Regency g y Energygy Partners Presentation to Investors June 17, 2010
Regency Overview
Regency is a Full-Service Midstream Provider f From the wellhead to market, Regency offers a full range of midstream natural gas services, including gathering and processing, contract compression, transportation and marketing of…
Regency Asset Overview Regency Asset Map Asset Summary 1 Gathering Pipeline 5,595 miles Treating/Processing Plants 9 Intrastate Pipeline2 450 miles Interstate Pipeline3 517 miles Contract Compression (HP)4 759,704…
What Differentiates Regency Strong sponsor in Energy Transfer Equity, which supports Regencys objective of reaching investment grade metrics and growing distributable cash flow Core operations in five of the major shale plays in…
Long-Term Goal: Investment Grade Metrics1 f Regency believes achieving investment grade metrics will provide us access to the lowest cost of capital, thereby enabling us to continue to execute on our growth strategy Obtain Obt i…
Key Accomplishments Objective Recent Accomplishments Adjusted Adj d EBITDA off 142 million illi ini 2007 Obtain Scale Adjusted EBITDA guidance of 310-340 million in 2010 Improve Business Fee-based F b d margins i off 42%…
History of Growth Step-Out Bolt-On Acquisitions Acquisitions Organic Growth Total 1,646 million 300 million 1,436 million 3,382 million Pueblo 2005 176 TexStar 349 64 Midstream 2006 122 CDM Nexus Gas 89 2007 78 Resource…
Concluding Thoughts f Regencys total return to unitholders over the last twelve months was 82% R Regency Twelve T l Month M th P Performance f 16% 26 14% /unit) eld (%) 22 Regency Unit Price ( Re gency…
Q&A
Appendix
Non-GAAP Reconciliation Year Ended December 31, 2007 in thousands Net (loss) income (13,531) Add (deduct): Interest expense, net 52,016 Depreciation and amortization 55,074 Income tax expense (benefit) 931 EBITDA (1) (2)…
Non-GAAP Reconciliation (2010 Guidance) Low Estimate High Estimate (( in thousands)) Forecasted net income 65,000 85,000 Add: Depreciation and amortization 120,000 120,000 Interest Expense 75,000 80,000 EBITDA at JV in excess of…
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