Investor Presentaiton
Gibson Energy Snapshot (TSX: GEI)
Gibson is a diversified North American energy infrastructure platform underpinned by high quality terminal assets
GIBSON ENERGY INVESTOR PRESENTATION
Corporate
Information
C$3.3B
C$6.0B
~7.7%
Market Cap (1)
Enterprise Value (1)
Dividend Yield (1)
1 in 4
WCSB Barrels
Through GEI
Terminals
Leading North American
Terminals Platform
2nd
Largest Crude
Export Terminal in
the United States
>25
MMBBL
Tankage Capacity
in North America (2)
>85%
Terminals Revenue
from IG
Counterparties(3)
$
Stable Highly Contracted
Infrastructure Business
~85%
Pro Forma ("PF") Segment
Profit from Infrastructure (3)
~80%
Committed to Financial
Governing Principles
BBB(low) /
BBB-
Maintain Investment
Grade Ratings
3.1x
61%
from Take-or-Pay Contracts (3)
Q3 PF LTM Net Debt /
Adjusted EBITDA (1)
Q3 2023
Payout Ratio (1)
PF Infrastructure Revenues
Continued ESG
Leadership
Net Zero
AAA
Scope 1 & 2 GHG Emissions
Target by 2050
MSCI Rating
2
All data as of December 29, 2023, unless otherwise noted.
(1) Metrics do not have standardized meanings under GAAP - refer to "Specified Financial Measures" slide; this and subsequent slides contain references to "Q3 2023 PF", which reflect pro forma financial information that gives effect to the Transaction (as defined below) as if
it had closed on October 1, 2022, assumes Gateway (as defined below) is included in the Company's Infrastructure segment and reflects an adjustment of $16.8mm for an environmental remediation provision in Q2 2023; please refer to "Presentation of Pro Forma Financial
Information" on the "Specified Financial Measures" slide; see "Financial Position and Maturity Profile" on slide 27 for Q3 2023A Net Debt to Adjusted EBITDA and Q3 2023A Payout Ratio metrics.
(2) Inclusive of three 435 kbbl tanks currently under construction.
(3) Based on pro forma 2022A financials.
Note: This and subsequent slides contain pro forma financial information giving effect to the acquisition of South Texas Gateway Terminal LLC ("Gateway"), which closed on August 1, 2023 and the related subscription receipt and note offerings, which closed on June 22, 2023
and July 12, 2023, respectively (collectively, the "Transaction"); references to "2022 PF" or "Pro Forma" reflect pro forma financial information that gives effect to the Transaction as if it had closed on January 1, 2022 and assumes Gateway is included in the Company's
Infrastructure segment; please refer to "Presentation of Pro Forma Financial Information" on the "Specified Financial Measures" slide.View entire presentation