Genesis Energy, L.P. Partnership Overview Investment Highlights Master Limited Partnership (NYSE: GEL) Integrated asset portfolio creates opportunity across the crude oil production / refining value chain L.P. market capitalization…
Genesis Business Proposition Integrated asset & services portfolio creates opportunities with producers and refineries Asset / Services Integration CO2 Pipelines Producers Refinery Supply & Logistics Services Supply &…
Genesis Operational Footprint Onshore Pipeline Offshore Pipeline Refinery Services Marine Transportation Supply & Logistics Transportation Transportation 70 million (11%) 318 million (50%) 84 million (13%) 98 million (16%) 63 million…
Limited Commodity Price Exposure Business Segment General Commodity Exposure Mitigant Tariff-based, fee income (except for PLA volumes) Onshore Pipeline Transportation No Direct Exposure Fixed lease payments from DNR for NEJD CO2…
Existing Businesses
Onshore Pipeline Transportation Stable cash flows through pipeline tariffs combined with future volume growth Refiners are the shipper of approximately 85% of total crude oil moved through our onshore pipelines Onshore Crude Oil…
Offshore Pipeline Transportation Positioned to provide deepwater producers maximum optionality with access to both Texas & Louisiana markets Potential for meaningful volume growth with increased development drilling in dedicated,…
Deepwater Gulf of Mexico Activity Deepwater Gulf of Mexico Oil Production Gulf of Mexico production to increase despite decline in oil price 2015 Deepwater Production by Operator(b) EIA projects Gulf of Mexico production will average…
Resiliency of Gulf of Mexico May 3, 2016 First Quarter 2016 Conference Call April 20, 2016 Operational Review I don't see that the Miocene inventory is exhausted in the Gulf of Mexico. We just had a discovery last year at Yeti in the…
Refinery Services Refinery sulfur removal and sales of by-products at 10 owned and/or operated facilities; 4 marketing agreements Owned & leased NaHS and NaOH terminals in Gulf Coast, Midwest, Montana, British Columbia, Utah and South…
Refinery Services Process Overview Sour Gas Processing units inside Nat Gas the fence at 10 refineries H2S NaHS Unit Gas Processing Produce NaHS through proprietary Nat Gas process utilizing large amounts of Refiners Caustic Soda…
Supply & Logistics Crude oil services and logistics, refined products services and logistics and rail services 145 trucks / 140 trailers in crude oil trucking fleet. Additional 120 trucks / 275 trailers in refined products fleet 2.4…
Business Objectives and Recent Developments
Business Objectives Identify and Exploit Profit Opportunities Across an Increasingly Integrated Asset Footprint Continue to Optimize Existing Asset Base and Create Synergies Evaluate Internal and 3rd Party Growth Opportunities…
Organic Capital Projects Opportunities focused on leveraging existing Capital Allocation by Segment(a) Genesis footprint and providing an integrated Marine Transportation 15% midstream solution to our producer and refinery Onshore…
Exxon Mobil Baton Rouge Pipeline/Rail/Terminal Project Integrated Crude Logistics Project Overview Genesis entered into definitive agreements with ExxonMobil (XOM) in which Port Hudson Truck Station One existing 10,000 bbl tank…
Houston Area Pipeline & Terminal Infrastructure Genesis is currently expanding its Houston area logistics services to include new terminal and pipeline infrastructure Project Overview capable of receiving various Gulf of Mexico…
Powder River Basin Midstream Solution The Powder River Basin pipeline is approximately 135 miles and Project Overview includes the ability to: Receive barrels by in-field gathering systems and truck transportation from multiple…
Financial Summary
Financial Objectives Continue to deliver disciplined growth in distributions Grow our distribution coverage ratio, using excess Available Cash as equity and to pay down senior secured debt Target long-term total leverage ratio…
Strong Balance Sheet and Credit Profile ( in 000s) Reported LTM Material Project & Acquisitions Pro Forma LTM 3/31/2016 EBITDA Adjustment 3/31/2016 Senior Secured(a) 1,218,889 1,218,889 Senior Unsecured 1,808,575 1,808,575 Pro…
Disciplined Distribution Growth 43 consecutive quarters of distribution increases to L.P.s, 38 of which have been 10% or greater year-over-year Historical LP Unit Distributions ( / unit) -25-
Appendix I Deepwater Gulf of Mexico Activity Update
Known Deepwater Discoveries Not Yet Developed Rydberg Tortuga Troubadour Vito Katmai Magellan Samurai Winter North Platte Anchor Shenandoah Mad Dog II Yucatan Yeti Guadalupe Coronado Gila Gibson Tiber Kaskida Melmar…
Atlantis Field Development Field Overview BP operated field Field Development: Discovery announced in 1998; first production in 2007 Semisubmersible in 7,000 feet of water with 200,000 bbl/d of production capacity Initial…
Constitution Field Development Caesar Tonga Forecasted Production(d) Anadarko operated development Includes production from the Constitution, Ticonderoga and Caesar/Tonga fields Field Development: Discovery announced in 2003;…
Lucius Field Development Map Anadarko operated development Field Development: Discovery announced in 2009; first production in 2015 Truss spar floating production facility in 7,100 feet of water with 80,000 bbl/d of production…
Mad Dog Field Development Field Overview BP operated development Field Development: Discovery announced in 1998; first production in 2005 Truss spar in 4,500 feet of water with 80,000 bbl/d of production capacity Future…
Marco Polo Field Development Map Anadarko operated development Includes production from the Marco Polo, K2 and Genghis Kahn fields Field Development: Discovery announced in 1999; first production in 2005 Standalone TLP in…
Shenzi Field Development Field Overview BHP operated field Field Development: Discovery announced in 2002; first production in 2009 Standalone TLP in 4,300 feet of water with 100,000 bbl/d of production capacity Initial…
Appendix II Additional Financial Information
Pro Forma Segment Margin Reconciliation ( in 000s) Pro Forma LTM 3 months Ended March 31, 3/31/2016 2016 2015 2015 2014 Segment Margin Excluding Depreciation and Amortization: OffshorePipeline Transportation 251,143 78,618 25,198…
Available Cash Before Reserves ( in 000s) Pro Forma LTM 3 months Ended March 31, 3/31/2016 2016 2015 2015 2014 Net income 437,616 35,303 20,215 422,528 106,202 Depreciation and amortization 169,650 46,635 27,125 150,140 90,908 Cash…
Pro Forma EBITDA Reconciliation ( in 000s) Pro Forma LTM 3 months Ended March 31, 3/31/2016 2016 2015 2015 2014 Net Income 437,616 35,303 20,215 422,528 106,202 Depreciation and amortization 169,650 46,635 27,125 150,140 90,908 Interest…
Adjusted Debt Reconciliation ( in 000s) Pro Forma LTM Long-term debt 3/31/2016 2015 2014 Senior secured credit facility 1,280,000 1,115,000 550,400 Senior Unsecured Notes 1,808,575 1,850,000 1,050,000 Adjustment for short-term…
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