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Sunoco LP Drop down – Energy Transfer

Energy Transfer · Nov 16, 2015 · 10 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. Sunoco LP Drop down – Energy Transfer – slide 1
    ENERGY TRANSFER PARTNERS, L.P. AND SUNOCO LP RETAIL DROP DOWN November 16, 2015
  2. Sunoco LP Drop down – Energy Transfer – slide 2
    DROPDOWN OF REMAINING WHOLESALE FUEL AND RETAIL ASSETS COMPLETES SUNS TRANSFORMATION This transaction completes the transformative dropdown strategy by Energy Transfer Partners, L.P. (ETP): ETPs Acquisition of Susser Holdings Corp.…
  3. Sunoco LP Drop down – Energy Transfer – slide 3
    DROPDOWN OF REMAINING WHOLESALE FUEL AND RETAIL ASSETS COMPLETES SUNS TRANSFORMATION SUN continues its integration process and expects to execute this last dropdown seamlessly ETP completed the GP / IDR exchange with ETE in July SUN…
  4. Sunoco LP Drop down – Energy Transfer – slide 4
    OVERVIEW OF THE DROPDOWN TRANSACTION The transaction contemplates a total purchase price of 2,226 Sources (mm) million for a 68.42% interest in Sunoco, LLC (wholesale Term Loan A 2,035 business) and 100% interest in Sunoco R&M…
  5. Sunoco LP Drop down – Energy Transfer – slide 5
    SENIOR SECURED TERM LOAN CREDIT FACILITY Summary Terms 2,035 million Senior Secured Borrower Sunoco LP (NYSE: SUN) Term Loan Credit Facility Facility Size 2,035 million provides certainty of capital at Use of Proceeds To fund a…
  6. Sunoco LP Drop down – Energy Transfer – slide 6
    TRANSACTION COMPLETES SUNS TRANSFORMATION August 29, 2014: ETP acquired Susser Holdings (Susser), announced plan to drop Susser and Sunoco Inc. businesses into SUN September 25, 2014: SUN closed a new 5-year, 1.25 billion Credit…
  7. Sunoco LP Drop down – Energy Transfer – slide 7
    SUMMARY SUNOCO LP STRATEGY Stability Visible Growth Significant amount of long-term fuel Ability to pursue combined retail / supply agreements wholesale asset acquisitions in highly attractive markets Historical stability of fuel…
  8. Sunoco LP Drop down – Energy Transfer – slide 8
    THE COMBINED PLATFORM IS ONE OF THE LEADING RETAIL PLATFORMS Enterprise Value (mm) LTM Price Performance 25,517 34.3% 7,320 17.4% 5,199 5,127 3,052 (8.2%) (15.4%) (27.5%) (1) PF SUN Couche- CST Casey's Murphy Casey's…
  9. Sunoco LP Drop down – Energy Transfer – slide 9
    SUN PRO FORMA WHOLESALE AND RETAIL MARGINS ARE RESILIENT THROUGH COMMODITY CYCLES Cents/gal /bbl 30 150 25 130 20 110 15 90 10 70 5 50 0 30 2006 2007 2008 2009 2010 2011 2012 2013 2014 YTD 2015 WTI (/bbl)…
  10. Sunoco LP Drop down – Energy Transfer – slide 10
    FULLY CONSOLIDATED SUN PRESENTS COMPELLING ARRAY OF INVESTMENT HIGHLIGHTS SUN owns and represents some of the most iconic brands in the motor fuels industry Leading Position in an Attractive Industry wide non-fuel retail sales are…

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