UBS MLP One-On-One Conference 2016 Park City, Utah January 12-13, 2016
ORGANIZATIONAL OVERVIEW AND HIGHLIGHTS Buckeye owns and operates a diversified network of integrated assets providing midstream logistic solutions as well as stable and sustainable cash distribution to our unitholders THREE BUSINESS…
RECENT DEVELOPMENTS QUARTERLY HIGHLIGHTS Demonstrated continued success of diversification strategy and quality of Buckeye commercial, technical and operating teams Domestic Pipelines & Terminals oStrong performance across…
STRONG PERFORMANCE In Volatile Markets Buckeye reported 3Q trailing twelve months Strong balance sheet with adequate liquidity to coverage of 1.00x manage capital needs Buckeye benefits from certainty of cash flows Expected 2016…
GEOGRAPHIC DIVERSIFICATION SYSTEM MAP Chicago Complex NY Harbor Caribbean Geographically Diversified Gulf Coast Four Buckeye Hubs 6
TRANSFORMATION SINCE 2010 Acquisitions Drove Significant Geographic New Global Marine Terminals Segment Provides Diversification Significant Diversification in Adjusted EBITDA(1) 847.1 763.6 648.8 559.5 31% 36% 487.9 23% 23%…
DIVERSIFICATION 0%DRIVES STABILITY 3% Diversified portfolio generates stable, fee-based cash flows; 95% of our September 30 YTD Adj. EBITDA was fee-based PRODUCT DIVERSIFICATION 2015(3) FUTURE DIVERSIFICATION 2010 Refined(1)…
BUCKEYE TEXAS PARTNERS ACQUISITION OVERVIEW Unique midstream platform in the Gulf Coast with long-term committed revenues and significant opportunities for further growth Asset Overview (1) Strategic Rationale o Buckeye Texas Hub…
GROWTH CAPITAL PROJECTS Large capital projects drive meaningful incremental contributions to our growth DOMESTIC PIPELINES & TERMINALS GLOBAL MARINE TERMINALS PROJECTS PROJECTS Corpus Christi Pipeline & Terminals Expansion Projects…
BUCKEYE PARTNERS SUMMARY Diverse portfolio of assets built through acquisitions and internal investment that deliver stable financial results despite declining price environment oPredominantly fee-based cash flows from our…
N NON-GAAP RECONCILIATIONS
NON-GAAP FINANCIAL MEASURES Adjusted EBITDA and distributable cash flow are measures not defined by GAAP. Adjusted EBITDA is the primary measure used by our senior management, including our Chief Executive Officer, to (i) evaluate our…
NON-GAAP RECONCILIATIONS In millions, except coverage ratio 2011 2012 2013 2014 LTM(3) Adjusted EBITDA from continuing operations (1)(2) : Pipelines & Terminals 361.0 409.5 471.1 511.4 503.2 Global Marine Terminals 113.0 128.6…