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Q1 2011 Earnings Call – El Paso Pipeline Partners, L.P.

El Paso Pipeline Partners, L.P. · May 5, 2011 · 18 slides

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Slides

  1. Q1 2011 Earnings Call – El Paso Pipeline Partners, L.P. – slide 1
    El Paso Pipeline NYSE: EPB Partners www.eppipelinepartners.com May 5, 2011 T H E M L P T O O W N
  2. Q1 2011 Earnings Call – El Paso Pipeline Partners, L.P. – slide 2
    152 MM distributable cash flow Up 67% from 1Q 2010 Raised quarterly distribution to 0.46 21% increase from 1Q 2010 667 MM acquisition in March 25% of Southern Natural Gas Now own 85% Continued execution of successful growth…
  3. Q1 2011 Earnings Call – El Paso Pipeline Partners, L.P. – slide 3
    25% of Southern Natural Gas (SNG) AR SNG SC Purchase Price 667 MM; and SESH1 228 MM assumed debt1 AL MS GA Elba Island Contracted growth projects South System III South System III, Phase II & Phase III FL Southeast Supply…
  4. Q1 2011 Earnings Call – El Paso Pipeline Partners, L.P. – slide 4
    Per Unit 0.461 0.44 0.41 0.40 0.38 1Q 2010 2Q 2010 3Q 2010 4Q 2010 1Q 2011 Increased quarterly distribution every quarter since IPO 5 1 Announced April 19, 2011, to be paid May 13, 2011
  5. Q1 2011 Earnings Call – El Paso Pipeline Partners, L.P. – slide 5
    Millions, Except Per-Unit Data 0.57 0.53 230 152 171 91 1Q 2011 1Q 2010 1Q 2011 1Q 2010 1Q 2011 1Q 2010 Very good earnings growth Substantial increase in distributable cash flow 6 Note: See the First Quarter 2011…
  6. Q1 2011 Earnings Call – El Paso Pipeline Partners, L.P. – slide 6
    2011 vs. 2010 Year-to-date (Bcf/d) Weather Rockies Weather Exports 2.9 2.4 2.6 2.3 2.3 2.2 Colorado Interstate Gas Wyoming Interstate Co. Southern Natural Gas 1Q 2010 Avg. Throughput 1Q 2011 Avg. Throughput Throughput has…
  7. Q1 2011 Earnings Call – El Paso Pipeline Partners, L.P. – slide 7
    SNG quick facts Chattanooga 7,600 miles of pipeline TN AR Huntsville Design capacity - 3,700 MMcf/d Atlanta SC 2010 average throughput - Birmingham Augusta 2,505 BBtu/d MS Savannah 60 Bcf storage capacity AL Macon Montgomery…
  8. Q1 2011 Earnings Call – El Paso Pipeline Partners, L.P. – slide 8
    308 271 218 2006 2008 2010 1 Billion of capital invested over last 5 years 1 9 1 Includes maintenance and growth capex
  9. Q1 2011 Earnings Call – El Paso Pipeline Partners, L.P. – slide 9
    Chattanooga TN Huntsville 146 Delivery meters Birmingham SC into Alagasco & AGL Atlanta Augusta High number of Macon delivery points Montgomery GA Savannah provides customers AL Elba with flexibility, Island service…
  10. Q1 2011 Earnings Call – El Paso Pipeline Partners, L.P. – slide 10
    Top 5 customers comprise 60% of total revenue Customer base is predominantly investment grade All Others Consistent top-tier marks in independent customer Top 5 Shippers satisfaction survey (Mastio) More than a decade of…
  11. Q1 2011 Earnings Call – El Paso Pipeline Partners, L.P. – slide 11
    100% 2,500 89% 86% 87% 88% 79%1 2,065 80% 2,000 Thousands of Dth/d 1,617 60% 1,500 40% 1,000 20% 500 360 140 2 36 0% 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 After Stable cash flows supported by demand charges…
  12. Q1 2011 Earnings Call – El Paso Pipeline Partners, L.P. – slide 12
    SOUTH SYSTEM III TN 300 MM capex AR Looping along existing ROW Atlanta SC Fixed-price pipe MS 370 MMcf/d AL Fully subscribed, GA Southern Company, 20 years Elba Island Coal-to-gas plant conversion SESH South System III…
  13. Q1 2011 Earnings Call – El Paso Pipeline Partners, L.P. – slide 13
    TN Chattanooga AR Huntsville Both electricity SC demand growth & Birmingham Augusta coal plant MS conversions Savannah Macon Potential coal plant Montgomery GA conversions (2010 2019)1 AL 6 GW Jacksonville Tallahassee…
  14. Q1 2011 Earnings Call – El Paso Pipeline Partners, L.P. – slide 14
    Successfully completed 6th accretive acquisition from El Paso 25% SNG Significant contracted & future growth Growing while maintaining strong financial position Stable cash flow profile Consistent quarterly distribution growth Well…
  15. Q1 2011 Earnings Call – El Paso Pipeline Partners, L.P. – slide 15
    16
  16. Q1 2011 Earnings Call – El Paso Pipeline Partners, L.P. – slide 16
    Cash flows remain very stable, predictable Wyoming Interstate Company (WIC) Colorado Interstate Elba Express Gas (CIG) Pipeline (EE) % % 2010 Revenue Avg. Contract Asset Owned from Reservation1 Length2 Southern LNG (SLNG)…
  17. Q1 2011 Earnings Call – El Paso Pipeline Partners, L.P. – slide 17
    Public Unitholders 102,567,804 EPB Common Units 88,400,059 EPB LP Common Units GP interest and incentive distribution rights 45% Limited Partner 53% Limited Partner 2% General Partner 100% 100% 100% 85% 58% Wyoming Elba…
  18. Q1 2011 Earnings Call – El Paso Pipeline Partners, L.P. – slide 18
    El Paso Pipeline NYSE: EPB Partners www.eppipelinepartners.com May 5, 2011 T H E M L P T O O W N

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