Regency Energy Partners LP Wells Fargo Securities Pipeline, MLP & Energy Symposium December 4, 2012
Key Investment Highlights Integrated midstream portfolio Diverse portfolio of services provides attractive options for producers Assets strategically positioned to benefit from growing drilling activity in liquidsrich plays…
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…
YeartoDate Performance Regencys yeartodate performance is primarily due to volume growth and increased demand for NGL logistics in liquidsrich areas Adjusted EBITDA Cash Available for Distribution 300 285 450 422 400 250 233 350…
Expanding Asset Base Diversified asset portfolio is generating the strongest organic growth opportunities since our IPO Gathering and Processing Expansions 200 MMcf/d of processing capacity 100 MMcf/d of treating capacity Over…
Major Expansions Under Construction RGP Growth Capital Project Contract Type Estimated Completion Date ( in millions) Feebased Refrigeration Plant Operational as of June 2012 Ranch JV Processing Facility1 33 10year terms…
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 South Texas Growth North Louisiana…
2013 Gathering & Processing Opportunities Potential to develop assets in emerging shale plays located near existing assets that are beginning to require gathering and processing infrastructure Avalon/Bone Spring/Permian Cotton…
Lone Star Expansion Plans 2013 Opportunities Evaluating opportunities to further expand capacity on the Gateway Pipeline Mont Belvieu assets are positioned to further West Texas Gateway NGL Pipeline expand as demand for…
Contract Services Liquidsrich plays are driving continued growth in contract services businesses Contract Compression Growth Opportunities 70,000 horsepower booked to be set in the next 90 120 days Marcellus/Utica Niobrara…
Maintain Stable Cash Flows Expect feebased margins to increase in 2013 as current growth projects ramp up Adjusted Total Segment Margin 2009 2010 2011 2012E 2013E 9% 7% 6% 7% 3% 9% 2% 11% 21% 27% 71% 76% 83% 82% 86%…
2013 Objectives Majority of Regencys 1 billion of announced expansion projects is expected to come online in 2013 Execute on Current Expansion Projects All projects currently under construction are expected to be completed on or…
Maintain Stable Cash Flows: DCF Sensitivities DCF Sensitivity to Commodity Price Changes 2013 Change in WTI Price (/Bbl) Change in Natural Gas Price Decrease 10.00 Flat Increase 10.00 (/MMbtu) Decrease 1.00 (6.0)M…
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 2,000 84% 1,000 58% 55% 4% 4% 4% 4% 60%…
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