MARTIN MIDSTREAM PARTNERS L.P. Bank of America High Yield Energy & Power Leveraged Finance Conference JUNE 2, 2015
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) OVERVIEW Based in Kilgore, TX, MRMC is a leading independent provider of integrated logistics solutions, storage, manufacturing, marketing, and distribution services to energy, petrochemical and…
STRONG GENERAL PARTNER SUPPORT Ongoing MRMC businesses help support MMLP Maintains distinct set of assets and business units that are complementary to MMLP Approximately 30% of 2014 MMLP EBITDA derived from contracts with MRMC…
MARTIN MIDSTREAM PARTNERS L.P. (MMLP) OVERVIEW NASDAQ Listed: MMLP Formed October 31, 2002 MMLP is a publicly traded, diversified master limited partnership with operations including: Terminalling & Storage Natural Gas Services…
KEY INVESTMENT HIGHLIGHTS Majority (nearly 70%) of cash flows generated from fee-based or fee-like contracts Fee-Based Contracts Significant portions consist of reservation charges or minimum fee arrangements Fully Integrated,…
UNIQUELY DIVERSIFIED OPERATING MIX Terminalling & Storage Natural Gas Services 72.0 81.1 Marine Transportation Sulfur Services 202.7 Million 22.2 27.4 (all values in millions before unallocated SG&A) 8
STRONG FEE-BASED CONTRACT MIX Recent Fee-Based Acquisitions Driving MMLP Growth Terminalling & Storage Fee-based, multi-year contracts for traditional storage assets Specialty and Shore Base Terminals (with guaranteed throughput…
MMLP ASSET LOCATIONS ALL SEGMENTS 10
HIGH QUALITY LONG TERM CUSTOMER BASE Long-term customer relationships are a key driver of our success Integrated and complementary business segments uniquely position MMLP Full value chain for handling and logistics capabilities and…
TERMINALLING & STORAGE OVERVIEW MMLP owns or operates 47 terminal facilities with an aggregate storage capacity of 4.2 million barrels. These facilities are located across the U.S. Gulf Coast region and provide storage, processing and…
TERMINALLING & STORAGE Corpus Christi Crude Terminal 13
TERMINALLING & STORAGE Smackover Refinery 14
TERMINALLING & STORAGE Martin Lubricants Packaging Facility 15
NATURAL GAS SERVICES OVERVIEW MMLP provides wholesale distribution of natural gas liquids (NGLs) to propane retailers, refineries and industrial NGL users in Texas and the southeastern U.S. MMLP owns an NGL pipeline that runs…
NATURAL GAS STORAGE Cardinal Gas Storage Facilities Cadeville Main Facility Perryville Main Facility Monroe Main Facility 17
SULFUR SERVICES OVERVIEW MMLP has an integrated system of sulfur transportation assets and facilities. MMLP gathers molten sulfur from refiners, primarily located on the Gulf Coast, and from natural gas processing plants, primarily…
SULFUR SERVICES Prilled Sulfur 19
MARINE TRANSPORTATION OVERVIEW MMLP utilizes a fleet of inland and offshore tows to provide marine transportation of petroleum products and by- products produced in oil refining and natural gas processing. MMLPs marine transportation…
MARINE TRANSPORTATION Marine Assets 21
GROWTH OPPORTUNITIES West Texas LPG WTLPG MMLP acquired a 20% interest in WTLPG in May 2014 Original Investment: 135 million for 134 million Potential Growth Capex: 125 million Oneok Partners acquired the remaining 80% of WTLPG…
GROWTH OPPORTUNITIES South Texas Asphalt Terminal South Texas Asphalt Terminal MMLP is working with Martin Product Sales (MRMC) Total Investment: 25-35 million to construct an asphalt terminal to be located in Construction Time:…
GROWTH OPPORTUNITIES Corpus Christi Crude Terminal CCCT In negotiations currently with investment grade Total Investment: 50-60 million counterparty to expand CCCT facilities under a long-term Construction Time: up to 12 months…
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