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CORPORATE PRESENTATION – Dakota Plains Holdings Inc.

Dakota Plains Holdings Inc. · Jan 12, 2015 · 22 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. CORPORATE PRESENTATION – Dakota Plains Holdings Inc. – slide 1
    NYSE MKT: DAKP CORPORATE PRESENTATION DECEMBER 12, 2014 WWW.DAKOTAPLAINS.COM
  2. CORPORATE PRESENTATION – Dakota Plains Holdings Inc. – slide 2
    SUMMARY Well positioned to create value in 2015 and beyond The buyout of the JVs: Creates value in earnings per share, EBITDA and operating cash flow per share Fully financed with low cost debt and cash on hand Simplifies our…
  3. CORPORATE PRESENTATION – Dakota Plains Holdings Inc. – slide 3
    TRANSACTION REVIEW
  4. CORPORATE PRESENTATION – Dakota Plains Holdings Inc. – slide 4
    JV TRANSACTION Acquired partners 50% share of oil Own 100% of the business, Pioneer transloading, sand transloading, and Terminal and land oil marketing business Terminates under-performing JVs Secured indemnity to mitigate Removes…
  5. CORPORATE PRESENTATION – Dakota Plains Holdings Inc. – slide 5
    SIMPLIFIED CORPORATE STRUCTURE Dakota Plains Holdings, Inc. 100% 100% 100% Dakota Plains Dakota Plains Dakota Plains Transloading, Marketing, LLC Sand, LLC LLC 100% 100% 100% Dakota DPTS Marketing Petroleum DPTS Sand,…
  6. CORPORATE PRESENTATION – Dakota Plains Holdings Inc. – slide 6
    TRANSACTION DETAILS Signed definitive agreement and closed on December 5, 2014 Total consideration: Payment of 43m cash Future contingent payments at 0.225 per barrel actually transloaded, capped at 80k bopd, through 2026 (remainder…
  7. CORPORATE PRESENTATION – Dakota Plains Holdings Inc. – slide 7
    FINANCING THE TRANSACTION The new 57.5M credit facility provided by SunTrust Bank consists of Two fully drawn tranches of term loan for a total of 37.5M One revolver of 20.0M which is 11.0M drawn The former terminal note and the…
  8. CORPORATE PRESENTATION – Dakota Plains Holdings Inc. – slide 8
    FINANCIAL IMPACT OF THE TRANSACTION
  9. CORPORATE PRESENTATION – Dakota Plains Holdings Inc. – slide 9
    ACCRETIVE IN 2015 TO DAKP SHAREHOLDERS ( in millions, expect per share figures or if otherwise notes) Before After Difference Offers Scale Leveraging DAKP Overhead EBITDA More than doubles EBITDA with no Consolidated 23.4 23.4…
  10. CORPORATE PRESENTATION – Dakota Plains Holdings Inc. – slide 10
    OPERATIONS UPDATE
  11. CORPORATE PRESENTATION – Dakota Plains Holdings Inc. – slide 11
    OPERATIONS UPDATE 4Q2014 TO DATE Crude Oil Operations October = 1.45M bbls Pictures 47k bpd 6k bpd via Pelican 18 trains launched November = 1.01M bbls 36k bpd 8k bpd via Pelican & Hiland pipelines 17 trains launched December…
  12. CORPORATE PRESENTATION – Dakota Plains Holdings Inc. – slide 12
    2015 OPERATIONS OUTLOOK Canadian Pacific expands crude oil train allocations to 22 per month starting 1Q2015 Contracted crude oil transloading volumes now 55k bpd starting January 2015 Canadian Pacific has also pledged incremental…
  13. CORPORATE PRESENTATION – Dakota Plains Holdings Inc. – slide 13
    Guidance
  14. CORPORATE PRESENTATION – Dakota Plains Holdings Inc. – slide 14
    KEY METRICS 2015E ( in millions, expect per share figures or if otherwise notes) The table at right illustrates 2015 Key metrics EBITDA 23.4 performance at an average 57.5k bopd Operational override (4.7) transloading volume Oil…
  15. CORPORATE PRESENTATION – Dakota Plains Holdings Inc. – slide 15
    2015 GUIDANCE Crude oil throughput volumes: 55k bopd effective Jan 2015 Increasing to 60k bopd effective 2H2015 2015 expected average throughput volumes 57.5k bopd, opportunity to further increase volumes 2H2015 Sand throughput…
  16. CORPORATE PRESENTATION – Dakota Plains Holdings Inc. – slide 16
    EBITDA 1Q2015E 4Q2015E 25,000 20,000 USD (Thousands) 15,000 10,000 5,000 0 -5,000 1Q2015 2Q2015 3Q2015 4Q2015 EBITDA Contingent payment LTM EBITDA 17
  17. CORPORATE PRESENTATION – Dakota Plains Holdings Inc. – slide 17
    2015E PRODUCT THROUGHPUT Crude (bopd) Sand (tons pcm) 70 35 Thousands Thousands 65 30 25 60 20 55 15 50 10 45 5 40 0 18
  18. CORPORATE PRESENTATION – Dakota Plains Holdings Inc. – slide 18
    CAPITAL PLAN 2015E 2017E Objective is to build out the Pioneer Terminal to 160k bopd in phases based on level of rail service and demand for throughput: Phase 4 - A third 8,400 ft loop track: Project still subject to approval…
  19. CORPORATE PRESENTATION – Dakota Plains Holdings Inc. – slide 19
    APPENDIX
  20. CORPORATE PRESENTATION – Dakota Plains Holdings Inc. – slide 20
    PIONEER TERMINAL Merchant transloading facility in New Town, ND Currently transloading 80k bpd, but not every day Capable of expansion up to 160k bopd UNIMIN FRAC SAND TERMINAL 10 TRUCK FOUR LADDER TRACKS OFFLOAD STATIONS FOR…
  21. CORPORATE PRESENTATION – Dakota Plains Holdings Inc. – slide 21
    CONSOLIDATED BALANCE SHEET 3Q 2014 millions Before After Current Assets 10.4 32.0 Property and Equipment 54.8 54.8 Investment in DPTS Marketing, LLC 10.6 - Deferred Tax Asset 3.4 23.7 Other 1.5 0.8 Total Assets 80.7 111.3…
  22. CORPORATE PRESENTATION – Dakota Plains Holdings Inc. – slide 22
    ADJUSTED EBITDA (expressed in USD millions, unless otherwise indicated) Twelve Months Ended December 31, 2015 Net Income 8.5 Add back: Interest Expense 7.6 o/w Contingent payment interest 4.2 Term loan and revolver interest 3.1…

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