RBC Capital Markets Midstream Conference Dallas, TX November 13-14, 2018
ORGANIZATIONAL OVERVIEW Buckeye owns and operates a diversified network of integrated assets providing midstream logistic solutions, and is committed to achieving a strong balance sheet, solid investment grade credit rating and…
SYSTEM MAP Chicago Complex NY Harbor Gulf Coast Caribbean Diversified network of assets situated across three major domestic hubs and the Caribbean Copyright 2018 Buckeye Partners, L.P. 4
STRATEGIC REVIEW On November 2, 2018, Buckeye announced the outcome of its strategic review Situation Analysis oIncreased need for capital based on attractive investment opportunities oDislocated public equity markets oEquity…
STRATEGIC REVIEW Actions and Benefits Given scarcity of reasonably priced capital, sale allows Buckeye to Sale of Entire Equity Interest in VTTI B.V. allocate available capital to higher return domestic growth initiatives for 975…
DOMESTIC PIPELINES & TERMINALS Recent Highlights Significant growth capital investment opportunities across our terminal assets o Substantial growth in pipeline revenue primarily due to increased throughput volumes resulting from…
GLOBAL MARINE TERMINALS Recent Highlights Key Emerging Trends o Continued strong operating performance at Buckeye Texas IMO 2020 Partners o IMO change to marine bunker sulfur specification effective o Achieved record crude processing…
GROWTH CAPITAL PROJECTS ADVANCING LAST-MILE SOLUTIONS o Buckeye formed a joint venture with Phillips 66 Partners LP and Premier Advantaged Positions in Corpus Christi Andeavor to develop the South Texas Gateway Terminal, which is…
GROWTH CAPITAL PROJECTS MAJOR PROJECTS Chicago Complex Expansion Michigan/Ohio Expansion Phase Two o 80 million expansion project backed by a long-term o Extends Midwest supplies from Pittsburgh to Central agreement with BP Products…
GROWTH CAPITAL PROJECTS Smaller Organic Growth Projects Growth Capital Funding Consistently average 75 million to o Moving toward a self-funding business model in order to 125 million annual spend strengthen balance sheet, solidify…
INVESTMENT SUMMARY Diverse portfolio of assets with strong balance sheet, solid investment grade rating and financial flexibility, poised to take advantage of strategic growth opportunities oPredominantly fee-based cash flows from our…
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…
Loading...
