7 slides from Martin Midstream Partners L.p's earnings presentation, Oct 19, 2023
Slide 1: Fourth Quarter and Full Year 2023 Earnings Summary and 2024 Financial Guidance
Fourth Quarter and Full Year 2023 Earnings Summary and 2024 Financial Guidance MARTIN MIDSTREAM PARTNERS February 14, 2024
Slide 2: MMLP 4Q 2023 Adjusted EBITDA Comparison & Reconciliation
MMLP 4Q 2023 Adjusted EBITDA Comparison & Reconciliation Terminalling & Specialty Interest 4Q 2023 (in millions) Transportation Sulfur Services SG&A Storage Products Expense Actual Net income (loss) $8.6 $3.9 $4.8 $4.0 $(6.4) $(14.4) $0.5 Interest expense add back -- -- -- -- -- $14.4 $14.4 Income t
Slide 3: MMLP Full-Year 2023 Adjusted EBITDA Comparison
MMLP Full-Year 2023 Adjusted EBITDA Comparison (in millions) Transportation 2023E 1Q23A 2Q23A 3Q23A 4Q23A 2023A Specialty Products 2023E 1Q23A 2Q23A 3Q23A 4Q23A 2023A Land $33.3 $10.7 $8.7 $6.7 $9.6 $35.6 Lubricants $10.2 $2.3 $2.4 $3.6 $1.7 $10.0 Marine $12.8 $2.6 $3.5 $2.8 $2.3 $11.2 Grease $9.1 $
Slide 4: MMLP Full-Year 2023 Adjusted EBITDA Reconciliation
MMLP Full-Year 2023 Adjusted EBITDA Reconciliation Terminalling & Specialty Interest 2023 (in millions) Transportation Sulfur Services SG&A Storage Products Expense Actual Net income (loss) $33.7 $14.5 $17.4 $17.1 $(27.0) $(60.3) $(4.5) Interest expense add back -- -- -- -- -- $60.3 $60.3 Income tax
Slide 5: MMLP 2024E EBITDA Guidance
MMLP 2024E EBITDA Guidance (in millions) Transportation 1Q24E 2Q24E 3Q24E 4Q24E 2024E Specialty Products 1Q24E 2Q24E 3Q24E 4Q24E 2024E Land $7.1 $6.5 $6.4 $6.2 $26.1 Lubricants $2.2 $2.9 $3.6 $1.6 $10.3 Margin Marine $3.1 $3.7 $4.3 $3.9 $15.1 Grease $2.5 $2.2 $2.4 $1.9 $9.0 Margin Total Transportati
Slide 6: Disclaimers: Use of Non-GAAP Financial Measures and Forward Looking Statements
Disclaimers Use of Non-GAAP Financial Measures This presentation includes certain non-GAAP financial measures such as EBITDA, Adjusted EBITDA, Distributable Cash Flow and Adjusted Free Cash Flow. These non-GAAP financial measures are not meant to be considered in isolation or as a substitute for res
Slide 7: Martin Midstream Partners contact details
Martin Midstream Partners 4200 B Stone Road Kilgore, Texas 75662 903.983.6200 www.MMLP.com