Regency Energy Partners LP Citi MLP Conference August 22 23, 2012
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…
Strategically Located Assets Drilling activity in liquidsrich plays continues to be the primary driver for our business; most notably around our assets in west and south Texas and in northern Louisiana Asset Summary1 Growth…
SecondQuarter Performance Adjusted EBITDA increased 12% to 115 million for the second quarter of 2012, compared to the second quarter of 2011 Adjusted EBITDA1 160 140 134 120 112 115 115 103 100 in millions 80 60 40…
Proven Business Model Diversified asset portfolio is generating the strongest organic growth opportunities since our IPO Acquisition Capital Organic Growth Capital 1,000 934 1,000 900 870 900 800 800 800 700 700 593 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 Growth Projects Mississippian Shale…
Lone Star Expansion Plans Lone Star growth projects will help address high demand for NGL transportation and processing Mont Belvieu Fractionator 1 Highlights Capacity (Bbls/d) 100,000 Contracting Status Fully Contracted…
Contract Compression Growth Opportunities Horsepower additions in liquidsrich plays are beginning to overcome declines in dry gas regions Barnett/Haynesville Opportunities Approximately 70% of horsepower was placed in oil…
Contract Treating Growth Opportunities Continue to make upgrades to treating fleet and diversify product line to move with shift to liquidsrich plays Marcellus/Utica Shales Permian/Avalon/ Bone Spring Opportunities…
Maintain Stable Cash Flows: Business Mix Goal is to maintain more than 80% feebased margins Adjusted Total Segment Margin FY 2009 FY 2010 FY 2011 FY 2012E 6% 9% 3% 11% 9% 2% 21% 27% 71% 76% 83% 82% Feebased Hedged…
Concluding Thoughts Regency is well positioned to deliver distribution growth and achieve investment grade ratings over time Integrated Midstream Strategic location of assets and diverse portfolio of services provide attractive…
Appendix
Maintain Stable Cash Flows: DCF Sensitivities DCF Sensitivity to Commodity Price Changes 2012 Change in WTI Price (/BBls) Change in Natural Gas Price Decrease 10.00 Flat Increase 10.00 (/MMbtu) Decrease 1.00 (3.8)M…
Gathering and Processing Segment Throughput volumes increased nearly 30% from the second quarter of 2011 to the second quarter of 2012, primarily driven by growth in south and west Texas and north Louisiana NGL gross production…
Joint Ventures Segment Adjusted EBITDA for the Joint Ventures segment increased from the second quarter of 2011 to the second quarter of 2012 Joint Ventures Segment Adjusted EBITDA1 70 58 57 59 60 55 56 50 in millions…
Contract Compression Segment Increased producer activity in liquidsrich plays is overcoming horsepower declines in drygas regions 45 Segment Margin Segment Margin ( in millions) 40 3 4 4 4 35 3 30 25 20 34 35 35 35 34…
Contract Treating Segment Focusing on accommodating shift to liquidsrich regions Contract Treating Revenue Generating GPM 4,000 20 3,773 3,800 18 Segment Margin ( in millions) 3,600 3,468 3,465 16 Revenue Generating…
Maintain Stable Cash Flows: Comprehensive Hedging Program Utilize a comprehensive hedging program to mitigate exposure C2 to C4 Equity Production vs. Hedged 5,000 4,000 Bbl/d 3,000 64% 65% 2,000 84% 81% 17% 4% 1,000 7% Q1…
NonGAAP Reconciliation Three Months Ended June 30, 2012 March 31, 2012 December 31, 2011 September 30, 2011 June 30, 2011 ( in thousands) Net income 29,327 28,900 13,628 30,849 14,837 Add (deduct): Interest expense, net 27,934…
NonGAAP Reconciliation Three Months Ended June 30, 2012 March 31, 2012 December 31, 2011 September 30, 2011 June 30, 2011 ( in thousands) Net income 29,327 28,900 13,628 30,849 14,837 Add (deduct): Operation and maintenance 38,992…
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