Regency Energy Partners LP NAPTP MLP Investor Conference May 22, 2013
Key Investment Highlights Integrated midstream portfolio Diverse portfolio of services provides attractive options for producers Assets strategically positioned to benefit from growing drilling activity in liquidsrich plays…
Integrated Midstream Platform Regencys diverse portfolio of services generates solid results while offering complete midstream services to producers Natural Gas Services Residue Gas Utilities Residential Natural Gas Natural…
YeartoDate Performance Regencys yeartodate performance is primarily due to volume growth and increased demand for NGL logistics in liquidsrich areas Adjusted EBITDA Gathering & Processing Throughput 180 1,600 1,488 1,517 60…
SUGS Transaction Highlights On April 30, 2013, Regency acquired Southern Union Gathering Services, Ltd. (SUGS), from Southern Union Company, a jointly owned affiliate of Energy Transfer Equity, L.P. and Energy Transfer Partners, L.P.…
SUGS Transaction Highlights Well into the process of integrating the SUGS and Regency Permian assets, and expect to realize significant synergies and further growth opportunities going forward Enhanced exposure to the Permian…
Expanding Asset Base Diversified asset portfolio is strategically positioned to benefit from drilling activity in liquidsrich plays 1 Asset Summary Gathering Pipeline2 11,945 miles Treating/Processing Plants2,3 22…
Recently Completed Expansions RGP Growth Capital Project Contract Type Estimated Completion Date ( in millions) Feebased Refrigeration Plant Operational as of June 2012 Ranch JV Processing Facility1 33 10year terms Cryogenic…
Major Expansions Under Construction RGP Growth Capital Project Contract Type Completion Date ( in millions) Edwards Lime JV Gathering Feebased with reservation fees 90 Q2 2013 System Expansion1 15year terms 20 MMcf/d JT in…
Gathering & Processing Expansion Plans Potential to develop assets in emerging shale plays located near existing assets that are beginning to require gathering and processing infrastructure North Louisiana Growth South Texas Growth…
2013 Gathering & Processing Opportunities Potential to develop assets in emerging shale plays located near existing assets that are beginning to require gathering and processing infrastructure Avalon/Bone Spring/Permian Eagle Ford…
Lone Star Expansion Plans 2013 Opportunities Evaluating opportunities to further expand capacity on the Gateway Pipeline Mont Belvieu assets are positioned to further expand as demand for fractionation capacity increases in…
Contract Services Revenue generating horsepower increased to 891,000 and utilization was 93% for the first quarter of 2013, compared to 843,000 and 86% for the first quarter of 2012, respectively Contract Compression Growth…
Maintain Stable Cash Flows Acquisition of the SUGS assets significantly increases the scope of Regencys core gathering and processing business in one of the top oilproducing basins in the U.S. Adjusted Total Segment Margin 2012…
2013 Objectives Majority of Regencys announced expansion projects are expected to come online in 2013 Execute on Current Expansion Projects All projects currently under construction are expected to be completed on or ahead of…
Appendix
Maintain Stable Cash Flows: DCF Sensitivities DCF Sensitivity to Commodity Price Changes Balance of 2013 Change in WTI Price (/Bbl) Change in Natural Gas Price Decrease 10.00 Flat Increase 10.00 (/MMbtu) Decrease 1.00…
Maintain Stable Cash Flows: Comprehensive Hedging Program Executed Hedges by Product1 Balance of 2013 Full Year 2014 Price Price Bbls/d Bbls/d (/gal) (/gal) Ethane2 1,000 Propane 1,523 0.94 Normal Butane 481 1.58 150…
NonGAAP Reconciliation Three Months Ended March 31, 2013 2012 ( in thousands) Net income (4,803) 28,900 Add (deduct): Interest expense, net 36,771 29,557 Depreciation and amortization 48,259 51,506 Income tax expense (benefit)…
NonGAAP Reconciliation Three Months Ende d De cember 31, 2012 Se ptember 30, 2012 June 30, 2012 March 31, 2012 ( in thousands) Net income (loss) (8,949) (1,454) 29,327 28,900 Add: Interest expense, net 36,314 28,567 27,934 29,557…
NonGAAP Reconciliation December 31, 2011 September 30, 2011 June 30, 2011 March 31, 2011 Net income 13,628 30,849 14,837 14,305 Add (deduct): Interest expense, net 28,926 28,852 24,689 20,007 Depreciation and amortization 45,989…
NonGAAP Reconciliation Three Months Ended March 31, 2013 December 31, 2012 September 30, 2012 June 30, 2012 March 31, 2012 ( in millions) Net income (5) (9) (1) 29 29 Add (deduct): Operation and maintenance 45 45 41 39 41 General…
NonGAAP Reconciliation Three Months Ended March 31, 2013 2012 Haynesville Joint Venture ( in millions) Net income 20 23 Add: Operation and maintenance 5 5 General and administrative 5 4 Depreciation and amortization 9 9 Total…
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