Skip to main contentRBC Capital Markets Midstream & Energy Infrastructure Conference – Martin Midstream Partners Lp Investor Presentation | Shale Experts
Martin Midstream Partners L.P. RBC Capital Markets Midstream & Energy Infrastructure Conference November 18-19, 2020 1
Company Information Martin Midstream Partners L.P. Forward-Looking Statements Statements about the Partnership's outlook and all other statements in this NASDAQ Ticker MMLP release other than historical facts are forward-looking…
Partnership Overview 3
Martin Midstream at a Glance Diversified Specialty Services Midstream Business with Operations Strategically Located along the Gulf Coast Operates four key business segments: Terminalling & Storage, Sulfur, Transportation and Natural…
Martin Midstream at a Glance 1 Diversified business model provides specialty product handling services Provides specialty product handling services for hard-to-handle products including molten sulfur, asphalt, sulfuric acid, liquid…
1 Diversified Business Model Terminalling & Sulfur Transportation Natural Gas Liquids Storage Operates 31 terminal Aggregates, stores and Tank truck transportation Purchases NGLs primarily facilities with aggregate transports…
Vertically Integrated Services Provides 2 for Gulf Coast-Centric Asset & Operational Footprint NE MO WV TN CA AR AL IL MS AZ HQ: Kilgore, TX TX LA FL Corporate Locations Natural Gas Liquids Sulfur…
3 Strong Fee-Based Contracts with Limited Commodity Exposure Segment Breakdown LTM 9/30/2020 Contract Mix Margin Based EBITDA Protection from Fixed Fee EBITDA Commodity Volume-Risk Price-Risk Price Volatility Smackover Refinery…
3 Long-Term Relationships, Key Customers Martins fixed fee and margin business provides a combination of Key customers represent long-term, spot and evergreen contracts with key customers. 44% of revenue Evergreen and spot…
4 Continued Capital Discipline to Strengthen Balance Sheet Strategic Improvements to Capital Structure Current Maturity Schedule (1) Fine-tuning Capital Structure Amended the Partnerships existing Revolving Credit Facility to extend…
4 Growth Strategy 3 2 Strategic Alliances 1 Internal Organic Growth Utilize industry knowledge, network of customers and suppliers, and strategic asset base to expand commercial alliances to drive Organic Growth Projects…
Experienced and Incentivized Management Team and 5 Strong Parent Support Martin Resource Management Corporation (MRMC) Martin Key has significantly assisted in MMLPs growth and is Resource Operating committed to the Partnership…
Terminalling & Storage - Strategy Segment Strategy Adj. Segment EBITDA from Continuing Operations (mm) (1) Well positioned for energy export projects at Beaumont (2) and Harbor Island terminals Growth in Grease Specialty Products…
Sulfur - Overview Stores and prills molten sulfur, manufactures and markets sulfur-based fertilizers and related sulfur products Molten Sulfur Fee-based Aggregates, stores and transports molten sulfur from Gulf Coast Molten Sulfur…
Sulfur - Strategy Segment Strategy Adj. Segment EBITDA from Continuing Operations (mm) (1) Largest factor influencing sulfur-based fertilizers in the U.S. is (2) corn acres planted Significant challenges during the 2018 and 2019…
Transportation - Overview Tank truck and marine transportation for the petroleum, petrochemical and chemical industries Land Transportation Fee-based, tank truck transportation catering to Products Handled petroleum, petrochemical and…
Transportation - Strategy Segment Strategy Adj. Segment EBITDA from Continuing Operations (mm) (1) Logistics refinery demand driven by new chemical plants as well as refinery utilization and expansion on the Gulf Coast Expand…
Natural Gas Liquids - Overview Purchases NGLs primarily from refineries and natural gas processors then stores and transports NGLs for delivery to refineries, industrial NGL users and wholesale delivery to propane retailers Butane…
Natural Gas Liquids - Strategy Butane Strategy Adj. Segment EBITDA from Continuing Operations (mm) (1) MMLP purchases at discount to Mont Belvieu price in the summer months and sells at premium to Mont Belvieu price in the winter…
Appendix 22
Capitalization 9/30/2020 Cash 1.9 Cash & Equivalents 1.9 Revolving Credit Facility 205.0 Capital Leases 3.5 Secured Debt 208.5 7.25% Senior Unsecured Notes Due February 2021 28.8 10.00% Senior Secured Notes Due February…
Performance Metrics Revenue (mm) PF Adjusted EBITDA (mm) (1) Distributable & Free Cash Flow (mm) Capital Expenditures (mm) 135mm acquisition of Martin Transport in (3) January 2019 at an attractive 5.7x multiple (4)…
Credit Profile Total Debt (mm) (1) Total Debt/PF Covenant Compliance EBITDA (2) PF Covenant Compliance EBITDA/Adj. Interest Expense (2) (1) Total debt is net of Inventory Sublimit, subject to a cap on Inventory Sublimit…
Loading...
