2016 MLPA Investor Conference June 1-3, 2016 The Smart Move in Energy Private and Confidential 2016 MLPA Investor Conference June 1-3, 2016 (NASDAQ: BKEP & BKEPP)
Partnership Overview Blueknight Energy Partners, L.P. (BKEP) is a publicly traded master limited partnership Headquartered in Oklahoma City, Oklahoma; established in 2007 General Partner owned equally by Vitol and Charlesbank…
Common and Preferred Units Common Units Preferred Units Market NASDAQ NASDAQ Symbol BKEP BKEPP Outstanding 33,202,158 30,158,619 Yield at 5/27/16 11.3% 10.4% Distribution 0.145/unit for quarter ended March 31, 2016 0.715/unit…
Sponsorship Overview Worlds largest independent oil trading Private equity firm with over 2 billion company of capital under management Moves equivalent of over 5 million Long history of making middle-market barrels/day of…
Ownership Charlesbank Capital Partners Vitol Holding B.V. CB-Blueknight, LLC Blueknight Energy Holding, Inc. 50.0% 50.0% Ownership Ownership Interest Interest Blueknight GP Holding, LLC (DE) 14.2% Limited 14.2% Limited…
Business Segment Overview Private and Confidential 2016 MLPA Investor Conference June 1-3, 2016 8 (NASDAQ: BKEP & BKEPP)
Diversified Operations Asphalt Terminal Crude Oil Terminalling and Network (65.0%) Storage (30.0%) 8.2 million barrels of 6.6 million barrels of asphalt and residual Cushing, OK storage fuel oil storage 0.2 million barrels of 45…
Asphalt Services Largest independently owned asphalt terminal network 8.2 million barrels of asphalt and residual fuel oil storage capacity in 45 terminals across 23 states Generate revenues by charging fees for the lease of…
Crude Oil Terminalling & Storage Services Customer Value Creation Provides our customers the ability to effectively manage their crude oil inventories and add significant flexibility in their marketing and operating activities…
Crude Oil Pipeline Services: Oklahoma Systems Mid-Continent Mainline System 515-mile gathering and transportation network that gathers wellhead crude oil at a capacity of 20,000 bpd Transports crude oil to our Cushing terminal,…
Crude Oil Pipeline Services: East Texas System East Texas System 210 miles of mostly intrastate crude oil pipelines near Longview, Texas Connected to Mid-Valley pipeline systems delivering crude oil to the Midwest and local…
Crude Oil Pipeline Services: West Texas BKEP has 30% ownership and operates the 16 Pecos River Pipeline under a long-term service agreement with Advantage Pipeline, L.L.C. Provides crude transportation from west Texas to the…
Crude Oil Trucking & Producer Field Services Crude Trucking Crude oil trucking operations extend our ability to gather and aggregate crude oil on our systems and deliver product for third parties to their facilities Approximately…
Strategy/Growth Private and Confidential 2016 MLPA Investor Conference June 1-3, 2016 16 (NASDAQ: BKEP & BKEPP)
Strategic Focus Successful renegotiation of contract expirations In process of renegotiating certain expiring terminalling and storage agreements Optimistic that rates will remain consistent or improve slightly Maintain solid…
Fee-Based Business Model Operating Margin Segment Contracted Fixed Fee Take-or-Pay Fixed Fee Not Fixed Volumes (Non-Commodity Price Sensitive) (Non-Commodity Price Sensitive) Asphalt Services 95.3% 4.7% Crude oil terminalling…
Key Investment Highlights Cushing Interchange: Resident player at core location for crude oil distribution and marketing Attractive Core Base Asphalt Facilities: Geographic diversification in key domestic markets with multiple potential…
Financial Summary Private and Confidential 2016 MLPA Investor Conference June 1-3, 2016 21 (NASDAQ: BKEP & BKEPP)
Selected Historical Financial Data Tw elve Months Ended Three Months Ended (s in thousands) December 31, March 31, 2013 2014 2015 2015 2016 Selected Consolidated Statement of Operations Data Total revenue: Asphalt Services 65,747…
Reconciliation of Adjusted EBITDA and Distributable Cash Flow to Net Income Adjusted EBITDA The following table presents a reconciliation of adjusted EBITDA to net income for the periods shown: Twelve Months Ended Three Months…
Loading...
