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Q4 2013 EARNINGS CALL – Northern Tier Energy Lp

Northern Tier Energy Lp · Feb 27, 2014 · 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. Q4 2013 EARNINGS CALL – Northern Tier Energy Lp – slide 1
    Fourth Quarter and Year Ended 2013 Earnings Conference Call and Webcast February 27, 2014
  2. Q4 2013 EARNINGS CALL – Northern Tier Energy Lp – slide 2
    Q4 and Full Year 2013 Financial Results; Select Balance Sheet & Cash Flow Data ( in millions) Consolidated Financial Results Q4 2013 Q4 2012 Full Year 2013 Full Year 2012 Net Income 20.6 84.5 231.1 197.6 Operating Income 31.9 144.2…
  3. Q4 2013 EARNINGS CALL – Northern Tier Energy Lp – slide 3
    Key Refining Performance Metrics Gross Margin1 Throughput ( per throughput barrel) (millions of barrels) 30.7 27.5 29.62 24.49 18.89 15.34 7.3 8.3 Q4 Full Year Q4 Full Year Group 3 Benchmark Crack Spread2 Direct Operating…
  4. Q4 2013 EARNINGS CALL – Northern Tier Energy Lp – slide 4
    Refinery Expansion Projects NTI has successfully completed the two previously announced discretionary projects at the Saint Paul Park Refinery, with the third one to be completed in Q1 2014: 1. Sweet crude tower expansion project:…
  5. Q4 2013 EARNINGS CALL – Northern Tier Energy Lp – slide 5
    Cash Available for Distribution Reconciliation ( in millions) For the 3 months ending 12/31/13 Net income 20.6 Adjustments: Interest expense 7.9 Income tax benefit (0.1) Depreciation and amortization 10.3 EBITDA subtotal 38.7…
  6. Q4 2013 EARNINGS CALL – Northern Tier Energy Lp – slide 6
    Q1 14 Operating and Capex Guidance Q1 2014 Low High Refinery Statistics: Total throughput (bpd) 85,000 90,000 Total refined products sold (bpd) 85,000 90,000 Direct opex ex. Turnaround (/throughput bbl) 4.75 - 5.00 Retail…
  7. Q4 2013 EARNINGS CALL – Northern Tier Energy Lp – slide 7
    APPENDIX
  8. Q4 2013 EARNINGS CALL – Northern Tier Energy Lp – slide 8
    Adjusted EBITDA Reconciliation ( in millions) 2012 2013 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Net Income (Loss) (193.6) 245.6 61.1 84.5 119.4 63.9 27.2 20.6 Adjustments: Interest Expense 10.4 10.7 15.6 5.5 6.4 6.3 6.3 7.9 Income Tax Provision…
  9. Q4 2013 EARNINGS CALL – Northern Tier Energy Lp – slide 9
    Refining Gross Product Margin Per Barrel of Throughput Reconciliation ( in millions, unless otherwise indicated) Q4 2013 Q4 2012 Full Year 2013 Full Year 2012 Refinery Revenue 1,180.9 1,127.8 4,536.0 4,212.6 Refinery Costs of…

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