Barclays CEO Energy-Power Conference Norm Szydlowski President and CEO September 5-6, 2012
Barclays Conference September 2012 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…
Barclays Conference September 2012 SemGroup Corporation Rose Rock Midstream, L.P. (NYSE: SEMG) (NYSE: RRMS) Listed on NYSE November 2010 IPO December 2011 C-Corp MLP Owns RRMS General Partner Owner/Operator of all RRMS assets…
Barclays Conference September 2012 SEMG Ownership Structure Rose Rock Midstream GP, LLC NYSE: SEMG Incentive Distribution Rights Public Public 41.9 mm 7.0 mm Shares 2% GP Interest Outstanding Common Units 40.9% LP…
Barclays Conference September 2012 Business Strategy Capitalize on Organic Generate Consistent Growth Opportunities Operating Margins, with Existing and Earnings and Cash Flows New Assets Grow Our Business Maintain…
Barclays Conference September 2012 Crude and Gas Assets in Key Growth Areas Primary assets located in the Liquids Fairway in the Mid-Continent Region Montney/Duvernay Canadian sour and Montney/ Duvernay Shale sweet gas…
Barclays Conference September 2012 Crude Business Overview Rose Rock Midstream Storage 7 million barrels in Cushing, OK 5-7 year contracts first expiration 2015 Connectivity to all major inbound/outbound pipelines…
Barclays Conference September 2012 Crude Business Overview SemGroup White Cliffs Pipeline 51% ownership and operator 527 miles, 70,000+ barrels per day capacity 20,000 barrels per day take or pay Platteville, CO 10,000…
Barclays Conference September 2012 Cushing is a Liquidity Hub Designated point of delivery for NYMEX crude oil futures contracts Cushing Commentary North American Oil Flow Continues to serve as the primary crude Alberta Basin…
Barclays Conference September 2012 Natural Gas Business Overview SemCAMS (Canada) Located in: Western Canadian Sedimentary Basin sour gas Montney Shale liquids rich sour gas Duvernay Shale liquids rich sweet gas Two sour and two…
Barclays Conference September 2012 Track Record of Value Creation Agreement with Eagle Energy Company to gather and process natural gas in the Contributed Mississippi Lime Play in Oklahoma SemStream to NGL Announced plans…
Barclays Conference September 2012 Rose Rock Midstream Annualized Distribution per LP Unit 2012 Target Coverage Ratio 1.15-1.2x 2.00 1.49 1.53 1.50 1.45 1.00 4Q 1Q 2Q 2011 2012 2014 E 5.5% cumulative increase in…
Barclays Conference September 2012 Strong Platform for Growth Drop Downs Organic 3rd Party from Growth Acquisitions SemGroup Substantial infrastructure demands in emerging resource plays 14
Barclays Conference September 2012 Future Growth in Drop Downs Total Adjusted Assets EBITDA (in millions) Asset Description 12/31/11 FY 2011 527-mile crude oil pipeline White Cliffs Pipeline 70,000 barrels per day capacity 144.9…
Barclays Conference September 2012 Key Investment Considerations Strategically Located Assets that Provide a Strong Platform Well positioned to add strategic infrastructure in growing unconventional oil for Growth and gas plays…
Barclays Conference September 2012 RRMS Ownership Structure Public 7.0 mm 100% Interest Common Units Rose Rock Midstream GP, LLC 1.4 mm Common Units Incentive Distribution Rights 8.4 mm Subordinated Units 2% GP Interest…
Barclays Conference September 2012 RRMS Strategically Located Assets Cushing KS/OK Pipeline 7 million barrels of storage and Storage 96% under long-term fixed fee contracts with third parties- first expiration 2015 All tanks…
Barclays Conference September 2012 RRMS Strategically Located Assets Bakken Shale 8,200 barrels per day 30-day evergreen contracts Bakken Two truck unloading facilities 17 gathering trucks Operation Transport via truck, rail or…
Barclays Conference September 2012 Cushing Market Overview Pipelines Into Cushing Pipelines Out of Cushing Rose Rock Midstream ConocoPhillips (2) White Cliffs Pipeline Plains Keystone BP Spearhead (Canadian) Ozark Plains (5) W.…
Barclays Conference September 2012 SemLogistics Largest independent petroleum products storage facility in U.K. Receive product from the Middle East and Europe and deliver to Europe, West Africa and the United States 8.7 million…
Barclays Conference September 2012 SemMaterials Mxico Provide asphalt products and services 15 in-country terminals 2 National labs Importing product to diversify suppliers Diversified customer base 2Q volumes increased…
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