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SECOND QUARTER 2014 EARNINGS CONFERENCE CALL AND WEBCAST – MPLX Lp

MPLX Lp · Jul 31, 2014 · 11 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. SECOND QUARTER 2014 EARNINGS CONFERENCE CALL AND WEBCAST – MPLX Lp – slide 1
    Second Quarter 2014 Earnings Conference Call and Webcast July 31, 2014 1
  2. SECOND QUARTER 2014 EARNINGS CONFERENCE CALL AND WEBCAST – MPLX Lp – slide 2
    Highlights Increased distribution to 0.3425 per common unit, 4.6 percent over first quarter 2014 and 20.2 percent over second quarter 2013 Reported adjusted EBITDA of 39.9 million Generated distributable cash flow of 36.2 million…
  3. SECOND QUARTER 2014 EARNINGS CONFERENCE CALL AND WEBCAST – MPLX Lp – slide 3
    Net Income 2Q 2014 vs. 2Q 2013 Variance Analysis 60 8.7 50 1.1 8.7 42.9 (6.8) (2.0) 40 (1.6) 34.8 MM 30 28.8 (14.1) 20 10 0 2Q 2013 Volume Tariffs Volumes Other G&A Other 2Q 2014 MPC 2Q 2014 (100% Basis) Deficiency…
  4. SECOND QUARTER 2014 EARNINGS CONFERENCE CALL AND WEBCAST – MPLX Lp – slide 4
    Adjusted EBITDA and Distributable Cash Flow (MM) 2Q 2014 2Q 2013 Adjusted EBITDA 57.2 47.4 Less: Adjusted EBITDA attributable to MPC-retained interest 17.3 20.7 Adjusted EBITDA attributable to MPLX LP 39.9 26.7 Plus: Current…
  5. SECOND QUARTER 2014 EARNINGS CONFERENCE CALL AND WEBCAST – MPLX Lp – slide 5
    Financial Performance Attributable to MPLX Adjusted EBITDA 50 43.8 40 39.9 30.5 28.9 30 25.1 26.7 MM 20 18.2 10 0 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 Distributable Cash Flow 40 37.7 36.2 31.1 30 28.0 27.2 28.3 MM…
  6. SECOND QUARTER 2014 EARNINGS CONFERENCE CALL AND WEBCAST – MPLX Lp – slide 6
    Strong Financial Flexibility to Manage and Grow Asset Base As of (MM except ratio data) 6/30/14 Cash and cash equivalents 43.2 Total assets 1,181.4 Long-term debt(a) 265.2 Total equity 828.7 Consolidated total debt to…
  7. SECOND QUARTER 2014 EARNINGS CONFERENCE CALL AND WEBCAST – MPLX Lp – slide 7
    Distribution Growth per Unit IPO 1st drop 2nd drop 10/31/2012 5/1/2013 3/1/2014 100 MM 310 MM 0.36 0.34 0.32 0.30 /Unit 0.28 0.3425 0.26 0.3275 0.3125 0.2975 0.24 0.2625* 0.2850 0.2725 (MQD) 0.22 0.20 4Q12 1Q13…
  8. SECOND QUARTER 2014 EARNINGS CONFERENCE CALL AND WEBCAST – MPLX Lp – slide 8
    Appendix 9
  9. SECOND QUARTER 2014 EARNINGS CONFERENCE CALL AND WEBCAST – MPLX Lp – slide 9
    Adjusted EBITDA and Distributable Cash Flow Reconciliation from Net Income (MM) 4Q 2012* 1Q 2013 2Q 2013 3Q 2013 4Q 2013 1Q 2014 2Q 2014 Net income 26.3 35.3 34.8 39.2 36.8 55.7 42.9 Less: Net income attributable to MPC-retained…
  10. SECOND QUARTER 2014 EARNINGS CONFERENCE CALL AND WEBCAST – MPLX Lp – slide 10
    Volume Deficiency Payment Example for illustrative purposes only Quarter Quarter Quarter Quarter Quarter Quarter Quarter (MM) 1 2 3 4 5 6 7 Volume deficiency payment 2 5 3 5 - - - Use or expiration of credit (on or before) - - - - 2…
  11. SECOND QUARTER 2014 EARNINGS CONFERENCE CALL AND WEBCAST – MPLX Lp – slide 11
    12

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