Credit Suisse MLP and Energy Logistics Conference Spectra Energy Partners: Moving Ahead, Building Value June 26-27, 2013 New York, New York
Safe Harbor Statement R Some of the statements in this document concerning future company performance will be forward-looking within the meanings of the securities laws. Actual results may materially differ from those discussed in…
Our Team R President & Julie Dill Chief Executive Officer Pat Reddy Chief Financial Officer Director, Derick Smith Investor & Public Relations Spectra Energy Partners 3
Business Overview R Operating Totals: Transmission Pipe Capacity (Bcf/d): 4.5 Growth-Oriented Miles of Transmission Pipe: 3,233 Miles of Gathering Pipe: 365 Master Limited Partnership Storage Capacity (Bcf): 57 Interstate gas…
Business Segment Overview R NYSE: SEP Gas Equity Transportation Investments & Storage East Tennessee Natural Gas Ozark Gas Transmission Big Sandy Pipeline Gulfstream Market Hub Maritimes & Saltville Gas Storage…
Asset and Revenue Portfolio R Revenues are supported by stable cash flows from long-term contracts with a weighted average remaining life of 13 years East Saltville Ozark Gas Big Sandy Tennessee Gas Storage Transmission Pipeline…
2013 and Beyond R Third Party Target potential acquisitions that Acquisitions fit our fee-based profile Organic Kingsport Expansion Project Growth Express-Platte System opportunities 2B+ of Drop-downs: Drop-…
Express-Platte Pipeline System R Spectra Energy Corp to drop down 50% of Express-Platte Pipeline System to Spectra Energy Partners for 823 million Enhances SEPs profile of steady, fee-based cash flows Fee-based revenues with…
Express-Platte Leveraging a New Platform in Oil Transportation R OIL SANDS Expanding unconventional oil Hardisty production driving significant growth opportunities Increasing Canadian oil sands, BAKKEN Bakken and Niobrara…
East Tennessee Natural Gas Industrial Demand Projects R Kingsport projects to provide 86 Mmcf/day of gas service to Kingsport East Tennessee Eastman Chemical by 1Q15 Project Natural Gas 25-year firm contract Subject to…
Moving Ahead, Building Value R Executing a consistent strategy Investing in quality assets Express-Platte Pipeline System brings quality, fee-based cash flows and geographic diversity to our portfolio Kingsport Expansion Project…
R Appendix A: Download the IR App: Asset Profiles & Sponsor Profile
East Tennessee Natural Gas Pipeline R Positioned to benefit from growth in gas for electric generation and industrial use Industrial demand projects Kingsport projects to provide CASCADE 86 Mmcf/day of gas service CREEK, NC…
Maritimes & Northeast Pipeline US R Enhancing SEPs profile of steady, fee-based cash flows Acquired 38.76% interest on Oct. 31st Expands SEPs reach into Northeast U.S. and Atlantic Canadian natural gas supplies and markets…
Gulfstream Natural Gas Pipeline R One of two pipelines serving Florida peninsula Fully subscribed Well positioned to benefit from fuel oil conversions to natural gas for electric generation Gulfstream Operating Totals:…
Big Sandy Pipeline R FERC-regulated pipeline in eastern Kentucky Access to the Huron Shale and Appalachian Basin Interconnect with Tennessee Gas Serves Mid-Atlantic & Northeast markets With an average contract life of 13…
Ozark Gas Transmission R Well-positioned assets with a good mix of customers Access to Arkoma Basin, Fayetteville Shale & Woodford Shale Interconnects with Spectra Energys Texas Eastern Transmission, Mississippi River…
Market Hub Partners (MHP) Natural Gas Storage R Recently completed major, multi- year expansion High deliverability storage Significant interconnectivity Access to markets in Northeast, Southeast, Midwest, and Gulf Coast Good…
Our Sponsor: Spectra Energy Corp R Spectra Energy (NYSE: SE) holds 58% of SEP outstanding units (GP/LP) 2012 Natural Gas Pipeline Throughput: 4.2 Tcf Natural Gas Transmission Pipe: 19,000 mi Natural Gas Storage Capacity:…
R Appendix B: Financial & Other Information Download the IR App:
Revenue Profile R Quarter Ended March 31, 2013 Quarter Ended March 31, 2013 Gulfstream Revenues SEP SEP Share of Natural Gas ( MM, unaudited) 100% Ownership% Revenues Pipeline SEP Gas (49% Interest) Spectra Energy Partners(1)…
Express-Platte Pipeline System Drop-down R 823 million for 50% of Express-Platte 555 million in cash 139 million in newly issued units to the general partner 129 million in acquired Express-Platte debt Express-Plattes…
Debt and Available Liquidity R Spectra Energy Partners (MM, unaudited) March 31, 2013 December 31, 2012 Commercial Paper 324 336 MHP Demand Note(1) 16 17 East Tennessee Notes Payable (3.1%; matures 2024) 200 200 Unsecured 5 year…
Gulfstream Debt R ( MM, unaudited) March 31, 2013 Gulfstream Natural Gas System, LLC Debt (1) 100% 49% Unsecured 15 year note (5.56%; due 2015) 500 245 Unsecured 25 year note (6.19%; due 2025) 350 172 Unsecured 7 year note…
M&N US Debt R ( MM, unaudited) March 31, 2013 Maritimes & Northeast Pipeline, LLC Debt(1) 100% 38.76% Unsecured 5 year notes (7.5%; due 2014) 429 166 Total Debt 429 166 2013 Amortizing Debt Payments Maritimes & Northeast…
1Q13 Earnings Summary R (MM) 1Q13 1Q12 Operating Revenues 60.9 61.9 Operating Expenses 27.8 28.8 Operating Income 33.1 33.1 Equity Earnings 30.7 27.4 Interest Income and Other 0.2 - Interest Expense 7.6 7.7 Earnings Before…
1Q13 Cash Available for Distribution R (MM) 1Q13 1Q12 Adjusted EBITDA 42.5 42.4 ADD: Cash available from equity investments Gulfstream 49% 19.5 19.6 Market Hub Partners 50% 10.3 13.5 M&N US 38.76%(1) 9.7 LESS: Interest…
REG G Reconciliation Schedules
SEC Regulation G R Adjusted Earnings Before Interest, Taxes and Depreciation and Amortization (EBITDA) The materials included for Spectra Energy Partners include a discussion of adjusted EBITDA, a non-GAAP financial measure. The…
Reconciliation of Net Income to Cash Available for Distribution R Spectra Energy Partners Reconciliation of Non-GAAP Adjusted EBITDA and Cash Available for Distribution (Unaudited) (In millions) Three Months Ended March 31,…
Reconciliation of Net Income to Cash Available for Distribution (Gulfstream) R Gulfstream Reconciliation of Non-GAAP Adjusted EBITDA and Cash Available for Distribution (Unaudited) (In millions) Three Months Ended March 31,…
Reconciliation of Net Income to Cash Available for Distribution (Market Hub) R Market Hub Reconciliation of Non-GAAP Adjusted EBITDA and Cash Available for Distribution (Unaudited) (In millions) Three Months Ended March 31,…
Reconciliation of Net Income to Cash Available for Distribution (M&N US) R Maritimes & Northeast Pipeline Reconciliation of Non-GAAP Adjusted EBITDA and Cash Available for Distribution (Unaudited) (In millions) Three Months…
Express-Platte Pipeline System Reg. G Reconciliation Schedule R Express-Platte Pipeline System Reconciliation of Projected Earnings before Interest and Taxes (EBIT) to Non-GAAP Projected EBITDA and Projected Cash Available for…
Loading...
