{ "docId": "019de514-c181-7398-a625-fa5b8fd47f88", "docSlug": "b751902af01cc43aff8a06950c2b6d35", "documentTitle": "NuStar Energy | Investor Conference Presentation Deck | 35 slides", "authorId": "nustar-energy", "authorName": "NuStar Energy", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2022-12-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 18, "pageCount": 35, "prevPage": 17, "nextPage": 19, "slideType": "kpi_overview", "function": "frame_situation", "density": "overcrowded", "nDataPoints": 50, "notes": null, "elementsJson": null, "metadataConfidence": 0.9, "imagePath": null, "slideHref": "/slides/019de514-c181-7398-a625-fa5b8fd47f88/18", "deckHref": "/decks/019de514-c181-7398-a625-fa5b8fd47f88", "deckJsonHref": "/decks/019de514-c181-7398-a625-fa5b8fd47f88.json", "deckAnchorHref": "/decks/019de514-c181-7398-a625-fa5b8fd47f88#slide-18", "components": [ { "bbox": { "h": 0.49, "w": 0.63, "x": 0.35, "y": 0.43 }, "kind": "chart", "text": "NS Permian Crude System Performance (by Quarter) * Adjusted\nEBITDA ($MM): 2Q17 $7, 3Q17 $12, 4Q17 $14, 1Q18 $12, 2Q18 $19, 3Q18 $27, 4Q18 $27, 1Q19 $23, 2Q19 $31, 3Q19 $35, 4Q19 $39, 1Q20* $38, 2Q20 $33, 3Q20 $38, 4Q20 $37, 1Q21 $43, 2Q21 $46, 3Q21 $47, 4Q21 $49, 1Q22 $56, 2Q22 $62\nSystem Receipts (Avg MBPD): 2Q17 139, 3Q17 159, 4Q17 187, 1Q18 211, 2Q18 266, 3Q18 314, 4Q18 327, 1Q19 349, 2Q19 370, 3Q19 395, 4Q19 435, 1Q20* 453, 2Q20 400, 3Q20 423, 4Q20 418, 1Q21 402, 2Q21 450, 3Q21 502, 4Q21 516, 1Q22 510, 2Q22 522, 3Q22 580", "attrs": null, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "68331893-529d-4e3f-9d49-2e64c1c1467f", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.27, "w": 0.35, "x": 0.38, "y": 0.13 }, "kind": "chart", "text": "NS System Producer-type2 (% Average Daily Volume)\nMajor: 28%\nPrivate: 25%\nOther Public: 47%", "attrs": null, "subkind": "donut", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "beebd174-130c-49c7-8eec-1d8244d3a2aa", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.17, "w": 0.31, "x": 0.02, "y": 0.43 }, "kind": "list", "text": "We averaged 580 MBPD in 3Q22 (our best quarter since we acquired the system in 2017)\nAnd we expect our 4th quarter to average around 600 MBPD", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5c759045-11f8-4aaf-84dd-f404b82e8591", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.23, "w": 0.31, "x": 0.02, "y": 0.15 }, "kind": "list", "text": "The quality of geological formations underlying our system attracts the strongest customers\n~66% of our system's revenue is generated from investment-grade (IG) rated and Non-IG BB-rated entities¹", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "960459ce-28cc-4580-b194-dd3db793063a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.23, "w": 0.31, "x": 0.02, "y": 0.68 }, "kind": "list", "text": "Our producers have maintained a floor of around 20 rigs throughout 2022, and recently increased the count to around 30 rigs which provide an important platform for growth", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f58dc702-6d91-40d6-b57e-a07724b93f72", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.21, "x": 0.75, "y": 0.18 }, "kind": "metric", "text": "Producer Average Cost of Debt, Weighted by Acreage: 6.2%3", "attrs": null, "subkind": "big-number", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "cc497771-fb0d-44ae-b848-48562e020a80", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.38, "x": 0.01, "y": 0.94 }, "kind": "source-note", "text": "Please see Appendix for reconciliations of non-GAAP financial measures to their most directly comparable GAAP measures", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "52caf120-94eb-4538-a91f-4fc6d5e27829", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.01, "w": 0.17, "x": 0.76, "y": 0.94 }, "kind": "source-note", "text": "3 – As of November 16, 2022", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "9f1df7f6-2eae-46b5-8924-ddc617f5892c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.35, "x": 0.4, "y": 0.94 }, "kind": "source-note", "text": "1 – For the nine months ended September 30, 2022\n2 – For the month ended September 30, 2022", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "e9b25a68-d3af-48a2-99d0-0207dc53f49e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.79, "x": 0.038, "y": 0.06 }, "kind": "title", "text": "Our \"Core of the Core\" Location has Attracted Top-tier Customers Whose Activity is Supporting Steady Growth", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "88b4882d-1858-4fcd-9364-5ebd28b0e0d9", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 20, "from": 11, "beatId": "5f3bf3c8-d198-4444-becc-5c61653d5aa4", "arcName": "The Sequoia Pitch", "arcSlug": "sequoia-pitch", "beatName": "Business Model", "beatSlug": "sequoia-pitch-business-model", "evidence": "The document outlines NuStar Energy's business model, including its focus on core asset footprint and partnerships with key customers.", "position": 3, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], 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