Citi Investor Tour Houston, Texas February 16, 2016
ORGANIZATIONAL OVERVIEW AND HIGHLIGHTS Buckeye owns and operates a diversified network of integrated assets providing midstream logistic solutions as well as stable and sustainable cash distribution to our unitholders THREE BUSINESS…
RECENT DEVELOPMENTS QUARTERLY HIGHLIGHTS Expect to maintain quarterly distribution growth of 0.0125 per quarter Domestic Pipelines & Terminals oContinued strong performance across the asset platform despite volatile commodity…
STRONG 2015 PERFORMANCE Strong balance sheet with sufficient liquidity to fund Buckeye reported 2015 coverage of 1.02x capital needs without accessing capital markets Buckeye has limited commodity exposure Expected 2016 growth…
GEOGRAPHIC DIVERSIFICATION SYSTEM MAP Chicago Complex NY Harbor Caribbean Geographically Diversified Gulf Coast Four Buckeye Hubs 6
TRANSFORMATION SINCE 2010 Acquisitions Drove Significant Geographic Global Marine Terminals Segment Provides Diversification Significant Diversification in Adjusted EBITDA(1) Invested Nearly 7 Billion in Acquisitions and Internal…
DIVERSIFICATION 0%DRIVES STABILITY 3% Diversified portfolio generates stable, fee-based cash flows; 95% of our December 31 YTD Adj. EBITDA was fee-based PRODUCT DIVERSIFICATION 2015(3) FUTURE DIVERSIFICATION 2010 Refined(1)…
BUCKEYE TEXAS PARTNERS Unique midstream platform in the Gulf Coast with long-term committed revenues and significant opportunities for further growth Asset Overview (1) Expansion Update o Buckeye Texas Hub (Texas Hub) o 50,000 barrel…
GROWTH CAPITAL PROJECTS Expect to invest 325-375 million in 2016 Large capital projects drive meaningful incremental contributions to our growth DOMESTIC PIPELINES & TERMINALS GLOBAL MARINE TERMINALS PROJECTS PROJECTS Pipelines &…
FINANCIAL OVERVIEW
FINANCIAL PERFORMANCE Adjusted EBITDA (in millions)(1)(2) Cash Distribution Coverage Ratio(1)(2)(3) Cash Distributions per Unit Declared(2) Leverage Ratio(2)(4) (1) 2013 and 2014 amounts represent Adjusted EBITDA from continuing…
BUCKEYE PARTNERS SUMMARY Diverse portfolio of assets built through acquisitions and internal investment that deliver stable financial results despite volatile and depressed commodity price environment oPredominantly fee-based cash…
N NON-GAAP RECONCILIATIONS
NON-GAAP FINANCIAL MEASURES Adjusted EBITDA and distributable cash flow are measures not defined by GAAP. Adjusted EBITDA is the primary measure used by our senior management, including our Chief Executive Officer, to (i) evaluate our…
NON-GAAP RECONCILIATIONS In millions, except coverage ratio 2011 2012 2013 2014 2015 Adjusted EBITDA from continuing operations (1)(2) : Domestic Pipelines & Terminals 368.9 422.7 486.5 532.1 522.2 Global Marine Terminals 113.0…
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