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NAPTP MLP Conference – Semgroup Corporation

Semgroup Corporation · May 21, 2014 · 15 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. NAPTP MLP Conference – Semgroup Corporation – slide 1
    NAPTP MLP Conference Carlin Conner, CEO Bob Fitzgerald, CFO May 22, 2014
  2. NAPTP MLP Conference – Semgroup Corporation – slide 2
    Non-GAAP Financial Measures This presentation includes the non-GAAP financial measures of Adjusted gross margin, Adjusted EBITDA and distributable cash flow, which may be used periodically by management when discussing our financial…
  3. NAPTP MLP Conference – 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. NAPTP MLP Conference – Semgroup Corporation – slide 4
    Rose Rock Midstream Ownership Structure 5
  5. NAPTP MLP Conference – Semgroup Corporation – slide 5
    Business Strategy Capitalize on Organic Generate Consistent Growth Opportunities Earnings and Cash with Existing and Flows New Assets Grow Our Business Maintain Financial Through Strategic and Flexibility and Utilize…
  6. NAPTP MLP Conference – Semgroup Corporation – slide 6
    Crude Business Overview Rose Rock Midstream Cushing 7.6 million barrels of storage 86% under long-term fixed fee contracts with first expiration 2016 2014 average storage rate of 0.37 per month Connectivity to all major…
  7. NAPTP MLP Conference – Semgroup Corporation – slide 7
    Crude Business Overview Cont. Rose Rock Midstream Kansas/Oklahoma System Approximately 600-mile gathering and transportation pipeline system Currently operating at full capacity Connects to third-party pipelines, Kansas and Oklahoma…
  8. NAPTP MLP Conference – Semgroup Corporation – slide 8
    Crude Key Performance Metrics RRMS Cushing Storage RRMS Transportation Volumes 7.6 million Barrels Capacity (Thousand Barrels per Day) 8 120 0.50 1.10 1.10 100 1.10 1.85 42.7 6 3.35 80 1.10 30.9 60 9.7 4 1.10 40 6.50 6.50…
  9. NAPTP MLP Conference – Semgroup Corporation – slide 9
    Rose Rock Midstream 2014 Adjusted EBITDA Guidance 92 million to 97 million(1) Adjusted EBITDA 110 (in millions) 92 - 97 90 68 70 50 40 35 30 10 2011 2012 2013 2014E 2014 Adjusted EBITDA guidance reflects approximately…
  10. NAPTP MLP Conference – Semgroup Corporation – slide 10
    Rose Rocks Fee-based Business Model Margin Contribution(1) Margin Descriptions Fixed Fee Storage fees 81% Transportation fees Unloading fees Gathering and processing fees 19% Marketing Back-to-back marketing transactions n…
  11. NAPTP MLP Conference – Semgroup Corporation – slide 11
    2014 Capex Guidance Rose Rock Midstream 2014 Capital Expenditures - 75 million(1) 63 84% n Growth n Maintenance 12 16% Project Spend (in millions) Estimated Through Total Description Completion Date 12/31/2013 2014 Capex…
  12. NAPTP MLP Conference – Semgroup Corporation – slide 12
    Rose Rock Midstream Distribution Per LP Unit 2014 Target Coverage Ratio 1.1x-1.2x 2014 Target Distribution Growth 15% year-over-year(1) 0.6000 0.4950 0.5000 0.4650 0.4400 0.4500 0.4300 0.4025 0.4000 0.3625 0.3000…
  13. NAPTP MLP Conference – Semgroup Corporation – slide 13
    Rose Rock Midstream Capitalization & Liquidity March 31, December 31, (in millions) 2014 2013 Total Debt 245 245 Total Equity 360 359 Total Book Capitalization 605 604 Credit Metrics Net Debt 242 230 Total Debt/Capitalization 40%…
  14. NAPTP MLP Conference – Semgroup Corporation – slide 14
    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…
  15. NAPTP MLP Conference – Semgroup Corporation – slide 15
    Growing today with a focus for tomorrow Disciplined Increase Equity Safety Execution Investment Holders Return K3 Plant Rose Valley I Glass Mountain Pipeline Canada Oklahoma Oklahoma 16

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