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…
American Midstream Overview American Midstream Partners, LP Key Business Highlights ( millions except units) Market Capitalization 374 Second quarter 2016 Adjusted EBITDA of 36.1 million Distribution Coverage 1.94x and Distributable…
Strategically Positioned Asset Portfolio Asset position, in every major basin provides strong growth footprint Link and lever philosophy to provide customers with greater optionality and produce stronger returns Operate assets…
Best in Class Fee-Based Cash Flows 5
Track Record of Strategic Growth and Value Creation Acquisitions / Drop Downs: acquire complimentary assets to consolidate, grow and enhance our competitive position Asset Optimization: link complementary assets to create cost and…
Undervalued vs. Peers in Multiple Metrics American Midstream is under valued by approximately 25% versus peers based on full year 2016 estimates Price to Distributable Cash Flow 15.0x 10.0x 30% Discount to Peers 2016 Avg.…
Strategic Gulf Coast Acquisition - Creates Integrated Platform Acquired 200 miles of pipelines from Chevron, including the Henry Gas Gathering System, as well as an additional 1% interest in Delta House 225 million acquisition with…
Terminal Overview Overview Growth Opportunities Overall terminal utilization of 95% with contracted, fee- Harvey based cash flows Development of 1.3 MMBbls of additional tank storage Annualized revenue growth of approximately 30% and…
Transmission Overview Current Business Growth Opportunities 2.5 Bcf/d of capacity with 1.4 Bcf/d subscribed, Growth Strategy comprised of 1,400 miles of pipeline carrying natural gas, Expand transmission assets to handle molecule…
Gathering and Processing Overview Overview Growth Opportunities Gathering positions in all major US basins with over Gathering 1,500 miles of pipe and 400 MMcf/d of throughput Increase well connectivity Solid footprint for organic…
Balance Sheet Fortification and Cash Flow Growth Maintain prudent fiscal discipline and position American Execution of Balance Sheet Management Midstream for growth Since 2013, 77% CAGR in distributable cash flow 4.4x 4.6x Since…
Compelling Total Return Investment Diversified Aligned assets across multiple geographic areas Portfolio Growth Visibility Fee-based organic growth and actively pursuing strategic Fee-based Cash 90% fee-based cash flow investment grade…
Appendix: Partnership Overview 14
Gathering and Processing Asset Overviews Pipeline Processing Design Design Longview (East Texas) Acquired October 2014 Capacity Capacity Length of Gathering system that feeds two cryogenic processing plants in Gregg County, TX System1…
Transmission Asset Overviews Approx. Pipeline Design High Point System (SE Louisiana) Capacity Length of Intrastate system connected to 75+ receipt points that collects System (MMcf/d) Pipeline (miles) natural gas from both onshore…
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 19
Appendix: Non-GAAP Financial Measures (IN MILLIONS) Three months ended June 30, 2016 2015 Reconciliation of Adjusted EBITDA to Net income (loss) attributable to the Partnership: Net income (loss) attributable to the Partnership (4,583)…
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