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NAPTP MLP Conference – Rose Rock Midstream, L.P.

Rose Rock Midstream, L.P. · May 20, 2015 · 16 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. NAPTP MLP Conference – Rose Rock Midstream, L.P. – slide 1
    NAPTP MLP Conference - May 2015 Carlin Conner, CEO
  2. NAPTP MLP Conference – Rose Rock Midstream, L.P. – slide 2
    Non-GAAP Financial Measures SemGroup Adjusted EBITDA is presented in this presentation for certain periods. Adjusted EBITDA is not a U.S. generally accepted accounting principles (GAAP) measure and is not intended to be used in lieu of…
  3. NAPTP MLP Conference – Rose Rock Midstream, L.P. – slide 3
    Two Public Companies SemGroup Corporation Rose Rock Midstream C-Corp assets in US, Canada, Mexico & UK Master Limited Partnership (MLP) General Partner of RRMS IPO December 2011 Publicly Traded November 2010 Units: 36.8 million…
  4. NAPTP MLP Conference – Rose Rock Midstream, L.P. – slide 4
    Rose Rock Midstream Ownership Structure 5
  5. NAPTP MLP Conference – Rose Rock Midstream, L.P. – slide 5
    Business Strategy Focused Growth Quality Cash Flows Capitalize on organic growth Generate consistent earnings and opportunities with existing and cash flows new assets Grow our business through strategic Focus on fee-based…
  6. NAPTP MLP Conference – Rose Rock Midstream, L.P. – slide 6
    Crude Business Overview DJ Basin White Cliffs Pipeline 51% ownership DJ Basin to Cushing, OK Two 527-mile, 12-inch pipelines 150,000 bpd current capacity Expanding capacity to approximately 215,000 bpd Expected completion 3Q 2015…
  7. NAPTP MLP Conference – Rose Rock Midstream, L.P. – slide 7
    Crude Business Overview Oklahoma/Kansas Assets Cushing Storage Glass Mountain Pipeline 50% ownership 7.6 million barrels of storage 215-mile pipeline 86% under long-term fixed fee contracts with first Two laterals Granite Wash and…
  8. NAPTP MLP Conference – Rose Rock Midstream, L.P. – slide 8
    Crude Key Performance Metrics Crude Cushing Storage Crude Transportation Volumes 7.6 million Barrels Capacity (Thousand Barrels per Day) 300 64.9 8.00 0.50 65.2 1.10 250 1.10 1.10 2.10 61.1 45.8 1.10 1.85 35.2 6.00 3.60 200 43.7…
  9. NAPTP MLP Conference – Rose Rock Midstream, L.P. – slide 9
    Rose Rocks Relationship with SemGroup Rose Rock benefits from its relationship with SemGroup Rose Rock can acquire SemGroups assets instead of relying on third party acquisitions SemGroup can invest in large organic growth projects…
  10. NAPTP MLP Conference – Rose Rock Midstream, L.P. – slide 10
    Maurepas Pipeline Overview Project Construct, own and operate three pipelines for Motiva Enterprises, LLC in St. James, LA connecting Motiva's refineries 24-inch, 34 mile crude oil pipeline connected to LOCAP, crossing the…
  11. NAPTP MLP Conference – Rose Rock Midstream, L.P. – slide 11
    Rose Rock Midstream 2015 Adjusted EBITDA Guidance 180 million to 200 million RRMS Adjusted EBITDA(1)(2) Guidance Assumptions 200 (in millions) 180-200 Average Cushing storage rate - 0.37/barrel/month 150 White Cliffs Pipeline -…
  12. NAPTP MLP Conference – Rose Rock Midstream, L.P. – slide 12
    Rose Rocks Fee-based Business Model Margin Contribution(1)(2) Margin Descriptions Fixed Fee Storage fees 88% Transportation fees Unloading fees Gathering and processing fees 17% Marketing(3) 12% Back-to-back marketing…
  13. NAPTP MLP Conference – Rose Rock Midstream, L.P. – slide 13
    2015 Capex Guidance Rose Rock Midstream 2015 Capital Expenditures - 190 million(1) 175 92% 175 n Growth 92% n Maintenance 15 8% 15 8% (in millions) Estimated Total Description Completion Date 2015 Capex 2016 Capex…
  14. NAPTP MLP Conference – Rose Rock Midstream, L.P. – slide 14
    Rose Rock Midstream Distribution Growth(1) 2015 Target Coverage Ratio 1.1x-1.2x 2015 Target Distribution Growth 15-20% year-over-year 0.7500 0.6500 0.6200 0.6350 0.5750 0.5500 0.5350 0.4950 0.4650 0.4500 0.4025 0.3625…
  15. NAPTP MLP Conference – Rose Rock Midstream, L.P. – slide 15
    Rose Rock Midstream Capitalization & Liquidity Pro Forma (in millions, unaudited) March 31, 2015 March 31, 2015 Total Debt 661 750 585MM Revolver due 2018 261 - 5.625% Senior Notes due 2022 400 400 5.625% Senior Notes due 2023 -…
  16. NAPTP MLP Conference – Rose Rock Midstream, L.P. – slide 16
    Growing today with a focus for tomorrow Disciplined Increase Equity Safety Execution Investment Holders Return White Cliffs Pipeline Crude Storage Glass Mountain Pipeline Cushing, Oklahoma Platteville, Colorado Oklahoma 17

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