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Q3 2010 OPERATIONAL UPDATE – EP Energy Corp

EP Energy Corp · Nov 3, 2010 · 13 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. Q3 2010 OPERATIONAL UPDATE – EP Energy Corp – slide 1
    EL PASO PIPELINE PARTNERS Third Quarter 2010 Financial & Operational Update November 3, 2010
  2. Q3 2010 OPERATIONAL UPDATE – EP Energy Corp – slide 2
    Delivering Excellent Results 84.4 MM distributable cash flow Up 53% from 3Q 2009 Executing on growth strategy WIC (100%) Acquisition momentum Successful equity offering415 MM CIG (58%) Elba Express (51%) SNG Pursuing…
  3. Q3 2010 OPERATIONAL UPDATE – EP Energy Corp – slide 3
    Continued Growth Profile March 810 MM acquisition June 51% of SLNG/Elba Exp. 492 MM acquisition 425 MM debt offering 20% interest in SNG September 110 MM debt offering 415 MM equity offering January 325 MM equity offering 236 MM…
  4. Q3 2010 OPERATIONAL UPDATE – EP Energy Corp – slide 4
    Consistent Cash Distribution Growth Per Unit 17% 0.41 0.40 0.38 0.36 0.35 3Q 2009 4Q 2009 1Q 2010 2Q 2010 3Q 2010* Quarterly distribution 14% CAGR since IPO *Announced 10/22/10, to be paid 11/15/10 5
  5. Q3 2010 OPERATIONAL UPDATE – EP Energy Corp – slide 5
    Third Quarter Key Financial Metrics Millions, Except Per Unit Data Adjusted EPU Adjusted EBITDA Distributable Excluding Non-cash Charge* Cash Flow 0.47 126.9 84.4 101.8 0.35 55.1 3Q 2010 3Q 2009 3Q 2010 3Q 2009 3Q 2010 3Q…
  6. Q3 2010 OPERATIONAL UPDATE – EP Energy Corp – slide 6
    Financial Metrics Remain Strong 740 million total liquidity* 49% debt to capitalization 1.2x distribution coverage in 3Q *Includes 415 MM of proceeds from common equity offering in September 2010 7 As of September 30, 2010
  7. Q3 2010 OPERATIONAL UPDATE – EP Energy Corp – slide 7
    Throughput by Region Year to date: 2010 vs. 2009 Throughput Driving Factors Changes WIC -5% Lower Rockies production, but recovering CIG -8% Lower Rockies production, but recovering SNG 7% Weather, power gen growth, industrial…
  8. Q3 2010 OPERATIONAL UPDATE – EP Energy Corp – slide 8
    Major Expansion Projects Remaining 2011 & ( Millions) 2010 YTD 2010 Beyond 100% share growth capital 205 152 432 EPB consolidated 119 67 266 WIC System Expansion EPB pro rata1 106 82 215 4Q 2010 CIG Raton Elba Express B 4Q…
  9. Q3 2010 OPERATIONAL UPDATE – EP Energy Corp – slide 9
    Delivering Organic Growth Capital expenditures 65 MM* under budget WIC (100%) WIC System Expansion 320 MMcf/d, Fully subscribed Elba Express 10 year contracts SNG (51%) Placed in-service Nov. 1 (45%) CIG (58%) SLNG (51%)…
  10. Q3 2010 OPERATIONAL UPDATE – EP Energy Corp – slide 10
    Premier Assets Deliver Exceptional Results Continued financial and operational success Increased quarterly distribution Executing on growth strategy Strong financial position for future 11
  11. Q3 2010 OPERATIONAL UPDATE – EP Energy Corp – slide 11
    EL PASO PIPELINE PARTNERS Third Quarter 2010 Financial & Operational Update November 3, 2010
  12. Q3 2010 OPERATIONAL UPDATE – EP Energy Corp – slide 12
    Appendix
  13. Q3 2010 OPERATIONAL UPDATE – EP Energy Corp – slide 13
    Ownership Structure Public Unitholders Public Unitholders 76,883,350 EPB 60,672,648 EPB Common Units Common Units 27,727,411 EPB Subordinated Units GP interest and incentive distribution rights 46% Limited Partner 52% Limited…

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