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Howard Weil Conference – Dakota Plains Holdings Inc.

Dakota Plains Holdings Inc. · Mar 24, 2014 · 22 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. Howard Weil Conference – Dakota Plains Holdings Inc. – slide 1
    OTCQB: DAKP HOWARD WEIL CONFERENCE NEW ORLEANS MARCH 24, 2014 WWW.DAKOTAPLAINS.COM
  2. Howard Weil Conference – Dakota Plains Holdings Inc. – slide 2
    COMPANY OVERVIEW Corporate: HQ Wayzata, MN 8 person staff Financial: market cap: 105m net debt: +3m OTC QB: DAKP Bakken rig activity March 2014 Frac Sand-by-Rail: transloading for UNIMIN Corp Pioneer Terminal: New Town,…
  3. Howard Weil Conference – Dakota Plains Holdings Inc. – slide 3
    NORTH DAKOTA PRODUCTION & TRANSPORTATION Brent/WTI spread /bbl North Dakota production Rail volumes bbl/day total rail volume Pipeline capacity Pipeline volumes Rail displacing pipeline Sources: North Dakota…
  4. Howard Weil Conference – Dakota Plains Holdings Inc. – slide 4
    RAIL TERMINAL COMPETITIVE LANDSCAPE FOR 2014 throughput capacity forecast for 2014, bpd DAKP 2014E is 45,000 bpd or about 60% of nameplate capacity Source: Lipow Oil Associates and DAKP management 5
  5. Howard Weil Conference – Dakota Plains Holdings Inc. – slide 5
    PIONEER LOCATION HEART OF THE BAKKEN avg. service radius 25 miles key competitors Bakken Heat Map January 2014 publication 6
  6. Howard Weil Conference – Dakota Plains Holdings Inc. – slide 6
    PIONEER TERMINAL SUPPLY & OFFTAKE CUSTOMERS Suppliers Destinations St John Albany Bakersfield Philadelphia Shreveport Walnut Hill St James Galveston 7
  7. Howard Weil Conference – Dakota Plains Holdings Inc. – slide 7
    PIONEER TERMINAL IN NEW TOWN, ND UNIMIN FRAC SAND STORAGE SILOS 180K BBLS STORAGE, 270K PERMITTED INBOUND PIPELINES FOUR LADDER TRACKS FOR FUTURE INBOUND 10 TRUCK OFFLOAD STATIONS 10 STATION RAIL LOADING 70 ACRE INDUSTRIAL…
  8. Howard Weil Conference – Dakota Plains Holdings Inc. – slide 8
    PIONEER TERMINAL IN NEW TOWN, ND 9
  9. Howard Weil Conference – Dakota Plains Holdings Inc. – slide 9
    UNIMIN Frac Sand Business Construction area north side of Pioneer Terminal 750,000 t.p.y. frac sand storage & transloading terminal 8,000 tons of fixed storage, quad high-speed truck loadouts, and new track capacity for 70…
  10. Howard Weil Conference – Dakota Plains Holdings Inc. – slide 10
    JOINT VENTURE CRUDE OIL VOLUMES 30 add 3rd storage tank 25 Millions of barrels per year Today with 2 20 storage tanks SUSTAINABLE TRANSLOADING CAPACITY 15 10 5 - 2010 2011 2012 2013 2014E Transloading Marketing…
  11. Howard Weil Conference – Dakota Plains Holdings Inc. – slide 11
    2013 RECAP Delivered Pioneer Terminal expansion project under 50 million budget and on-time (9 months construction); increased nameplate capacity from 30,000 bpd to 80,000 bpd Funded Pioneer via restricted cash and new project credit…
  12. Howard Weil Conference – Dakota Plains Holdings Inc. – slide 12
    STRATEGIC OBJECTIVES Increase Pioneer transloading gross throughput to 45,000 bpd on average, including 3rd party volumes beyond 30,000 bpd estimate for marketing Haul 6 million barrels of crude oil with trucking joint venture…
  13. Howard Weil Conference – Dakota Plains Holdings Inc. – slide 13
    FINANCIAL OUTLOOK 2014 Transloading Marketing Trucking Sand Total Income/bbl from the JVs to DAKP, /bbl Conservative 0.55 0.30 0.25 1.10 High Side 0.55 1.35 0.25 2.15 Expected volume, bpd 45000 30000 16000 UPSIDE POTENTIAL Income…
  14. Howard Weil Conference – Dakota Plains Holdings Inc. – slide 14
    CONSOLIDATED BALANCE SHEET 12/31/2013 millions Current Assets 21.3 * Property and Equipment 53.7 Investment in DPTS Marketing, LLC 11.5 Other 0.6 Total Assets 87.1 Current Liabilities 9.8 ** Long-Term Liabilities 7.7M…
  15. Howard Weil Conference – Dakota Plains Holdings Inc. – slide 15
    CONCLUSIONS Dakota Plains and its partners have created an efficient, state-of-the-art rail terminal and integrated midstream operation in New Town, ND, in the heart of the Bakken/Williston Basin Pioneer Terminal is the fourth largest…
  16. Howard Weil Conference – Dakota Plains Holdings Inc. – slide 16
    APPENDIX
  17. Howard Weil Conference – Dakota Plains Holdings Inc. – slide 17
    AT A GLANCE Serves top producing counties in North Dakota - Mountrail and McKenzie counties Strategic At terminus of Canadian Pacific line, which offers enhanced rail access and reduced congestion Location Unique road access to…
  18. Howard Weil Conference – Dakota Plains Holdings Inc. – slide 18
    2013 QUARTERLY PERFORMANCE millions 1Q 2Q 3Q 4Q Cash and Restricted Cash 30.4 28.3 11.8 18.5 Outstanding Promissory Notes 26.6 26.6 26.6 7.7 WFS 20M Credit Facility Utilization - - - 7.5 Rental Income 0.1 0.1 0.1 0.1 Income…
  19. Howard Weil Conference – Dakota Plains Holdings Inc. – slide 19
    ADJUSTED EBITDA Year Ended December 31, 2013 2012 2011 Net Income (Loss) (1,725,364) (2,000,670) (3,110,791) Add Back: Income Tax Provision (Benefit) (1,054,000) (1,380,541) (2,007,000) Depreciation and Amortization 179,546 165,313…
  20. Howard Weil Conference – Dakota Plains Holdings Inc. – slide 20
    2014 G&A millions Compensation 3.0 Legal 1.5 Professional Fees (i.e. Consultants, Accounting Services) 1.0 Other 0.5 Total G&A 6.0 21
  21. Howard Weil Conference – Dakota Plains Holdings Inc. – slide 21
    CORPORATE STRUCTURE Dakota Plains Holdings, Inc (Nevada) Crude Oil Joint Venture Entities Trading & Dakota Plains DPTS 50% Petroleum Transport Transportation Marketing, LLC Marketing, LLC 50% (Minnesota) Solutions, LLC…
  22. Howard Weil Conference – Dakota Plains Holdings Inc. – slide 22
    NORTH DAKOTA RAIL TERMINALS Global/Basin Stampede - CP c. 70k bpd Plains All American 3rd Party OK Hess Ross BNSF Inergy Midstream Storage 200k Tioga - BNSF c. 65k bpd Epping - BNSF Gathering c. 70k bpd c. 100k bpd Robinson…

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