Slide 1: Investor Presentation
Investor Presentation December 2019
Slide 2: Forward-Looking Statements
Forward-Looking Statements Some of the statements in this presentation constitute “forward-looking statements” about Sunoco LP (“SUN”, “we”, “our,” and “us”) that involve risks, uncertainties and assumptions, including, without limitation, the expected future performance of SUN (including expected r
Slide 3: Overview Of Sunoco LP
Overview Of Sunoco LP Refining Storage & Wholesale Retail Transportation Distribution • Distribute multiple fuel brands across 30 states throughout the East Coast, Midwest, South Central and Southeast regions of the continental United States and Hawaii • Expansive fuel distribution network with cont
Slide 4: Key Investment Highlights
Key Investment Highlights Attractive Fuel Distribution And Logistics Sector The Nation’s Largest Independent Fuel Distributor With Stable Income Streams Diversified Growth Strategy Financial Discipline Attractive Yield With Stable, Predictable Cash Flows; Well Positioned To Capitalize On Growth Oppo
Slide 5: Attractive Fuel Distribution And Logistics Sector
Attractive Fuel Distribution And Logistics Sector U.S. Motor Fuel Wholesale Fuel Margins Volumes Remain Robust Remain Strong And Stable • 2016 through 2018 U.S. gasoline demand was the • Fuel distributors and retail operators are employing highest on record at 9.3 million barrels per day and sophist
Slide 6: The Nation's Largest Independent Fuel Distributor With Stable Income Streams
The Nation’s Largest Independent Fuel Distributor With Stable Income Streams Scale And Brand Provide Stable Fuel Gross Profit Results Additional Sources Of Income Strong Fuel Margins Quarter After Quarter Provide Further Stability • Scale provides the ability to • Price optimization efforts continue
Slide 7: Diversified Growth Strategy
Diversified Growth Strategy Fuel Distribution Midstream • Leverage Sunoco brand as well as other major fuel • Midstream organic projects connected to fuel brands to sign up new customers and retain existing distribution footprint furthers goal of becoming larger partners and more diversified (e.g. J
Slide 8: Financial Discipline
Financial Discipline Maintain Proven History Of Operate Within Distribution Cost Liquidity Leverage Profile Coverage Discipline Target Target ~1.2x Maintain Credit Facility Maintain Cost Efficient ~4.5x – 4.75x Distribution Availability And Secured Model Through Growth Leverage Ratio Coverage Capaci
Slide 9: 2020 Business Outlook And Guidance
2020 Business Outlook And Guidance Fuel Volumes And Margins Operating Expenses(1) Capital Expenditures Fuel Volume To Be At Least 8.4 Total Operating Growth Capital ~$130 Million Billion Gallons With Annual Margins Expenses Maintenance Capital ~$45 Million Between 9.5-10.5 CPG To Be ~$515 Million •
Slide 10: Appendix
Appendix
Slide 11: Capital Structure And Liquidity
Capital Structure And Liquidity ($ in millions) Maturity Rate 9/30/2019 $1.5B Revolving Credit Facility 7/27/2023 L + 200 bps $154 4.875% Senior Notes due 2023 1/15/2023 4.875% 1,000 5.500% Senior Notes due 2026 2/15/2026 5.500% 800 6.000% Senior Notes due 2027 4/15/2027 6.000% 600 5.875% Senior Not