Senior Management Representatives H. Michael Krimbill Chief Executive Officer NGL James J. Burke Chief Executive Officer High Sierra David C. Kehoe Chief Operating Officer Atanas H. Atanasov Chief Financial Officer 3
Overview of Gavilon Acquisition NGL has agreed to acquire Gavilon, LLC (Gavilon), the diversified midstream energy business owned by funds managed by Ospraie Management, General Atlantic and Soros Fund Management Gavilon is principally…
Acquisition is a Continuation of NGL's Rapid and Successful Growth NGL has delivered a total return of 68% since IPO Since NGL's IPO in May 2011, NGL has consumated and integrated 26 acquisitions totaling 2 billion (2.9 billion…
Gavilon Transaction Merits Exceptional crude oil platform with integrated storage, terminal and pipeline assets Integrated Platform Complementary supply, marketing and logistics (SM&L) businesses in crude oil and refined products with…
Gavilon Adds Scale, Diversity and Hard Assets Crude Oil PlatformHard Assets Illustrative Asset Contribution 50% interest in Glass Mountain Pipeline (GMP) 210-mile pipeline with 147 MMbbls/d capacity Crude Pipeline has expansion…
Integrated, Customer-Focused Midstream Platform Glass Mountain 8.1 Bcf and 25 MMcf/d Pipeline leased storage and transportation capacity Gavilon Customers Natural Gas Natural Gas Pipeline Pipeline Pipeline Transportation…
Strategically Located and Complementary Operations Gavilon's assets are located in key U.S. transportation and marketing centers Legend Truck Terminal 4 Seadrift Terminal Truck/Marine Terminal Used by Gavilon for loading Texas crude…
Cushing Terminal and Glass Mountain Pipeline Cushing Terminal Overview Cushing Terminal Connection Matrix 7.99 MMbbls of storage capacity(1) 8-bay Truck 200 acres with expansion capability of 3.0 MMbls Terminal of additional storage…
Crude Oil Supply Marketing & Logistics SM&L gross margin growth will be primarily driven by growth in blending and transport; marketing expected to remain flat Marketing and Supply Gathering and Transportation Fully integrated…
Fuels Overview Gavilon's Distribution Terminals Marketing and supply of gasoline and Refined diesel (94 Mbbls/d moved) Products Access to over 230 fuels distribution terminals Marketing and supply of ethanol and biodiesel (9…
Purchase Price is Fully Funded Acquisition is fully funded through credit facility borrowings and a private placement of common units Pro forma credit profile remains within NGL's target leverage range No additional equity is…
Key Takeaways The Gavilon transaction is a transformative acquisition that results in immediate accretion at an attractive multiple Gavilon provides NGL an exceptional crude oil platform with integrated storage and pipeline assets,…
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