2014 LEVERAGED FINANCE CONFERENCE – Calumet Specialty Products Partners Lp

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Slides

BAML 2014 Leveraged Finance Conference December 2, 2014
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Our Geographic Footprint 5
How We Deliver Value to Our Investors 6
Acquisitions Further Our Rig to Retail Strategy 7
Organic Growth Projects Remain On Track 8
Recent Developments 9
3Q14 Performance Summary 10
3Q14 Performance Highlights 11
Full-Year 2013 RFS Exemption at San Antonio and Shreveport Refineries 12
Financial Overview 13
Adjusted EBITDA Bridge 3Q13 vs. 3Q14 14
Gross Profit Per Barrel and Adjusted EBITDA By Operating Segment 15
Access To Liquidity Supports Business Growth 16
Robust Hedging Program Helps Mitigate Market Volatility In Fuel Products Segment 17
Spending on Growth Projects Represents Approximately 80% of 2014 Capital Budget 18
Key Credit Metrics 19
Appendix Supplemental Financial Data 20
EXHIBIT A: Capital Structure Overview Millions 12/31/12 12/31/13 3/31/14 6/30/14 9/30/14 Cash 32.2 121.1 179.6 14.6 7.7 ABL Revolver Borrowings - - - 59.2 124.2 9.375% Senior Notes due 2019 600.0 500.0 - - - 9.625% Senior Notes due…
EXHIBIT B: Reconciliation of Adjusted EBITDA and Distributable Cash Flow Quarter Ended in millions 6/30/13 9/30/13 12/31/13 3/31/14 6/30/14 9/30/14 Sales 1,354 1,506 1,243 1,341 1,435 1,676 Cost of sales 1,253 1,443 1,131 1,216…
Investor Relations Contact Noel Ryan Vice President, Investor & Media Relations Direct 720.583.0099 Email noel.ryanclmt.com 23