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Discover the leading independent provider of integrated logistics solutions based in Kilgore, TX. Martin Resource Management Company offers storage, manufacturing, marketing, and distribution services to energy and industrial concerns. With approximately 2,600 employees and operations generating revenue over $2.0B, explore the detailed overview of Martin Midstream Partners L.P. (MMLP) and its diversified business segments, including terminalling & storage, natural gas services, sulfur services, and marine transportation. Gain insights into MMLP's market performance, partnerships, operating footprint, high-quality customer base, and segment overviews like Marine Transportation. Unveil the lucrative Beaumont LHG Project and Stanolind Terminal's navigation, proposed operations, tanker specifications, barge tow specifications, and operational overview.
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Beaumont LHG Project Review April 2, 2013 NASDAQ: MMLP www.martinmidstream.com Confidential
GENERAL PARTNER OVERVIEW • Based in Kilgore, TX, Martin Resource Management Company (“MRMC”) is a leading independent provider of integrated logistics solutions, storage, manufacturing, marketing and distribution services to energy, petrochemical and other industrial concerns • Approximately 2,600 employees • In addition to owning the general partner of MMLP, MRMC operating entities represent revenue in excess of $2.0B • Approximately 70% employee owned Confidential
MARTIN MIDSTREAM PARTNERS L.P. (MMLP) OVERVIEW • NASDAQ Listed: MMLP • Formed October 31, 2002 • MMLP is a publicly traded, diversified master limited partnership with operations including: • Terminalling & Storage • Natural Gas Services • Sulfur Services • Marine Transportation • MMLP Trading Summary (1) • Unit Price: $38.41 • Units Outstanding 26.6 million • Market Cap: $1.02 billion • Quarterly Distribution: $0.77 • Current Yield: 8.2% • (1) As of March 28, 2013 Confidential
PARTNERSHIP SNAPSHOT ~39% ~34% ~13% Leading Midstream Company With Four Diversified Business Segments Natural Gas Services Terminalling & Storage Sulfur Services Marine Transportation ~14% (NASDAQ: MMLP) Formed on October 31, 2002 Market Capitalization:$1.02 Billion Pro Forma FYE 2012 Adjusted EBITDA: $137.4 Million Note: Percentages above represent approximate 2012 EBITDA contribution, and market capitalization as of market close on March 18, 2013 Confidential
ATTRACTIVE OPERATING FOOTPRINT • Strategic operations across 48 locations in 10 states primarily in the Gulf Coast Region • Favorable proximity to major refining regions of the U.S. • Coast-to-coast integrated sulfur infrastructure, including access to export markets • Marine service terminals providing broad geographic coverage and distribution capabilities Confidential
HIGH QUALITY CUSTOMER BASE • Integrated yet complementary business segments, scale and brand recognition make MMLP a premier supplier of products and services • Customers include major oil and gas companies, independent refiners, larger chemical companies and fertilizer manufacturers • Long-term relationships provide stable revenue and cash flow generation with typical 1-5 year contracts Confidential
SEGMENT OVERVIEW – MARINE TRANSPORTATION • MMLP’s Marine Transportation segment includes the following key assets • 60 inland marine tank barges • 25 inland push-boats • 5 offshore tug barge units • Market Drivers • Equipment Supply vs. Demand • Economic Activity • Refinery Utilization & Crack Spreads • Equipment Retirement vs. New • Floating Storage • Contract mix reflects • Major Oil Companies • International Trading Companies • Martin Family of Companies
BEAUMONT LHG PROJECT Confidential
MARTIN STANOLIND TERMINAL LOCATION Martin Stanolind Terminal Confidential
STANOLIND TERMINAL – General Information • Location - 30° 2'14.36"N 94° 2'49.20”W • Distance from Waterway Jetties 33.4 nm • Distance from ICWW West 22 nm • Distance from ICWW East 11.5 nm • Terminal - 645 foot Pier • Current Cargoes Handled • Molten Sulfur • Oil/Petroleum – #6FO/Asphalt/Crude Oil • Sulfuric Acid • Current Types of Vessels • Chemical Tankers • Tow and Barge (Inland) • Tow and Barge (Oceans) Confidential
STANOLIND TERMINAL - Navigation • Current Traffic Density on Monthly Basis • 20 Tow and Barge (Inland) • 3 – 4 Tow and Barge (Ocean) • 2 Panamax Chemical Tankers • Current Navigational Restrictions • Maximum beam of 106 feet • Maximum length of 625 feet • Maximum draft of 31 feet Confidential
STANOLIND TERMINAL – Proposed Operations • Future Cargoes - 33 CFR 127 Facility • Liquefied Hazardous Gases – Propane and Butane • Natural gasoline • Future Types of Vessels • Tow and Barge (Inland) 15,000 bblcapacity Type II LHG • Semi-Refrigerated LHG Tanker 6,000 to 16,000 m3capacity • Navigational Restrictions • None; all tankers within limits placed by Pilots Confidential
STANOLIND TERMINAL – Tanker Specifications Typical 6,000 m3 Tanker Typical 16,000 m3 Tanker Confidential
STANOLIND TERMINAL – Barge Tow Specifications Typical Three Tank LHG Inland Barge Typical Two Tank LHG Inland Barge Confidential
STANOLIND TERMINAL – Operational Overview • Transfer Operations • Direct (Across Pier) transfer to tanker; closed loop • Cargo carried at Saturated Vapor Pressure and Ambient Temperatures • One barge Discharge; Transfer Rate @500 bbl/hr • Transits – Ports of Call • LHG Tanker – Arrive empty/load for Foreign Ports; Sabine Neches Waterway • Barges – Three Barge Tow; arrive via ICWW loaded and depart empty • 3 – 5 transits of Sabine Neches Waterway per month by Tanker • 5 – 6 transits of ICWW and Sabine Neches Waterway per month by Tow • Stanolind Infrastructure • No shore side storage tanks; transfer augmentation equipment (compressor etc.) • Simple cross pier transfer operation Confidential
STANOLIND TERMINAL – Transfer Operation Schematic Confidential