October 11, 2013 Boardwalk Annual Customer Meeting Nashville Customer Meeting Morgan Stanley MLP/Diversified Natural Gas, Boardwalks Utilities Response & Clean to the Tech Conference Changing Market March 2015 Kathy Kirk,…
Key Investment Highlights Diversified midstream MLP that transports, stores, gathers and processes natural gas and liquids A substantial portion of revenue is from fixed-fee, take-or-pay contracts with investment-grade customers…
Large and Diverse Platform of Infrastructure Assets Boardwalk is a diversified midstream MLP that transports, stores, gathers and processes natural gas and liquids Boardwalk Operational Highlights Pipelines: We own and operate…
Introduction to Boardwalks General Partner Our general partner is a wholly-owned subsidiary of Loews Corporation, which is one of the largest diversified corporations in the United States Principal subsidiaries and percent of…
October 11, 2013 Boardwalk Annual Customer Meeting Nashville Customer Meeting Boardwalks Growth StrategyResponse to the and Fundamentals Changing Market Kathy Kirk, Senior Vice President Marketing & Origination Boardwalk…
Boardwalk Strategy Leverage and strengthen existing natural gas pipeline transportation and storage assets by attaching to new end-use markets and accessing abundant supply sources Optimize asset base by identifying and implementing…
Boardwalk Accomplishments Completed 2.1 billion of growth projects and acquisitions since the Fall of 2011: Diversification from traditional operations by adding: 18 MMBbls of liquids storage and 435 miles of liquids pipeline…
Projects Completed Since Fall 2011 (2.1 billion) Growth Project/Acquisition Scope Timing Est MM (Capex) Acquisition of Petal Gas Storage Acquired approx. 23 Bcf of working gas capacity and 105 miles of natural gas pipelines Closed…
Recently Announced Projects (1.5 billion) Southern Indiana Market Lateral 95M in capex Capacity: 166,000 MMBtu/d In service: H2-2016 (est)** **Subject to customer board and regulatory approvals Northern Supply Access 250M in…
Well Positioned to Capitalize on Changing Supply Dynamics By 2020, U.S. supply is forecasted to grow by approximately 21 Bcf/d. 100 90 Marcellus & Utica in the northeast are forecasted to provide the 80 majority of the…
Well Positioned to Capitalize on Changing Demand Dynamics 100 90 LNG exports and gas consumption in 80 the south are forecasted to utilize the 70 majority of incremental supply; 60 dramatically impacting traditional gas Bcf/d…
Basis Spreads LEGEND DOMINION Average Annual SOUTH POINT Spread (1.05) 2015 (0.21) 2013 0.31 2009 COLUMBIA GULF MAINLINE KOSCI CENTERPOINT EAST (0.07) (0.08) (0.05) (0.06) (0.25) (0.00) 0.06 (0.10) (0.62) TRANSCO STATION…
NYMEX Seasonal Strip Spreads 0.60 Recent seasonal spread uplift resulted as bearish fundamentals placed pressure on short term prices. Current spreads reflect Summer15 to Summer16 & Summer15 to Winter15/16. 0.40 TVM and customer…
October 11, 2013 Boardwalk Annual Customer Meeting Nashville Customer Meeting Boardwalks Response Financial to the Overview Changing Market Kathy Kirk, Senior Vice President Marketing & Origination Boardwalk Louisiana…
Revenues Under Firm Agreements with Reservation Charges Contract type Distribution of Revenue for the Year Ended December 31, 2014 A significant portion of 2014 revenue derived from firm, long-term contracts with credit-worthy…
Financial Information Results For the Year Ended December 31, 2014 2015 Total Cap-Ex Forecasted ( in millions) 2014 Total Cap-Ex Forecasted = 570 Net Income 147 Net income attributable to noncontrolling interests (87) 120:…
Capitalization as of December 31, 2014 Adjustments for 2015 As Adjusted for December 31, Financing 2015 Financing ( in millions, except ratio data) Credit Ratings 2014 Activities Activities Cash and Equivalents 7 - 7 Long-Term…
October 11, 2013 Boardwalk Annual Customer Meeting Nashville Customer Meeting Boardwalks Response Individual Growth to the Projects Changing Market Kathy Kirk, Senior Vice President Marketing & Origination Boardwalk Louisiana…
Coastal Bend Header Project to Serve Planned Freeport Liquefaction Export Terminal Capex Est.: 720 mm* Contracted Capacity: 1.4 Bcf/d with 20-year firm Precedent agreements In-Service: 2018 (est.)** *Capex may change based on…
North-to-South Projects: OH-LA and Southern IN Market Lateral Ohio-to-Louisiana Access Project Southern Lebanon Capex Est.: 115 mm Marcellus & Indiana Market Lateral Utica Supplies Contracted Capacity: 626,000 MMBtu/d with 13-year…
Additional North-to-South Projects Northern Supply Access Project Capex Est.: 250 mm Lebanon Contracted Capacity: Marcellus & 280,000 MMBtu/d with 16-year Utica Supplies weighted average precedent agreements In Service: H2-2017 (est.)…
Western Kentucky Market Lateral Western Kentucky Market Lateral Texas Gas Transmission Proposed lateral Marcellus Interconnect & Utica Lebanon Supplies Western Kentucky Market Lateral Capex Est.: 80 mm Contracted…
Boardwalk Louisiana Midstream Growth Evangeline Ethylene Pipeline provides ethylene Expansion to Serve Sasols Ethane transportation from East TX/West LA to the Mississippi Cracker: River Corridor Ethane cracker to be located near our…
Projects to Attach to Additional End-Use Markets Projects to provide approximately 575,000 MMBtu/d of natural gas deliveries to power and industrial plants EXECUTED AGREEMENT Connection to power plant in Indiana Executed 5-year firm…
October 11, 2013 Boardwalk Annual Customer Meeting Nashville Customer Meeting Morgan Stanley MLP/Diversified Natural Gas, Boardwalks Utilities Response & Clean to the Tech Conference Changing Market March 2015 Kathy Kirk,…
October 11, 2013 Boardwalk Annual Customer Meeting Nashville Customer Meeting Boardwalks Response to the Appendix Changing Market Kathy Kirk, Senior Vice President Marketing & Origination Boardwalk Louisiana Midstream Sulphur…
EBITDA and Distributable Cash Flow Reconciliation Non-GAAP Financial Measures Earnings before interest, taxes, depreciation and amortization (EBITDA) is used as a supplemental financial measure by Boardwalks management and by external…
October 11, 2013 Boardwalk Annual Customer Meeting Nashville Customer Meeting Morgan Stanley MLP/Diversified Natural Gas, Boardwalks Utilities Response & Clean to the Tech Conference Changing Market March 2015 Kathy Kirk,…
Loading...
