Quality Assets. Disciplined Management. Investor Presentation www.sanchezpp.com August 2015
SPP Investment Highlights Integrated through Services Agreements with As of 6/30/2015 Successful Sanchez Oil & Gas Corp. (SOG) Market Value 60.7 MM Conversion to MLP Committed to building a sustainable and Enterprise Value 178.9 MM…
SPPs Corporate Transition 2015+ 2015 Identify/Pursue Acquisitions and Other Opportunities; Q1 2015 Identify/Pursue Raise Capital Acquisitions and Other Opportunities Q3 2014 Converted from LLC to GP/LP Q2 2014 Completed Closed…
The Sanchez Advantage 5 2015 Sanchez Production Partners LP
SOGs operational platform Sanchez Oil & Gas Corporation (SOG) provides a robust, full service oil and gas operational platform Experienced Management: Senior Sanchez management team averages over Oil & Gas 20 years of industry…
creates a well-sponsored Partnership Sanchez Oil & Gas Corporation (SOG) 1972 Operations and Technical Support Private operating platform with 200+ employees Experienced management Technical and operational expertise Active…
The Sanchez Advantage: Alignment of Interests 4 Growth at SPP 1 SN invests capital in generates currency development drilling Capital for SNs future growth Perpetuates Deployed and acquisitions Growth Produces growth in Platform…
SPP Eagle Ford Acquisition Illustrated below, the SPP Eagle Ford Acquisition was structured to offset natural production declines, minimize maintenance capital requirements, and maintain more stable cash flows over the life of the…
Looking Ahead 10 2015 Sanchez Production Partners LP
Portfolio Overview May 2015 Sanchez Production Partners LP SPP Legacy Assets SPP Eagle Ford Acquisition Cherokee Basin operated and non-operated Closed 3/31/2015 assets were acquired in three separate transactions in 2007…
Five Keys to Success Growth in our asset base is achievable primarily through acquisitions, which may source from: SOGs operational platform and service relationships Growth Joint bid opportunities identified by SOG Right-sized…
Optimizing SPPs Distributable Cash Flow Achieve growth through Acquisitions Mitigate business risks by Targeting cash flowing assets associated with production, gathering, and processing activities Aligning assets, interests and…
Appendix 14 2015 Sanchez Production Partners LP
SPP Hedging Program(1) SPP intends to hedge a high percentage of PDP for up to five years SPPs hedge strategy primarily utilizes swaps and costless collars, as warranted by market conditions Hedges executed with SPPs lenders and…
SPP Financial Position As of 6/30/2015 ( in 000s unless noted) Cash & Cash Equivalents 5,224 Borrowing Capacity 4,000 = Borrowing Base 110,000 - Debt Outstanding 106,000 Total Liquidity 9,224 = Borrowing Capacity 4,000 +…
Recent Financial Results 15Q2 vs. 15Q1 15Q2 vs. 14Q2 ( in 000s unless noted) 15Q2 15Q1 15Q2 14Q2 Production (MBOE) 402 324 402 383 Oil & Gas Sales 14,683 12,656 14,683 18,004 Loss from Mark-to-Market Activities (9,902) (732) (9,902)…
Non-GAAP Financial Measures Use of Non-GAAP Financial Measures: EBITDA and Adjusted EBITDA are non-GAAP financial measures that are reconciled to their most comparable GAAP financial measure under Reconciliation of Non-GAAP Financial…
Reconciliation Items Sanchez Reconci l i a ti on of N et Incom e ( Los s ) to A dj us ted EBITDA ( i n 000s ) 14Q2 Y TD 14Q2 15Q1 15Q2 Y TD 15Q2 N et l os s (5,011) (7,950) (89,986) (10,341) (100,327) Interes t expens e, net 533…
Loading...
