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Barclays Conference 2017 – NGL Energy Partners Lp

NGL Energy Partners Lp · Feb 28, 2017 · 33 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. Barclays Conference 2017 – NGL Energy Partners Lp – slide 1
    Investor Deck February 2017
  2. Barclays Conference 2017 – NGL Energy Partners Lp – slide 2
    NGL Energy Partners LP Overview 3
  3. Barclays Conference 2017 – NGL Energy Partners Lp – slide 3
    Business Overview NGL Energy Partners LP Refined Products/ Crude Logistics Water Solutions Liquids Retail Propane Renewables Blending and Wholesale Crude Oil Volumes and Water Volumes and Primary Drivers: Butane/Propane…
  4. Barclays Conference 2017 – NGL Energy Partners Lp – slide 4
    Diversified Across Multiple Businesses and Producing Basins Bakken Shale Marcellus Shale Green River Basin Pinedale Anticline DJ Basin Jonah Field Niobrara Shale Wattenberg Field Mississippi Lime Granite…
  5. Barclays Conference 2017 – NGL Energy Partners Lp – slide 5
    Segment for Positioned Contribution growth with a strong balance sheet Business Update Balance Sheet Highlights Market cap: 3.03bn (23.20 per unit on 2/22/17 and 240mm in preferred equity) 1 2 3 4 Grand Mesa Operational 11/1/16…
  6. Barclays Conference 2017 – NGL Energy Partners Lp – slide 6
    Segment Grand Mesa Contribution Pipeline Grand Mesa Pipeline delivers crude oil from the DJ Basin to DJ Cushing, OK with origin points located in Weld County at Basin Lucerne and Riverside, Colorado Platteville to Cushing pipeline…
  7. Barclays Conference 2017 – NGL Energy Partners Lp – slide 7
    Segment STACK Extension Contribution / Murphy Energy Asset Purchase Glass Mountain Pipeline is a joint venture owned equally with SemGroup Corporation. The current pipeline is 215 miles long and delivers crude oil from the…
  8. Barclays Conference 2017 – NGL Energy Partners Lp – slide 8
    NGL Operational Business Assumptions Strategy Transport crude oil from the wellhead to refiners Build a Diversified Refined Products from refiners to customers Vertically Integrated Wastewater from the wellhead to treatment for…
  9. Barclays Conference 2017 – NGL Energy Partners Lp – slide 9
    Operating Segments 10
  10. Barclays Conference 2017 – NGL Energy Partners Lp – slide 10
    Segment Crude OilContribution Logistics Overview Area of Operation Purchases and transports crude oil for resale to a pipeline injection point, storage terminal, barge loading facility, rail facility, refinery or trade hub Provides…
  11. Barclays Conference 2017 – NGL Energy Partners Lp – slide 11
    Segment Crude OilContribution Logistics Adjusted EBITDA (In Millions) Crude BBLs/Day (In Thousands) 150 400 100 300 73 230 217 (1) 65-75 184 61 200 50 126 28 100 - 0 FY 2014 FY 2015 FY 2016 FY 2017E FY 2014 FY 2015 FY…
  12. Barclays Conference 2017 – NGL Energy Partners Lp – slide 12
    Segment Water Solutions Contribution Overview Area of Operation Provides services for the treatment, processing, and disposal of Rig Count Summary(1) wastewater, and solids generated from oil and natural gas production Increase in…
  13. Barclays Conference 2017 – NGL Energy Partners Lp – slide 13
    Segment Water Solutions Contribution Adjusted EBITDA (In Millions) Water Disposal BBLs/Day (In Thousands) 150 570 585 126 600 500 443 100 400 68 71 65-70 300 207 50 200 100 - 0 FY 2014 FY 2015 FY 2016 FY 2017E FY 2014 FY…
  14. Barclays Conference 2017 – NGL Energy Partners Lp – slide 14
    Segment Contribution Liquids Overview Area of Operation Transports, stores, and markets NGLs to and from refiners, gas processors, propane wholesalers, propane retailers, proprietary terminals, petrochemical plants, diluent markets…
  15. Barclays Conference 2017 – NGL Energy Partners Lp – slide 15
    Segment Contribution Liquids Adjusted EBITDA (In Millions) Propane & Other NGLs GALs/Day (In Thousands) 150 4,000 3,522 3,261 3,400 3,425 101 3,000 87 93 85-90 2,306 100 2,155 2,262 1,942 2,000 50 1,000 - 0 FY 2014 FY 2015…
  16. Barclays Conference 2017 – NGL Energy Partners Lp – slide 16
    Segment Retail Propane Contribution Overview Area of Operation Sells propane and distillates to end-users consisting of residential, agricultural, commercial and industrial customers 6th Largest Retail Propane business in the United…
  17. Barclays Conference 2017 – NGL Energy Partners Lp – slide 17
    Segment Retail Propane Contribution Adjusted EBITDA (In Millions) Propane & Distillate GALs/Day (In Thousands) 150 500 464 470 1.50 445 416 105 400 1.08 97 0.96 0.98 91 0.93 100 1.00 79 300 0.59 0.53 0.54 0.51 200 50 0.50…
  18. Barclays Conference 2017 – NGL Energy Partners Lp – slide 18
    SegmentProducts/Renewables Refined Contribution Overview Area of Operation Purchase refined petroleum products primarily in the Gulf Coast, Southeast, and Midwest regions of the United States and schedule them for delivery primarily…
  19. Barclays Conference 2017 – NGL Energy Partners Lp – slide 19
    SegmentProducts/Renewables Refined Contribution Adjusted EBITDA (In Millions) Refined Products/Renewables BBLs/Day (In Thousands) 175 160 300 (1) 270 265 134 140 200 186 105 79 70 100 35 27 8 10 15 16 16 - 0 FY 2014 FY…
  20. Barclays Conference 2017 – NGL Energy Partners Lp – slide 20
    Financial Overview 21
  21. Barclays Conference 2017 – NGL Energy Partners Lp – slide 21
    Financial Objectives The Partnership has made significant strides and will continue to Strong Balance pursue a flexible balance sheet with a leverage target of less than Sheet 3.25x on a compliance basis Goal of achieving investment…
  22. Barclays Conference 2017 – NGL Energy Partners Lp – slide 22
    NGL Finance Goals and Achievements 1) Reduce Committed Capital Expenditure Requirements 2) Strengthen Balance Sheet 3) Lower Current Cost of Capital Including Lower Debt and Common Unit Yields 4) Enhance Liquidity Retired 100…
  23. Barclays Conference 2017 – NGL Energy Partners Lp – slide 23
    Performance Metrics (1) Adjusted EBITDA (In Millions) Acquisition, Growth and Maintenance Capex (In Millions) 1,269 485 443 424 961 271 600 491 184 310 133 160 138 165 5914 32 35 30 35 24 FY 2013 FY 2014 FY 2015 FY2016…
  24. Barclays Conference 2017 – NGL Energy Partners Lp – slide 24
    Cash FiscalFlow YearStability 2018 Fee-based EBITDA NGL Energy Partners LP Fee-Based Commodity 26% 74% Crude Logistics Water Solutions Liquids Retail Propane Refined Products / 0% Renewables 10% 27% 35% 51%…
  25. Barclays Conference 2017 – NGL Energy Partners Lp – slide 25
    Credit Profile Debt Maturities and Balances Pro-Forma (In Millions) Balance Sheet Summary (In Thousands) 1,800 1,500 This 12/31/2016 3/31/2016 Change is 1,200 tied Cash and Equivalents 28,927 28,176 751 out Other Current Assets…
  26. Barclays Conference 2017 – NGL Energy Partners Lp – slide 26
    NGL KeyOperational Assumptions Investment Highlights Multiple business segments with significant geographic diversity reduce cash flow volatility Diversified and Presence in the highest rate of return oil & gas producing regions in…
  27. Barclays Conference 2017 – NGL Energy Partners Lp – slide 27
    Appendix 28
  28. Barclays Conference 2017 – NGL Energy Partners Lp – slide 28
    3rd Quarter Update Segment Summary Quarterly Summary Performance (s In Millions) Refined Products/Renewables continues to outperform expectations driven by growth in motor fuels demand 3Q '17 3Q '16 % Variance Total Volume (In…
  29. Barclays Conference 2017 – NGL Energy Partners Lp – slide 29
    NGL Organizational Chart Members 100% NGL Energy Holdings LLC 120,179,407 C.U. Outstanding Limited Partners G.P. (DE LLC) 0.1% GP Interest 99.9% LP Interest IDRs NGL Energy Partners LP (NYSE: NGL) (DE LP) 100% NGL…
  30. Barclays Conference 2017 – NGL Energy Partners Lp – slide 30
    3Q17 Adjusted EBITDA Walk As Restated(1) As Restated(1) Three Months Ended December 31, Nine Months Ended December 31, 2016 2015 2016 2015 (in thousands) (in thousands) Net income 1,293 50,995 117,388 19,888 Less: Net income…
  31. Barclays Conference 2017 – NGL Energy Partners Lp – slide 31
    3Q17 & 3Q16 Adjusted EBITDA by Segment Three Months Ended December 31, 2016 Refined Products Crude Oil Water Retail and Corporate Logistics Solutions Liquids Propane Renewables and Other Consolidated (in thousands) Operating income…
  32. Barclays Conference 2017 – NGL Energy Partners Lp – slide 32
    3Q17 & 3Q16 YTD Adjusted EBITDA by Segment Nine Months Ended December 31, 2016 Refined Products Crude Oil Water Retail and Corporate Logistics Solutions Liquids Propane Renewables and Other Consolidated (in thousands) Operating…
  33. Barclays Conference 2017 – NGL Energy Partners Lp – slide 33
    FY16 Adjusted EBITDA by Segment (1) Year Ended March 31, 2016 Refined Products Crude Oil Water Retail and Corporate Logistics Solutions Liquids Propane Renewables and Other Consolidated (in thousands) Operating income (loss)…

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