Tallgrass Energy Partners (TEP) Wells Fargo Energy Symposium December 9, 2014
Tallgrass Energy System Overview Tallgrass Energy (consisting of Tallgrass Energy Partners, LP (TEP) and Tallgrass Development, LP (TDev)) was formed in 2012 to pursue midstream opportunities Acquired assets from predecessor in…
Tallgrass Ownership Structure Tallgrass Development continues to own and operate a substantial portfolio of midstream assets and may choose to continue to sell into TEP (i.e. drop down) components of that portfolio over time Tallgrass…
Tallgrass Energy Accomplishments Revolver Upsized to 850mm TMID Keep Whole Contract Initial S-3 Filing Conversion NYSE: TEP Commenced TIGT West End Water Business Follow-on At-the-Market Expansion Acquisition Equity Offering…
TEP Financial Performance TEP Stock Price Performance Since IPO(1) Annualized LP Distribution 42.73 21.50 (4) Total Unit Holder Return Since IPO(2) (3) TEP AMZX NYATR 5/13/2013 100.00 100.00 100.00 6/28/2013 97.67…
Sell-Side Analyst Summary TEP has a strong reputation among the sell side analysts All analysts rate TEP with a buy Average price target over 51 3 analysts (Barclays, Citi and Wells Fargo) consider or have considered TEP as one of…
TEP A Traditional, High Growth Midstream MLP Drop Downs Organic Growth Acquisitions Top Tier Growth Current Inventory: Growth projects Water business 66.7% of PXP commercialized on Constantly monitoring all assets market for assets…
TEP Segment Overview
TEP Segments (Slide 1 of 2) Natural Gas Transportation and Logistics Processing and Logistics Consists of TIGT, a FERC-regulated natural gas Processing and treating transportation and storage system, and Trailblazer, a 190 mmcf/d of…
TEP Segments (Slide 2 of 2) Crude Oil Transportation and Logistics Overview Map Acquisition Highlights TEP acquired 33.3% preferred interest in Tallgrass Pony Express Pipeline for 600mm Preferred interest offers guaranteed minimum…
Tallgrass Development Assets
Rockies Express Currently moving both Rocky Mountain and Appalachian Basin gas and pursuing multiple growth projects Growth Projects 0.6 Bcf/d lateral from Seneca processing complex to REX Seneca Lateral Currently flowing .325 Bcf/d…
(1) Tallgrass Terminals Tallgrass Energy is utilizing the Pony Express system as an entry point into the terminals business Overview Map Sterling Terminal Located at the intersection of the Guernsey to Sterling and NECL line…
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