SHELL MIDSTREAM PARTNERS, L.P. (SHLX) WELLS FARGO SECURITIES ENERGY SYMPOSIUM December 8-9, 2015 Shell Midstream Partners
SUMMARY Shell Midstream Partners Strong results despite commodity price and market volatility Commitment to top tier distribution growth Track record of delivery one year following IPO 3 dropdowns totaling 1.2 billion 26.2%…
CURRENT PERFORMANCE Shell Midstream Partners Poseidon Pipeline reflected in results as of July 1, 2015 Offshore volumes increasing as growth continues Products system volume up from high refinery utilization Several…
DRAFT 11/5/2015 THIRD DROPDOWN SINCE IPO Shell Midstream Partners Lockport Terminal Auger Pipeline System Located southwest of Chicago with 16 tanks and Auger is part of the Bonito Sour crude oil corridor, operated 2 MBbls of…
FINANCIAL RESULTS FROM OPERATIONS Shell Midstream Partners Three Months Ended ( million) September 30, 2015 June 30, 2015 Revenue (Zydeco only) 72.4 57.6 Cost and Expenses (Zydeco & MLP G&A) 23.5 26.0 Operating Income 48.9 31.6…
NON-GAAP FINANCIAL MEASURES Shell Midstream Partners Three Months Ended ( million) September 30, 2015 June 30, 2015 Adjusted EBITDA Attributable to SHLX 57.1 37.0 Less: Net Interest Paid 1.7 0.3 Zydeco Maintenance Capital…
BALANCE SHEET Shell Midstream Partners ( million) As of September 30, 2015 As of June 30, 2015 Cash and Cash Equivalents 118 113 Total Debt 421 71 Revolving Credit Facility Capacity 500 400 Revolving Credit Facility as of…
3.0 - 3.5 BILLION OF NORTH AMERICAN Shell Midstream Partners INFRASTRUCTURE EBITDA AT SPONSOR Existing Assets Within Existing Assets Outside of Projects FID & Future Shell Pipeline Shell Pipeline Opportunity 850 million 1.5 - 1.8…
APPENDIX 2 - ZYDECO PIPELINE Shell Midstream Partners Copyright of Shell Midstream Partners, L.P. Date, Year 12
APPENDIX 3 - MARS PIPELINE Shell Midstream Partners Copyright of Shell Midstream Partners, L.P. Date, Year 13
APPENDIX 4 - POSEIDON PIPELINE Shell Midstream Partners Copyright of Shell Midstream Partners, L.P. Date, Year 14
APPENDIX 5 - BENGAL PIPELINE Shell Midstream Partners Copyright of Shell Midstream Partners, L.P. Date, Year 15
APPENDIX 6 COLONIAL PIPELINE Shell Midstream Partners Copyright of Shell Midstream Partners, L.P. Date, Year 16