Annual Meeting of Limited Partners Houston, TX June 3, 2014
INVESTMENT HIGHLIGHTS o Over 125 years of continuous operations, with a 27- year track record as a publicly traded MLP on the NYSE oPaid cash distributions each quarter since formation in 1986 o Best practices initiative…
ORGANIZATIONAL OVERVIEW Three Business Operating Units Buckeye owns and operates a diversified network of integrated assets providing midstream logistic solutions Domestic Pipelines & Terminals LTM(1) Adjusted EBITDA One of the…
PIPELINE AND TERMINAL SYSTEM MAP Copyright 2014 Buckeye Partners, L.P. 5
CRUDE OIL DIVERSIFICATION Buckeye is successfully leveraging its assets to provide crude oil logistics solutions to producers and refiners wherever possible Perth Amboy St. Lucia o Crude by rail capability to be completed Q3 2014 o…
GROWTH CAPITAL INVESTMENTS Nearly 6 Billion Invested Since 2008 Key Acquisitions 2014 Internal Growth Capital Projects 2013 o Transformation of Perth Amboy terminal into highly efficient, o Hess terminal network, 850.0 million…
HESS TERMINALS ACQUISITION Unique opportunity to acquire a collection of terminals that are highly complementary with Buckeye's existing operations and enhances Buckeye's vision of creating a world-class, integrated terminal network…
GREEN INITIATIVES o Electric Power Efficiency Initiatives o Use of drag reduction agents reduces electricity use by almost 100 million kilowatt hours annually, equivalent to annual electricity use of 8,350 homes, thereby…
INVESTMENT SUMMARY o Proven 27-year track record as a publicly traded partnership through varying economic and commodity price cycles o Stable fee-based cash flows derived from throughput volumes, tariffs and terminalling and…
NON-GAAP RECONCILIATIONS In millions, except coverage ratio 2010 2011 2012 2013 1Q14 LTM(3) Adjusted EBITDA from continuing operations (1)(2) : Pipelines & Terminals 346.4 361.0 409.5 471.1 126.7 482.4 Global Marine Terminals (4.7)…