(NYSE:TLP) 2016 MLPA Investor Conference June 2, 2016
TLP Overview We are a leading terminaling and transportation company Own and operate refined petroleum product tank farms and Key Stats pipelines. 30.6 million Provide integrated terminaling, storage, transportation and barrels…
Our Asset Footprint Large network of strategically positioned refined product assets1 Products Stored Light Refined Products Gasoline Jet Fuel Diesel Fuel Heating Oil Heavy Refined Products Resid. Fuel Oil Asphalt East Liverpool…
Sizable and Diversified Terminal Network Significant footprint of assets; 48 terminals across 5 distinct regions1 Southeast Gulf Coast Terminals: 22 Terminals: 7 Capacity: 10.0 MM bbls Capacity: 6.9 MM bbls % Contracted: 100% %…
Highly Contracted with Quality Customers 31 mm barrels of capacity; 95% contracted; Strong counterparties Key customers represent Active Shell Capacity Million barrels 90% of revenue 35 30.6 30.6 30.6 30 23.7 23.5 25 22.4 20…
Success in Achieving Third-Party Growth Nearly all of our customer base is unaffiliated third-party Morgan Stanley, a previous owner of our GP, accounted for more than 60% of our business in 2014. Since then, we have contracted and/or…
Recent Accomplishments The success we have achieved demonstrates the value of our assets New 5-Year Contract New 5-Year Re- Entered into a new New Collins Contract, Port Everglades Contract 5-year terminaling Hydrant Acquisition…
Sponsor Enhances Growth Potential We are backed by a highly experienced and aligned general partner Strategic and Aligned General Partner About ArcLight Capital Partners In February 2016, ArcLight Energy Partners Leading private equity…
Growth Opportunities Pursuing growth in three key areas 1 2 3 Maximize Invest Acquisitions Base System Organically New assets Sponsor Maximize assets transactions Re-contract capacity Interconnections Third-party M&A Fill…
Active Growth Opportunities Significant inventory of identified growth opportunities 1 Collins storage terminal expansion Phase I expansion is adding 2 million barrels of capacity. Developing Phase II expansion for 2 to 5 million…
Collins Storage Terminal Expansion Significant demand for additional bulk storage at Collins Phase I: Construction of 2 million PHASE II barrels of capacity (fully contracted), anticipated completion Q4-2016 through Q2- 2017. Total…
Strong Cash Flows & Balance Sheet A track record of cash flow growth and financial stability Consistent and Growing EBITDA Conservative Leverage Profile mm Debt/EBITDA 100 4.0x 90 3.4x 90 3.5x 75 3.0x 80 69 72 71 2.8x 3.0x…
Significant Distribution Coverage High distribution coverage represents additional growth potential Conservative coverage position provides significant cash cushion and reduction in funding needs historical average of 1.3x. 1 increase…
Eleven Years of Distribution Stability and Growth We have a long-term track record of creating and building value +70%1 Increased quarterly distribution /unit from 0.67 to 0.68 for the 0.68 0.665 0.67 0.70 0.64…
TLP Business Highlights1 Attractive business model creates strong value proposition Large asset and footprint spanning 5 key regions, 48 storage Quality, terminals and 3 product pipelines. Diversified Asset Asset system represents…
Financial Summary Three months ended March 31, June 30, September 30, December 31, March 31, 2015 2015 2015 2015 2016 Net earnings 10,122 12,188 7,712 11,667 8,710 Depreciation and amortization 7,337 7,476 7,711 8,126 7,935…
Financial Summary (continued) Three months ended March 31, June 30, September 30, December 31, March 31, 2015 2015 2015 2015 2016 Revenue 37,897 37,034 37,269 40,310 40,626 Direct operating costs and expenses (14,954) (15,872)…
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