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NAPTP Investor Conference – Midcoast Energy Partners, L.P.

Midcoast Energy Partners, L.P. · May 21, 2015 · 11 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. NAPTP Investor Conference – Midcoast Energy Partners, L.P. – slide 1
    Midcoast Energy Partners, L.P. Stephen J. Neyland, Vice President, Finance NAPTP Annual Investor Conference May 20-22, 2015
  2. NAPTP Investor Conference – Midcoast Energy Partners, L.P. – slide 2
    Vision and Strategy VISION Be recognized as a leading natural gas and NGL midstream infrastructure developer, operator and service provider in North America SCALE SCOPE STRATEGY Provide best in class gathering, processing and…
  3. NAPTP Investor Conference – Midcoast Energy Partners, L.P. – slide 3
    Strong Sponsors and Management Leveraging Enbridge Inc. & Enbridge Energy Partners, L.P. ENB: North American leader in energy delivery Enbridge Inc. (ENB) A-/Baa1 45 billion equity market capitalization Enbridge Energy Partners,…
  4. NAPTP Investor Conference – Midcoast Energy Partners, L.P. – slide 4
    Strategically Positioned Asset Base Midcoast Business Segments Key Assets Gathering, Processing & Transportation: Natural Gas Deliveries 2.2 bcf/d strong asset foundation 90% EBITDA Gathering and Transportation Pipelines 11,100 miles…
  5. NAPTP Investor Conference – Midcoast Energy Partners, L.P. – slide 5
    Strategic Entry into Eaglebine Play Secured transactions establish strategic East Texas System foothold in the liquids-rich Eaglebine Midcoast to construct the Ghost Chili lateral Midcoast acquiring NGRs midstream assets 160 million…
  6. NAPTP Investor Conference – Midcoast Energy Partners, L.P. – slide 6
    Long-Term Transformation of Risk Profile Risk profile transforms as base business grows and new business is captured Demand volumes and revenue progressively ramping on Texas Express Re-contract and capture new business that enhances…
  7. NAPTP Investor Conference – Midcoast Energy Partners, L.P. – slide 7
    Executing on Strategic Priorities Strengthen underlying business Recontracted and captured new business that enhances cash flow certainty Executed plan to reduce operating & administrative costs by over 50 million proceeding ahead of…
  8. NAPTP Investor Conference – Midcoast Energy Partners, L.P. – slide 8
    Actions Underway to Navigate Current Market Conditions Average 2015 Forward Prices Challenging Market Conditions WTI Composite NGL BBL Composite NGL Barrel Price (/gal) WTI Average Forward Price (/Bbl) 100.00 0.95 0.87/gal…
  9. NAPTP Investor Conference – Midcoast Energy Partners, L.P. – slide 9
    Strong Sponsor Support EEP incentivized to invest alongside MEP Jointly fund on and off footprint growth Commitment to long-term drop-down strategy to enhance accretion at MEP Enhance MEP Cost of Equity Natural Gas Midstream -…
  10. NAPTP Investor Conference – Midcoast Energy Partners, L.P. – slide 10
    Key Takeaways Maintain positive momentum and focus on execution Solid 1Q performance and healthy coverage of 1.16x Fourth consecutive quarterly distribution increase (+11.2% vs 1Q14) Actions underway to strengthen underlying…
  11. NAPTP Investor Conference – Midcoast Energy Partners, L.P. – slide 11

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