StoneMor held an Investor and Analyst Day on November 12, 2014. The document outlines StoneMor's management team representatives and agenda. It discusses who StoneMor is as the second largest owner and operator of cemeteries in the US. It then covers industry dynamics like favorable demographics from an aging population, a large and growing $22 billion market, and high fragmentation providing opportunities for consolidation. StoneMor's growth strategy focuses on acquiring properties through a disciplined process and leveraging their scale. Recent acquisitions in 2014 include a lease agreement with the Archdiocese of Philadelphia and the purchase of assets from Service Corporation International.

1. Investor and Analyst Day November 12, 2014

2. Forward-Looking Statements
This presentation contains certain statements that may be deemed to be forward-looking statements within the meaning of the Securities Acts. All statements, other than statements of historical facts, that address activities, events or developments that the Partnership expects, projects, believes or anticipates will or may occur in the future, including, without limitation, the outlook for population growth and death rates, general industry conditions including future operating results of the Partnership’s properties, capital expenditures, asset sales, expansion and growth opportunities, bank borrowings, financing activities and other such matters, are forward- looking statements. Although the Partnership believes that its expectations stated in this presentation are based on reasonable assumptions, actual results may differ from those projected in the forward-looking statements. When considering forward-looking statements, the reader should keep in mind the risk factors and other cautionary statements set forth in StoneMor’s Annual Report on Form 10-K and Quarterly Reports filed with the Securities and Exchange Commission. Except as required under applicable law, StoneMor assumes no obligation to update or revise any forward- looking statements made herein or any other forward-looking statements made by StoneMor, whether as a result of new information, future events, or otherwise.
2

3. Management Team Representatives
3
Name
Title
Larry Miller
Chairman, President and Chief Executive Officer
Tim Yost
Chief Financial Officer
John McNamara
Director of Investor Relations

4. Agenda
4
Topic
Presenter
Who We Are
Larry Miller
Industry Dynamics
Larry Miller
Growth Strategy
Larry Miller
Financial Strategy
Tim Yost
Financial Performance
Tim Yost
Q&A

5. Who We Are
Larry Miller
President & CEO

6. StoneMor At-a-Glance
6
Second largest owner and operator of cemeteries in the U.S.
303 cemeteries / 98 funeral homes, located across 28 states and Puerto Rico
Complete range of funeral merchandise and services, along with cemetery property, merchandise and services, both at the time of need and on a pre-need basis
Over 12,490 acres of land, as of December 30, 2013, equivalent to a weighted average sales life of 240 years
45,470 burials performed in 2013
$841 million in Merchandise and Perpetual Care Trusts as of September 30, 2014
We are the only deathcare company structured as a master limited partnership (MLP)

7. Business Overview
7
A full suite of memorialization products and services
–100,000+ pre-need and at-need contracts written in 2013
•Average contract value of $2,600
–12,500+ funeral “calls” in 2013
•Average per call value of $4,000
Burial Lots
Funeral Services
Grave Opening & Closing
Cremation
Mausoleums
Burial Vaults
Caskets
Grave Markers
Lawn Crypts
Memorials

8. Our Evolution
8
Metric
2004 (IPO)(1)
2014(2)
Operational Data
Cemeteries / Funeral Homes
132 / 7
303 / 98
Employees
~1,100
~3,400
Annual Interments
~22,000
~45,000
Funeral Service Calls
650
12,535
Financial Data
Production-Based Revenue
$89 million
$350 million
Adj. Operating Profit
$29 million
$71 million
Distribution per Unit
$1.85
$2.43
Market Cap
$175 million
$761 million
(1)Represents data as of 12/31/2004 or for the twelve month period ended 12/31/2004, as applicable.
(2)Represents data as of 9/30/2014 or for the twelve month period ended 9/30/2014, as applicable.

9. Our Footprint in 2004
9
WA
OR
CA
CO
KS
IA
IL
MO
AR
IN
MI
OH
PA
WV
KY
TN
VA
NC
SC
GA
AL
MS
FL
Ohio 2 Cemeteries 1 Funeral Home
Rhode Island 2 Cemeteries
Pennsylvania 44 Cemeteries 2 Funeral Homes
New Jersey 6 Cemeteries
Delaware 1 Cemetery
Maryland
10 Cemeteries
1 Funeral Home
West Virginia 32 Cemeteries
Virginia
29 Cemeteries
2 Funeral Homes
Georgia 1 Cemetery
Tennessee 3 Cemeteries
Alabama 1 Cemetery 1 Funeral Home
GA
AL
TN
VA
WV
PA
OH
132 Cemeteries + 7 Funeral Homes = 139 Total Locations
As of December 31, 2004
Strong regional presence at the time of our IPO

10. Our Footprint Today
10
 Significantly enhanced geographic scale and diversity
303 Cemeteries
+98 Funeral Homes
= 401 Total Locations
WA
OR
CA
CO
KS
IA
IL
MO
AR
IN
MI
OH
PA
WV
KY
TN
VA
NC
SC
MS AL GA
FL
Washington
3 Cemeteries
2 Funeral Homes
Oregon
6 Cemeteries
12 Funeral Homes
California
6 Cemeteries
9 Funeral Homes
Colorado
2 Cemeteries
Kansas
3 Cemeteries
2 Funeral Homes
Hawaii
1 Cemetery
Iowa
1 Cemetery
Illinois
8 Cemeteries
22Funeral Homes
Indiana
11 Cemeteries
5 Funeral Homes Michigan
13 Cemeteries
Kentucky
2 Cemeteries
Ohio
14 Cemeteries
2 Funeral Homes
Rhode Island
2 Cemeteries
Pennsylvania
52 Cemeteries
8 Funeral Homes
New Jersey
6 Cemeteries
Delaware
1 Cemetery
Maryland
10 Cemeteries
1 Funeral Home
West Virginia
33 Cemeteries
2 Funeral Homes
Virginia
31 Cemeteries
2 Funeral Homes
North Carolina
South Carolina 16 Cemeteries
8 Cemeteries
3 Funeral Homes
Puerto Rico
7 Cemeteries
5 Funeral Homes
Georgia
7 Cemeteries
Florida
4 Cemeteries
17 Funeral Homes
Tennessee
11 Cemeteries
5 Funeral Homes
Alabama
9 Cemeteries
6 Funeral Homes
Mississippi
2 Cemeteries
1 Funeral Home
Arkansas
2 Funeral Homes
Missouri
6 Cemeteries
5 Funeral Homes
As of September 30, 2014

11. Diversified Revenue Streams
11
•More than 60% of revenues generated through highly predictable and at-need business
•StoneMor’s 800+ person sales team creates an unparalleled advantage in pre-need sales
Pre-need Sales, 37.0%
At-need Sales, 30.6%
Investment Income, 9.9%
Interest Income, 2.8%
Funeral Home Revenues, 18.2%
Other Cemetery Revenues, 1.5%
Year ended December 31, 2013
BUSINESS MIX BY REVENUE STREAM

12. 12
Pennsylvania 12.7%
California 8.8%
Ohio 8.1%
Virginia 6.7%
New Jersey 6.3%
Michigan 6.2%
Maryland 5.7%
West Virginia 5.1%
North Carolina 4.8%
Florida 4.3%
Alabama 3.8%
Puerto Rico 3.1%
Oregon 2.9%
Indiana 2.7%
Other States 18.8%
•Only one state represents more than 10% of sales
Geographic Diversity by State
Year ended December 31, 2013
REVENUE BY STATE

13. Mission-Driven Strategy
13
Mission
Vision
Strategy
To help families memorialize every life with dignity.
To be the preferred operator of deathcare facilities and preferred provider of deathcare services.
To use an aggressive, yet conservatively financed acquisition strategy to build market share. Leverage these positions to expand service offerings.

14. A Transformational 2014 for StoneMor
14
February
May
June
July
August
October
Priced $53mm equity offering
Proceeds used to de-lever
Transaction upsized due to strong investor demand
$130mm equity commitment from private investment firm, American Infrastructure MLP Funds ("AIM“)
Capitalization of general partner
~$50mm available for future acquisition opportunities
Priced $67mm equity offering
Proceeds used to fund SCI acquisition and de-lever
Closing of AOP Transaction ($53mm)
Financed with four-year non-cash common units issued to AIM
Opportunities for other Archdioceses
Closing of SCI Acquisition ($54mm)
Immediately accretive
Financed with proceeds from May equity offering
Increased Distribution to $0.61/unit
$0.01 increase from $0.60
Announced intention to increase quarterly distributions by at least $0.01/unit each quarter through 2015
Announced 2Q 2014 Results
Reaffirmed intent to increase quarterly distribution at least $0.01/unit through the end of 2015
Increased Distribution to $0.62/unit
$0.01 increase from $0.61
2nd consecutive quarterly distribution increase
1
2
3
4
5
6
7
8
A number of strategic transactions in 2014 mark an exciting inflection point in our growth

15. 15
Stable and Growing Cash Flow
Key Attributes of High-Performing MLPs
StoneMor?
Long-lived, Secure Assets
Defensible Competitive Advantage
Attractive Industry Fundamentals
Conservative Financial Profile
StoneMor features the key attributes of high-performing MLPs as well as an attractive total return profile
StoneMor Value Proposition in Context

16. Industry Dynamics
Larry Miller
President & CEO

17. Industry Snapshot
17
We are a leader in an industry with great opportunity
Aging population driving both at-need and pre- need demand
$22 billion industry
Healthy historical and projected growth
80% of properties are owned by independents
Only a few scale players
No new supply
Significant financial and operating regulations
Favorable Demographics
Large and Growing Market
Fragmented Ownership
Substantial Barriers to Entry

18. Demographic Tailwinds
18
Source: Department of Health and Human Services.
ANNUAL BIRTHS IN THE U.S. (1930-1960)
Aging of the Baby Boom Generation will:
1.Accelerate the death rate  at-need sales
2.Expand our target pre-need market (55 to 65 age range)
−More financially stable and resilient to economic downturns
−Beginning to think of legacy
Source: U.S. Department of Commerce Census Bureau.
PROJECTED U.S. POPULATION OVER 55
87
98
106
112
118
130
2015
2020
2025
2030
2035
2040
(in millions)
1.5
2.0
2.5
3.0
3.5
4.0
4.5
(in millions)

19. Cemeteries, 10,500, 27%
Funeral Homes & Crematories 22,000, 73%
$16 billion
$6 billion
Source: National Funeral Directors Association.
Source: National Funeral Directors Association; U.S. Census Bureau.
$22 Billion Market
DEATH CARE MARKET SIZE
19
Large and Growing Industry
CONTINUED GROWTH
2.1
2.4
2.6
3.3
1990
2000
2010
2030P
Deaths in the U.S. (millions)
Industry growth driven by demographics and supported by ever- present demand for memorialization and celebrations of life

20. 20
Cremation projected to rise to >50% of total deaths in the U.S. by 2020
–Well established trend presents a slight headwind for traditional cemetery burials
However, also represents a key component of our growth strategy
–Western society still memorializes life regardless of the method of disposition
0%
10%
20%
30%
40%
50%
60%
70%
80%
1995
2000
2005
2010
2015
2020
2025
Cremation as a Percentage of Total Deaths
RISE IN CREMATION…
Stronger linkage between cremation and memorialization options
−Cremation gardens
−Cremation related products and services
Increased land utilization
Higher profit margins
Cremation: Friend (not Foe)
Source: National Funeral Directors Association.
…CREATES OPPORTUNITY

21. 21
Highly Fragmented Ownership
LARGEST PUBLIC CEMETERY OPERATORS
As the only cemetery-focused scale player, we are uniquely well-positioned to execute on our consolidation strategy
Source: SEC company filings; National Funeral Directors Association.
Source: Raymond James Research & National Association of Funeral Directors. (1) Includes non-public consolidators.
OWNERSHIP BREAKDOWN
Owned by Consolidators, 20% (1)
Independent Operators, 80%
Ownership of deathcare facilities is highly fragmented
−Majority of cemetery owners are non-economic in nature (e.g. religious or municipal)
Cemeteries
Funeral Homes
Ratio
SCI
489
1,614
1 : 3.3
StoneMor
303
98
3 : 1
Carriage
32
167
1 : 5

22. 22
Substantial Barriers to Entry
Scarcity and cost of real estate near densely populated areas
Zoning restrictions
Initial capital requirements
Strength of family tradition and heritage
Administratively complex business for new entrants
CEMETERY BARRIERS
FUNERAL HOME BARRIERS
Licensing requirements
Funeral homes are part of the community
Strength of family tradition and heritage
Only an experienced, well-capitalized acquirer like StoneMor can gain share in this industry

23. Growth Strategy
Larry Miller
President & CEO

24. Our Acquisition Approach
24
Disciplined target selection – “never break the model”
Strategic locations to create and / or enhance market clusters
Cemetery
−25+ year sales life
−200+ annual interments
Seasoned, professional management
Consolidate office functions into home office
Institute pre-need sales program
Leverage buying power to reduce product costs
Professional trust fund management
Philosophy
Target Criteria
Integration
Funeral
−150+ Annual Calls
−Strong legacy
Accretive from day one
IRR > cost of capital

25. Proven Acquisition Track Record
25
175 cemeteries and 100 funeral homes acquired since 2004 IPO(1)
–Record year in 2014
Target acquisition multiples of 4x – 6x EBITDA
–Every cemetery acquisition has met or exceeded plan
$16
$33
$115
$117
$124
$173
$189
$224
$247
$354
$0
$100
$200
$300
$400
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014 YTD
ACQUISITIONS SINCE IPO (CUMULATIVE PURCHASE PRICE)
# Cemeteries: # Funeral Homes:
($ in millions)
23 6
46
20
94 50
101
52
104 52
126 57
143 68
148 85
149 91
175
100
(1)Net of sales and divestitures, 171 cemeteries and 92 funeral homes acquired since 2004 IPO.
$107mm of acquisitions YTD;
Historical average of $27mm annually since IPO

26. Key Stats
13 cemeteries leased
60-year management agreement
7,000 existing burials per year
Rationale
Strengthen market position in Philadelphia backyard
Introduce pre-need sales to large and growing population
Upside from optimizing productivity of land
Significant opportunities for other Archdioceses
2014 Acquisition Highlights: Archdiocese of Philadelphia
Closed in May 2014 with $53 million initial lease payment
26

27. Key Stats
12 cemeteries, 9 funeral homes
1,140 acres of land; FL, NC, PA, VA
3,500 annual interments
1,900 annual funeral home calls
Rationale
Improve footprint in attractive markets
Upside from implementation of pre-need sales
Significant administrative synergies
$54 million acquisition closed in June 2014
2014 Acquisition Highlights: Service Corporation International
27

28. 2014 acquisitions have fortified our position across the entire metro area
2014 Acquisition Highlights: Philadelphia Market Penetration
Source: Google Maps.
AOP
AOP
AOP
AOP
AOP
AOP
AOP
AOP
AOP
AOP
AOP
AOP
AOP
SCI
SCI
SCI
28

29. Organic Growth Initiatives
29
 Continuous organic growth efforts support our acquisition strategy
SALES FORCE GROWTH
 Effective sales force management
 Thorough training in consultative pre-need sales
EXPANDED PRODUCT/SERVICE OFFERINGS
MARKETING AND CONSUMER REACH
OPTIMIZE REAL ESTATE PRODUCTIVITY
Building up
310
834
2004 2013
Commissioned Salespeople
Cremation gardens

30. Financial Strategy
Tim Yost
CFO

31. 31
We Are The Only Deathcare MLP
MLP Overview
Qualification Parameters
We use MLP status to conservatively unlock value
Our Competitive Advantage
We make distributions to unitholders on a quarterly basis
Qualifying income generated primarily from the sale of real property
−Non-qualifying activities operated through taxable subsidiaries
MLP status reviewed by IRS and confirmed in recent audit
Category
Qualifying
Non-Qualifying
Interment Rights
Burial lots
Lawn and mausoleum crypts
Cremation niches
Perpetual care rights
N/A
Merchandise
Burial Vaults
Caskets
Grave markers
Services / Other
Vault installation
Casket and other installations
Other
Interest and dividends
Funeral home sales
Patent pending for the application of the MLP structure to the cemetery business

32. 32
MLP Rationale
Highly secure assets generating reliable, predictable cash flow
OPERATIONAL ASSETS
FINANCIAL ASSETS
Perfect match of long-term operating and financial assets
Long-lived operating real estate assets
Over $341 mm of cemetery property (book value)
12,000 acres of land; average sales life of 240 years
Long-lived capital market assets
Over $840mm in perpetual and merchandise trusts
3rd party mgmt, income/preservation of capital
$349
$492
$0
$100
$200
$300
$400
$500
$600
Perpetual Trusts
Merchandise Trusts
Trust Fund Assets ($ in millions)

33. 33
Growth Through Disciplined Acquisition Underwriting
Prudent Balance Sheet Management
Deliver Reliable, Consistent Value to Unitholders
We have delivered steady, conservatively financed growth
Transformational 2014 is an inflection point toward future growth
Avg. $27mm annual acquisitions (’05-’13)
Target 4x – 6x EBITDA purchase prices
Every cemetery acquisition has met or exceeded plan
$1.90
$1.93
$2.03
$2.12
$2.22
$2.23
$2.33
$2.35
$2.39
$2.43
2005
2006
2007
2008
2009
2010
2011
2012
2013
TTM
Distributions / LP Unit
Proven Track Record
Keys to Our Success
Recent Developments
56%
43%
33%
32%
40%
36%
27%
12/08
12/09
12/10
12/11
12/12
12/13
9/14
Debt / Enterprise Value
2014 acquisitions ~4x average annual pace
AOP and SCI properties operating on plan
Well capitalized GP with AIM’s investment
2 equity raises ($120mm) to de-lever
Refinance senior notes to lower cost of debt
Distributions expected to grow by $0.01 per unit each quarter through the end of 2015
Coverage has consistently been >1.2x

34. 34
Transformative Event – AIM Investment
$130 million equity commitment from American Infrastructure MLP Funds (AIM)
–$55 million used for purchase of Archdiocese of Philadelphia properties
•Four-year non-cash common units (matches property cash flow)
–Acquisition of an indirect majority interest in our general partner
–~$50 million available for future acquisition opportunities
Capitalization of general partner facilitates growth
–Aligns us with well-capitalized MLP sector expert
–Provides capital base at the GP to access nascent assets (e.g. AOP) that have working capital needs
•Acquisitions can later be dropped down to the MLP

35. Financial Performance
Tim Yost CFO

36. 36
Strong Recent Results
PRODUCTION-BASED REVENUE
($ in millions)
ADJUSTED OPERATING PROFIT
($ in millions)
DISTRIBUTABLE FCF
($ in millions)
We deliver reliable, predictable yield with accelerating growth
We focus on three financial metrics
–Production-Based Revenue: total value of contracts written, investment and other income
–Adjusted Operating Profit: normalizes timing-related differences between GAAP and accrual
–Distributable Free Cash Flow: indicator of our ability to pay distributions to our unitholders
$296
$327
$240
$264
$0
$50
$100
$150
$200
$250
$300
$350
2012
2013
Q3'13
YTD
Q3'14
YTD
$54
$67
$47
$50
$0
$10
$20
$30
$40
$50
$60
$70
$80
2012
2013
Q3'13
YTD
Q3'14
YTD
$53
$76
$57
$50
$0
$10
$20
$30
$40
$50
$60
$70
$80
2012
2013
Q3'13
YTD*
Q3'14
YTD
*Includes $11.9 million one-time gain from legal settlement

37. ($ in millions)
($ in millions)
REVENUE
OPERATING PROFIT
37
Historical Performance
Steady growth as we have built the business through acquisitions and pre-need sales efforts
GAAP results not indicative of true financial performance
$13
$3
$10
$14
$6
$13
$36
$38
$49
$54
$67
$71
2009
2010
2011
2012
2013
Q3'14
TTM
GAAP
Old GAAP
$181
$197
$228
$243
$246
$277
$218
$247
$281
$296
$327
$350
2009
2010
2011
2012
2013
Q3'14
TTM
GAAP
Old GAAP

38. 38
Strong and Growing Asset Base
Asset base has grown while leverage has remained steady
TOTAL ASSETS AND DEBT
($ in millions)
$738
$855
$1,146
$1,249
$1,344
$1,474
$1,709
$161
$183
$220
$195
$255
$292
$270
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
2008
2009
2010
2011
2012
2013
Q3'14
Total Assets
Total Debt

39. Low-Risk Balance Sheet
39
$656
$191
$41
$154
$270
$0
$100
$200
$300
$400
$500
$600
$700
Cash, AR and
Merchandise Trust
AP and Accrued
Liabilities
Merchandise Liability
Debt
Excess Cash and Assets
NET LIQUID ASSETS
($ in millions)
Marketable assets provide full debt protection
Significant additional value from long-term assets
−Cemetery Property
•Approximately 12,490 acres, weighted average sales life of over 240 years
•$341 million book value as of September 30, 2014
−Perpetual Care Trusts
•Fund future maintenance costs
•Assets of $349 million as of September 30, 2014

40. 40
Substantial Distribution Coverage
History of sustained distributions and significant coverage
($ in millions)
ADJUSTED OPERATING PROFIT AND DISTRIBUTIONS
$36
$38
$49
$54
$67
$71
$27
$32
$45
$47
$51
$59
$13
$3
$10
$14
$6
$13
$0
$10
$20
$30
$40
$50
$60
$70
$80
2009
2010
2011
2012
2013
Q3'14 TTM
Adjusted Operating Profit
Distributions
GAAP Operating Profit
Average distribution coverage = 1.23x

41. 41
Continued Growth
3 distribution increases in the last 2 years (including last two quarters)
2-year distribution growth in line with other MLP sectors
–Per Company guidance, distributions are expected to grow by $0.01 per quarter through 2015
$1.90
$1.93
$2.03
$2.12
$2.22
$2.23
$2.33
$2.35
$2.39
$2.52
$2.68
$1.00
$1.20
$1.40
$1.60
$1.80
$2.00
$2.20
$2.40
$2.60
$2.80
2005
2006
2007
2008
2009
2010
2011
2012
2013
Q4'14E
Ann.
Q4'15E
Ann.
DISTRIBUTIONS PER LP UNIT

42. STONEMOR YIELD vs. BENCHMARK ASSET CLASSES
42
Compelling Investment Characteristics
 Transformational 2014 has reduced risk in our business
− Well-capitalized general partner, an enhanced growth profile and reduced leverage
 However, STON units still offer an attractive yield relative to the broader
MLP index and other asset classes
9.6%
5.6%
3.7% 3.4%
2.3%
2.0%
0%
2%
4%
6%
8%
10%
StoneMor Alerian MLP Index MSCI US REIT
Index
PHLX Utility Sector
Index
US 10-Year
Treasury
S&P 500
Source: Bloomberg and Index monthly reports. Market data as of 11/7/2014.
Yield Spread: 4.0% 5.9% 6.2% 7.3% 7.6%
Current Yield (%)

43. Recap – StoneMor Investment Thesis
43
Key Attributes of
High-Performing MLPs
StoneMor?
StoneMor Investment Thesis
StoneMor features the key attributes of high-performing MLPs as well as an attractive total return profile
Conservative Financial Profile
Attractive Industry Fundamentals
Defensible Competitive Advantage
Long-lived, Secure Assets
Stable and Growing
Cash Flow
Highly predictable, non-cyclical business model
40 consecutive quarterly distributions
Proven track record of accretive acquisitions
$340mm+ of cemetery property (book value)
12,000 acres of land; avg. sales life of 240 years
$841mm+ in perpetual & merchandise trusts
Scale to create leveraged market positions
Cemetery / pre-need expertise drives organic growth
MLP facilitates acquisition growth
Demographic tailwinds
Large, growing and fragmented market
Prohibitive barriers to entry
Significant, growing asset base with modest leverage
Well-capitalized general partner
Discipline in returning capital to unitholders

44. Thank You