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CITIGROUP MLP AND MIDSTREAM CONFERENCE – PBF Logistics Lp

PBF Logistics Lp · Aug 20, 2014 · 12 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. CITIGROUP MLP AND MIDSTREAM CONFERENCE – PBF Logistics Lp – slide 1
    PBF Logistics LP (NYSE: PBFX) Citigroup MLP/Midstream Conference August 2014
  2. CITIGROUP MLP AND MIDSTREAM CONFERENCE – PBF Logistics Lp – slide 2
    PBFX Investment Highlights PBFX is the primary vehicle to expand PBF Energys (PBF) logistics asset base PBF provides PBFX with multiple avenues of growth PBF underpins the stability of PBFXs cash flow Relationship with PBF Seven-year,…
  3. CITIGROUP MLP AND MIDSTREAM CONFERENCE – PBF Logistics Lp – slide 3
    Current Assets Delaware City Rail Terminal Enhances flexibility and profitability of PBFs East Coast refining operations Light crude oil rail unloading terminal Supports Delaware City and Paulsboro refineries Combined refining…
  4. CITIGROUP MLP AND MIDSTREAM CONFERENCE – PBF Logistics Lp – slide 4
    Current Assets Toledo Truck Terminal Critical infrastructure to PBFs Toledo refinery 15,000 bpd truck crude unloading facility Services PBFs 170,000 bpd Toledo refinery Primarily receives locally-gathered, cost-advantaged crude…
  5. CITIGROUP MLP AND MIDSTREAM CONFERENCE – PBF Logistics Lp – slide 5
    PBF Energys Strengths as a Sponsor Significant acquisition experience Operational Long history of operating logistics and refining assets Excellent safety record; Early adopter of rail safety initiatives Conservative financial…
  6. CITIGROUP MLP AND MIDSTREAM CONFERENCE – PBF Logistics Lp – slide 6
    Overview of Sponsor: PBF Energy PBF is the 5th largest independent refiner Toledo Market capitalization of 2.5 billion and enterprise value of 3.2 billion (1) Ba3 / BB- credit ratings Owns three oil refineries in Ohio, Delaware and…
  7. CITIGROUP MLP AND MIDSTREAM CONFERENCE – PBF Logistics Lp – slide 7
    Robust Drop-down Inventory Retained at PBF PBFX has ROFO on substantial portfolio of logistics assets retained at PBF Significant growth potential through future drop-downs Critical logistics infrastructure retained by PBF at all…
  8. CITIGROUP MLP AND MIDSTREAM CONFERENCE – PBF Logistics Lp – slide 8
    PBFX Business Strategies Utilize long-term, fee-based contracts with minimum volume commitments Generate stable, fee- and inflation escalators based cash flow Maintain no direct exposure to commodity price fluctuations PBFX has…
  9. CITIGROUP MLP AND MIDSTREAM CONFERENCE – PBF Logistics Lp – slide 9
    PBFX Financial Strategy Maintain financial flexibility to protect and grow distributions Conservative total unit distribution coverage target of 1.15x 50% subordination structure provides initial common unit Protect and grow…
  10. CITIGROUP MLP AND MIDSTREAM CONFERENCE – PBF Logistics Lp – slide 10
    Stable and Predictable Cash Flows Revenue generated under long-term, fee-based Maximum contracts with MVCs and inflation price escalators Initial Additional MVCs secure 100% of NTM forecast revenue Agreements with PBF Term Renewal…
  11. CITIGROUP MLP AND MIDSTREAM CONFERENCE – PBF Logistics Lp – slide 11
    PBFX Strategies and Strengths Recap Business Strategies Generate Stable, Fee-Based Cash Flow Grow Through Acquisitions Pursue Organic Growth Initiatives Optimize Existing Assets and Pursue Third-Party Volumes Maintain Safe,…
  12. CITIGROUP MLP AND MIDSTREAM CONFERENCE – PBF Logistics Lp – slide 12
    PBF Logistics LP Initial Public Offering April 2014

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