Southcross Overview Traditional Gathering and Processing MLP South Texas and Eagle Ford Leveraged to Eagle Ford Shale growth Conroe Integrated business from gathering through NGL fractionation Proven ability to develop organic…
Southcross History 2009 2010 2011 2013 2012 Acquired core assets Expanded Gregory Won anchor Completed Woodsboro processing plant contracts for Eagle expansion of Bonnie completed Ford expansion View fractionator Built and…
Senior Management Team Name / Title Years Previous Experience David Biegler 45+ Chairman & CEO Estrella Energy Chairman, President & CEO Chairman & Co-Founder Regency Gas Services Vice Chairman, President & COO TXU Corp Chairman,…
Integrated Business Model with Scale and Scope Southcross Services Competitive Advantages Natural gas gathering, processing, treating, Location compression and transportation Proximate to prolific Eagle Ford shale production…
Snapshot of the Eagle Ford Almost One Third of Upstream Spending in US Lower 48 US Shale Gas Production (billion cubic feet per day) Top liquids producing Eagle shale in world Ford Spending Capital spending could 27% surpass…
Southcross in the Eagle Ford Processing Plant Fractionator Pipeline System 2,730 miles of total pipeline including 1,585 miles in Texas 27,300 barrels per day of fractionation capacity (2 NGL fractionators) 385 MMcf/d of…
Source: Wells Fargo Securities 8
Growing Downstream Business Conroe Vast majority of North American ethane cracking capacity is on the Gulf Coast and is expanding NGL and LNG export terminals near Corpus Christi are in progress Southcross has advantaged…
U.S. Petrochemical Expansion CP Chemical CEO announced permits filed for 1.5 MM mt/yr ethylene plant at Cedar Bayou, TX to be completed in 2017 Source: Company Dow Chemical statement December 4 billion investment to 2011…
Residue and Dry Gas Downstream Competitive Advantages of Dry Gas System Multiple gas sale outlets, including Southcross direct connections to industrial markets Diverse market outlets are an advantage in attracting producer…
Alabama & Mississippi Alabama Alabama Primarily fixed-fee compression and transportation Interconnect services Compressor 100% non-commodity price sensitive margins Deliveries to end-users and interstate pipelines Acquired…
Positioned For Future Opportunity Focus on increasing profits and distributable cash flow Strengthen Expand Fill current Build new foundation downstream processing capacity as for future business capacity Eagle Ford growth…
Southcross Investment Summary Strategically located asset base leveraged to Eagle Ford shale growth Integrated midstream assets from gathering through NGLs Leveraged to increasing opportunities in downstream NGL and residue…
Southcross Fact Sheet NYSE Ticker SXE Total Units 24.4 million units(1) Unit Price 21.12(2) Market Capitalization 515 million(2) Debt at March 31, 2013 246 million Quarterly Distribution 0.40 per unit (1.60 per unit on an…
Non-GAAP Measures SXE has used the non-GAAP financial measures of Adjusted EBITDA and distributable cash flow. SXE provides reconciliations of these non-GAAP financial measures to their most directly comparable financial measure as…
First Quarter Summary Three Months Ended March 31, 2013 2012 Reconciliation of net (loss) income to Adjusted EBITDA and distributable cash flow: Net (loss) income (6,382) 6,236 Add: Depreciation and amortization expense 7,249…
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