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UBS Conference – NGL Energy Partners Lp

NGL Energy Partners Lp · Jan 6, 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. UBS Conference – NGL Energy Partners Lp – slide 1
    UBS Conference January 2017
  2. UBS Conference – NGL Energy Partners Lp – slide 2
    NGL Energy Partners LP Overview 3
  3. UBS Conference – 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. UBS Conference – 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. UBS Conference – NGL Energy Partners Lp – slide 5
    Segment for Positioned Contribution growth with a well-capitalized balance sheet Business Update Balance Sheet Highlights Market cap: 2.51bn (21.15 per unit on 1/3/17 and 240mm in preferred equity) 1 2 3 4 FY 2017E compliance…
  6. UBS Conference – 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. UBS Conference – 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. UBS Conference – 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. UBS Conference – NGL Energy Partners Lp – slide 9
    Operating Segments 10
  10. UBS Conference – 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. UBS Conference – NGL Energy Partners Lp – slide 11
    Segment Crude OilContribution Logistics Adjusted EBITDA (In Millions) Crude BBLs/Day (In Thousands) 150 400 100 90-100 300 73 230 217 (1) 61 184 200 50 126 28 100 - 0 FY 2014 FY 2015 FY 2016 FY 2017E FY 2014 FY 2015 FY…
  12. UBS Conference – 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. UBS Conference – 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 75 400 68 71 300 207 50 200 100 - 0 FY 2014 FY 2015 FY 2016 FY 2017E FY 2014 FY…
  14. UBS Conference – 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. UBS Conference – 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 90 2,306 100 2,155 2,262 1,942 2,000 50 1,000 - 0 FY 2014 FY 2015 FY…
  16. UBS Conference – 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. UBS Conference – 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. UBS Conference – 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. UBS Conference – NGL Energy Partners Lp – slide 19
    SegmentProducts/Renewables Refined Contribution Adjusted EBITDA (In Millions) Refined Products/Renewables BBLs/Day (In Thousands) 150 150 300 (1) 134 270 265 100 200 186 79 50 100 8 27 15 16 16 10 - 0 FY 2014 FY 2015 FY…
  20. UBS Conference – NGL Energy Partners Lp – slide 20
    Financial Overview 21
  21. UBS Conference – 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. UBS Conference – 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. UBS Conference – NGL Energy Partners Lp – slide 23
    Performance Metrics (1) Adjusted EBITDA (In Millions) Acquisition, Growth and Maintenance Capex (In Millions) 1,269 485-500 443 424 961 271 600 491 184 299 133 160 138 114 5914 32 35 30 35 24 FY 2013 FY 2014 FY 2015…
  24. UBS Conference – NGL Energy Partners Lp – slide 24
    Credit Profile Debt Maturities and Balances Pro-Forma (In Millions) Balance Sheet Summary (In Thousands) 1,500 1,335 9/30/2016 3/31/2016 Change Cash and Equivalents 23,427 28,176 (4,749) 1,000 Other Current Assets 1,226,872 1,000,304…
  25. UBS Conference – NGL Energy Partners Lp – slide 25
    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…
  26. UBS Conference – NGL Energy Partners Lp – slide 26
    Appendix 27
  27. UBS Conference – NGL Energy Partners Lp – slide 27
    2nd Quarter Update Segment Summary Quarterly Summary Performance (s In Millions ) Refined Products/Renewables continues to outperform expectations driven 2Q '17 2Q '16 % Variance by growth in motor fuels demand Total Volume (In…
  28. UBS Conference – NGL Energy Partners Lp – slide 28
    NGL Revolving Credit Commitments Working Capital Acquisition Total Lender Commitment (1) Commitment (1) Commitment Deutsche Bank AG 84,636,602 117,863,398 202,500,000 8.15% Royal Bank of Canada 84,636,602 117,863,398 202,500,000 8.15%…
  29. UBS Conference – NGL Energy Partners Lp – slide 29
    NGL Organizational Chart Members 100% NGL Energy Holdings LLC 107,454,272 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. UBS Conference – NGL Energy Partners Lp – slide 30
    2Q17 Adjusted EBITDA Walk As Restated (1) As Restated (1) Three Months Ended September 30, Six Months Ended September 30, 2016 2015 2016 2015 (in thousands) (in thousands) Net (loss) income (66,658) (6,100) 116,095 (31,107) Less:…
  31. UBS Conference – NGL Energy Partners Lp – slide 31
    2Q17 & 2Q16 Adjusted EBITDA by Segment Three Months Ended September 30, 2016 Refined Products Crude Oil Water Retail and Corporate Logistics Solutions Liquids Propane Renewables and Other Consolidated (in thousands) Operating…
  32. UBS Conference – NGL Energy Partners Lp – slide 32
    2Q17 & 2Q16 YTD Adjusted EBITDA by Segment Six Months Ended September 30, 2016 Refined Products Crude Oil Water Retail and Corporate Logistics Solutions Liquids Propane Renewables and Other Consolidated (in thousands) Operating…
  33. UBS Conference – 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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