SEPs Sustainable Growth Story Gregory Rizzo President and Chief Executive Officer Spectra Energy Partners January 27, 2010 TPH MLP Mini Conference 2010
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…
An Attractive Investment Opportunity Natural Gas Infrastructure Company Interstate gas pipelines & storage Fee-based, stable cash flow business Fully contracted asset base Long-term contracts No direct commodity exposure Strong…
Strategy = Sustainable Growth 41 39 Annual distribution equivalent of ution per LP Unit (in cents) 37 1.64 per LP Unit 35 Recently increased quarterly 33 distribution by 0.01 0 01 per LP Unit 31 to 0.41 per LP Unit 29…
Our Assets & Projects 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%) SEP Operating Totals: Transmission…
www.spectraenergypartners.com Spectra Energy Partners January 27, 2010 TPH MLP Mini Conference 2010
Appendix A Financial Information Spectra Energy Partners January 27, 2010 TPH MLP Mini Conference 2010
Cash Available for Distribution ( millions) Three Months Ended Nine Months Ended September 30, September 30, 2009 2008 2009 2008 Adjusted EBITDA 33.5 16.8 84.0 58.6 Add: Cash Available for Distribution from Gulfstream 14.4 12.8 32.6…
3rd Quarter and Year-to-date Earnings Summary ( millions) Three Months Ended Nine Months Ended September 30, September 30, 2009 2008 2009 2008 STATEMENTS OF OPERATIONS Operating revenues 49.8 29.5 126.7 91.7 Operating expenses 23 7…
Debt and Available Liquidity ( millions) SEP maintains a strong financial position At Sept. 30, 2009 At June 30, 2009 Debt East Tennessee Natural Gas (5.71%; (5 71%; Due 2012) 150 150 Other Floating Rate Debt 270 269 Total Debt…
Appendix B Other Information Spectra Energy Partners January 27, 2010 TPH MLP Mini Conference 2010
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)…
Spectra Energy Partners Eligible Holders As a result of certain FERC rate-making policies, we require an owner of our common units to be an Eligible Holder. Eligible Holders are individuals or entities subject to United States federal…
SEC Regulation G Spectra Energy Partners January 27, 2010 TPH MLP Mini Conference 2010
SEC Regulation G Non-GAAP Reconciliation for SEC Regulation G TPH MLP Mini Conference 2010, Houston January 27, 2010 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 Adjusted EBITDA and Cash Available for Distribution September 2009 (Unaudited) (In millions) Spectra Energy Partners Reconciliation of…
Reconciliation of Net Income to Cash Available for Distribution (Gulfstream) Spectra Energy Partners, LP Gulfstream - Adjusted EBITDA and Cash Available for Distribution September 2009 (Unaudited) (In millions) Gulfstream…
Reconciliation of Net Income to Cash Available for Distribution (Market Hub) Spectra Energy Partners, LP Market Hub - Adjusted EBITDA and Cash Available for Distribution September 2009 (Unaudited) (In millions) Market Hub…
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