Martin Midstream Partners L.p. · NASDAQ:MMLP
Martin Midstream Partners L.p — Q2 2020 Earnings Presentation
5 slides from Martin Midstream Partners L.p's earnings presentation, Jul 27, 2020
Slide 1: Second Quarter 2020 Earnings Summary
Exhibit 99.2 Martin Midstream Partners L.P. Second Quarter 2020 Earnings Summary July 27, 2020 1
Slide 2: Disclaimers
Disclaimers Use of Non-GAAP Financial Measures This presentation includes certain non-GAAP financial measures such as EBITDA and Adjusted EBITDA. These non-GAAP financial measures are not meant to be considered in isolation or as a substitute for results prepared in accordance with accounting princi
Slide 3: MMLP 2Q 2020 Adjusted EBITDA Comparison & Reconciliation
MMLP 2Q 2020 Adjusted EBITDA Comparison & Reconciliation Terminalling Natural Gas Interest Sulfur Services Transportation SG&A 2Q 2020 & Storage Liquids Expense Net income (loss) $3.3 $7.4 $0.6 $1.1 $(5.2) $(9.4) $(2.2) Interest expense add back -- -- -- -- -- $9.4 $9.4 Income tax expense -- -- -- -
Slide 4: MMLP 2Q 2019 Adjusted EBITDA Reconciliation
MMLP 2Q 2019 Adjusted EBITDA Reconciliation Terminalling Natural Gas Interest Sulfur Services Transportation SG&A 2Q 2019 & Storage Liquids Expense Net income (loss) $4.4 $5.3 $3.3 $(3.4) $(5.3) $(15.0) $(10.7) Interest expense add back -- -- -- -- -- $15.0 $15.0 Income tax expense -- -- -- -- $0.6
Slide 5: 2020E Guidance Update
2020E Guidance Update $ millions 2Q20A 2020E Adjusted EBITDA $23.9 $95 - $107 (1) (2) Expansion Capital Expenditures $3.2 $10 - $13 Maintenance Capital Expenditures $2.4 $14 - $16 (1) Does not include net expenditures of $0.5mm related to the Neches Ship-Loader (2) On July 9, 2020, the Partnership e
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