NYSE MKT: DAKP CORPORATE PRESENTATION MARCH 23, 2015 WWW.DAKOTAPLAINS.COM
OVERVIEW Corporate Overview: Operate the Pioneer Terminal in New Town, ND transloading outbound crude and inbound frac sand Current Environment Evaluating demand for crude-by-rail vs. pipeline in lower commodity price environment…
INFORMATION Dakota Plains Holdings, Inc. is an integrated midstream energy company operating the Pioneer Terminal with services that include outbound crude oil storage, logistics, and rail transportation and inbound frac sand…
LOCATION Location Highlights: One of 3 rail terminals not on BNSF Only non-BNSF terminal that accepts third party volumes Capacity for 5 inbound pipelines; two connected Access to only Missouri River bridge crossing for 70…
TRANSFORMATION 2 Years Ago 2015 indirect investment in 3 50/50 JVs 100% ownership and operating control 0 operating control 50k b/d average throughput 26k b/d average throughput 2 loop tracks and 8 ladder tracks 4 ladder tracks 180k…
GOVERNANCE STOCKHOLDER FOCUSED PERFORMANCE DRIVEN ADAM KROLOFF CHAIRMAN OF THE BOARD STEVEN BLANK DAVID FELLON GARY ALVORD BOARD OF DIRECTORS INDEPENDENT DIRECTOR INDEPENDENT DIRECTOR LEAD INDEPENDENT DIRECTOR CRAIG MCKENZIE…
GROWTH Oil 2010 2017E Phase 1 Phase 2 Phase 3 Tank 3 under construction; operational July 2015 6m fully funded Phase 4 Loop Track 3 under evaluation 5m est. Phase 5 Tanks 4, 5, & loading expansion 25m est. Phase 6 Tank 6…
STRATEGIC ALTERNATIVES Combination with other company or MLP Acquisition of strategic & accretive assets (or company) Recapitalization of debt/equity/structure Sale to buyer pending level of interest Oil Sand Opportunity Set…
RAIL VS. PIPE Brent/WTI spread /bbl North Dakota production Rail bbl/day Volume Pipeline Capacity 58% Pipeline Volume Sources: North Dakota Pipeline Authority (NDPA) with data through December 2014 and the Energy…
OPERATIONS - OIL Land is owned by Dakota Plains Holdings, Inc. Commenced operations August 2010 Generates revenue through fee/bbls Double loop track, each 120 car capable 180,000 bbls of storage, third 90,000 bbls tank expected to…
OPERATIONS - SAND Land is owned Dakota Plains Holdings, Inc. Commenced frac sand transloading operations June 2014 Generates revenue through fee/ton paid by Unimin 8,500 feet of dedicated track space 8,000 tons of storage Track…
Actual k b/d of crude oil 2014 PIONEER TRANSLOADING ToP vol = 49.1 kbpd PLAN 2015 k tons per month of frac sand 15
PRIORITIES 2015 Guidance Delivery 57.5 k b/d oil; 97.5 k tons/q sand; 23.4 m EBITDA Tank 3 Construction commission by July 2015 Operations Efficiency bring outsourced operations in-house Throughput Contracts new customers and…
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CRUDE BY RAIL TERMINALS END OF 2014 Global/Basin Stampede - CP c. 80k bpd Plains All American No 3rd Party Hess Ross BNSF Crestwood Partners Storage 200k Tioga - BNSF c. 68k bpd Epping - BNSF Gathering c. 140k bpd c. 160k bpd…
4Q 2014 RESULTS all results in mm 4q 2014 4q 2013 Consolidated Net Income (0.9) 0.3 EBITDA 1.9 0.1 Oil Transloading JV Revenue 7.7 4.6 Income 2.5 0.9 Sand Transloading JV (a) Revenue 0.6 Income 0.2 Discontinued Operations…
FY 2014 RESULTS all results in mm FY 2014 FY 2013 Consolidated Net Income (3.3) (1.7) EBITDA 3.4 2.4 Oil Transloading JV Revenue 26.8 17.5 Income 6.7 4.3 Sand Transloading JV (a) Revenue 1.4 Income 0.4 Discontinued…
EBITDA RECONCILIATION- 4Q AND FY 2014 RESULTS Non-GAAP Financial Measures Dakota Plains Holdings, Inc. Reconciliation of Adjusted EBITDA Three Months Ended Year Ended December 31, December 31, 2014 2013 2014 2013 2012 Net…
EBITDA RECONCILIATION- 2015 GUIDANCE (expressed in USD millions, unless otherwise indicated) Twelve Months Ended December 31, 2015 Net Income 8.5 Add back: Interest Expense 7.6 o/w Contingent payment interest 4.2 Term loan and…
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