Ferrellgas Partners, L.P. Wells Fargo Securities 2014 Energy Symposium
Ferrellgas Partners: An American Success Story Founded in 1939 75th anniversary of operations; a trusted consumer brand to millions of Americans 20th anniversary as a publicly traded, master limited partnership (NYSE: FGP) A…
Our Growing List of National Brands and Product Offerings Retail propane Energy logistics and Portable tank wholesale propane exchange Midstream water logistics Consumer products Consumer products 4
An Extensive Nationwide Footprint Serving Our Propane Consumers Residential, Commercial, Agricultural, Portable Tank Exchange and Autogas customers in all 50 states 5
Blue Rhino Its not just propane The undisputed leader in propane tank exchange Cultivator of new national accounts; 46,000 serving the retail nations locations largest nationwide; retailers and growing A focus on…
A Strategic Focus Towards Further Diversifying Operations In fiscal 2014, Ferrellgas established a Midstream operating division with 3 acquisitions in the Eagle Ford shale region of south Texas September 2014 Announced May 2014…
Fiscal 2014: Continuing to Lay the Foundation for the Future 3rd record financial performance in the last 5 years; 6th in the last 9 A proven track record of producing results for investors Record Adjusted EBITDA of 288 million;…
Laying the Foundation for the Future, contd Equity yield in the healthy, low-7% range; a proven source of growth capital Sellers of operations taking back FGP equity as a strong reinvestment for the future Credit/outlook…
Earnings Guidance Suggests Another Record Year is Ahead Fiscal 2015 Adjusted EBTIDA guidance of 300 to 320 million will provide DCF coverage of 1.16x to 1.28x 10
Significant Employee Ownership Aligning Investor Interest Employee Stock Ownership Trust (ESOT) Stable, Long-term 100% Ownership Base Ferrell Companies, Inc. (FCI) 22,776,251 Common Units 100% Employees very James E.…
Balanced Capital Structure; Managable Debt Maturities Calendar Year Principal (in millions) Amount 2014 2015 2016 2017 2018 2019 2020 2021 2022 Ferrellgas, L.P. Senior Credit Facility (1) 600.0 ***** AR Securitization factiliy (2)…
Overview of Midstream Operations 13
Overview of Sable Environmental Ferrellgas established its Midstream division with an initial focus on salt water disposal and fluid logistic Acquired Sable Environmental, LLC (Sable) on May 1, 2014 Including the purchase of Sable…
Facilities Well Positioned to Serve the Nations Largest Producers 15
Aerial View of Helena SWD Location 16
Our Focus For Midstream Growth Ferrellgas is a national provider of energy logistics, with management experienced in hauling, terminalling and storing energy and related products Seeking to further diversify our cash flow with…
Overview of Propane Operations 18
For 75 Years, A Trusted Provider of Propane For Americans Fleet of over 1,600 bulk Over 46,000 tank exchange selling Fleet of 146 transport tractors and delivery trucks locations and 20 million annual significant common carrier…
Nationwide Footprint A True Competitive Advantage 20
A Proven Industry Consolidator Leveraging our nationwide footprint to profitability consolidate a fragmented retail propane marketplace 21
Investor Summary Long standing operator of strategic energy assets in the United States History of managing the business for the long-term benefit of investors 20-year, capital markets issuer of public debt and equity…