SECOND QUARTER 2014 EARNINGS CALL AND WEBCAST July 30, 2014
PSXP HIGHLIGHTS - 2Q 2014 3
FINANCIAL RESULTS Adjusted* MM 2Q 2014 1Q 2014 Revenues 56.9 36.0 Cost and expenses 24.6 17.4 Income before income taxes 32.3 18.6 Net income 32.1 18.3 EBITDA 37.6 21.5 Distributable Cash Flow 34.3 23.3 Quarterly…
2Q 2014 EBITDA AND DISTRIBUTABLE CASH FLOW MM EBITDA 37.6 Plus: Adjustments related to minimum volume commitments (0.7) Phillips 66 prefunded projects and indemnities 1.1 Less: Net interest paid 0.1 Income taxes paid 0.2…
STRONG FINANCIAL FLEXIBILITY MM Cash and cash equivalents 35 Total assets 343 Debt 160 Equity 167 Revolving credit facility 250 As of June 30, 2014 6
QUESTIONS AND ANSWERS EARNINGS CALL AND WEBCAST July 30, 2014
APPENDIX
EBITDA AND DISTRIBUTABLE CASH FLOW RECONCILIATION TO NET INCOME Three Months Ended MM June 30, 2014 Net Income 32.1 Plus: Depreciation 3.9 Net interest expense 1.3 Amortization of deferred rentals 0.1 Provision for income…
RECONCILIATION TO NET CASH FROM OPERATING ACTIVITIES Three Months Ended MM June 30, 2014 Net cash from operating activities 35.5 Plus: Net interest expense 1.3 Provision for income taxes 0.2 Changes in working capital 0.6…
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