Integrated Midstream Solutions Annual General Meeting May 7, 2014
Agenda Gibsons corporate profile and value proposition 2013 accomplishments Industry update and current opportunities 2014 priorities Gibson Energy Inc. TSX:GEI 3
Corporate Profile Incorporated 1950 Initial Public Offering 2011 TSX Symbol GEI Market Capitalization* 3.7 billion Enterprise Value* 4.4 billion Dividend per share 0.30/quarter Current Dividend yield 4.0% * Based on May 2,…
Capturing the Opportunities Gibson offers an extensive operating footprint in key oil growth basins: Gibson Energy Inc. TSX:GEI 5
Gibsons Value Proposition Strategic under-developed asset base Cash Flow Track record of accretive acquisitions 28% CAGR in annual distributable cash flow (2011 to 2013) Growth 590+ million in budgeted growth capital expenditures…
Strong Investor Returns 120% 100% 80% 107 % Total Shareholder Return since IPO 60% 40% 20% Total Return (Equity + Dividends) Equity Return 0% *As at May 2, 2014 Gibson Energy Inc. TSX:GEI 7
2013 Accomplishments Category Key 2013 Goals Achievement Be an employer of choice Achieved Aon Hewitts Top 50 Continue to focus on Health, Employers in Canada Corporate Identity Safety, Security and the Improved our performance on…
2013 Accomplishments Category Key 2013 Goals Achievement Be an employer of choice Achieved Aon Hewitts Top 50 Continue to focus on Health, Employers in Canada Corporate Identity Safety, Security and the Improved our performance on…
2013 Accomplishments Category Key 2013 Goals Achievement Be an employer of choice Achieved top 50 Employers in Canada Continue to focus on Health, by Aon Hewitt. Corporate Identity Safety, Security and the Improved our performance…
2013 Accomplishments Category Key 2013 Goals Achievement 2013 activity dampened by wide bid / ask spreads Continue to pursue accretive deals Acquisitions Recent success with that align with our long term vision announcement of two…
2013 Accomplishments Category Key 2013 Goals Achievement 2013 activity dampened by wide bid / ask spreads Continue to pursue accretive deals Acquisitions Recent success with that align with our long term vision announcement of two…
Annual Distributable Cash Flow* Growth Meaningful cash flow growth achieved since going public in 2011 Future growth profile facilitated by portfolio of organic investment projects Millions 300 250 253 200 183 150 122…
Dividend Growth Stable, secure dividend that is expected to grow as business cash flow grows Attractive current dividend yield of 4.0% Historical Dividend Amounts and Increases 1.20 1.20 /Share 9% Increase 1.10 1.10 6%…
Industry Update and Current Opportunities Continued growth in North American oil and liquids production Increasing demand for waste water treating and other related environmental services Albertas oilsands sector remains healthy…
2014 Priorities Deliver continued EBITDA and dividend growth by remaining focused on: Health, safety, security and the environment Providing innovative midstream solutions to our customer base that contribute to our organic growth…
Current Growth Projects Strategic Assets at Edmonton and Hardisty Majority of all Alberta oil exports aggregate in Zama Rainbow Lake ALBERTA Edmonton or Hardisty Taylor Gibson owns and operates key terminal, blending, Prince…
Current Growth Projects Development Timelines at Edmonton and Hardisty Terminal 2014 2015 2016 Hardisty Crude by Rail 120,000 bbls/d Hardisty 2 x 400,000 bbl tanks Edmonton Storage optimization Hardisty 400,000 bbl and…
Current Growth Projects Edmonton & Hardisty Terminals Gibson Energy Inc. TSX:GEI 19
Current Growth Projects Environmental Services - Construction and expansion of oil production processing, recovery and disposal (PRD) infrastructure in the WCSB - Planning 4 to 6 new facilities to be in-service in the next 18…
2014 First Quarter Results Delivered strong profitability across all business segments including: record Q1 Environmental Services results despite extremely challenging weather conditions robust increase in Propane segment…
Recent Propane Business Acquisitions April 14, 2014 - Gibson announced two acquisitions: Closing the acquisition of Stittco Energy Limited Entering into a letter of intent to acquire Cal-Gas Inc. Combined, these acquisitions:…
Summary 60+ years of midstream knowledge and experience Strategic and difficult-to-replicate asset base in growing oil basins Integrated business segments generate synergies and a stable, balanced cash flow profile Track record…
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