EL PASO PIPELINE PARTNERS Second Quarter 2010 Financial & Operational Update August 4, 2010
Executing on Growth Four accretive drop-down transactions since IPO Interests in premier pipeline and LNG assets WIC (100%) Assets have grown four-fold to more than CIG Elba Express 4 billion (58%) SNG (51%) (45%) SLNG…
Consistent Cash Distribution Growth Per Unit 0.40 21% 0.38 0.36 0.35 0.33 2Q 2009 3Q 2009 4Q 2009 1Q 2010 2Q 2010* Increased quarterly distribution every quarter since IPO *Announced 7/20/10, to be paid 8/13/10 4
Second Quarter 2010 Key Financial Metrics Millions, Except Per Unit Data Earnings per Adjusted Distributable Common Unit EBITDA Cash Flow 0.45 128.4 88.5 0.38 101.3 54.8 2Q 2010 2Q 2009 2Q 2010 2Q 2009 2Q 2010 2Q 2009…
Financial Position Remains Strong 327 million total liquidity 54% debt to capitalization 1.4x distribution coverage 6
Throughput by Region Year to date: 2010 vs. 2009 Throughput Ups Downs Rockies production WIC -5% (now recovering) Rockies production CIG -10% (now recovering) SNG 7% Cold weather; industrial demand 5% overall decrease 90%+…
Major Expansion Projects 2011 & ( Millions) 1H 2010 2H 2010 Beyond 100% share growth capital 128 272 474 EPB consolidated 90 124 281 WIC System Expansion EPB pro rata1 63 150 243 4Q 2010 CIG Raton Elba Express B 4Q 2010 1Q…
WIC System Expansion CIG WY WIC Cheyenne Plains Ruby Project Highlights WIC System 71 MM capex Expansion 320 MMcf/d NE Opal Fully subscribed,10 years Mid-point Wamsutter Cheyenne In-service 4Q 2010 Compressor Compressor…
CIG Raton 2010 CIG WIC WY Cheyenne Plains Project Highlights Ruby 146 MM capex 130 MMcf/d NE Opal 92% subscribed, Cheyenne 1011 years In-service 4Q 2010 Denver Project scope/progress UT CO Under construction Raton 2010 At…
SNG South System III Project highlights AL Atlanta SC 352 MM capex MS GA 370 MMcf/d Fully subscribed, 20 years Elba Coal to gas plant Island Initial in-service Jan. 2011 South System III Project scope/progress FL Looping along…
Strong Performance Continues Cash flow and earnings growth continues Successful SNG acquisition 4.2 billion in total assets 0.9 billion at IPO in 2007 Organic expansions on-time/on-budget Executing on growth objectives 12
EL PASO PIPELINE PARTNERS Second Quarter 2010 Financial & Operational Update August 4, 2010
Appendix
Ownership Structure Public Unitholders Public Unitholders 63,658,350 EPB 60,672,648 EPB Common Units Common Units 27,727,411 EPB Subordinated Units GP interest and incentive distribution rights 57% Limited Partner 41% Limited…