A Full Service Midstream Company 2008 MLP Conference
A Full Service Midstream Company Offering Comprehensive services from wellhead to market Markets Transmission Lines Marketable NGL Products Wellhead Gathering and Dehydration Compression Treating and Processing Mixed NGLs…
Attractive Assets Located in productive natural gas producing regions including Louisiana, Texas, Arkansas and the Mid-Continent region of the United States Capitalization 5/12/08 IPO Colorado Kansas Market Capitalization1 (bn) 1.9…
Attractive Market Dynamics Strong market fundamentals drive increased infrastructure needs Strong Market Demand Strong Commodity Increased Prices Infrastructure Needs X Growing global energy X Thin margin between supply X Pipeline…
New Infrastructure Needed Shift in supply sources and market demands creates additional infrastructure requirements US Natural Gas Supply 2005 - 2020 24.00 22.00 20.00 18.00 LNG TCF Pipeline Imports 16.00 Domestic…
Attractive Formula for Success Regency GE EFS Partnership Dedicated and Strong Sponsor Greater GREATERGrowth Experienced Potential GROWTH Management Team POTENTIAL X Active merger and acquisition X Regency is to be the…
Financial Overview Attractive Results
Strong Quarter-Over-Quarter Performance Total Revenue 1 Adjusted Total Segment Margin 95 % 58 3% in millions in millions 11 45 34 Gathering and Processing Transportation Contract Compression 1 Adjusted…
Increasing Stability of Cash Flows With the acquisition of Hugoton and CDM, a significantly larger portion of Regencys adjusted total segment margin is derived from fee-based business Total Segment Margin in Thousands 4Q 2007 Q1…
Attractive Future 10
Our Corporate Mission and Key Objective Mission Key Objective Consistent growth in unit holder value Implications X Scale X Results-oriented organizational philosophy X Balanced business profile X Enhanced financial…
Implication: Scale Doubling our assets and EBITDA requires relentless focus on the following strategies Maximize Asset Value Asset Expansion Greenfield Development Acquisitions X Optimization of assets X A strong understanding of X…
Implication: Results-Oriented Management Philosophy Build and retain a committed, strong management and employee team that is highly motivated and focused on results By establishing a unified culture of excellence, we will be able to…
Implication: Balanced Business Profile Optimize the growth of cash flow while taking into account the stability of the market sector Conceptual Example Trending Towards Current Business Mix X Diversification of segments…
Implication: Financial Strength Maintain a solid balance sheet that allows for financial flexibility to pursue growth opportunities 15
Key to Success Relentless focus on execution Regency will strive for top quartile total annualized returns to unit holders through our relentless focus on execution 16
Questions & Answers
Non-GAAP Reconciliation Non-GAAP Adjusted EBITDA to GAAP Net Income (Loss) Three Months Ended Mar. 31, ( in thousands) 2008 2007 2006 Net income (loss) 10,348 (1,295) (6,319) Income tax expense 251 - Interest expense, net…
Non-GAAP Reconciliation Non-GAAP Adjusted Segment Margin to GAAP Net Income (Loss) Three Months Ended Mar. 31, ( in thousands) 2008 2007 2006 Net income (loss) 10,348 (1,295) (6,319) Add: Operation and maintenance 28,845 10,925…
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