Genesis Energy, L.P. Partnership Overview Investment Highlights Master Limited Partnership (NYSE: GEL) Integrated asset portfolio creates opportunity across the crude oil production / refining value chain L.P. market capitalization…
Genesis Business Proposition Integrated asset & services portfolio creates opportunities with producers and refineries Asset / Services Integration CO2 Pipelines Producers Refinery Supply & Logistics Services Supply &…
Genesis Operational Footprint Onshore Pipeline Offshore Pipeline Refinery Services Marine Transportation Supply & Logistics Transportation Transportation 58 million (10%) 305 million (50%) 81 million (13%) 107 million (18%) 56…
Limited Commodity Price Exposure Business Segment General Commodity Exposure Mitigant Tariff-based, fee income (except for PLA volumes) Onshore Pipeline Transportation No Direct Exposure Fixed lease payments from DNR for NEJD CO2…
Existing Businesses
Onshore Pipeline Transportation Stable cash flows through pipeline tariffs combined with future volume growth Refiners are the shipper of approximately 85% of total crude oil moved through our onshore pipelines Onshore Crude Oil…
Offshore Pipeline Transportation Positioned to provide deepwater producers maximum optionality with access to both Texas & Louisiana markets Potential for meaningful volume growth with increased development drilling in dedicated,…
Recent Offshore Acquisition Highlights The 1.5 billion acquisition from Enterprise offers numerous strategic and financial benefits to Genesis, including: Credit enhancing (additional stable, fee-based cash flow) adding significant…
Gulf of Mexico Activity Deepwater rig counts have remained relatively constant Deepwater Rig Contract Expiration by Year(b) despite the recent decrease in oil prices 42 rigs currently active in the deepwater compared to 39 as of 18…
Future Offshore Development POSEIDON AMBERJACK CHOPS AUGER (350 Mbbl/d) 24 (350 Mbbl/d) (500 Mbbl/d) 20 (200 Mbbl/d) EUGENE ISLAND (173 Mbbl/d) SS CHOPS 500 Mbbl/d CHOPS 500 Mbbl/d 332A / 332B ST-301 EC-346 POP 240 Mbbl/d POP…
Resiliency of Gulf of Mexico 3Q 2015 Earnings Release Accelerating Heidelberg 10/29/15 Press Release Completed third appraisal test of Shenandoah Successful appraisal of Anchor Discovery Drilling appraisal well at Yeti 9/28/15…
Refinery Services Refinery sulfur removal and sales of by-products at 10 owned and/or operated facilities; 4 marketing agreements Owned & leased NaHS and NaOH terminals in Gulf Coast, Midwest, Montana, British Columbia, Utah and South…
Refinery Services Process Overview Sour Gas Processing units inside Nat Gas the fence at 10 refineries H2S NaHS Unit Gas Processing Produce NaHS through proprietary Nat Gas process utilizing large amounts of Refiners Caustic Soda…
Supply & Logistics Crude oil services and logistics, refined products services and logistics and rail services 145 trucks / 145 trailers in crude oil trucking fleet. Additional 120 trucks / 180 trailers in refined products fleet 2.9…
Business Objectives and Recent Developments
Business Objectives Identify and Exploit Profit Opportunities Across an Increasingly Integrated Asset Footprint Continue to Optimize Existing Asset Base and Create Synergies Evaluate Internal and 3rd Party Growth Opportunities…
Organic Capital Projects Opportunities focused on leveraging existing Genesis Capital Allocation by Segment footprint and providing an integrated midstream solution to our producer and refinery customers Supply & Logistics (S&L)…
Exxon Mobil Baton Rouge Pipeline/Rail/Terminal Project Integrated Crude Logistics Project Overview Genesis entered into definitive agreements with ExxonMobil (XOM) in which Port Hudson Truck Station One existing 10,000 bbl tank…
Raceland Rail/Terminal Project Raceland is being designed to handle Project Overview the unloading of up to two unit trains per Placid day (140 kbd) with two parallel tracks Port Allen XOM capable of staging 118 cars each Baton…
Powder River Basin Midstream Solution The new Powder River Basin pipeline will be approximately 135 Project Overview miles in length and will include: Ability to receive barrels by in-field gathering systems and truck transportation…
Houston Area Pipeline & Terminal Infrastructure Genesis is currently expanding its Houston area logistics services to include new terminal and pipeline infrastructure Project Overview capable of receiving various Gulf of Mexico…
Financial Summary
Financial Objectives Continue to deliver disciplined, low double-digit growth in distributions Grow our distribution coverage ratio, using excess Available Cash as equity and to pay down senior secured debt Target long-term…
Strong Balance Sheet and Credit Profile ( in 000s) Reported LTM Material Project & Acquisitions Pro Forma LTM 9/30/2015 EBITDA Adjustment 9/30/2015 Senior Secured (a) 964,032 964,032 Senior Unsecured 1,839,933 1,839,933 Pro Forma…
Pro Forma Segment Margin Reconciliation ( in 000s) Pro Forma LTM 9 months Ended September 30, 9/30/2015 2015 2014 2014 2013 Segment Margin Excluding Depreciation and Amortization: Onshore Pipeline Transportation 58,327 43,670 46,574…
Available Cash Before Reserves ( in 000s) LTM 9 months Ended September 30, 9/30/2015 2015 2014 2014 2013 Income from Continuing Operations 421,260 395,094 80,036 106,202 84,004 Depreciation and amortization 122,489 96,500 64,919 90,908…
Pro Forma EBITDA Reconciliation ( in 000s) Pro Forma LTM 9 months Ended September 30, 9/30/2015 2015 2014 2014 2013 Income from Continuing Operations 421,260 395,094 80,036 106,202 84,004 Depreciation and amortization 122,489 96,500…
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