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June 2014 Presentation – Semgroup Corporation

Semgroup Corporation · Jun 12, 2014 · 20 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. June 2014 Presentation – Semgroup Corporation – slide 1
    Investor Presentation June 2014
  2. June 2014 Presentation – Semgroup Corporation – slide 2
    Non-GAAP Financial Measures SemGroup Adjusted EBITDA is presented in this presentation for certain periods. Adjusted EBITDA is not a U.S. generally accepted accounting principles (GAAP) measure and is not intended to be used in lieu of a…
  3. June 2014 Presentation – Semgroup Corporation – slide 3
    Two Public Companies SemGroup Corporation Rose Rock Midstream C-Corp assets in US, Canada, Mexico & UK Master Limited Partnership (MLP) General Partner of RRMS IPO December 2011 Publicly Traded November 2010 Units: 26.5 million…
  4. June 2014 Presentation – Semgroup Corporation – slide 4
    SemGroup Ownership Structure 5
  5. June 2014 Presentation – Semgroup Corporation – slide 5
    Business Strategy Focused Growth Quality Cash Flows Capitalize on organic growth Generate consistent earnings and opportunities with existing and cash flows new assets Grow our business through strategic Focus on fee-based…
  6. June 2014 Presentation – Semgroup Corporation – slide 6
    Crude and Gas Assets in Key Growth Areas 7
  7. June 2014 Presentation – Semgroup Corporation – slide 7
    Crude Business Overview SemGroup Corporation White Cliffs Pipeline 17% ownership DJ Basin to Cushing, OK 527-mile, 12-inch pipeline 76,000 bpd current capacity 80,000 bpd expansion August 2014 completion Glass Mountain Pipeline In…
  8. June 2014 Presentation – Semgroup Corporation – slide 8
    Crude Business Overview Rose Rock Midstream Cushing Kansas/Oklahoma System 7.6 million barrels of storage Approximately 600-mile gathering and transportation 86% under long-term fixed fee contracts with first pipeline system…
  9. June 2014 Presentation – Semgroup Corporation – slide 9
    Crude Key Performance Metrics RRMS Cushing Storage RRMS Transportation Volumes 7.6 million Barrels Capacity (Thousand Barrels per Day) 120 8 0.50 100 1.10 1.10 1.10 1.85 42.7 6 3.35 80 30.9 1.10 60 9.7 4 40 1.10 6.50 6.50…
  10. June 2014 Presentation – Semgroup Corporation – slide 10
    Natural Gas Business Overview SemCAMS (Canada) Located in: Western Canadian Sedimentary Basin sour gas Montney liquids rich sour gas Duvernay liquids rich sweet gas Two sour and two sweet natural gas processing plants Current…
  11. June 2014 Presentation – Semgroup Corporation – slide 11
    SemGas Northern Oklahoma Processing Mississippi Lime Play Northern Oklahoma System 4Q 2013 1Q 2014 1Q 2016 Processing Capacity 165 mmcf/d 365 mmcf/d 565 mmcf/d Miles of Pipeline 600 600 of Rigs in Dedicated Acreage 15 15 Avg.…
  12. June 2014 Presentation – Semgroup Corporation – slide 12
    SemGroup Capitalization & Liquidity (in millions) March 31, 2014 December 31, 2013 Total Consolidated Debt 673 615 Owner's Equity 1,218 1,214 Total Book Capitalization 1,891 1,829 Consolidated Credit Metrics Net Debt 598 536…
  13. June 2014 Presentation – Semgroup Corporation – slide 13
    SemGroup Corporation 2014 Capital Expenditure Guidance 2014 Capital Expenditures 461 million(1)(2) 11 2% 52 11% More than 85% of capital expenditures are focused on growth capital 219 179 48% Mid-teens or higher returns on…
  14. June 2014 Presentation – Semgroup Corporation – slide 14
    SemGroup Corporation 2014 Capital Expenditure Guidance Project Spend (in millions) Estimated Through Total Segment Description Completion Date 12/31/2013 2014 Capex 2015 Capex CapEx Crude-RRMS White Cliffs Pipeline expansion (1)…
  15. June 2014 Presentation – Semgroup Corporation – slide 15
    First Quarter Results Adjusted EBITDA(1) 1Q 2014 4Q 2013 2014 Guidance SemGroup 67.3 million 57.8 million 245 - 265 million Rose Rock Midstream 27.8 million 21.0 million 92 - 97 million 1st Quarter Highlights Carlin Conner,…
  16. June 2014 Presentation – Semgroup Corporation – slide 16
    SemGroup Segment Results Segment Adjusted EBITDA(1) (in millions, unaudited) 1Q 2014 4Q 2013 Crude(2) 35.1 31.0 SemGas 12.8 12.0 SemCAMS 11.7 9.6 SemLogistics 1.1 (0.1) SemMaterials Mexico 5.1 4.8 SemStream 5.2 4.8 Corporate and…
  17. June 2014 Presentation – Semgroup Corporation – slide 17
    SemGroups Fee-based Business Model Margin Contribution(1) Fixed Fee Variable Fee Marketing 86% SemGas(2) 42% 58% SemCAMS 100% SemLogistics 100% 9% SemMaterials Mexico 100% 5% White Cliffs Pipeline 100% Rose Rock Midstream(3)…
  18. June 2014 Presentation – Semgroup Corporation – slide 18
    SemGroup Corporation Dividend Growth 0.3000 In 2014 we will continue our dividend practice of passing through most of our 0.2500 0.2400 cash distributions received from our MLP investments 0.2200 0.2100 Targeting dividend…
  19. June 2014 Presentation – Semgroup Corporation – slide 19
    Rose Rock Midstream Distribution Per LP Unit 2014 Target Annual Coverage Ratio 1.1x-1.2x 2014 Target Distribution Growth 15% year-over-year(1) 0.6000 2.35 2.15 0.4950 0.5000 0.4650 1.95 0.4500 0.4400 1.79x 0.4300 1.75…
  20. June 2014 Presentation – Semgroup Corporation – slide 20
    Future Growth in Drop Downs Rose Rock Midstreams relationship with SemGroup allows for potential future drop downs Asset Description 527-mile crude oil pipeline - 76,000 bpd capacity White Cliffs Pipeline Incremental 80,000 bpd…

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