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INVESTOR PRESENTATION – Buckeye Partners Lp

Buckeye Partners Lp · May 5, 2014 · 21 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. INVESTOR PRESENTATION – Buckeye Partners Lp – slide 1
    Investor Presentation May 5, 2014 Copyright 2014 Buckeye Partners, L.P.
  2. INVESTOR PRESENTATION – Buckeye Partners Lp – slide 2
    INVESTMENT HIGHLIGHTS Petroleum storage tanks at our Macungie terminal in Pennsylvania Aerial view of BORCOs six offshore jetties with tank farm in the distance Over 125 years of continuous operations, with a 27-year track record…
  3. INVESTOR PRESENTATION – Buckeye Partners Lp – slide 3
    ORGANIZATIONAL OVERVIEW Three Business Operating Units Domestic Pipelines & Terminals LTM ADJUSTED EBITDA(1) 6,000 miles of pipeline with 110 delivery locations 115 liquid petroleum product terminals 1.4% 2.6% 55 million barrels…
  4. INVESTOR PRESENTATION – Buckeye Partners Lp – slide 4
    BUCKEYE SYSTEM MAP Copyright 2014 Buckeye Partners, L.P. 5
  5. INVESTOR PRESENTATION – Buckeye Partners Lp – slide 5
    GROWTH CAPITAL INVESTMENTS Over 5 Billion Invested Since 2008 Key Acquisitions Internal Growth Capital Projects Benefiting 2014 and Beyond 2013 Transformation of Perth Amboy terminal into highly efficient, multi- product storage,…
  6. INVESTOR PRESENTATION – Buckeye Partners Lp – slide 6
    CRUDE DIVERSIFICATION Albany, NY Multi-year contract with Irving Oil providing crude oil services, including offloading unit trains, storage, and throughput Albany terminal has two ship docks on the Hudson River, allowing transport…
  7. INVESTOR PRESENTATION – Buckeye Partners Lp – slide 7
    HESS TERMINALS ACQUISITION Unique opportunity to acquire a collection of terminals that are highly complementary with Buckeye's existing operations and enhances Buckeye's vision of creating a world-class, integrated terminal network…
  8. INVESTOR PRESENTATION – Buckeye Partners Lp – slide 8
    Domestic Pipelines & Terminals Copyright 2014 Buckeye Partners, L.P. 9
  9. INVESTOR PRESENTATION – Buckeye Partners Lp – slide 9
    DOMESTIC PIPELINES & TERMINALS OVERVIEW Pipeline Throughput Volumes 2,000 1,500 1,385.6 1,426.4 1,398.4 1,309.2 1,316.4 1,358.1 (b / d - 000's) 1,000 500 0 2009 2010 2011 2012 2013 YTD (1) Petroleum storage…
  10. INVESTOR PRESENTATION – Buckeye Partners Lp – slide 10
    DOMESTIC PIPELINES & TERMINALS GROWTH POTENTIAL Project Pipeline PROJECTS Chicago Complex Crude Oil and Other Opportunities: Project completed in November 2013 to re-purpose rail facilities and enhance pipeline interconnectivity in…
  11. INVESTOR PRESENTATION – Buckeye Partners Lp – slide 11
    Global Marine Terminals Copyright 2014 Buckeye Partners, L.P. 12
  12. INVESTOR PRESENTATION – Buckeye Partners Lp – slide 12
    GLOBAL MARINE TERMINALS CARIBBEAN LTM(1) LEASED CAPACITY BORCO World-class marine storage terminal for crude oil, fuel oil, and refined petroleum products with 26.1 million barrels of storage capacity Located in Freeport, Bahamas,…
  13. INVESTOR PRESENTATION – Buckeye Partners Lp – slide 13
    GLOBAL MARINE EXPANSION AND OTHER GROWTH OPPORTUNITIES BORCO Perth Amboy Investment Overview (Invested 385 million since acquisition) Projects underway to transform the terminal into a highly efficient, Expanded storage capacity by 4.7…
  14. INVESTOR PRESENTATION – Buckeye Partners Lp – slide 14
    Buckeye Services Copyright 2014 Buckeye Partners, L.P. 15
  15. INVESTOR PRESENTATION – Buckeye Partners Lp – slide 15
    BUCKEYE SERVICES OVERVIEW Merchant Services Development & Logistics Buckeye Merchant Services (BMS) markets a wide range of Buckeye Development & Logistics (BDL) operates and/or refined petroleum products and other ancillary products…
  16. INVESTOR PRESENTATION – Buckeye Partners Lp – slide 16
    Financial Overview Copyright 2014 Buckeye Partners, L.P. 17
  17. INVESTOR PRESENTATION – Buckeye Partners Lp – slide 17
    FINANCIAL PERFORMANCE(1) Adjusted EBITDA (MM)(2)(3) Cash Distribution Coverage(2)(3)(4) 800 1.20x 677.2 1.16x 700 648.8 1.03x 1.04x 1.03x 600 0.99x 559.5 0.91x 487.9 0.80x 500 (MM) 400 370.2 382.6 300 0.40x 200…
  18. INVESTOR PRESENTATION – Buckeye Partners Lp – slide 18
    INVESTMENT SUMMARY Stability and Growth Proven 27-year track record as a publicly traded partnership through varying economic and commodity price cycles Management continues to drive operational excellence through its best practices…
  19. INVESTOR PRESENTATION – Buckeye Partners Lp – slide 19
    Non-GAAP Reconciliations Copyright 2014 Buckeye Partners, L.P. 20
  20. INVESTOR PRESENTATION – Buckeye Partners Lp – slide 20
    BASIS OF REPRESENTATION; EXPLANATION OF NON-GAAP MEASURES Adjusted EBITDA and distributable cash flow are measures not defined by GAAP. Adjusted EBITDA is the primary measure used by our senior management, including our Chief Executive…
  21. INVESTOR PRESENTATION – Buckeye Partners Lp – slide 21
    NON-GAAP RECONCILIATIONS In millions, except coverage ratio LTM(3) 1Q14 2013 2012 2011 2010 2009 (1)(2) Adjusted EBITDA from continuing operations : Pipelines & Terminals 482.4 126.7 471.1 409.5 361.0 346.4 302.2 Global Marine…

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