2014 NAPTP MLP Investor Conference May 2014 www.oiltankingpartners.com
Key Investment Highlights Prime location in the Gulf Coast Strategically located Superior deep water access and dock infrastructure assets with unmatched connectivity Pipeline connectivity to 23 key facilities Truck and rail unloading…
Overview of Our Sponsor Oiltanking Group is the worlds second largest independent storage provider for crude oil, refined products, liquid chemicals and gases Marquard & Bahls Privately owned for more than 65 years 8,560 employees…
Partnership Overview www.oiltankingpartners.com 5
Business Overview We are a critical logistic link between the upstream and downstream segments of the crude oil, chemical and natural gas liquids industries Terminaling, storage and transportation services for crude oil, refined…
Overview of Our Assets Our Houston and Beaumont terminals are critical Gulf Coast hubs Houston Beaumont Houston Beaumont Total Pro forma storage capacity through 2015 (MMBbls) 23.2(1) 5.5 28.7 Additional expansion capacity…
Changing Crude Logistics OILT is uniquely positioned to take advantage of opportunities in this dynamic market Longhorn Pipeline Keystone Pipeline Alberta Basin Keystone Gulf Coast Expansion Kinder Morgan Eagle Ford Pipeline Alberta…
Unsurpassed Connectivity In Houston Market www.oiltankingpartners.com 9
Stable Cash Flow Profile Our 100% fee-based business model delivers stability and growth 5% Storage Service Fees 40% LTM Total Revenues Throughput Revenue Fees (as of 3/31/2014) 55% 230.7 million Ancillary Services Fees…
Growth In All Service Lines The Partnership has realized strong growth in all service lines (Revenue millions) 250 231 211 200 CAGR = 21.7% 150 135 Ancillary 116 117 101 Throughput 100 Storage 79 50 0 2008 2009…
Diversified Revenue Mix Our long-term relationships with high-quality customers are a key asset Average contract life 7 years with excellent re-contracting history More than 80% of our customers are investment grade Average length of…
Stability of Cash Flows Our business model has delivered steady growth regardless of market conditions Revenue (million) Terminal Throughput (kbpd) 250.0 230.7 CAGR = 21.7% 1,250 211.0 1,064 1,061 200.0 1,000 822 785 772 150.0…
Multiple Avenues for Growth We continually evaluate opportunities to build on our solid growth foundation Changing North American energy landscape Export growth and export opportunities Product hub development Organic Growth…
Crude Oil Expansion Footprint Crossroads Appelt III (1) Future Oiltanking Pipelines (3.5 MMBbls) Existing Oiltanking Pipelines Pipelines Appelt I (3.2 MMBbls) Appelt II (3.3 MMBbls) Oiltanking Houston (13.2…
Crude Oil Expansion Projects Project Appelt I Appelt II Appelt III 104 million project investment 70 million project investment 3.3 MMBbls of new crude storage 101 million project investment 3.2 MMBbls of new crude storage…
Port of Houston Lease 58 acres immediately adjacent to Oiltanking Houstons western fence line Lease effective May 1, 2014 and term expires October 31, 2038 Evaluating a number of attractive projects that could be located at the…
Crossroads Pipeline Projects 24-inch and 36-inch pipelines connecting the Houston terminal and Crossroads Junction provide unmatched access for our customers 24-inch Pipeline (Northbound) Will provide additional connectivity between OTH…
LPG Export Agreement and Dock Expansion New 50-year contract beginning February 1, 2014 Monthly Loading Capacity (MMBbls) PreMarch March 2013 Q1 2015 EOY 2015 2013 Expansion 18.0 16.0 16.0 14.0 12.0 10.0 9.0 7.5 8.0 6.0…
Ethane Export Option Enterprise Products Partners, L.P. has announced its intention to build an ethane export terminal and is exploring locations on the Texas Gulf Coast Enterprise has executed long-term contracts to support the…
Identified Organic Projects We are in the final stages of our evaluation of several projects that have strong customer interest Strong customer demand for an Oiltanking crude presence in Beaumont market Pipelines bringing increasing…
Beaumont Property Beaumont Waterfront 4.0 MMBbls of Storage 5-6 MMBbls of Expansion Land Beaumont Remote 1.5 MMBbls of Storage 20 MMBbls of Expansion Land www.oiltankingpartners.com 23
Additional Avenues of Organic Growth Our locations and connectivity provide an attractive platform for additional growth Current Trends OILT Growth Initiatives Fewer import cargos Crude movements to East Coast and Potential further…
Financial Overview www.oiltankingpartners.com 25
Financial Profile We are well positioned to achieve our ambitious growth objectives Long-term focus on a balanced capital structure 150 million revolver, expandable to 225 million Capitalize on Financial (undrawn as of Q1 2014)…
Proven Track Record of Growth Tank Capacity at Year End (MMBbls) EBITDA (mm)(1) CAGR = 8.3% CAGR = 31.5% 30.0 180.0 28.7 159.9 25.6 150.0 145.3 24.0 21.7 120.0 17.3 17.7 18.0 16.8 16.4 15.2 90.0 80.6 12.0 65.3 67.5…
Delivering Consistent and Sustainable Distribution Growth We have grown our distribution every quarter our fourth quarter distribution represented a 5.3% increase over the prior quarter and a 22.2% increase over the prior year 1.98…
Financial Data Net income and adjusted EBITDA continue to see record growth, while maintaining conservative leverage (in thousands) Years Ended December 31, 2008 2009 2010 2011 2012 2013 LTM Reconciliation of Adjusted EBITDA from…
Current Summary Organizational Structure Marquard & Bahls AG Oiltanking Holding Americas 7,949,901 OILT Common Units Public Unitholders 19,449,901 OILT Subordinated Units 14,100,000 Common Units Incentive Distribution Rights…
Oiltanking Partners, L.P. Doing the Common Uncommonly Well www.oiltankingpartners.com 31
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