GOING BEYOND Regency Energy Partners LP UBS Natural Gas, Electric Power and MLP Conference February 29, 2012 www.regencyenergy.com
Forward-Looking Statements Certain matters discussed in this report include forward-looking statements. Forward-looking statements are identified as any statement that does not relate strictly to historical or current facts. Statements…
Diverse Portfolio Regencys portfolio is a diversified platform offering complete midstream services to producers Gathering & Processing Third-Party Contract Services Gas Gathering Contract Compression Gas Processing Gas…
Strategically Located Assets Well positioned in key shale plays that are expected to require significant infrastructure development in the foreseeable future 1 Asset Summary Growth Opportunities Gathering Pipeline 5,283 miles…
Proven Business Model Strategically pursuing organic growth projects and acquisitions that generate solid results Acquisition Capital Organic Growth Capital 1,000 934 1,000 869 900 900 800 800 745 700 700 593 in…
Gathering & Processing Expansion Plans Potential to develop assets in emerging shale plays located near existing assets that are just beginning to require gathering and processing infrastructure Eagle Ford Expansion Project Key…
Lone Star Expansion Plans Key Lone Star expansion projects will facilitate growth for all of Regencys business segments Mont Belvieu Fractionator 1 Key Highlights Capacity (Bbl/d) 100,000 Additional Y-grade liquids storage…
Compression Growth Opportunities External horsepower has increased by 35% since January 2008 Marcellus/Utica Shales Fayetteville Shale Barnett Shale Contract Compression Opportunities Increasing demand for compression in…
Treating Growth Opportunities Marcellus/Utica Shales Permian/Avalon/ Bone Spring Contract Treating Opportunities Increasing demand in Eagle Ford Shale for treaters capable of handling sour gas with Eagle Ford Shale high…
Diverse Portfolio Our target is for fee-based margin to comprise over 80% of our adjusted segment margin 2010 Adjusted Segment Margin 2011 Adjusted Segment Margin 2012E Pro Forma Adjusted Segment Margin 3% 6% 8% 11% 21%…
Commodity Price Risk Management DCF Sensitivity to Commodity Price Changes - 2012 Change in WTI Price (/Bbl) Change in Natural Gas Price Decrease 10.00 Flat Increase 10.00 (/MMbtu) Decrease 1.00 (7.6)M (3.2)M 1.3M Flat…
Concluding Thoughts Well positioned to deliver continued distribution growth and achieve investment grade ratings Supportive General Energy Transfer Equity is a strong supporter of Regencys objectives Partner Diverse Portfolio…
Appendix
2011 Performance Comparing the fourth quarter of 2011 to the fourth quarter of 2010, adjusted EBITDA increased approximately 13% Comparing full-year 2011 to full-year 2010, adjusted EBITDA increased approximately 29% Adjusted…
Commodity Price Risk Management We utilize a comprehensive hedging program to mitigate exposure NGL Equity Production vs. Hedged 5,000 4,000 Bbl/d 3,000 2,000 121% 77% 62% 1,000 58% 56% 12% - Q4 2011 Q1 2012 Q2 2012 Q3…
Non-GAAP Reconciliation Three Months Ended December 31, 2011 September 30, 2011 June 30, 2011 March 31, 2011 ( in thousands) Net income (loss) 13,628 30,849 14,837 14,305 Add: Interest expense, net 28,926 28,852 24,689 20,007…
Non-GAAP Reconciliation Three Months Ended December 31, 2010 September 30, 2010 June 30, 2010 March 31, 2010 ( in thousands) Net (loss) income (8,923) 7,846 (9,391) (450) Add: Interest expense, net 19,791 20,393 22,223 20,564…
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