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January 2017 Investor Presentation – Semgroup Corporation

Semgroup Corporation · Jan 26, 2017 · 36 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. January 2017 Investor Presentation – Semgroup Corporation – slide 1
    DRAFT Investor Presentation January 2017 Confidential
  2. January 2017 Investor Presentation – Semgroup Corporation – slide 2
    DRAFT Creating Long-Term Shareholder Value Strong balance sheet, sound business model, clear strategic growth plan Visibility to incremental secure cash flow from Maurepas Pipeline in 2017 Pursuing high-return organic growth around…
  3. January 2017 Investor Presentation – Semgroup Corporation – slide 3
    DRAFT Company Strengths Stable Cash Flows(1) Counterparty Strength(1)(2) 88% of total LTM gross margin from fixed fee based cash flows More than 70% of SemGroup's revenue is derived from 37% of total LTM gross margin secured by take…
  4. January 2017 Investor Presentation – Semgroup Corporation – slide 4
    DRAFT Crude and Gas Assets in Key Growth Areas Crude Oil 1,800 miles of crude oil pipelines 9 million barrels of crude oil storage capacity Over 250 crude oil trucks and trailers Maurepas Pipeline under construction(1) Locations:…
  5. January 2017 Investor Presentation – Semgroup Corporation – slide 5
    DRAFT Crude Business Overview DJ Basin White Cliffs Pipeline 51% ownership DJ Basin to Cushing, OK Two 527-mile, 12-inch pipelines 150,000 bpd current capacity Expanding capacity to approximately 215,000 bpd Expected 4Q 2016…
  6. January 2017 Investor Presentation – Semgroup Corporation – slide 6
    DRAFT White Cliffs Pipeline Contract & Rate Structure Committed Take or Pay Volumes Wtd. Avg. Origination Volumes (bpd) Rate (/bbl) Remaining Contract Life(1) Platteville, CO 72,000 5.20 3.3 years Healy, KS 5,000 2.09 4.8 years…
  7. January 2017 Investor Presentation – Semgroup Corporation – slide 7
    DRAFT Crude Business Overview Oklahoma/Kansas Assets Cushing Storage Glass Mountain Pipeline 50% ownership 7.6 million barrels of storage 215-mile pipeline 82% under long-term fixed fee contracts with first 140,000 bpd current…
  8. January 2017 Investor Presentation – Semgroup Corporation – slide 8
    Crude Key Performance Metrics Facilities - Cushing Storage Supply and Logistics Volumes(2) 7.6 million Barrels Capacity 250 (Thousand Barrels per Day) 8 1.3 0.7 1.6 200 6 1.4 1.4 150 5.1 4 209.8 100 191.2 198.5 206.7 6.3 5.5…
  9. January 2017 Investor Presentation – Semgroup Corporation – slide 9
    DRAFT Glass Mountain Pipeline STACK Extension SemGroup and NGL Energy Partners LP jointly own Glass Mountain Pipeline, LLC. The 215-mile-long pipeline delivers crude oil from the Mississippi Lime and Granite Wash plays to the Cushing…
  10. January 2017 Investor Presentation – Semgroup Corporation – slide 10
    DRAFT Maurepas Pipeline Overview Project Construct, own and operate three pipelines for Motiva Enterprises, LLC in St. James, LA connecting Motiva's refineries 24-inch, 34 mile crude oil pipeline connected to LOCAP, crossing the…
  11. January 2017 Investor Presentation – Semgroup Corporation – slide 11
    DRAFT Maurepas Pipeline Construction Confidential 13
  12. January 2017 Investor Presentation – Semgroup Corporation – slide 12
    DRAFT Maurepas Pipeline Area Map Confidential 14
  13. January 2017 Investor Presentation – Semgroup Corporation – slide 13
    DRAFT SemGas Natural Gas Business SemGas Areas of Operation Northern Oklahoma Average Processed Volume (mmcf/d) Located in liquids rich oil plays Four processing facilities - 595 mmcf/d of current capacity 1,000 miles of…
  14. January 2017 Investor Presentation – Semgroup Corporation – slide 14
    DRAFT SemCAMS Natural Gas Business Average Throughput Volume (mmcf/d) SemCAMS Areas of Operation 600 miles of transport and gathering lines Strong incumbent position to serve industrys growing infrastructure needs During 4Q…
  15. January 2017 Investor Presentation – Semgroup Corporation – slide 15
    DRAFT Wapiti Sour Gas Plant in the Liquids-Rich Montney Play SemCAMS uniquely advantaged, leading the way with sour gas solution in the Wapiti New 200 mmcf/d sour gas processing Wapiti plant will be integrated with our (1) existing…
  16. January 2017 Investor Presentation – Semgroup Corporation – slide 16
    DRAFT 2016 Capital Expenditures Updated Guidance 2016 Capital Expenditures 350 million 100 million reduction due to timing of Maurepas Pipeline Key Committed Projects 5 55 Crude Projects 1% 16% Maurepas Pipeline (expected…
  17. January 2017 Investor Presentation – Semgroup Corporation – slide 17
    DRAFT Third Quarter 2016 Results 3Q 2016(1) 2Q 2016 1Q 2016 Net Income (7.4) million 8.0 million (15.3) million Adjusted EBITDA(2) 71.3 million 67.6 million 77.7 million Dividend per share 0.45 0.45 0.45 SEMG Adjusted EBITDA (in…
  18. January 2017 Investor Presentation – Semgroup Corporation – slide 18
    DRAFT Third Quarter 2016 Results As Reported (in millions, excluding EPS, unaudited) 3Q 2016 2Q 2016 1Q 2016 Net income attributable to SemGroup (7.4) 8.0 (15.3) Net income per share - diluted (0.14) 0.18 (0.35) EBITDA(1) 50.7…
  19. January 2017 Investor Presentation – Semgroup Corporation – slide 19
    DRAFT Leverage & Liquidity (in millions, unaudited) September 30, 2016 1 billion revolver - 2021 0.0 7.500% Senior unsecured notes - 2021 300.0 5.625% Senior unsecured notes - 2022 400.0 5.625% Senior unsecured notes - 2023…
  20. January 2017 Investor Presentation – Semgroup Corporation – slide 20
    DRAFT A Look Ahead High Return Growth Focus on Portfolio Strong Balance Dividend Growth Projects & Strategic Balance and Secure Sheet Beyond 2016 Acquisitions Cash Flows Confidential 22
  21. January 2017 Investor Presentation – Semgroup Corporation – slide 21
    DRAFT APPENDIX Confidential
  22. January 2017 Investor Presentation – Semgroup Corporation – slide 22
    DRAFT Consolidated Balance Sheets (in thousands, unaudited, condensed) September 30, December 31, 2016 2015 ASSETS Current assets 612,484 480,381 Property, plant and equipment, net 1,696,010 1,566,821 Goodwill and other intangible…
  23. January 2017 Investor Presentation – Semgroup Corporation – slide 23
    DRAFT Consolidated Statements of Operations and Comprehensive Income (in thousands, except per share amounts, unaudited, condensed) Three Months Ended Nine Months Ended September 30, June 30, September 30, 2016 2015 2016 2016 2015…
  24. January 2017 Investor Presentation – Semgroup Corporation – slide 24
    DRAFT Non-GAAP Adjusted EBITDA Calculation (in thousands, unaudited) Three Months Ended Nine Months Ended September 30, June 30, September 30, Reconciliation of net income to Adjusted EBITDA: 2016 2015 2016 2016 2015 Net income…
  25. January 2017 Investor Presentation – Semgroup Corporation – slide 25
    DRAFT Non-GAAP Financial Data Reconciliations Crude - Transportation Segment (in thousands, unaudited) Three Months Ended Nine Months Ended September 30, June 30, September 30, 2016 2015 2016 2016 2015 Net income 13,054 12,120…
  26. January 2017 Investor Presentation – Semgroup Corporation – slide 26
    DRAFT Non-GAAP Financial Data Reconciliations Crude - Facilities Segment (in thousands, unaudited) Three Months Ended Nine Months Ended September 30, June 30, September 30, 2016 2015 2016 2016 2015 Net income 7,692 7,633 7,450…
  27. January 2017 Investor Presentation – Semgroup Corporation – slide 27
    DRAFT Non-GAAP Financial Data Reconciliations Crude - Supply and Logistics Segment (in thousands, unaudited) Three Months Ended Nine Months Ended September 30, June 30, September 30, 2016 2015 2016 2016 2015 Net income (loss)…
  28. January 2017 Investor Presentation – Semgroup Corporation – slide 28
    DRAFT Non-GAAP Financial Data Reconciliations SemGas Segment (in thousands, unaudited) Three Months Ended Nine Months Ended September 30, June 30, September 30, 2016 2015 2016 2016 2015 Net income (loss) 3,763 4,754 (321) (10,027)…
  29. January 2017 Investor Presentation – Semgroup Corporation – slide 29
    DRAFT Non-GAAP Financial Data Reconciliations SemCAMS Segment (in thousands, unaudited) Three Months Ended Nine Months Ended September 30, June 30, September 30, 2016 2015 2016 2016 2015 Net income 5,006 2,119 2,021 9,783 4,233…
  30. January 2017 Investor Presentation – Semgroup Corporation – slide 30
    DRAFT Non-GAAP Financial Data Reconciliations SemLogistics Segment (in thousands, unaudited) Three Months Ended Nine Months Ended September 30, June 30, September 30, 2016 2015 2016 2016 2015 Net income (loss) 948 (1,077) (1,447)…
  31. January 2017 Investor Presentation – Semgroup Corporation – slide 31
    DRAFT Non-GAAP Financial Data Reconciliations SemMaterials Mxico Segment (in thousands, unaudited) Three Months Ended Nine Months Ended September 30, June 30, September 30, 2016 2015 2016 2016 2015 Net income 1,491 2,473 1,187 3,374…
  32. January 2017 Investor Presentation – Semgroup Corporation – slide 32
    DRAFT Non-GAAP Financial Data Reconciliations Corporate & Other Segment (in thousands, unaudited) Three Months Ended Nine Months Ended September 30, June 30, September 30, 2016 2015 2016 2016 2015 Net loss (35,846) (28,658) (16,126)…
  33. January 2017 Investor Presentation – Semgroup Corporation – slide 33
    DRAFT 2016 Adjusted EBITDA Guidance (in millions, unaudited) 2016 Guidance Mid-point Net income(1) 34.0 Add: Interest expense 83.0 Add: Income tax expense 10.0 Add: Depreciation and amortization 126.0 EBITDA 253.0 Selected…
  34. January 2017 Investor Presentation – Semgroup Corporation – slide 34
    DRAFT Reconciliation of Net Income to Adjusted EBITDA (in thousands, unaudited) Three Months Ended March 31, 2016 Crude - Crude - Crude - Supply and Corporate and Transportation Facilities Logistics SemCAMS SemLogistics SemMexico…
  35. January 2017 Investor Presentation – Semgroup Corporation – slide 35
    DRAFT Reconciliation of Net Income to Adjusted EBITDA (in thousands, unaudited) Year Ended December 31, 2015 Crude - Crude - Crude - Supply and Corporate and Transportation Facilities Logistics SemCAMS SemLogistics SemMexico SemGas…
  36. January 2017 Investor Presentation – Semgroup Corporation – slide 36
    DRAFT Reconciliation of Net Income to Adjusted EBITDA (in thousands, unaudited) Year Ended December 31, 2014 Crude - Crude - Crude - Supply and Corporate and Transportation Facilities Logistics SemCAMS SemLogistics SemMexico SemGas…

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