Recent Developments Key Achievement Highlights Grand Mesa Pipeline Update: Increased EBITDA Guidance on Grand Mesa to a range of 160-175 million Announced a new third party gathering system will be connecting into Grand Mesa…
Diversified Business with Material Balance Across Segments Business Description NGL Refined Water Crude Retail Liquids Products / Solutions Logistics Propane Renewables Exposure to: Midstream/Upstream Midstream Midstream…
Full Service Business Model Driving Growth 1. NGL is a diversified midstream MLP that provides multiple services to producers and end-users Transportation, storage, blending and marketing of crude oil and natural gas liquids for…
Full Service Business Model Driving Growth 3. Natural Hedges between segments minimizes commodity price risk Water disposal vs. Crude storage Midstream/Upstream vs. Downstream/Retail 4. Approximately 50% fee based business, on target…
NGL Has a Proven Track Record of Successful Growth Since NGL's IPO in May 2011, NGL has consumated and integrated more than 40 acquisitions Distribution growth of 6% - 8% in calendar 2015 and 2016 Distribution Per Unit ()…
Financial stability while Executing Growth Equity Issuances 300 million public offering (July-13) 135 million public offering (Sept-13) 240 million private placement (Nov-13) 400 million public offering (June-14) 170 million…
Diversified Across Multiple Businesses and Producing Basins NGLs operations are geographically and operationally diversified Significant presence in the most economic oil and natural gas shale plays in the country Coast-to-coast…
Section RefinedII Products / Renewables - Area of Operations Mid Continent Terminals 13
Section II Operating Segments 14
Crude Logistics Segment Operations Area of Operation Purchases and transports crude oil for resale to a pipeline injection Bakken point, storage terminal, barge Shale loading facility, rail facility, refinery or trade hub…
Crude Logistics Asset Overview 100% interest in Grand Mesa Pipeline; 220MMBPD capacity 50% interest in Glass Mountain Pipeline; 147MMBPD capacity Pipelines Ship on 21 common carrier pipelines Utilize historical shipper space on 11…
NGL Cushing Storage and Connectivity Glass Mountain Pipeline The Cushing Terminal has superior Grand Mesa Pipeline connectivity to supply and sales markets Cushing Inter-terminal Pipes NGL Property Boundary Enterprise (NYMEX…
Grand Mesa Pipeline Project scope: 558 mile long pipeline capable of handling unique crude grades in batches Construction costs fixed at 655 million over the course of the project plus 15 million for storage at Cushing Annual EBITDA,…
Glass Mountain Pipeline Asset scope: The pipeline consists of two, 12 laterals and an 18 mainline totaling 211 miles 3 main pump station sites at Arnett, Alva and Ruby Cleo Springs 50% interest in Glass Mountain Cleo Station…
Water Solutions Overview Segment Operations Area of Operation Provides services for the treatment, processing, and Bakken Shale disposal of wastewater, and solids generated from oil and natural gas production Revenue streams from…
Water Treatment and Processing Operational Model Treatment and Disposal Company-owned disposal facilities provide producers affordable well-disposal of wastewater generated from oil and natural gas production and drilling activities…
Water Solutions Facility locations Daily Disposal Capacities Bakken 40 MBPD DJ 140 MBPD Granite Wash 52 MBPD Permian 440 MBPD Eagle Ford 390 MBPD Daily Recycle Capacities Pinedale 60 MBPD DJ 20 MBPD 22
Liquids Overview Area of Operation 23
Liquids Terminals and Wholesale Supply & Marketing Segment Railcar Segment 21 terminals serving over 400 customers Transports and markets NGLs to and from refiners, 17 terminals with rail loading capability gas processors, propane…
Sawtooth NGL Caverns Currently developing the largest underground liquids storage facility in the Western U.S. Rail and truck loading and unloading Storage capacity leased to customers on multiyear basis Sawtooth will hold more…
Refined Products Rack/Just-in-time Refined fuels markets and sales volume 27
Refined Products Refined Product Rack/Just-in-time Refined Product - Contracted Market refined products at the rack to wholesale Market refined products at the rack to contracted resellers and end users in the spot market…
Collins Complex Pipeline Connections Receipt, storage and injection to/from Colonial and Plantation Pipelines Storage Facilities 3.9 mm bbls working capacity Commodities Handled Petroleum Products Gasoline Distillates…
Bostco Terminal Bostco is a newly constructed black oil terminal in the Houston Ship Channel with approximately 7.1 million barrels of capacity TLP owns 42.5% of Bostco and Kinder Morgan owns 55% Permitted for four deepwater…
Brownsville Terminal Pipeline Connections Valley Pipeline, MB Pipeline, Diamondback Pipeline Marine Facilities Five Oil Docks (Port of Brownsville) Storage Facilities 2.1 mm bbls working capacity Rail Facilities 300 total…
Retail Propane Overview Segment Operations Area of Operation Sell propane and petroleum distillates to end-users consisting of residential, agricultural, commercial and industrial customers Geographic diversity mitigates weather…
Retail Propane What Sets Us Apart Operational focus on regions with the highest number of degree days North East, Upper Midwest and Pacific NW Geographic Focus In warmer weather, gross margins temporarily expand to recoup a portion of…
Visibility to 1 billion EBITDA and two-thirds fee based by 2018 Projected Segment Contribution EBITDA (in MM's) 2018 NGL Fiscal 2016 Guidance 500 Current Internal Growth Projects: Grand Mesa Pipeline, Sawtooth 180 Other 70 Future…
Key Takeaways Disciplined credit profile and sufficient liquidity to run business and execute growth objectives Five business segments provide multiple growth platforms Accretive growth through strategic acquisitions and organic…