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2014 FOURTH QUARTER EARNINGS UPDATE – Spectra Energy Partners, Lp

Spectra Energy Partners, Lp · Feb 4, 2015 · 9 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. 2014 FOURTH QUARTER EARNINGS UPDATE – Spectra Energy Partners, Lp – slide 1
    2014 FOURTH QUARTER EARNINGS UPDATE Spectra Energy Growth from a Position of Strength February 4, 2015
  2. 2014 FOURTH QUARTER EARNINGS UPDATE – Spectra Energy Partners, Lp – slide 2
    Safe Harbor Statement Some of what well discuss today concerning future company performance will be forward-looking information within the meanings of the securities laws. Actual results may materially differ from those discussed in…
  3. 2014 FOURTH QUARTER EARNINGS UPDATE – Spectra Energy Partners, Lp – slide 3
    4Q14 Results EBITDA Ongoing Segment EBITDA (MM) 4Q14 4Q13 YTD 2014 YTD 2013 Spectra Energy Partners (1) 444 369 1,669 1,440 Distribution 132 156 552 574 Western Canada 250 215 754 736 Field Services (2) (18) 72 229 343 Other 2 (14)…
  4. 2014 FOURTH QUARTER EARNINGS UPDATE – Spectra Energy Partners, Lp – slide 4
    Spectra Energy: Distributable Cash Flow YTD YTD SE Distributable Cash Flow (MM) 4Q14 4Q13 2014 2013 Ongoing EBITDA 810 798 3,146 3,034 LESS: Special items 11 12 34 Reported EBITDA 810 787 3,134 3,000 ADD: Equity in earnings of…
  5. 2014 FOURTH QUARTER EARNINGS UPDATE – Spectra Energy Partners, Lp – slide 5
    Spectra Energy Partners: Distributable Cash Flow YTD YTD SEP Distributable Cash Flow (MM) 4Q14 4Q13 2014 2013 Ongoing EBITDA 424 352 1,591 1,391 LESS: Special items 1 7 Reported EBITDA 424 351 1,591 1,384 ADD: Equity in earnings…
  6. 2014 FOURTH QUARTER EARNINGS UPDATE – Spectra Energy Partners, Lp – slide 6
    4Q14 Results DCF and Cash Distributions (1) (MM) YTD DPM Distributions (1, 2) SEP Distributions 4Q14 2014 (MM, 50%) 4Q14 YTD 14 General Partner 47 171 General Partner 15 52 Limited Partner 137 533 Limited Partner 9 35 Total 184…
  7. 2014 FOURTH QUARTER EARNINGS UPDATE – Spectra Energy Partners, Lp – slide 7
    Strong Finish to 2014 Solid fee-based businesses continue to perform well Strong financial position to enter 2015: Strong cash coverage Excellent credit metrics Investment grade balance sheet Multiple financing vehicles to fund…
  8. 2014 FOURTH QUARTER EARNINGS UPDATE – Spectra Energy Partners, Lp – slide 8
    Exceptional 2014 Results Strongly Position SE for 2015 2014 PLAN 1,230 1.4x 0.12 3.0B Distributable Coverage Dividend Projects secured with Cash Flow at SE growth at SE fee-based contracts 1,460 1.6x 0.14 3.5B Distributable…
  9. 2014 FOURTH QUARTER EARNINGS UPDATE – Spectra Energy Partners, Lp – slide 9

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