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Q2 2015 Earnings Call – Sunoco Logistics Partners L.P.

Sunoco Logistics Partners L.P. · Aug 6, 2015 · 24 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 – Sunoco Logistics Partners L.P. – slide 1
    Sunoco Logistics Partners L.P. Second Quarter 2015 Earnings Conference Call August 6, 2015
  2. Q2 2015 Earnings Call – Sunoco Logistics Partners L.P. – slide 2
    2Q Highlights Record quarterly performance: 326MM Adjusted EBITDA and 264MM Distributable Cash Flow Blue Bar EBITDA has increased 30% year over year Results were impacted by 25MM LIFO reversal from 1Q Distributions: 2Q increase:…
  3. Q2 2015 Earnings Call – Sunoco Logistics Partners L.P. – slide 3
    13 Consecutive Quarters of 5% Distribution Growth Guidance 5% quarter over quarter increases in 2015 4
  4. Q2 2015 Earnings Call – Sunoco Logistics Partners L.P. – slide 4
    16 Successful Major Projects Major Organic and Joint Venture Projects: 3 West Texas Crude expansion projects (crude oil) Permian Express 1 (crude oil) Permian Express 2 (crude oil) Eaglebine Express (crude oil) Granite Wash…
  5. Q2 2015 Earnings Call – Sunoco Logistics Partners L.P. – slide 5
    Actively Developing Publically Disclosed Major Organic and Joint Venture Projects: Bayou Bridge St. James 30% Ownership (crude oil) Plan to launch open season in 3Q15 Mariner East 2 Expansion (natural gas liquids) Plan to launch…
  6. Q2 2015 Earnings Call – Sunoco Logistics Partners L.P. – slide 6
    Organic Expansion Capital 3,000 2,500 Investment (MM) 2,000 1,500 1,000 500 0 2010 2011 2012 2013 2014 2015P Organic Expansion Capital 7
  7. Q2 2015 Earnings Call – Sunoco Logistics Partners L.P. – slide 7
    Scheduled Project Start-up 8
  8. Q2 2015 Earnings Call – Sunoco Logistics Partners L.P. – slide 8
    Mariner Franchise: 4 Successful Open Seasons Mariner East 1 Ethane / Propane from Houston to Marcus Hook 4Q 2014* Mariner West Ethane from Houston to Sarnia 4Q 2013 Mariner South Mariner East 2 Propane / Butane from Mont…
  9. Q2 2015 Earnings Call – Sunoco Logistics Partners L.P. – slide 9
    Mariner South Natural Gas Liquids Export propane and butane from our Nederland terminal on the Gulf Coast: Mariner South Propane / Butane from Mont Belvieu to Nederland Joint project between SXL and End of 2014 Lone Star (ETP)…
  10. Q2 2015 Earnings Call – Sunoco Logistics Partners L.P. – slide 10
    Mariner East 1 Natural Gas Liquids A Comprehensive Marcellus Shale Solution: Natural Gas Liquids from Houston, PA to the Marcus Hook Industrial Complex Mix of Propane & Ethane Approx. 70 MB/D capacity Propane commenced operation…
  11. Q2 2015 Earnings Call – Sunoco Logistics Partners L.P. – slide 11
    Crude Projects 12
  12. Q2 2015 Earnings Call – Sunoco Logistics Partners L.P. – slide 12
    Permian Express 2 Crude Oil Additional West TX Crude Expansion: Increase takeaway capacity out of the Permian Basin Provides access to multiple markets Commenced operation in 3Q15 Currently 200 MB/D capacity Adequately sized…
  13. Q2 2015 Earnings Call – Sunoco Logistics Partners L.P. – slide 13
    APPENDIX
  14. Q2 2015 Earnings Call – Sunoco Logistics Partners L.P. – slide 14
    SXL Q2 2015 Financial Highlights Three Months Ended Six Months Ended (amounts in millions) June 30, June 30, 2015 2014 2015 2014 Sales and other operating revenue 3,202 4,821 5,774 9,298 Cost of products sold 2,821 4,517 5,130…
  15. Q2 2015 Earnings Call – Sunoco Logistics Partners L.P. – slide 15
    SXL Q2 2015 Financial Highlights (amounts in millions, except per unit amounts) Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Calculation of Limited Partners' interest: Net Income attributable to Sunoco…
  16. Q2 2015 Earnings Call – Sunoco Logistics Partners L.P. – slide 16
    SXL Q2 2015 Financial Highlights (amounts in millions) Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Capital Expenditures: Expansion 486 643 909 1,108 Maintenance 16 13 31 31 Acquisitions - 80 131 80…
  17. Q2 2015 Earnings Call – Sunoco Logistics Partners L.P. – slide 17
    SXL Q2 2015 Financial Highlights (amounts in millions) June 30, December 31, 2015 2014 Balance Sheet Data: Cash and cash equivalents 58 101 Revolving credit facilities 550 185 Senior Notes 3,975 3,975 Unamortized fair value…
  18. Q2 2015 Earnings Call – Sunoco Logistics Partners L.P. – slide 18
    SXL Non-GAAP Financial Measures (amounts in millions) Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Net Income 277 158 314 268 Interest expense, net 31 21 60 37 Depreciation and amortization expense 94…
  19. Q2 2015 Earnings Call – Sunoco Logistics Partners L.P. – slide 19
    SXL Crude Oil Pipelines Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Financial Highlights (in millions) Sales and other operating revenue 135 138 270 269 Adjusted EBITDA 89 104 184 197 Operating…
  20. Q2 2015 Earnings Call – Sunoco Logistics Partners L.P. – slide 20
    SXL Crude Oil Acquisition and Marketing Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Financial Highlights (in millions) Sales and other operating revenue 2,680 4,432 4,888 8,526 Adjusted EBITDA 41 53…
  21. Q2 2015 Earnings Call – Sunoco Logistics Partners L.P. – slide 21
    SXL Terminal Facilities Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Financial Highlights (in millions) Sales and other operating revenue 393 283 637 570 Adjusted EBITDA 140 97 192 183 Operating…
  22. Q2 2015 Earnings Call – Sunoco Logistics Partners L.P. – slide 22
    SXL Products Pipelines Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Financial Highlights (in millions) Sales and other operating revenue 77 40 140 81 Adjusted EBITDA 56 26 99 43 (1) (2) Operating…
  23. Q2 2015 Earnings Call – Sunoco Logistics Partners L.P. – slide 23
    SXL Key Financial and Operating Statistics 2011 2012 2013 2014 2015 Total Total 1st 2nd 3rd 4th Total 1st 2nd 3rd 4th Total 1st 2nd Total Financial highlights (in millions) Sales and other operating revenue Crude Oil Pipelines 319…
  24. Q2 2015 Earnings Call – Sunoco Logistics Partners L.P. – slide 24
    SXL Key Financial and Operating Statistics 2011 2012 2013 2014 2015 Total Total 1st 2nd 3rd 4th Total 1st 2nd 3rd 4th Total 1st 2nd Total Reconciliation of Segment Operating Income to Net Income Attributable to Sunoco Logistics…

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