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Q2 2015 Earnings Call – Northern Tier Energy Lp

Northern Tier Energy Lp · Aug 4, 2015 · 10 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. Q2 2015 Earnings Call – Northern Tier Energy Lp – slide 1
    Second Quarter 2015 Earnings Conference Call and Webcast August 4, 2015
  2. Q2 2015 Earnings Call – Northern Tier Energy Lp – slide 2
    Q2 Financial Results Selected Balance Sheet & Cash Flow Data ( in millions, except per unit data) Consolidated Financial Results Q2 2015 Q2 2014 Net Income 128.9 57.9 Adjusted Net Income1 90.7 61.4 Operating Income 139.3 65.6…
  3. Q2 2015 Earnings Call – Northern Tier Energy Lp – slide 3
    Key Refining Performance Metrics Gross Margin1 Total Refinery Throughput ( per throughput barrel) (thousands of barrels per day) Group 3 Benchmark Crack Spread2 Direct Operating Expenses3 ( per barrel) ( per throughput barrel)…
  4. Q2 2015 Earnings Call – Northern Tier Energy Lp – slide 4
    Cash Available for Distribution Reconciliation ( in millions) For the three months ended June 30, 2015 Net income 128.9 Adjustments: Interest expense 7.5 Income tax provision 2.9 Depreciation and amortization 10.8 EBITDA…
  5. Q2 2015 Earnings Call – Northern Tier Energy Lp – slide 5
    Q3 2015 Operating and Capex Guidance Q3 2015 Low High Refinery Statistics: Total crude oil charge (bpd) 96,000 98,000 Other throughput (bpd) 1,500 Total throughput (bpd) 96,000 99,500 Heavy crude oil throughput percentage of total…
  6. Q2 2015 Earnings Call – Northern Tier Energy Lp – slide 6
    APPENDIX
  7. Q2 2015 Earnings Call – Northern Tier Energy Lp – slide 7
    Adjusted EBITDA Reconciliation 2014 2015 Q1 Q2 Q3 Q4 Q1 Q2 Net Income 71.5 57.9 96.2 16.0 111.2 128.9 Adjustments: Interest Expense 6.2 6.2 6.7 7.5 7.5 7.5 Income Tax Provision (Benefit) 0.1 1.5 1.9 3.6 0.8 2.9 Depreciation and…
  8. Q2 2015 Earnings Call – Northern Tier Energy Lp – slide 8
    Adjusted Net Income & Adjusted Earnings per Unit Reconciliation ( in millions, except per unit data) Q2 2015 Q2 2014 Net Income 128.9 57.9 Adjusted for Special Items: Lower of Cost or Market Inventory Adjustment (38.2)…
  9. Q2 2015 Earnings Call – Northern Tier Energy Lp – slide 9
    Operating Income Reconciliation ( in millions) Q2 2015 Q2 2014 Operating Income 139.3 65.6 Adjusted for Special Items: Lower of Cost or Market Inventory Adjustment (38.2) Reorganization and Related Costs 3.5 Operating Income…
  10. Q2 2015 Earnings Call – Northern Tier Energy Lp – slide 10
    Refining Operating Information Per Barrel of Throughput Reconciliation ( in millions, unless otherwise indicated) Q2 2015 Q2 2014 Refinery Gross Margin per Barrel of Throughput Refinery Revenue 839.8 1,486.7 Refinery Costs of Sales…

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