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2014 ANNUAL MEETING OF STOCKHOLDERS – Phillips 66

Phillips 66 · May 7, 2014 · 17 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. 2014 ANNUAL MEETING OF STOCKHOLDERS – Phillips 66 – slide 1
    Investing Building Growing 2014 Annual Meeting of Stockholders May 7, 2014 Houston, TX
  2. 2014 ANNUAL MEETING OF STOCKHOLDERS – Phillips 66 – slide 2
    Delivering on Commitments 2013 Key Initiatives Leading Operating Excellence Growth Establish MLP Progress USGC petrochemicals project Returns Increase advantaged crude runs Maintain capital discipline Manage costs Grow…
  3. 2014 ANNUAL MEETING OF STOCKHOLDERS – Phillips 66 – slide 3
    2013 Accomplishments Operating Excellence See appendix for footnotes. 4
  4. 2014 ANNUAL MEETING OF STOCKHOLDERS – Phillips 66 – slide 4
    2013 Accomplishments Growth Launched Phillips 66 Partners Advanced Sweeny NGL fractionator and Freeport LPG export terminal Approved USGC petrochemicals project DCP completed NGL pipelines and G&P projects Invested 2.0 B…
  5. 2014 ANNUAL MEETING OF STOCKHOLDERS – Phillips 66 – slide 5
    2013 Accomplishments Returns See appendix for footnotes. 6
  6. 2014 ANNUAL MEETING OF STOCKHOLDERS – Phillips 66 – slide 6
    2013 Accomplishments Distributions 6 B returned to Phillips 66 shareholders See appendix for footnotes. 7
  7. 2014 ANNUAL MEETING OF STOCKHOLDERS – Phillips 66 – slide 7
    Providing Energy, Improving Lives 30,000 Number of 2013 employee hours donated to local communities 47 Number of U.S. colleges and universities supported in 2013 2.5 million Number of children that have learned to swim under the…
  8. 2014 ANNUAL MEETING OF STOCKHOLDERS – Phillips 66 – slide 8
    Strategic Drivers North American oil and gas production growth U.S. feedstock and energy cost advantage Developing markets driving global demand Differentiated segment valuations 9
  9. 2014 ANNUAL MEETING OF STOCKHOLDERS – Phillips 66 – slide 9
    Corporate Strategy Operating excellence Growth Returns Distributions High-performing organization 10
  10. 2014 ANNUAL MEETING OF STOCKHOLDERS – Phillips 66 – slide 10
    Strong Portfolio of Growth Opportunities 12 B growth projects 2014E 2016E Focused on highly valued businesses 70% of capital program invested in growth Top-quartile MLP growth See appendix for footnotes. 11
  11. 2014 ANNUAL MEETING OF STOCKHOLDERS – Phillips 66 – slide 11
    Enhancing Refining Returns Increasing advantaged crude Improving yields Expanding export capacity Managing costs 12
  12. 2014 ANNUAL MEETING OF STOCKHOLDERS – Phillips 66 – slide 12
    Disciplined Capital Allocation Investment Sustain operations Fund capacity growth Generate competitive returns Distributions Double-digit dividend growth rate Repurchase shares Capital Structure Maintain financial flexibility…
  13. 2014 ANNUAL MEETING OF STOCKHOLDERS – Phillips 66 – slide 13
    High-Performing Organization Create sustainable differentiated performance Focus on getting results the right way Collaborate and empower others Be agile to adapt to changing landscape 14
  14. 2014 ANNUAL MEETING OF STOCKHOLDERS – Phillips 66 – slide 14
    A Promising Future Unique portfolio Leading shareholder returns Growing opportunities A great place to work Chart depicts total shareholder return. See appendix for footnotes. 15
  15. 2014 ANNUAL MEETING OF STOCKHOLDERS – Phillips 66 – slide 15
    16
  16. 2014 ANNUAL MEETING OF STOCKHOLDERS – Phillips 66 – slide 16
    Non-GAAP Reconciliations Millions of Dollars Year Ended December 31, 2013 Refining Midstream Chemicals and M&S Numerator Net income 486 986 2,641 After-tax interest expense - - - GAAP ROCE earnings 486 986 2,641 Special items - -…
  17. 2014 ANNUAL MEETING OF STOCKHOLDERS – Phillips 66 – slide 17
    Non-GAAP Reconciliations Millions of Dollars Except as Indicated Years Ended December 31 5-Year Average Refining - ROCE Numerator Average 2009 - 2013 net income 1,103 After-tax interest expense - GAAP ROCE earnings 1,103 Special Items…

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