Tidewater Is A Newly Formed, High Growth Midstream Company NGL Connectivity Strategy Key NGL/gas infrastructure and gas Acquire Strategic plants with proximity to multiple 1 Contracted transportation options, coupled with…
... That Currently Provides a Low-Risk Attractive Investment Opportunity Attractive Investment Opportunity Pro forma AltaGas acquisition and Very Conservative Maintaining a low-risk and highly flexible 1 Capital Structure capital…
Commitment to the NGL Value Chain And Execution of Business Plan Tidewater will aggressively grow its NGL business through both organic opportunities as well as acquisitions P Closed initial public offering April 2015 Closed…
Tidewater Summary Track Record of Success Proven team can leverage upstream and downstream relationships and partner with producers to share upside with NGL pricing while securing take-or-pay or reserve dedication volume contracts…
Tidewater Facilities and Connectivity 9
Strategic Acquisition of Core Deep Basin Natural Gas Gathering and Processing Network Tidewater closed an agreement to acquire 100% of AltaGas working interests in select Deep Basin and central Alberta gas processing facilities and…
Core Facilities Experience Resilient Drilling Activity and Sustained Throughput The Deep Basin is one of the most economic plays in the Western Canadian Sedimentary Basin, with drilling activity continuing through the commodity price…
AltaGas Acquisition Holds Diverse Customer Base The Assets customer list exceeds 60 producers Provides reduced customer concentration risk on variable volumes 3 of the top 10 producers utilizing the Core Facilities are under…
Acquired Pipeline Network adds to Tidewaters Core Deep Basin Operations The Acquisition adds 2,000 kms of Tidewater Deep Basin Pipeline Network1 operational pipelines and 400 MMcf/day or processing capacity Further build out of…
January Acquisition Forming Backbone of Tidewater NGL and Natural Gas Network On January 4, Tidewater announced the acquisition of three 100% owned and operated gas/natural gas liquids extraction facilities with deep cut processing…
Production in Area of Oct. 15th Acquisition Continues to Grow From Diverse Producer Group Production still growing in depressed pricing environment, indicating strong play economics Area production dominated by Encana (ECA), with…
Overview of Original July 2015 Strategic Acquisition of a Deep Cut Gas Processing Facility In July 2015, Tidewater closed the acquisition of a 63% operated working interest in a deep cut gas processing facility (BRC) in the West Pembina…
Production in Area of Original Acquisition Continues to Grow From Diverse Producer Group Liquids rich gas production by large producers driving strong demand for deep cut facilities 15+ producers have active production in the area No…
Tidewater Is A High Growth Midstream Company Tidewater adding significantly to shareholder value on a per share basis EBITDA increased from zero to 24 MM after the first acquisition; 108% EBITDA growth since Cash flow per share…
Tidewater Relative Performance Tidewater Relative Performance1 (Share Price Performance Since Inception) 120% Tidewater 100% S&P/TSX Composite TSX Energy 80% Cdn Midstream Index 2 US MLP Midstream Index3 60% 50% 40%…
Tidewater Midstream Trading Comparables Tidewaters EV/EBITDA multiple of 7.3x trades at a large discount to its peer average of 13.7x EV/EBITDA Tidewater Midstream Trading Comparables Share Market Enterprise 17E/'16E EBITDA…
Tidewater Corporate Profile Stock Symbol TSXV: TWM Pro Forma Common Shares 277.1 million Outstanding Options and RSUs 3.8 million Insider Ownership (Fully Diluted) 4.0% Market Capitalization1 420 million Positive Working…
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