Martin Midstream Partners L.p. · NASDAQ:MMLP
Martin Midstream Partners L.p — Q3 2020 Earnings Presentation
5 slides from Martin Midstream Partners L.p's earnings presentation, Oct 21, 2020
Slide 1: Third Quarter 2020 Earnings Summary
Exhibit 99.2 Martin Midstream Partners L.P. Third Quarter 2020 Earnings Summary October 21, 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 3Q 2020 Adjusted EBITDA Comparison & Reconciliation
MMLP 3Q 2020 Adjusted EBITDA Comparison & Reconciliation Terminalling Natural Gas Interest Sulfur Services Transportation SG&A 3Q 2020 & Storage Liquids Expense Net income (loss) $7.0 $5.6 $1.1 $1.8 $(13.4) $(12.9) $(10.8) Interest expense add back -- -- -- -- -- $12.9 $12.9 Loss on exchange of seni
Slide 4: MMLP 3Q 2019 Adjusted EBITDA Reconciliation
MMLP 3Q 2019 Adjusted EBITDA Reconciliation Terminalling Natural Gas Interest Sulfur Services Transportation SG&A 3Q 2019 & Storage Liquids Expense Net income (loss) $5.6 $0.3 $4.4 $19.7 $(4.7) $(12.0) $13.3 Interest expense add back -- -- -- -- -- $12.0 $12.0 Income tax expense -- -- -- -- $0.2 --
Slide 5: 2020E Guidance Update
2020E Guidance Update $ millions 3Q20A YTD 2020A 2020E Adjusted EBITDA $22.5 $77.5 $95 - $107 Expansion Capital Expenditures(1) $2.0 $9.1 $10 - $13 Maintenance Capital $3.0 $8.5 $14 - $16 Expenditures (1) Does not include net expenditures of $0.3mm and $4.3mm, for the three and nine months ended Sep
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