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JUNE 2015 INVESTOR PRESENTATION – Buckeye Partners Lp

Buckeye Partners Lp · Jun 24, 2015 · 14 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 – Buckeye Partners Lp – slide 1
    Fixed Income Investor Presentation New York, NY and Boston, MA June 24-25, 2015
  2. JUNE 2015 INVESTOR PRESENTATION – Buckeye Partners Lp – slide 2
    ORGANIZATIONAL OVERVIEW AND HIGHLIGHTS Buckeye owns and operates a diversified network of integrated assets providing midstream logistic solutions Three Business Operating Units LTM(1) Adjusted EBITDA Domestic Pipelines & Terminals…
  3. JUNE 2015 INVESTOR PRESENTATION – Buckeye Partners Lp – slide 3
    RECENT DEVELOPMENTS Domestic Pipelines & Terminals oSuccessful open season offerings recently completed oHigher volumes and benefit of capital investments drove strong Q1 performance Global Marine Terminals oSuccessful execution of…
  4. JUNE 2015 INVESTOR PRESENTATION – Buckeye Partners Lp – slide 4
    PIPELINE AND TERMINAL SYSTEM MAP Chicago Complex NY Harbor Caribbean Gulf Coast Four Buckeye Hubs Copyright 2015 Buckeye Partners, L.P. 5
  5. JUNE 2015 INVESTOR PRESENTATION – Buckeye Partners Lp – slide 5
    TRANSFORMATION SINCE 2010 Acquisitions Drove Significant Geographic New Global Marine Terminals Segment Provides Diversification Significant Diversification in Adjusted EBITDA (1) 763.6 787.9 648.8 559.5 31% 33% 487.9 23% 23%…
  6. JUNE 2015 INVESTOR PRESENTATION – Buckeye Partners Lp – slide 6
    CRUDE OIL PRICING IMPACT AND DIVERSIFICATION Buckeyes business is predominantly fee-based; limiting impact of lower crude oil prices CRUDE OIL PRICING IMPACT CRUDE OIL DIVERSIFICATION Certainty of cash flows despite uncertainty in…
  7. JUNE 2015 INVESTOR PRESENTATION – Buckeye Partners Lp – slide 7
    BUCKEYE TEXAS PARTNERS ACQUISITION OVERVIEW Unique midstream platform in the Gulf Coast with long-term committed revenues and significant opportunities for further growth Asset Overview (1) Strategic Rationale o Buckeye Texas Hub…
  8. JUNE 2015 INVESTOR PRESENTATION – Buckeye Partners Lp – slide 8
    GROWTH CAPITAL PROJECTS Large capital projects drive meaningful incremental contributions to our growth DOMESTIC PIPELINES & TERMINALS GLOBAL MARINE TERMINALS PROJECTS PROJECTS Texas Partners - Corpus Christi Open Season for…
  9. JUNE 2015 INVESTOR PRESENTATION – Buckeye Partners Lp – slide 9
    FINANCIAL OVERVIEW
  10. JUNE 2015 INVESTOR PRESENTATION – Buckeye Partners Lp – slide 10
    FINANCIAL PERFORMANCE Adjusted EBITDA (in millions)(1)(2) Cash Distribution Coverage Ratio(1)(2)(3) 787.9 763.6 1.04x 0.99x 0.97x 648.8 0.96x 0.91x 559.5 487.9 2011 2012 2013 2014 LTM 2011 2012 2013 2014 LTM Cash…
  11. JUNE 2015 INVESTOR PRESENTATION – Buckeye Partners Lp – slide 11
    LONG TERM DEBT PORTFOLIO Debt Ratings and Metrics Debt Tranches (1) o Fitch: BBB-/Stable Outlook 5.125% Notes due July 1, 2017.. 125,000,000 o Moodys: Baa3/Stable Outlook 6.050% Notes due January 15, 2018.. 300,000,000 o Standard &…
  12. JUNE 2015 INVESTOR PRESENTATION – Buckeye Partners Lp – slide 12
    BUCKEYE PARTNERS SUMMARY Diverse portfolio of assets built through acquisitions and internal investment that deliver stable financial results despite volatile commodity markets oPredominantly fee-based cash flows from our…
  13. JUNE 2015 INVESTOR PRESENTATION – Buckeye Partners Lp – slide 13
    N NON-GAAP RECONCILIATIONS
  14. JUNE 2015 INVESTOR PRESENTATION – Buckeye Partners Lp – slide 14
    NON-GAAP RECONCILIATIONS In millions, except coverage ratio 2011 2012 2013 2014 LTM(3) (1)(2) Adjusted EBITDA from continuing operations : Pipelines & Terminals 361.0 409.5 471.1 511.4 510.2 Global Marine Terminals 113.0 128.6…

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