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CITIGROUP ONE ON ONE MLP CONFERENCE – Inergy, L.P.

Inergy, L.P. · Aug 22, 2012 · 24 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. CITIGROUP ONE ON ONE MLP CONFERENCE – Inergy, L.P. – slide 1
    Citigroup One-on-One MLP Conference August 22-23, 2012
  2. CITIGROUP ONE ON ONE MLP CONFERENCE – Inergy, L.P. – slide 2
    Inergy Snapshot Inergy is a geographically diverse midstream energy company with a consolidated enterprise value of 3.6 billion(a) Midstream operations include integrated gas and NGL infrastructure operations in NY, PA, CA & TX 79…
  3. CITIGROUP ONE ON ONE MLP CONFERENCE – Inergy, L.P. – slide 3
    Recent Events Recent Transactions Accelerate Inergys Transformation to a Pure Play Midstream MLP December 2011 Completed Initial Public Offering of Inergy Midstream, L.P. (NYSE:NRGM) Sold 18.4 million units representing 25% ownership…
  4. CITIGROUP ONE ON ONE MLP CONFERENCE – Inergy, L.P. – slide 4
    Investment Highlights Core natural gas infrastructure in the Northeast and Texas in the heart High Quality of the Marcellus Shale and adjacent to the Eagle Ford Shale Assets NGL assets uniquely positioned for the infrastructure…
  5. CITIGROUP ONE ON ONE MLP CONFERENCE – Inergy, L.P. – slide 5
    NRGY & NRGM Looking Ahead NRGY positioned as pure-play midstream MLP Inergy, L.P. NRGY assets consist of NRGM common units, IDRs, and (NYSE: NRGY) retained midstream operating businesses Retained midstream assets positioned for future…
  6. CITIGROUP ONE ON ONE MLP CONFERENCE – Inergy, L.P. – slide 6
    Inergy Strategy Deliver Operational Excellence Significant Service Provider in Core Midstream Markets Midstream operations focused on fee-based; long-term contract-driven cash flow Leverage existing relationships in our natural gas…
  7. CITIGROUP ONE ON ONE MLP CONFERENCE – Inergy, L.P. – slide 7
    Midstream Operations Overview 8
  8. CITIGROUP ONE ON ONE MLP CONFERENCE – Inergy, L.P. – slide 8
    Natural Gas & NGL Storage and Transportation Platform Natural Gas and NGL assets situated between major shale plays and premium demand markets Expansion potential to 100 Bcf of highly flexible NGL operations positioned for participation…
  9. CITIGROUP ONE ON ONE MLP CONFERENCE – Inergy, L.P. – slide 9
    Northeast Natural Gas Storage and Transportation Platform Potential for 51 Bcf(a) natural gas storage capacity within 200 miles of New York City Northeast storage & transportation hub with access to multiple gas and NGL supply…
  10. CITIGROUP ONE ON ONE MLP CONFERENCE – Inergy, L.P. – slide 10
    Texas Natural Gas Storage and Transportation Platform Tres Palacios - located 100 miles southwest of Houston in Matagorda County, TX 38.4 Bcf of working gas capacity with expansion potential to 47.9 Bcf Situated near the Eagle Ford…
  11. CITIGROUP ONE ON ONE MLP CONFERENCE – Inergy, L.P. – slide 11
    NGL Supply & Logistics Operations leverage Inergys NGL assets West Coast NGL facility located near Bakersfield, CA between major West Coast demand centers and adjacent to Elk Hills NGL Storage and transportation, NGL fractionation…
  12. CITIGROUP ONE ON ONE MLP CONFERENCE – Inergy, L.P. – slide 12
    Gas Storage Facilities Thomas Seneca Tres Stagecoach Steuben Corners Lake Palacios 26.3 Bcf working gas 5.7 Bcf operational 6.2 Bcf working gas 1.5 Bcf working gas 38.4 Bcf working gas capacity working gas capacity capacity capacity…
  13. CITIGROUP ONE ON ONE MLP CONFERENCE – Inergy, L.P. – slide 13
    Transportation Overview North-South Pipeline FERC regulated firm transportation and wheeling services between TGP, Millennium and all points in between 325,000 dth/d capacity - 100% contracted with 5 year terms Phase II may add…
  14. CITIGROUP ONE ON ONE MLP CONFERENCE – Inergy, L.P. – slide 14
    NGL Storage Overview NGL Storage Facilities Position Inergy as a key NGL storage provider in the Marcellus Shale Provide value to our customers with significant storage capacity and multiple distribution channels to Northeast demand…
  15. CITIGROUP ONE ON ONE MLP CONFERENCE – Inergy, L.P. – slide 15
    Positioned for Future Opportunity Inergys recent events provide meaningful progress to positioning the company for the creation of long-term value for investors Inergys pure play midstream operations are strategically well-positioned…
  16. CITIGROUP ONE ON ONE MLP CONFERENCE – Inergy, L.P. – slide 16
    Financial Overview 17
  17. CITIGROUP ONE ON ONE MLP CONFERENCE – Inergy, L.P. – slide 17
    Financial Strength Recent events provide strong financial position from which to grow NRGY NRGM Strong and flexible capital structure Strong balance sheet with liquidity 550 million revolver maturing July 2016 600 million revolver…
  18. CITIGROUP ONE ON ONE MLP CONFERENCE – Inergy, L.P. – slide 18
    Capitalization NRGY NRGM As of June 30, 2012 NRGY NRGM Standalone NRGY As Standalone ( in millions) Preliminary Adjusted Preliminary Cash .. 4.9 4.9 - (a) Revolving general partnership credit facility .. 170.2 246.8 324.2 8…
  19. CITIGROUP ONE ON ONE MLP CONFERENCE – Inergy, L.P. – slide 19
    Visible Expansion Projects High-return midstream expansion projects generate substantial cash flow growth Expansion projects supported by long-term contracts Expansion Total Capital Expected Expected Projects (a) Investment Run-Rate…
  20. CITIGROUP ONE ON ONE MLP CONFERENCE – Inergy, L.P. – slide 20
    Investment Highlights Core natural gas infrastructure in the Northeast and Texas in the heart High Quality of the Marcellus Shale and adjacent to the Eagle Ford Shale Assets NGL assets uniquely positioned for the infrastructure…
  21. CITIGROUP ONE ON ONE MLP CONFERENCE – Inergy, L.P. – slide 21
    Appendix 22
  22. CITIGROUP ONE ON ONE MLP CONFERENCE – Inergy, L.P. – slide 22
    Storage & Transportation Contract Characteristics Strong demand for our services drives long-term contracted revenues Highly creditworthy customers create further cash flow stability Storage Contract Profile Storage Customer Type…
  23. CITIGROUP ONE ON ONE MLP CONFERENCE – Inergy, L.P. – slide 23
    Commonwealth Pipeline Overview Proposed 200 mile 30-36 natural gas pipeline project with up to 1.2 bcf/d capacity extending from southern end of Marc I pipeline to Dominions Cove Point LNG pipeline Market-pull project linking…
  24. CITIGROUP ONE ON ONE MLP CONFERENCE – Inergy, L.P. – slide 24
    Committed to Generating Industry-Leading Returns to Our Investors 25

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