Skip to main content NAPTP 2012 MLP INVESTOR CONFERENCE – Inergy, L.P. Investor Presentation | Shale Experts
Loading...
Pm

NAPTP 2012 MLP INVESTOR CONFERENCE – Inergy, L.P.

Inergy, L.P. · May 23, 2012 · 29 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. NAPTP 2012 MLP INVESTOR CONFERENCE – Inergy, L.P. – slide 1
    NAPTP 2012 MLP Investor Conference May 23, 2012
  2. NAPTP 2012 MLP INVESTOR CONFERENCE – Inergy, L.P. – slide 2
    Inergy Snapshot Inergy is a geographically diverse retail propane and midstream energy business - 4.4 billion consolidated enterprise value with 304 million in TTM Adj. EBITDA (a) Consolidated Midstream Operations Propane Operations…
  3. NAPTP 2012 MLP INVESTOR CONFERENCE – Inergy, L.P. – slide 3
    Recent Events Recent Transactions Accelerate Inergys Transformation to a Pure Play Midstream MLP December 2011 Completed Initial Public Offering of Inergy Midstream, L.P. (NYSE:NRGM) Sold 18.4 million units representing 25% ownership…
  4. NAPTP 2012 MLP INVESTOR CONFERENCE – Inergy, L.P. – slide 4
    Retail Propane Transaction Overview NRGY announced agreement to contribute retail propane operations to Suburban Propane Partners, L.P. (SPH) for 1.8 billion in consideration, including: 1.2 billion private bond exchange(a) o SPH…
  5. NAPTP 2012 MLP INVESTOR CONFERENCE – Inergy, L.P. – slide 5
    Pro Forma SPH Operations NRGY unitholders expected to receive 0.1 SPH units for each NRGY unit owned After the transaction, SPH will be the 3rd largest propane retailer in the U.S. Increased size, scale and financial resources further…
  6. NAPTP 2012 MLP INVESTOR CONFERENCE – Inergy, L.P. – slide 6
    Investment Highlights Core natural gas infrastructure in the Northeast and Texas in the heart High Quality of the Marcellus Shale and adjacent to the Eagle Ford Shale Assets NGL assets uniquely positioned for the infrastructure…
  7. NAPTP 2012 MLP INVESTOR CONFERENCE – Inergy, L.P. – slide 7
    NRGY & NRGM Looking Ahead NRGY positioned as pure-play midstream MLP Inergy, L.P. NRGY assets consist of NRGM common units, IDRs, and (NYSE: NRGY) retained midstream operating businesses LP Interest & IDRs of NRGM Retained midstream…
  8. NAPTP 2012 MLP INVESTOR CONFERENCE – Inergy, L.P. – slide 8
    Inergy Strategy Deliver Operational Excellence Significant Service Provider in Core Midstream Markets Midstream operations focused on fee-based; long-term contract-driven cash flow Leverage existing relationships in our natural gas…
  9. NAPTP 2012 MLP INVESTOR CONFERENCE – Inergy, L.P. – slide 9
    Midstream Operations Overview 10
  10. NAPTP 2012 MLP INVESTOR CONFERENCE – Inergy, L.P. – slide 10
    Natural Gas & NGL Storage and Transportation Platform Natural Gas and NGL assets situated between major shale plays and premium demand markets Expansion potential to 100 Bcf of highly flexible NGL operations positioned for the…
  11. NAPTP 2012 MLP INVESTOR CONFERENCE – Inergy, L.P. – slide 11
    Northeast Natural Gas Storage and Transportation Platform Potential for 51 Bcf(a) natural gas storage capacity within 200 miles of New York City Northeast storage & transportation hub with access to multiple gas and NGL supply…
  12. NAPTP 2012 MLP INVESTOR CONFERENCE – Inergy, L.P. – slide 12
    Texas Natural Gas Storage and Transportation Platform Tres Palacios - located 100 miles southwest of Houston in Matagorda County, TX 38.4 Bcf of working gas capacity with expansion potential to 47.9 Bcf Situated near the Eagle Ford…
  13. NAPTP 2012 MLP INVESTOR CONFERENCE – Inergy, L.P. – slide 13
    NGL Supply & Logistics Operations leverage Inergys NGL assets West Coast NGL facility located near Bakersfield, CA between major West Coast demand centers and adjacent to Elk Hills Commercial management of NGL storage facilities…
  14. NAPTP 2012 MLP INVESTOR CONFERENCE – Inergy, L.P. – slide 14
    Gas Storage Facilities Thomas Seneca Tres Stagecoach Steuben Corners Lake Palacios 26.3 Bcf working gas 5.7 Bcf operational 6.2 Bcf working gas 1.5 Bcf working gas 38.4 Bcf working gas capacity working gas capacity capacity capacity…
  15. NAPTP 2012 MLP INVESTOR CONFERENCE – Inergy, L.P. – slide 15
    Transportation Overview North-South Pipeline FERC regulated firm transportation and wheeling services between TGP, Millennium and all points in between 325,000 dth/d capacity - 100% contracted with 5 year terms Phase II may add…
  16. NAPTP 2012 MLP INVESTOR CONFERENCE – Inergy, L.P. – slide 16
    NGL Storage Overview NGL Storage Facilities Position Inergy as a key NGL storage provider in the Marcellus Shale Provide value to our customers with significant storage capacity and multiple distribution channels to Northeast demand…
  17. NAPTP 2012 MLP INVESTOR CONFERENCE – Inergy, L.P. – slide 17
    Positioned for Future Opportunity Inergys recent events provide meaningful progress to positioning the company for the creation of long-term value for investors Inergys pure play midstream operations are strategically well-positioned…
  18. NAPTP 2012 MLP INVESTOR CONFERENCE – Inergy, L.P. – slide 18
    Financial Overview 19
  19. NAPTP 2012 MLP INVESTOR CONFERENCE – Inergy, L.P. – slide 19
    Financial Strength Recent events provide strong financial position from which to grow NRGY NRGM Strong and flexible capital structure Strong balance sheet with liquidity 550 million revolver maturing July 2016 600 million revolver…
  20. NAPTP 2012 MLP INVESTOR CONFERENCE – Inergy, L.P. – slide 20
    NRGY Distribution Inergy declared a quarterly distribution of 0.375 per common unit (1.50 annually) Distribution is based upon NRGYs normalized expectations for the current operating businesses including our retail propane business…
  21. NAPTP 2012 MLP INVESTOR CONFERENCE – Inergy, L.P. – slide 21
    Capitalization NRGY NRGM As of March 31, 2012 As of March 31, 2012 NRGY NRGM Standalone NRGY As Standalone NRGM As ( in millions) Actual Adjusted Actual Adjusted Cash .. 14.6 14.6 - - (a) (f) Revolving general partnership credit…
  22. NAPTP 2012 MLP INVESTOR CONFERENCE – Inergy, L.P. – slide 22
    Visible Expansion Projects High-return midstream expansion projects generate substantial cash flow growth Expansion projects supported by long-term contracts Expansion Total Capital Expected Expected Projects (a) Investment Run-Rate…
  23. NAPTP 2012 MLP INVESTOR CONFERENCE – Inergy, L.P. – slide 23
    Investment Highlights Core natural gas infrastructure in the Northeast and Texas in the heart High Quality of the Marcellus Shale and adjacent to the Eagle Ford Shale Assets NGL assets uniquely positioned for the infrastructure…
  24. NAPTP 2012 MLP INVESTOR CONFERENCE – Inergy, L.P. – slide 24
    Appendix 25
  25. NAPTP 2012 MLP INVESTOR CONFERENCE – Inergy, L.P. – slide 25
    Storage & Transportation Contract Characteristics Strong demand for our services drives long-term contracted revenues Highly creditworthy customers create further cash flow stability Storage Contract Profile Storage Customer Type…
  26. NAPTP 2012 MLP INVESTOR CONFERENCE – Inergy, L.P. – slide 26
    Commonwealth Pipeline Overview Proposed 200 mile 30-36 natural gas pipeline project with up to 1.2 bcf/d capacity extending from southern end of Marc I pipeline to Dominions Cove Point LNG pipeline Market-pull project linking…
  27. NAPTP 2012 MLP INVESTOR CONFERENCE – Inergy, L.P. – slide 27
    Historical Financial Overview & Non-GAAP Reconciliations(a) Six Months Ended March 31, 2009 2010 2011 2011 2012 TTM (in MMs) (audited) (audited) (audited) (unaudited) (unaudited) (unaudited) Retail propane gallons 310.0 340.2 325.6…
  28. NAPTP 2012 MLP INVESTOR CONFERENCE – Inergy, L.P. – slide 28
    Historical Financial Overview & Non-GAAP Reconciliations, (cont.) (a) Six Months Ended March 31, 2009 2010 2011 2011 2012 TTM (in MMs) (audited) (audited) (audited) (unaudited) (unaudited) (unaudited) EBITDA Reconciliation: Net…
  29. NAPTP 2012 MLP INVESTOR CONFERENCE – Inergy, L.P. – slide 29
    Committed to Generating Industry-Leading Returns to Our Investors 30

From the store

Browse maps, data & reports in the Shale Experts store