NGL Energy Partners LP Investor Presentation November 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 Water Solutions Crude Logistics Liquids and Marketing Water Volumes, Crude Oil Butane Blending Primary Drivers: Rig Count and Production and and Export, Crude Oil Price Transportation/ Weather and NGL…
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…
Balance Sheet Management Review NGLs Transformation Segments & Assets as of September 30, 2016 - 5 Diversified Business Units 1) Refined Products/Renewables (38%) 2) Liquids (22%) 3) Retail Propane (17%) 4) Water Solutions (14%) 5)…
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…
Delaware Basin SWD NGL has 58 active Salt Water Disposal Facilities & Facilities 112 active Disposal Wells & 31 Facilities in Texas and 27 in New Mexico Disposal NGL has 1 Solids Disposal Facility in-service at its Wells Orla…
Hillstone Environmental Hillstone Environmental Services: Services: Acquisition Acquisition Highlights Highlights On October 31st, 2019, NGL Energy Partners announced the closing of all the equity interests of Hillstone Environmental…
Hillstone Hillstone Enhances Enhances NGLs NGLs Delaware Delaware Basin Franchise Basin Franchise NGL Status Quo NGL Pro Forma Hillstone (2) Contract Length (1) 5.8 years 10.3 years (+78%) MVC Volumes 172 Mbpd 332 Mbpd…
Water Solutions Financial Overview Segment EBITDA FY 2020 Forecast Assumptions 350 Primary growth focused in the Delaware Basin (New Mexico) 300 270 - 300 Blended disposal rate of 0.60/bbl and operating expense of 0.33/bbl for each…
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 200 - 220 Total volumes average 129kbpd 200 181 Assume 3% increase to rates per FERC oil pipeline index starting July 1,…
Liquids and Marketing 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…
Liquids and Marketing Financial Overview Segment EBITDA (1) FY 2020 Forecast Assumptions (1) Propane/Butane Wholesale 160 134 Assumes a normal winter for volume and pricing 140 125 Fee-based business makes up 10%-15% of gross margin…
TPSL Divestiture Highlights Transaction Highlights Sold Assets - Map Transaction represents further progress toward NGL's capital allocation strategy Closed the sale of certain Refined Products / Renewables segment assets, including…
Financial Overview 19
Financial Objectives The Partnership has made significant strides with 2.1 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…
Credit Profile Debt Maturities as of 9/30/19 (In Millions) Pro Forma Debt & Preferred Equity Balances as of 9/30/19(2) 1,600 (In Thousands) 9/30/2019 6/30/2019 1,093 1,200 Debt Expansion Capital Borrowings 450,000 260,000 800 607…
2nd Quarter Update Segment Summary Quarterly Summary Performance (s In Millions) Crude Oil Logistics performed in line with expectations primarily due to strong results from Sep-19 Sep-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 25
NGL Organizational Chart Members 100% 128,040,420 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…
2Q20 Adjusted EBITDA & DCF Walk Three Months Ended September 30, Six Months Ended September 30, 2019 2018 2019 2018 (in thousands) (in thousands) Net (loss) income (201,366) 354,939 (193,327) 185,650 Less: Net loss attributable to…
2Q20 & 2Q19 Adjusted EBITDA by Segment Three Ended September 30, 2019 Refined Products Corporate Continuing Discontinued Crude Oil Logistics Water Solutions Liquids and Renewables and Other Operations Operations (TPSL) Consolidated…
2Q20 YTD & 2Q19 YTD Adjusted EBITDA by Segment Six Months Ended September 30, 2019 Refined Products Corporate Continuing Discontinued Crude Oil Logistics Water Solutions Liquids and Renewables and Other Operations Operations (TPSL)…
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