Marathon Petroleum — Corporate Update (April 2018)

5 slides from Marathon Petroleum's corporate update, Apr 2, 2018

Slide 1: Feb. 1 Dropdown Impact to First-Quarter 2018 Outlook
Feb. 1 Dropdown Impact to First-Quarter 2018 Outlook April 2, 2018
Slide 2: Illustrative Impact of Feb. 1 Dropdown
2 ($MM) 1Q 2018 Net Impact Income from operations by segment: Refining & Marketing (167) Midstream 167 Income from operations - Net interest and other financial costs(1) (38) Income tax provision(2) - Net Loss (38) Less: Noncontrolling interests (NCI)(3) 47 Net loss attributable to MPC (85) Impact t
Slide 3: Appendix
3 Appendix
Slide 4: Projected 1Q 2018 Throughput and Direct Operating Costs
4 *Region throughput data includes inter-refinery transfers, but MPC totals exclude transfers **Includes utilities, labor, routine maintenance and other operating costs ***Actuals have been recast in connection with the contribution of certain terminal, pipeline and storage assets to MPLX on March 1
Slide 5: Illustrative Impact to Refining & Marketing Segment
5 Illustrative Impact to Refining & Marketing Segment Fuels Distribution and Refinery Logistics Dropdown “Other” R&M Expenses to include fees paid to MPLX for fuels distribution services and refinery logistics assets; corresponding income to be reflected in Midstream segment “Direct Operating Costs”