Genesis Energy Investment Overview Genesis Energy, L.P. operates a diversified collection of high-quality infrastructure assets and world-class businesses with significant upside and operating leverage with little to no growth capital…
Key Investment Considerations Market Leading Businesses with High Barriers to Entry 1 Genesis is a market leader in four critical businesses (1) Deepwater Gulf of Mexico (GOM) pipeline transportation, (2) Producer & marketer of U.S.…
Market Leading Businesses / High Barriers to Entry Genesis Total LTM Offshore Pipeline Transportation Segment Margin 599 MM(a) Practically irreplaceable integrated asset footprint focused on transporting crude oil produced from the…
Diversified & Long-Life Infrastructure Assets Key Business Fundamentals Long-Life Infrastructure Assets Offshore Pipeline Transportation Deepwater crude oil production growth 2,400 miles of pipelines and platforms focused on deepwater…
Operating Leverage with Minimal Capital Required Growth Drivers Operating Leverage Offshore Pipeline Transportation Anticipated increase in Gulf of Mexico crude oil volumes Existing connectivity and excess capacity to driving both…
Improving Financial Fundamentals & Guidance Current Business Segment Outlook Offshore Pipeline Sodium Minerals & Onshore Facilities & Marine Transportation Sulfur Services Transportation Transportation BPs Argos / Mad Dog 2…
Unitholder Alignment / Long-Term Value Creation Unitholder Alignment Long-Term Value Creation NO incentive distribution rights (IDRs) with non-economic Management has a track record of acquiring and developing General Partner (no…
Actively Participating in Green Initiatives Helping Facilitate the Energy Transition & Lower Emission Activities Sodium Minerals & Sulfur Services Our soda ash business should increasingly participate in multiple renewable energy themes…
Business Segment Detail
Offshore Pipeline Transportation Overview World Class Footprint in Leading North American Basin Long-Term Value Creation Stability and Future Growth Historical CHOPS & Poseidon gross daily volumes(b) Beginning in 2010 with the…
Offshore Pipeline Transportation Asset Summary Leading Gulf of Mexico Midstream Service Provider 2,400 miles of pipelines and associated platforms primarily Deepwater to Shore Crude Oil Pipeline Solutions located in the Central Gulf of…
Gulf of Mexico Crude Oil Production Continued Growth in the Deepwater Gulf of Mexico Crude Oil Production(a) Deepwater Gulf of Mexico crude oil production increased by 55% from 2013 - 2020 Non-Deepwater Deepwater (1,000 ft.) Avg. Crude…
Central Gulf of Mexico Overview Robust Inventory of Future Growth Ram Powell Petronius Stonefly Horn Mountain Delta House Nearly Headless Nick Lobster Spruance Selected Recent Developments / Key FID Katmai Bullwinkle…
Gulf of Mexico - Active Federal Leases Proximity to Existing Leases Creates Stability and Opportunity Robust number of active Federal leases in the Gulf of Mexico Since 2020, volumes were produced from 20% of the active Federal leases…
Gulf of Mexico Lower Carbon Intensity Regulatory Oversight Helps Drive Lower Carbon Footprint Gulf of Mexico Plays Leading Role(a) Significant Regulatory Oversight(b) Barrels produced from the Gulf of Mexico are the least The leasing…
Central Gulf of Mexico Midstream Dynamics Uniquely Positioned with Available Capacity to Capture Additional Volumes Uniquely positioned with maximum optionality and available capacity to CHOPS / Poseidon Available Capacity to…
Case Study: Poseidon Oil Pipeline Irreplaceable Crude Oil Pipeline in the Central Gulf of Mexico Poseidon Oil Pipeline is a high barrier to entry pipeline transporting Steady Volumes Through Commodity Cycles central Gulf of Mexico…
Buckskin Development Overview Meaningful EBITDA Contribution with No Capital Requirements Achieved first oil in June 2019; developing field with two phase I wells with target production rate of 30kbd(a) 100% of production for the life…
Sodium Minerals Overview Largest North American Producer of Low Cost Natural Soda Ash Market leading position with highly consistent cash flow profile Genesis has Largest Trona Lease Holding in U.S. and significant barriers to entry…
Soda Ash Market Summary Supply / Demand Balance Expected to Remain Tight over Long-Term No new significant global natural supply expected to be online until Historical U.S. Natural Soda Ash Pricing(a) late 2023+ U.S. demand is…
Soda Ash Demand Drivers Growing Global Demand (Ex. China) Driven by Emerging Middle Class & Green Initiatives Soda ash demand is driven by a diversified set of global end 2020 Global End-Markets (%)(a)(b) markets Metals / Lithium…
Lithium Demand Driving Soda Ash Demand Electric Vehicles and Battery Storage Supporting Future Growth Lithium is similar to soda ash with two methods of production: Brine is the low cost method and predominantly found in Latin America…
Natural Soda Ash Cost Advantage Low Cost Position Drives Stable Cash Flow Generation Genesis is a low cost producer of natural soda ash Average cost to produce natural soda ash is 50% of the cost to produce synthetic soda ash…
Natural vs. Synthetic Soda Ash Natural Soda Ash Combines Lower Energy Usage with a Lower Carbon Footprint Approximately 71% of the worlds soda ash is produced synthetically through the Solvay process or the Hou process(a) The Solvay…
Granger Facility Expansion Overview Granger Pre-Expansion Genesis plans to invest up to 350 million (includes contingency) to expand its Granger soda ash facilities (the Granger Optimization Project or GOP) by approximately 750k tons…
Sulfur Services Overview Market Leader of NaHS Production and Leading Provider of Sulfur Removal Services Produce sodium hydrosulfide (NaHS) through proprietary Sales by Industry(a) process reacting high hydrogen sulfide (H2S) gas with…
Facilitating Lower Refinery Emissions NaHS Technology Helping Reduce Host Refinery and End Customer Emissions Proprietary technology used to facilitate the eco-friendly NaHS Production Process removal of sulfur entrained in crude oil…
Onshore Facilities & Transportation Overview Integrated Asset Footprint with Exposure to Significant Refinery Demand Baton Rouge Complex Texas City Terminal Raceland Terminal Other Legacy Onshore Assets Underpinned by take-or-pay (ToP)…
Marine Transportation Overview Bottom of the Cycle & High Degree of Operating Leverage Inland barges are all asphalt capable, heated barges primarily Genesis Marine Equipment utilized in black oil service American Inland Offshore…
Appendix & Reconciliations
Corporate Information Debt and Preferred Equity Profile & Corporate Structure Balance Sheet Overview Corporate Structure(a) Committed to long-term leverage ratio of 4.00x(b) Series A Class A Class B Convertible No near-term…
Environmental, Social & Governance (ESG) Supporting Business Priorities & Our Investors Through ESG Genesis is committed to operating its business in a responsible and sustainable manner Understanding, monitoring, engaging and…
Balance Sheet & Credit Profile Leverage Ratio & Common Unit Distribution Coverage Ratio ( in 000s) 9/30/2021 Senior secured credit facility 430,577 Senior Unsecured Notes 2,929,000 Less: Outstanding inventory financing sublimit…
Reconciliation Segment Margin ( in 000s) 3 months ended LTM September 30, YTD 9/30/2021 2021 2021 2020 2019 2018 Net Loss Attributable to Genesis Energy, LP (181,961) (20,899) (96,805) (416,678) 95,999 (6,075) Corporate general and…
Reconciliation Available Cash Before Reserves ( in 000s) 3 months ended LTM September 30, YTD 9/30/2021 2021 2021 2020 2019 2018 2017 Net loss attributable to Genesis Energy, L.P. (181,961) (20,899) (96,805) (416,678) 95,999 (6,075)…
Reconciliation Select Items ( in 000s) 3 months ended LTM September 30, YTD 9/30/2021 2021 2021 2020 2019 2018 Applicable to all Non-GAAP Measures Differences in timing of cash receipts for certain contractual arrangements (a) 19,070…
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