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2014 RBC Capital Markets MLP Conference – Texstar Midstream Services

Texstar Midstream Services · Nov 19, 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. 2014 RBC Capital Markets MLP Conference – Texstar Midstream Services – slide 1
    Click to edit Master title style 2014 RBC Capital Markets MLP Conference 2014 RBC Capital Markets MLP Conference November 2014
  2. 2014 RBC Capital Markets MLP Conference – Texstar Midstream Services – slide 2
    Corporate Structure Click to edit Master title style Financial sponsor ownership through various holding companies Southcross Holdings LP (Holdings) Southcross Energy 57% LP Interest Partners GP, LLC Affiliate Assets…
  3. 2014 RBC Capital Markets MLP Conference – Texstar Midstream Services – slide 3
    History Click to of Progress edit Master title style 2009 2010 2011 2012 2013 2014 Acquired core Expanded Won anchor Completed Completed Completed 149 assets Gregory contracts for Woodsboro expansion of million follow-on…
  4. 2014 RBC Capital Markets MLP Conference – Texstar Midstream Services – slide 4
    Investment Click to editHighlights Master title style Integrated Midstream Value Chain in South Texas Direct Access to Strategically Attractive Lower Located Gulf Coast Assets NGL and Gas Markets Southcross is a…
  5. 2014 RBC Capital Markets MLP Conference – Texstar Midstream Services – slide 5
    Strategic Location in Prolific, Liquids Click to edit Master title style Rich Eagle Ford Shale Expected 2014 Eagle Ford Upstream Capex Rapid Eagle Ford Production Growth Exceeds All Other United States Plays MBoe/d ( in billions)…
  6. 2014 RBC Capital Markets MLP Conference – Texstar Midstream Services – slide 6
    Integrated Midstream Click to edit Value Master title styleChain Transportation Lines / Storage Natural Gas End Users NGL End Users Wellhead Gathering Gas Processing and Mixed NGL Fractionation NGL Products and Treating…
  7. 2014 RBC Capital Markets MLP Conference – Texstar Midstream Services – slide 7
    Attractive Dry Click to edit Gas End-Use Master title styleMarkets Diverse market outlets are an advantage in attracting producer contracts Lone Star Local markets provide incremental downstream margins Direct connections to…
  8. 2014 RBC Capital Markets MLP Conference – Texstar Midstream Services – slide 8
    Direct Access Click to to Attractive edit Master NGL Markets title style Advantaged footprint in expanding Gulf Coast petrochemical infrastructure and NGL markets End-use NGL markets provide attractive pricing and market…
  9. 2014 RBC Capital Markets MLP Conference – Texstar Midstream Services – slide 9
    Attractive Contract Structure and Click to edit Master title style Customer Base Minimum volume commitments, acreage dedications and captive volumes should provide a solid and growing base of gas supply(1) Captive Volumes 15%…
  10. 2014 RBC Capital Markets MLP Conference – Texstar Midstream Services – slide 10
    Lower Click toGulf editCoast Projects Master Present title style Opportunities Petrochemical Projects Lyondell to add 800 million lbs/year of ethylene capacity at Corpus Christi plant by late 2015 OxyChem and MexiChem to build 1.2…
  11. 2014 RBC Capital Markets MLP Conference – Texstar Midstream Services – slide 11
    Enhanced Southcross Position Click to editour Leveraging Master title strengths to style drive unitholder value Increased Scale Four processing plants, two fractionation facilities, approximately 3,000 miles of pipelines Access…
  12. 2014 RBC Capital Markets MLP Conference – Texstar Midstream Services – slide 12
    Premier Eagle Ford Footprint Click to edit Master title style Processing Plants (MMcf/d) Capacity Lone Star 300 Woodsboro 200 Gregory 135 Conroe 50 Total 685 Fractionation (MBbls/d) Capacity Bonnie View 22.5 Gregory 4.8…
  13. 2014 RBC Capital Markets MLP Conference – Texstar Midstream Services – slide 13
    Key ClickProject to edit Updates Master title style Valley Wells System Karnes Gathering 100 MMcf/d sour gas treating facility, 9 mile, 16 pipeline extending into Karnes treated gas flows onto T2 pipelines for County processing at…
  14. 2014 RBC Capital Markets MLP Conference – Texstar Midstream Services – slide 14
    Southcross Holdings Click to Drop-Down Potential edit Master title style Assets Lancaster System NGL System 600 miles of sweet and sour gas gathering lines 70,000 Bbls/d 12 56 mile Y-grade pipeline from the 28,000 hp of compression…
  15. 2014 RBC Capital Markets MLP Conference – Texstar Midstream Services – slide 15
    Southcross Click to edit Path to title Master Growthstyle Third Quarter Actual Fourth Quarter Guidance Future Growth 11.3mm ADJUSTED EBITDA 20-24mm ADJUSTED EBITDA Distribution growth with 1.0x coverage Approximately 55% full during…
  16. 2014 RBC Capital Markets MLP Conference – Texstar Midstream Services – slide 16
    Opportunity for Southcross Unit Price Click to edit Master title style Improvement Peer Valuation Analysis 12.0% 9.7% 10.0% 9.3% 8.9% 8.6% 8.6% 8.1% 8.2% 7.8% 8.0% 7.3% 7.5% 7.7% 6.8% 6.3% 6.5% 6.0% 6.0% 5.7% 5.2%…
  17. 2014 RBC Capital Markets MLP Conference – Texstar Midstream Services – slide 17
    Southcross Click to edit Investment Master title Summary style Strategically located assets Integrated midstream value chain in South Texas Direct access to attractive Lower Gulf Coast NGL and gas markets Recent synergistic…
  18. 2014 RBC Capital Markets MLP Conference – Texstar Midstream Services – slide 18
    ClickSouthcross Fact to edit Master Sheet title style NYSE Ticker SXE Total Units 50.9 million units(1) Unit Price 18.88(2) Market Capitalization 934 million(2) Debt at Sept 30, 2014 458 million Quarterly Distribution…
  19. 2014 RBC Capital Markets MLP Conference – Texstar Midstream Services – slide 19
    Non-GAAP Click to editFinancial Measures Master title style We define Adjusted EBITDA as net income/loss, plus interest expense, income tax expense, depreciation and amortization expense, equity in losses of joint venture investments,…
  20. 2014 RBC Capital Markets MLP Conference – Texstar Midstream Services – slide 20
    Reconciliation to Adjusted Click to edit Master EBITDA title style (Dollars in Thousands) Three Months Ended, 9/30/2013 12/31/2013 3/31/2014 6/30/2014 9/30/2014 Reconciliation of net loss to Adjusted EBITDA: Net (loss) income…

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