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INVESTOR PRESENTATION – Inergy, L.P.

Inergy, L.P. · Aug 9, 2010 · 9 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. INVESTOR PRESENTATION – Inergy, L.P. – slide 1
    Investor Presentation August 9, 2010
  2. INVESTOR PRESENTATION – Inergy, L.P. – slide 2
    Transaction Summary The Boards of Directors of NRGY & NRGP have agreed to simplify their capital structure by merging the two partnerships in a tax-free, equity exchange The merger is subject to approval by a majority of NRGP…
  3. INVESTOR PRESENTATION – Inergy, L.P. – slide 3
    Transaction Benefits Accelerates Distribution Growth Potential Cancellation of IDRs lowers NRGYs cost of capital Lower cost of capital enhances NRGYs competitive position for acquisition opportunities and organic growth projects…
  4. INVESTOR PRESENTATION – Inergy, L.P. – slide 4
    Current Inergy Structure(a) Inergy Holdings Public GP , LLC Management(b) Unitholders (Board of Directors) Non-Economic Mgmt Rights 63.4% Limited Partner Interest 36.6% Limited Partner Interest Inergy Holdings, L.P. &…
  5. INVESTOR PRESENTATION – Inergy, L.P. – slide 5
    Post-Transaction Structure(a) Inergy GP, LLC Public Management(b) Managing General Partner Unitholders (Board of Directors) 28.3% Limited Partner Interest, including PIK Units(c) (PIK Units convertible to common units over a…
  6. INVESTOR PRESENTATION – Inergy, L.P. – slide 6
    PIK Unit Overview Overview & Rationale In support of the merger, certain members of management(a) have agreed to exchange a portion of their ownership in NRGP for PIK Units Expected to eliminate near term cash dilution to NRGY common…
  7. INVESTOR PRESENTATION – Inergy, L.P. – slide 7
    Key Assumptions(a) Base Case and Merger Transaction Assumptions FY 2010 guidance range of 330-340 million FY 2011-2014 retail propane gallons and gross margins based on preliminary FY 2011 budget and remaining stable over forecast…
  8. INVESTOR PRESENTATION – Inergy, L.P. – slide 8
    Transaction Milestones Announce definitive merger agreement and support agreement execution Prepare and file with SEC proxy statement/registration statement SEC review of proxy statement and registration statement File definitive…
  9. INVESTOR PRESENTATION – Inergy, L.P. – slide 9
    Committed to Generating Industry-Leading Returns to Our Investors 10

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