Sunoco Logistics Partners L.P. First Quarter 2016 Earnings Conference Call May 5, 2016
Highlights Strong First Quarter Performance in Difficult Macro Environment: 349MM Adjusted EBITDA and 283MM Distributable Cash Flow EBITDA & DCF include 52MM favorable LIFO accounting timing EBITDA & DCF exclude 26MM unfavorable…
Highlights Capital Projects: Commenced operations on the Bayou Bridge crude oil pipeline project Commenced ethane shipments on Mariner East 1, in addition to ongoing local, domestic and international propane shipments from Marcus…
LIFO Accounting Conceptual Example Quarter A Quarter B Quarter C Month 1 Month 2 Month 3 Month 4 Month 5 Contango Sale Sale11 Market Structure Sale 2 Purchase 1 Sale 3 Purchase 2 Sale 4 Inventory Build Purchase…
Latest EIA Weekly U.S. Crude Oil Production Data Source: Energy Information Administration 6
U.S. Production Permian, Bakken, & Eagle Ford Source: Energy Information Administration 7
Organic Expansion Capital Expected to significantly reduce 2016 capital from the previous guidance of 2.5B 8
16 Successful Major Projects Major Organic and Joint Venture Projects: 3 West Texas Crude expansion projects (crude oil) Permian Express 1 (crude oil) Permian Express 2 (crude oil) Eaglebine Express (crude oil) Granite Wash…
Scheduled Project Start-up 10
Mariner Franchise: 4 Successful Open Seasons Mariner East 1 Ethane / Propane from Houston to Marcus Hook 4Q 2014** Mariner West Ethane from Houston to Sarnia 4Q 2013 Mariner South Mariner East 2 Propane / Butane from Mont…
Mariner East Capacity 70 MB/D for ME 1 Initial Capacity 275 MB/D for ME 2 Connecting to 4 Fractionator Upside Capacity 800 MB/D for Mariner East Origin Locations in the Basin World-Class NGL Facility at Marcus Hook…
Crude Projects: 9 Successful Open Seasons 3 West Texas Crude Expansions Granite Wash Extension Permian Crude to multiple markets Granite Wash Crude to multiple markets 2012 - 2014 4Q 2014 Permian Express 1 Permian Crude to…
SXL Q1 2016 Financial Highlights (amounts in millions) Three Months Ended March 31, 2016 2015 Sales and other operating revenue 1,777 2,572 Cost of products sold (1) 1,413 2,318 Operating expenses (1) 23 40 Selling, general and…
SXL Q1 2016 Financial Highlights (amounts in millions, except per unit amounts) Three Months Ended March 31, 2016 2015 Calculation of Limited Partners' interest: Net Income attributable to Sunoco Logistics Partners L.P. 145 36 Less:…
SXL Q1 2016 Financial Highlights (amounts in millions) Three Months Ended March 31, 2016 2015 Capital Expenditures: Expansion 574 423 Maintenance 13 15 Acquisitions - 131 Total 587 569 18
SXL Q1 2016 Financial Highlights (amounts in millions) March 31, December 31, 2016 2015 Balance Sheet Data: Cash and cash equivalents 43 37 Revolving credit facilities 942 562 Senior Notes 4,975 4,975 Unamortized fair value…
SXL Non-GAAP Financial Measures (amounts in millions) Three Months Ended March 31, 2016 2015 Net Income 146 37 Interest expense, net 39 29 Depreciation and amortization expense 106 82 Provision for income taxes 5 6 Non-cash…
Crude Oil Segment Highlights 57% of total EBITDA for the twelve months ended December 31, 2015 Crude oil trunk and gathering lines located in the Southwest and Midwest U.S. Controlling interest in Mid-Valley (91%) Equity interest in…
SXL Crude Oil Three Months Ended March 31, 2016 2016 2015 Financial Highlights (in millions) Sales and other operating revenue 1,380 2,326 Adjusted EBITDA 224 160 (1) Operating Highlights Pipelines throughput (thousands of…
Natural Gas Liquids Segment Highlights 29% of total EBITDA for the twelve months ended December 31, 2015 NGLs pipelines, primarily related to our Mariner systems in the Northeast and Southwest U.S. Marcus Hook Industrial Complex…
SXL Natural Gas Liquids Three Months Ended March 31, 2016 2016 2015 Financial Highlights (in millions) Sales and other operating revenue 233 186 Adjusted EBITDA 74 28 Operating Highlights Pipelines throughput (thousands of…
Refined Products Segment Highlights 14% of total EBITDA for the twelve months ended December 31, 2015 Refined products pipelines, located in the Northeast, Midwest and Southwest U.S. Controlling Interest in Inland Pipeline (83.8%)…
SXL Refined Products Three Months Ended March 31, 2016 2016 2015 Financial Highlights (in millions) Sales and other operating revenue 164 60 Adjusted EBITDA 51 33 Operating Highlights (1) Pipelines throughput (thousands of…
SXL Key Financial and Operating Statistics 2012 2013 2014 2015 2016 Total Total 1st 2nd 3rd 4th Total 1st 2nd 3rd 4th Total 1st Total Financial highlights (in millions) Sales and other operating revenue Crude Oil 12,526 15,953…
SXL Key Financial and Operating Statistics 2012 2013 2014 2015 2016 Total Total 1st 2nd 3rd 4th Total 1st 2nd 3rd 4th Total 1st Total Reconciliation of Segment Operating Income to Net Income Attributable to Sunoco Logistics Partners…
Loading...
