2019 MLP & Energy Infrastructure Conference May 2019
Key Investment Considerations Market Leading Businesses with High Barriers to Entry 1 Genesis is a market leader in four critical businesses (1) Deepwater Gulf of Mexico (GOM) pipeline transportation, (2) Producer & marketer of U.S.…
Market Leading Businesses / High Barriers to Entry Genesis LTM Segment Margin Offshore Pipeline Transportation 716 MM(a) Practically irreplaceable integrated asset footprint focused on transporting crude oil produced from the…
Diversified & Long-Life Infrastructure Assets Key Business Fundamentals Long-Life Infrastructure Assets Offshore Pipeline Transportation 2,400 miles of pipelines and platforms focused on Deepwater crude oil production growth deepwater…
Operating Leverage with Minimal Capital Required Growth Drivers Operating Leverage Offshore Pipeline Transportation Existing connectivity and excess capacity to capture Anticipated increase in Gulf of Mexico incremental volumes…
Improving Financial Fundamentals & Guidance Current Business Segment Outlook Offshore Pipeline Sodium Minerals & Onshore Facilities & Marine Transportation Sulfur Services Transportation Transportation Expected continued volume…
Unitholder Alignment / Long-Term Value Creation Unitholder Alignment Long-Term Value Creation NO incentive distribution rights (IDRs) with non-economic Management track record of acquiring and developing world General Partner (no…
Business Segment Detail 8
Offshore Pipeline Transportation Overview Leading Gulf of Mexico Midstream Service Provider Deepwater to Shore Solutions 2,400 miles of pipelines and associated platforms primarily located in the Central Gulf of Mexico CHOPS Poseidon…
Gulf of Mexico Production Continued Growth in the Deepwater Gulf of Mexico Production(a) Deepwater Gulf of Mexico production has increased by 59% since 2013 Non-Deepwater Deepwater (1,000 ft.) Avg. Crude Price (WTI) 2,500 120…
Central Gulf of Mexico Overview Robust Inventory of Future Growth Ram Powell Petronius Stonefly Horn Mountain Delta House Nearly Headless Nick Selected Recent Developments / Key FID Field Producer First Oil Stampede Hess…
Central Gulf of Mexico Midstream Dynamics Uniquely Positioned with Available Capacity to Capture Additional Volumes CHOPS / Poseidon Available Capacity to Shore(a) Uniquely positioned with maximum optionality and available capacity to…
Sodium Minerals Overview Largest North American Producer of Low Cost Natural Soda Ash Market leading position with highly consistent cash flow profile Genesis has Largest Trona Lease Holding in U.S. and significant barriers to entry 4…
Natural Soda Ash Cost Advantage Low Cost Position Drives Stable Cash Flow Generation Global low cost soda ash producer Natural vs. Synthetic Production(a) Average cost to produce natural soda ash is 50% of the cost to Solvay U.S.…
Soda Ash Supply / Demand Outlook Supply / Demand Balance Expected to Remain Tight Turkey expansion (Kazan) 2.5 million metric tons per year Soda Ash Demand by Geography(a) fully absorbed by market as evidenced by continued rise in 2013…
Sulfur Services Overview Market Leader of NaHS Production and Leading Provider of Sulfur Removal Services Market leading position with highly consistent cash flow profile Production Process and Sales Overview and significant barriers to…
Onshore Facilities & Transportation Overview Integrated Asset Footprint with Exposure to Significant Refinery Demand Baton Rouge Complex Texas City Terminal Raceland Terminal Other Legacy Onshore Assets Underpinned by minimum volume…
Asset Snapshot: Baton Rouge Complex Integrated Crude & Intermediates Logistics Platform Integral part of day-to-day refinery logistics and feedstocks for Baton Rouge Complex Exxon Mobil's Baton Rouge Refinery (4th largest U.S. Refinery…
Marine Transportation Overview Bottom of the Cycle & High Degree of Operating Leverage Genesis Marine Equipment Almost exclusive focus on intermediate refined products (black oil) American Inland Offshore Phoenix Operating costs…
Appendix & Reconciliations 20
Debt Profile & Corporate Structure Balance Sheet overview Corporate Structure(a) Committed to long-term leverage ratio of 4.00x Series A Class A Class B Convertible No near-term maturities Common Units Common Units Preferred…
Balance Sheet & Credit Profile ( in 000s) Reported LTM Bank EBITDA Pro Forma LTM (a) 3/31/2019 Adjustment 3/31/2019 Senior Secured(b) 907,196 907,196 Senior Unsecured 2,464,247 2,464,247 Adjusted Debt 3,371,443 3,371,443…
Pro Forma Segment Margin Reconciliation Pro Forma 3 months ended ( in 000s) LTM March 31, 3/31/2019 2019 2018 2017 2016 Net Income Attributable to Genesis Energy, LP 1,845 15,954 (6,075) 82,647 113,249 Corporate general and…
Available Cash Before Reserves Pro Forma 3 months ended LTM March 31, ( in 000s) 3/31/2019 2019 2018 2017 2016 Net income attributable to Genesis Energy, L.P. 1,845 15,954 (6,075) 82,647 113,249 Interest expense, net 228,756 55,701…
Adjusted Debt Reconciliation ( in 000s) Pro Forma LTM Long-term debt 3/31/2019 2018 2017 2016 Senior secured credit facility 942,000 970,100 1,099,200 1,278,200 Senior Unsecured Notes 2,464,247 2,462,363 2,598,918 1,813,169…
Select Items Reconciliation Pro Forma 3 months ended ( in 000s) LTM March 31, 3/31/2019 2019 2018 2017 2016 Applicable to all Non-GAAP Measures Differences in timing of cash receipts for certain contractual arrangements (a) (5,585)…
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