JP Energy Partners LP (JPEP) Overview JPEP is a publicly traded, diversified MLP JPEP Summary Unit Price1 7.34 We operate in three segments: Market Cap (mm) 1 261 Our crude oil assets include crude oil Equity Yield1 17.7% Crude…
Segment Overviews
Crude Oil Pipelines and Storage Segment Overview Silver Dollar Pipeline Map C COOK KE Crude Oil Storage Radio Tower E M M II D D LL A ANND D G G LL A ASSS SCCO OCCK K Station + JPEP: Asset: 3.0 million barrels of shell…
Crude Oil Pipelines and Storage (cont) Segment Overview Crude Oil Supply and Logistics Crude Oil Supply and Logistics Assets: 74 crude oil gathering trucks in the Midland Basin, Eagleford and Texas Panhandle. 4 crude oil truck…
Refined Products Terminals and Storage Segment Overview Terminals in Large Metropolitan Areas Refined Products Terminals and Storage Assets: Two terminals located in North Little Rock, AR and Caddo Mills, TX Services Offered:…
NGL Distribution & Sales Segment Overview Retail, Commercial and Wholesale Propane Footprint Retail, Commercial and Wholesale Propane Assets: Trucks, tanks and 39 customer service locations; also 28 regulated community central…
NGL Distribution & Sales (contd) Segment Overview Cylinder Exchange Footprint Cylinder Exchange Assets: Cylinders, cages, trucks, 52 depots and 8 production facilities to process and fill empty cylinders Services Offered:…
Timeline of Achievements Supporting our Growth April 2015 February 2016 October 2014 January 2015 Announced Silver Dollar Announced 5mm ethanol unit Completed Announced first Pipeline interconnection train project and…
2015 Major Accomplishments Grew Adjusted EBITDA by 31% YoY excluding the impact of corporate overhead support from our general partner Growth Silver Dollar Pipeline volumes grew 35% year-over-year Retail Propane volumes grew 16%…
Project Completions / Announcements Completed: Phase II of the Regan County Extension COKE MIDLAND GLASSCOCK + In January 2016, we completed Phase II of our Reagan County JPEP - Silver Dollar Pipeline STERLING extension to…
Financial Overview
Q1 2016: Segment Performance Segment Q1 Performance Drivers Adjusted EBITDA by Segment (mm) Higher margins from more favorable NGL market conditions, cost control Distribution NGL 12.3 & Sales Partially offset by volume declines…
Balance Sheet & Liquidity (May 2, 2016) Available debt capacity expected to fully support planned 2016 organic capex Strong Metrics, Access to Capital Available Liquidity (mm)1 Exited Q1 2016 with a leverage ratio of 3.1x; down from…
2016 Adjusted EBITDA Guidance 2016 JP Energy Guidance 2016 Adjusted EBITDA of 50 - 56 million before considering any corporate overhead support(1) or any acquisitions we may undertake during the year Expected 2016 Adjusted EBITDA…
Expense Reductions Driving Controllable Growth Adjusted EBITDA Walk-Forward (mm)(1) 60 Less Control / Market Sensitive 58 Some Control 55 Absolute Control 53 50 48 45 43 40 2015 Forecast Corporate Corporate NGL Reductions…
Strong Common Unit Distribution Coverage Discussion Quarterly Distributable Cash Flow (mm)(1)(2) Approximately half of the 16 2016 Quarterly Average DCF units outstanding are 14 subordinated to the common Total Unit unit…
Asymmetric Crude Price / Volume Exposure Limited Further Crude Related Downside: 2016 Total Segment Adjusted EBITDA Approximately 20% of 2016 Adjusted EBITDA guidance for all operational segments is sensitive to crude volumes or…
Selected Examples of Cost and Operating Expense Reductions 2.0 million in net 2016 savings from our crude trucking operations from: Positioning fleet closer to customers, reducing trucking miles Reducing fuel, repair and maintenance…
Appendix
Non-GAAP Reconciliation Adjusted EBITDA Year ended December31, Three months ended March 31, 2015 2016 2015 (in Thousands) (in Thousands) Segment Adjusted EBITDA Crude oil pipelines and storage 23,119 4,813 4,881 Refined products…
Non-GAAP Reconciliation Distributable Cash Flow Year ended December 31, 2015 (in Thousands) Net cash provided by operating activities 46,041 Depreciation and amortization (49,133) Goodwill impairment (37,835) Asset impairment…
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