Bank of America Merrill Lynch Leveraged Finance Conference December 2018
Genesis Energy, L.P. Partnership Overview Investment Highlights Master Limited Partnership (NYSE: GEL) Integrated asset portfolio creates opportunity across the crude oil production, refining and L.P. market capitalization of 2.7…
Genesis Business Proposition Integrated asset & services portfolio creates opportunities with producers, refineries and chemicals consumers Asset / Services Integration Crude Oil Refined Products Onshore / Offshore Trucks Crude…
Genesis Operational Footprint Offshore Pipeline Transportation Sodium Minerals & Sulfur Services Onshore Facilities & Transportation Marine Transportation 290 million (42%) 260 million (37%) 99 million (14%) 46 million (7%) Own…
Limited Commodity Price Exposure General Commodity Business Segment Mitigant Exposure Offshore Pipeline No Direct Exposure Tariff-based, fee income (except for PLA volumes) Transportation Sulfur Services Sulfur Services NaHS…
Additional Developments Divestitures On October 11, 2018 Genesis completed the divestiture of certain non-core assets and received approximately 300 million in total net cash proceeds Proceeds from the sale were used by Genesis to…
Segment Overviews
Offshore Pipeline Transportation Positioned to provide deepwater producers maximum optionality with access to both Texas & Louisiana markets Potential for meaningful volume growth with increased development drilling in dedicated,…
Sodium Minerals & Sulfur Services Sodium Minerals Genesis Alkali is the leading producer of natural soda ash 4 million tons of annual natural soda ash production Reserve life of over 100 years(a) Diverse range of industries and end…
Sodium Minerals Overview Genesis Alkali is the leading producer of natural soda ash 4 million tons of annual natural soda ash production Reserve life of over 100 years(a) Located in worlds largest trona deposit,…
Soda Ash Production Facilities Westvaco ELDM Mono I & II Sesqui Granger Mono I: 1972 Year Built 1996 1953 Built: 1976 Mono II: 1976 Feed Solution Dry Ore Dry Ore Solution Products Light Ash, Dense Ash, Dense Ash Dense Ash…
Genesis Alkali Cost Advantage Genesis Alkali is a global low cost soda ash producer U.S. Natural Solvay Hou Average cost of natural soda ash is approximately 40- 50% of the cost per short ton of synthetic soda ash Salt (brine), Raw…
Soda Ash Market Glass Manufacturing Core component in glass manufacturing by lowering melting temperature of silica/sand, improving workability Container glass: beverage bottles, food and cosmetics containers, laboratory glassware…
Genesis Alkali Consistent Performance Market leading position with highly consistent cash flow profile and significant barriers to entry Exposure to sector with growing demand through the acquisition of a long life asset without…
Sulfur Services Process Overview Sour Gas Processing units inside Nat Gas the fence at 10 refineries H2S NaHS Unit Gas Processing Produce NaHS through proprietary Nat Gas process utilizing large amounts of Refiners Caustic Soda…
Onshore Facilities & Transportation Stable cash flows through pipeline tariffs combined with future volume growth Refiners are the shipper of 80% of total crude oil moved through our onshore pipelines Integrated Terminals Onshore…
Onshore Facilities & Transportation Crude oil services and logistics, refined products services and logistics and rail services Utilizing multiple integrated facilities with access to pipelines, rail, barges and trucks 3.0 mmbbl…
Exxon Mobil Baton Rouge Infrastructure Project Integrated Crude Logistics / Baton Rouge Terminal Project Overview Genesis entered into definitive agreements with ExxonMobil (XOM) in which Genesis Port Hudson Truck Station improved…
Houston Area Pipeline & Terminal Infrastructure Genesis has completed the expansion of its Houston area logistics services to include new terminal and pipeline Project Overview infrastructure capable of receiving various Gulf of…
Financial Objectives Targeting minimum quarterly distribution increase of no less than 0.01 per unit over the previous quarter distribution through 2022 Target cash coverage(a)(b) of 1.40x-1.60x Use excess Available Cash as…
Balance Sheet and Credit Profile ( in 000s) Material Projects & Reported LTM Acquisitions Pro Forma LTM 9/30/2018 EBITDA Adjustment 9/30/2018 Senior Secured(a) 1,178,722 1,178,722 Senior Unsecured 2,460,486 2,460,486 Pro forma…
Appendix I Deepwater Gulf of Mexico Activity Update
Resiliency of Gulf of Mexico May 2, 2018 First Quarter 2018 Conference Call October 17, 2018 Operational Review I appreciate the comments around what I think has been some really good In the US Gulf of Mexico, the Samurai-2…
Known Deepwater Discoveries Not Yet Developed Rydberg TortugaFort Sumter Troubadour Vito Katmai Samurai Constellation Winter Calpurnia Warrior Anchor North Platte Shenandoah Yucatan Yeti Guadalupe Coronado Gila Gibson…
Atlantis Field Development Field Overview BP operated field Field Development: Discovery announced in 1998; first production in 2007 Semisubmersible in 7,000 feet of water with 200,000 bpd of production capacity Initial…
Constitution Field Development Caesar Tonga Forecasted Production(d) Anadarko operated development Includes production from the Constitution, Ticonderoga and Caesar/Tonga fields. Potential for additional connection to Constellation…
Lucius Field Development Map Anadarko operated development Includes production from the Lucius field. Potential for additional connection to the Phobos field Field Development: Discovery announced in 2009; first production in…
Mad Dog Field Development Field Overview BP operated development Field Development: Discovery announced in 1998; first production in 2005 Truss spar in 4,500 feet of water with 80,000 bpd of production capacity Future…
Marco Polo Field Development Map Anadarko operated development Includes production from the Marco Polo, K2 and Genghis Khan fields. Potential for additional connection to the Warrior field Field Development: Discovery…
Shenzi Field Development Field Overview BHP operated field Includes production from the Shenzi field. Potential for additional connection to the Caicos and Wildling fields Field Development: Discovery announced in 2002; first…
Deepwater Gulf of Mexico References / Sources Information regarding Anadarko operated connected fields and prospects http://investors.anadarko.com/operations-report Information regarding BP operated Mad Dog Phase 2…
Appendix II Additional Financial Information
Pro Forma Segment Margin Reconciliation ( in 000s) Pro Forma LTM 3 months ended September 30, 9/30/2018 2018 2017 2017 2016 Net Income Attributable to Genesis Energy, LP 34,220 (323) 6,312 82,647 113,249 Corporate general and…
Available Cash Before Reserves Pro Forma LTM 3 months ended September 30, 9/30/2018 2018(a) 2017 2017 2016 Net income attributable to Genesis Energy, L.P. 34,220 (323) 6,312 82,647 113,249 Interest expense, net 227,509 58,819…
Adjusted Debt Reconciliation ( in 000s) Pro Forma LTM Long-term debt 9/30/2018 2017 2016 Senior secured credit facility 1,220,700 1,099,200 1,278,200 Senior Unsecured Notes 2,460,486 2,598,918 1,813,169 Pro forma adjustment for…
Select Items Reconciliation Pro Forma LTM 3 months ended September 30, 9/30/2018 2018 2017 2017 2016 Applicable to all Non-GAAP Measures Differences in timing of cash receipts for certain contractual arrangements (1) (11,117) (792)…
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