Tallgrass Energy EMG Annual Meeting Tallgrass Energy Partners (TEP) September 30, 2014
Tallgrass Energy System Overview Tallgrass Energy was formed in 2012 to pursue midstream opportunities Acquired assets from Kinder Morgan in November 2012 as part of Kinder Morgans FTC-mandated divestiture process TDev contributed…
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 Energy Accomplishments Water Acquisition Revolver Upsize Acquired controlling TIGT Expansion Increased revolving interest in water Contracted for credit facility to business providing 2mm annual Adj. 850mm services to…
Tallgrasss Execution of Stated Strategic Plan Tallgrass Update Asset Stated Plan Accomplishments Reduce commodity exposure Largest keep whole and percent of proceeds Expand current facilities contracts converted to fee based TMID…
TEP Financial Performance TEP Stock Price Performance Since IPO(1) Annualized LP Distribution 43.99 21.50 (2) Total Unit Holder Return Since IPO(3) (4) TEP AMZX NYATR 5/13/2013 100.00 100.00 100.00 6/28/2013 97.67…
TEP Disciplined and Controlled Growth Strategy TEP Financial Principals Target credit profile consistent with profiles of investment grade midstream energy companies Target Debt / Adjusted EBITDA of 3.0x 4.0x in the long term Created…
TEP Segment Overview
TEP Segments Natural Gas Transportation and Logistics Segment Processing and Logistics Segment Consists of 2 FERC-regulated natural gas transportation Processing and treating & storage systems 190 mmcf/d of processing capacity in the…
TEP Segments Cont.: Crude Oil Transportation and Logistics Segment Overview Map Acquisition Highlights Acquired 33.3% preferred interest in the Tallgrass Pony Express Pipeline for 600mm total acquisition price Preferred interest…
Tallgrass Development Assets
Rockies Express Currently moving both Rocky Mountain and Appalachian Basin gas and pursuing multiple growth projects Growth Projects 600 mmcf/d lateral from Seneca processing complex to REX Seneca Lateral Currently flowing 250 mmcf/d…
(1) Tallgrass Terminals Tallgrass Energy is utilizing the Pony Express system as an entry point into the terminals business Sterling Terminal Located at the intersection of the Guernsey to Sterling and NECL line segments of Pony…
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