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Q3 2016 Earnings Conference Call – Sunoco Logistics Partners L.P.

Sunoco Logistics Partners L.P. · Nov 10, 2016 · 26 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. Q3 2016 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 1
    Sunoco Logistics Partners L.P. Third Quarter 2016 Earnings Conference Call November 10, 2016
  2. Q3 2016 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 2
    Recent SXL Highlights 906MM Adjusted EBITDA and 696MM DCF September YTD: 10% year-on-year increase despite a very challenging environment Grew results despite the loss of Red Bar opportunities Blue bar results increased 25%…
  3. Q3 2016 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 3
    Recent SXL Highlights Revised 2016 expansion capital needs of 1.0B* Strategic Permian Initiatives: 760MM acquisition of Vitols integrated crude oil business in the Midland Basin and the remaining 50% interest in SunVit Announced a…
  4. Q3 2016 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 4
    Latest EIA Weekly U.S. Crude Oil Production Data Source: Energy Information Administration 5
  5. Q3 2016 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 5
    U.S. Production Permian, Bakken, & Eagle Ford Source: Energy Information Administration 6
  6. Q3 2016 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 6
    Major Growth Initiatives Mariner South Mariner East 2 (End of 2014) (3Q 2017) Mariner Mariner East 1 Allegheny Mariner East 1 Mariner East 2 West Propane Access Ethane & Propane Expansion* (4Q 2013) (4Q 2014) (End of 1Q 2015) (1Q…
  7. Q3 2016 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 7
    Crude Projects: 9 Successful Open Seasons 3 West Texas Crude Expansions Granite Wash Extension Permian Crude to multiple markets Granite Wash Crude to multiple markets 2012 - 2014 4Q 2014 Permian Express 1 Permian Crude to…
  8. Q3 2016 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 8
    Crude Projects: 11 Successful Major Projects Bakken Pipeline Joint Venture 1Q 2017* ** Bayou Bridge Joint Venture 2Q 2016 *Expected Start-up **On August 2, 2016 the Partnership announced an agreement to sell 49% of…
  9. Q3 2016 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 9
    Acquisition of Vitols Midland Basin Crude System Midland Terminal 2 MMB total capacity (1 MMB at Vitol and 1 MMB at SunVit) 14-lane truck station Connected to Centurion Midland, Enterprise Midland, Permian Express 2 (via SunVit)…
  10. Q3 2016 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 10
    Permian Express Partners LLC Joint Venture 11
  11. Q3 2016 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 11
    Mariner Franchise: 4 Successful Open Seasons Mariner East 1 Ethane / Propane from Houston to Marcus Hook 4Q 2014** Mariner West Ethane from Houston to Sarnia 4Q 2013 Mariner South Mariner East 2 Propane / Butane from Mont…
  12. Q3 2016 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 12
    Mariner East Capacity 70 MB/D for ME 1 Initial Capacity 275 MB/D for ME 2 Connecting to 4 Fractionator Upside Capacity 800 MB/D for Mariner East Origin Locations in the Basin World-Class NGL Facility at Marcus Hook…
  13. Q3 2016 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 13
    APPENDIX
  14. Q3 2016 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 14
    SXL Q3 2016 Financial Highlights (amounts in millions) Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Sales and other operating revenue 2,189 2,407 6,234 8,181 Cost of products sold (1) 1,855…
  15. Q3 2016 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 15
    SXL Q3 2016 Financial Highlights (amounts in millions, except per unit amounts) Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Calculation of Limited Partners' interest: Net Income attributable…
  16. Q3 2016 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 16
    SXL Q3 2016 Financial Highlights (amounts in millions) Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Capital Expenditures: Expansion 427 558 1,392 1,467 Maintenance 13 18 40 49…
  17. Q3 2016 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 17
    SXL Q3 2016 Financial Highlights (amounts in millions) September 30, December 31, 2016 2015 Balance Sheet Data: Cash and cash equivalents 39 37 Debt: Revolving credit facilities 622 562 Senior Notes 5,350 4,975 Unamortized fair…
  18. Q3 2016 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 18
    SXL Non-GAAP Financial Measures (amounts in millions) Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Net Income 155 57 503 371 Interest expense, net 40 37 118 97 Depreciation and amortization…
  19. Q3 2016 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 19
    Crude Oil Segment Highlights 57% of total EBITDA for the twelve months ended December 31, 2015 Crude oil trunk and gathering lines located in the Southwest and Midwest U.S. Controlling interest in Mid-Valley (91%) Equity interest in…
  20. Q3 2016 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 20
    SXL Crude Oil Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Financial Highlights (in millions) Sales and other operating revenue 1,843 2,034 5,115 7,159 Adjusted EBITDA 165 179 503 502…
  21. Q3 2016 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 21
    Natural Gas Liquids Segment Highlights 29% of total EBITDA for the twelve months ended December 31, 2015 NGLs pipelines, primarily related to our Mariner systems in the Northeast and Southwest U.S. Marcus Hook Industrial Complex…
  22. Q3 2016 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 22
    SXL Natural Gas Liquids Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Financial Highlights (in millions) Sales and other operating revenue 148 304 577 833 Adjusted EBITDA 77 66 229 223…
  23. Q3 2016 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 23
    Refined Products Segment Highlights 14% of total EBITDA for the twelve months ended December 31, 2015 Refined products pipelines, located in the Northeast, Midwest and Southwest U.S. Controlling interest in Inland Pipeline (83.8%)…
  24. Q3 2016 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 24
    SXL Refined Products Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Financial Highlights (in millions) Sales and other operating revenue 198 69 542 189 Adjusted EBITDA 70 44 174 111 (1)…
  25. Q3 2016 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 25
    SXL Key Financial and Operating Statistics 2012 2013 2014 2015 2016 Total Total 1st 2nd 3rd 4th Total 1st 2nd 3rd 4th Total 1st 2nd 3rd Total Financial highlights (in millions) Sales and other operating revenue Crude Oil 12,526…
  26. Q3 2016 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 26
    SXL Key Financial and Operating Statistics 2012 2013 2014 2015 2016 Total Total 1st 2nd 3rd 4th Total 1st 2nd 3rd 4th Total 1st 2nd 3rd Total Reconciliation of Segment Operating Income to Net Income Attributable to Sunoco Logistics…

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