Martin Midstream Partners L.p. · NASDAQ:MMLP
Martin Midstream Partners L.p — Merger or Acquisition (June 2012)
9 slides from Martin Midstream Partners L.p's merger presentation, Jun 19, 2012
Slide 1: Natural Gas Gathering & Processing Divestiture
Exhibit 99.2 Natural June NASDAQ: 19,Gas 2012 MMLP Gathering www.martinmidstream.com & Processing Divestiture
Slide 2: Forward Looking Statements
Disclosure Statements are “forecast,” condition These uncertainties. Because A 2expressly discussion forward-looking forward-looking these disclaims orof “may,” included state of We Forward forward-looking these caution other “believe,” any statements. that factors, Looking statements “forward inten
Slide 3: Non-GAAP Financial Measures
Disclosure This prepared financial MMLP’s 3the profitability presentation in measure management of accordance Non-GAAP and includes calculated ability believes with Financial certain toaccounting and service that presented non-GAAP these Measures its principles debt, non-GAAP in accordance financial
Slide 4: Martin Midstream Overview
Martin •OVERVIEW *As Terminalling Listed: October Natural Sulfur Marine MMLP Unit Market Distribution: Current Units ofPrice: June Midstream Outstanding: Services NASDAQ:MMLP Transportation Cap: Trading is Gas Yield: 31, a18, $30.58 publically 2002 Services $707 $0.7625 &2012 10.0% Storage Summary P
Slide 5: Transaction Overview
Transaction MMLP commodities assets 5Purchase located is Price: hassimplifying executed Overview in$275,000,000, East aTexas its definitive business andallNorthwest Purchase cash mix. consideration– We &will Louisiana Sale continue Agreement subject to have (PSA) to certain fourwith distinct due cer
Slide 6: Transaction Overview (continued)
Transaction Deal An Interstate •Approvals 6Closing The Our Purchase Sale asset Structure: MMLP Woodlawn 50% McLeod, East remains ispurchase Pipeline anticipated Texas Necessary: EXCLUDES interest Overview Board subject Hallsville condensate gas of Energy, inof processing the Waskom to to (continued)
Slide 7: Diversified Pro-Forma Operating Adjusted EBITDA Mix
MartinServices DIVERSIFIED Terminalling Natural 2012E Sulfur Marine (1) 46% 15% 14% 33% PRO-FORMA Midstream Transportation Gas Adjusted Services & OPERATING Storage EBITDA Partners ADJUSTED L.P. before MIXunallocated EBITDA – MIX SG&A (1)
Slide 8: Potential Uses of Proceeds
Potential In MMLP within To 8While assets the date, short there calendar continually approximately Uses run, is no of2012 the the certainty pursues full Proceeds— $200-$300 amount with strategic respect ofMMLP’s million theacquisitions. proceeds to the of organic acquisitions, received Several growt
Slide 9: Martin Midstream Partners
() MARTIN MIDSTREAM PAREN ERS
Martin Midstream Partners — Merger or Acquisition (June 2012) on 6ix