Skip to main content UBS MLP One on One Conference – Nustar Energy L.P. Investor Presentation | Shale Experts
Loading...
Pm

UBS MLP One on One Conference – Nustar Energy L.P.

Nustar Energy L.P. · Jan 12, 2016 · 30 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. UBS MLP One on One Conference – Nustar Energy L.P. – slide 1
    UBS MLP One-on-One Conference January 12 & 13, 2016
  2. UBS MLP One on One Conference – Nustar Energy L.P. – slide 2
    NuStar Overview
  3. UBS MLP One on One Conference – Nustar Energy L.P. – slide 3
    Two Publicly Traded Companies Public Unitholders William E. Greehey 34.3 million NSH Units 8.6 million NSH Units 79.9% Membership Interest 20.1% Membership Interest 2% G.P. Interest in NS IPO Date: 4/16/2001 13.0% L.P. Interest…
  4. UBS MLP One on One Conference – Nustar Energy L.P. – slide 4
    Large and Diverse Geographic Footprint with Assets in Key Locations Pt. Tupper, Nova Scotia 7.7MM bbls Linden, NJ 4.3MM bbls St. James, LA 9.2MM bbls Corpus Christi, TX 3.8MM bbls Destination for South Texas Crude Oil…
  5. UBS MLP One on One Conference – Nustar Energy L.P. – slide 5
    Majority of Segment EBITDA Generated by Fee-Based Pipeline and Storage Segments Percentage of 2015 Segment EBITDA (for the nine months ended 9/30/15) Pipeline: 50% Refined Product Pipelines 50% Crude Oil Pipelines Ammonia…
  6. UBS MLP One on One Conference – Nustar Energy L.P. – slide 6
    Achieved 2015 Goals - Strong 3rd Quarter Results and Strategic Capital Spending Program Position NuStar for Continued Distribution Coverage in 2015 & 2016 Acquired remaining 50% interest in our 4.3 million barrel Linden terminal in…
  7. UBS MLP One on One Conference – Nustar Energy L.P. – slide 7
    Building on Our Strengths - Stable, Diversified Business Foundation for Future Growth Contracted fee-based storage and pipeline assets provide stable cash flows, delivering approximately 98% of 2015 segment EBITDA Storage terminals…
  8. UBS MLP One on One Conference – Nustar Energy L.P. – slide 8
    Executing on Growth Closed on an Acquisition in First Quarter 2015 In early January, we purchased the remaining 50% interest in our Linden terminal for 142.5 million Sole ownership of the terminal strengthens our presence in the New…
  9. UBS MLP One on One Conference – Nustar Energy L.P. – slide 9
    Pipeline Segment
  10. UBS MLP One on One Conference – Nustar Energy L.P. – slide 10
    Eagle Ford Shale Region has Driven Growth in Pipeline Segment EBITDA Pipeline Segment EBITDA1 Pipeline Receipts by Commodity ( in millions) LTM as of 9/30/15 348 to 348 to 358 358 323 Other 9% 277 Distillate 16% 211 Crude 190…
  11. UBS MLP One on One Conference – Nustar Energy L.P. – slide 11
    South Texas Crude Oil Pipeline Expansion Total Estimated Eagle Ford Spending Pipeline Segment 702 million Total (includes Storage Segment) 870 million We expect these projects to earn EBITDA multiples in the range of 4x 8x…
  12. UBS MLP One on One Conference – Nustar Energy L.P. – slide 12
    Throughputs in NuStars South Texas Crude Oil Pipeline System 300 290 270 272 263 255 248 239 218 190 193 200 179 179 173 175 168 168 159 149 120 112 100 4Q 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 1Q 2015 2Q 2015 3Q 2015…
  13. UBS MLP One on One Conference – Nustar Energy L.P. – slide 13
    Our Corpus Christi Docks are Key to our South Texas Crude Oil Pipeline System Growth Dock 16 more than doubled our loading capacity Allows us to handle all new volume associated with Phase 1 and Phase 2 of the South Texas Crude Oil…
  14. UBS MLP One on One Conference – Nustar Energy L.P. – slide 14
    NuStars South Texas Pipeline Presence Pawnee to Oakville PL 12 Second Phase of Expansion 12 Choke Canyon PL 12 Pettus South 10 Laredo PL 8 Houston 12 Corpus-Odem-3R 8 Oakville to Corpus 16 Valley PL…
  15. UBS MLP One on One Conference – Nustar Energy L.P. – slide 15
    Working with PMI to Develop Project to Transport LPGs and Refined Products from the U.S. Into Northern Mexico Laredo PL 8 Houston 12 Valley PL 6/8/10 16
  16. UBS MLP One on One Conference – Nustar Energy L.P. – slide 16
    NuStar Expanding Mid-Continent Pipeline and Terminal Network Completed four of the six projects under development with a key customer to increase distillate and propane supply throughout the Upper Midwest for an investment of…
  17. UBS MLP One on One Conference – Nustar Energy L.P. – slide 17
    Storage Segment
  18. UBS MLP One on One Conference – Nustar Energy L.P. – slide 18
    Storage Segment EBITDA Benefiting from Linden Terminal Acquisition Adjusted Storage Segment EBITDA1 Storage Lease Renewals ( in millions) (% as of 10/19/2015) 327 to 337 292 to 58% 322 287 287 279 277 256 242 208 30%…
  19. UBS MLP One on One Conference – Nustar Energy L.P. – slide 19
    Fuels Marketing Segment
  20. UBS MLP One on One Conference – Nustar Energy L.P. – slide 20
    Fuels Marketing Segment Benefits Base Business Segment is composed of: Refined Products Marketing Bunkering Crude & Fuel Oil Trading Fuels Marketing Segment currently pays Storage Segment approximately 26 million in annual storage…
  21. UBS MLP One on One Conference – Nustar Energy L.P. – slide 21
    Strategic Growth Update
  22. UBS MLP One on One Conference – Nustar Energy L.P. – slide 22
    Pursuing Pipeline and Storage Opportunities Currently Evaluating: Crude oil and refined product pipeline opportunities in various shale plays Expansion of our Ammonia pipeline system Export opportunities Additional storage…
  23. UBS MLP One on One Conference – Nustar Energy L.P. – slide 23
    Financial Overview
  24. UBS MLP One on One Conference – Nustar Energy L.P. – slide 24
    Capital Structure (as of September 30, 2015, Dollars in Millions) 1.5 billion Credit Facility 908 NuStar Logistics Notes (4.75%) 250 NuStar Logistics Notes (4.80%) 450 NuStar Logistics Notes (6.75%) 300 NuStar Logistics Notes…
  25. UBS MLP One on One Conference – Nustar Energy L.P. – slide 25
    Long-term Debt Maturity Profile (as of September 30, 2015, Dollars in Millions) 1,000 Receivables Financing Callable in 2018, but final maturity in 2043 810 Sub Notes 57 750 GO Zone Financing Senior Unsecured Notes 403…
  26. UBS MLP One on One Conference – Nustar Energy L.P. – slide 26
    Expect 435 to 445 Million of Strategic Spending in 2015 and 360 to 380 in 2016 (Dollars in Millions) 800 690 700 600 435 316 500 to 445 400 395 143 101 300 262 43 360 200 292 374 to 294 302 328 to 380 100 219 302…
  27. UBS MLP One on One Conference – Nustar Energy L.P. – slide 27
    The Fundamentals of our Business Remain Strong Fee-based pipeline and storage operations Supported by contracts from creditworthy customers World-class assets in strategic locations that allow us to take advantage of: Continued…
  28. UBS MLP One on One Conference – Nustar Energy L.P. – slide 28
    Appendix
  29. UBS MLP One on One Conference – Nustar Energy L.P. – slide 29
    Reconciliation of Non-GAAP Financial Information NuStar Energy L.P. utilizes financial measures such as earnings before interest, taxes, depreciation and amortization (EBITDA), distributable cash flow (DCF), adjusted net income and…
  30. UBS MLP One on One Conference – Nustar Energy L.P. – slide 30
    Reconciliation of Non-GAAP Financial Information NuStar Energy L.P. utilizes financial measures such as earnings before interest, taxes, depreciation and amortization (EBITDA), distributable cash flow (DCF), adjusted net income and…

From the store

Browse maps, data & reports in the Shale Experts store