Cautionary statement This presentation includes forward-looking statements. These statements relate to, among other things, projections of operational volumetrics and improvements, growth projects, cash flows and capital expenditures. We…
Diversified midstream provider 12.50 per unit 2016 Adj. EBITDA 130M 1.2B Enterprise Value1 13% current yield1 YoY Growth of 100%2 3 Brunswick terminal operations located in Georgia not shown on map. See slide 18 for footnotes.
Strong growth trajectory Deliver long-term, sustainable cash Industry-knowledgeable sponsor with track record of multiple, flow growth accretive drop downs and significant financial support Acquire complimentary assets to consolidate…
Gulf of Mexico acquisitions April 2016 Expands Gulf Coast footprint, improves distribution coverage and reduces leverage Acquired multiple interests in natural gas and NGL pipelines that provide transport for rich-gas production from…
Improving financial strength and flexibility 100% Adjusted EBITDA Growth5 Building distribution coverage in the near-term5,6 125 - 135 1.5x 1.08x 1.02x 0.81x 1.75 1.85 1.89 1.65 66.3 45.6 31.9 +100% +0.69x 2013 2014 2015 2016F…
Compelling MLP investment Diversified Well-positioned assets across multiple prolific basins and the Portfolio deepwater Gulf of Mexico Executing fee-based organic growth and actively pursuing Growth Visibility strategic and…
Gathering and Processing Asset Overviews Approx. Avg. Throughput (MMcf/d) Longview (East Texas) Acquired October 2014 Pipeline Processing Gathering system that feeds two cryogenic processing plants in Gregg County, TX Design Design…
Transmission Asset Overviews Approximate Average Approx. Throughput (MMcf/d) High Point System (SE Louisiana) Pipeline Length Intrastate system connected to 75+ receipt points that collects Design Year Year of natural gas from both…
Terminals Asset Overviews Terminal Storage Capacity (Mbbls) Three facilities: Westwego, LA; Harvey, LA; Brunswick, GA Year Contracted Year Contracted Majority of revenues derived from fee-based, take-or-pay storage Ended Capacity…
Gulf of Mexico Joint Ventures and Investments Interest Overview Interest Pipeline Design System Held (miles) Product Capacity Delta House Floating production system located in the Mississippi Canyon region in Delta House 13.9% - - -…
Appendix: Non-GAAP Financial Measures
Appendix: Non-GAAP Financial Measures (a) Excludes amortization of debt issuance costs and mark-to-market adjustments related to interest rate derivatives. (b) Represents quarterly maintenance capital expenditures in each given…
Appendix: Non-GAAP Financial Measures (a) Direct operating expenses includes Gathering and Processing segment direct operating expenses of 10.0 million and 9.1 million, respectively, and Transmission segment direct operating…
Footnotes 1. As of 5/26/2016. Enterprise value includes the market value of Series A and C equity preferred units as of 5/26/2016. Current yield based on annualized distribution of 1.65 per unit, or 0.4125 per unit quarterly. 2. 2016…
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