JP Energy Partners LP (JPEP) Overview NYSE Listed: JPEP Formed in May 2010; IPO in October 2014 JPEP is a publicly traded, diversified master limited partnership with operations including: Crude Oil Pipelines and Storage Refined…
Well Positioned for 2015 and Beyond Solid Position in Active Basins Fully Integrated Solution Solid Financial Position Enables LongTerm Growth Network of midstream Manage physical Large percentage of fee Initiate dropdowns assets…
Business Diversification
Geographically Diversified Midstream Platform Cylinder Exchange Crude Oil Pipelines Crude Oil Supply Refined Products (National) and Storage and Logistics Terminals and Storage NGL Sales, NGL Transportation 6
Diversified Offering From Upstream to Downstream Crude Oil Producers Refiners Truck Pipeline Injection Station Pipeline Terminal/Storage/ Rail Exchange Location Pipeline Gathering Natural Gas Liquids Refined…
Growing, FeeBased Cash Flows with High Quality Customer Base 2014 Adjusted EBITDA Mix Refined Products Terminals and Storage Fixed fees for throughput and storage Fixed fees for blending services, injection of additives and…
Refined Products Terminals and Storage Growth Provides steady, predictable cash flow with minimal maintenance capital expenditures and feebased revenues Caddo Mills, Texas (Dallas) Terminals in Large Metropolitan Areas Storage…
Crude Oil Storage JP Energy Partners crude oil storage facility is located in Cushing, Oklahoma, a key hub connecting production to the Gulf Coast Asset Highlights Consistent, Fee Based Crude Oil Storage Adjusted EBITDA(1) Focused on…
NGL Distribution and Sales Overview(1) Limited Gross Margin Seasonality (2) NGL Distribution and Sales / NGL Transportation Target growing demand for power generation and oilfield service applications providing stable cash flows…
NGL Distribution and Sales Economics Overview Limited Seasonality (1) Two primary businesses reduce seasonality Propane Sales and Distribution business is winter weighted, although decreasing seasonality due to growth in…
Silver Dollar Anchored by Active Producers and Provides Access to Multiple EndMarkets JP Energy Partners crude oil pipeline system is base loaded by three customers with over 350,000 contiguous acres in the Permian Basin Midland…
Silver Dollar Pipeline Continuing To Grow Overview Volume Growth Accelerating Volume growth from the core of the Permian continues in current oil price environment Pipeline Volumes (Barrels Per Day) 30,000 Connection to Cline Shale…
Gathering Systems In the Lowest Cost Crude Oil Basins Core Assets in the Permian (Silver Dollar) and Eagle Ford (Republic Midstream ROFO)(1)(2) JP Energy Focus Areas Breakeven Price per Barrel Eagle Ford: 43.34 ________________…
Recent Project Updates
Silver Dollar Pipeline Reagan County Expansion Project Overview Planned Expansion Truck Recently announced the expansion of the Silver Dollar Legend Glasscock Station Reagan Lateral Station pipeline north into Reagan and Glasscock…
Magellan Longhorn Interconnection Project Overview Multiple TakeAway Options In April, JP Energy executed an interconnection agreement with an affiliate of Magellan Midstream Partners, L.P. (Magellan) Colorado City The agreement…
Southern Propane Acquisition Project Overview Complementary Footprint In April, JP Energy announced it entered into a definitive agreement to acquire substantially all of the assets of Southern Propane Inc. (Southern) for 14.9mm,…
Strong Equity Sponsorship
JP Energy Family Overview JP Energy Partners has a strategic partnership with JP Development and Republic Midstream JP Development JP Energy Partners Republic Midstream Founded in July 2012 to support JP Founded in May 2010 to own,…
Crude Oil DropDown Opportunities Management & ArcLight have created near term dropdown opportunities Potential DropDowns ArcLight Sponsorship Great Salt Plains Pipeline ArcLight has demonstrated the ability to 115 mile crude oil…
Financial Strategy
Conservative Balance Sheet Balance Sheet Management Available Liquidity (mm)(1) Two major focuses for conservative balance sheet management Maintain considerable excess liquidity Credit Facility 148mm as of March 31, 2015…
Recent Financial Updates & Project Highlights Adj. EBITDA growth vs. prior year (+79%) and sequentially (+26%1) Q1 2015 Q1 2015 distribution of 0.325/unit2, equivalent to MQD Recap Distributable cash flow of 13.3 mm, equates to 1.1x…
Financial Strategy Long term contracts for our crude oil pipelines Maintain Stable Refined products and NGL segments offer diversification in mature markets Cash Flows but with considerable growth opportunities Nearterm organic…
Summary Four unique but complementary business segments connecting upstream supply to Diversified downstream demand Business Opportunity to seek further value chain integration Diverse business mix provides natural hedge to…
Appendix
Q1 2015: Segment Performance Segment Q1 Performance Drivers Adjusted EBITDA by Segment NGL Higher NGL and refined product sales Distribution & Increase in the average NGL and Sales refined products sales margin Crude Oil…
Q1 2015: Balance Sheet & Liquidity Available debt capacity expected to fully support planned 2015 organic capex Strong Metrics, Access to Capital Available Liquidity (mm)1 Maintained conservative leverage of 2.9x Leverage ratio…
NonGAAP Reconciliation Adjusted EBITDA Three months ended March 31, 2015 2014 (in thousands) Segment Adjusted EBITDA Crude oil pipelines and storage 5,476 4,968 Crude oil supply and logistics 1,982 695 Refined products terminals…
NonGAAP Reconciliation Distributable Cash Flow Three months ended March 31, 2015 (in thousands) Net cash provided by operating activities 3,440 Depreciation and amortization (11,339) Derivative valuation changes 4,008…
Consolidated Income Statement Three Months Ended March 31, 2015 2014 (in thousands, except unit and per unit data) REVENUES: Crude oil sales 231,917 341,005 Gathering, transportation and storage fees 6,951 8,096 NGL and refined…
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