Teaser Presentation to Full Powerhouse Propane Presentation

1. This material has been prepared for informational purposes only and is not an offer to buy or
sell or a solicitation of any offer to buy or sell any security or other financial instrument or to
participate in any trading strategy. Past performance is not necessarily a guide to future
performance. Please see additional important information and qualifications at the end of this
material.
Copyright 2014 Powerhouse
David Thompson, CMT Executive Vice President
202-333-5380 www.powerhouseTL.com
Buying Smart, Selling Smart
Despite Volatile Propane Prices
NPGA 2014 Southeastern Propane Expo
April 12-13, 2014

2. 2
Major Changes to Propane Market Fundamentals

3. Propane to WTI Crude Price Ratio
3

4. U.S. NGL Supply Sources
4

5. U.S. Propane Production
5

6. U.S. Propane Exports
6

7. Propane Share of Heating Demand by Key States
7

8. PADD 2 (Midwest) Propane Inventories Trended Lower
on Strong Crop Drying Demand and Extreme Cold
8

9. Winter 2013-14 Propane Supply Disruptions
9
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To See the Full (38 page) Presentation

10. Winter 2013-14 Propane Supply Disruptions
9
Contact Powerhouse:
To See the Full (38 page) Presentation