Martin Midstream Partners L.p. · NASDAQ:MMLP
Martin Midstream Partners L.p — FY2023 Earnings Presentation
7 slides from Martin Midstream Partners L.p's earnings presentation, Feb 14, 2024
Slide 1: Fourth Quarter and Full Year 2023 Earnings Summary and 2024 Financial Guidance
February 14, 2024 Fourth Quarter and Full Year 2023 Earnings Summary and 2024 Financial Guidance MARTIN MIDSTREAM PARTNERS Exhibit 99.2
Slide 2: MMLP 4Q 2023 Adjusted EBITDA Comparison & Reconciliation
Page 2 (in millions) Transportation Terminalling & Storage Sulfur Services Specialty Products SG&A Interest Expense 4Q 2023 Actual Net income (loss) $8.6 $3.9 $4.8 $4.0 $(6.4) $(14.4) $0.5 Interest expense add back -- -- -- -- -- $14.4 $14.4 Income tax expense -- -- -- -- $2.3 -- $2.3 Operating Inco
Slide 3: MMLP Full-Year 2023 Adjusted EBITDA Comparison
Page 3 MMLP Full-Year 2023 Adjusted EBITDA Comparison (in millions) Specialty Products 2023E 1Q23A 2Q23A 3Q23A 4Q23A 2023A Lubricants $10.2 $2.3 $2.4 $3.6 $1.7 $10.0 Grease $9.1 $2.3 $2.2 $2.8 $2.1 $9.4 Propane $2.4 $0.8 $0.3 $0.3 $0.7 $2.1 Natural Gasoline $1.2 $(0.1) $1.0 $0.1 $0.3 $1.3 Sub-Total
Slide 4: 2023 Adjusted EBITDA Reconciliation
Page 4 (in millions) Transportation Terminalling & Storage Sulfur Services Specialty Products SG&A Interest Expense 2023 Actual Net income (loss) $33.7 $14.5 $17.4 $17.1 $(27.0) $(60.3) $(4.5) Interest expense add back -- -- -- -- -- $60.3 $60.3 Income tax expense -- -- -- -- $5.9 -- $5.9 Loss on ex
Slide 5: MMLP 2024E EBITDA Guidance
Page 5 MMLP 2024E EBITDA Guidance (in millions) Note: numbers may not add due to rounding *Pre-Unallocated SG&A Terminalling & Storage 1Q24E 2Q24E 3Q24E 4Q24E 2024E Smackover Refinery $4.7 $4.4 $4.5 $4.5 $18.0 Fixed-Fee Specialty Terminals $3.0 $3.1 $3.2 $3.0 $12.3 Fixed-Fee Shore-Based Terminals $1
Slide 6: Disclaimers
Disclaimers Page 6 Use of Non-GAAP Financial Measures Forward Looking Statements This presentation includes certain non-GAAP financial measures such as EBITDA, Adjusted EBITDA, Distributable Cash Flow and Adjusted Free Cash Flow. These non-GAAP financial measures are not meant to be considered in is
Slide 7: Martin Midstream Partners contact details
Martin Midstream Partners 4200 B Stone Road Kilgore, Texas 75662 903.983.6200 www.MMLP.com
Martin Midstream Partners — FY2023 Earnings Presentation on 6ix