Skip to main content Citi MLP and Midstream Infrastructure Conference – Magellan Midstream Partners Lp Investor Presentation | Shale Experts
Loading...
Pm

Citi MLP and Midstream Infrastructure Conference – Magellan Midstream Partners Lp

Magellan Midstream Partners Lp · Aug 10, 2015 · 15 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. Citi MLP and Midstream Infrastructure Conference – Magellan Midstream Partners Lp – slide 1
    WellsCiti Fargo 2014MLP / Midstream Energy Symposium Infrastructure New YorkConference City Dec. 2014 Las Vegas Aug. 2015 1
  2. Citi MLP and Midstream Infrastructure Conference – Magellan Midstream Partners Lp – slide 2
    Structure = Competitive Advantage Investment grade MLP with no incentive distribution rights Provides MMP a competitive advantage with one of the lowest costs of capital in the MLP space Public 100% LP Magellan Midstream…
  3. Citi MLP and Midstream Infrastructure Conference – Magellan Midstream Partners Lp – slide 3
    Refined Products Longest refined products pipeline system, primarily transporting gasoline and diesel fuel, with 9,500 miles, 52 terminals and 42mm barrels of storage Profit driven by throughput volume and tariffs Tariff increase…
  4. Citi MLP and Midstream Infrastructure Conference – Magellan Midstream Partners Lp – slide 4
    Marine Storage 5 storage facilities with 26mm barrels of aggregate storage, supported by long-term agreements Profit driven by amount of storage leased Strong demand due to market structure, pricing volatility and connectivity…
  5. Citi MLP and Midstream Infrastructure Conference – Magellan Midstream Partners Lp – slide 5
    Crude Oil 1,600 miles of crude oil pipelines, substantially backed by long-term throughput commitments 21mm barrels of total crude oil storage, including 13mm barrels used for leased storage One of the largest storage providers in…
  6. Citi MLP and Midstream Infrastructure Conference – Magellan Midstream Partners Lp – slide 6
    Primarily Fee-Based Business Expect Future Fee-Based, Low Risk Activities to Comprise 85% or More of Operating Margin ytd 2Q15 Results* Leased storage Fee-based ancillary 16% services 8% Terminal delivery fees Transportation…
  7. Citi MLP and Midstream Infrastructure Conference – Magellan Midstream Partners Lp – slide 7
    Growth in Expansion Capital Spending Over the last 10 years, Magellan has invested 3.8 billion in organic growth projects and acquisitions Expect to spend 1.4 billion in 2015 - 2016 to finish construction projects currently…
  8. Citi MLP and Midstream Infrastructure Conference – Magellan Midstream Partners Lp – slide 8
    BridgeTex Pipeline 50/50 joint venture with Plains that began operation late Sept 14 300k bpd capacity; expect to average approx. 200k bpd in 2015 80% of pipeline capacity committed under long-term, take-or-pay agreements 775mm for…
  9. Citi MLP and Midstream Infrastructure Conference – Magellan Midstream Partners Lp – slide 9
    Houston Crude Oil Connectivity Magellans Houston distribution network is the most comprehensive system to deliver crude oil to the Houston Gulf Coast area Access to all domestic inbound crude production Delivery capabilities to…
  10. Citi MLP and Midstream Infrastructure Conference – Magellan Midstream Partners Lp – slide 10
    Corpus Christi Condensate Splitter Magellan is constructing a 50k bpd condensate splitter at our Corpus Christi terminal Fee-based project, fully committed with long-term, take-or-pay agreement with Trafigura 250mm spending: 65% of…
  11. Citi MLP and Midstream Infrastructure Conference – Magellan Midstream Partners Lp – slide 11
    Saddlehorn Pipeline Joint venture to deliver various grades of crude oil from DJ Basin and potentially broader Rocky Mtn region to storage facilities in Cushing, OK owned by MMP and Plains 600-mile pipeline with initial capacity…
  12. Citi MLP and Midstream Infrastructure Conference – Magellan Midstream Partners Lp – slide 12
    Little Rock Pipeline Midcontinent refiners do not currently have access to Little Rock via pipeline Our pipeline system extends to Ft. Smith, AR at this point Magellan plans to deliver refined products to the Little Rock market from…
  13. Citi MLP and Midstream Infrastructure Conference – Magellan Midstream Partners Lp – slide 13
    Distribution Growth Trend Proven history of distribution growth with 53 quarterly increases to date Targeting 15% annual distribution growth for 2015 and at least 10% for 2016 (per MMP unit) 3.01 2.62 0.56 2001 2002…
  14. Citi MLP and Midstream Infrastructure Conference – Magellan Midstream Partners Lp – slide 14
    Conservative Financial Profile Committed to maintaining solid investment grade rating Currently, one of the highest-rated MLPs at BBB+ / Baa1 Targeting distribution coverage of at least 1.1x on long-term basis DCF guidance of…
  15. Citi MLP and Midstream Infrastructure Conference – Magellan Midstream Partners Lp – slide 15
    Magellan Summary Proven history of exceptional returns and distribution growth Straight-forward, low risk, stable business model Forecasted strong distributable cash flow generation with solid distribution coverage Conservative,…

From the store

Browse maps, data & reports in the Shale Experts store