{
  "docId": "019de515-c91a-75ed-a017-74ee37dd4de3",
  "docSlug": "56fb4498a3548b5e53b6ee0e9dde9858",
  "documentTitle": "NuStar Energy | Investor Conference Presentation Deck | 36 slides",
  "authorId": "nustar-energy",
  "authorName": "NuStar Energy",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-05-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 5,
  "pageCount": 36,
  "prevPage": 4,
  "nextPage": 6,
  "slideType": "kpi_overview",
  "function": "summarize",
  "density": "overcrowded",
  "nDataPoints": 8,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 0.9,
  "imagePath": null,
  "slideHref": "/slides/019de515-c91a-75ed-a017-74ee37dd4de3/5",
  "deckHref": "/decks/019de515-c91a-75ed-a017-74ee37dd4de3",
  "deckJsonHref": "/decks/019de515-c91a-75ed-a017-74ee37dd4de3.json",
  "deckAnchorHref": "/decks/019de515-c91a-75ed-a017-74ee37dd4de3#slide-5",
  "components": [
    {
      "bbox": {
        "h": 0.35,
        "w": 0.76,
        "x": 0.12,
        "y": 0.14
      },
      "kind": "chart",
      "text": "Debt-to-EBITDA Ratio: 4Q20 4.24x, 4Q21 3.99x, 3Q22 3.79x, 1Q23 3.46x",
      "attrs": null,
      "subkind": "dot",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1e8650bf-be20-4b32-aa00-ef8d0a30cd25",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.126,
        "x": 0.837,
        "y": 0.04
      },
      "kind": "image",
      "text": "NuStar",
      "attrs": null,
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2e07db5e-ea76-4fcd-8e42-f677ca890fb2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.85,
        "x": 0.045,
        "y": 0.87
      },
      "kind": "list",
      "text": "In 1Q 2023, we reduced our debt-to-EBITDA to 3.46x, the lowest level since 2005",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "019027a0-e7ab-4496-8b6f-dd6e41b60475",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.91,
        "x": 0.045,
        "y": 0.69
      },
      "kind": "list",
      "text": "By the end of 3Q 2022, we were able to reduce our debt-to-EBITDA even further, to 3.79x",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "296d68f6-3bf4-4e56-b77a-dc3a31defe7f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.07,
        "w": 0.91,
        "x": 0.045,
        "y": 0.58
      },
      "kind": "list",
      "text": "In 2021, through a combination of strong EBITDA generation and debt reduction from the sale of the non-core East Coast assets, we reduced our debt-to-EBITDA ratio to 3.99x",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a0336a08-c7b0-466c-9509-2272cbd9791e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.07,
        "w": 0.91,
        "x": 0.045,
        "y": 0.77
      },
      "kind": "list",
      "text": "We repurchased 6.9MM, or 30%, of total outstanding Series D preferred units in November 2022, while maintaining a debt-to-EBITDA ratio of 3.98x¹ at year end 2022",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f5eeb215-ac94-4245-be61-4a23a6efa8b2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.76,
        "x": 0.01,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "1 - 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": "73ffafbb-7310-453b-bc06-2be7213bfdb5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.74,
        "x": 0.036,
        "y": 0.03
      },
      "kind": "title",
      "text": "By Taking Steps to Improve Our Debt Metric Over Time, We Repurchased 30% of the Series D Preferred Units in 2022 and Are on Track to Repurchase the Remainder by the End of 2024",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "831edec3-84e3-40db-b686-ddc62006f0f9",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Chart Selection Guide",
      "slug": "chart-selection-guide",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "f07ae858-85fa-4941-a947-79758d961bda",
      "evidence": "The slide uses a dot chart to effectively display the debt-to-EBITDA ratio over time.",
      "confidence": 0.5
    },
    {
      "name": "Data Story Arc",
      "slug": "data-story-arc",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "72b3a7f1-69f1-4eff-8229-aa5c15eac8b3",
      "evidence": "The slide presents a narrative arc of debt-to-EBITDA ratio improvement over time.",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 5,
      "from": 3,
      "beatId": "6e2c1c2e-6866-49a5-afb6-c4cf5962ce36",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Problem",
      "beatSlug": "sequoia-pitch-problem",
      "evidence": "The document presents an overview of NuStar Energy's strong financial performance.",
      "position": 0,
      "confidence": 0.8,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}