New Management Structure and Changes to Segmented Reporting April 19, 2016 Integrated Midstream Solutions
Rationale Resulted from a strategic review of our business focused on how to best manage the Company and enhance our ability to service the demands of our diverse customer base Reflective of recent changes within our operations that…
Business Segmentation Roadmap Former Segmentation Assets Revised Segmentation Terminals & Pipelines 100% of existing Terminals & Pipelines assets North American processing, recovery Environmental Services and disposal (PRD)…
New Business Segments Gibsons suite of logistical and ancillary Gibsons network of fixed midstream Gibsons broad, physical market wellsite services that enable oil and infrastructure that collects, stores and transactional…
Business Segment Contribution 2015 Segment Profit Former Segmentation Revised Segmentation Other 1% Marketing Industrial 8% Propane 10% Terminals & Propane & Pipelines NGL Marketing 34% & Distribution Infrastructure…
Benefits Centralizes and leverages Gibsons operational expertise by managing all fixed infrastructure in a single division Consolidates 15% of Gibsons physical operational locations within Logistics to reduce costs and improve…