GROWTH OVER THE PAST YEAR Shell Midstream Partners Adjusted EBITDA1 Cash Available for Net Income ( million) Distribution1 ( million) per LP Common Unit +130% +93% +112% 65.5 59.7 0.36 30.9 0.17 28.5 Q1 15 Q1 16 Q1 15…
FINANCIAL RESULTS FROM OPERATIONS Shell Midstream Partners Three Months Ended ( million) March 31, 2016 December 31, 2015 Revenue 76.7 84.6 Total Cost and Expenses 31.7 34.3 Operating Income 45.0 50.3 Income from Equity…
NON GAAP FINANCIAL METRICS Shell Midstream Partners Three Months Ended ( million) March 31, 2016 December 31, 2015 Adjusted EBITDA Attributable to SHLX 65.5 65.5 Less: Net Interest Paid 2.1 1.8 Maintenance Capital Attributable…
BALANCE SHEET Shell Midstream Partners As Adjusted1 ( million) As of March 31, 2016 As of December 31, 2015 Cash and Cash Equivalents 87 93 Total Debt 345 458 Revolving Credit Facility Capacity (Inc. Zydeco) 610 610 (1) Cash…
3.0 - 3.5 BILLION OF NORTH AMERICAN Shell Midstream Partners INFRASTRUCTURE EBITDA AT SPONSOR Existing Assets Within Existing Assets Outside of Projects FID & Future Shell Pipeline1 Shell Pipeline Opportunity 770 million 1.5 -…
OUR FOOTPRINT Shell Midstream Partners Copyright of Shell Midstream Partners, L.P. Date, Year 9
REFINED PRODUCTS Shell Midstream Partners Bengal Colonial Copyright of Shell Midstream Partners, L.P. Date, Year 10
LOCKPORT TERMINAL Shell Midstream Partners Copyright of Shell Midstream Partners, L.P. Date, Year 11
ZYDECO CRUDE SYSTEM Shell Midstream Partners Copyright of Shell Midstream Partners, L.P. Date, Year 12
GULF OF MEXICO CRUDE SYSTEMS Shell Midstream Partners Copyright of Shell Midstream Partners, L.P. Date, Year 13
GULF OF MEXICO DEVELOPMENT MODELS Shell Midstream Partners TIE BACKS SMALL PLATFORMS MEGA PROJECTS Smaller discoveries drilled Laterals to existing Midstream infrastructure near existing infrastructure infrastructure required…
GULF OF MEXICO ACTIVITY Shell Midstream Partners Copyright of Shell Midstream Partners, L.P. Date, Year 15
SHLX STRATEGY Shell Midstream Partners PREDICTABLE, STABLE, FEE-BASED CASH FLOW LONG-TERM CONTRACTS TOP TIER DISTRIBUTION GROWTH DROP DOWNS, ORGANIC GROWTH, BOLT-ON M&A Copyright of Shell Midstream Partners, L.P. Date, Year…
QUESTION & ANSWERS Shell Midstream Partners Copyright of Shell Midstream Partners, L.P. Date, Year 17
SOLID PERFORMANCE UNDERPINNED BY STABLE VOLUMES Shell Midstream Partners Auger1 Lockport1 Poseidon1 Mars - Storage Mars Bengal Zydeco Mainline Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Volumes shown in kbpd…