NGL Energy Partners LP Investor Presentation August 2019
Business Overview Provides services for the treatment, processing, and disposal of wastewater and solids generated from oil and natural gas production Water recycling expertise, history of cleaning wastewater to drinking quality for…
Business Diversity Refined Products/ Water Solutions Crude Logistics Liquids Renewables Water Volumes, Crude Oil Butane Blending Motor Fuels Primary Drivers: Rig Count and Production and and Export, Supply/Demand Crude Oil…
Diversified Across Multiple Businesses and Production Basins Bakken Shale Marcellus Shale Green River Basin Pinedale Anticline DJ Basin Jonah Field Niobrara Shale Wattenberg Field Mississippi Lime…
Business Strategy Transport crude oil from the wellhead to refiners Build a Diversified Wastewater from the wellhead to treatment for disposal, recycle or discharge Vertically Integrated Energy Business Natural Gas Liquids from…
Water Solutions Segment Overview 7
Water Solutions Platform Our Water Solutions segment provides services for the treatment and disposal of wastewater generated from crude oil and natural gas production and for the disposal of solids such as tank bottoms, drilling fluids…
Mesquite SWD: Acquisition Highlights On July 2nd, 2019, NGL Energy Partners announced the closing of all of the assets of Mesquite Disposals Unlimited, LLC., a Northern Delaware Basin Water Disposal Company, for a total purchase price of…
Delaware Basin Salt Water NGL has 53 active Salt Water Disposal Facilities & 94 active Disposal Disposal Wells Facilities & 29 Facilities in Texas and 24 in New Mexico Disposal Wells NGL has 1 Solids Disposal Facility in-service at…
Eagle Ford Salt Water NGL has 24 active Salt Water Disposal Facilities & 38 Disposal active Disposal Wells Facilities & NGL has 4 Solids Disposal Facilities in-service across the Disposal Eagle Ford basin Wells Water NGL has 13…
DJ Basin Salt Water NGL has 13 active Salt Water Disposal Facilities & 31 Disposal active Disposal Wells Facilities & NGL has 2 Solids Disposal Facilities in-service across the Disposal DJ basin Wells Water NGL has 7 pipeline…
Midland Basin Salt Water NGL has 15 active Salt Water Disposal Facilities & 15 Disposal active Disposal Wells Facilities & NGL has 2 Solids Disposal Facilities in-service across the Disposal Midland basin Wells Water NGL has…
Water Solutions Financial Overview Segment EBITDA FY 2020 Forecast Assumptions 350 290 - 320 Primary growth focused in the Delaware Basin (New Mexico) 300 Blended disposal rate of 0.60/bbl and operating expense of 250 Mesquite…
Crude Logistics Platform Our Crude Oil Logistics segment purchases crude oil from producers and transports it to refineries or for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, and…
Grand Mesa Pipeline 550 miles of 20 Crude oil pipeline from the DJ Basin to Cushing, OK Grand Mesa Share NGL/Grand Mesa have 37.5% undivided joint interest DJ of Capacity 150,000 BPD capacity Basin Lucerne & Riverside Terminals in…
Crude Oil Logistics Financial Overview Segment EBITDA FY 2020 Forecast Assumptions 250 Grand Mesa Pipeline 190 - 210 Total volumes average 129kbpd 200 181 Assume 3% increase to rates per FERC oil pipeline index starting July 1, 2019…
Liquids Platform Our Liquids segment provides natural gas liquids procurement, storage, transportation, and supply services to customers through assets owned by us and third parties. We also sell butanes and natural gasolines to…
Liquids Financial Overview Segment EBITDA FY 2020 Forecast Assumptions 120 Propane/Butane Wholesale 101 Assumes a normal winter for volume and pricing 100 93 90 Fee-based business makes up 10%-15% of gross margin 87 75 - 90 NGL…
Refined Products & Renewables Platform Our Refined Products and Renewables segment conducts gasoline, diesel, ethanol, and biodiesel marketing operations. In addition, in certain storage locations, our Refined Products and Renewables…
TPSL Divestiture Highlights Transaction Highlights Asset Map Transaction represents further progress toward NGL's capital allocation strategy Entered into agreement to sell certain Refined Products / Renewables segment assets,…
Financial Overview 22
Financial Objectives The Partnership has made significant strides with 1.8 billion in asset sales since December 2017 (proceeds used to pay down Strong Balance indebtedness) and will look to maintain a flexible balance sheet with a…
FY 2019 to FY 2020E EBITDA Walk FY 2019 to FY2020E EBITDA by Segment(1) (In Millions) FY 2020 Forecast Assumptions Crude Logistics Grand Mesa volumes average 800 129kbpd 700 3% increase to Grand Mesa rates per 90 600 FERC oil…
Credit Profile As Adjusted Debt Maturities as of 6/30/19 (In Millions) Pro Forma Debt & Preferred Equity Balances as of 6/30/19(2) 1,200 (In Thousands) As Adjusted 6/30/2019 6/30/2019 818 Debt 800 607 Expansion Capital Borrowings…
1st Quarter Update Segment Summary Quarterly Summary Performance (s In Millions) Crude Oil Logistics performed in line with expectations primarily due to strong results from Jun-19 Jun-18 Variance(%) Grand Mesa as the pipeline…
Key Investment Highlights Multiple business segments with significant geographic diversity reduce cash flow volatility Diversified and Presence in the highest rate of return oil & gas producing regions in North America as well as the…
Appendix 29
NGL Organizational Chart Members 100% 125,966,868 C.U. Outstanding NGL Energy Holdings LLC Limited Partners G.P. (DE LLC) 0.1% GP Interest 99.9% LP Interest IDRs NGL Energy Partners LP (NYSE: NGL) (DE LP) 100% NGL…
1Q20 Adjusted EBITDA & DCF Walk Three Months Ended June 30, 2019 2018 (in thousands) Net income (loss) 8,039 (169,289) Less: Net loss attributable to noncontrolling interests 268 345 Less: Net loss attributable to redeemable…
1Q20 & 1Q19 Adjusted EBITDA by Segment Three Months Ended June 30, 2019 Refined Products Corporate Discontinued Crude Oil Logistics Water Solutions Liquids and Renewables and Other Operations Consolidated (in thousands) Operating…
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