Partnering Between the Rail and Pipeline Industry

Terry Doherty Director of Rail Strategy North American Crude Market and Storage Summit Houston TX June 29-July 1, 2015

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This presentation may include forward looking statements within the meaning of Section 21A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934 as amended. Except for the historical information contained herein, the matters discussed in this presentation include forward looking statements. These forward looking statements are based on the Partnership’s current assumptions, expectations and projections about future events, and historical performance is not necessarily indicative of future performance. Although Genesis believes that the assumptions underlying these statements are reasonable, investors are cautioned that such forward-looking statements are inherently uncertain and necessarily involve risks that may affect Genesis’ business prospects and performance, causing actual results to differ materially from those discussed during this presentation. Genesis’ actual current and future results may be impacted by factors beyond its control. Important risk factors that could cause actual results to differ materially from Genesis’ expectations are discussed in Genesis’ most recently filed reports with the Securities and Exchange Commission. Genesis undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information or future events. This presentation may include non-GAAP financial measures. Please refer to the presentations of the most directly comparable GAAP financial measures and the reconciliations of non-GAAP financial measures to GAAP financial measures included in the end of this presentation.

Risks and Forward-Looking Statements

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Genesis Business Segments

Marine Transportation

Supply & Logistics Refinery Services

Genesis Energy is a diversified midstream energy MLP focused on offering high quality, safe, and efficient crude oil transportation services

  Transportation & supply of crude oil and CO2

  Ownership in ~770 miles of inland pipelines

  Sulfur removal services located at refineries

  Production of sodium hydrosulfide for delivery to Mining and Pulp and Paper

  Terminals in US, Canada, S.A

  Crude oil terminals with ~2.9 mmbbl storage along with ~.9 mmbbl for refined products

  Truck fleet of ~285 trucks

  Rail logistic services including 500 Coil Insulated tank cars

Onshore Pipeline Transportation

Offshore Pipeline Transportation

  Own interests in Crude Oil pipelines and infrastructure located in the Gulf of Mexico

  ~1200 miles of offshore pipelines serving gulf production

  Inland marine fleet of 62 barges

  Offshore fleet of 9 boats/9 barges

  Acquisition of 330 MBBL Aframax ship !

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Genesis Entered The Crude by Rail Market in 2012

Lower Capital than Building a Pipeline

Less Environmental & Regulatory Risk

Short Construction Time

Supply Optionality for Refineries

Product Integrity

Right Barrel to the Right Market

With growing North American crude oil production and pipeline limitations, Genesis is taking advantage of the CBR opportunity

Genesis Focus: The Right Crude to the Right Market

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  Genesis is well positioned to serve the US Gulf Coast refineries

  Terminals are built to handle light, medium and heavy crudes

  Ready for the Neat Bitumen challenge

  Prepared for Crude Oil exports

  Focus on pipeline delivery to refinery

  Multiple Class 1 RR access is a must

  Suite of services includes barge, pipelines, trucks and terminals

  Dual served Class 1 rail terminals will always have an advantage

  Rail price competition can make or break some deals

  Rail competition offers the option to use the best performing Railroad

  Competitive access offers service disruption alternatives

  Multiple carrier access improves supply and market optionality

  Competition always gives your business a higher priority

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Genesis Always Has Competitive Rail Access in Mind

  Brutal winter impact on cycles and fleet sizing   Compounded by record grain crops and RRs

operating with tight resources   We had to compete for RR assets against the

lobbying efforts of other business segments.

  Drop in crude oil prices reduced production   Tank cars were forced into storage in record

volumes and at very high storage pricing

  Crude oil prices will improve   Major Canadian production surge in 2016-2019   Pipeline takeaway capacity will remain tight   New tank car regs may impact fleet sizing

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Do we have the right number of tank cars?

Not$enough$cars$in$2013/2014$$

Too$many$cars$in$2015$

Beyond$2015$???$

The New DOT 117 tank car New!Feature! Descrip/on!of!New!Built!DOT!117!Going!Forward!Capacity! 286,000!lb!capable!car!!

Wall!Thickness! 9/16!inch!steel!vs!current!CPC!1232!cars!of!7/16!inches!

Thermal!Protec/on! Thermal!Protec/on!protect!cars!from!fire!for!a!/me!during!a!derailment!

Jacke/ng! New!weather!/ght!steel/!material!to!add!a!further!layer!of!protec/on!

Head!Shield! Full!½!inch!thick!steel!head!shield!vs!current!½!in!head!shield!on!CPC!1232!cars!

BoRom!Outlet!Design! Design/removal!of!boRom!outlet!valve!prevents!breaking!during!a!derailment!

Braking!System! New!Advanced!Braking!System!for!cars!

Top!FiTngs! Improved!top!fiTng!protec/on!from!rollovers!

Poten=al$Impact$on$all$of$us$

!!!!!

Summary!of!what!the!new!regula/ons!suggest!!

  The!new!DOT!117!tank!car!and!retrofit!schedules!for!current!fleet!  More!accurate!classifica/on!of!unrefined!petroleum!based!products!!  Rail!rou/ng!risk!assessments!  Rail!rou/ng!no/fica/on!process!improvements!  Reduced!opera/ng!speeds!determined!by!various!criteria!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!Industry!Reac/on!!  API,!RRs!and!other!organiza/ons!are!pushing!back!including!lawsuits!!

  Proposed!braking!systems!are!unproven!as!beneficial!!  Sugges/ng!a!longer!retrofit!/me!frame!for!DOT!111/CPC!1232!cars!needed!!  Loosening!of!opera/onal!restric/ons!on!the!railways!

  For!those!of!us!who!have!not!paid!aRen/on!to!their!leases!and!have!DOT!111/!CPC!1232!cars!lease!costs!increase!upon!retrofit!under!a!“mandated!regula/on!clause”.!We!es/mate!a!500!car!fleet!with!retrofit!cost!of!$90,000!per!car!that!your!annual!lease!costs!increase!to!be!~$9!million!per!year.!Can!you!afford!that???!!

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Wink

Natchez Walnut Hill Scenic Station

Pronghorn

Key

Operating

Under Construction

Raceland

Genesis Crude by Rail Terminals

Scenic Station Natchez Raceland Walnut Hill Pronghorn Wink

Status •  Operating •  Operating •  Under

Construction •  Q1 2015 start up

•  Operating •  Operating •  Operating

Railroad Access

•  CP via KCS •  CN •  CN via NTZR •  BNSF

•  UP •  BN/CN/CSX/NS/KCS via

AGR •  UP via Class 1/AGR

•  UP •  BNSF •  UP via TNMR

Delivery Points

•  XOM Anchorage Tank Farm

•  GEL Port of BR Terminal

•  Barge Loading on the Mississippi

•  Genesis Pipeline •  XOM Pipeline

•  Genesis’ Jay Pipeline system to Mobile, AL

•  Western / Gulf Coast / East Coast Refineries via Rail

•  West Coast / Gulf Coast Refineries via Rail

Niobrara

USGC Market

Permian

!!

Phase 1 :Scenic Station Rail Terminal and Port Hudson Barge /Truck Terminal

XOM Baton Rouge Refinery (506 kbd)

Port Hudson Truck Station

Baton Rouge Terminal ~1.1 Million Barrels of Stg

LA

XOM Anchorage Tank Farm

KCS

CN

Port Hudson Marine Terminal

Placid Refinery (60 kbpd)

Port of Greater Baton Rouge Aframax Class Ships/Barges

Scenic Station Unit Train Facility

Phase 2

Baton Rouge: Creating a World Class Logistics Hub

Phase 1

  Accepted first unit train June 27, 2014

  Unit Train unload rate less than 15 hours

  Competitive rail access: CN and CP/KCS

  Double loop with unloading of 140 kbpd

  Scenic Station has ~440 kbbl of stg

  Port Hudson has ~416 kbbl of storage

  New 18 mi, 24” pipeline connecting Port Hudson to Scenic and Anchorage

KCS

Scenic Station Unit Train Unloading Rack

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  Enclosed facility with 20 unload spots expandable to 40 or 80 unload spots

  Current trains unloading on average at 12-14 hours per train

  ~1.1 Million barrels of storage

with expansion capability

  Pipeline connected to the Port of Baton Rouge, our Scenic Station unit train terminal and Port Hudson

  Capable of handling Aframax size ships

  Expected start-up Q3 2015

Baton Rouge: Creating a World Class Logistics Hub

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Phase 2: Construction of new Crude Oil import/export terminal

Port!of!Baton!Rouge!

Raceland, LA Rail Terminal (Under Construction)

  Designed to handle 2 UTs per day

  Unloading capacity of ~140 kbbl/day

  2 Parallel 118-car tracks

  3-135 kbbl tanks and 1-110 kbbl tank

  Terminal is served by BN and UP

  Will accept Canadian and US Crudes

  Completion expected Q4 2015

  Pipeline access to over 2 Million barrels per day of refining capacity

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Rail!Track!Construc/on!

Tank!Construc/on!Near!Comple/on!

The Raceland Advantage

$$$$$$$$$$$$$!

$$$$$$$$$$$$! $$$$$$$$$$$$$$$$$$$$!

$$$$$$$$$$$$$!$$$$$$$$$$$To$Bakken$Producers$  Direct!BN!route!from!North!Dakota!  Car!cycle!and!fleet!size!improvement!!  Single!line!rail!pricing!improvement!!  Access!to!+2!Mill!BBLS!of!refining!cap!  Op/on!if!eastern!US!markets!shrink!!!!!!!!!

$$$$$$$$$$$$$$$$$$$$$$$$$$$To$Canadian$Producers$  Refinery!appe/te!for!Canada’s!heavy!oil!!!  BN,!UP,!CN!and!CP!compe//ve!op/ons!  Canadian!produc/on!surge!is!coming!  Access!to!+2!Mill!BBLS!of!refining!cap!  A!Neat!Bitumen!op/on!$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

$$$$$$$$$$$$$$$$$To$Refineries$$  BN,!UP,!CN!and!CP!access!to!mul/ple!

crude!grades!and!producers!  Desirable!Crude!Oil!pipeline!delivery!

system!  A!neat!Bitumen!op/on!

$$$$$$$$$$

$$$$$$$$$$$To$Niobrara$Producers$$

  Access!to!a!BN/UP!served!terminals!  Niobrara!displacing!some!Bakken!  Compe//ve!terminal!and!rail!pricing!!  +2!Mill!BBLS!of!refining!capacity!  Op/on!if!Eastern!US!markets!shrink!

Houma

Clovelly

St. James

Houston to Clovelly/St. James 22”

Clovelly to N

orco 24”

Raceland

Houma to Clovelly 24”

Raceland Connectivity to Lower Mississippi Refineries

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~730 kbpd

~405 kbpd ~565 kbpd

  Unit Train terminal commenced operations December 2013

  Located in the Powder River Basin Shale Play

  3 x 110 kbbl tanks

  Double loop track capable of handling 2-120 car trains per day

  Located in Converse County and served by BNSF and UP

  Capable of receiving crude via Genesis pipelines and trucks

Map

Pronghorn

Existing GEL Pipelines

To West Coast

To East Coast

Pronghorn Wyoming Rail Terminal (Operating)

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Pronghorn Crude by Rail Terminal

Unit!Train!Departure!

New!Tank!Construc/on!

Unit!Train!Departure!Unit!Train!Departure!!

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Walnut Hill Rail Terminal (Operating)   Genesis operates crude oil unit train terminal at Walnut Hill, FL

  Location allows pipeline access to regional refineries in AL and MS along with Mobile’s import/export terminal capability

  Multiple Class 1 connections via the Alabama Gulf Coast Railway shortline : BNSF, CN, KCS, CSX and NS railroads

  Designed to handle 1 train per day with expansion capability

  2 -100 kbbl tanks connected to Genesis Jay Pipeline system

Walnut Hill Rail Facility

MS AL

FL

Ten Mile

PAA Pipeline

Pascagoula Mobile, Al

Walnut Hill Off-load

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  CBR terminal in Natchez, MS handling both unit train and manifest shipments

  Designed to handle Railbit and Dilbit and many of the more difficult Crudes to handle

  Facilitates the movement of Canadian crudes to high value Gulf Coast markets

  Located on Mississippi River providing access to local refineries via barge

  Located on Natchez Railway which is a short-line connected to CN

  Facility operational as of January 2013 with the following amount of storage:

•  1-100 kbbl Tank

•  2-50 kbbl Tanks

•  5-30 kbbl Tanks

Natchez Rail Terminal (Operating)

Natchez

Jackson

Brookhaven

MS LA

CN

Gulf Coast Refineries

From Memphis

NTZR

Mis

siss

ippi

Riv

er

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Natchez Unloading Racks

  Commenced operation of CBR terminal in Wink, Texas - March 2014   Located in the Permian Basin and served by the UP-TNMR   Expansion to 140 car capacity unit train capability in 2014   Storage capacity (with expansion capability):

  1-100 kbbl tank   1-50 kbbl tank

  Target markets are the West Coast and USGC refineries

Wink Rail Terminal (Operating)

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!Genesis Marine: Compliments Our Existing Operations

$$$$$$$$$Genesis$Barge$Opera=ons$  Brown!water!barge!fleet!!consists!of!26!boats!!

and!62!inland!barges!!(30h38,000!BBL!Capacity)!!!

  Blue!water!barge!fleet!!consists!of!9!boats!and!9!coastwise!barges!(65h135,000!!BBLs!capacity)!

  New!builds!planned!for!2015!and!2016!$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$Latest$Aframax$Acquisi=on$

  In!2014,!Genesis!acquired!the!M/T!American!Phoenix!from!Mid!Ocean!Tanker!Company!for!approximately!$157!million!

  Modern,!doublehhulled,!Jones!Act!qualified!tanker!with!330,000!barrels!of!cargo!capacity!

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Genesis: Positioned to Maximize on CBR Opportunities

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  The safe handling of Crude By Rail is our number 1 priority

  Terminal design focus is on having dual rail access and pipeline delivery

  Five fully operational terminals now with Raceland complete Q4 2015

  Terminal construction focused on handling US and Canadian crudes

  Preparing for the export and neat bitumen challenges

  Customer supply chain utilizes our wide range of our assets !