(NYSE:TLP) 2016 MLPA Investor Conference June 2, 2016
Forward Looking Statements All statements, other than statements of historical facts, contained herein and made by representatives of TransMontaigne Partners L.P. during this presentation may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements address activities, events or developments that the Partnership expects, believes or anticipates will or may occur in the future. These forward-looking statements are based on certain assumptions made by the Partnership based on management’s experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Any forward-looking statements contained herein or made by representatives of the Partnership during this presentation are subject to risks and uncertainties, many of which are beyond the Partnership’s ability to control or predict. If one or more of risks or uncertainties materialize, or if underlying assumptions prove incorrect, then the Partnership’s actual results may differ materially from those implied or expressed by the forward-looking statements. Important factors that could cause actual results differ materially from management’s expectations are detailed in the Partnership’s filings with the Securities and Exchange Commission (SEC) including those items disclosed in “Item 1A. Risk Factors” in the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2015. These filings are available to the public over the internet at the SEC’s website (www.sec.gov) and at the Partnership’s website (www.transmontaignepartners.com). As a result of these risks and uncertainties, investors should not place undue reliance on forward- looking statements. The Partnership undertakes no obligation to update any forward-looking statements, whether as a result of new information or future events. 2
TLP Overview We are a leading terminaling and transportation company Key Stats Own and operate refined petroleum product tank farms and pipelines. 30.6 million Provide integrated terminaling, storage, transportation and barrels capacity related services. 48 storage Petroleum products, crude oil, chemicals, fertilizers and other terminals liquid products. Longstanding relationships with diversified customers in refined product distribution. 5 regions Operate in 5 distinct and strategic regions across the US: Florida, Southeast, Texas, Midwest and along the Mississippi $$ $92 million TTM and Ohio rivers. EBITDA New GP affiliated with ArcLight Energy Partners Fund VI, L.P. 3
Our Asset Footprint Large network of strategically positioned refined product assets 1 Products Stored Light Refined Products Gasoline Jet Fuel Diesel Fuel Heating Oil Heavy Refined Products Resid. Fuel Oil Asphalt East Liverpool Heavy Refined Products Fairfax Greater Cincinnati Crude Oil Fertilizers Chemicals Other Liquids Richmond Norfolk Montvale New Albany Louisville Evansville Denver Owensboro Cape Giradeau Henderson Greensboro Selma Mt. Vernon Charlotte Paducah Cushing Spartanburg Lookout Mountain Rogers Athens Oklahoma City Belton TLP Corporate Office Rome Doraville TLP Southeast Facility Roswell Griffin Arkansas City Birmingham Macon TLP River Facility Greenville Americus Albany TLP Gulf Coast Facility Meridian Collins Bainbridge TLP Midwest Facility Jacksonville Pensacola Baton Rouge Dock Purvis TLP Brownsville Facility Cape Canaveral TLP Investment Bostco Investment Tampa Port Manatee TLP Pipeline King Ranch Port Everglades Third-Party Pipeline MEXICO Third Party Facility Brownsville Complex Fisher Island Frontera Investment Note: 1 As of 3/31/2016. Cadereyta/Monterrey Matamoros 4
Sizable and Diversified Terminal Network Significant footprint of assets; 48 terminals across 5 distinct regions 1 Southeast Gulf Coast • Terminals: 22 • Terminals: 7 • Capacity: 10.0 MM bbls • Capacity: 6.9 MM bbls • % Contracted: 100% • % Contracted: 94% River Midwest • Terminals: 12 • Terminals: 4 • Capacity: 2.7 MM bbls • Capacity: 1.6 MM bbls • % Contracted: 71% • % Contracted: 100% Active Capacity Bostco 23% Brownsville 2 Bostco 3 River Southeast 9% 33% • Terminals: 2 • Terminals: 1 • Capacity: 2.4 MM bbls • Capacity: 7.1 MM bbls 8% Brownsville 22% • % Contracted: 92% • % Contracted: 100% 5% Midwest Gulf Coast Note: 1 Excludes Bostco JV. 2 Includes ~1.5MM bbls owned by Frontera, TLP 50% interest. 3 Reflects total active storage capacity of Bostco – TLP owns 42.5% 5 interest. Information as of 3/31/2016.
Highly Contracted with Quality Customers ̴ 31 mm barrels of capacity; ̴ 95% contracted; Strong counterparties Key customers represent Active Shell Capacity 90% of revenue Million barrels 35 30.6 30.6 30.6 30 23.7 23.5 25 22.4 20 15 10 2011 2012 2013 2014 2015 1Q16* U.S. Government Note: As of 3/31/2016. All trademarks are the property of their respective owners. 6
Success in Achieving Third-Party Growth Nearly all of our customer base is unaffiliated third-party Morgan Stanley, a previous owner of our GP, accounted for more than 60% of our business in 2014. Since then, we have contracted and/or extended over 70% of our business in a proactive effort to increase the amount of third-party business and diversify our customer base. Today, nearly all of our terminaling services fees and pipeline transportation fees are from unrelated third-parties. Successful re-contracting effort demonstrates importance of our asset base in the refined product value chain. Third Party Contracted Capacity % of total ~100% 100% Q1 2014 Q1 2015 80% 70% Q1 2016 60% 38% 40% 20% 0% 7
Recent Accomplishments The success we have achieved demonstrates the value of our assets New 5-Year Contract New 5-Year Re- • Entered into a new New Collins Contract, Port Everglades Contract 5-year terminaling Hydrant Acquisition • Re-contracted services agreement Revolver Amendment • Entered into a 5-year terminaling services ~2.7mm barrels of with a subsidiary of agreements with multiple third-parties for • Amended revolving capacity at Collins / NGL Energy Partners ~0.8 million barrels of new capacity to be credit facility to Purvis terminals to ~1.2mm barrels of constructed at Collins storage terminal. extend maturity Morgan Stanley for a new capacity to be through July 2018, 5 year term at rates • Purchased from TransMontaigne LLC its constructed at increase capacity by in excess of the Port Everglades, Florida hydrant system for Collins storage $50mm to $400mm. previous contract. a cash payment of $12 million. terminal. Apr ‘15 Jul ‘15 Sep ‘15 Dec ‘15 Mar ‘16 Jan ‘15 Jul ‘16 Two New 3-Year Contracts New 5.5-Year Contract ArcLight Acquires LP Unit Frontera Re- Acquisition Contract TLP’s GP • Commenced new contract for • Entered into a new 5.5- 110k barrels of previously year terminaling services • ArcLight Energy • ArcLight affiliate • TLP’s Frontera uncontracted capacity at agreement with a new acquired 3.2 JV re-contracted Partners Fund Brownsville with a third-party third-party customer for a large portion VI’s affiliate million TLP customer for a 3 year term. ~700,000 barrels of of its capacity at completed the common LP units existing asphalt storage purchase of TLP’s (20% interest) rates in excess • Commenced new contract for capacity at the Port from NGL Energy of the previous general partner 119k barrels of previously Everglades North, Cape Partners. contract. from NGL Energy uncontracted capacity at Canaveral, Jacksonville, Partners (NGL) Louisville and Greater Cincinnati and Port Manatee, for $350 million terminals to a different third- Florida terminals. in cash. party for a 3 year term. 8
Sponsor Enhances Growth Potential We are backed by a highly experienced and aligned general partner Strategic and Aligned General Partner About ArcLight Capital Partners In February 2016, ArcLight Energy Partners Leading private equity firm focused on Fund VI indirectly acquired 100% of our energy infrastructure investments. general partner for $350 million in cash Based in Boston; founded in 2001. from NGL Energy Partners (NGL) TLP’s GP Targets midstream, power and production. – holds 2% GP interest and 100% of IDRs (currently in “high-splits”). ArcLight has invested more than $15 billion in over 95 transactions since inception. On April 1, 2016, affiliate of ArcLight acquired approximately 3.2 million of our common units (20% interest) from NGL. Represents ArcLight’s fourth major refined product terminal acquisition in past 18 months. 9
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