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2016 UBS MLP One on One Conference – JP Energy Partners LP

JP Energy Partners LP · Jan 11, 2016 · 23 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 2016 UBS MLP One on One Conference – JP Energy Partners LP – slide 1
    2016 UBS MLP One-on-One Conference January 2016
  2. 2016 UBS MLP One on One Conference – JP Energy Partners LP – slide 2
    JP Energy Partners Overview
  3. 2016 UBS MLP One on One Conference – JP Energy Partners LP – slide 3
    JP Energy Partners LP (JPEP) Overview NYSE Listed: JPEP Formed in May 2010 JPEP is a publicly traded, diversified master limited partnership with operations including: Crude Oil Pipelines & Storage Refined Products Terminals &…
  4. 2016 UBS MLP One on One Conference – JP Energy Partners LP – slide 4
    Well Positioned for 2016 and Beyond Solid Position in Active Basins Fully Integrated Solution Solid Financial Position Enables Long-Term Growth Network of midstream Manage physical Large percentage of fee- Execute on backlog of…
  5. 2016 UBS MLP One on One Conference – JP Energy Partners LP – slide 5
    Growing, Fee-Based Cash Flows with High Quality Customer Base Crude Oil Pipelines and Storage Segment Adjusted EBITDA Mix: 3Q15 TTM Fixed EBITDA crude storage contract Fixed throughput rate on the Silver Dollar Pipeline Refined…
  6. 2016 UBS MLP One on One Conference – JP Energy Partners LP – slide 6
    Timeline of Achievements Supporting our Growth Announced Strategic Extension of Announced Silver Dollar Pipeline Completed Initial Silver Dollar Pipeline in the Midland Interconnection Agreement with Public Offering Basin Magellan…
  7. 2016 UBS MLP One on One Conference – JP Energy Partners LP – slide 7
    Silver Dollar Pipeline Recent Updates Reagan Lateral Legend Glasscock Truck Station Completed Phase I of the project in September 2015 on Reagan Lateral Station Sterling Future Station time and under budget. Includes…
  8. 2016 UBS MLP One on One Conference – JP Energy Partners LP – slide 8
    Financial Strategy Long term contracts for our crude oil pipelines Maintain Stable Refined products and NGL segments offer diversification in mature markets Cash Flows but with considerable growth opportunities Near-term organic…
  9. 2016 UBS MLP One on One Conference – JP Energy Partners LP – slide 9
    2016 Financial Guidance
  10. 2016 UBS MLP One on One Conference – JP Energy Partners LP – slide 10
    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…
  11. 2016 UBS MLP One on One Conference – JP Energy Partners LP – slide 11
    2016 Adjusted EBITDA Guidance by Segment 2016 Adjusted EBITDA and DCF Guidance (mm)(1)(2)(3) 1Q16 2Q16 3Q16 4Q16 2016 2015 Growth Adjusted EBITDA Guidance Range YoY Crude Oil Pipelines and Storage 5 -7 6 -8 6 -8 6 -8 26 - 27 23 - 24 3…
  12. 2016 UBS MLP One on One Conference – JP Energy Partners LP – slide 12
    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…
  13. 2016 UBS MLP One on One Conference – JP Energy Partners LP – slide 13
    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 subordinated to the common 14 Total Unit unit holders,…
  14. 2016 UBS MLP One on One Conference – JP Energy Partners LP – slide 14
    Crude Oil Pipelines and Storage 2016 Adjusted EBITDA Guidance Overview Expect 2016 Adjusted EBITDA to increase 3 million year-over-year Modest expectations for volume growth on our Silver Dollar Pipeline Expect full year average…
  15. 2016 UBS MLP One on One Conference – JP Energy Partners LP – slide 15
    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…
  16. 2016 UBS MLP One on One Conference – JP Energy Partners LP – slide 16
    Refined Products Terminals 2016 Adjusted EBITDA Guidance Overview Refined Products Terminals Adjusted EBITDA is expected to be relatively flat year-over-year Slight volume improvement expectation due to new customers added late in…
  17. 2016 UBS MLP One on One Conference – JP Energy Partners LP – slide 17
    NGL Distribution and Sales 2016 Adjusted EBITDA Guidance Overview NGL Distribution and Sales Adjusted EBITDA is expected to grow considerably year-over-year Full year benefit of cylinder exchange margin improvement Growing retail…
  18. 2016 UBS MLP One on One Conference – JP Energy Partners LP – slide 18
    Corporate 2016 Overhead Guidance Overview Normalized corporate overhead expense (before any benefit from General Partner support) is expected to decline year-over-year Lower public company expenses Lower headcount 2016 Corporate…
  19. 2016 UBS MLP One on One Conference – JP Energy Partners LP – slide 19
    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…
  20. 2016 UBS MLP One on One Conference – JP Energy Partners LP – slide 20
    Balance Sheet and Liquidity Available debt capacity expected to fully support planned 2016 organic capex Strong Metrics, Access to Capital Available Liquidity (mm) (1)(2) Leverage ratio expected to remain at or below Unused Credit…
  21. 2016 UBS MLP One on One Conference – JP Energy Partners LP – slide 21
    Appendix
  22. 2016 UBS MLP One on One Conference – JP Energy Partners LP – slide 22
    Non-GAAP Reconciliation Adjusted EBITDA Nine months ended September 30, 2015 (in thousands) Segment Adjusted EBITDA Crude oil pipelines and storage 17,593 Crude oil supply and logistics 394 Refined products terminals and storage…
  23. 2016 UBS MLP One on One Conference – JP Energy Partners LP – slide 23
    Non-GAAP Reconciliation Distributable Cash Flow Nine months ended September 30, 2015 (in thousands) Net cash provided by operating activities 24,266 Depreciation and amortization (35,768) Derivative valuation changes 14,625…

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