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 2.6…
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 285 million (40%) 261 million (37%) 111 million (16%) 48 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…
Select Business Segment Guidance Offshore Pipeline Transportation Multiple near to long term opportunities at zero of our capital required including: 2019 Active, in-field drilling at several dedicated and connected platforms…
Select Financial Guidance Quarterly distribution rate held flat at 0.55 per common unit beginning with the distribution attributable to 1Q 2019 Intend to use capital for highest and best use for all stakeholders Will revisit…
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,…
Deepwater Gulf of Mexico Activity Deepwater Gulf of Mexico Oil Production Gulf of Mexico production to increase 2018 Top Deepwater Operators by Production(c) EIA projects Gulf of Mexico production will average 1,900 kbd in 400 2019…
Deepwater Gulf of Mexico Growth Prospects Petronius Ram Powell Horn Mountain Stonefly Delta House Tortuga Fort Sumter Troubadour Lobster Vito Katmai Front Runner Baldpate Samurai WarriorWildling Constellation K2 Caicos…
Sodium Minerals & Sulfur Services Sodium Minerals Genesis Alkali is a 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 a 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, accounting…
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 to produce natural soda ash is 50% of the cost to produce synthetic soda ash Salt (brine), Raw Salt (brine),…
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 Maintain quarterly distribution rate of 0.55 per unit Will revisit distribution policy quarterly Target cash coverage(a)(b) of 1.40x-1.60x Use excess Available Cash as equity and/or to pay down debt…
Balance Sheet and Credit Profile ( in 000s) Material Projects & Reported LTM Acquisitions Pro Forma LTM 12/31/2018 EBITDA Adjustment 12/31/2018 Senior Secured(a) 942,000 942,000 Senior Unsecured 2,462,363 2,462,363 Adjusted Debt…
Appendix I Deepwater Gulf of Mexico Activity Update
Resiliency of Gulf of Mexico February 6, 2019 Fourth Quarter 2018 Conference Call January 22, 2019 Operational Review So, some great performance from some of the wells in Horn Mountain and In the US Gulf of Mexico, a sidetrack of the…
Known Deepwater Discoveries Not Yet Developed Rydberg TortugaFort Sumter Ballymore Troubadour Vito Katmai Samurai Calpurnia Anchor North Platte Shenandoah Yucatan Yeti Guadalupe Coronado Gila Gibson Tiber Kaskida…
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 Map Anadarko operated development Includes production from the Constitution, Ticonderoga and Caesar/Tonga fields. Potential for additional connection to Constellation and Calpurnia fields Field…
Lucius Field Development Map Anadarko operated development Includes production from the Lucius field. Potential for additional connection to the Phobos and Hadrian North fields Field Development: Discovery announced in 2009;…
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 development Includes production from the Shenzi field. Potential for additional connection to the Caicos, Wildling and Samurai fields Field Development: Discovery announced…
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) 2018 2017 2016 Net Income Attributable to Genesis Energy, LP (6,075) 82,647 113,249 Corporate general and administrative expenses 64,683 60,029 40,905 Depreciation, depletion,…
Available Cash Before Reserves 2018(a) 2017 2016 Net income attributable to Genesis Energy, L.P. (6,075) 82,647 113,249 Interest expense, net 229,191 176,762 139,947 Income Tax expense 1,498 (3,959) 3,342 Impairment expense…
Select Items Reconciliation 2018 2017 2016 Applicable to all Non-GAAP Measures Differences in timing of cash receipts for certain contractual arrangements (1) (6,629) (17,540) (13,253) Adjustment regarding direct financing leases (2)…
Loading...
