Skip to main content CITI GLOBAL ENERGY AND UTILITIES CONFERENCE – Phillips 66 Investor Presentation | Shale Experts
Loading...
Pm

CITI GLOBAL ENERGY AND UTILITIES CONFERENCE – Phillips 66

Phillips 66 · May 15, 2013 · 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. CITI GLOBAL ENERGY AND UTILITIES CONFERENCE – Phillips 66 – slide 1
    Citi Global Energy and Utilities Conference Tim Taylor Executive Vice President, Commercial, Marketing, Transportation and Business Development May 15, 2013 Boston, MA
  2. CITI GLOBAL ENERGY AND UTILITIES CONFERENCE – Phillips 66 – slide 2
    Phillips 66 Strategy Operating excellence Growth Returns Distributions High-performing organization Providing energy, improving lives 3
  3. CITI GLOBAL ENERGY AND UTILITIES CONFERENCE – Phillips 66 – slide 3
    Segment Strategy Midstream: Build on existing base Chemicals: Grow capacity and earnings Grow Transportation and NGL Operations Pursue organic growth through CPChem Pursue organic growth through DCP Execute mega-projects Filed S-1…
  4. CITI GLOBAL ENERGY AND UTILITIES CONFERENCE – Phillips 66 – slide 4
    Midstream - Large Platform for Growth Capital Program (B) 2.0 1.5 1.0 0.5 0.0 2010 2011 2012 2013 NGL Operations Fractionator Budget Transportation Storage DCP Midstream Gas Plant Transportation NGL Operations Pipeline…
  5. CITI GLOBAL ENERGY AND UTILITIES CONFERENCE – Phillips 66 – slide 5
    Chemicals - Growth Projects 2012 2013 2014 2015 2016 2017+ Capital Program (B) SPCo Petrochemicals (35% ownership) 0.6 1,200 kMTA Sweeny Frac Expansion 22 MBD 0.4 1-Hexene 250 kMTA 0.2 USGC Petrochemicals 1,500 kMTA…
  6. CITI GLOBAL ENERGY AND UTILITIES CONFERENCE – Phillips 66 – slide 6
    Refining - Enhancing Returns U.S. Refining Crudes (MBD) Brent LLS/ANS Heavy Canadian WTI/WTS Current 3+ Years Extensive U.S. refining portfolio Infrastructure and commercial capabilities Shifting to 100% advantaged…
  7. CITI GLOBAL ENERGY AND UTILITIES CONFERENCE – Phillips 66 – slide 7
    Refining - Enhancing Returns Distillate Yield Export Capacity (Percentage of processed inputs) (MBD) Industry 400 40.8% 39.9% 40.2% 39.5% 320 37.4% West 37.1% 35.8% Gulf East 2010 2011 2012 2013E Current 3+ Years…
  8. CITI GLOBAL ENERGY AND UTILITIES CONFERENCE – Phillips 66 – slide 8
    Marketing & Specialties Capital Program (B) 0.2 0.1 Branded Market Share 20% Manufacturing Locations: 10 - 20% Lubricants PSPI - Flow Improvers 5 - 10% Power Generation 0.1 - 5% Refinery Locations 0.0 0% 2010 2011 2012…
  9. CITI GLOBAL ENERGY AND UTILITIES CONFERENCE – Phillips 66 – slide 9
    Financial Strategy Adjusted Earnings (MM) 22% Disciplined capital Midstream Chemicals allocation Marketing & Specialties 14% 5.4 Refining Corporate ROCE Growing shareholder 7% 3.6 distributions 2% 1.8 0.5 Enhanced…
  10. CITI GLOBAL ENERGY AND UTILITIES CONFERENCE – Phillips 66 – slide 10
    Capital Allocation 2013E Sources and Uses of Cash (B) Sustaining capital Share Repurchases Increasing distributions Debt Repayment 6.0 1.0 Growth Capital 0.8 Growth capital Dividends 0.8 1.0 Sustaining Capital Financial…
  11. CITI GLOBAL ENERGY AND UTILITIES CONFERENCE – Phillips 66 – slide 11
    A Promising Future Operating excellence Growth Returns Distributions High-performing organization 12
  12. CITI GLOBAL ENERGY AND UTILITIES CONFERENCE – Phillips 66 – slide 12
    Institutional Investors Contact: Rosy C. Zuklic rosy.zuklicp66.com Manager, Investor Relations 832-765-2297 Appendix
  13. CITI GLOBAL ENERGY AND UTILITIES CONFERENCE – Phillips 66 – slide 13
    Non-GAAP Reconciliations Reconciliation of Earnings to Adjusted Earnings Millions of Dollars 1Q13 1Q12 4Q12 2012 2011 2010 2009 Consolidated Earnings (loss) 1,407 636 708 4,124 4,775 735 476 Adjustments: Net (gain) loss on asset sales…
  14. CITI GLOBAL ENERGY AND UTILITIES CONFERENCE – Phillips 66 – slide 14
    Non-GAAP Reconciliations Reconciliation of Earnings to Adjusted Earnings Millions of Dollars 1Q13 1Q12 4Q12 2012 2011 2010 2009 Midstream Earnings (loss) 110 108 92 53 2,149 386 386 Adjustments: Net (gain) loss on asset sales - - - -…
  15. CITI GLOBAL ENERGY AND UTILITIES CONFERENCE – Phillips 66 – slide 15
    Non-GAAP Reconciliations Reconciliation of Earnings to Adjusted Earnings Millions of Dollars 1Q13 1Q12 4Q12 2012 2011 2010 2009 Refining Earnings (loss) 922 393 363 3,217 1,529 (545) (536) Adjustments: Net (gain) loss on asset sales…
  16. CITI GLOBAL ENERGY AND UTILITIES CONFERENCE – Phillips 66 – slide 16
    Non-GAAP Reconciliations 2009 2010 2011 2012 2013 YTD Phillips 66 - ROCE Numerator (MM) Net Income 479 740 4,780 4,131 1,410 After-tax interest expense 1 1 11 160 46 GAAP ROCE earnings 480 741 4,791 4,291 1,456 Special Items 21…
  17. CITI GLOBAL ENERGY AND UTILITIES CONFERENCE – Phillips 66 – slide 17
    Non-GAAP Reconciliations 2010 2011 2012 2013 YTD 2010 2011 2012 2013 YTD Refining - ROCE Marketing & Specialties - ROCE Numerator (MM) Numerator (MM) Net Income (545) 1,529 3,217 922 Net Income 567 573 465 188 After-tax interest…

From the store

Browse maps, data & reports in the Shale Experts store