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Tulsa MLP and Midstream Conference – Magellan Midstream Partners Lp

Magellan Midstream Partners Lp · Dec 13, 2018 · 10 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Tulsa MLP and Midstream Conference – Magellan Midstream Partners Lp – slide 1
    NYSE: MMP Tulsa MLP & Midstream Conference Dec. 13, 2018
  2. Tulsa MLP and Midstream Conference – Magellan Midstream Partners Lp – slide 2
    Keys to Magellans Proven Track Record and Future Performance Stability of underlying businesses Continuing to grow fee-based activities, managing for the long term through various business cycles Disciplined and opportunistic…
  3. Tulsa MLP and Midstream Conference – Magellan Midstream Partners Lp – slide 3
    Straight-Forward Business Model Investment grade MLP with no incentive distribution rights Provides MMP a simple organizational structure and one of the lowest costs of capital in the MLP space Solid governance, including independent…
  4. Tulsa MLP and Midstream Conference – Magellan Midstream Partners Lp – slide 4
    Refined Products Longest refined petroleum products pipeline system in the U.S., primarily transporting gasoline and diesel fuel, with 9,700 miles, 53 terminals and 44mm barrels of storage Profit driven by throughput volume and…
  5. Tulsa MLP and Midstream Conference – Magellan Midstream Partners Lp – slide 5
    Crude Oil Segment Map 2,200 miles of crude oil pipelines, substantially backed by long-term throughput commitments 33mm barrels of total crude oil storage, including 21mm barrels used for contract storage One of the largest storage…
  6. Tulsa MLP and Midstream Conference – Magellan Midstream Partners Lp – slide 6
    Marine Storage Segment Map 5 storage facilities with 26mm barrels of aggregate storage and 1.4mm bpd of dock capacity Utilization rates historically greater than 90% Demand due to market structure, pricing volatility and…
  7. Tulsa MLP and Midstream Conference – Magellan Midstream Partners Lp – slide 7
    Primarily Fee-Based Business Expect Future Fee-Based, Low Risk Activities to Comprise 85%+ of Operating Margin ytd 3q18 Results* Contract storage Fee-based ancillary 17% services 7% Transportation Terminal delivery fees 64%…
  8. Tulsa MLP and Midstream Conference – Magellan Midstream Partners Lp – slide 8
    Growth in Expansion Capital Spending Over the last 10 years, Magellan has invested 5.4 billion in organic growth projects and acquisitions Historically made a few strategic acquisitions that served as platforms for future growth…
  9. Tulsa MLP and Midstream Conference – Magellan Midstream Partners Lp – slide 9
    Distribution Growth Trend Proven history of distribution growth Targeting approx. 8% annual distribution growth for 2018 with 1.2x+ coverage Going forward, plan to manage distribution growth consistent with DCF growth projections of…
  10. Tulsa MLP and Midstream Conference – Magellan Midstream Partners Lp – slide 10
    Credit Profile Remains Strong Committed to maintaining solid balance sheet One of the highest-rated MLPs at BBB+ / Baa1 Long-standing target maximum leverage ratio of < 4x (below 3x at 9/30/18) Consistent with rating agencies…

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