EL PASO PIPELINE PARTNERS Fourth Quarter 2010 Financial & Operational Update February 24, 2011
Fourth Quarter 2010 Highlights 118 million distributable cash flow Up 91% from 4Q 2009 Raised quarterly distribution 22% from 4Q 2009 Executed largest acquisition to date (1.1 B) 49% SLNG & Elba Express, Express 15% SNG Placed…
2010 Key Takeaways 100% Southern LNG 2.4 B of 100% Elba Express Acquisitions 35% of Southern Natural Gas CIG Raton Expansion 320 MM Organic WIC System Expansion WIC System Expansion Growth Capital1 SNG South System III, Phase…
Larger & Enhanced Asset Portfolio 130% growth in total assets1 Cash flows remain very stable, predictable Wyoming Interstate Company (WIC) Colorado Interstate Elba Express Gas (CIG) Pi li (EE) Pipeline % % 2010 Revenue Avg.…
Substantial Growth in Distributions Per Unit 1.4x distribution coverage ratio1 0.44 22% 0.41 0.40 0.38 0.36 4Q 2009 1Q 2010 2Q 2010 3Q 2010 4Q 2010 Increased quarterly distribution every quarter since IPO 1 For both…
Fourth Quarter 2010 Key Financial Metrics Millions, Except Per Unit Data Earnings per Adjusted Distributable Common Unit EBITDA Cash Flow 0.53 0.51 212 118 143 62 4Q 2010 4Q 2009 4Q 2010 4Q 2009 4Q 2010 4Q 2009 Acquisitions…
Throughput by Pipeline 2010 0 0 vs. 2009 00 (Bcf/d) ( /d) Increased Lower Front Range Weather, power gen, competition demand due to industrial demand mild weather drive increase 2.7 2.5 2.5 2.3 2.3 2.1 Wyoming Interstate…
Growth Drives Excellent Results in 2010 Distributable cash flow up 65% Acquisitions propel EPB to one of the 10 largest MLPs Excellent organic growth execution Generated significant value for unit holders Momentum continues…
Appendix
Full Year 2010 Key Financial Metrics Millions, Except Per Unit Data Earnings per Adjusted Distributable Common Unit EBITDA Cash Flow 1.90 695 390 1.64 544 237 FY 2010 FY 2009 FY 2010 FY 2009 FY 2010 FY 2009 Delivering g…
EL PASO PIPELINE PARTNERS Fourth Quarter 2010 Financial & Operational Update February 24, 2011
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