Skip to main content 2013 WELLS FARGO SECURITIES 12TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Nustar Energy L.P. Investor Presentation | Shale Experts
Loading...
Pm

2013 WELLS FARGO SECURITIES 12TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Nustar Energy L.P.

Nustar Energy L.P. · Dec 10, 2013 · 32 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. 2013 WELLS FARGO SECURITIES 12TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Nustar Energy L.P. – slide 1
    2013 2012 Wells Fargo Master Securities Limited Partnership 12 Annual Pipeline, MLP and Energy Symposium th Investor Conference Curt Anastasio President Curt Anastasio, & CEO President and CEO December May10, 24,2013 2012
  2. 2013 WELLS FARGO SECURITIES 12TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Nustar Energy L.P. – slide 2
    NuStar Overview 3
  3. 2013 WELLS FARGO SECURITIES 12TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Nustar Energy L.P. – slide 3
    Two Publicly Traded Companies Public Unitholders William E. Greehey NuStar Energy L.P. (NYSE: NS) is 34.5 million NSH Units 8.1 million NSH Units a publicly traded partnership with a 18.9% 81.1% Membership market capitalization of…
  4. 2013 WELLS FARGO SECURITIES 12TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Nustar Energy L.P. – slide 4
    Large and Diverse Geographic Footprint with Assets in Key Locations Asset Stats: Operations in the U.S., Canada, Mexico, the Netherlands, including St. Eustatius in the Caribbean, the United Kingdom and Turkey. Own 87 terminal…
  5. 2013 WELLS FARGO SECURITIES 12TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Nustar Energy L.P. – slide 5
    Majority of Operating Income Generated by Fee-Based Storage and Pipeline Segments Percentage of Full Year 2012 Adjusted Segment Operating Income Storage: 53% Refined Product Terminals Crude Oil Storage 53% Pipeline: 43% Refined…
  6. 2013 WELLS FARGO SECURITIES 12TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Nustar Energy L.P. – slide 6
    Strategic Redirection and Change in Focus Initiated in Late 2012 Strategic redirection involved minimizing exposure to margin-based operations Sold 50% of asphalt business on September 28, 2012 Sold San Antonio refinery on January 1,…
  7. 2013 WELLS FARGO SECURITIES 12TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Nustar Energy L.P. – slide 7
    Fuels Marketing Segment Update 8
  8. 2013 WELLS FARGO SECURITIES 12TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Nustar Energy L.P. – slide 8
    Going Forward Expect Less Volatility and Reduced Working Capital Requirements in Fuels Marketing Segment Segment is entirely composed of the remaining Fuels Marketing operations since January 1, 2013 sale of San Antonio refinery…
  9. 2013 WELLS FARGO SECURITIES 12TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Nustar Energy L.P. – slide 9
    Asphalt Joint Venture Update Asphalt JVs results deconsolidated from NuStars financial statements beginning in September 2012 NuStar providing JV an unsecured, seven-year revolving credit facility for up to 250 million September 30,…
  10. 2013 WELLS FARGO SECURITIES 12TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Nustar Energy L.P. – slide 10
    Storage Segment Update 11
  11. 2013 WELLS FARGO SECURITIES 12TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Nustar Energy L.P. – slide 11
    Expect 2013 Storage Segment EBITDA to be 5 to 15 Million Lower than 2012 Storage Segment EBITDA ( in Millions)1 Storage Contract Renewals (% as 10/28/2013) 281 288 256 242 36% 208 177 27% 25% 162 12% 2006 2007 2008 2009…
  12. 2013 WELLS FARGO SECURITIES 12TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Nustar Energy L.P. – slide 12
    Recently Completed the Construction of a Second Unit Train Unloading Facility at our St. James, LA Terminal Second unit train unloading facility placed in service November 2013 First unit train project completed in April 2012 Each…
  13. 2013 WELLS FARGO SECURITIES 12TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Nustar Energy L.P. – slide 13
    Continue to Receive Inquiries for Additional Tankage at St. James, Louisiana Terminal Currently have 9 million barrels of storage capacity at St. James Completed 700,000 barrel expansion in January 2013 In discussions with major…
  14. 2013 WELLS FARGO SECURITIES 12TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Nustar Energy L.P. – slide 14
    Pipeline Segment Update 15
  15. 2013 WELLS FARGO SECURITIES 12TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Nustar Energy L.P. – slide 15
    Growth in Eagle Ford Shale Region Expected to Lead to Future Growth in Pipeline Segment EBITDA Pipeline Segment EBITDA ( in Millions)1 Pipeline Receipts by Commodity 211 199 197 Other* 186 190 170 176 11% Distillate Crude Oil…
  16. 2013 WELLS FARGO SECURITIES 12TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Nustar Energy L.P. – slide 16
    To Date NuStar has Completed Six Internal Growth Projects and a Pipeline Acquisition in the Eagle Ford Shale Region Six completed Eagle Ford Pipeline internal growth projects include: Reactivation of Pettus to Corpus Christi pipeline…
  17. 2013 WELLS FARGO SECURITIES 12TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Nustar Energy L.P. – slide 17
    Dock Expansion at Corpus Christi North Beach Terminal in Progress Dock expansion at Corpus Christi North Beach terminal will give our customers more options to move Eagle Ford crude Dock loading constraints at Corpus North Beach…
  18. 2013 WELLS FARGO SECURITIES 12TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Nustar Energy L.P. – slide 18
    South Texas Crude Oil Pipeline System Project Project includes pipeline capacity upgrades to segments of our South Texas Crude Oil Pipeline System Capacity upgrades will occur in two phases First phase will add incremental…
  19. 2013 WELLS FARGO SECURITIES 12TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Nustar Energy L.P. – slide 19
    Reactivation of an Idle 12-inch Pipeline that will Connect Mont Belvieu to Corpus Christi Have entered into a Letter of Intent with an anchor shipper for the majority of the pipelines capacity No volumes planned to be shipped on…
  20. 2013 WELLS FARGO SECURITIES 12TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Nustar Energy L.P. – slide 20
    Current NuStar Eagle Ford Presence 21
  21. 2013 WELLS FARGO SECURITIES 12TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Nustar Energy L.P. – slide 21
    NuStar Continues to Increase Throughputs and Throughput Capacity In the Eagle Ford Shale Region Completion of Phase I 500 of South Texas Open Season 428 428 Completion of Dock at 400 Corpus Christi North Beach Terminal Completion…
  22. 2013 WELLS FARGO SECURITIES 12TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Nustar Energy L.P. – slide 22
    Financial Overview 23
  23. 2013 WELLS FARGO SECURITIES 12TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Nustar Energy L.P. – slide 23
    Capital Structure as of September 30, 2013 (Dollars in Millions) 1.5 billion Credit Facility 286 NuStar Logistics Notes (4.75%) 250 NuStar Logistics Notes (4.80%) 450 NuStar Logistics Notes (6.75%) 300 NuStar Logistics Notes…
  24. 2013 WELLS FARGO SECURITIES 12TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Nustar Energy L.P. – slide 24
    Debt Maturity Profile as of September 30, 2013 (Dollars in Millions) 1,000 Sub Notes UK Term Loan GO Zone Financing Sr. Unsecured Notes Revolver 753 750 Callable in 2018 but final maturity 2043 403 500 450 365 286 300 250…
  25. 2013 WELLS FARGO SECURITIES 12TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Nustar Energy L.P. – slide 25
    Internal growth spending should be in the 300 to 375 million range in 2013 and 2014 (Dollars in Millions) 374 350 to 375 400 300 to 325 294 300 219 200 100 0 2010 2011 2012 2013 2014 Forecast Forecast 26
  26. 2013 WELLS FARGO SECURITIES 12TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Nustar Energy L.P. – slide 26
    Reaffirming 4th Quarter 2013 Guidance 4th quarter 2013 EBITDA in all three of our segments should be higher than the 4th quarter of 2012 Seasonally weak results in the Asphalt JV will have a negative impact on 4th Quarter EPU but…
  27. 2013 WELLS FARGO SECURITIES 12TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Nustar Energy L.P. – slide 27
    NuStar Highlights High - quality, large and diverse asset footprint supporting energy infrastructure both in the U.S. and internationally Contracted fee-based storage and pipeline assets provide stable cash flows, delivering…
  28. 2013 WELLS FARGO SECURITIES 12TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Nustar Energy L.P. – slide 28
    2013 UBS MLP One-on-One Conference 2012 NuStar Bank Meeting November 7,January 2012 15th & 16th 2013 Appendix
  29. 2013 WELLS FARGO SECURITIES 12TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Nustar Energy L.P. – slide 29
    Reconciliation of Non-GAAP Financial Information: Fuels Marketing Segment NuStar Energy L.P. utilizes financial measures, earnings before interest, taxes, depreciation and amortization (EBITDA) from continuing operations, distributable…
  30. 2013 WELLS FARGO SECURITIES 12TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Nustar Energy L.P. – slide 30
    Reconciliation of Non-GAAP Financial Information: Storage Segment NuStar Energy L.P. utilizes financial measures, earnings before interest, taxes, depreciation and amortization (EBITDA) from continuing operations, distributable cash…
  31. 2013 WELLS FARGO SECURITIES 12TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Nustar Energy L.P. – slide 31
    Reconciliation of Non-GAAP Financial Information: Pipeline Segment NuStar Energy L.P. utilizes financial measures, earnings before interest, taxes, depreciation and amortization (EBITDA) from continuing operations, distributable cash…
  32. 2013 WELLS FARGO SECURITIES 12TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Nustar Energy L.P. – slide 32
    Reconciliation of Non-GAAP Financial Information: Business Segments NuStar Energy L.P. utilizes financial measures, earnings before interest, taxes, depreciation and amortization (EBITDA) from continuing operations, distributable cash…

From the store

Browse maps, data & reports in the Shale Experts store