Targa Resources Investor Presentation Fourth Quarter 2014 February 13, 2015
Additional Information Additional Information and Where to Find It In connection with the proposed transaction, Targa Resources Corp. (TRGP) will file with the U.S. Securities and Exchange Commission (the SEC) a registration statement on…
TRP and TRC Performance TRP Total Return Since 2010(1) TRP Distributions NGLS Out/(Under) 3.50 16% 3% 2% 21% -9% 60% Performance vs. AMZ 3.19 3.24 Annualized Distributions per LP Unit 3.25 3.12 3.05 2.93 2.99 50% 3.00 2.86…
Targa Current Corporate Structure Targa Resources Corp. (NYSE: TRGP) (TRC or the Company)(1) 100% Indirect Ownership 10.9% LP Interest (12,945,659 LP Units) Targa Resources GP LLC Public Unitholders 89.1% LP Interest 2.0%…
Well Positioned for 2015 and Beyond Targa / Atlas Transaction expected to close February 28, 2015 Pro forma, a broader footprint in A Strong Footprint in And a Leading Position Drive Targas attractive basins Active Basins at…
Targas G&P Assets are Well Positioned Field G&P Targas G&P assets are Permian: Leadership located in and around positions across the some of the most basin (east, southwest and west) attractive shale / North Texas: Growing…
Producer Activity Drives NGL Flows to Mont Belvieu NGL flows to Mont Belvieu from multiple basins expected to increase Petrochemical investments, fractionation and export services will continue to clear additional supply…
Major Announced Capital Projects and Preliminary 2015 Capex Over 1 billion of projects completed in 2013 and approximately 1 billion completed in 2014 Additional high quality growth projects under development for 2015 and beyond, with…
Major Capital Projects Under Development In current environment, Targa is focused on capital efficiency and flexibility Over 2 billion of additional opportunities are in various stages of development Opportunities include additional…
Strong Growth in Fee-Based Margin Continues Increasing Fee-Based Margin Provides Additional Stability to Our Business 219 150% 211 140% ( in millions) 200 130% 187 120% 164 110% Approximately 69% of 160 150 100% operating…
Diversity and Scale Mitigate Commodity Price Changes Adjusted EBITDA vs. Commodity Prices Growth has been driven by investing in the Adjusted EBITDA WTI Crude Oil Prices business, not by changes in commodity 1,100 130 prices 1,000…
Targa Leverage and Liquidity Liquidity(1) 1,400 Completed 800 million 4.125% unsecured notes offering in October 1,200 2014 1,000 Pro forma for offering, liquidity as of in Millions 800 December 31, 2014 is 1.28 billion…
TRP Capitalization and Liquidity Actual Actual Cash and Debt Maturity Coupon 9/30/2014 Adjustments 12/31/2014 Cash and Cash Equivalents 72.4 72.4 Accounts Receivable Securitization Dec-15 237.6 (54.8) 182.8 Revolving Credit…
Targa Business Division and Segment Review
Field Gathering and Processing Segment Summary 11,758 miles of pipeline across attractive positions in the Permian Basin, Williston Basin and Barnett Shale Approximately 1,350 MMcf/d of gross processing capacity at the end of…
Attractive Footprint Across the Permian Basin Summary Footprint Targa has 6,700 miles of pipeline and 784 MMcf/d of gross processing capacity across the Permian Basin 200 MMcf/d High Plains Plant placed in service in June 2014…
Well Positioned in North Texas Summary Footprint 4,500 miles of pipeline and 478 MMcf/d of gross processing capacity in North Texas 200 MMcf/d Longhorn Plant placed in service in May 2014 Well positioned in the liquids-rich…
Badlands High Quality, Fee-Based Assets Summary Footprint System currently consists of oil gathering pipeline and terminal system, and natural gas gathering and processing operations, in McKenzie, Dunn and Mountrail Counties, North…
Coastal Gathering and Processing Summary Footprint LOU (Louisiana Operating Unit) 440 MMcf/d of gas processing (180 MMcf/d Gillis plant, 180 MMcf/d Acadia plant and 80 MMcf/d Big Lake plant) Fractionation interconnected to LCF…
Logistics Assets Extensive Gulf Coast Footprint Fractionators Gross Net Capacity Capacity (MBbl/d) (MBbl/d)(2) CBF - Mont Belvieu(1) Trains 1-3 253 223 Backend Capacity 40 35 Train 4 100 88 GCF - Mont Belvieu 125 47 Total - Mont…
Targas Galena Park Marine Terminal Effective Export Capacity Phase I expansion completed in September 2013 Phase II expansion completed in September 2014 Phase II expansion was completed in stages Additional 12 pipeline,…
Demand for Exports Continues U.S. Propane(1) 160 0.80 140 0.70 U.S. Gulf Coast propane and butane have 0.60 120 0.50 been favorably priced compared to world MMBbls 100 markets over the last several years /gal 0.40 80…
Petroleum Logistics Highlights Expanding TRPs presence along the Houston Ship Channel through TRPs Channelview Terminal and Patriot Terminal Agreements with Noble Americas Corp. to build a storage terminal at Patriot, condensate…
Marketing and Distribution Segment Marketing and Distribution Highlights NGL and Natural Gas Marketing Manage physical distribution of mixed NGLs and specification products using owned and third party facilities Manage inventories…
Appendix
Non-GAAP Measures Reconciliation Adjusted EBITDA The Partnership and Targa define Adjusted EBITDA as net income attributable to Targa Resources Partners LP before: interest; income taxes; depreciation and amortization; gains or losses on…
Non-GAAP Reconciliation 2014 EBITDA and Gross Margin The following table presents a reconciliation of Adjusted EBITDA and operating margin to net income (loss) for the periods shown for TRP: Year Ended December 31, 2014 2013…
Non-GAAP Reconciliation DCF The following table presents a reconciliation of reported distributable cash flow to net income (loss) for the periods shown for TRP: Three Months Ended ( in millions) 31-Mar 30-Jun 30-Sep 31-Dec 31-Mar…
Non-GAAP Reconciliation 2010-2011 Fee-Based Margin The following table presents a reconciliation of operating margin to net income (loss) for the periods shown for TRP: Three Months Ended 3/31/2010 6/30/2010 9/30/2010 12/31/2010…
Non-GAAP Reconciliation 2012-2014 Fee-Based Margin The following table presents a reconciliation of operating margin to net income (loss) for the periods shown for TRP: Three Months Ended 3/31/2012 6/30/2012 9/30/2012 12/31/2012…
Loading...
