Skip to main content Q4 2013 EARNINGS CALL – Marathon Petroleum Corporation Investor Presentation | Shale Experts
Loading...
Pm

Q4 2013 EARNINGS CALL – Marathon Petroleum Corporation

Marathon Petroleum Corporation · Jan 29, 2014 · 21 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 – Marathon Petroleum Corporation – slide 1
    Fourth Quarter 2013 Earnings Conference Call and Webcast January 29, 2014
  2. Q4 2013 EARNINGS CALL – Marathon Petroleum Corporation – slide 2
    Highlights Strong 4th quarter and full year 2013 earnings Investing in the business Galveston Bay acquisition completed February 1 Southern Access Extension and Sandpiper Pipeline Projects announced Speedway organic investments…
  3. Q4 2013 EARNINGS CALL – Marathon Petroleum Corporation – slide 3
    4Q and Full Year 2013 Earnings* 4Q 2013 4Q 2012 2013 2012 Earnings 626 MM 755 MM 2,112 MM 3,389 MM Adjusted Earnings 633 MM 760 MM 2,173 MM 3,352 MM Earnings per Diluted Share 2.07 2.24 6.64 9.89 Adjusted Earnings per Diluted Share…
  4. Q4 2013 EARNINGS CALL – Marathon Petroleum Corporation – slide 4
    Adjusted Earnings* 4Q 2013 vs. 4Q 2012 Variance Analysis 800 760 (168) 700 45 (1) 633 6 (25) 16 600 500 MM 400 300 200 100 0 4Q 2012 Refining & Speedway Pipeline Interest & Income Noncontrolling 4Q 2013 Marketing…
  5. Q4 2013 EARNINGS CALL – Marathon Petroleum Corporation – slide 5
    Refining and Marketing Segment Income 4Q 2013 vs. 4Q 2012 Variance Analysis 2,000 99 (301) 521 147 (476) 540 (574) 1,500 1,139 (40) 11 (89) (6) 971 MM 1,000 500 0 4Q 2012 *LLS *LLS *Sweet/ *Sweet/ *LLS/WTI…
  6. Q4 2013 EARNINGS CALL – Marathon Petroleum Corporation – slide 6
    Refining and Marketing Segment Income 2013 vs. 2012 Variance Analysis 7,000 6,500 1,059 (1,208) 935 (998) 6,000 5,500 5,098 181 20 (350) 5,000 (133) 298 (1,621) 4,500 4,000 MM 3,500 (75) 3,206 3,000 2,500 2,000 1,500…
  7. Q4 2013 EARNINGS CALL – Marathon Petroleum Corporation – slide 7
    Speedway Segment Income Variance Analysis 4Q 2013 vs. 4Q 2012 100 77 9 1 83 80 (4) MM 60 40 20 0 4Q 2012 Light Merchandise Other 4Q 2013 Product Gross Margin Gross Margin 2013 vs. 2012 400 30 (19) 375 54 310 300…
  8. Q4 2013 EARNINGS CALL – Marathon Petroleum Corporation – slide 8
    Pipeline Transportation Segment Income Variance Analysis 4Q 2013 vs. 4Q 2012 80 72 1 (2) (6) (19) 60 1 47 MM 40 20 0 4Q 2012 Trans. Depreciation Operating Pipeline Other 4Q 2013 Revenue Expenses Affiliates 2013 vs.…
  9. Q4 2013 EARNINGS CALL – Marathon Petroleum Corporation – slide 9
    Total Company Cash Flow 4Q 2013 4,000 3,500 528 (511) 3,000 827 (126) (452) 2,500 8 2,292 2,018 MM 2,000 1,500 1,000 500 0 9/30/13 Operating Working Cash Capital Dividends Share Other 12/31/13 Cash Cash Flow Capital…
  10. Q4 2013 EARNINGS CALL – Marathon Petroleum Corporation – slide 10
    Select Balance Sheet/Cash Flow Data (MM) 2013 2013 2013 2013 4Q 3Q 2Q 1Q As of quarter ended: Cash and cash equivalents 2,292 2,018 3,069 4,737 Total debt 3,396 3,403 3,410 3,416 Equity 11,332 11,264 12,197 12,412…
  11. Q4 2013 EARNINGS CALL – Marathon Petroleum Corporation – slide 11
    Focused Return of Capital to Shareholders LTM Ended 12/31/13 7,000 6,000 Dividends and share 5,000 repurchases* 5.9x of 3,277 Free Cash 4,000 Flow** Cash capital expenditures, MM acquisitions and investments Free Cash…
  12. Q4 2013 EARNINGS CALL – Marathon Petroleum Corporation – slide 12
    1Q 2014 Outlook Other Total Corporate Percent of Turnaround Depreciation Other Crude Charge/ Total Direct and Other WTI-priced and Major and Manufacturing Throughput* Feedstocks Throughput* Operating Unallocated Crude Maintenance…
  13. Q4 2013 EARNINGS CALL – Marathon Petroleum Corporation – slide 13
    Appendix
  14. Q4 2013 EARNINGS CALL – Marathon Petroleum Corporation – slide 14
    Capital Expenditures & Investments (MM) 2013 Budget * 4Q 2013 2013* 2014 Budget Refining & Marketing (R&M) 1,016 297 802 864 Midstream included in R&M 348 Speedway 255 119 296 327 Pipeline Transportation 184 61 164 760 Corporate and…
  15. Q4 2013 EARNINGS CALL – Marathon Petroleum Corporation – slide 15
    Reconciliation Earnings to Adjusted Earnings* (MM) 2012 2013 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Earnings 596 814 1,224 755 725 593 168 626 Pension settlement expenses** - 53 22 5 - 39 15 7 MN asset sale settlement gain** - - (117) - - - -…
  16. Q4 2013 EARNINGS CALL – Marathon Petroleum Corporation – slide 16
    Reconciliation Free Cash Flow to Net Cash Provided by (Used in) Operations (MM) 2013 (Quarter to date) 1Q 2Q 3Q 4Q Net cash provided by (used in) operating activities 2,079 (436) 407 1,355 Additions to property, plant and…
  17. Q4 2013 EARNINGS CALL – Marathon Petroleum Corporation – slide 17
    Income (MM unless otherwise noted) 2012 2013 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Refining & Marketing segment income 943 1,325 1,691 1,139 1,105 903 227 971 Speedway segment income 50 107 76 77 67 123 102 83 Pipeline Transportation segment…
  18. Q4 2013 EARNINGS CALL – Marathon Petroleum Corporation – slide 18
    EBITDA Reconciliation to Net Income Attributable to MPC (MM) 2012 2013 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Net Income attributable to MPC 596 814 1,224 755 725 593 168 626 Less: Net interest and other financial income (costs) (22) (17) (25)…
  19. Q4 2013 EARNINGS CALL – Marathon Petroleum Corporation – slide 19
    Cash Provided from Operations Before Changes in Working Capital Reconciliation to Cash Provided by (Used in) Operations (MM) 2013 (Quarter to date) 1Q 2Q 3Q 4Q Net cash provided by (used in) operations 2,079 (436) 407 1,355 Less…
  20. Q4 2013 EARNINGS CALL – Marathon Petroleum Corporation – slide 20
    Refining & Marketing Indicative Gross Margin 4Q 2013 3,000 658 2,590 (1,329) 2,500 96 40 (38) 2,000 708 MM 1,500 (290) 1,126 971 1,000 500 0 *LLS *Sweet/ *LLS/WTI *LLS *Market Other R&M Direct Other R&M 6-3-2-1 Sour…
  21. Q4 2013 EARNINGS CALL – Marathon Petroleum Corporation – slide 21

From the store

Browse maps, data & reports in the Shale Experts store