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JUNE 2015 INVESTOR PRESENTATION – Cypress Energy Partners, L.P.

Cypress Energy Partners, L.P. · Jun 18, 2015 · 25 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. JUNE 2015 INVESTOR PRESENTATION – Cypress Energy Partners, L.P. – slide 1
    CYPRESS ENERGY PARTNERS NYSE: CELP Investor Presentation June 2015
  2. JUNE 2015 INVESTOR PRESENTATION – Cypress Energy Partners, L.P. – slide 2
    Cypress Energy Partners, L.P. (CELP) Overview We strive to be the premier midstream energy services company in markets we service by building strong relationships with our stakeholders including customers, partners, employees,…
  3. JUNE 2015 INVESTOR PRESENTATION – Cypress Energy Partners, L.P. – slide 3
    Investment Highlights Our company was started in 2012 to provide a variety of midstream services Building a Track to energy companies in North America. We completed our IPO in January Record 2014 and exceeded our distribution per…
  4. JUNE 2015 INVESTOR PRESENTATION – Cypress Energy Partners, L.P. – slide 4
    Timeline of Achievements Initial Cypress Acquired Remaining Acquisitions of SWDs Cypress IPO 49.9% of TIR December 2012 January 2014 February 2015 2012 2013 2014 2015 2016 Cypress Energy Acquired Control of Acquired SWD Acquired…
  5. JUNE 2015 INVESTOR PRESENTATION – Cypress Energy Partners, L.P. – slide 5
    Significant Growth Opportunities Our broad PLR allows us to diversify into other businesses: Acquisitions Additional midstream, pipeline & inspection activities Diversify Our Traditional MLP activities (storage, rail,…
  6. JUNE 2015 INVESTOR PRESENTATION – Cypress Energy Partners, L.P. – slide 6
    Broad PLR Enhances Our Growth Opportunities Qualifying income under our existing private letter ruling (PLR) Removal, treatment, recycling & disposal of flowback & produced water (SWDs, transportation, pipelines, etc.) Removal,…
  7. JUNE 2015 INVESTOR PRESENTATION – Cypress Energy Partners, L.P. – slide 7
    PI&IS Our Pipeline Inspection & Integrity Offering Pipeline Inspection Pipeline Services We Offer We offer professionals for all types of infrastructure: Oil, refined fuels, Public utility NGL pipeline systems distribution Gas…
  8. JUNE 2015 INVESTOR PRESENTATION – Cypress Energy Partners, L.P. – slide 8
    PI&IS Our Midstream Pipeline Services Inspection Service PI&IS In-line Inspection Federal and some state regulations require pipeline Smart pigs operators to develop integrity management programs and Pigs tracking conduct…
  9. JUNE 2015 INVESTOR PRESENTATION – Cypress Energy Partners, L.P. – slide 9
    PI&IS The Life Cycle of a Pipeline New Construction Services Current Services Right-of-way acquisitions (limited) Potential Services Engineering / design New Construction Right-of-way (ROW) Survey / drafting Pipeline supply…
  10. JUNE 2015 INVESTOR PRESENTATION – Cypress Energy Partners, L.P. – slide 10
    PI&IS Growing Market Dynamics Market Dynamics Pipelines Substantial existing infrastructure is aging 2.3+ million miles of transmission and distribution pipelines plus millions of miles of gathering systems1 60% of U.S. pipelines are…
  11. JUNE 2015 INVESTOR PRESENTATION – Cypress Energy Partners, L.P. – slide 11
    PI&IS A Large and Growing Service Industry 2.1 billion 47,000 miles 1,450 runs 12,000 digs Over 2.1 Bn spent on Over 47,000-miles of Over 1,450 in-line Over 12,000 digs for integrity management liquids pipeline inspection smart pig…
  12. JUNE 2015 INVESTOR PRESENTATION – Cypress Energy Partners, L.P. – slide 12
    PI&IS An Overview of Our Midstream Services How We Generate Revenue Customers typically pay a daily or weekly rate per inspector and per diem expenses Results driven by the number and type of inspectors performing services and the fees…
  13. JUNE 2015 INVESTOR PRESENTATION – Cypress Energy Partners, L.P. – slide 13
    W&ES Strategic Footprint Enhances our Position We own 11 SWD facilities 9 in the Bakken The Bakken and Permian 2 in the Permian are strategic basins that benefit from high volumes of Total wastewater solids (TDS) produced water and…
  14. JUNE 2015 INVESTOR PRESENTATION – Cypress Energy Partners, L.P. – slide 14
    W&ES Essential Midstream Services Oil & gas production produces water & solids that require proper disposal Water Fracturing Well Production of Fracturing acquisition fluid mixing completion oil/gas and fluid injection…
  15. JUNE 2015 INVESTOR PRESENTATION – Cypress Energy Partners, L.P. – slide 15
    W&ES CELP Facilities Salt Water Disposal Facility 1804 Chemical Ross Mountrail County, ND Process Saltwater Gun barrel Injection tank tank pump house Unload facility Injection Crew Well Containment quarters Skim oil tanks…
  16. JUNE 2015 INVESTOR PRESENTATION – Cypress Energy Partners, L.P. – slide 16
    W&ES Business Overview & Opportunity We charge a fee per barrel mm barrels /bbl 8 1.31 1.27 1.40 Management fees for third party 1.17 1.19 7 1.13 1.09 1.07 1.20 SWDs 1.06 6 0.92 1.00 Transportation fees for pipelines 5 (future)…
  17. JUNE 2015 INVESTOR PRESENTATION – Cypress Energy Partners, L.P. – slide 17
    Our Customers W&ES PI&IS 125+ customers in the U.S. 70+ customers in North America a majority are investment grade E&P companies publicly-traded companies Trucking companies that serve Midstream companies oil & gas producers Oil &…
  18. JUNE 2015 INVESTOR PRESENTATION – Cypress Energy Partners, L.P. – slide 18
    Energy Macroeconomics Quarterly U.S. Rig Count Quarterly Oil Prices Quarterly Gas Prices rigs /bbl /mmbtu 2,000 120 5.00 1,800 4.50 1,600 100 4.00 1,400 3.50 80 1,200 3.00 1,000 60 2.50 800 2.00 600 40 1.50 400 1.00 20 200 0.50 0…
  19. JUNE 2015 INVESTOR PRESENTATION – Cypress Energy Partners, L.P. – slide 19
    Factors Enhancing our Stability Stable Product Focus Required Services Stability, Diversity, Growth W&ES PI&IS CELP Produced water focus: Occurs Required services: Natural gas, Fixed-fee model: We charge a for the life of a well…
  20. JUNE 2015 INVESTOR PRESENTATION – Cypress Energy Partners, L.P. – slide 20
    Conservative & Flexible Balance Sheet CELP runs a conservative balance sheet profile, offering financial flexibility mm 350 Debt balance Debt Capacity 300 Capacity with Accordion 250 200 (2) 150 130.2 100 75.0 70.0 70.0 75.0…
  21. JUNE 2015 INVESTOR PRESENTATION – Cypress Energy Partners, L.P. – slide 21
    CELP An Attractive Investment Opportunity Independent Geographic diversity inspection U.S. energy Significant independence industry CYPRESS experience ENERGY PARTNERS Water & Environmental Services Pipeline Inspection &…
  22. JUNE 2015 INVESTOR PRESENTATION – Cypress Energy Partners, L.P. – slide 22
    Appendix
  23. JUNE 2015 INVESTOR PRESENTATION – Cypress Energy Partners, L.P. – slide 23
    Consolidated Financial Performance (1Q15) First Quarter 2015 Highlights W&ES Summary Distribution: Q1 distribution of 0.406413 (1.63 MM Bbls Disposal volumes (Ieft axis) mm annualized), total distribution of 4.8 million 7 Revenue…
  24. JUNE 2015 INVESTOR PRESENTATION – Cypress Energy Partners, L.P. – slide 24
    Consolidated Financial Performance (FY14) Full Year 2014 Highlights W&ES Summary Distributions: Completed two distribution increases MM Bbls Disposal volumes (Ieft axis) mm since our Jan 2014 IPO (+4.9% above our MQD) 25 Revenue (right…
  25. JUNE 2015 INVESTOR PRESENTATION – Cypress Energy Partners, L.P. – slide 25
    2014 CELP EBITDA to DCF Reconciliation Per our Omnibus Agreement, the 49.9% owners previously absorbed additional costs (subsidies) benefiting CELP, including: 1) Incremental interest expense for credit facility use 2) 100% of the…

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