Crossamerica Partners Lp · NYSE:CAPL

Crossamerica Partners Lp — Investor Presentation (December 2014)

14 slides from Crossamerica Partners Lp's investor presentation, Dec 9, 2014

  1. Slide 1: CrossAmerica Partners LP

    Exhibit 99.1 c:e CROSSAMERICA PARTNERS LP

  2. Slide 2: Forward Looking and Cautionary Statements

    Forward Looking and Cautionary Statements This presentation and oral statements made regarding the subjects of this presentation may contain forward-looking statements, which may include, but are not limited to, statements regarding our plans, objectives, expectations and intentions and other statem

  3. Slide 3: CrossAmerica Partners Overview

    CrossAmerica Partners Overview • CrossAmerica Partners LP (“CAPL” or “CrossAmerica”) is a leading wholesale distributor Top 10 Distributor for (2): of motor fuels and owner and lessee of real estate related to retail fuel distribution. Its Predecessor was founded in 1992 Focused on distributing fuel

  4. Slide 4: Investment Highlights

    Investment Highlights • Acquisition Pipeline of Fuel Distribution and Real Estate Assets from CST Brands • Stable Cash Flows from Rental Income and Wholesale Fuel Distribution • Established History of Completing and Integrating Acquisitions • Long-Term Relationships with Major Integrated Oil Compani

  5. Slide 5: CrossAmerica Operations

    CrossAmerica Operations Qualifying MLP Income Industry Value Chain Non-Qualifying MLP Income Pipeline / Storage Wholesale Distribution • Stable cash flow • Margin per gallon Wholesale Distributor • Limited commodity exposure Retail Fuel Distribution • Multi-year contracts Inside Store Sales Rental I

  6. Slide 6: CrossAmerica Portfolio Overview

    CrossAmerica Portfolio Overview Sites Where CrossAmerica Partners LP Supplies Wholesale Motor Fuels as of September 30, 2014 Geographic diversity will increase as the Partnership adds New to Industry (“NTI”) sites from CST in its core markets in the Southwest Note: Excludes Nice ‘N Easy acquisition

  7. Slide 7: CrossAmerica Strategy

    CrossAmerica Strategy • Utilize relationship with CST to maintain and grow cash flow • Own or lease sites in prime locations and seek to enhance cash flow • Expand within and beyond core geographic markets through acquisitions • Increase motor fuel distribution business by expanding market share She

  8. Slide 8: CST Brands Acquisition of CAPL's General Partner

    CST Brands Acquisition of CAPL’s General Partner • On August 6, 2014, CAPL announced the acquisition of its general partner and IDRs by CST Brands; closing occurred October 1, 2014 • CAPL continues to operate as a separate, publicly traded MLP • Creates a leading platform in the industry with fuel d

  9. Slide 9: Transaction Benefits for CAPL Unitholders

    Transaction Benefits for CAPL Unitholders • Expected to provide for both greater certainty of and an increased rate of future distribution growth • Greater certainty of drop-down asset acquisitions versus third-party acquisitions • Creates an enhanced platform with which to pursue third-party acquis

  10. Slide 10: Stable Cash Flows

    Stable Cash Flows Wholesale Distribution Cash Flows Wholesale Distribution Margin Per Gallon (1)(2) • Lessee dealer wholesale agreements generally have 3 year $0.080 Average Margin: $0.0656 initial terms and a remaining term of 2.5 years as of $0.072 $0.070 $0.070 $0.070 $0.068 December 31, 2013 $0.

  11. Slide 11: Prime Real Estate Locations

    Prime Real Estate Locations • We own and lease sites that provide CAPL Controlled Sites by State(1) convenient fueling locations in areas of high consumer demand New Jersey • We own or lease sites in sixteen states (1) 16% Pennsylvania Massachusetts Six of the states are in the top ten 22% 11% state

  12. Slide 12: Branded Fuel Suppliers

    Branded Fuel Suppliers • One of the ten largest independent distributors by CAPL Fuel Distribution by Brand (1) volume in the U.S. for ExxonMobil, BP and Shell % of Total Motor branded fuels Supplier Fuel Distributed ExxonMobil 39% Also distribute Valero, Sunoco, Chevron, BP 27% Citgo and Gulf-brand

  13. Slide 13: Growth Through Acquisitions

    Growth Through Acquisitions • In place pipeline of fuel and real estate acquisitions from CST Acquisitions Since Our IPO (1) • CST distributed 1.9 billion gallons in the Sites Acquired Total U.S. in 2013 (Fee & Consideration • CST’s current domestic gallons plus Acquisition Leasehold) ($ million) gr

  14. Slide 14: Distributions

    Distributions • Our primary business objective is to make Recent Distribution History (1) (2) quarterly cash distributions to our unitholders 3rd 4th 1st 2nd 3rd and, over time, to increase our quarterly cash Quarter Quarter Quarter Quarter Quarter distributions 2013 2013 2014 2014 2014 Quarterly Di

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