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Fourth Quarter 2014 Earnings Conference Call – Sunoco Logistics Partners L.P.

Sunoco Logistics Partners L.P. · Feb 19, 2015 · 24 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. Fourth Quarter 2014 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 1
    Sunoco Logistics Partners L.P. Fourth Quarter 2014 Earnings Conference Call February 19, 2015
  2. Fourth Quarter 2014 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 2
    Highlights Distributions: 2015 guidance of approximately 20% year-over-year growth 4Q increase: 1.53/unit to 1.60/unit (annualized) 11 consecutive quarter over quarter increase of 5% 39th consecutive increase overall 21% increase…
  3. Fourth Quarter 2014 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 3
    Highlights Capital: 2015 organic expansion capital guidance at 2 billion 2014 organic expansion capital of 2.5 billion 2014 acquisition capital of 448 million 2014 maintenance capital of 76 million 4Q14 Financing: Issued 1…
  4. Fourth Quarter 2014 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 4
    Adjusted EBITDA: Ratable and Market Related 1,000 971 Maximize asset base by 871 810 taking advantage of 800 market opportunities Adjusted EBITDA (MM) 600 573 Distributions based on 400 399 ratable cash 200 Market…
  5. Fourth Quarter 2014 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 5
    Major Organic Projects 14 Successful Open Seasons: 3 West Texas Crude expansion projects (crude oil) Permian Express 1 (crude oil) Permian Express 2 (crude oil) Eaglebine Express (crude oil) Granite Wash Extension (crude oil)…
  6. Fourth Quarter 2014 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 6
    11 Consecutive Quarters of 5% Distribution Growth Guidance 5% quarter over quarter increases in 2015 Note: Values adjusted for the two-for-one unit split completed on June 12, 2014 7
  7. Fourth Quarter 2014 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 7
    Organic Expansion Capital 2,500 2,000 Investment (MM) 1,500 1,000 500 0 2010 2011 2012 2013 2014 2015P Organic Expansion Capital 8
  8. Fourth Quarter 2014 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 8
    Scheduled Project Start-up 9
  9. Fourth Quarter 2014 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 9
    Mariner South Natural Gas Liquids Export propane and butane from our Nederland terminal on the Gulf Coast: Mariner South Propane and Butane from Mont Belvieu to Nederland Joint project between SXL and Lone Star (ETP/RGP)…
  10. Fourth Quarter 2014 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 10
    Mariner East 1 Natural Gas Liquids A Comprehensive Marcellus Shale Solution: Natural Gas Liquids from Houston, PA to the Marcus Hook Industrial Complex Mix of Propane & Ethane Approx. 70 MB/D capacity Propane commenced operation…
  11. Fourth Quarter 2014 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 11
    Allegheny Access Refined Products Allegheny Access Midwest products to Eastern Ohio Ohio Products to Pittsburgh and Western Pennsylvania: Utilizes existing and new assets Capacity of 85 MB/D End of 1Q15 projected start-up…
  12. Fourth Quarter 2014 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 12
    Permian Express 2 Crude Oil Additional West TX Crude Expansion: Increase takeaway capacity out of the Permian Basin Provides access to multiple markets Approx. 200 MB/D capacity Expected to be operational in 3Q15 Fee-based…
  13. Fourth Quarter 2014 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 13
    APPENDIX
  14. Fourth Quarter 2014 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 14
    SXL Q4 2014 Financial Highlights (amounts in millions) Three Months Ended Twelve Months Ended December 31, December 31, 2014 2013 2014 2013 Sales and other operating revenue 3,875 4,288 18,088 16,639 Cost of products sold 3,545…
  15. Fourth Quarter 2014 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 15
    SXL Q4 2014 Financial Highlights (amounts in millions, except per unit amounts) Three Months Ended Twelve Months Ended December 31, December 31, 2014 2013 2014 2013 Calculation of Limited Partners' interest: Net Income (Loss)…
  16. Fourth Quarter 2014 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 16
    SXL Q4 2014 Financial Highlights (amounts in millions) Three Months Ended Twelve Months Ended December 31, December 31, 2014 2013 2014 2013 Capital Expenditures: Expansion 610 367 2,483 965 Maintenance 29 16 76 53 Acquisitions 326…
  17. Fourth Quarter 2014 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 17
    SXL Q4 2014 Financial Highlights (amounts in millions) December 31, December 31, 2014 2013 Balance Sheet Data: Cash and cash equivalents 101 39 Advances to affiliated companies (1) - 239 Revolving credit facilities 185 235 Senior…
  18. Fourth Quarter 2014 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 18
    SXL Non-GAAP Financial Measures (amounts in millions) Three Months Ended Twelve Months Ended December 31, December 31, 2014 2013 2014 2013 Net Income (Loss) (125) 105 300 474 Interest expense, net 16 19 67 77 Depreciation and…
  19. Fourth Quarter 2014 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 19
    SXL Crude Oil Pipelines (financial amounts in millions) Three Months Ended Twelve Months Ended December 31, December 31, 2014 2013 2014 2013 Financial Highlights Sales and other operating revenue 142 139 555 495 Adjusted EBITDA…
  20. Fourth Quarter 2014 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 20
    SXL Crude Oil Acquisition and Marketing (financial amounts in millions) Three Months Ended Twelve Months Ended December 31, December 31, 2014 2013 2014 2013 Financial Highlights Sales and other operating revenue 3,395 3,968 16,418…
  21. Fourth Quarter 2014 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 21
    SXL Terminal Facilities (financial amounts in millions) Three Months Ended Twelve Months Ended December 31, December 31, 2014 2013 2014 2013 Financial Highlights Sales and other operating revenue 356 215 1,224 751 Adjusted EBITDA…
  22. Fourth Quarter 2014 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 22
    SXL Products Pipelines (financial amounts in millions) Three Months Ended Twelve Months Ended December 31, December 31, 2014 2013 2014 2013 Financial Highlights Sales and other operating revenue 51 34 178 130 Adjusted EBITDA 18 13…
  23. Fourth Quarter 2014 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 23
    SXL Key Financial and Operating Statistics 2010 2011 2012 2013 2014 Total Total 1st 2nd 3rd 4th Total 1st 2nd 3rd 4th Total 1st 2nd 3rd 4th Total Financial highlights (in millions) Sales and other operating revenue Crude Oil…
  24. Fourth Quarter 2014 Earnings Conference Call – Sunoco Logistics Partners L.P. – slide 24
    SXL Key Financial and Operating Statistics 2010 2011 2012 2013 2014 Total Total 1st 2nd 3rd 4th Total 1st 2nd 3rd 4th Total 1st 2nd 3rd 4th Total Reconciliation of Segment Operating Income to Net Income Attributable to Sunoco…

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