Skip to main content UBS MLP Conference – American Midstream Partners Lp Investor Presentation | Shale Experts
Loading...
Pm

UBS MLP Conference – American Midstream Partners Lp

American Midstream Partners Lp · Jan 10, 2017 · 34 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. UBS MLP Conference – American Midstream Partners Lp – slide 1
    Investor Presentation UBS MLP Conference January 10 & 11, 2017
  2. UBS MLP Conference – American Midstream Partners Lp – slide 2
    American American American Midstream Midstream Midstream Legal Disclaimer Overview Overview Overview American Midstream Partners, LP Key Business Highlights ( millions except unit) Market capitalization 569 Third quarter 2016…
  3. UBS MLP Conference – American Midstream Partners Lp – slide 3
    AMID has Stable, Fee-based Cash Flow 92% of gross margin expected to be derived from fee-based and fixed-margin contracts, minimizing direct commodity exposure Cash flow supported by significant acreage / life-of- lease dedications…
  4. UBS MLP Conference – American Midstream Partners Lp – slide 4
    American Midstream / JP Energy Transaction Overview
  5. UBS MLP Conference – American Midstream Partners Lp – slide 5
    Transaction at a Glance AMID to issue units to JPEP unitholders at 0.5775x exchange ratio Transaction Overview Management Other AMID units issued to JPEP public unitholders ArcLight & Affiliates Investors at 0.5775x:1 exchange…
  6. UBS MLP Conference – American Midstream Partners Lp – slide 6
    Increase Scale & Diversification Larger scale grows our opportunity in the market Enhancing Our Competitive Position Through Scale Significantly expands company size and service offerings - 185 million expected pro-forma 2016 Adjusted…
  7. UBS MLP Conference – American Midstream Partners Lp – slide 7
    Leverage Complementary Assets A clear strategy for midstream opportunities across the value chain Develop Commercial and Participate in Entire Value Extend Customer Reach Acquisition Opportunities Chain Enhance critical mass with…
  8. UBS MLP Conference – American Midstream Partners Lp – slide 8
    AMID and JPEP Partnership Overview Diversification and integration along midstream value chain maximizes molecular control Deep-water and shallow-water Gulf of Mexico and Gulf Coast natural gas, crude oil, NGL and saltwater 2016E…
  9. UBS MLP Conference – American Midstream Partners Lp – slide 9
    A Merger of Growth and Diversification AMID and JPEP to merge, creating a diversified midstream partnership AMID and JPEP have executed a merger agreement, whereby AMID will merge with JPEP in a unit-for-unit exchange Transformational…
  10. UBS MLP Conference – American Midstream Partners Lp – slide 10
    Strategically Located Assets Strong asset footprint in leading basins: Permian, Eagle Ford, Bakken, East Texas and Gulf Coast 11 11
  11. UBS MLP Conference – American Midstream Partners Lp – slide 11
    Track Record of Tactical Growth at Attractive Multiples High Point System MPOG Delta House Delta House Concurrent with Acquisition of 66.7% Drop-down of 12.9% Drop-down of incremental ArcLights purchase of interest in offshore crude…
  12. UBS MLP Conference – American Midstream Partners Lp – slide 12
    Strategic Asset Portfolio
  13. UBS MLP Conference – American Midstream Partners Lp – slide 13
    AMIDs Integrated Gulf of Mexico Platform Integrated midstream platform focused on the Deepwater Gulf of Mexico (Mississippi Canyon, Viosca Knoll and Main Pass) Ability to interconnect with various AMID systems located in the shallow…
  14. UBS MLP Conference – American Midstream Partners Lp – slide 14
    Gulf of Mexico Development Activity Approximately 40% of active Gulf of Mexico rigs are near AMIDs assets in the Mississippi Canyon Companies are citing break-even economics…
  15. UBS MLP Conference – American Midstream Partners Lp – slide 15
    Delta House Overview Fee-based, semi-submersible floating production system and associated oil and gas export pipelines located in the highly prolific Mississippi Canyon region (MC254) of the deepwater Gulf of Mexico Operated by…
  16. UBS MLP Conference – American Midstream Partners Lp – slide 16
    Integrated Deepwater Gulf of Mexico Platform Deepwater Systems AMID Receipt Points Development Activity Asset Ownership Asset Type Mileage Capacity Destin Pipeline Recently Completed Platform / Interconnect Operator Block Field Onstream…
  17. UBS MLP Conference – American Midstream Partners Lp – slide 17
    Onshore G&P Overview Business Overview Assets located in some of the most prolific producing basins including the Permian, Cotton Valley / Haynesville, Eagle Ford and Bakken Over 1,565 miles of high- and low-pressure natural gas and…
  18. UBS MLP Conference – American Midstream Partners Lp – slide 18
    Expanding Permian Position Silver Dollar Pipeline Silver Dollar Pipeline 157-mile, crude oil gathering system with 130 MBbl/d of throughput capacity and 140 MBbls of storage capacity Serves production from the Spraberry and Wolfcamp…
  19. UBS MLP Conference – American Midstream Partners Lp – slide 19
    East Texas Capturing the Full Value Chain Longview & Chapel Hill Gas Processors Producers Process for over 30 rich and lean gas producers Truck and rail Truck and rail Over 50 truck NGL supply sources Off and Rail terminal…
  20. UBS MLP Conference – American Midstream Partners Lp – slide 20
    Transmission Overview Business Overview Transmission assets supply natural gas to industrial end-users, local distribution companies, municipalities, power plants and other interstate pipelines throughout TENNESSEE Alabama,…
  21. UBS MLP Conference – American Midstream Partners Lp – slide 21
    Terminals Asset Overview Business Overview Strategically located storage terminals in key demand markets, primarily serving local refiners and chemical manufacturers 6.7 MMBbls of above-ground liquids storage capacity across 6 terminal…
  22. UBS MLP Conference – American Midstream Partners Lp – slide 22
    Harvey Organic Growth Project Harvey Terminal Summary Currently 1.1 MMBbls of storage capacity, with a utilization rate of greater than 98% Steady demand for storage capacity in the Port of New Orleans Well-positioned on the…
  23. UBS MLP Conference – American Midstream Partners Lp – slide 23
    Financial Strength
  24. UBS MLP Conference – American Midstream Partners Lp – slide 24
    Conservative Financial Profile 1 Target long-term leverage of 3.5x and Adjusted EBITDA 1 liquidity of 250+ million ( in millions) 250 225 Synergies 2 10 Potential non-core asset sales further 200 JPEP enhance liquidity 50 AMID…
  25. UBS MLP Conference – American Midstream Partners Lp – slide 25
    Financial Strategy Designed for Growth Pro forma for JP Energy merger, additional 6.2% interest in Delta House and Series D preferred Leverage issuance, net leverage would be approximately 3.8x Long-term target leverage of 3.5x Pro…
  26. UBS MLP Conference – American Midstream Partners Lp – slide 26
    Demonstrated Support from Strategic Sponsor ArcLight Capital Partners, LLC is a leading energy-focused investment firm formed in 2001 29-person investment team that targets midstream, power and production opportunities with…
  27. UBS MLP Conference – American Midstream Partners Lp – slide 27
    Appendix: Partnership Overview
  28. UBS MLP Conference – American Midstream Partners Lp – slide 28
    Offshore Assets (1) High Point Quivira / Burns Point Destin & Okeanos Delta House Main Pass Oil American Panther Product Gas Gas Gas Oil & Gas Oil Oil & Gas Quivira 100.0% Destin 49.7% Ownership 100.0% 20.1% 66.7% 60.0% Burns Point…
  29. UBS MLP Conference – American Midstream Partners Lp – slide 29
    Onshore G&P Assets Eagle Ford East Texas Bakken Permian Gulf Coast Product Gas Gas, NGLs, Condensate Oil Gas, NGLs, Condensate Gas, NGLs, Condensate 70 MMcf/d gas processing, 40 MMcf/d gas processing, 25 MMcf/d gas processing,…
  30. UBS MLP Conference – American Midstream Partners Lp – slide 30
    Terminals Asset Overview AMID Quarterly Terminal Utilization JPEP Quarterly Terminal & Storage Throughput 1 94% 95% 100 2,750 87% 89% 88% 100% 84% 2,200 118 80% 80 133 67 61 Utilization (%) 56 59 59 56 MBbls/d 1,650…
  31. UBS MLP Conference – American Midstream Partners Lp – slide 31
    Transmission Assets & Organic Growth Projects High Point Midla/MLGT AlaTenn/Bamagas/TriGas Magnolia Onshore and Offshore Southeast Location Louisiana and Mississippi North Alabama South Alabama Louisiana Product Natural gas Natural…
  32. UBS MLP Conference – American Midstream Partners Lp – slide 32
    Legal Gulf Disclaimer 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…
  33. UBS MLP Conference – American Midstream Partners Lp – slide 33
    Appendix: Non-GAAP Financial Measures AMID Compliance EBITDA Reconciliation ( in thousands) Year Ended Nine Months Ended LTM 12/31/2015 9/30/2015 9/30/2016 9/30/2016 Reconciliation of Net income (loss) attributable to the Partnership…
  34. UBS MLP Conference – American Midstream Partners Lp – slide 34
    Appendix: Non-GAAP Financial Measures JPEP Adjusted EBITDA Reconciliation ( in thousands) Twelve Months Ended Nine Months Ended LTM 12/31/2013 12/31/2014 12/31/2015 9/30/2015 9/30/2016 9/30/2016 Net Loss (14,221) (53,023) (58,656)…

From the store

Browse maps, data & reports in the Shale Experts store