2015 SUMMARY Shell Midstream Partners Strong Underlying Performance and Delivered Growth Adjusted EBITDA Cash Available for Net Income ( million) Distribution ( million) per LP Common Unit 65.5 67.9 0.38 27.3 27.5…
SOLID PERFORMANCE UNDERPINNED BY STABLE VOLUMES Shell Midstream Partners Auger (effective Oct 1) Lockport (effective Oct 1) Poseidon (effective Jul 1) Mars Bengal Zydeco Mainline Q1 2015 Q2 2015 Q3 2015 Q4 2015…
DISTRIBUTION PER UNIT INCREASED 35.4% YEAR OVER YEAR Shell Midstream Partners +7.3% +7.9% 0.2200 +8.6% 0.2050 +7.7% 0.1900 0.1750 0.1625 Q4 14 (1) Q1 15 Q2 15 Q3 15 Q4 15 Coverage Ratio: 1.2x 1.3x 1.3x 1.5x 1.9x (2)…
3.0 - 3.5 BILLION OF NORTH AMERICAN Shell Midstream Partners INFRASTRUCTURE EBITDA AT SPONSOR Existing Assets Within Existing Assets Outside of Projects FID & Future Shell Pipeline Shell Pipeline Opportunity 850 million 1.5 - 1.8…
OPERATIONAL PERFORMANCE Shell Midstream Partners Copyright of Shell Midstream Partners, L.P. Date, Year 7
FINANCIAL RESULTS FROM OPERATIONS Shell Midstream Partners Three Months Ended ( million) December 31, 2015 September 30, 2015 Revenue 84.6 72.4 Cost and Expenses 34.3 23.5 Operating Income 50.3 48.9 Income from Equity…
NON GAAP FINANCIAL METRICS Shell Midstream Partners Three Months Ended ( million) December 31, 2015 September 30, 2015 Adjusted EBITDA Attributable to SHLX 65.5 57.1 Less: Net Interest Paid 1.8 1.7 Maintenance Capital…
BALANCE SHEET Shell Midstream Partners ( million) As of December 31, 2015 As of September 30, 2015 Cash and Cash Equivalents 93 118 Total Debt 458 421 Revolving Credit Facility Capacity (Inc. Zydeco) 610 530 Copyright of…
QUESTION AND ANSWER Shell Midstream Partners For further questions, please contact Courtney L. Selinidis +1 713 241 1513 Courtney.SelinidisShell.com Copyright of Shell Midstream Partners, L.P. Date, Year 11
APPENDIX 2 ZYDECO PIPELINE Shell Midstream Partners Copyright of Shell Midstream Partners, L.P. Date, Year 13
APPENDIX 3 MARS PIPELINE Shell Midstream Partners Copyright of Shell Midstream Partners, L.P. Date, Year 14
APPENDIX 4 POSEIDON PIPELINE Shell Midstream Partners Copyright of Shell Midstream Partners, L.P. Date, Year 15
APPENDIX 5 BENGAL PIPELINE Shell Midstream Partners Copyright of Shell Midstream Partners, L.P. Date, Year 16
APPENDIX 6 COLONIAL PIPELINE Shell Midstream Partners Copyright of Shell Midstream Partners, L.P. Date, Year 17
APPENDIX 7 AUGER PIPELINE Shell Midstream Partners SHLX Auger Other Pipelines Copyright of Shell Midstream Partners, L.P. Date, Year 18
APPENDIX 8 LOCKPORT TERMINAL Shell Midstream Partners Copyright of Shell Midstream Partners, L.P. Date, Year 19