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FEBRUARY 2015 INVESTOR PRESENTATION Update – Markwest Energy Partners, L.P.

Markwest Energy Partners, L.P. · Feb 10, 2015 · 23 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. FEBRUARY 2015 INVESTOR PRESENTATION Update – Markwest Energy Partners, L.P. – slide 1
    INVESTOR PRESENTATION February 2015
  2. FEBRUARY 2015 INVESTOR PRESENTATION Update – Markwest Energy Partners, L.P. – slide 2
    NON-GAAP MEASURES D i s t r i b u t a b l e C a s h F l o w ( D C F ) , A d j u s t e d E B I T D A a r e n o n - G AAP Fi n a n c i a l M e a s u r e s , a n d s h o u l d n o t b e c o n s i d e r e d s e p a r a t e l y f r o m o r a…
  3. FEBRUARY 2015 INVESTOR PRESENTATION Update – Markwest Energy Partners, L.P. – slide 3
    K E Y I N V E S T M E N T C O N S I D E R AT I O N S Leading midstream provider with nearly 6.0 Bcf/d of HIGH-QUALITY processing capacity, 380 MBbl/d of fractionation DIVERSIFIED capacity and over 4,000 miles of pipeline ASSETS…
  4. FEBRUARY 2015 INVESTOR PRESENTATION Update – Markwest Energy Partners, L.P. – slide 4
    W H E R E W E O P E R AT E Utica In the Utica segment, we have a leading position with 925 MMcf/d of processing capacity and 160 MBbl/d of shared C2+ fractionation capacity. Growing to over 1.5 Bcf/d of processing capacity and 220…
  5. FEBRUARY 2015 INVESTOR PRESENTATION Update – Markwest Energy Partners, L.P. – slide 5
    G R O W T H D R I V E N B Y C U S T O M E R S AT I S FA C T I O N MarkWest has received the 1 rating for total customer satisfaction in every EnergyPoint Research survey since its inception in 2006 6
  6. FEBRUARY 2015 INVESTOR PRESENTATION Update – Markwest Energy Partners, L.P. – slide 6
    S H A L E P L AY S A R E D R I V I N G N AT U R A L G A S S U P P LY EIA data concludes that total U.S. Dry Natural Gas Production U.S. natural gas supply will (trillion cubic feet per year) increase by approximately 55% 40 2014…
  7. FEBRUARY 2015 INVESTOR PRESENTATION Update – Markwest Energy Partners, L.P. – slide 7
    M A R C E L L U S & U T I C A : D R I V I N G U . S . G A S S U P P LY The Marcellus & Utica account for over 20% of total U.S. Gas Supply 65 21 Marcellus & Utica Billion cubic feet per day (Bcf/d) 64 Rest of U.S. Billion cubic…
  8. FEBRUARY 2015 INVESTOR PRESENTATION Update – Markwest Energy Partners, L.P. – slide 8
    MARCELLUS SEGMENT We are the largest processor and fractionator in the Processing Marcellus Shale and provide fully-integrated natural gas 3.1Bcf/d midstream services Fractionation * 286,000Bbl/d Gathering 615MMcf/d *…
  9. FEBRUARY 2015 INVESTOR PRESENTATION Update – Markwest Energy Partners, L.P. – slide 9
    M A R K W E S T M A R C E L L U S O P E R AT I O N S 27 facilities completed: 14 facilities under construction KEYSTONE COMPLEX HOPEDALE FRACTIONATION COMPLEX Butler Sarsen I 40 MMcf/d Operational (MarkWest & MarkWest Utica EMG…
  10. FEBRUARY 2015 INVESTOR PRESENTATION Update – Markwest Energy Partners, L.P. – slide 10
    UTICA SEGMENT In the Utica segment, we are partnered with The Energy & Minerals Processing Group and Summit Midstream, and have a leading position in 925MMcf/d developing fully-integrated gathering, processing, fractionation, and NGL…
  11. FEBRUARY 2015 INVESTOR PRESENTATION Update – Markwest Energy Partners, L.P. – slide 11
    M A R K W E S T U T I C A O P E R AT I O N S 8 facilities completed: 5 facilities under construction HOPEDALE FRACTIONATION COMPLEX MWE Gathering System (MarkWest & MarkWest Utica EMG shared MWE Utica Complex fractionation…
  12. FEBRUARY 2015 INVESTOR PRESENTATION Update – Markwest Energy Partners, L.P. – slide 12
    U T I C A C O N D E N S AT E E X PA N S I O N MarkWest Utica EMG and Summit OHIO GATHERING & OHIO CONDENSATE MarkWest Utica EMGs Joint Venture with Summit Midstream, LLC Midstream are constructing a large- Stabilization Facility…
  13. FEBRUARY 2015 INVESTOR PRESENTATION Update – Markwest Energy Partners, L.P. – slide 13
    C O N D E N S AT E S O L U T I O N S I N T H E U T I C A S H A L E OHIO GATHERING & OHIO CONDENSATE MarkWest Utica EMGs Joint Venture with Condensate will be delivered by truck and stabilized at Summit Midstream, LLC Stabilization…
  14. FEBRUARY 2015 INVESTOR PRESENTATION Update – Markwest Energy Partners, L.P. – slide 14
    I R R B Y R E S O U R C E P L AY MarkWest is focused in high IRR resource plays 75% 33% 35% 27% 27% 30% 2015 Operating Income Forecasted from 24% Marcellus & Utica 22% 25% 21% 21% 21% 20% 18% 18% 18%…
  15. FEBRUARY 2015 INVESTOR PRESENTATION Update – Markwest Energy Partners, L.P. – slide 15
    NORTHEAST NGL PRODUCTION Northeast NGL production is forecasted to exceed 1.3 million barrels per day over the next 10 years 1,400 1,200 (MBld/d) Production(MBld/d) 1,000 NGLProduction 800 600 Northeast NGL…
  16. FEBRUARY 2015 INVESTOR PRESENTATION Update – Markwest Energy Partners, L.P. – slide 16
    NGL PRODUCTION: NORTHEAST VS. U.S. Northeast NGL production is forecasted to represent 23% of total U.S. NGL production in 2024 7,000 Total Northeast Total U.S. ex. Northeast 6,000 14% 3,900 2014 Total U.S. NGL Production…
  17. FEBRUARY 2015 INVESTOR PRESENTATION Update – Markwest Energy Partners, L.P. – slide 17
    N O R T H E A S T N G L TA K E A W AY S O L U T I O N S 7.0 Mariner West U.S. NGL Supply 6.0 MI Mariner East SARNIA 5.0 PA Million Barrels Per Day 4.0 Exports Required OH SOUTH AM. MARCUS 3.0 HOOK WV 2.0 U.S. NGL…
  18. FEBRUARY 2015 INVESTOR PRESENTATION Update – Markwest Energy Partners, L.P. – slide 18
    M A R C E L Lake LU Erie S & U T I C A : F U L L - S E R V I C E C A PA B I L I T I E S MWE Marcellus Complex MWE Utica Complex MWE Gathering System KEYSTONE Rich-Gas Area OHIO ATEX Express Pipeline TEPPCO Product Pipeline…
  19. FEBRUARY 2015 INVESTOR PRESENTATION Update – Markwest Energy Partners, L.P. – slide 19
    APPENDIX
  20. FEBRUARY 2015 INVESTOR PRESENTATION Update – Markwest Energy Partners, L.P. – slide 20
    R E C O N C I L I AT I O N O F D C F & D I S T R I B U T I O N C O V E R A G E Nine Months Ended Year Ended ( in millions) 9/30/2014 12/31/2013 Net Income 115.0 40.4 Depreciation, amortization and other non-cash operating expenses…
  21. FEBRUARY 2015 INVESTOR PRESENTATION Update – Markwest Energy Partners, L.P. – slide 21
    R E C O N C I L I AT I O N O F A D J U S T E D E B I T D A LTM Ended Year Ended Year Ended ( in millions) 9/30/2014 12/31/2013 12/31/2012 Net income 111.1 40.4 217.0 Non-cash compensation expense 9.8 7.8 8.2 Unrealized (gain) loss…
  22. FEBRUARY 2015 INVESTOR PRESENTATION Update – Markwest Energy Partners, L.P. – slide 22
    R E C O N C I L I AT I O N O F N E T O P E R AT I N G M A R G I N Nine Months Ended Year Ended ( in millions) 9/30/2014 12/31/2013 Income from operations 267.1 245.9 Facility expenses 250.8 291.1 Derivative (loss) gain (7.6)…
  23. FEBRUARY 2015 INVESTOR PRESENTATION Update – Markwest Energy Partners, L.P. – slide 23
    1515 Arapahoe Street Tower 1, Suite 1600 Denver, Colorado 80202 PHONE: 303-925-9200 I N V E S T O R R E L AT I O N S : 866-858-0482 E M AI L : investorrelationsmarkwest.com W EBSITE: www.markwest.com

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