Overview of NGL Business Description NGL Water Crude Retail Liquids Solutions Logistics Propane Exposure to : Midstream/Upstream Midstream Midstream Retail Wholesale/Retail Benefits from: Higher prices Higher prices Lower…
NGL Energy Partners 1. NGL is a diversified midstream MLP that provides multiple services to Adjusted EBITDA Growth Over Time producers and end-users 500+ Transportation, storage, blending and marketing of crude oil and natural gas…
NGL Energy Partners 3. Natural Hedges between segments minimizes commodity price risk Water disposal vs. Crude storage Midstream/Upstream vs. Downstream/Retail 4. Approximately 50% fee based business, on target to exceed 60% fee…
NGL Has a Proven Track Record of Successful Growth Since NGL's IPO in May 2011, NGL has consumated and integrated more than 40 acquisitions Distribution growth of 6% - 8% Key Growth Metrics and Performance Distribution Per Unit…
Financial stability while executing growth Equity Issuances 300 million public offering (July-13) 135 million public offering (Sept-13) 240 million private placement (Nov-13) 400 million public offering (June-14) 170 million…
NGL Value Proposition Sources: Company filings, Wall Street Research and FactSet (market data as of 6/16/2015) 9
Section II Asset & Geographic Diversification 10
Diversified Across Multiple Businesses and Producing Basins NGLs operations are geographically and operationally diversified Significant presence in the most economic oil and natural gas shale plays in the country Coast-to-coast…
Section RefinedII Products / Renewables - Area of Operations Mid Continent Terminals 12
Significant Operational Diversity Refined Products/ Crude Logistics Water Solutions NGL Liquids Retail Renewables Purchase and Treatment of oil and Transport, Distribute propane / Purchase and transport transport crude oil gas…
Section II Operating Segments 14
Crude Logistics Segment Operations Area of Operation Purchases and transports crude oil for resale to a pipeline injection Bakken point, storage terminal, barge Shale loading facility, rail facility, refinery or trade hub…
Crude Logistics Asset Overview 7.5 MMbbls of storage in Cushing (3.4MMbbls leased) 5 Gulf Coast terminals with aggregate capacity of 850 Mbbls Terminals Port of Catoosa, Oklahoma - storage services; truck and rail trans-loading to…
NGL Cushing Storage and Connectivity The Cushing Terminal has superior connectivity to supply and sales markets Enterprise (NYMEX delivery point with access to Seaway) SemCrude (with assets to BKEP) Plains Magellan Pony…
Grand Mesa Pipeline Project scope: 558 mile long pipeline capable of handling unique crude grades in batches Construction costs fixed at 655 million over the course of the project plus 15 million for storage at Cushing Annual EBITDA,…
Glass Mountain Pipeline Asset scope: The pipeline consists of two, 12 laterals and an 18 mainline totaling 211 miles 3 main pump station sites at Arnett, Alva and Ruby 50% interest in Glass Mountain Pipeline 147MMbbls/d capacity…
Water Solutions Overview Segment Operations Area of Operation Provides services for the treatment, processing, and Bakken Shale disposal of wastewater, and solids generated from oil and natural gas production Revenue streams from…
Water Treatment and Processing Operational Model Treatment and Disposal Company-owned disposal facilities provide producers affordable well-disposal of wastewater generated from oil and natural gas production and drilling activities…
Water Solutions Facility locations Daily Disposal Capacities Bakken 40 MBPD DJ 140 MBPD Granite Wash 52 MBPD Permian 440 MBPD Eagle Ford 390 MBPD Daily Recycle Capacities Pinedale 60 MBPD DJ 20 MBPD 22
Liquids Overview Area of Operation 23
Liquids Terminals and Wholesale Supply & Marketing Segment Railcar Segment 21 terminals serving over 400 customers Transports and markets NGLs to and from refiners, 17 terminals with rail loading capability gas processors, propane…
Sawtooth NGL Caverns Currently developing the largest underground liquids storage facility in the Western U.S. Sawtooth will hold more than 10mmbbls of Natural Gas Liquids in 8 caverns. Sawtooth is 100% fee-based and contracted…
Refined Products Rack/Just-in-time Refined fuels markets and sales volume 27
Refined Products Refined Product Rack/Just-in-time Refined Product - Contracted Market refined products at the rack to wholesale Market refined products at the rack to contracted resellers and end users in the spot market…
Collins Complex Pipeline Connections Receipt, storage and injection to/from Colonial and Plantation Pipelines Storage Facilities 3.9 mm bbls working capacity Commodities Handled Petroleum Products Gasoline Distillates…
Bostco Terminal Bostco is a newly constructed black oil terminal in the Houston Ship Channel with approximately 7.1 million barrels of capacity TLP owns 42.5% of Bostco and Kinder Morgan owns 55% Permitted for four deepwater…
Brownsville Terminal Pipeline Connections Valley Pipeline, MB Pipeline, Diamondback Pipeline Marine Facilities Five Oil Docks (Port of Brownsville) Storage Facilities 2.1 mm bbls working capacity Rail Facilities 300 total…
Retail Propane Overview Segment Operations Area of Operation Sell propane and petroleum distillates to end-users consisting of residential, agricultural, commercial and industrial customers Geographic diversity mitigates weather…
Retail Propane What Sets Us Apart Operational focus on regions with the highest number of degree days North East, Upper Midwest and Pacific NW Geographic Focus In warmer weather, gross margins temporarily expand to recoup a portion of…
Visibility to 1 billion EBITDA and two-thirds fee based by 2018 Projected Segment Contribution EBITDA (in MM's) 2018 NGL Fiscal 2016 Guidance 500 Current Internal Growth Projects: Grand Mesa Pipeline, Sawtooth 180 Other 70…
Conclusion and Key Takeaways Compelling investment opportunity with attractive combination of yield and growth Distribution growth guidance of 6% - 8% 85% per unit distribution increase since IPO Five business segments provide…
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