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Citi MLP Conference – NGL Energy Partners Lp

NGL Energy Partners Lp · Aug 4, 2015 · 34 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. Citi MLP Conference – NGL Energy Partners Lp – slide 1
    Citi MLP Conference August 2015
  2. Citi MLP Conference – NGL Energy Partners Lp – slide 2
    Section II Overview of NGL Energy Partners 3
  3. Citi MLP Conference – NGL Energy Partners Lp – slide 3
    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…
  4. Citi MLP Conference – NGL Energy Partners Lp – slide 4
    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…
  5. Citi MLP Conference – NGL Energy Partners Lp – slide 5
    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…
  6. Citi MLP Conference – NGL Energy Partners Lp – slide 6
    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…
  7. Citi MLP Conference – NGL Energy Partners Lp – slide 7
    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 ()…
  8. Citi MLP Conference – NGL Energy Partners Lp – slide 8
    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…
  9. Citi MLP Conference – NGL Energy Partners Lp – slide 9
    NGL Value Proposition 11.0% OKS NGL 10.0% 9.0% GLP ETP EEP WPZ SMLP BKEP 8.0% WPT QEPM PAA LQA Yield HEP 7.0% BPL TCP MWE PBFX 6.0% GEL EPD 5.0% SEP 4.0% 3.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% Future…
  10. Citi MLP Conference – NGL Energy Partners Lp – slide 10
    Section II Asset & Geographic Diversification 11
  11. Citi MLP Conference – NGL Energy Partners Lp – slide 11
    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…
  12. Citi MLP Conference – NGL Energy Partners Lp – slide 12
    Section RefinedII Products / Renewables - Area of Operations Mid Continent Terminals 13
  13. Citi MLP Conference – NGL Energy Partners Lp – slide 13
    Section II Operating Segments 14
  14. Citi MLP Conference – NGL Energy Partners Lp – slide 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…
  15. Citi MLP Conference – NGL Energy Partners Lp – slide 15
    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…
  16. Citi MLP Conference – NGL Energy Partners Lp – slide 16
    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…
  17. Citi MLP Conference – NGL Energy Partners Lp – slide 17
    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,…
  18. Citi MLP Conference – NGL Energy Partners Lp – slide 18
    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…
  19. Citi MLP Conference – NGL Energy Partners Lp – slide 19
    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…
  20. Citi MLP Conference – NGL Energy Partners Lp – slide 20
    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…
  21. Citi MLP Conference – NGL Energy Partners Lp – slide 21
    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
  22. Citi MLP Conference – NGL Energy Partners Lp – slide 22
    Liquids Overview Area of Operation 23
  23. Citi MLP Conference – NGL Energy Partners Lp – slide 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…
  24. Citi MLP Conference – NGL Energy Partners Lp – slide 24
    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…
  25. Citi MLP Conference – NGL Energy Partners Lp – slide 25
    Section RefinedII Products - Contracted Mid Continent Terminals 26
  26. Citi MLP Conference – NGL Energy Partners Lp – slide 26
    Refined Products Rack/Just-in-time Refined fuels markets and sales volume 27
  27. Citi MLP Conference – NGL Energy Partners Lp – slide 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…
  28. Citi MLP Conference – NGL Energy Partners Lp – slide 28
    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…
  29. Citi MLP Conference – NGL Energy Partners Lp – slide 29
    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…
  30. Citi MLP Conference – NGL Energy Partners Lp – slide 30
    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…
  31. Citi MLP Conference – NGL Energy Partners Lp – slide 31
    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…
  32. Citi MLP Conference – NGL Energy Partners Lp – slide 32
    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…
  33. Citi MLP Conference – NGL Energy Partners Lp – slide 33
    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…
  34. Citi MLP Conference – NGL Energy Partners Lp – slide 34
    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…

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