Who We Are Fee-Based Master Sponsored by Worlds Largest Limited Partnership Independent Refiner, VLO Formed in 2013 by Valero Energy VLO is general partner and majority Corporation (NYSE: VLO) owner of Valero Energy Partners LP…
Current Macro Environment SUPPLY DEMAND 1 3 Forecasted world GDP growth Abundant global supply of crude oil and natural gas 4 Demand response to lower 2 product prices North American logistics build out added efficiency…
Our Strategic Vision Generate Stable, Maintain Top-Tier Growth Profile and Predictable Cash Flows Demonstrate Financial Discipline Maintain safe and reliable Targeting annual distribution growth of 25% operations through 2017 and…
Growth-Oriented Logistics MLP with Diversified Portfolio(2), Integrated with VLOs Refining Assets IPO assets Drop downs 4 McKee Terminal April 1, 2016 - 240 mm(1) 1 Texas Crude Systems McKee, Three Rivers, Wynnewood July…
Meraux and Three Rivers Terminals Meraux and Three Rivers Terminals (9-1-16) 86 tanks with 6.2 million barrels of crude oil, intermediates, and products storage capacity Total transaction value of 325 million financed with 210…
Long Term Agreements Provide Stable and Predictable Cash Flows Pipelines 22% Terminals 78% Transportation and terminal services agreements have 10 year initial terms and five year renewal terms(1) Approximately 85% of…
Approximately 1 Billion of Estimated MLP Eligible EBITDA(2)(3) Inventory at VLO Racks, Terminals, Wholesale Fuels Pipelines(1) Rail Marine(1) and Storage(1) Marketing Over 1,200 miles of Over 70 million 5,250 purchased 51 docks…
Executing from a Position of Fundamental Strength Strategy Accomplishments since IPO Grow VLP primarily through drop downs from VLO 81% increase in quarterly cash distribution over MQD Target organic growth opportunities and…
Organizational Structure(1) Valero Energy Corporation (NYSE: VLO) 100.0% ownership interest A wholly owned subsidiary of Valero Energy Corporation Common Units Public 100.0% ownership interest Unitholders Common Units Valero…
IPO Assets and Texas Crude Systems Business IPO Assets (12-16-13) Texas Crude Systems Business (7-1-14) Port Arthur systems Pipelines, truck unloading sites, and storage Lucas crude with 1.9 million barrels of storage and two…
Houston, St. Charles, and Corpus Christi Terminals Houston and St. Charles (3-1-15) Corpus Christi (10-1-15) Crude oil, intermediates, and refined products Crude oil, intermediates, and refined products terminaling services…
McKee Terminal McKee Terminal (4-1-16) 75 tanks with 4.4 million barrels of crude oil, intermediates, and products storage capacity Total transaction value of 240 million financed with 139 million revolver borrowings, 65 million…
VLPs Strong Financial Position Provides Flexibility for Growth Flexible Funding Options for Growth Retained distributable cash flow (DCF) Strong coverage allows for distribution growth without acquisitions through 2017…
Valeros Refining and Ethanol Assets 17
Valeros Investment in Diamond Pipeline Diamond Pipeline 440 miles of 20-inch pipe (200 MBPD capacity) connecting Memphis to Cushing Received permits required to begin construction; project is on track for completion in 4Q17…
Non-GAAP Disclosures: EBITDA, Distributable Cash Flow, Distribution Coverage, and Debt-to-EBITDA VLP defines EBITDA as net income before income tax expense, interest expense, and depreciation expense. VLP defines distributable cash…
Non-GAAP Disclosures: EBITDA, Distributable Cash Flow, Distribution Coverage, and Debt-to-EBITDA VLP uses distributable cash flow to measure whether it has generated from its operations, or earned, an amount of cash sufficient to…
Non-GAAP Disclosures: EBITDA, Distributable Cash Flow, Distribution Coverage, and Debt-to-EBITDA VALERO ENERGY PARTNERS LP RECONCILIATION OF NON-GAAP MEASURES TO MOST COMPARABLE AMOUNTS REPORTED UNDER U.S. GAAP (Unaudited, in…
Non-GAAP Disclosures: EBITDA, Distributable Cash Flow, Distribution Coverage, and Debt-to-EBITDA VALERO ENERGY PARTNERS LP RECONCILIATION OF NON-GAAP MEASURES TO MOST COMPARABLE AMOUNTS REPORTED UNDER U.S. GAAP (Unaudited, in…
IR Contacts For more information, please contact: John Locke Karen Ngo Vice President, Investor Relations Manager, Investor Relations 210.345.3077 210.345.4574 john.lockevalero.com karen.ngovalero.com 23
Loading...
