Third Quarter 2014 Earnings Conference Call and Webcast October 30, 2014 1
Highlights Reported adjusted EBITDA of 40.2 million Generated distributable cash flow of 33.4 million Increased distribution to 0.3575 per common unit, 4.4 percent over second quarter 2014 Announced plans to substantially accelerate…
Substantial Acceleration of MPLX Growth Grow MPLX to 450 MM of run- rate EBITDA (December 2015 Adjusted EBITDA attributable to MPLX annualized), from current 160 500 450 MM run-rate (3Q 2014 annualized) 400 Accelerate MPLXs annual…
Net Income 3Q 2014 vs. 3Q 2013 Variance Analysis 70 60 7.1 1.9 11.1 50 (5.9) (7.5) 43.1 40 39.2 (2.3) (0.5) MM 30 29.1 (14.0) 20 10 0 3Q 2013 Volume Tariffs Volumes Other Cost of G&A Other 3Q 2014 MPC 3Q 2014 (100%…
Select Balance Sheet and Financial Data As of (MM except ratio data) 9/30/14 Cash and cash equivalents 32.2 Total assets 1,194.3 Long-term debt(a) 265.0 Total equity 833.3 Consolidated total debt to consolidated EBITDA ratio…
Distribution Growth per Unit 1st drop 2nd drop IPO 5/1/2013 3/1/2014 10/31/2012 100 MM 310 MM 0.36 0.34 0.32 0.30 /Unit 0.28 0.3575 0.3425 0.26 0.3275 0.3125 0.2975 0.24 0.2625* 0.2850 0.2725 (MQD) 0.22 0.20…
Appendix 10
Adjusted EBITDA and Distributable Cash Flow Reconciliation from Net Income (MM) 4Q 2012* 1Q 2013 2Q 2013 3Q 2013 4Q 2013 1Q 2014 2Q 2014 3Q 2014 Net income 26.3 35.3 34.8 39.2 36.8 55.7 42.9 43.1 Less: Net income attributable to…
Adjusted EBITDA Reconciliation from Net Income 3Q 2014 Dec. 2015 (MM) 2013 Annualized Annualized Net income 146 172 304 Less: Net income attributable to MPC- 68 56 - retained interest Net income attributable to MPLX LP 78 116…
MPCs Currently Identified Eligible MLP EBITDA Sources of 1.7 B Retained by MPC 5,400 miles of additional crude and products pipelines Pipelines Owns, leases or has an ownership interest in these pipelines 31% of MPLX Pipe Line…
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