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Beaumont LHG Project Review April 2, 2013

Beaumont LHG Project Review April 2, 2013. NASDAQ: MMLP www.martinmidstream.com. Confidential. Confidential. GENERAL PARTNER OVERVIEW .

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Beaumont LHG Project Review April 2, 2013

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  1. Beaumont LHG Project Review April 2, 2013 NASDAQ: MMLP www.martinmidstream.com Confidential

  2. Confidential

  3. 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

  4. Confidential

  5. 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

  6. 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

  7. 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

  8. 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

  9. 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

  10. BEAUMONT LHG PROJECT Confidential

  11. MARTIN STANOLIND TERMINAL LOCATION Martin Stanolind Terminal Confidential

  12. 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

  13. 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

  14. 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

  15. STANOLIND TERMINAL – Tanker Specifications Typical 6,000 m3 Tanker Typical 16,000 m3 Tanker Confidential

  16. STANOLIND TERMINAL – Barge Tow Specifications Typical Three Tank LHG Inland Barge Typical Two Tank LHG Inland Barge Confidential

  17. 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

  18. STANOLIND TERMINAL – Transfer Operation Schematic Confidential

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