Ferrellgas Partners, L.P. · OTC:FGPR
Ferrellgas Partners, L.P — Wells Fargo Securities 2014 Energy Symposium
22 slides from Ferrellgas Partners, L.P's conference presentation, 2014
Slide 1: Ferrellgas Partners, L.P.
Ferrellgas Partners, L.P. Wells Fargo Securities 2014 Energy Symposium
Slide 2: Forward Looking Statement Disclaimer
Forward Looking Statement Disclaimer The following information contains, or may be deemed to contain, forward-looking statements. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the fut
Slide 3: Ferrellgas Partners: An American Success Story
Ferrellgas Partners: An American Success Story Founded in 1939 – 75th anniversary of operations; a trusted consumer brand to millions of Americans 20th anniversary as a publicly traded, master limited partnership (NYSE: FGP) A long-standing, solid capital markets return for retail and institut
Slide 4: Our Growing List of National Brands and Product Offerings
Our Growing List of National Brands and Product Offerings Retail propane Energy logistics and Portable tank wholesale propane exchange Midstream water logistics Consumer products Consumer products 4
Slide 5: An Extensive Nationwide Footprint Serving Our Propane Consumers
An Extensive Nationwide Footprint Serving Our Propane Consumers Residential, Commercial, Agricultural, Portable Tank Exchange and Autogas customers in all 50 states 5
Slide 6: Blue Rhino – It's not just propane
Blue Rhino – It’s not just propane The undisputed leader in propane tank exchange Cultivator of new national accounts; 46,000 serving the retail nations locations largest nationwide; retailers and growing! A focus on recreational, outdoor living providing a counter seasonal balance to our traditiona
Slide 7: A Strategic Focus Towards Further Diversifying Operations
A Strategic Focus Towards Further Diversifying Operations In fiscal 2014, Ferrellgas established a Midstream operating division with 3 acquisitions in the Eagle Ford shale region of south Texas September 2014 Announced May 2014 acquisition of Acquired sixth two additional SWD facility to SWD facilit
Slide 8: Fiscal 2014: Continuing to Lay the Foundation for the Future
Fiscal 2014: Continuing to Lay the Foundation for the Future 3rd record financial performance in the last 5 years; 6th in the last 9 A proven track record of producing results for investors Record Adjusted EBITDA of $288 million; 6% growth over FY13 results Record Distributable Cash Flow; co
Slide 9: Laying the Foundation for the Future, cont'd
Laying the Foundation for the Future, cont’d Equity yield in the healthy, low-7% range; a proven source of growth capital Sellers of operations taking back FGP equity as a strong reinvestment for the future Credit/outlook upgrades from both Moody’s and Standard & Poor’s Moody’s OLP debt rati
Slide 10: Earnings Guidance Suggests Another Record Year is Ahead
Earnings Guidance Suggests Another Record Year is Ahead Fiscal 2015 Adjusted EBTIDA guidance of $300 to $320 million will provide DCF coverage of 1.16x to 1.28x 10
Slide 11: Significant Employee Ownership Aligning Investor Interest
Significant Employee Ownership Aligning Investor Interest Employee Stock Ownership Trust (“ESOT”) Stable, Long-term 100% Ownership Base Ferrell Companies, Inc. (“FCI”) 22,776,251 Common Units 100% Employee’s very James E. Ferrell Public 4,358,475 Common 55,577,094 Common Ferrellgas Inc. incented to
Slide 12: Balanced Capital Structure; Managable Debt Maturities
Balanced Capital Structure; Managable Debt Maturities Calendar Year Principal (in millions) Amount 2014 2015 2016 2017 2018 2019 2020 2021 2022 Ferrellgas, L.P. Senior Credit Facility (1) $600.0 ***** AR Securitization factiliy (2) $225.0 ***** 6.50% Senior notes due 2021 $500.0 500.0 6.75% Senior n
Slide 13: Overview of Midstream Operations
Overview of Midstream Operations 13
Slide 14: Overview of Sable Environmental
Overview of Sable Environmental Ferrellgas established its Midstream division with an initial focus on salt water disposal and fluid logistic Acquired Sable Environmental, LLC (“Sable”) on May 1, 2014 Including the purchase of Sable and two subsequent transactions, we currently own and operate
Slide 15: Facilities Well Positioned to Serve the Nations Largest Producers
Facilities Well Positioned to Serve the Nations Largest Producers 15
Slide 16: Aerial View of Helena SWD Location
Aerial View of Helena SWD Location 16
Slide 17: Our Focus For Midstream Growth
Our Focus For Midstream Growth Ferrellgas is a national provider of energy logistics, with management experienced in hauling, terminalling and storing energy and related products Seeking to further diversify our cash flow with MLP qualifying assets/operations Scope of diversification will incl
Slide 18: Overview of Propane Operations
Overview of Propane Operations 18
Slide 19: For 75 Years, A Trusted Provider of Propane For Americans
For 75 Years, A Trusted Provider of Propane For Americans Fleet of over 1,600 bulk Over 46,000 tank exchange selling Fleet of 146 transport tractors and delivery trucks locations and 20 million annual significant common carrier transactions relationships We own approximately 50 million 50 service ce
Slide 20: Nationwide Footprint – A True Competitive Advantage
Nationwide Footprint – A True Competitive Advantage 20
Slide 21: A Proven Industry Consolidator
A Proven Industry Consolidator Leveraging our nationwide footprint to profitability consolidate a fragmented retail propane marketplace 21
Slide 22: Investor Summary
Investor Summary Long standing operator of strategic energy assets in the United States History of managing the business for the long-term benefit of investors 20-year, capital market’s issuer of public debt and equity securities Strategically diversifying cash flows for the growth/health of
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