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EnerCom The Oil and Gas Conference 2015 – Blueknight Energy Partners, L.P.

Blueknight Energy Partners, L.P. · Aug 18, 2015 · 21 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. EnerCom The Oil and Gas Conference 2015 – Blueknight Energy Partners, L.P. – slide 1
    EnerCom Oil & Gas Conference August 17 18, 2015 The Smart Move in Energy Private and Confidential EnerCom Oil & Gas ConferenceAugust 2015 (NASDAQ: BKEP & BKEPP)
  2. EnerCom The Oil and Gas Conference 2015 – Blueknight Energy Partners, L.P. – slide 2
    Partnership Overview Blueknight Energy Partners, L.P. (BKEP) is a publicly traded master limited partnership Headquartered in Oklahoma City, Oklahoma; established in 2007 General Partner owned equally by Vitol and Charlesbank…
  3. EnerCom The Oil and Gas Conference 2015 – Blueknight Energy Partners, L.P. – slide 3
    Common and Preferred Units Common Units Preferred Units Market NASDAQ NASDAQ Symbol BKEP BKEPP Outstanding 32,945,556 30,158,619 Yield at 8/5/15 8.2% 8.9% Distribution Twelfth consecutive quarterly distribution 0.715/unit annual…
  4. EnerCom The Oil and Gas Conference 2015 – Blueknight Energy Partners, L.P. – slide 4
    Sponsorship Overview Worlds largest independent oil trading Private equity firm with over 2 billion of company capital under management Moves equivalent of over 5 million Long history of making middle-market barrels/day of…
  5. EnerCom The Oil and Gas Conference 2015 – Blueknight Energy Partners, L.P. – slide 5
    Ownership Charlesbank Capital Partners Vitol Holding B.V. CB-Blueknight, LLC Blueknight Energy Holding, Inc. 50.0% 50.0% Ownership Ownership Interest Interest Blueknight GP Holding, LLC (DE) 14.3% Limited 14.3% Limited…
  6. EnerCom The Oil and Gas Conference 2015 – Blueknight Energy Partners, L.P. – slide 6
    Diversified Operations Asphalt Terminal Crude Oil Terminalling and Network (58.2%) Storage (24.5%) 7.3 million barrels of 6.6 million barrels of asphalt and residual Cushing, OK storage fuel oil storage 0.4 million barrels of 43…
  7. EnerCom The Oil and Gas Conference 2015 – Blueknight Energy Partners, L.P. – slide 7
    Partnership Objectives and Strategy Partnership Objectives Business Strategy Deliver unit-holder value through unit Grow crude transportation business price appreciation and increasing in shale production areas quarterly…
  8. EnerCom The Oil and Gas Conference 2015 – Blueknight Energy Partners, L.P. – slide 8
    Asphalt Services Largest independently owned asphalt terminal network 7.3 million barrels of asphalt and residual fuel oil storage capacity in 43 terminals across 22 states Generate revenues by charging fees for the lease of…
  9. EnerCom The Oil and Gas Conference 2015 – Blueknight Energy Partners, L.P. – slide 9
    Cheyenne, WY Asphalt Terminal Acquisition Colas USA Mountain States Asphalt Plant Cheyenne, WY Plant constructed in 2003 220,000 barrels of storage 10 acres of property, plus Rail Yard Produces PMAC, Emulsions, AC Easily…
  10. EnerCom The Oil and Gas Conference 2015 – Blueknight Energy Partners, L.P. – slide 10
    Crude Oil Terminalling & Storage Services Customer Value Creation Provides our customers the ability to effectively manage their crude oil inventories and add significant flexibility in their marketing and operating activities…
  11. EnerCom The Oil and Gas Conference 2015 – Blueknight Energy Partners, L.P. – slide 11
    Crude Oil Pipeline Services: Oklahoma Systems Mid-Continent Mainline System 500-mile gathering and transportation network that gathers wellhead crude oil at a capacity of 20,000 bpd Transports the crude oil to our Cushing terminal,…
  12. EnerCom The Oil and Gas Conference 2015 – Blueknight Energy Partners, L.P. – slide 12
    Crude Oil Pipeline Services: West Texas BKEP has 30% ownership and operates the 16 Pecos River Pipeline under a long-term service agreement with Advantage Pipeline, L.L.C. Provides crude transportation from west Texas to the…
  13. EnerCom The Oil and Gas Conference 2015 – Blueknight Energy Partners, L.P. – slide 13
    Crude Oil Trucking & Producer Field Services Crude Trucking Crude oil trucking operations extend our ability to gather and aggregate crude oil on our systems and deliver product for third parties to their facilities Approximately…
  14. EnerCom The Oil and Gas Conference 2015 – Blueknight Energy Partners, L.P. – slide 14
    Knight Warrior Pipeline New construction, 160 mile, 16 pipeline with an initial capacity of 100,000bpd (expandable up to 200,000bpd) and terminal system to meet infrastructure needs of producers and marketers in the developing East…
  15. EnerCom The Oil and Gas Conference 2015 – Blueknight Energy Partners, L.P. – slide 15
    Operations 24.5% 13.1% Leading Midstream Company With Four Diversified Operating Segments Crude Oil Terminalling & Storage Services Crude Oil Pipeline Services 4.2% 58.2% BKEPs Diversified Portfolio Provides Resilience in…
  16. EnerCom The Oil and Gas Conference 2015 – Blueknight Energy Partners, L.P. – slide 16
    Adjusted EBITDA and Distributable Cash Flow 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 - 2013 2014 YTD 6/30/14 YTD 6/30/15 Adjusted EBITDA Distributable Cash Flow s in thousands Private and…
  17. EnerCom The Oil and Gas Conference 2015 – Blueknight Energy Partners, L.P. – slide 17
    Fee-based Business Model Segment Fixed-Fee Variable-based Fee Crude oil terminalling and storage 90.5% 9.5% Asphalt services 94.3% 5.7% Crude oil pipeline services 26.5% 73.5% Crude oil trucking and producer field services…
  18. EnerCom The Oil and Gas Conference 2015 – Blueknight Energy Partners, L.P. – slide 18
    Key Investment Highlights Cushing Interchange: Resident player at core location for crude oil distribution and marketing Attractive Core Base Asphalt Facilities: Geographic diversification in key domestic markets with multiple potential…
  19. EnerCom The Oil and Gas Conference 2015 – Blueknight Energy Partners, L.P. – slide 19
    Appendix Private and Confidential EnerCom Oil & Gas ConferenceAugust 2015 (NASDAQ: BKEP & BKEPP)
  20. EnerCom The Oil and Gas Conference 2015 – Blueknight Energy Partners, L.P. – slide 20
    Selected Historical Financial Data Tw elve Months Ended Six months ended (s in thousands) December 31, June 30, 2013 2014 2014 2015 Selected Consolidated Statement of Operations Data Service revenue: Crude Oil Terminalling and…
  21. EnerCom The Oil and Gas Conference 2015 – Blueknight Energy Partners, L.P. – slide 21
    Reconciliation of Adjusted EBITDA and Distributable Cash Flow to Net Income The following table presents a reconciliation of adjusted EBITDA to net income for the periods shown: Twelve Months Ended Six months Ended (s in thousands)…

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