American Midstream Partners, LP Investor Presentation January 2014
COMPANY OVERVIEW 3
American Midstream Partners, LP NYSE Ticker AMID Quarterly Distribution 0.4525 per unit (1.81 per unit annualized) Yield (1) 6.9% Equity Market Cap (1,2) 283.0 million Enterprise Value (1,2,3) 534.6 million Outstanding Limited…
Key Investment Highlights Early stage growth company with 2013 annual total return of 111.4%1 Acquisitions and development supported by experience and financial strength of Credible Growth General Partner (GP) sponsor Strategy…
Diversified and Strategically Located Assets Assets primarily located in Alabama, Louisiana, Mississippi, Tennessee, Texas and Georgia1 Eleven gathering systems, three processing facilities2, one fractionation facility, three…
Growth Strategy Leverage development and operating expertise to establish new asset platforms within or outside of existing geographic footprint Asset Development General Partner can develop strategic assets in conjunction with AMID…
Penn Virginia System Overview Acquisition of a natural gas gathering and redelivery system in the Eagle Ford shale for 100 million1 PVA Acreage New system constructed in 2011 and located in the East Oil and East Gas Condensate…
Current Penn Virginia System Operations PVA is currently running six operating and one nonoperated rig in the Eagle Ford and has more than 890 remaining drilling locations1 Provides a drilling inventory for approximately 10 years at…
Blackwater Midstream Drop Down Immediately accretive 60 million acquisition from ArcLight Blackwater Assets Adds significant feebased cash flow with no direct commodity exposure, distribution support, optimal scale, and additional…
Anticipated Eagle Ford Drop Down On May 8, 2013, American Midstream and High Point Infrastructure Partners (High Point), which controls the general partner of American Midstream, announced a longterm, feebased agreement to provide…
FINANCIAL REVIEW / UPDATE 13
Financial Review 3Q Financial Results* Gross Margin by Gross Margin by Segment Contract Type ( in thousands) 3Q13 3Q12 Fixed Margin 4% Gross Margin 18,552 12,978 Adjusted EBITDA 7,100 4,073 Fee Based Commodity Trans.40%…
Why Invest in American Midstream Significant Growth Competitive Advantage Financial Strength Early stage company with Undertheradar growth Supported by experienced meaningful growth potential materially benefits small sponsor as…
Appendix NonGAAP Financial Measures NonGAAP Financial Measures This presentation includes forecasted and historical nonGAAP financial measures, including Gross Margin, Adjusted EBITDA and Distributable Cash Flow. The GAAP measure most…
Appendix Reconciliation of NonGAAP Financial Measures Three months ended September 30, 2013 2012 Net (loss) income attributable to the Partnership (2,556) (4,275) Add: Depreciation and accretion expense 6,458 5,504 Interest expense…
Loading...
