TEXT GOES HERE SUBTEXT IS PLACED HERE 2017 A N A LY S T & I N V E S T O R D AY MARCH 23
MARTIN MIDSTREAM PARTNERS L.P. ANALYST & INVESTOR DAY 2017 AGENDA Welcome & MMLP Joe McCreery, Vice President Finance & Head of Investor Relations Overview TEXT GOES HERE SUBTEXT IS PLACED HERE Operational Bob Bondurant,…
WELCOME & MMLP OVERVIEW
MARTIN MIDSTREAM PARTNERS L.P. OVERVIEW (MMLP) OVERVIEW NASDAQ Listed: MMLP Formed October 31, 2002 TEXT GOES HERE MMLP is a publicly traded, diversified masterSlimited U B T partnership EXT IS PLACED HERE with operations…
MARTIN MIDSTREAM PARTNERS L.P. KEY INVESTMENT HIGHLIGHTS Fee-Based Contracts Majority (nearly 70%) of cash flows generated from fee-based contracts which include take or pay, T Eminimum XT G O Ecommitments S HERE reservation and…
MARTIN MIDSTREAM PARTNERS L.P. U N I Q U E LY D I V E R S I F I E D O P E R AT I N G M I X TEXT GOES HERE SUBTEXT IS PLACED HERE Natural Gas Services Terminalling & Storage 78.7 69.5 Sulfur Services Marine Transportation…
MARTIN MIDSTREAM PARTNERS L.P. OVERVIEW M M L P A S S E T L O C AT I O N S A L L S E G M E N T S TEXT GOES HERE SUBTEXT IS PLACED HERE 10
MARTIN MIDSTREAM PARTNERS L.P. STRONG FEE BASED CONTRACT MIX Natural Gas Services Fee-based, multi-year natural gas storage contracts (weighted average TEXT GOES HERE life approximately 4 years as of December 31,S2016) UBTEXT IS…
MARTIN MIDSTREAM PARTNERS L.P. H I GH Q UALI TY LO NG- TERM C USTOMER BA S E Long-term customer relationships are a key driver of our success Full value chain solutions for handling and logistics TEXT GOES HERE Customers include some…
MARTIN RESOURCE MANAGEMENT CORPORATION OVERVIEW ( MRMC) OVERVIEW Based in Kilgore, TX, since 1951, MRMC is a leading independent provider of storage, manufacturing, marketing, and distribution services to energy, petrochemical and…
MARTIN MIDSTREAM PARTNERS L.P. S T R O N G G E N E R A L PA R T N E R S U P P O R T MRMCs operations support MMLPs cash flow MRMCs distinct assets and business units are TEXT GOES HERE complementary to MMLP SUBTEXT IS PLACED HERE…
MARTIN MIDSTREAM PARTNERS L.P. 2017E GUIDANCE BY SEGMENT TEXT GOES HERE SUBTEXT IS PLACED HERE Natural Gas Services Terminalling & Storage 76.9 2017 59.1 Sulfur Services Marine Transportation 29.8 157.4 million Adjusted…
O P E R AT I O N A L O V E R V I E W 16
MARTIN MIDSTREAM PARTNERS L.P. N AT U R A L G A S S E R V I C E S O V E R V I E W Cardinal Gas Storage operates approximately 50 billion cubic feet of natural gas storage capacity across four facilities throughout northern Louisiana…
MARTIN MIDSTREAM PARTNERS L.P. NATURAL GAS SERVICES CARDINAL GAS STORAGE Firm Contracted/Fee-Based Storage Model Cardinal Contract Summary Firm contracted model for natural gas storage with T EXT GOES HERE Working Gas Currently Type…
MARTIN MIDSTREAM PARTNERS L.P. NATURAL GAS SERVICES C A R D I N A L G A S S T O R A G E A S S E T L O C AT I O N S TEXT GOES HERE SUBTEXT IS PLACED HERE Arcadia Gas Storage Salt dome facility (Arcadia, LA) 16.3 bcf Perryville…
MARTIN MIDSTREAM PARTNERS L.P. NATURAL GAS SERVICES B U TA N E O P T I M I Z AT I O N Butane Optimization Butanes Adjusted EBITDA Refineries adjust the vapor pressure of gasoline toT E X T G 30.0 OES HERE 23.5 26.1 B T E X T I S…
MARTIN MIDSTREAM PARTNERS L.P. NATURAL GAS SERVICES W E S T T E X A S L P G P I P E L I N E L . P. ( W T L P G ) The WTLPG system is approximately 2,300 miles of Y-grade pipeline from Eastern New Mexico to Mt. Belvieu, TX MMLP owns 20%…
MARTIN MIDSTREAM PARTNERS L.P. NATURAL GAS SERVICES N G L s & P R O PA N E NGL Propane Assets include 200-mile East Texas Pipeline transporting T E XY- T G O E SWholesale H E Rpropane E distribution to approximately 100 grade from…
MARTIN MIDSTREAM PARTNERS L.P. TERMINALLING & STORAGE OVERVIEW MMLP operates 40 terminal facilities with an aggregate storage capacity of 3.7 million barrels These facilities provide storage, refining, blending, packaging and handling…
MARTIN MIDSTREAM PARTNERS L.P. TERMINALLING & STORAGE S P E C I A LT Y T E R M I N A L S Specialty Terminals Overview T EofX Network of 14 terminals which facilitate the movement T GOES HERE SUBTEXT IS PLACED HERE petroleum…
MARTIN MIDSTREAM PARTNERS L.P. TERMINALLING & STORAGE S P E C I A LT Y T E R M I N A L S Expertise In Hard to Handle Product and By-Product Logistics Specialized Sites T E X T G O E S H E RSpecialized E Sites (continued) SUBTEXT IS…
MARTIN MIDSTREAM PARTNERS L.P. TERMINALLING & STORAGE MARINE SHORE-BASED TERMINALS Gulf Coast Fuel and Lubricant Distribution Network T EALXtoT 26 terminals along the Gulf Coast from Blakeley Island, GO E S H Econtract Fee-based R…
MARTIN MIDSTREAM PARTNERS L.P. TERMINALLING & STORAGE S M A C KO V E R R E F I N E R Y Specialized Naphthenic Refinery T EinX 7,700 bpd capacity naphthenic lube refinery located T G OFee-based E S Hcontract E R Estructure provides…
MARTIN MIDSTREAM PARTNERS L.P. TERMINALLING & STORAGE MARTIN LUBRICANTS Lubricant Blending & Packaging Specialty lubricant product blending and packagingT EX assets T GOES HERE S U B T EAR located within MMLPs Smackover Refinery in…
MARTIN MIDSTREAM PARTNERS L.P. SULFUR SERVICES OVERVIEW Molten sulfur, a refinery by-product, is aggregated, stored, prilled and transported through MMLPs integrated value chain systems MMLP manufactures and markets sulfur-based…
MARTIN MIDSTREAM PARTNERS L.P. SULFUR SERVICES I N T E G R AT E D VA L U E C H A I N Provides transportation, processing and marketing services necessary to move product from producer to consumer Intermodal transportation offers…
MARTIN MIDSTREAM PARTNERS L.P. SULFUR SERVICES FERTILIZER Fertilizer Overview Supply/Demand MMLP manufactures and markets sulfur-based fertilizers The single largest factor influencing fertilizer demand in the TEXT GOES HERE and…
MARTIN MIDSTREAM PARTNERS L.P. SULFUR SERVICES M O LT E N S U L F U R Assets Capacity Products Handling and Transportation Agreement Offshore Tank Barge 10,450 Long Tons Molten Sulfur MMLP handles molten sulfur and fulfills customer…
MARTIN MIDSTREAM PARTNERS L.P. SULFUR SERVICES PRILLED SULFUR Prilling Agreements Terminal Location Production Products Stored Capacity Refiners pay MMLP minimum reservation fees, plus T E X T G O Neches E S H EBeaumont, R E TX…
MARTIN MIDSTREAM PARTNERS L.P. M A R I N E T R A N S P O R TAT I O N O V E R V I E W MMLP utilizes a fleet of inland and offshore tows to provide marine transportation of petroleum products and by-products MMLPs marine transportation…
MARTIN MIDSTREAM PARTNERS L.P. MARINE TRANSPORTATION ASSETS Marine Transportation 35 inland marine tank barges TEXT GOES HERE 19 inland push-boats SUBTEXT IS PLACED HERE 1 offshore tug and barge unit Ability to handle specialty…
MARTIN MIDSTREAM PARTNERS L.P. MARINE TRANSPORTATION INLAND & OFFSHORE Profitability Drivers Supply of available marine equipment Inland Marine Adjusted EBITDA TEXT GOES HERE Refinery utilization and runs SUBTEXT IS 20.0 PLACED…
RECENT ACQUISITION
MARTIN MIDSTREAM PARTNERS L.P. H O N D O A S P H A LT T E R M I N A L D R O P - D O W N 36.0 million purchase price 27.4 million cash at closing, with 8.6 million remaining to be spent over the next few months TEXT GOES HERE Expect…
MARTIN MIDSTREAM PARTNERS L.P. H O N D O A S P H A LT T E R M I N A L D R O P - D O W N TEXT GOES HERE SUBTEXT IS PLACED HERE 39
F I N A N C I A L F O U N D AT I O N
MARTIN MIDSTREAM PARTNERS L.P. C A P I TA L I Z AT I O N 12/31/2015 12/31/2016 DEBT TEXT GOES HERE Revolving Credit FacilitySDue U 2020 BT EXT IS P LACED 498.0 H E443.0 RE Senior Secured Debt 498.0 443.0 Senior Notes Due…
MARTIN MIDSTREAM PARTNERS L.P. 2 0 1 6 A D J U S T E D E B I T D A A N D G A A P R E C O N C I L I AT I O N Natural Gas Terminalling Marine Interest 2016 Sulfur Services SG&A Services & Storage Transportation Expense Actual Net…
MARTIN MIDSTREAM PARTNERS L.P. 2 0 1 7 E A D J U S T E D E B I T D A G U I D A N C E R E C O N C I L I AT I O N Natural Gas Terminalling Marine Interest Sulfur Services SG&A 2017E Services & Storage Transportation Expense Net income…
2017 MARTIN MIDSTREAM PARTNERS SUBTEXT IS PLACED HERE
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