Annual Meeting of Limited Partners Houston, TX June 5, 2018
SAFETY COMMITMENT Think Safe, Work Safe, Leave Safe L.I.V.E. Safe Our employees commitment to Buckeyes culture of safety is what saved lives and protected our communities and assets Triple Threat: Hurricanes Harvey, Irma and Maria…
PEOPLE: OUR MOST VALUEABLE ASSET Our employees commitment to Buckeyes safety culture is what safeguards lives, our assets and our communities. The teamwork and dedication to helping both our fellow employees and our communities is…
CONTINUOUS IMPROVEMENT PERFORMANCE ASSURANCE Driving operational excellence through best practices initiatives oFinalizing the standards that set the foundation of the Safety & Operations Management System (SOMS) oImproving and…
ENVIRONMENTAL STEWARDSHIP Protection of the natural environment through conservation and sustainable practices oElectric power efficiency initiatives oLake County Solar project in Indiana oUtilization of Drag Reducing Agent on…
ORGANIZATIONAL OVERVIEW Buckeye owns and operates a diversified network 2017 Highlights of integrated assets providing midstream logistic solutions, which generate stable and consistent oDelivered record Adjusted EBITDA cash flows…
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 Developments Expansion of Terminal Revenues oIncreased pipeline and terminal throughput volumes 2010 Pipelines Terminals 2018(1) oHigher average pipeline tariffs oPartially offset by the…
GLOBAL MARINE TERMINALS Recent Developments Key Emerging Trends oImproved operating performance at Buckeye Texas IMO 2020 Partners oIMO change effective January 1, 2020 oIncreased contribution from VTTI investment oFuel oil contango…
GROWTH CAPITAL PROJECTS ADVANCING LAST-MILE SOLUTIONS oSouth Texas Gateway Terminal is positioned to serve as Premier Advantaged Positions in Corpus Christi the primary outlet for volumes delivered from the planned Gray Oak…
GROWTH CAPITAL PROJECTS MAJOR PROJECTS Chicago Complex Expansion Michigan/Ohio Expansion Phase Two oAnnounced an 80 million expansion backed by a long- oExpected to expand capabilities to move refined product term agreement with…
GROWTH CAPITAL PROJECTS Other Growth Projects - Singles and Doubles Capital Markets Activities oExpansion of Jacksonville, FL terminal 2017 Block Sale - Issued 210 million of limited partnership units in September 2017 oBuilding out…
INVESTMENT SUMMARY Diverse portfolio of assets built through acquisitions and internal investment that deliver stable financial results despite volatile commodity price environment oPredominantly fee-based cash flows from our…
APPENDIX
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 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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