INVESTOR AND ANALYST DAY APRIL 2013 Bob Espey, President & CEO and Mike Lambert, Sr. VP and CFO
|
|
- Lucas Hill
- 5 years ago
- Views:
Transcription
1 INVESTOR AND ANALYST DAY APRIL 2013 Bob Espey, President & CEO and Mike Lambert, Sr. VP and CFO Investor Relations ext. 6722
2 Forward Looking Statements Certain information included herein is forward-looking. Forward-looking statements include, without limitation, statements regarding the future financial position, business strategy, budgets, projected costs, capital expenditures, financial results, taxes and plans and objectives of or involving Parkland Fuel Corporation ( Parkland or the Corporation ). Many of these statements can be identified by looking for words such as believe, expects, expected, will, intends, projects, anticipates, estimates, continues, or similar words. Parkland believes the expectations reflected in such forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. Forwardlooking statements are not guarantees of future performance and involve a number of risks and uncertainties some of which are described in the Corporation s interim reports, annual information form and other continuous disclosure documents. Such forward-looking statements necessarily involve known and unknown risks and uncertainties and other factors, which may cause the Corporation s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general economic, market and business conditions; industry capacity; competitive action by other companies; refining and marketing margins; the ability of suppliers to meet commitments; actions by governmental authorities including increases in taxes; changes in environmental and other regulations; and other factors, many of which are beyond the control of Parkland. Any forward-looking statements are made as of the date hereof and Parkland does not undertake any obligation, except as required under applicable law, to publicly update or revise such statements to reflect new information, subsequent or otherwise. 2
3 Canada s largest independent fuel distributor and marketer Offering investors yield and growth A defensive investment with a sustainable dividend 3
4 Parkland s Fuel Marketing Value Chain Refiners Margins Terminals and Storage Transportation Wholesale Margins Commercial Margins Retail Margins Marketing Channel Fuel Volume (TTM) Commercial Fuels 1.5 billion litres Retail Fuels 1.8 billion litres Wholesale, Supply and Distribution 0.9 billion litres Multiple Supply Contracts 40 Bulk plants & Bowden terminal 1,240* Railcars and third party trucking 100 Wholesale customers 119 Commercial Locations 718 Retail Stations Total Sales: 4.2 billion litres PARKLAND CUSTOMERS THIRD PARTIES * includes 1200 cars from ERM includes 6 Lube Distribution Centres 4
5 Investor Event Overview» Review Parkland Penny Plan» Penny Plan Update: 1. Grow 2. Supply 3. Operate New Acquisitions Review of organic growth Innovation Progress on the three levers Acquired capabilities Strategic infrastructure Business simplification Safety Give me five!» forecast 5
6 Parkland Penny Plan 6
7 5 Year Growth Strategy 1.Grow ⅓ of 1 cent through economies of scale 2.Supply ⅓ of 1 cent through supply advantage 3.Operate ⅓ of 1 cent through efficient operations The Penny Plan was introduced in May 2012 at Parkland s Analyst Day 7
8 Target: Double EBITDA $300 EBITDA millions of dollars $200 $151M 2011 Actual $100 $ Actual 2011 Normalized 2016» From a normalized EBITDA base of $125 million» EBITDA normalized for 2014 conditions by removing the impacts of one-time costs, and removing contribution of unusual refiners margins 8
9 Target: Double EBITDA $300 EBITDA millions of dollars $200 $151M $125M 2011 Normalized $ Actual $ Actual 2011 Normalized 2016» From a normalized EBITDA base of $125 million» EBITDA normalized for 2014 conditions by removing the impacts of one-time costs, and removing contribution of unusual refiners margins 9
10 Target: Double EBITDA $300 EBITDA millions of dollars $250M $200 $55 Acquisitions $100 $151M $125M $70 Penny Plan 2011 Normalized 2011 Actual $ Actual 2011 Normalized 2016» From a normalized EBITDA base of $125 million» EBITDA normalized for 2014 conditions by removing the impacts of one-time costs, and removing contribution of unusual refiners margins 10
11 Operate Supply Grow Parkland Penny Plan Scorecard Commitment Acquisitions 2016 Target Since Launch 2011 Score 2,500 ML 620 ML 425 ML $55 M $27 M $4 M Organic 500 ML (29.7 ML) 224 ML x Supply Margins 100% of Normalized profit plus 1/3 cent On track - Strategic Product Storage 140 ML 5 ML Operating Costs 3.60 cpl 3.61 cpl 3.93 cpl* Administration Costs 1.59 cpl 1.87 cpl 1.92 cpl* x Total Recordable Injury Frequency < * Normalized for Cango and one-time costs 11
12 Parkland Penny Plan Grow 12
13 Acquire 2.5 Billion Litres by 2016 Organic Acquisitions Independents Major Oil Assets Volume Volume EBITDA Target 100 ML / year Target 500 ML / year $11 M / year Progress (30 ML) Progress 620 ML $27 M More than 7 billion litres in play over the next five years 13
14 Acquisitions Acquisition: Date EBITDA ($ millions) Contribution Area Elbow River Marketing Feb Supply Sparling s Propane Apr Grow TransMontaigne May 2* 1.5 Grow/ Supply Total 27 * Expected close 14
15 Sparling s Propane 7 % Annual growth rate of propane consumption in Ontario 15
16 Sparling s Propane 120 Million Litres Opportunity to scale propane business across a national growth platform Employees: 131 Commercial Locations: Million Litres EBITDA: $5.5 million Employees: 1,177 Commercial Locations:
17 Heating Fuel Opportunities A tale of two regions Maritimes Product CAGR Propane (1%) Heating Oil 2% Ontario Product CAGR Propane 7% Heating Oil (7%) 3,000 2,500 2,000 1,500 1, ,000 2,500 2,000 1,500 1, Propane - Maritimes Heating Oil - Maritimes Propane - Ontario Heating Oil - Ontario Source: Statistics Canada - CANSIM table and CANSIM table
18 Financial Capacity For Growth Net Debt : EBITDA (Refer to Non-GAAP Measures in MD&A) Debt* : Equity (* Includes convertible debentures) Pay-out Ratio (Refer to Non-GAAP Measures in MD&A) % % Parkland will not overpay for assets 18
19 Fas Gas Plus Store Refresh Program Before: After: Refresh program drives growth in same store sales 19
20 Liquid Natural Gas ( LNG ) Opportunity (Threat) Response» Possible substitute for diesel in commercial applications» LNG offers both economic and environmental benefits» Agreement with Shell to distribute LNG for stationary applications to commercial and industrial customers in Alberta & Northeast British Columbia beginning in
21 In-Fleet Refueling» Direct delivery to equipment» Technology to allow:» Online access to fuel reports» Billing information to individual pieces of equipment 21
22 Parkland Penny Plan Supply 22
23 Suncor Contract» Source of refiners margins» History of volatility» Expires December 31, Gasoline Margins cents per litre J F M A M J J A S O N D yr max 5 yr min Diesel Margins cents per litre J F M A M J J A S O N D yr max 5 yr min Volume exists in Western Canada to replace the contract 23
24 Improving Supply Costs Driving Sustainable Profits for Supply Cost Improvements for 2014* millions of dollars Reference Year E 2014E *Improvements in supply costs impact EBITDA in multiple business units 24
25 Elbow River Marketing 30 Years Commodity by rail experience Rail and logistics capability 25
26 Elbow River Marketing Elbow River s skills and assets compliment Parkland s capabilities TTM Q EBITDA $20 M Employees: 34 Railcars 1,200 Terminal Storage (ML) EBITDA $199 M Employees: 1,179 Railcars 40 Terminal Storage (ML) 35» 1,200 rail car fleet and logistics expertise» Leveraging storage positions» Ethanol, Biofuel & propane» Canada - US export capacity Propane / Butane Storage 26
27 Elbow River Business Model Diversification» Portfolio of commodities» Counterparty mix» Rail fleet flexibility» Rail car lease ladder Product Mix by Percent of Sales 4% Crude Oil 32% 7% 6% Butane 30% Natural Gasoline 16% 5% Butane Natural Gasoline Refined Products Propane Fuel Oil Asphalt Crude Oil Marketing and logistics model is risk managed:» Conservative risk management practices» Conservative approach to fleet expansion Buy Secure supply from producer Marketing Model Risk Mitigation Margin risk managed Sell Secure sale contract with customer 27
28 TransMontaigne Wholesale Volumes Added in Quebec and Ontario Wholesale Volumes: >500 ML EBITDA: Access to storage in Quebec City & Montreal $1.5 MM 28
29 TransMontaigne Wholesale Volumes Added in Quebec and Ontario >500 Million Litres New supply agreement provides growth platform for Quebec 930 Million Litres Access to Eastern Canada terminal assets Expected to close May 2,
30 Strategic Supply Infrastructure Time line: Q Q Q2 Description Parkland s initial supply infrastructure including:» Bulk plants in Whitehorse, Fort Nelson, and Grande Prairie» Limited rail infrastructure Transportation & Storage Infrastructure Fuel Products Storage Propane / Butane Storage Storage Capacity (millions of litres) 140 ML 30
31 Strategic Supply Infrastructure Time line: Q Q Q2 Description Bowden becomes operational:» First major terminal» 30 ML of static storage capacity» 300 ML annual throughput capacity Transportation & Storage Infrastructure Fuel Products Storage Propane / Butane Storage Storage Capacity (millions of litres) 140 ML 31
32 Strategic Supply Infrastructure Time line: Q Q Q2 Description Elbow River Acquisition:» Rail & Logistics for North America» 60 ML of storage capacity Transportation & Storage Infrastructure Fuel Products Storage Propane / Butane Storage Storage Capacity (millions of litres) 140 ML 32
33 Strategic Supply Infrastructure Time line: Q Q Q2 Description Acquisition of TransMontaigne:» Storage capacity in Montreal and Quebec City Transportation & Storage Infrastructure Fuel Products Storage Propane / Butane Storage Storage Capacity (millions of litres) 140 ML 33
34 Supply/Demand Views Drive Supply Strategy Western Canada Gasoline becoming long as FCL production comes fully on-line Domestic Demand Outlook Domestic Supply Ontario and Quebec Gasoline short ~ 60 KB/D in the foreseeable future Domestic Demand Outlook Domestic Supply Actual Forecast Actual Forecast Diesel balanced to slightly long through 2015 Diesel essentially balanced Domestic Demand Outlook Domestic Supply Domestic Demand Outlook Domestic Supply Actual Forecast Actual Forecast Source: Statistics Canada , (2012 prorated as of October), kbpd 34
35 Parkland Penny Plan Operate 35
36 Simplifying the Business Commercial» 13 branches consolidated» Non-core assets divested» Extension of ERP» Full truck technology launch» Drives efficiency & service Retail» E-loyalty launched» 85,000 swipes in first week» Retailer model continues to show benefit 36
37 Focus on Safety Total Recordable Injury Frequency: (per 100 full time equivalent employees per year) Lost Time Injury Frequency: (per 100 full time equivalent employees per year) ( TRIF ) ( LTIF ) TRIF LTIF 0.00 Q1 Q2 Q3 Q4 Q
38 Give me five! 5%» 5% cost reduction ($10 M) targeted» $11 million budgeted Phase Objective Complete 1 Opportunity ID Q E-procurement Q Full Savings Budgeted for 2013 Q
39 Grow Supply Operate When it all comes together Acquisitions: Parkland Elbow River Sparling s Brand Propane Volume Transportation & Propane Storage Infrastructure 151 ML Total Volume: 151 ML 39
40 Grow Supply Operate When it all comes together Acquisitions: Parkland Elbow River Sparling s Brand Propane Volume 151 ML Transportation & Propane Storage Infrastructure Propane / Butane 200 ML Total Volume: 351 ML 40
41 Grow Supply Operate When it all comes together Acquisitions: Parkland Elbow River Sparling s Brand Propane Volume 151 ML Transportation & Propane Storage Infrastructure Propane / Butane 200 ML 117 ML Total Volume: 468 ML 41
42 The Forecast 42
43 EBITDA Progress What we have accomplished in one year $300 EBITDA Growth Forecast millions of dollars $200 $125 Goal $100 $125 $125 Base $
44 EBITDA Progress What we have accomplished in one year $300 EBITDA Growth Forecast millions of dollars $200 $80 Goal Since last year $45 Achieved $100 $125 $125 Base $
45 EBITDA Progress Acquisitions:» Elbow River Marketing $20 MM» TransMontaigne $1.5MM» Sparling s Propane $5.5MM $27 MM Synergies:» Elbow River Marketing $3 MM» TransMontaigne $2 MM» Sparling s Propane $2 MM $7 MM Identified Efficiencies» Give me five! $11 MM $11 MM 45
46 Our progress so far Base Business Today Acquisitions: $27M
47 Low Case Low Case Stress: ($20M) EBITDA Acquisitions: Slow down
48 Forecast Expected Stress: ($10M) EBITDA Acquisitions: $12M/yr
49 High Case High Case Stress: None Acquisitions: $15M/yr
50 Key Model Assumptions Growth Cap Ex* $35 $35 $35 Maintenance Cap Ex $27 $30 $34 Total Cap Ex $62 $65 $69 Net Total Debt as % of Capital Employed Organic Growth Rate Financing Dividends Mix 38% 40% 41% 2 4 % including small tuck-ins Primarily debt Modest increases over period Remains the same as current base business *Does not include acquisitions 50
51 Key Model Output Metrics EBITDA per share Distributable cash flow per share Dividend to distributable cash flow payout ratio 69% 66% 63% ROCE 15% 15.75% 16.5% Net Debt:EBITDA
52 5 Year Growth Strategy 1.Grow ⅓ of 1 cent through economies of scale 2.Supply ⅓ of 1 cent through supply advantage 3.Operate ⅓ of 1 cent through efficient operations The Penny Plan was introduced in May 2012 at Parkland s Analyst Day 52
53 Great progress on the Parkland Penny Plan to date Secure future with stable dividends Strong prospects in the pipe 53
54 Investor Information Services Parkland provides a number of services for investors including:» news alerts» Monthly Business Driver newsletter (A monthly publication that aggregates publicly available data about what drives our results.) To subscribe to investor services: Investor dashboard: For investor inquiries please contact Tom McMillan, Director of Corporate Communications at tom.mcmillan@parkland.ca or ext
INVESTOR PRESENTATION
INVESTOR PRESENTATION October 2014 RETAIL GAS RESIDENTIAL HEATING BULK FUELS LUBRICANTS Investor Relations tom.mcmillan@parkland.ca 800-662-7177 ext. 2533 FORWARD LOOKING STATEMENTS Certain information
More informationReport to Shareholders
Year ended 2015 Report to Shareholders Management s Discussion and Analysis Q4 2015 Table of Contents 1. Financial and operating summary...3 2. Segment results... 10 3. Quarterly financial data... 22 4.
More informationCIBC Annual Whistler Institutional Investor Conference January 25-28, 2017 Whistler, BC. parkland.ca
CIBC Annual Whistler Institutional Investor Conference January 25-28, 2017 Whistler, BC parkland.ca FORWARD LOOKING STATEMENT DISCLAIMER & NOTE ON NON-GAAP MEASURES 2 Certain information included herein
More informationReport to Shareholders
Three months ended March 31, 2016 Report to Shareholders Management s Discussion and Analysis Q1 2016 Table of Contents 1. Financial and operating summary... 3 2. Segment results... 7 3. Quarterly financial
More informationPARKLAND S STRATEGY AND GROWTH
PARKLAND S STRATEGY AND GROWTH TD Securities Energy Conference Parkland.ca January 11, 2016 1 FORWARD LOOKING STATEMENT DISCLAIMER Certain information included herein is forward-looking. Many of these
More informationBMO 2017 High Yield Conference Toronto October 5, parkland.ca
BMO 2017 High Yield Conference Toronto October 5, 2017 parkland.ca FORWARD LOOKING STATEMENT DISCLAIMER & NOTE ON NON GAAP MEASURES Certain information included herein is forward-looking. Many of these
More informationPARKLAND TO ACQUIRE NEUFELD PETROLEUM AND PROPANE BUSINESS FOR $135 MILLION
PARKLAND TO ACQUIRE NEUFELD PETROLEUM AND PROPANE BUSINESS FOR $135 MILLION - Expands business through acquisition of leading commercial fuel and propane supplier in Western Canada - Highly complementary
More informationInvestor Presentation Montreal/Toronto November 29-30th, parkland.ca
Investor Presentation Montreal/Toronto November 29-30th, 2017 parkland.ca FORWARD LOOKING STATEMENT DISCLAIMER & NOTE ON NON GAAP MEASURES Certain information included herein is forward-looking. Many of
More informationParkland Fuel Corporation to Acquire 75% of SOL, the Largest Independent Fuel Marketer in the Caribbean
Parkland Fuel Corporation to Acquire 75% of SOL, the Largest Independent Fuel Marketer in the Caribbean 12 Transformational Business Combination Establishes Strong International Growth Platform; SOL s
More informationTransMontaigne Partners L.P. (NYSE TLP) Wells Fargo th Annual Energy Symposium December 10 th, 2013
TransMontaigne Partners L.P. (NYSE TLP) Wells Fargo 2013 12 th Annual Energy Symposium December 10 th, 2013 Forward Looking Statements All statements, other than statements of historical facts, contained
More informationInvestor Presentation November 2018
Investor Presentation November 2018 1 Forward Looking Statement Disclaimer & Note on Non-GAAP Measures Certain information included herein is forward-looking. Many of these forward looking statements can
More informationTransMontaigne Partners L.P. (NYSE TLP) Wells Fargo Energy Symposium December 9 th and 10 th, 2014
TransMontaigne Partners L.P. (NYSE TLP) Wells Fargo Energy Symposium December 9 th and 10 th, 2014 Forward Looking Statements All statements, other than statements of historical facts, contained herein
More informationBMO High Yield Conference
Superior Plus Corp. TSX: SPB BMO High Yield Conference June 13, 2018 Forward Looking Statements and Information This presentation is for information purposes only and is not intended to, and should not
More informationSuperior Plus Corp. Announces Strong 2017 First Quarter Results
TSX: SPB May 2, 2017 Superior Plus Corp. Announces Strong 2017 First Quarter Results Superior Plus Corp. ( Superior ) (TSX:SPB) announced today the financial and operating results for the three months
More informationSuperior Plus Corp. TSX: SPB. Investor Update. November 2018
Superior Plus Corp. TSX: SPB Investor Update November 2018 Forward Looking Statements and Information This presentation is for information purposes only and is not intended to, and should not be construed
More informationLuis Henrique. Guimarães CEO
Luis Henrique Guimarães CEO Disclaimer This presentation contains estimates and forward-looking statements regarding our strategy and opportunities for future growth. Such information is mainly based on
More informationSuperior Plus Corp. Investor Update September 2017 TSX: SPB
Superior Plus Corp. Investor Update September 2017 TSX: SPB This presentation is for information purposes only and is not intended to, and should not be construed to constitute, an offer to sell or the
More informationMANAGEMENT S DISCUSSION AND ANALYSIS For the Year ended September 30, 2017 Dated: December 28, 2017
MANAGEMENT S DISCUSSION AND ANALYSIS For the Year ended, 2017 Dated: December 28, 2017 MANAGEMENT S DISCUSSION & ANALYSIS This Management s Discussion and Analysis ( MD&A ) presents management s view of
More informationSuperior Plus Corp. Announces 2017 Second Quarter Results
TSX: SPB August 9, 2017 Superior Plus Corp. Announces 2017 Second Quarter Results Superior Plus Corp. ( Superior ) (TSX:SPB) announced today the financial and operating results for the three months ended
More informationMonthly distributions will continue at the rate of fifteen cents ($0.15) per trust unit.
Parkland Income Fund For the six months ended June 30, 2005 second quarter report president s message Parkland s business performance in the second quarter 2005 met expectations. The Fund achieved record
More informationConsolidated Operating and Financial Highlights Three Months Ended September 30 Nine Months Ended September
Parkland Income Fund For the nine months ended September 30, 2005 third quarter report president s message Parkland s business performance for the third quarter of 2005 was strong with record volumes for
More informationINVESTOR PRESENTATION. January, 2019
INVESTOR PRESENTATION January, 2019 Forward Looking Information Certain statements contained in this presentation constitute forward-looking statements or forward-looking information (collectively, forward-looking
More informationSuperior Plus Corp. Announces Strong 2017 Annual and Fourth Quarter Results
TSX: SPB February 14, 2018 Superior Plus Corp. Announces Strong 2017 Annual and Fourth Quarter Results Superior Plus Corp. ( Superior ) (TSX:SPB) announced today the financial and operating results for
More informationTwo Business Lines. One Vision for Growth Annual Report
Two Business Lines. One Vision for Growth. 2017 Annual Report Financial Results (millions of dollars) (1) 2017 2016 Revenues 2,385.0 2,023.7 Gross profit 735.4 656.4 EBITDA from operations (1) 306.8 276.5
More informationJP Morgan Global High Yield & Leveraged Finance Conference
Superior Plus Corp. TSX: SPB JP Morgan Global High Yield & Leveraged Finance Conference February 26, 2019 Beth Summers Executive Vice President and Chief Financial Officer Forward Looking Statements and
More informationInter-Provincial Exports
ECONOMIC COMMENTARY Inter-Provincial Exports Highlights: Although the Alberta economy is heavily dependent on international exports Alberta s exports of goods and services to the other provinces and territories
More informationQ Investor Presentation. Global Partners LP (NYSE: GLP)
Q4 2018 Investor Presentation Global Partners LP (NYSE: GLP) Forward-Looking Statements Certain statements and information in this presentation may constitute forward-looking statements. The words believe,
More informationVASCO DIAS LUIS HENRIQUE GUIMARÃES
COSAN DAY 2016 DISCLAIMER This presentation contains estimates and forward-looking statements regarding our strategy and opportunities for future growth. Such information is mainly based on our current
More informationWells Fargo Pipeline, MLP and Utility Symposium December 2017
Wells Fargo Pipeline, MLP and Utility Symposium December 2017 About This Presentation This presentation contains certain forward-looking statements that management believes to be reasonable as of today
More informationMIC. Overview of the IMTT Segment. December
MIC Overview of the IMTT Segment December 2017 1 1. The contents of this presentation reflect financial and operating information through the period ended September 30, 2017, as reported on the Company
More informationTidewater Midstream and Infrastructure Ltd. announces fourth quarter 2018 results and operational update and earnings call
Tidewater Midstream and Infrastructure Ltd. announces fourth quarter 2018 results and operational update and earnings call CALGARY, March 14, 2019 /CNW/ - Tidewater Midstream and Infrastructure Ltd. ("Tidewater"
More informationenergy partners lp Investor Update June 2018
energy partners lp Investor Update June 2018 Disclaimers This presentation contains forward-looking statements made by Valero Energy Corporation ( VLO or Valero ) and Valero Energy Partners LP ( VLP or
More informationAlberta s Imports from the other Provinces and Territories
ECONOMIC COMMENTARY Alberta s Imports from the other Provinces and Territories Highlights: Although Alberta is known to be a major exporter of goods and services to international and Canadian markets,
More informationPBF Logistics LP (NYSE: PBFX)
PBF Logistics LP (NYSE: PBFX) Master Limited Partnership Association 2016 Investor Conference June 2016 Safe Harbor Statements This presentation contains forward-looking statements made by PBF Logistics
More informationSuperior Plus Corp. Announces 2018 Second Quarter Results and Increases 2018 Adjusted EBITDA Guidance
TSX: SPB August 8, 2018 Superior Plus Corp. Announces 2018 Second Quarter Results and Increases 2018 Adjusted EBITDA Guidance Superior Plus Corp. ( Superior ) (TSX:SPB) announced today the financial and
More informationJerry Sheridan. October 17,
Jerry Sheridan October 17, 2012 1 History of AmeriGas Started in 1959 165 acquisitions since 1982 Cal Gas acquisition in 1987 Petrolane acquisition in 1993 IPO as an MLP in 1995 Columbia acquisition in
More informationFOURTH QUARTER REPORT TO SHAREHOLDERS FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2012
FOURTH QUARTER REPORT TO SHAREHOLDERS FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2012 W A J A X C O R P O R A T I O N 2012 WAJAX CORPORATION News Release WAJAX ANNOUNCES 2012 FOURTH QUARTER EARNINGS TSX
More informationTransMontaigne Announces First Quarter Results and Expansion
TransMontaigne Announces First Quarter Results and Expansion TransMontaigne will expand its Brownsville, Texas operations, supported by the execution of longterm, fee-based terminaling and pipeline agreements
More informationWAJAX ANNOUNCES 2015 FOURTH QUARTER RESULTS, INCLUDING A GOODWILL IMPAIRMENT AND PLANS FOR STRATEGIC REORGANIZATION
WAJAX CORPORATION News Release TSX Symbol: WJX WAJAX ANNOUNCES 2015 FOURTH QUARTER RESULTS, INCLUDING A GOODWILL IMPAIRMENT AND PLANS FOR STRATEGIC REORGANIZATION (Dollars in millions, except per share
More informationRBC Capital Markets GLOBAL ENERGY AND POWER CONFERENCE
RBC Capital Markets GLOBAL ENERGY AND POWER CONFERENCE New York, New York June 2, 2014 Geoff Darcy, Senior Vice President, Marketing Brian Ector, Senior Vice President, Capital Markets and Pubic Affairs
More informationMIC. Second Quarter 2018 Earnings Conference Call Supplemental Materials. August 2, 2018
MIC Second Quarter 2018 Earnings Conference Call Supplemental Materials August 2, 2018 Important Notice This presentation by Macquarie Infrastructure Corporation (MIC) is proprietary and all rights are
More informationTransformation through Distinctive Performance Simmons Energy Conference. February 27, 2014
Transformation through Distinctive Performance Simmons Energy Conference February 27, 2014 Forward Looking Statements This Presentation includes forward looking statements within the meaning of the Private
More informationImperial announces 2016 financial and operating results
Q4 News Release Calgary, January 31, 2017 Imperial announces 2016 financial and operating results Full-year earnings of $2.2 billion, including gains on retail asset sales of $1.7 billion Increased annual
More informationPURE INDUSTRIAL REAL ESTATE TRUST ANNOUNCES RELEASE OF Q AND 2017 ANNUAL FINANCIAL RESULTS
ANNOUNCES RELEASE OF Q4-2017 AND 2017 ANNUAL FINANCIAL RESULTS Vancouver, BC March 6, 2018: Pure Industrial Real Estate Trust (the Trust ) (TSX: AAR.UN) is pleased to announce the release of its financial
More informationINVESTOR PRESENTATION MAY 2018
INVESTOR PRESENTATION MAY 2018 Safe Harbor Disclosure Statement Statements made during the course of this presentation that are not historical facts are forward-looking statements within the meaning of
More informationSemGroup Reports Improved Earnings for Second Quarter 2018
SemGroup Reports Improved Earnings for Second Quarter 2018 Tulsa, Okla. - August 8, 2018 - SemGroup Corporation (NYSE:SEMG) today reported second quarter 2018 net loss of $2.7 million, compared to net
More informationCanexus Provides Positive Outlook for 2013 Expecting Record Financial and Operating Performance and Attractive Growth Projects
NEWS RELEASE FOR IMMEDIATE RELEASE Canexus Provides Positive Outlook for 2013 Expecting Record Financial and Operating Performance and Attractive Growth Projects Calgary, Alberta December 19, 2012 Canexus
More informationPBF Logistics LP (NYSE: PBFX)
PBF Logistics LP (NYSE: PBFX) UBS MLP One-on-One Conference January 2017 Safe Harbor Statements This presentation contains forward-looking statements made by PBF Logistics LP ( PBFX ), PBF Energy Inc.
More informationInter Pipeline Fund Announces Very Strong First Quarter 2010 Results. Attractive payout ratio before sustaining capital* of 67%
News Release Inter Pipeline Fund Announces Very Strong First Quarter 2010 Results CALGARY, ALBERTA, MAY 6, 2010: Inter Pipeline Fund ( Inter Pipeline ) (TSX: IPL.UN) announced today its financial and operating
More informationSemGroup Corporation Announces Third Quarter 2017 Results
SemGroup Corporation Announces Third Quarter 2017 Results Management Executing on Strategic Plan Recently Added Gulf Coast Assets Contribute to Third Quarter Results Announced Dividend of $0.45 Per Share
More informationPBF Energy Inc. (NYSE: PBF) January 2017 Investor Presentation
PBF Energy Inc. (NYSE: PBF) January 2017 Investor Presentation Safe Harbor Statements This presentation contains forward-looking statements made by PBF Energy Inc. ( PBF Energy ), the indirect parent of
More informationSpectra Energy Western Canada Transmission and Processing A Western Canadian Growth Story
Spectra Energy Western Canada Transmission and Processing A Western Canadian Growth Story April 6, 2009 Douglas P. Bloom President, Spectra Energy Transmission - West Contents Western Canada Operations:
More informationForward-looking Statements
Investor Conference Call August 28, 2017 Forward-looking Statements Statements and information herein that are not historical facts are "forward-looking information". Words such as plans, intends, outlook,
More informationINVESTOR PRESENTATION JANUARY 2018
INVESTOR PRESENTATION JANUARY 2018 Safe Harbor Disclosure Statement Statements made during the course of this presentation that are not historical facts are forward-looking statements within the meaning
More informationTransMontaigne Partners Announces Third Quarter 2017 Results
TransMontaigne Partners Announces Third Quarter 2017 Results Net earnings for the third quarter of 2017 totaled $11.0 million, compared to $11.9 million in the prior year third quarter Consolidated EBITDA
More informationPBF Energy March 2018
PBF Energy March 2018 1 Safe Harbor Statements This presentation contains forward-looking statements made by PBF Energy Inc. ( PBF Energy ), the indirect parent of PBF Logistics LP ( PBFX, or Partnership,
More informationNAPTP MLP Conference. Carlin Conner, CEO Bob Fitzgerald, CFO. May 22, 2014
NAPTP MLP Conference Carlin Conner, CEO Bob Fitzgerald, CFO May 22, 2014 Forward-looking Information Certain matters contained in this presentation include "forward-looking statements" within the meaning
More informationRogers Sugar Inc. Interim Report for the 3 rd Quarter 2017 Results
Interim Report for the 3 rd Quarter Results ADDED A NEW PLATFORM FOR GROWTH WITH THE ACQUISITION OF A MAPLE SYRUP BOTTLER DELIVERED ANOTHER STRONG QUARTER WITH POSITIVE VOLUME GROWTH YIELDING IMPROVED
More informationTSX: VSN TSX: PPL; NYSE: PBA
TSX: VSN TSX: PPL; NYSE: PBA Forward-looking statements and information This presentation is for information purposes only and is not intended to, and should not be construed to constitute, an offer to
More informationParkland Fuel Corporation Interim Condensed Consolidated Financial Statements (Unaudited) For the three months ended March 31, 2017
Interim Condensed Consolidated Financial Statements (Unaudited) Consolidated Balance Sheets (Unaudited) ($ millions) March 31, 2017 December 31, 2016 Assets Current assets Cash and cash equivalents 18.3
More information(NYSE:TLP) Master Limited Partnership Association (MLPA) Conference
(NYSE:TLP) Master Limited Partnership Association (MLPA) Conference June 1, 2017 Forward Looking Statements All statements, other than statements of historical facts, contained herein and made by representatives
More informationAchieving our goals and. Annual Meeting of Shareholders. poised for growth
Achieving our goals and poised for growth Conference call for the year and quarter ended December 31, 2016 Forward-Looking Statements (For definitions of capitalized terms, please refer to the Glossary
More informationCalumet Pro-Forma Review. Company Profile Post Sale of Superior Refinery
Calumet Pro-Forma Review Company Profile Post Sale of Superior Refinery NOVEMBER 10, 2017 Forward-Looking Statements This Presentation has been prepared by Calumet Specialty Products Partners, L.P. (the
More informationour purpose: 2016 Annual Report Financial Review Live Life Well
our purpose: 2016 Annual Report Financial Review Live Life Well 2016 Annual Report Financial Review Financial Highlights Management s Discussion and Analysis Financial Results Notes to the Consolidated
More information2016 Annual Report OPERATIONAL EXCELLENCE POSITIONED FOR GROWTH
2016 Annual Report OPERATIONAL EXCELLENCE POSITIONED FOR GROWTH FINANCIAL RESULTS (millions of dollars) 2016 2015 Revenues 2,023.7 2,253.1 Gross profit 656.4 658.2 Adjusted EBITDA from operations (1) 303.6
More informationTransMontaigne Announces Third Quarter Results
TransMontaigne Announces Third Quarter Results Achieved record levels of revenue, Consolidated EBITDA and distributable cash flow for the third quarter of 2018 Revenue for the third quarter of 2018 totaled
More informationParkland to Acquire Chevron Canada s Downstream Fuel Business
Parkland to Acquire Chevron Canada s Downstream Fuel Business Transformational Acquisition Strengthens a Premier and Diversified Fuels Marketing Company and Enhances Canada-wide Network April 18, 2017
More informationINVESTOR PRESENTATION DECEMBER 2018
INVESTOR PRESENTATION DECEMBER 2018 Safe Harbor Disclosure Statement Statements made during the course of this presentation that are not historical facts are forward-looking statements within the meaning
More informationInvestor Presentation Q2 2017
Investor Presentation Q2 2017 1 Forward-Looking Statements This presentation contains forward-looking statements, other than historical facts, which reflect the view of the Fund's management with respect
More informationFirst Quarter 2016 Earnings
First Quarter 2016 Earnings Disclaimer Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Federal Private Securities Litigation Reform Act of 1995.
More informationSEMGROUP CORPORATION
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event
More information2017 Annual financial statements and management discussion and analysis
2017 Annual financial statements and management discussion and analysis Financial section Table of contents Page Financial information (U.S. GAAP)... 2 Frequently used terms... 3 Management s discussion
More informationSECOND QUARTER Earnings Review
SECOND QUARTER 2014 Earnings Review 8/6/2014 Forward-Looking Statements Under the Private Securities Litigation Act of 1995 This document may contain or incorporate by reference forward-looking statements
More informationLyondellBasell Reports Second Quarter 2017 Earnings
NEWS RELEASE FOR IMMEDIATE RELEASE HOUSTON and LONDON, July 28, 2017 LyondellBasell Reports Second Quarter 2017 Earnings Second Quarter 2017 Highlights Income from continuing operations: $1.1 billion EBITDA:
More informationInvestor Presentation. May 2018
Investor Presentation May 2018 Forward-Looking Information Unless otherwise specified, all dollar amounts are expressed in Canadian dollars. Reference in this document and hereafter, to the Company, or
More informationSecond quarter 2018 results Delivering a world-class investment case. Pilipinas Shell Petroleum Corporation August 13, 2018
Second quarter 2018 results Delivering a world-class investment case August 13, 2018 1 Definitions and cautionary note References in this presentation to our Company or the Corporation and to PSPC refer
More informationUGI International Teach-in July 2, 2013
UGI International Teach-in 1 About This Presentation This presentation contains certain forward-looking statements that management believes to be reasonable as of today s date only. Actual results may
More informationJustin B. Yagerman J.P. Morgan Asset Management Global Maritime and Transport
CHARTING THE COURSE: Maritime s role in institutional portfolios Justin B. Yagerman J.P. Morgan Asset Management Global Maritime and Transport FROM THE LOOKOUT: GLOBAL MARITIME Workhorse of the Global
More informationNews Release NYSE: BPL
News Release NYSE: BPL Buckeye Partners, L.P. One Greenway Plaza Suite 600 Houston, TX 77046 Contact: Kevin J. Goodwin Vice President & Treasurer irelations@buckeye.com (800) 422-2825 BUCKEYE PARTNERS,
More informationSemGroup Corporation Announces Second Quarter 2017 Results
SemGroup Corporation Announces Second Quarter 2017 Results Tulsa, Okla. August 7, 2017 SemGroup Corporation (NYSE:SEMG) today announced second quarter 2017 revenues of $473.1 million with net income attributable
More information4Q17 EARNINGS PRESENTATION NYSE: DOOR
4Q17 EARNINGS PRESENTATION NYSE: DOOR Safe Harbor / Non-GAAP Financial Measures SAFE HARBOR / FORWARD LOOKING STATEMENT This investor presentation contains forward-looking information and other forward-looking
More informationINFRASTRUCTURE 8 LOGISTICS 10 WHOLESALE 10
Contents BUSINESS OVERVIEW 2 SELECTED FINANCIAL INFORMATION 2 2018 REVIEW 3 PROJECT DEVELOPMENTS, ACQUISITIONS AND MARKET OUTLOOK 5 RESULTS OF CONTINUING OPERATIONS 7 INFRASTRUCTURE 8 LOGISTICS 10 WHOLESALE
More informationDebt Investor Meetings November 2013
A final base shelf prospectus containing important information relating to the securities described in this document has been filed with the securities regulatory authorities in each of the provinces of
More informationMARTIN MIDSTREAM PARTNERS L.P. Bank of America High Yield Energy & Power Leveraged Finance Conference JUNE 2, 2015
MARTIN MIDSTREAM PARTNERS L.P. Bank of America High Yield Energy & Power Leveraged Finance Conference JUNE 2, 2015 USE OF NON-GAAP FINANCIAL MEASURES This presentation includes certain non-gaap financial
More informationFor personal use only
HY14 Results 15 May 2014 Disclaimer This presentation includes both information that is historical in character and information that consists of forward looking statements. Forward looking statements are
More informationStrategic Overview. North America s Leading Energy Infrastructure Company. Premium portfolio of strategically positioned franchises
Strategic Overview Al Monaco President & CEO North America s Leading Energy Infrastructure Company Enbridge % of N.A. Inland Flows ~28% ~20% ~12% Crude Oil Transported Natural Gas Transported Natural Gas
More informationCompany Update April 2014
Company Update April 2014 Safe Harbor Statements Forward-Looking Statements Statements contained in this presentation that state the Company s or management s expectations or predictions of the future
More informationScotiabank. Financials Summit Ed Clark Group President & CEO TD Bank Group
Scotiabank Financials Summit 2012 Ed Clark Group President & CEO TD Bank Group September 5, 2012 Caution Regarding Forward-Looking Statements From time to time, the Bank makes written and/or oral forward-looking
More informationInvestor Presentation. October 21, 2008
Investor Presentation October 21, 2008 Forward looking statements To enable investors to better understand the Partnership s outlook for the future and make more informed decisions, the matters discussed
More informationMARTIN MIDSTREAM PARTNERS L.P. Deutsche Bank Leveraged Finance Conference September 29, 2015
MARTIN MIDSTREAM PARTNERS L.P. Deutsche Bank Leveraged Finance Conference September 29, 2015 USE OF NON-GAAP FINANCIAL MEASURES This presentation includes certain non-gaap financial measures such as EBITDA
More informationFor personal use only
11 May 2017 The Manager Company Announcements Office ASX Limited 20 Bridge Street SYDNEY NSW 2000 GRAINCORP LIMITED: GNC INVESTOR PRESENTATION FINANCIAL HALF YEAR ENDED 31 MARCH 2017 Please find attached
More informationArc Logistics Partners LP Investor Presentation May 2015
Arc Logistics Partners LP Investor Presentation May 2015 Cautionary Note Forward Looking Statements Certain statements and information in this presentation may constitute "forward-looking statements."
More informationDriven to Create Value Goldman Sachs 2017 Global Energy Conference January 2017
Driven to Create Value Goldman Sachs 2017 Global Energy Conference January 2017 2015 Corporation. All Rights Reserved. Forward Looking Statements On November 17, 2016, we announced our plans to acquire
More information2018 Second Quarter Report For the period ended June 30, 2018
August 8, 2018 2018 Second Quarter Report For the period ended 2018 HIGHLIGHTS Keyera delivered strong financial results in the second quarter of 2018 with adjusted earnings before interest, taxes, depreciation
More informationInvestor Presentation
Investor Presentation September 2018 Katie Brine, Director, Investor Relations Phone: 905-238-7124 x2092 Email: katie.brine@sobeys.com Disclaimers Forward-Looking Information This document contains forward-looking
More informationQ Management s Discussion and Analysis November 9, 2017
Q3 2017 Management s Discussion and Analysis November 9, 2017 TABLE OF CONTENTS Restatement of Comparative Results...2 Third Quarter 2017 Overview...2 Outlook...3 Risks...4 About Stuart Olson Inc....5
More informationTransMontaigne Announces Fourth Quarter and Full Year 2017 Results and the Filing of its 2017 Annual Report on Form 10-K
TransMontaigne Announces Fourth Quarter and Full Year 2017 Results and the Filing of its 2017 Annual Report on Form 10-K Acquired two terminal facilities on the U.S. West Coast with approximately 5 million
More informationArc Logistics Partners LP Investor Presentation March 2015
Arc Logistics Partners LP Investor Presentation March 2015 Vince Cubbage - CEO, Chairman and Director Bradley Oswald - Senior Vice President, CFO and Treasurer Cautionary Note Forward Looking Statements
More informationForward Looking Information and Non-GAAP Measures
Forward Looking Information and Non-GAAP Measures This presentation includes certain forward looking information, including future oriented financial information or financial outlook, which is intended
More informationPBF Energy June 2018
PBF Energy June 2018 1 Safe Harbor Statements This presentation contains forward-looking statements made by PBF Energy Inc. ( PBF Energy ), the indirect parent of PBF Logistics LP ( PBFX, or Partnership,
More information