SEPs Sustainable Growth Story Gregory J. Rizzo President & CEO Spectra Energy Partners September 16, 2009 NAPTP MLP Investor Conference
Safe Harbor Statement Some of the statements in this document concerning future company performance will be forward-looking within the meanings of the securities laws. Actual results may materially differ from those discussed in these…
Our Key Attributes Attractive Assets Strong Sponsorship Growth Opportunities Financial Strength Value to Unitholders Spectra Energy Partners September 16, 2009 NAPTP MLP Investor Conference 2
Track Record of Providing Value to Unitholders 39 37 Distribution per LP Unit (in cents) 35 Raised distribution to 38 cents 33 per limited partner unit 31 Seventh consecutive increase in quarterly distribution 29 CAGR…
Our Assets East Tennessee Natural Ozark Gas Transmission Saltville Gas Storage Market Hub Partners Gulfstream Natural Gas Gas & Ozark Gas Gathering (100%) (50%) (24.5%) (100%) (100%) 1,510 mile interstate 4 Bcf high 565 mile…
Our Sponsor Spectra Energy Corp 2008 Natural Gas Pipeline Throughput 3.6 Tcf Miles of Transmission Pipe 19,100 Miles of Gathering Pipe 62,500 Spectra Energy Corp (NYSE: Miles of Distribution Pipe 37,000 Storage Capacity 285 Bcf SE)…
Our Strategy Optimizing Our Assets Continued building on foundation of contracted capacity Integration and optimization of Ozark Growing the Business Our History & Plans East Tennessee acquired in 2000 9 Capacity increased from 0.7…
East Tennessee: Well Positioned ETNG is well positioned to connect to emerging supplies to its system and to redeliver to NE & SE markets. Scalable growth Good customer mix: LDCs, power plants, producers Positioned to…
Ozark Update Acquisition announced, closed and financed all in the 2nd quarter Transition and integration progressing well Well-positioned assets with a good mix of customers Interconnects with Spectra Energys Texas Eastern…
Market Hub Partners Expansion Update Expansion projects proceeding well Current capacity 37 Bcf Will reach 42 Bcf in 2009 Moving to 52 Bcf by 2012 Expansion Projects Underway Egan Cavern 3 5.5 Bcf phasing in-service in 2009…
Gulfstream Natural Gas Project Update Gulfstream Phase V Additional 35,000 Dth/d of new firm service from Coden, Alabama to west- central Florida Facilities: Install Solar Titan 130 (20,500 HP), with water cooling, at Station 420…
The Outlook for Natural Gas Use Natural gas will be a key resource for North Americas energy needs: Abundant Domestic Clean burning Natural production estimates indicate 100+ year supply Shale resources, improved technologies…
www.spectraenergypartners.com Spectra Energy Partners September 16, 2009 NAPTP MLP Investor Conference
Appendix A Financial Information Spectra Energy Partners September 16, 2009 NAPTP MLP Investor Conference
Cash Available for Distribution ( millions) Three Months Ended June 30, 2009 2008 Adjusted EBITDA 27.8 19.5 Add: Cash available from equity investments Gulfstream 6.3 4.5 Market Hub Partners 10.4 9.4 Preliminary project costs…
Debt and Available Liquidity ( millions) Closed and financed the Ozark acquisition while maintaining a strong financial position At June 30, 2009 At March 31, 2009 Debt East Tennessee Natural Gas (5.71%; Due 2012) 150 150 Other…
SEC Regulation G Spectra Energy Partners September 16, 2009 NAPTP MLP Investor Conference
SEC Regulation G Non-GAAP Reconciliation for SEC Regulation G 2nd Quarter 2009 Earnings Review August 5, 2009 Adjusted Earnings Before Interest, Taxes and Depreciation and Amortization (EBITDA) The materials for Spectra Energy…
Reconciliation of Net Income to Cash Available for Distribution Spectra Energy Partners, LP ( millions) Adjusted EBITDA and Cash Available for Distribution June 2009 (Unaudited) (In millions) Spectra Energy Partners Reconciliation…
Reconciliation of Net Income to Cash Available for Distribution (Gulfstream) Spectra Energy Partners, LP ( millions) Gulfstream - Adjusted EBITDA and Cash Available for Distribution June 2009 (Unaudited) (In millions) Gulfstream…
Reconciliation of Net Income to Cash Available for Distribution (Market Hub) Spectra Energy Partners, LP ( millions) Market Hub - Adjusted EBITDA and Cash Available for Distribution June 2009 (Unaudited) (In millions) Market Hub…
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