Barclays CEO Energy-Power Conference September 12, 2013 Copyright 2013 Buckeye Partners, L.P.
INVESTMENT HIGHLIGHTS Petroleum storage tanks at our Macungie terminal in Pennsylvania Aerial view of BORCOs six offshore jetties with tank farm in the distance Over 125 years of continuous operations, with a 26-year track record…
BUCKEYES STRATEGY Our Vision: Buckeye - the logistical solutions partner of choice for the global energy business Our Mission: To deliver superior returns to our investors through our talented, valued employees and our core strengths…
BEST PRACTICES INITIATIVE Key Differentiator of Buckeye Multi-Skilled Teams Staff for the Best-In-Class Asset Gain Sharing Trough Manager Initiative Empower our Decentralized Employees Structure Copyright 2013…
ORGANIZATIONAL OVERVIEW Three Business Operating Units Domestic Pipelines & Terminals 6,000 miles of pipeline with 100 delivery locations 100 liquid petroleum product terminals 42 million barrels of liquid petroleum product storage…
BUCKEYE SYSTEM MAP Copyright 2013 Buckeye Partners, L.P. 7
VALUE CREATION/GROWTH DRIVERS 4 Billion Invested Since 2008 Recent Transactions (1) Organic Growth Capital Spending 2012 400 Perth Amboy, New Jersey Marine Terminal, 320.0 260.0 million 320 276.9 247.9 Perth Amboy 2011 240…
CRUDE DIVERSIFICATION Albany, NY Multi-year contract signed with Irving Oil in October 2012 to provide crude oil services, including offloading unit trains, storage, and throughput Albany terminal has two ship docks on the Hudson…
PERTH AMBOY OVERVIEW Facility Overview BPL purchased facility from Chevron (closed in July 2012) Located at the southwest end of New York Harbor on the Arthur Kill Only 6 miles from Buckeye Linden complex Pipeline, water, rail,…
DOMESTIC PIPELINES & TERMINALS GROWTH POTENTIAL PROJECTS Crude Diversification: Utica Shale Multi-year contract to support transformation of Opportunity: the Albany marine terminal to provide crude oil Development is in services,…
FERC ORDER DEVELOPMENTS Buckeye Pipe Lines Market-Rate Program FERC Closes Show Cause Proceeding Regarding Buckeye Pipe Line Company, L.P. (BPL Co.) In response to protest of an airline shipper in the NYC area, FERC issued a Show…
International Pipelines & Terminals Copyright 2013 Buckeye Partners, L.P. 15
INTERNATIONAL PIPELINES AND TERMINALS BORCO BORCO LTM REVENUE(1) World-class marine storage terminal for crude oil, fuel oil, and refined petroleum products 26.1 MMBbls capacity 7.9% Located in Freeport, Bahamas, 80 miles from…
INTERNATIONAL INTERNAL GROWTH PROJECTS EXPANSION AND OTHER GROWTH OPPORTUNITIES BORCO Capital Investment Since Acquisition (350 million): Expanded storage capacity by 4.7 million barrels since acquisition; all 4.7 million barrels are…
BUCKEYE SERVICES OVERVIEW Energy Services Development & Logistics Buckeye Energy Services (BES) markets a wide range of Buckeye Development & Logistics (BDL) operates and/or refined petroleum products and other ancillary products…
INVESTMENT SUMMARY Stability and Growth Proven 26-year track record as a publicly traded partnership through varying economic and commodity price cycles Management continues to drive operational excellence through its best practices…
BASIS OF REPRESENTATION; EXPLANATION OF NON-GAAP MEASURES Buckeyes equity-funded merger with Buckeye GP Holdings, L.P. (BGH) in the fourth quarter of 2010 has been treated as a reverse merger for accounting purposes. As a result, the…
NON-GAAP RECONCILIATIONS Net Income to Adjusted EBITDA and Distributable Cash Flow (000) 2008 2009 2010 2011 2012 LTM (1) Net income attributable to BPL 26,477 49,594 43,080 108,501 226,417 285,850 Interest and debt expense 75,410…
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