DRAFT Transaction Overview SemGroup agreed to acquire all of the outstanding common units of Rose Rock not already owned by SemGroup (the Simplification) Rose Rock unaffiliated common unitholders to receive 0.8136 SemGroup shares for…
DRAFT Pro Forma SemGroup Positioned for Long-Term Success Immediately accretive to SemGroup shareholders Value Enhancing Targeting pro forma 8% compound annual dividend growth rate and dividend coverage of & Stronger over 1.5x through…
DRAFT Illustrative Pro Forma Organizational Structure SemGroup Status Quo SemGroup Pro Forma SemGroup SemGroup Shareholders Shareholders 100% 100% SemGroup SemGroup acquires SemGroup Rose Rock public units GP & Rose Rock…
DRAFT Sources & Uses and Capitalization Sources and Uses(1) Pro Forma Capitalization ( in millions) ( in millions) Status Sources Amount % of Total Quo Pro Forma SEMG Shares 391 98% 3/31/2016 Adj. 3/31/2016 Cash from Balance Sheet…
DRAFT Crude and Gas Assets in Key Growth Areas Crude Oil 1,800 miles of crude oil pipelines 9 million barrels of crude oil storage capacity Over 270 crude oil trucks and trailers Maurepas Pipeline under construction(1) Locations:…
DRAFT SemGroup Company Strengths Stable Cash Flows Counterparty Strength(2) 88% of total LTM gross margin from fixed-fee based cash flows More than 70% of SemGroup's revenue is derived from 32% of total LTM gross margin secured by…
DRAFT 2016 Capital Expenditure Guidance 2016 Capital Expenditures 455 million 5 1% Key Committed Projects 55 12% Crude Projects Maurepas Pipeline (expected completion 4Q 2016): 325 million 45 10% Isabel Pipeline (completed March…
DRAFT Illustrative Transaction Timeline May 31th July / August August / September Announce SEC completes SemGroup Simplification review of S-4 shareholder vote May Jun Jul Aug Sep Oct June July / August 3Q 2016 File S-4…
DRAFT Transaction Highlights Transaction expected to provide immediate and long-term benefits to investors Allows SemGroup to continue to invest in high-return growth projects and make strategic acquisitions Provides Rose Rocks…