Martin Midstream Partners L.p. · NASDAQ:MMLP

Martin Midstream Partners L.p — FY2020 Earnings Presentation

6 slides from Martin Midstream Partners L.p's earnings presentation, Feb 22, 2021

  1. Slide 1: Fourth Quarter and Full Year 2020 Earnings Summary and 2021 Financial Guidance

    1 Martin Midstream Partners L.P. February 22, 2021 Fourth Quarter and Full Year 2020 Earnings Summary and 2021 Financial Guidance Exhibit 99.2

  2. Slide 2: Use of Non-GAAP Financial Measures; Forward Looking Statements

    2 Use of Non-GAAP Financial Measures Disclaimers Forward Looking Statements This presentation includes certain non-GAAP financial measures such as EBITDA, Adjusted EBITDA, Distributable Cash Flow and Adjusted Free Cash Flow. Adjusted Free Cash Flow is defined as Distributable Cash Flow less Growth C

  3. Slide 3: MMLP 4Q 2020 Adjusted EBITDA Comparison & Reconciliation

    3 MMLP 4Q 2020 Adjusted EBITDA Comparison & Reconciliation Note: numbers may not add due to rounding *Pre-Unallocated SG&A (in millions) Terminalling & Storage Sulfur Services Transportation Natural Gas Liquids SG&A Interest Expense 4Q 2020 Net income (loss) $12.6 $4.7 $(2.3) $1.5 $(5.1) $(13.9) $(2

  4. Slide 4: MMLP 2020 Adjusted EBITDA Reconciliation

    4 (in millions) Terminalling & Storage Sulfur Services Transportation Natural Gas Liquids SG&A Interest Expense 2020A Net Income (loss) $23.9 $29.0 $1.8 $9.6 $(24.9) $(46.2) $(6.8) Interest expense add back -- -- -- -- -- $46.2 $46.2 Loss on exchange of senior unsecured notes -- -- -- -- $8.8 -- $8.

  5. Slide 5: MMLP 4Q 2019 Adjusted EBITDA Reconciliation

    5 MMLP 4Q 2019 Adjusted EBITDA Reconciliation Note: numbers may not add due to rounding (in millions) Terminalling & Storage Sulfur Services Transportation Natural Gas Liquids SG&A Interest Expense 4Q 2019 Net income (loss) $2.6 $4.6 $5.5 $9.5 $(4.5) $(11.1) $6.6 Interest expense add back -- -- -- -

  6. Slide 6: 2021E Guidance Range of Adjusted EBITDA, Distributable Cash Flow and Adjusted Free Cash Flow

    6 2021E Guidance Range of Adjusted EBITDA, Distributable Cash Flow and Adjusted Free Cash Flow (in millions) Guidance Year Ending December 31, 2021 (Unaudited) Adjusted EBITDA $95 - 102 Less: Interest $49 Maintenance capital expenditures $17 - 19 Distributable cash flow $29 - 34 Less: Expansion capi

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