JUMP STARTING TRANSFORMATION ETP acquires Susser Holdings, announces plan to drop SUSS and Sunoco Inc. businesses into Susser Petroleum Partners now Sunoco LP (NYSE: SUN) SUN closes new 1.25 billion revolving credit facility that…
INVESTMENT HIGHLIGHTS Demonstrated Healthy Distribution Growth with Strong Track 20% CAGR Leading Record of over 8 Quarters Market Stable Cash Position with Flows Iconic Brands Diversified Supportive Business and and…
GEOGRAPHICALLY DIVERSE PLATFORM FOR FUTURE DROP DOWN GROWTH AT SUN ETP Retail Marketing SUN + MACS + Aloha Potential Future Growth Segment (1) 12/31/14 PF Motor 2,491(2) 5,273 7,764 Fuel Sales (MM Gallons): 12/31/14 PF 183…
SIGNIFICANT ADDITIONAL SCALE OPPORTUNITY FOR SUN LP FROM OVER 5,700 SITES Site Count as of December 31, 2014 SUN Sites Remaining ETP Retail (SUSP + MACS / Marketing Segment Total Tiger + Aloha) (Sunoco + SUSS) (1) Company Operated…
GROWTH THROUGH ACQUISITIONS AND DROPDOWNS HAS ALREADY ACCELERATED EBITDA GROWTH Adjusted EBITDA (MM) 211 122 52 24 32 (1) (2) 2011 2012 2013 Actual FYE 2014 Pro Forma FYE 2014 (1) Based on actual FYE 2014 results which…
GROWTH THROUGH ACQUISITIONS AND DROPDOWNS ADDS SCALE AND DIVERSITY Gallons Sold (MM) 656 105 2,491 1,835 1,450 1,571 1,312 2011 2012 2013 FYE 12/31/2014 (1) MACS & Aloha SUN LP (1) Gallons based on FYE 2014 results…
DIVERSIFIED SOURCES OF CASH FLOW SUN LP Pro Forma Gallons Sold by Channel(1) Channel Description Retail 9% Sale of retail fuel and merchandise through company-operated sites 15% Company Operated - Operate convenience store and sell…
SUN LP GENERATES STABLE CASH FLOWS FROM DIVERSIFIED LINES OF BUSINESS Gross Profit Contribution From Segment (FYE 12/31/14)(1) 2% 12% 25% 15% 46% Retail Fuel Wholesale Fuel Merch & Other C-Store Rent Other Fuel (1)…
Q4 2014 UPDATE Sunoco LP QTD Dec 2013 QTD Dec 2014 % Change YTD Dec 2013 YTD Dec 2014 % Change Total Fuel Gallons 416 607 46% 1,571 2,012 28% Average Fuel Margin cents/gallon 3.8 13.0 242% 3.7 7.0 89% Merchandise Sales 0 10 N/A - 83…
SUN HAS CONSISTENTLY GROWN DISTRIBUTIONS SINCE 2012 IPO Distributions / Unit +3.5% 20% DPU CAGR 0.60 0.60 0.55 0.52 0.50 0.50 0.49 0.47 0.45 0.44 0.40 0.30 +10% 0.20 +5% 0.10 +3.5% +3.5% +3.5% +3.5% +3.5% - Q1 2013 Q2…
SUN LP CAPITAL STRUCTURE 12/31/13 12/31/14 Cash 8,150 67,151 Debt(1) Revolver 156,210 683,378 Term Loan 25,866 - Notes Payable 4,075 3,552 Capital Lease Obligations - 493 Total Debt 186,151 687,423 Unitholder's Equity 79,693…
SUN WILL LOOK TO DELIVER UNITHOLDER VALUE WHILE INCREASING SCALE SUN will continue to use multiple avenues to execute its growth strategy: Drop down growth Wholesale growth Same-store sales growth New store growth Third party…
RETAIL MARKETING ASSET DROP DOWNS ETP previously announced its intent to drop down the existing Sunoco and SUSS retail marketing businesses into SUN in a series of synchronized drop down transactions for newly issued SUN common units…
MULTIPLE AVENUES FOR ORGANIC GROWTH New to Industry (NTI) Raze & Rebuilds Targeted in high growth markets with favorable Increases returns on existing sites with attractive demographics volume and customer traffic NTI growth allows…
SUN WILL TARGET PRUDENT GROWTH VIA ACQUISITIONS SUN will continue to look to opportunistically acquire strong performing retail and wholesale businesses / assets in attractive markets We evaluate potential acquisitions through the…
LEVERAGING THE RELATIONSHIP WITH ENERGY TRANSFER ETPs interests are clearly aligned with SUNs Experienced Strong track team that has record of managed creating value acquisitions, for ETP owns integrations, unitholders…
KEY INVESTMENT HIGHLIGHTS Stability Visible Growth Significant amount of long-term, Meaningful growth achievable fee-based contracts through significant inventory of drops from ETP Historical stability of fuel margins Ability to…
APPENDIX 21
SIMPLIFIED SUN ORG STRUCTURE Publicly Traded MLP Energy Transfer Equity, L.P. (1) (NYSE: ETE) General Partner/Parent Company Public Unitholders Energy Transfer Partners, L.P. (NYSE: ETP) 57.2% LP Interest (2) 42.8% LP Interest…
RECENT DEVELOPMENTS MACS Drop Down Acquisition Aloha Acquisition On October 1, 2014, SUN closed the acquisition of Mid- On December 16, 2014, SUN closed the acquisition of Atlantic Convenience Stores, LLC from ETP in a transaction…
SUNOCO LP IS A KEY PLAYER IN THE MOTOR FUELS VALUE CHAIN Motor Fuels Value Chain Crude Oil Refining Storage and Wholesale Retail Production Transportation Distribution SUN operates within the wholesale and retail distribution…
SUNOCO LP IS A KEY PLAYER IN THE MOTOR FUELS VALUE CHAIN (CONT.) Motor Fuels Value Chain Crude Oil Refining Storage and Wholesale Retail Production Transportation Distribution The recent acquisition of SUSS by ETP has opened the…
SUN LP POISED TO HOLD A LEADING POSITION IN A STABLE & THRIVING C-STORE INDUSTRY Resilient industry growth 2013 marked the 11th consecutive year of industry-wide merchandise sales growth Increasing demand for convenience and improved…
FRAGMENTED CONVENIENCE STORE INDUSTRY OFFERS ATTRACTIVE ACQUISITION OPPORTUNITIES Industry is highly fragmented with almost Ownership of 128,000 Convenience 60% of the industry comprising single- Stores Selling Fuel (1) store owners…
BRAND PORTFOLIO WITH POWERFUL REACH AND STRENGTH Brand equity and presence spans fuel, food service and convenience store platforms Sunoco ranks in the top 100 U.S. brands in both familiarity and favorability (1) 2nd among fuel…
REAL ESTATE SUMMARY AS OF DECEMBER 31, 2014 Properties Controlled by SUN Fee Leased Total Retail 67 88 155 (1) Wholesale 207 110 317 Total Operating Sites 274 198 472 (1) Includes 66 Stripes Stores dropped down to SUN LP in…
2014 & 2015 CAPEX OUTLOOK in millions 2014 Actual 2015 Estimate Low High Sunoco Maintenance 5 15 25 Sunoco Growth 168 165 215 Sunoco Total Capex (1) 173 180 250 Maintenance capex includes non-revenue adding improvements to…
FUEL DISTRIBUTION PRODUCES SIGNIFICANT QUALIFYING INCOME Qualifying Non-Qualifying Wholesale supply of fuel to related Sales of fuel products to retail party, independent dealers or lessee customers dealers, and most 3rd parties…
SUNOCO LP, RECONCILIATION OF ADJUSTED EBITDA AND DISTRIBUTABLE CASH FLOW TO NET INCOME ( in Thousands) Predecessor Successor Pro Forma Combined Actual Combined Fiscal Year Fiscal Year Fiscal Year Results for the Results for the…
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