NuStar Energy Investor Conference Presentation Deck
NuStar
...And Our Recently Announced Asset Sale
Demonstrates Our Commitment to Strengthening
Our Balance Sheet
★ We recently agreed to sell nine terminals in the Northeast, Illinois and Florida to
Sunoco LP for $250 million, and we expect to close in Q4
★ With this sale, we will have divested non-core assets for a total of $876 million in
proceeds, in each case, at an attractive multiple
2018-
Europe
Operations
2019-
St.
Eustatius
Facility
2020-
Texas City
Terminal
Q4 2021-
Terminal
Asset Sale
$876MM
Total
Proceeds
★ We deployed the proceeds from the 2018, 2019 and 2020 sales to improve our
debt metrics and to fund our project spending, and we intend to use the proceeds
from this Q4 2021 sale to lower our leverage
In addition to improving our debt metrics, the sale will also:
Lower our reliability spending
Reduce our operating expenses
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