Annual Meeting of Limited Partners Houston, TX June 6, 2017
SAFETY COMMITMENT Think Safe, Work Safe, Leave Safe Buckeye is fully committed to the safety of our employees, contractors and the communities in which we operate Safety Success Story Hurricane Matthew Our preparation before the…
PEOPLE COMMITMENT BEST IN CLASS To put it simply, we want to be best in class in the eyes of our customers, the communities we serve, our regulators and our investors. These are the core principles that we believe differentiate…
CONTINUOUS IMPROVEMENT PERFORMANCE ASSURANCE & ASSET INTEGRITY Driving operational excellence through best practices initiatives o Developing a Buckeye Management System which will holistically advance, continuously improve and…
ENVIRONMENTAL STEWARDSHIP Increasing operational efficiencies while reducing resource usage oElectric power efficiency initiatives oContinued use of drag reduction agents reduces electricity use oSolar energy farms return power…
ORGANIZATIONAL OVERVIEW Buckeye owns and operates a diversified network of integrated assets providing midstream logistic solutions, which generate stable and consistent cash flows Domestic Pipelines & Terminals 2016 Highlights One of…
RECENT DEVELOPMENTS AND QUARTERLY HIGHLIGHTS Buckeye reported last twelve months distribution coverage of 1.08x(1) Domestic Pipelines & Terminals LTM Adjusted EBITDA(1) - 1.1 billion oStrong contributions from growth capital…
SYSTEM MAP Chicago Complex NY Harbor Geographically Diversified Four key Buckeye Hubs plus Gulf Coast Caribbean 50% interest in VTTI B.V.s global footprint Copyright 2017 Buckeye Partners, L.P. 9
TRANSFORMATION SINCE 2010 Significant Geographic Diversification From Global Marine Terminals Segment Provides Acquisitions Significant Diversification in Adjusted EBITDA(1) o Acquired over 75 domestic and international terminals with…
DIVERSIFICATION DRIVES STABILITY 0% 3% Diversified portfolio generates stable, fee-based cash flows; 96% of our March 31 YTD Adjusted EBITDA was fee-based PRODUCT DIVERSIFICATION 2010 Refined(1) 2017(3) 3% Crude Oil/Condensate…
VTTI B.V. ACQUISITION OVERVIEW Transaction Overview Transaction Structure o Buckeye has acquired 50% of the equity interest in VTTI B.V. (VTTI) from Vitol for 1.15 billion o VTTI, based in the Netherlands, is an independent 50% 50%…
VTTI B.V. MERGER BUYOUT OF MLP PUBLIC UNITHOLDERS o In March 2017, VTTI B.V. announced a proposal to acquire all of the publicly held common units of VTTI Energy Partners LP o Entered into a definitive merger agreement on May 8,…
GROWTH CAPITAL PROJECTS DEVELOPMENT OF SOUTH TEXAS GATEWAY DISTRIBUTION CAPABILITIES o Preparing for open season in connection with construction of a 600-mile long-haul pipeline with origination points in Wink, Midland and Crane,…
GROWTH CAPITAL PROJECTS MICHIGAN/OHIO EXPANSION Michigan/Ohio Expansion Phase One Michigan/Ohio Expansion Benefits oMechanical completion accomplished in Q3 2016; oMidwest refineries have been steadily increasing ramping up service…
INVESTMENT SUMMARY Diverse portfolio of assets built through acquisitions and internal investment that deliver stable financial results despite volatile and depressed commodity price environment oPredominantly fee-based cash flows…
APPENDIX
FINANCIAL PERFORMANCE Adjusted EBITDA (in millions)(1)(2) Cash Distribution Coverage Ratio(1)(2)(3) Cash Distributions per Unit Declared(2) Debt to Adjusted EBITDA Ratio(2) (1) 2013 and 2014 amounts represent Adjusted EBITDA…
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