Regency g y Energy gy Partners ETP-Regency Midstream Holdings, LLC Joint Venture Overview March 23 23, 2011
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…
Transaction Overview Energy Transfer Partners and Regency Energy Partners have formed a joint venture and entered into an agreement to purchase LDH Energy Asset Holdings LLC (LDH) from Louis Dreyfus Highbridge Energy LLC for…
Strategic Rationale The acquisition will provide a strong, strategic platform on which to expand our service capabilities, while presenting opportunities for additional organic growth and partnerships Strategic Rationale Assets…
Asset Overview The midstream assets include storage, pipeline, fractionation and processing facilities which handle a wide array of energy products, including natural gas, NGLs, petrochemicals and refined products Storage Asset…
Combined Assets LDHs assets complement both Regencys and ETPs current geographic footprints Pro Forma Regency and Energy Transfer Asset Map 6
NGL Market Fundamentals As light-end NGLs de-couple from crude pricing, As natural gas producers continue to drill in NGL- they have become the preferred feedstock for rich areas, the increased supply will create the need…
Business Mix Overview Approximately 70% of LDHs 2011 margin is expected to be generated by fee-based midstream services, resulting in relatively stable and predictable cash flows LDH 2011 Estimated Margin By Asset Segment 18%…
Conclusion Establishes a NGL platform that will significantly strengthen ETPs and Regencys service offerings to natural gas producers A Acquisition i iti will ill immediately i di t l give i ETP and d Regency R a strong t…
Appendix
Mont Belvieu & Hattiesburg Storage Mont Belvieu Storage Facility Location: Mont Belvieu, TX Products Stored: NGLs, refined products and petrochemicals (ethylene) Capacity: 43 million Bbls in salt dome capacity, 23 million Bbls brine…
Pipeline Transportation West Texas Pipeline Intrastate NGL pipeline system running from the Permian Basin and Barnett Shale to Mont Belvieu 1,066-mile long-haul 12 pipeline with 12 pump stations (21,500 HP) Total Capacity…
Refinery Services & Sea Robin Processing Plant Refinery Services Off-gas processing and Olefins-grade NGL fractionation complex that cryogenically processes refinery off-gas, returning the methane stream to the refiners for use as…
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