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 Hardisty Terminal Duvernay Terminal Streamlined operating footprint focused on key oil producing basins throughout North America Cardium Viking Edmonton and Hardisty…
Critical Solutions Along the Crude Oil Production Value Chain Touching 1 out of 4 barrels of Canadian crude oil produced every day Gibson's broad, physical market Gibson's 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 Gibson 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 2022 from expansion…
Hardisty Terminal 12% 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 80% Of segment profit from Infrastructure 2013 Q3 2017 LTM (Pro Forma IP and ES US Sale) (Pro Forma IP and ES US Sale) 10% 18% 21% 9% 24% 19%…
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 55% of Segment Profit is under long term, fixed-fee contracts 9% 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 270 - 320 million forecast for organic growth projects (2017 2018)(1) 95% of 2018 growth capital focused on opportunities at Hardisty…
Growth Project Development Timeline Phased commissioning schedule of contracted infrastructure offers strong visibility to cash flow growth through 2019 Edmonton tank project advancing ahead of schedule and expected to be commissioned…
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…
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…
Conservative Capital Structure Extended maturity profile and reduced total long term debt outstanding Capital Structure Long Term Debt Profile(1) 4% 900 3% Principal Amount of Debt Outstanding 800 (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
2018 Capital Expenditure Budget Growth Capital The 2018 budget reflects Gibsons focus on ( millions) growing its core Infrastructure platform Hardisty Terminal 90 - 110 Gibson expects to sanction one to two Edmonton Terminal 25 -…
Hardisty Terminal Long Term Potential Tanks under development Future 300 KBBL Tanks Future 400 KBBL Tank Future 500 KBBL Tank Potential tank locations Gibson 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 Gibson 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…
Loading...
