconciliation ( thousands; Excludes Unallocated SG&A) Terminalling & Natural Gas Marine Sulfur Services MMLP Storage Services Transportation Operating Income 21,567 6,267 27,651 731…
  28. WELLS FARGO 2013 ENERGY SYMPOSIUM – Martin Midstream Partners Lp – slide 28
    EBITDA Reconciliations 2010 Adjusted EBITDA Reconciliation ( thousands; Excludes Unallocated SG&A) Terminalling & Natural Gas Marine Sulfur Services MMLP Storage Services Transportation Operating Income 21,810 6,780 15,886 9,992…
  29. WELLS FARGO 2013 ENERGY SYMPOSIUM – Martin Midstream Partners Lp – slide 29
    Joe McCreery Head of Investor Relations www.martinmidstream.com 903-988-6425 NASDAQ:MMLP joe.mccreerymartinmlp.com

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