Gibson Energy Inc. · TSX:GEI
Gibson Energy — Investor Presentation (February 2025)
28 slides from Gibson Energy's investor presentation, February 2025
Slide 1: Investor Presentation February 2025
INVESTOR PRESENTATION February 2025 TSX: GEI TSX: GEI TSX: GEI
Slide 2: Gibson Energy Snapshot
Gibson Energy Snapshot (TSX: GEI) Gibson is a diversified North American energy infrastructure platform underpinned by high quality terminal assets GIBSON ENERGY INVEST OR PRESENT ATION Corporate Leading North American Information Terminals Platform C$4.1B C$6.7B ~6.5% 1 in 4 2nd >25 >85% WCSB Barre
Slide 3: Liquids Infrastructure Focused
Liquids Infrastructure Focused ~70% of Segment Profit from core Terminals and ~80% Infrastructure(1) 13.5 mmbbl Existing Tankage Edmonton Hardisty DRU With 50 kbbl/d Inlet Capacity GIBSON ENERGY INVEST OR PRESENT ATION Hardisty Best-in-Class Connectivity Moose Jaw 8.6 mmbbl Existing Tankage Gateway
Slide 4: Strategically Located Terminal Assets
Strategically Located Terminal Assets Over 25 mmbbl of total terminal capacity at critical North American energy hubs Hardisty Edmonton Gateway GIBSON ENERGY INVEST OR PRESENT ATION 13.5 mmbbl 3.0 mmbbl 8.6 mmbbl ▪ Leading market position in the heart of the ▪ Connected to major egress pipelines ▪ S
Slide 5: Focused Strategy
Focused Strategy Premier liquids infrastructure assets to underpin compelling per share growth over time Leverage Terminals Position Complementary Growth GIBSON ENERGY INVEST OR PRESENT ATION Liquids ▪ ~70% of Segment Profit from Terminals(1) ▪ Target deploying $150-200mm in Infrastructure capital I
Slide 6: Complete Transformation of Business
Complete Transformation of Business Repositioned from diverse mix of business lines to focused energy infrastructure 2014(1) 2017(1) 2022 2023 Pro Forma (2) GIBSON ENERGY INVEST OR PRESENT ATION ~25% Terminals & Pipelines ~55% Terminals & Pipelines ~75% Terminals & Pipelines ~75% Terminals & Pipelin
Slide 7: Segment Profit Growth
Segment Profit Growth Infrastructure has grown significantly and consistently over the past decade Growth (C$mm) in Segment Profit(1,2,3) GIBSON ENERGY INVEST OR PRESENT ATION Existing projects provide line of sight to further Infrastructure growth Gateway Marketing Above Run Rate(2) Marketing Dives
Slide 8: Infrastructure Revenue by Contract Structure
Infrastructure Revenue by Contract Structure Delivered ~20% Infrastructure Revenue CAGR since 2011 driven by Take-or-Pay revenues ▪ Growth in proportion of Take-or-Pay revenues within Infrastructure reflective of capital discipline and adherence to financial governing principles over the past decade
Slide 9: Distributable Cash Flow Growth
Distributable Cash Flow Growth Sustained growth in core Infrastructure driving meaningful DCF per share growth Growth in DCF and DCF/Share (1,2) ▪ Distributable Cash Flow per share has grown at a ~15-20% CAGR since the transformation of the business began in 2017(1,2) GIBSON ENERGY INVEST OR PRESENT
Slide 10: Financial Governing Principles
Financial Governing Principles Gibson maintains a strong pro forma financial position by adhering to existing targets Committed Target Performance GIBSON ENERGY INVEST OR PRESENT ATION Highly Secured >80% of Infrastructure revenues from take-or-pay and high-quality >95% Infrastructure revenue from C
Slide 11: Long-Term Capital Allocation Priorities
Long-Term Capital Allocation Priorities Priority remains to fund the business and then return capital when business is fully-funded ▪ Target payout ratio of 70-80% over the long-term GIBSON ENERGY INVEST OR PRESENT ATION Fund the Business Fund Dividend ▪ Dividend to be fully covered by stable, long-
Slide 12: Hardisty Terminal – Overview
Hardisty Terminal – Overview Future opportunities to grow at Hardisty at an attractive EBITDA build multiple Dominant Land Position COLD LAKE GIBSON ENERGY INVEST OR PRESENT ATION N ▪ Located at the heart of the Hardisty footprint HARDISTY TOP OF ▪ 240 acres of land holdings adjacent to existing tan
Slide 13: Hardisty Terminal – Best-in-Class Connectivity
Hardisty Terminal – Best-in-Class Connectivity Replicating Gibson’s competitive position not possible and is cost prohibitive Superior Connectivity Inbound Pipeline Connections(1) GIBSON ENERGY INVEST OR PRESENT ATION ▪ Flexibility offered by Gibson’s existing best-in-class connectivity provides a (
Slide 14: DRU at Hardisty – Overview
DRU at Hardisty – Overview High-quality infrastructure project leveraging and extending Hardisty position First DRU in WCSB Extension of Hardisty GIBSON ENERGY INVEST OR PRESENT ATION ▪ 50%/50% joint venture between Gibson and USD ▪ Further improves the Gibson’s best-in-class connectivity at Hardist
Slide 15: Permian Production to Drive Future Export Growth
Permian Production to Drive Future Export Growth U.S. Export Macro Favourable for the Re-contracting Strategy Permian Production(1) U.S. Export Demand by Geography(1) U.S. Crude Export Volumes (2) GIBSON ENERGY INVEST OR PRESENT ATION (mmbbl/d) (mmbbl/d) (mmbbl/d) Asia Europe Other Ingleside and Cor
Slide 16: Gateway Terminal – Overview
Gateway Terminal – Overview Premier Asset with Unique Commercial, Operational and Locational Advantages Ingleside Strategically Advantaged vs. Inner Harbor GIBSON ENERGY INVEST OR PRESENT ATION Second largest U.S. crude export terminal by throughput(1) Ingleside Nueces Bay Port Aransas Gateway is cu
Slide 17: Gateway Terminal – Best-In-Class Export Capabilities
Gateway Terminal – Best-In-Class Export Capabilities Storage and Export Operations with VLCC Capabilities– Highly Complementary to Gibson’s Existing Business Key Asset Details GIBSON ENERGY INVEST OR PRESENT ATION ▪ Ingleside, Texas (Port of Corpus Christi) Location ▪ Closest terminal to Corpus Chri
Slide 18: Edmonton Terminal – Overview
Edmonton Terminal – Overview Attractive terminal position, with two new tanks recently placed into service in Q4 2024 ▪ Expansion asset base at Edmonton to meet demand from new TMX shippers ▪ Placed one 435kbbl tank under a long-term take-or-pay with a creditworthy customer into service in Q4 2023 G
Slide 19: Marketing Capabilities
Marketing Capabilities Creates value for customers and drives volumes to Gibson’s Infrastructure assets ▪ Refined Products leases the Moose Jaw Facility from the GIBSON ENERGY INVEST OR PRESENT ATION Refined Products Infrastructure segment, sourcing feedstocks and marketing the refined products that
Slide 20: Sustainability Journey
Sustainability Journey Strong foundation enables impactful and meaningful strides in the future ▪ At Gibson, we embrace our responsibility to shape a better future through sustainable operations and integrating ESG principles more deeply. We track our progress and are energized for the next phase of
Slide 21: Pathway to Net Zero by 2050
Pathway to Net Zero by 2050 Committed to embedding sustainability and ESG in all areas of the business ▪ Gibson is focused on minimizing emissions and energy use while promoting resource conservation and environmental stewardship ▪ Remaining committed to reducing environmental impact by measuring pe
Slide 22: Priority on Health and Safety
Priority on Health and Safety Focus on health and safety is yielding results ▪ Gibson is committed to continually improving its safety performance, enhancing its safety culture and promoting health and wellness ▪ Gibson has a dedicated Board Health and Safety Committee that is responsible for overse
Slide 23: Sustainability Performance
Sustainability Performance Top ESG rankings from third-party providers with continued progress towards targets ESG Ratings Dashboard(1,2) AAA A- MSCI Rating 2023 CDP Score GIBSON ENERGY INVEST OR PRESENT ATION AAA AAA is best ACHIEVED 12th Grade; MSCI AA Target of Racial, Ethnic Minority Out of 215
Slide 24: Appendix
A P PE N D IX 24 GIBSON ENERGY INVEST OR PRESENT ATION
Slide 25: Liquidity and Debt Maturity Profile
Liquidity and Debt Maturity Profile Significant available liquidity and staggered debt maturity profile Maturity Profile GIBSON ENERGY INVEST OR PRESENT ATION (C$mm) Senior $1B $1,000 Sustainability Linked Credit Facility ($45mm Drawn)(1) $800 Senior Unsecured $600 3.60% Notes Senior Senior Senior S
Slide 26: Sustainability Targets
Sustainability Targets ENVIRONMENT 2 02 5 TARG ET 2 03 0 TARG ET OV ER A L L G HG IN T EN SI T Y Reduce our overall greenhouse gas intensity 15% 20% P RO CE S SI N G G H G I N T E N S I T Y T A RG E T Reduce our aggregate greenhouse gas intensity 30% 40% GIBSON ENERGY INVEST OR PRESENT ATION S T OR
Slide 27: Forward-Looking Statement Notice
Forward-Looking Statement Notice Definitions Scope 1 emissions are direct emissions from facilities owned and operated by Gibson; Scope 2 emissions are indirect emissions from the generation of purchased energy for Gibson’s owned and operated facilities; Scope 3 emissions are indirect emissions not
Slide 28: Specified Financial Measures
Specified Financial Measures Specified Financial Measures This presentation contains references to certain non-IFRS fin an cial measures and ratios and indus try measures that are used by the Company, as indicators of financial performance. These measures include; Adjusted EBITDA, Net Debt, Distribu
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