A North American Midstream Energy Company Strategically positioned infrastructure assets Critical solutions along the crude oil production value chain High-quality, stable cash flows dominated by Infrastructure segment Attractive…
Strategically Positioned Assets Alberta Montney Oilsands Edmonton Terminal Hardisty Terminal Streamlined operating footprint focused on key oil Duvernay producing basins throughout North America Cardium Viking Edmonton and…
Critical Solutions Along the Crude Oil Production Value Chain Touching 1 out of 4 barrels of Canadian crude oil produced every day Gibsons broad, physical market Gibsons suite of logistical and Gibsons network of fixed midstream…
Key Infrastructure Assets Edmonton Terminal The majority of all Alberta oil exports aggregate in Edmonton and/or Hardisty Expected Oil Sands growth of 0.8 million Gibsons owns and operates key terminal, blending barrels per day to…
Canadian Oil Sands Development Massive resource offers low geological and geopolitical risk Long reserve life profile insulates development from near term oil price volatility Visible production growth profile to 2021 from expansion…
Hardisty Terminal 20% Capacity Increase in 2019 Inbound Pipelines Terminal Storage Enbridge 2,3,4 8.9 mmbbls barrels of current capacity Athabasca Athabasca Twin 1.1 mmbbls of tankage under construction Cold Lake 12 100% Cold Lake…
Edmonton Terminal Poised to Double in 2018 Polaris Diluent Pipeline Terminal Storage 900,000 bbls of current capacity 800,000 bbls of tankage under construction Pipeline Alley Inbound Pipelines Light & Heavy Southern Lights…
Focus Capital on Fee-Based Infrastructure Assets Over 90% of 2017E and 2018E growth capital allocated to Infrastructure 100% 90% 80% % of Growth Capital allocated to Infrastructure 70% 60% 50% 40% 30% 20% 10% 0%…
Increased Stability of Cash Flows Through Focus on Infrastructure Business 76 % Of segment profit from Infrastructure 18% 2013 21% Q3 2017 LTM (Pro Forma IP Sale) 15% 9% 24% 19% 76% 18% Terminals & Processing…
Increased Stability of Cash Flows Through Focus on Infrastructure Business Continued Infrastructure focus increases contracted, fixed-fee based revenue Fixed-fee component has increased over 2.8x* since initiating terminal expansions in…
Focus on Contracted Cash Flow Streams Q3 2017 LTM Pro Forma Segment Profit* Over 50% of Segment Profit is under long term, fixed-fee contracts 8% Fee-for-service business lines are 1% weighted to crude oil production volumes over…
Growth Opportunities Focused on growth opportunities backstopped by long-term, fixed-fee contracts 300 - 500 million forecast for organic growth projects (2017 2018) 85% of growth capital focused on opportunities at Hardisty and…
Growth Project Development Timeline Phased commissioning schedule of contracted infrastructure offers strong visibility to cash flow growth from 2017 through 2019 80% of 2018 Edmonton tank project advancing ahead of schedule and…
U.S. Growth Pipeline Injection Stations 65 injection stations in key U.S. basins including prime locations in Texas and Oklahoma Asset footprint is difficult to replicate new injection stations no longer permitted on many of the…
Environmental Services U.S. Business Planned Divestiture Targeting a divestiture by Q1 2018 Pro Forma Segment Profit* Increases segment profit contribution from Infrastructure to 80% 10% Increasing to 85% once current Hardisty and…
Capital Structure Enhancements 357 600 35 million reduction in million raised in million/year saved long-term debt 5.25% unsecured through debt repayment notes to refinance and refinancing existing notes 500 million senior…
Capital Structure Enhancements Details: Applied proceeds from sale of Industrial Propane and notes issuance to reduce debt and enhance liquidity to fund growth programs through redemption of our higher coupon long term debt (250 million…
Conservative Capital Structure Extended maturity profile and reduced total long term debt outstanding Capital Structure Long Term Debt Profile(1) 4% 900 3% 800 Principal Amount of Debt Outstanding (in million, in issued…
Summary of Key Investment Highlights Strategic footprint in key oil / liquids basins across North America Continued evolution of the GEI business model towards one dominated by Infrastructure Significant increase in the quality…
Appendices
Hardisty Terminal Long Term Potential Tanks under development Future 300 KBBL Tanks Future 400 KBBL Tank Future 500 KBBL Tank Potential tank locations Gibsons Integrated Midstream Solutions TSX: GEI 23
Edmonton Terminal Long Term Potential Tanks under development Future 300 KBBL Tanks Future 400 KBBL Tank Future 500 KBBL Tank Polaris initiating pump station Gibsons Integrated Midstream Solutions TSX: GEI 24
Grade Differentials Provide Wholesale Opportunities Twelve Month Moving Average of Stream Differentials 15.00 120.00 10.00 100.00 5.00 Moving Average Stream Differentials vs WTI (US/B) 0.00 Moving Average WTI Price…
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