Investor Presentation New York, NY February 27 - March 1, 2018
ORGANIZATIONAL OVERVIEW Buckeye owns and operates a diversified global network of integrated assets providing midstream logistic solutions, which generate stable and consistent cash flows Domestic Pipelines & Terminals 2017 Adjusted…
SYSTEM MAP Chicago Complex NY Harbor Global network situated across major logistics hubs U.S. Gulf Coast Gulf Coast Chicago Complex Northwest Caribbean New York Harbor Fujairah Singapore Europe The Caribbean Northwest…
TRANSFORMATION SINCE 2010 Significant Geographic Diversification From Global Marine Terminals Segment Provides Acquisitions and Capital Investments Significant Diversification in Adjusted EBITDA(1) o Acquired over 75 domestic and…
DIVERSIFICATION DRIVES STABILITY 3% Diversified portfolio generates stable cash flows; over 95% of 2017 Adjusted EBITDA was fee-based Market-Based Tariffs Represent Significant Results of Product Diversification Portion of Pipeline…
VTTI B.V. OVERVIEW Acquisition Overview Buyout of MLP Public Unitholders o Buckeye acquired 50% of the equity interest in VTTI B.V. o In September 2017, VTTI acquired all of the publicly held (VTTI) from Vitol for 1.15 billion common…
BUCKEYES VTTI STRATEGY o Immediate world-wide presence with sizeable assets in key global hubs (ARA(1), Singapore, Middle East) Expand Our o High quality assets consisting of modernized terminals and newly constructed facilities, all…
RECENT DEVELOPMENTS AND QUARTERLY HIGHLIGHTS Fourth quarter 2017 declared distribution maintained at same level as prior quarter Domestic Pipelines & Terminals Quarterly Adjusted EBITDA Performance(1) oContributions from higher…
LOOKING FORWARD 2018 OUTLOOK Domestic Pipelines & Terminals Key Considerations in Distribution Policy o Expect tariff increases on market-based and FERC index-based tariff pipelines to drive pipeline throughput revenue growth o…
GROWTH CAPITAL PROJECTS DEVELOPMENT OF SOUTH TEXAS GATEWAY DISTRIBUTION CAPABILITIES oPermian Basin is one of the most prolific oil producing areas in the world Buckeye is positioned to benefit from new oTakeaway capacity from this…
GROWTH CAPITAL PROJECTS MICHIGAN/OHIO EXPANSION Michigan/Ohio Expansion Phase Two Chicago Complex oExpected to further expand Buckeyes capabilities to move oExpect to enter into a long-term agreement with a refined product barrels…
GROWTH CAPITAL PROJECTS Domestic Pipelines & Terminals Global Marine Terminals oExpansion of Jacksonville, FL terminal to increase New York Harbor throughput capacity and provide ethanol by rail oFurther enhance competitive position…
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…
FINANCIAL OVERVIEW
FINANCIAL PERFORMANCE Adjusted EBITDA (in millions)(1)(2) Cash Distribution Coverage Ratio(1)(2)(3) Cash Distributions per Unit - Declared Debt to Adjusted EBITDA Ratio(2) (1) 2013 and 2014 amounts represent Adjusted EBITDA…
Loading...
