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MLPA Conference – Buckeye Partners Lp

Buckeye Partners Lp · Jun 2, 2016 · 13 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. MLPA Conference – Buckeye Partners Lp – slide 1
    MLPA Conference June 1-3, 2016
  2. MLPA Conference – Buckeye Partners Lp – slide 2
    ORGANIZATIONAL OVERVIEW Buckeye owns and operates a diversified network of integrated assets providing midstream logistic solutions generating stable and consistent cash flows LTM Adjusted EBITDA(1) - 899.8 million BPL LTM Unit…
  3. MLPA Conference – Buckeye Partners Lp – slide 3
    RECENT DEVELOPMENTS AND QUARTERLY HIGHLIGHTS Buckeye reported last twelve months coverage of 1.04x Domestic Pipelines & Terminals Significant Decline in Marcellus & Utica Rig Count(1) oContinued strong performance across the asset…
  4. MLPA Conference – Buckeye Partners Lp – slide 4
    LOOKING FORWARD Expect to maintain quarterly distribution Strong balance sheet with sufficient liquidity to fund growth of 0.0125 per quarter for 2016 capital needs without accessing capital markets Buckeye has limited commodity…
  5. MLPA Conference – Buckeye Partners Lp – slide 5
    GEOGRAPHIC DIVERSIFICATION SYSTEM MAP Chicago Complex NY Harbor Caribbean Geographically Diversified Gulf Coast Four Buckeye Hubs 6
  6. MLPA Conference – Buckeye Partners Lp – slide 6
    TRANSFORMATION SINCE 2010 Acquisitions Drove Significant Geographic Global Marine Terminals Segment Provides Diversification Significant Diversification in Adjusted EBITDA(1) Invested over 7 Billion in Acquisitions and Internal…
  7. MLPA Conference – Buckeye Partners Lp – slide 7
    DIVERSIFICATION 0%DRIVES STABILITY 3% Diversified portfolio generates stable, fee-based cash flows; 95% of our March 31 YTD Adjusted EBITDA was fee-based PRODUCT DIVERSIFICATION FUTURE DIVERSIFICATION 2010 Refined(1) 2016(3)…
  8. MLPA Conference – Buckeye Partners Lp – slide 8
    BUCKEYE TEXAS PARTNERS Provides substantial logistics, processing and handling capabilities as an unparalleled All assets are fully supported by 7-10 year midstream platform in the Gulf Coast minimum volume commitments and storage…
  9. MLPA Conference – Buckeye Partners Lp – slide 9
    GROWTH CAPITAL PROJECTS Expect to invest 300-350 million in growth capital around our refined products assets 20-25% of growth capital spend is uncommitted and could be deferred if necessary DOMESTIC PIPELINES & TERMINALS GLOBAL…
  10. MLPA Conference – Buckeye Partners Lp – slide 10
    WEST TO EAST MARKET SHIFT Buckeye expects to benefit from offering advantaged Midwestern refiners further transportation options to eastern markets Michigan/Ohio Expansion West versus East Gasoline Pricing Differential(1) oFacilitate…
  11. MLPA Conference – Buckeye Partners Lp – slide 11
    FINANCIAL PERFORMANCE Adjusted EBITDA (in millions)(1)(2) Cash Distribution Coverage Ratio(1)(2)(3) Cash Distributions per Unit Declared(2) Debt to Adjusted EBITDA Ratio(2) (1) 2013 and 2014 amounts represent Adjusted EBITDA…
  12. MLPA Conference – Buckeye Partners Lp – slide 12
    INVESTMENT 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 flows…
  13. MLPA Conference – Buckeye Partners Lp – slide 13
    NON-GAAP RECONCILIATIONS In millions, except ratios 2012 2013 2014 2015 LTM(3) (1)(2) Adjusted EBITDA from continuing operations : Domestic Pipelines & Terminals 422.7 486.5 532.1 522.2 520.6 Global Marine Terminals 128.6 149.7…

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