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RBC Capital Markets Conference – Semgroup Corporation

Semgroup Corporation · Nov 21, 2013 · 19 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. RBC Capital Markets Conference – Semgroup Corporation – slide 1
    RBC Capital Markets 2013 MLP Conference November 21, 2013
  2. RBC Capital Markets Conference – 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…
  3. RBC Capital Markets Conference – Semgroup Corporation – slide 3
    Two Public Companies SemGroup Corporation Rose Rock Midstream NYSE: SEMG NYSE: RRMS C-Corp assets in US, Canada, Mexico & UK Master Limited Partnership (MLP) General Partner of RRMS IPO December 2011 Publicly Traded November…
  4. RBC Capital Markets Conference – Semgroup Corporation – slide 4
    SemGroup Ownership Structure 5
  5. RBC Capital Markets Conference – Semgroup Corporation – slide 5
    Business Strategy Capitalize on Organic Generate Consistent Growth Opportunities Operating Margins, with Existing and Earnings and Cash Flows New Assets Grow Our Business Maintain Financial Through Strategic and Flexibility…
  6. RBC Capital Markets Conference – Semgroup Corporation – slide 6
    Crude and Gas Assets in Key Growth Areas Primary assets located in the Liquids Fairway in the Mid-Continent Region Montney/ Duvernay Shale Montney/Duvernay Bakken Williston Basin Bakken Shale DJ Basin/Niobrara DJ Basin…
  7. RBC Capital Markets Conference – Semgroup Corporation – slide 7
    SemGroup Corporate Crude Business Overview White Cliffs Pipeline DJ Basin to Cushing, OK 527-mile, 12-inch pipeline 76,000 barrels per day capacity Debottlenecking project - completed June 2013 80,000 barrels per day expansion…
  8. RBC Capital Markets Conference – Semgroup Corporation – slide 8
    Rose Rock Midstream Crude Business Overview Cushing 7.6 million barrels of storage 93% under long-term fixed fee contracts with first expiration 2016 Connectivity to all major inbound/outbound pipelines KS/OK Pipeline and Storage…
  9. RBC Capital Markets Conference – Semgroup Corporation – slide 9
    Rose Rock Midstream Crude Business Overview Bakken Shale Average marketed volumes of 7,100 barrels per day for FY 2012 Bakken Two truck unloading facilities 17 gathering trucks Operation Transport via truck, third-party pipeline…
  10. RBC Capital Markets Conference – Semgroup Corporation – slide 10
    Crude Key Performance Metrics Cushing Storage Capacity Transportation Volumes (2) 7.6 million barrels in 2013 (Thousand Barrels per Day) 8 70 64.3 55.7 57.3 6 60 53.3 49.0 48.5 50 44.8 37.5 4 7.00 7.10 7.10 40 30.9 32.1 6.50…
  11. RBC Capital Markets Conference – Semgroup Corporation – slide 11
    Natural Gas Business Overview SemCAMS (Canada) Located in: Western Canadian Sedimentary Basin sour gas Montney Shale liquids rich sour gas Duvernay Shale liquids rich sweet gas Two sour and two sweet natural gas processing…
  12. RBC Capital Markets Conference – Semgroup Corporation – slide 12
    SemGas Northern Oklahoma Processing Mississippi Lime Play Northern Oklahoma System 3Q 2013 1Q 2014 1Q 2016 Processing Capacity 165 mmcf/d 365 mmcf/d 565 mmcf/d Miles of Pipeline 400 of Rigs in Dedicated Acreage 15 Avg.…
  13. RBC Capital Markets Conference – Semgroup Corporation – slide 13
    SemGroup Capitalization & Liquidity (in millions) September 30, 2013 December 31, 2012 Total Consolidated Debt 540 206 Owners Equity 1,254 1,022 Total Book Capitalization 1,794 1,228 Consolidated Credit Metrics Net Debt 475 126…
  14. RBC Capital Markets Conference – Semgroup Corporation – slide 14
    2013 Capex Guidance SemGroup and Rose Rock Midstream 2013 Capital Expenditures 825 million YTD Spend - 633 million 437 83% committed to US crude and natural 53% gas projects Includes 2013 acquisitions 143 Low multiple organic…
  15. RBC Capital Markets Conference – Semgroup Corporation – slide 15
    2013 Capex Guidance SemGroup and Rose Rock Midstream Normalized (USD in millions) Estimated Total Annual EBITDA (1) Segment Description Completion Date 2013 Capex 2014 Capex CapEx(1) EBITDA(2) Multiple Crude-RRMS New 20 pipeline in…
  16. RBC Capital Markets Conference – Semgroup Corporation – slide 16
    Third Quarter Results & Updated 2013 Guidance (1) Adjusted EBITDA Nine Months Ended (in millions, unaudited) 3Q 2013 Sept 2013 SemGroup(2) 52.1 131.2 Rose Rock Midstream 15.7 47.5 SEMG Updated Guidance RRMS Updated Guidance…
  17. RBC Capital Markets Conference – Semgroup Corporation – slide 17
    SemGroup Segment Results Nine Months Ended Segment Adjusted EBITDA(1) (in millions, unaudited) 3Q 2013 2Q 2013 1Q 2013 Sept. 2013 Sept. 2012 (2) Crude 25.1 24.6 25.9 75.7 61.6 SemGas 10.1 7.7 3.9 21.7 5.6 SemCAMS 11.8 7.9 4.8 24.5…
  18. RBC Capital Markets Conference – Semgroup Corporation – slide 18
    SemGroups Fee-based Business Model Margin Contribution(1) Fixed Fee Variable Fee Marketing SemGas 22% 78% 87% SemCAMS 100% SemLogistics 100% 9% 4% SemMaterials Mexico 100% White Cliffs Pipeline 100% Fixed Fee Variable Fee…
  19. RBC Capital Markets Conference – Semgroup Corporation – slide 19
    Future Growth in Drop Downs Rose Rock Midstreams relationship with SemGroup allows for potential future drop downs Adjusted EBITDA (in millions) Asset Description LTM 527-mile crude oil pipeline - 76,000 bpd capacity White Cliffs…

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