Martin Midstream Partners L.p. · NASDAQ:MMLP
Martin Midstream Partners L.p — FY2019 Earnings Presentation
5 slides from Martin Midstream Partners L.p's earnings presentation, Feb 13, 2019
Slide 1: 2019 Financial Guidance
Exhibit 99.3 February 13, 2019 2019 Financial Guidance Martin Midstream Partners L.P. – NASDAQ:MMLP
Slide 2: 2019E Adjusted EBITDA Guidance Reconciliation
2019E Adjusted EBITDA Guidance Reconciliation Terminalling Natural Gas Transportation Interest Sulfur Services SG&A YTD 2019 & Storage Services Services Expense Net Income (loss) $22.4 $43.1 $23.1 $24.0 $(16.5) $(52.5) $43.6 Interest expense add back -- -- -- -- -- $52.5 $52.5 Depreciation and amort
Slide 3: Strong Fee-Based Contract Mix
Strong Fee-Based Contract Mix Te rminal l ing & Sto rag e • Fee-based contracts for traditional storage assets –Specialty and Marine Shore-Based Terminals (with minimum volume commitments) • Fee-based, long-term tolling agreement for Smackover Refinery (with guaranteed minimum volume) • Margin-based
Slide 4: Fee-based Cash Flow Reconciliation
Fee-based Cash Flow Reconciliation 1Q19E 2Q19E 3Q19E 4Q19E 2019E Terminalling & Storage Smackover Refinery $ 5.0 $ 5.1 $ 4.9 $ 5.1 $ 20.1 Fixed Fee Martin Lubricants $ 2.9 $ 3.7 $ 3.8 $ 2.6 $ 13.0 Margin Specialty Terminals $ 3.2 $ 3.1 $ 3.0 $ 3.0 $ 12.3 Fixed Fee Shore Based Lubricants $ 2.0 $ 1.9
Slide 5: 2019E Total Capital Expenditures
2019E Total Capital Expenditures (2) (1) (2) $ millions (1) For 2018, One Time M-CapEx Items include an environmental project at the Smackover Refinery (MBBR* - $3.3MM) and five-year regulatory dry docking for Marine Transportation assets (Drydocking - $4.2MM), and excludes $16.5MM of Expansion CapE
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