Murphy Usa Inc. · NYSE:MUSA
Murphy Usa — Shareholder Meeting (May 2020)
9 slides from Murphy Usa's shareholder meeting presentation, May 7, 2020
Slide 1: Annual Shareholder Meeting
Annual Shareholder Meeting May 2020 Murphy USA Inc. 1
Slide 2: Cautionary statement
Cautionary statement This presentation contains forward-looking statements. These statements, which express management’s current views concerning future events or results, are subject to inherent risks and uncertainties. Factors that could cause actual results to differ materially from those express
Slide 3: Raising the bar on shareholder value proposition
Raising the bar on shareholder value proposition MUSA High and Low Closing Share Price with Annual Set the Bar Raise the Bar Average by Year Since Spin Spin to 2018 2019 to 2023 As of 4/30/2020 TSR: 14% CAGR TSR: 15+% CAGR $130 2013 2018 2019 2023 $121 $120 $115 Adjusted EBITDA $340 $412 $423 $500+
Slide 4: Creating value through a simple formula – and executing
Creating value through a simple formula – and executing MUSA Value Creation Drivers Strategy Levers Build/Rebuild • Build high-return 2,800 sq. ft. NTIs Organic in target markets Growth assets where • Convert high-performing kiosks to we have a 1,400 sq. ft. stores right to win • Manage portfolio fo
Slide 5: Gaining momentum despite COVID-19 challenges
Gaining momentum despite COVID-19 challenges MUSA’s Advantage Proof Points March April • LTD (1) Fuel Gallons (2) – MUSA ▼ 30% +17% ▼ 28% +21% Customer – Market ▼ 47% ▼ 49% Distinct Footprint Traffic • LTD Merch Transactions (2) – MUSA ▼ 17% +11% ▼ 12% +12% – Market ▼ 28% ▼ 24% • LTD Tobacco Sales (
Slide 6: Appendix
Appendix Murphy USA Inc. 6
Slide 7: 2020 guidance
2020 guidance 2019 Guidance Range 2019 Actual Results 2020 Guidance Range Organic Growth New Stores 15-20 17 Up to 30 Raze and Rebuilds 20-25 27 Up to 25 Fuel Contribution Retail fuel volume per store (K gallons APSM) 240 to 245 248 Withdrawn Fuel Breakeven Merchandise contribution ($ Millions) $410
Slide 8: Non-GAAP adjusted EBITDA reconciliation
Non-GAAP adjusted EBITDA reconciliation Year Ended December 31, (Millions of dollars) 2013 2014 2015 2016 2017 2018 2019 Net Income $ 235.0 $ 243.9 $ 176.3 $ 221.5 $ 245.3 $ 213.6 $ 154.8 Income taxes 100.1 116.4 80.7 130.5 (5.2) 60.3 47.6 Interest expense, net of interest income 13.4 36.4 31.4 39.1
Slide 9: Non-GAAP Adjusted EBITDA Reconciliation
Non-GAAP Adjusted EBITDA Reconciliation 2020 and 2023 – GAAP to non-GAAP Reconciliation (Millions of dollars) Calendar Year 2020 Calendar Year 2023 Net Income $162 $175 Income taxes $55 $59 Interest expense, net of interest income $51 $44 Depreciation and amortization $171 $221 Other operating and n