2018 MLP & Energy Infrastructure Conference Orlando, FL May 22-24, 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 LTM 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…
3% TRANSFORMATION SINCE 2010 Significant Geographic Diversification From Product Diversification Drives Stability Acquisitions and Capital Investments o Acquired over 75 domestic and international terminals with over 2010…
DISTRIBUTION OUTLOOK Key Considerations in Distribution Policy 2018 Outlook o 2018 is a transitional year for Buckeye as market conditions for segregated storage remain challenged and meaningful contributions from capital projects…
35% DOMESTIC PIPELINES & TERMINALS 65% Recent Highlights Expansion of Terminal Revenues o Benefited from increased pipeline and terminal throughput 2010 Pipelines Terminals 2018(1) volumes and higher average pipeline tariffs for…
GLOBAL MARINE TERMINALS Recent Highlights Key Emerging Trends o Improved operating performance at Buckeye Texas Partners IMO 2020 o Purchased Trafiguras minority ownership interest in o IMO change to marine bunker sulfur specification…
GROWTH CAPITAL PROJECTS ADVANCING LAST-MILE SOLUTIONS o Buckeye formed a joint venture with Phillips 66 Partners LP Premier Advantaged Positions in Corpus Christi and Andeavor to develop the South Texas Gateway Terminal, which is…
GROWTH CAPITAL PROJECTS MAJOR PROJECTS Chicago Complex Expansion Michigan/Ohio Expansion Phase Two o Announced an 80 million expansion backed by a long- o Expected to further expand Buckeyes capabilities to move term agreement with…
GROWTH CAPITAL PROJECTS Other Growth Projects - Singles and Doubles Capital Markets Activities o Expansion of Jacksonville, FL terminal to increase 2017 Block Sale - Issued 210 million of limited partnership throughput capacity and…
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(2) Debt to Adjusted EBITDA Ratio(2) (1) 2014 amounts represent Adjusted EBITDA from…
NON-GAAP RECONCILIATIONS
NON-GAAP FINANCIAL MEASURES Adjusted EBITDA and distributable cash flow are measures not defined by accounting principles generally accepted in the United States of America (GAAP). We define Adjusted EBITDA as earnings before interest…
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