QR Energy LP — Merger or Acquisition (March 2014)
7 slides from QR Energy LP's merger presentation, Mar 3, 2014
Slide 1: General Partner Buy-out Presentation
Exhibit 99.3 QR Energy, LP General Partner Buy-out Presentation March 2014
Slide 2: Disclosures
Disclosures This presentation contains forward-looking statements relating to QR Energy’s operations that are based on management’s current expectations, estimates and projections about its operations. Words and phrases such as “expect,” “estimates,” “guidance,” “opportunities,” “potential,” “may,”
Slide 3: Transaction Summary
Transaction Summary The board of directors of QR Energy, L.P. (“QRE”) has simplified its capital structure by purchasing QRE GP, LLC (“GP”) in a 100% conditional unit exchange Terms of the transaction were approved by the conflicts committee and the board of directors The transaction is expected to
Slide 4: Transaction Benefits
Transaction Benefits Lowers cost of capital by removing MIF Eliminates MIF payments related to future acquisitions Lower Cost of Capital Deferred payment enhances competitiveness for acquisitions 100% equity transaction, earned over time, maintains balance sheet flexibility and liquidity Simplified
Slide 5: Pre-Transaction Structure
Pre-Transaction Structure Management and Affiliates of Quantum Member Energy Partners Interest Quantum Resources The Fund Management, LLC Preferred Units QRE GP, LLC General Partner Units Limited Services Management Incentive Fee Partner Interest Agreement 0.1% General Partner Interest Public Unitho
Slide 6: Post-Transaction Structure
Post-Transaction Structure Management and Affiliates of Quantum Member Energy Partners Interest Quantum Resources The Fund Management, LLC Limited Preferred Units Partner Interest Limited Partner Interest Services QR Energy, LP Agreement (NYSE: QRE) Limited Partner Public Unitholders Interest Common
Slide 7: Investor Relations
QR Energy, LP Investor Relations Josh Wannarka (713) 452-2990 or ir@qracq.com