Barclays CEO Energy-Power Conference September 7, 2016
ORGANIZATIONAL OVERVIEW Buckeye owns and operates a diversified network of integrated assets providing midstream logistic solutions generating stable and consistent cash flows LTM Adjusted EBITDA(1) - 949.9 million BPL LTM Unit…
RECENT DEVELOPMENTS AND QUARTERLY HIGHLIGHTS Buckeye reported last twelve months coverage of 1.08x(1) All segments contributed to 24% increase in Quarterly Adjusted EBITDA Growth Adjusted EBITDA quarter over quarter 256.6…
LOOKING FORWARD Expect to maintain quarterly distribution Strong balance sheet with sufficient liquidity to fund growth of 0.0125 per quarter for 2016 capital needs without accessing capital markets Buckeye has limited commodity…
SYSTEM MAP Chicago Complex NY Harbor Caribbean Geographically Diversified Gulf Coast Four Buckeye Hubs 6
TRANSFORMATION SINCE 2010 Significant Geographic Diversification From Global Marine Terminals Segment Provides Acquisitions Significant Diversification in Adjusted EBITDA(1) Invested over 7 Billion in Acquisitions and Internal…
DIVERSIFICATION 0%DRIVES STABILITY 3% Diversified portfolio generates stable, fee-based cash flows; 95% of our June 30 YTD Adjusted EBITDA was fee-based PRODUCT DIVERSIFICATION 2010 Refined(1) 2016(3) Buckeye Texas Partners 3%…
BUCKEYE TEXAS PARTNERS Provides substantial logistics, processing and Assets are fully supported by minimum volume handling capabilities as an unparalleled commitments and take-or-pay contracts with midstream platform in the Gulf…
GROWTH CAPITAL PROJECTS Expect to invest 300-340 million in growth capital DOMESTIC PIPELINES & TERMINALS GLOBAL MARINE TERMINALS oProjects to address the west to east market shift as Corpus Christi refiners look for alternatives to…
WEST TO EAST MARKET SHIFT Buckeye expects to benefit from offering advantaged Midwestern refiners further transportation options to eastern markets Michigan/Ohio Expansion Phase One West versus East Gasoline Pricing Differential(1)…
FINANCIAL OVERVIEW
FINANCIAL PERFORMANCE Adjusted EBITDA (in millions)(1)(2) Cash Distribution Coverage Ratio(1)(2)(3) Cash Distributions per Unit Declared(2) Debt to Adjusted EBITDA Ratio(2) (1) 2013 and 2014 amounts represent Adjusted EBITDA…
INVESTMENT SUMMARY Diverse portfolio of assets built through acquisitions and internal investment that deliver stable financial results despite volatile and depressed commodity price environment oPredominantly fee-based cash flows…
NON-GAAP RECONCILIATIONS
NON-GAAP FINANCIAL MEASURES Adjusted EBITDA and distributable cash flow are measures not defined by GAAP. Adjusted EBITDA is the primary measure used by our senior management, including our Chief Executive Officer, to (i) evaluate our…
Loading...
