Sunoco Logistics Partners L.P. Second Quarter 2015 Earnings Conference Call August 6, 2015

Sunoco Logistics Partners L.P. Second Quarter 2015 Earnings Conference Call August 6, 2015

Forward-Looking Statements You should review this slide presentation in conjunction with the second quarter 2015 earnings conference call for Sunoco Logistics Partners L.P., held on August 6, 2015 at 8:00 a.m. ET (7:00 a.m. CT). You may listen to the audio portion of the conference call on our website at www.sunocologistics.com or by dialing (USA toll-free) 1-800-369-2171. International callers should dial 1-517-308-9315. Please enter Conference ID Sunoco Logistics. Audio replays of the conference call will be available for two weeks after the conference call beginning approximately one hour following the completion of the call. To access the replay, dial 1-866-463-4974. International callers should dial 1-203-369-1409. During the call, those statements we make that are not historical facts are forward-looking statements. These forward-looking statements are not guarantees of future performance. Although we believe the assumptions underlying these statements are reasonable, investors are cautioned that such forward-looking statements involve risks and uncertainties that may affect our business and cause actual results to differ materially from those discussed during the conference call or in the slide presentation. Such risks and uncertainties include economic, business, competitive and/or regulatory factors affecting our business, as well as uncertainties related to the outcomes of any pending or future litigation. Sunoco Logistics Partners L.P. has included in its Annual Report on Form 10-K for the year ended December 31, 2014, and in its subsequent SEC filings, cautionary language identifying important risk factors (though not necessarily all such factors) that could cause future outcomes to differ materially from those set forth in the forward-looking statements. For more information about these risk factors, see our SEC filings, available on our website at www.sunocologistics.com. We expressly disclaim any obligation to update or alter these forward-looking statements, whether as a result of new information, future events or otherwise. This presentation includes certain non-gaap financial measures intended to supplement, not substitute for, comparable GAAP measures. Reconciliations of non-gaap financial measures to GAAP financial measures are provided in the slides at the end of the presentation. You should consider carefully the comparable GAAP measures and the reconciliations to those measures provided in this presentation. 2

2Q Highlights Record quarterly performance: $326MM Adjusted EBITDA and $264MM Distributable Cash Flow Blue Bar EBITDA has increased ~ 30% year over year Results were impacted by ~ $25MM LIFO reversal from 1Q Distributions: 2Q increase: $1.68/unit to $1.75/unit (annualized) 13 th consecutive quarterly increase of 5%; 41 st consecutive increase overall 20% increase over 2Q14 distribution of $1.46/unit (annualized) Guidance ~ 5% quarter over quarter in 2015 Sunoco Logistics will have a 30% interest in the Bayou Bridge Pipeline Sunoco Logistics will be the operator of the pipeline 2015 organic capital guidance of ~ $2.5 billion June 30, 2015 Revolver Covenant Debt-to-EBITDA of 3.3x 3

13 Consecutive Quarters of 5% Distribution Growth Guidance ~5% quarter over quarter increases in 2015 4

16 Successful Major Projects Major Organic and Joint Venture Projects: 3 West Texas Crude expansion projects (crude oil) Permian Express 1 (crude oil) Permian Express 2 (crude oil) Eaglebine Express (crude oil) Granite Wash Extension (crude oil) Permian Longview & Louisiana Extension (crude oil) Delaware Basin Extension (crude oil) Allegheny Access (refined products) Mariner West (natural gas liquids) Mariner East 1 (natural gas liquids) Mariner East 2 (natural gas liquids) Mariner South (natural gas liquids) Bakken Pipeline 30% Ownership (crude oil) Bayou Bridge Lake Charles 30% Ownership (crude oil) 5

Actively Developing Publically Disclosed Major Organic and Joint Venture Projects: Bayou Bridge St. James 30% Ownership (crude oil) Plan to launch open season in 3Q15 Mariner East 2 Expansion (natural gas liquids) Plan to launch open season in 3Q15 Permian Express 3 (crude oil) Propane Dehydrogenation ( PDH ) Unit (natural gas liquids) 6

Organic Expansion Capital 3,000 2,500 Investment ($MM) 2,000 1,500 1,000 500 0 2010 2011 2012 2013 2014 2015P Organic Expansion Capital 7

Scheduled Project Start-up 8

Mariner Franchise: 4 Successful Open Seasons Mariner East 1 Ethane / Propane from Houston to Marcus Hook 4Q 2014* Mariner West Ethane from Houston to Sarnia 4Q 2013 Mariner South Propane / Butane from Mont Belvieu to Nederland End of 2014 Mariner East 2 NGLs from Shales to Marcus Hook End of 2016** *Propane commenced 4Q14 with Ethane start-up expected in 4Q15 **Expected Start-up 9

Mariner South Natural Gas Liquids Export propane and butane from our Nederland terminal on the Gulf Coast: Joint project between SXL and Lone Star (ETP) Excellent example of synergies within Energy Transfer family Project start up end of 2014 Ramped up to full capability in 2Q15 Fee-based income Mariner South Propane / Butane from Mont Belvieu to Nederland End of 2014 10

Mariner East 1 Natural Gas Liquids A Comprehensive Marcellus Shale Solution: Natural Gas Liquids from Houston, PA to the Marcus Hook Industrial Complex Mix of Propane & Ethane Approx. 70 MB/D capacity Propane commenced operation in 4Q14 Initial capability of 10 MB/D Ramped up to 30 MB/D in second quarter 4Q15 projected start-up for full service capability Refrigeration system comes online Addition of ethane movements Fee-based income 11

Crude Projects 12

Permian Express 2 Crude Oil Additional West TX Crude Expansion: Increase takeaway capacity out of the Permian Basin Provides access to multiple markets Commenced operation in 3Q15 Currently 200 MB/D capacity Adequately sized to be expanded by another 200 MB/D Fee-based income Permian Express 2 Permian Crude to multiple markets 3Q 2015 13

APPENDIX

SXL Q2 2015 Financial Highlights (amounts in millions) Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Sales and other operating revenue $ 3,202 $ 4,821 $ 5,774 $ 9,298 Cost of products sold 2,821 4,517 5,130 8,727 Operating expenses (1) 55 28 104 69 Selling, general and administrative expenses (1) 25 22 50 52 Depreciation and amortization expense 94 74 176 143 Impairment charge and other matters (100) - (59) - Total costs and expenses 2,895 4,641 5,401 8,991 Operating Income 307 180 373 307 Interest cost and debt expense, net (52) (37) (102) (63) Capitalized interest 21 16 42 26 Other income 6 7 12 11 Income Before Provision for Income Taxes 282 166 325 281 Provision for income taxes (5) (8) (11) (13) Net Income 277 158 314 268 Net income attributable to noncontrolling interests - (2) (1) (5) Net income attributable to redeemable (1) - (1) - noncontrolling interests Net Income Attributable to Sunoco Logistics Partners L.P. $ 276 $ 156 $ 312 $ 263 (1) During the fourth quarter 2014, we adjusted our presentation of certain operating expenses and selling, general and administrative expenses to conform to the presentation utilized by ETP. These changes did not impact our net income. Prior period amounts have been recast to conform to current presentation. 15

SXL Q2 2015 Financial Highlights (amounts in millions, except per unit amounts) Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Calculation of Limited Partners' interest: Net Income attributable to Sunoco Logistics Partners L.P. $ 276 $ 156 $ 312 $ 263 Less: General Partner's interest (71) (44) (131) (82) Limited Partners' interest in net income $ 205 $ 112 $ 181 $ 181 Net Income per Limited Partner unit: Basic $ 0.83 $ 0.54 $ 0.76 $ 0.87 Diluted $ 0.83 $ 0.53 $ 0.75 $ 0.86 Weighted Average Limited Partners' units outstanding: Basic 246.7-208.4 238.9-208.2 Diluted 247.5 209.6 239.8 209.3 16

SXL Q2 2015 Financial Highlights (amounts in millions) Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Capital Expenditures: Expansion $ 486 $ 643 $ 909 $ 1,108 Maintenance 16 13 31 31 Acquisitions - 80 131 80 Investment in joint venture interests - - - 42 Total $ 502 $ 736 $ 1,071 $ 1,261 17

SXL Q2 2015 Financial Highlights (amounts in millions) June 30, December 31, 2015 2014 Balance Sheet Data: Cash and cash equivalents $ 58 $ 101 Revolving credit facilities $ 550 $ 185 Senior Notes 3,975 3,975 Unamortized fair value adjustments (1) 100 106 Unamortized bond discount (6) (6) Total debt $ 4,619 $ 4,260 Equity: Sunoco Logistics Partners L.P. Equity $ 7,592 $ 6,678 Noncontrolling interests 35 60 Total Equity $ 7,627 $ 6,738 (1) Represents fair value adjustments on our senior notes resulting from the application of push-down accounting in connection with the acquisition of our general partner by Energy Transfer Partners, L.P. on October 5, 2012. 18

SXL Non-GAAP Financial Measures (amounts in millions) Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Net Income $ 277 $ 158 $ 314 $ 268 Interest expense, net 31 21 60 37 Depreciation and amortization expense 94 74 176 143 Provision for income taxes 5 8 11 13 Non-cash compensation expense 4 3 8 8 Unrealized (gains) losses on commodity risk management activities 8 8 23 7 Amortization of excess investment in joint venture interests - 1 1 1 Proportionate share of unconsolidated affiliates' interest, depreciation and provision for income taxes 7 7 13 11 Non-cash inventory adjustments (100) - (59) - Adjusted EBITDA (1) 326 280 547 488 Interest expense, net (31) (21) (60) (37) Provision for current income taxes (2) (6) (9) (14) (16) Amortization of fair value adjustments on long-term debt (3) (4) (6) (8) Distributions versus Adjusted EBITDA of unconsolidated affiliates (8) (10) (16) (16) Maintenance capital expenditures (16) (13) (31) (31) Distributable cash flow attributable to noncontrolling interests (2) (1) (4) (2) (7) Contributions attributable to acquisition from affiliate 3 3 6 6 Distributable Cash Flow (1) (2) $ 264 $ 222 $ 424 $ 379 (1) Management of the Partnership believes Adjusted EBITDA and distributable cash flow information enhances an investor's understanding of a business s ability to generate cash for payment of distributions and other purposes. Adjusted EBITDA and distributable cash flow do not represent and should not be considered alternatives to net income or cash flows from operating activities as determined under United States generally accepted accounting principles (GAAP) and may not be comparable to other similarly titled measures of other businesses. (2) During the third quarter 2014, we changed our definition of distributable cash flow to conform to the presentation utilized by Energy Transfer Partners, L.P., the controlling member of our general partner. This change did not have a material impact on our distributable cash flows. Prior period amounts have been recast to conform to current presentation. 19

SXL Crude Oil Pipelines Financial Highlights (in millions) Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Sales and other operating revenue $ 135 $ 138 $ 270 $ 269 Adjusted EBITDA $ 89 $ 104 $ 184 $ 197 Operating Highlights Pipeline throughput (thousands of bpd) 2,174 2,130 2,149 2,086 Pipeline revenue per barrel (cents) 68.1 71.2 69.4 71.4 20

SXL Crude Oil Acquisition and Marketing Financial Highlights (in millions) Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Sales and other operating revenue $ 2,680 $ 4,432 $ 4,888 $ 8,526 Adjusted EBITDA $ 41 $ 53 $ 72 $ 65 Operating Highlights Crude oil purchases (thousands of bpd) 925 854 912 847 Gross profit per barrel purchased (cents) (1) 54.2 76.3 50.2 51.4 Average crude oil price (per barrel) $57.96 $102.98 $53.29 $100.81 (1) Represents total segment sales and other operating revenue less cost of products sold and operating expenses, divided by total crude oil purchases. 21

SXL Terminal Facilities Financial Highlights (in millions) Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Sales and other operating revenue $ 393 $ 283 $ 637 $ 570 Adjusted EBITDA $ 140 $ 97 $ 192 $ 183 Operating Highlights Terminal throughput (thousands of bpd): Refined products terminals 425 420 424 416 Nederland terminal 1,311 1,216 1,305 1,269 Refinery terminals 281 345 229 286 22

SXL Products Pipelines Financial Highlights (in millions) Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Sales and other operating revenue $ 77 $ 40 $ 140 $ 81 Adjusted EBITDA $ 56 $ 26 $ 99 $ 43 Operating Highlights (1) (2) Pipeline throughput (thousands of bpd) 686 497 638 477 Pipeline revenue per barrel (cents) 124.5 88.2 121.9 94.2 (1) Excludes amounts attributable to equity interests which are not consolidated. (2) Prior period pipeline throughput volumes have been recast to exclude certain pipeline movements which result in revenues that are not material. Management believes the exclusion of such volumes provides a revenue per barrel amount that is more meaningful in analyzing the results of the Products Pipelines segment. 23

SXL Key Financial and Operating Statistics Financial highlights (in millions) Sales and other operating revenue 2011 2012 2013 2014 2015 Total Total 1st 2nd 3rd 4th Total 1st 2nd 3rd 4th Total 1st 2nd Total Crude Oil Pipelines $ 319 $ 398 $ 95 $ 122 $ 139 $ 139 $ 495 $ 131 $ 138 $ 144 $ 142 $ 555 $ 135 $ 135 $ 270 Crude Oil Acquisition and Marketing 10,163 12,146 3,259 4,047 4,244 3,968 15,518 4,094 4,432 4,497 3,395 16,418 2,208 2,680 4,888 Terminal Facilities 435 612 183 176 177 215 751 287 283 298 356 1,224 244 393 637 Products Pipelines 130 131 30 32 34 34 130 41 40 46 51 178 63 77 140 Intersegment eliminations (142) (177) (55) (66) (66) (68) (255) (76) (72) (70) (69) (287) (78) (83) (161) Total sales and other operating revenue $ 10,905 $ 13,110 $ 3,512 $ 4,311 $ 4,528 $ 4,288 $ 16,639 $ 4,477 $ 4,821 $ 4,915 $ 3,875 $ 18,088 $ 2,572 $ 3,202 $ 5,774 Adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA) Crude Oil Pipelines $ 207 $ 275 $ 61 $ 88 $ 98 $ 102 $ 349 $ 93 $ 104 $ 95 $ 85 $ 377 $ 95 $ 89 $ 184 Crude Oil Acquisition and Marketing 148 239 112 70 18 33 233 12 53 66 32 163 31 41 72 Terminal Facilities 149 225 54 70 47 62 233 86 97 61 102 346 52 140 192 Products Pipelines 69 71 9 16 18 13 56 17 26 24 18 85 43 56 99 Total Adjusted EBITDA $ 573 $ 810 $ 236 $ 244 $ 181 $ 210 $ 871 $ 208 $ 280 $ 246 $ 237 $ 971 $ 221 $ 326 $ 547 Operating highlights Crude Oil Pipelines Pipeline throughput (thousands of barrels per day "bpd") 1,587 1,556 1,582 1,890 1,976 2,009 1,866 2,041 2,130 2,204 2,122 2,125 2,124 2,174 2,149 Pipeline revenue per barrel (cents) 55.0 69.9 67.0 70.8 76.3 75.2 72.7 71.6 71.2 70.8 72.7 71.6 70.8 68.1 69.4 Crude Oil Acquisition and Marketing Crude oil purchases (thousands of bpd) 663 673 750 796 716 734 749 840 854 894 903 873 898 925 912 Gross profit per barrel purchased (cents) (1) 68.1 106.9 175.3 105.1 37.1 60.1 94.9 25.7 76.3 89.3 48.8 60.5 46.0 54.2 50.2 Average crude oil price (per barrel) $ 95.14 $ 94.19 $ 94.34 $ 94.23 $ 105.82 $ 97.50 $ 98.00 $ 98.61 $ 102.98 $ 97.21 $ 73.12 $ 92.92 $ 48.57 $ 57.96 $ 53.29 Terminal Facilities (thousands of bpd) Refined products terminals throughput 492 487 414 454 432 422 431 413 420 420 404 414 423 425 424 Nederland terminal throughput 757 724 850 932 968 977 932 1,322 1,216 1,262 1,135 1,233 1,298 1,311 1,305 Refinery terminals throughput 443 380 325 444 495 324 397 226 345 297 282 288 178 281 229 Products Pipelines (2)(3) Pipeline throughput (thousands of bpd) 479 515 456 523 518 504 501 457 497 506 497 489 589 686 638 Pipeline revenue per barrel (cents) 74.4 69.6 71.9 67.7 71.6 74.3 71.3 100.8 88.2 98.4 110.6 99.5 118.8 124.5 121.9 24

SXL Key Financial and Operating Statistics Reconciliation of Segment Operating Income to Net Income Attributable to Sunoco Logistics Partners L.P. (in millions) 2011 2012 2013 2014 2015 Total Total 1st 2nd 3rd 4th Total 1st 2nd 3rd 4th Total 1st 2nd Total Operating income (loss): Crude Oil Pipelines $ 181 $ 231 $ 38 $ 65 $ 74 $ 80 $ 257 $ 68 $ 79 $ 68 $ 59 $ 274 $ 67 $ 61 $ 128 Crude Oil Acquisition and Marketing 137 203 100 57 5 22 184 (1) 39 51 (213) (124) (49) 130 81 Terminal Facilities 85 180 31 46 27 27 131 60 59 52 48 219 32 88 120 Products Pipelines 20 5 (4) (3) (2) (3) (12) - 3 1 (6) (2) 16 28 44 Total segment operating income (loss) 423 619 165 165 104 126 560 127 180 172 (112) 367 66 307 373 Interest expense, net (89) (79) (19) (17) (22) (19) (77) (16) (21) (14) (16) (67) (29) (31) (60) Other income 13 23 2 7 7 5 21 4 7 7 7 25 6 6 12 Provision for income taxes (25) (32) (6) (9) (8) (7) (30) (5) (8) (8) (4) (25) (6) (5) (11) Net income (loss) 322 531 142 146 81 105 474 110 158 157 (125) 300 37 277 314 Net income attributable to noncontrolling interests (9) (11) (2) (3) (3) (3) (11) (3) (2) (2) (2) (9) (1) - (1) Net income attributable to redeeemable noncontrolling interests - - - - - - - - - - - - - (1) (1) Net income (loss) attributable to Partners $ 313 $ 520 $ 140 $ 143 $ 78 $ 102 $ 463 $ 107 $ 156 $ 155 $ (127) $ 291 $ 36 $ 276 $ 312 Reconciliation of Net Income to Adjusted EBITDA and Distributable Cash Flow (in millions) Net income (loss) $ 322 $ 531 $ 142 $ 146 $ 81 $ 105 $ 474 $ 110 $ 158 $ 157 $ (125) $ 300 $ 37 $ 277 $ 314 Add: Interest expense, net 89 79 19 17 22 19 77 16 21 14 16 67 29 31 60 Add: Depreciation and amortization expense 86 139 64 64 68 69 265 69 74 77 76 296 82 94 176 Add: Impairment charge 31 9 - - - - - - - - - - - - - Add: Provision for income taxes 25 32 6 9 8 7 30 5 8 8 4 25 6 5 11 Add: Non-cash compensation expense 6 8 4 2 4 4 14 5 3 4 4 16 4 4 8 Add: Unrealized (gains)/losses on commodity risk management activities (2) 3 (3) (1) (8) 11 (1) (1) 8 (21) (3) (17) 15 8 23 Add: Amortization of excess joint venture investment - - - 1-1 2-1 1-2 1-1 Add: Proportionate share of unconsolidated affiliates interest, depreciation and provision for income taxes 16 21 4 6 6 4 20 4 7 6 7 24 6 7 13 Add: Non-cash inventory adjustments - - - - - - - - - - 258 258 41 (100) (59) Less: Adjustments to commodity hedges resulting from "push-down" - - accounting - (12) - - - - - - - - - - - Less: Non-cash accrued liability adjustment - - - - - (10) (10) - - - - - - - - Adjusted EBITDA 573 810 236 244 181 210 871 208 280 246 237 971 221 326 547 Less: Interest expense, net (89) (79) (19) (17) (22) (19) (77) (16) (21) (14) (16) (67) (29) (31) (60) Less: Provision for current income taxes (4) (27) (34) (7) (4) (7) (6) (24) (7) (9) (9) (4) (29) (8) (6) (14) Less: Amortization of fair value adjustments on long-term debt - (6) (6) (6) (5) (6) (23) (4) (4) (3) (3) (14) (3) (3) (6) Less: Distributions versus Adjusted EBITDA of unconsolidated affiliates (17) (28) (3) (8) (10) (6) (27) (6) (10) (10) (9) (35) (8) (8) (16) Less: Maintenance capital expenditures (42) (50) (4) (18) (15) (16) (53) (18) (13) (16) (29) (76) (15) (16) (31) Less: Distributable cash flow attributable to noncontrolling interests (4) (10) (11) (3) (5) (5) (3) (16) (3) (4) (3) (2) (12) (1) (1) (2) Add: Acquisition costs reimbursement - - - 3 3 3 9 3 3 3 3 12 3 3 6 Distributable Cash Flow (4) $ 388 $ 602 $ 194 $ 189 $ 120 $ 157 $ 660 $ 157 $ 222 $ 194 $ 177 $ 750 $ 160 $ 264 $ 424 (1) (2) Represents total segment sales and other operating revenue minus cost of products sold and operating expenses divided by total crude purchases. Excludes amounts attributable to equity ownership interests which are not consolidated. (3) (4) Prior period pipeline throughput volumes have been recast to exclude certain pipeline movements which result in revenues that are not material. Management believes the exclusion of such volumes provides a revenue per barrel amount that is more meaningful in analyzing the results of the Products Pipelines segment. During the third quarter 2014, we changed our definition of distributable cash flow to conform to the presentation utilized by Energy Transfer Partners, L.P., the controlling member of our general partner. This change did not have a material impact on our distributable cash flows. Prior period amounts have been recast to conform to current presentation. 25