Customer Driven Energy Infrastructure FirstEnergy Capital Corp. East Coast Energy Conference Jim Bertram, CEO March 13, 2014
Keyera (TSX:KEY) Strong History of Financial Performance 900 Total Cumulative Return of 100 Investment Since 2003 21.9% 800 Compound annual 700 TSR1 7.8% 600 500 400 300 200 100 CAGR2 in dividends 1.1Bn per share KEY…
Keyera - One of the Largest Midstream Operators in Canada Canadian Industry Focus Keyera Business Driver Natural gas producers require Liquids-rich natural significant infrastructure to gas production support growing natural gas…
Integrated Business Lines Superior Service Offering * Includes intersegment transactions. Operating margin refers to total operating revenues less total operating expenses and G&A expenses associated with the Marketing segment.…
Gathering and Processing Business Unit Well maintained, long-life facilities MONTNEY 2.4 Bcf/d licensed gross capacity Keyera operates 14 of 15 plants NGL extraction capability at 95% of plants Extensive gathering systems DUVERNAY…
Producers active in area Simonette Expanding to Handle New NuVista Paramount 7 Generations Sinopec Daylight Gas Production Harvest Exxon Mobil CIOC Wapiti pipelines Opening new capture area northwest of plant in Wapiti /…
Northern Duvernay Majors Acquiring Significant Land Positions Emerging natural gas resource development east of Simonette Initial indications are that Duvernay gas contains high levels of condensate and other NGLs Significant…
Southern Duvernay Significant Infrastructure in Place Today Producers active in the Keyera is well positioned with: West Central Area: Encana. 10 plants (1.9 bcf/d processing capacity Shell Talisman and liquids recovery) Sinopec…
Enhancing Service Offering at Rimbey Adding 400 MMcf/d turbo expander to enhance liquids extraction Ethane capacity 20 Mbbls/d Project underpinned by long-term ethane purchase agreement Gross capital 210 million Expected start-up…
Liquids Business Unit NGL Infrastructure is a fee-for-service business providing: 80,000 bbls/d of fractionation capacity at 5 locations Rail & truck handling facilities, including a 1,500+ rail car fleet 11.4 million barrels of…
Oil Sands Multi-Decade Resource1 Canada has 3rd largest oil reserves in world; 97% are in the oil sands Reserve base of 168 Billion barrels recoverable represents approximately half of world oil reserves not under sovereign control…
Providing Customers with Significant Receipt and Delivery Flexibility Diluent Demand Expected to Grow Significantly Keyeras Fort Saskatchewan Condensate System MB/d Oil Sands Condensate (Diluent) Demand (Risked) 900 FORECAST 800 700…
Norlite Pipeline Leveraging our Condensate Infrastructure Enbridge proceeding with development of Norlite pipeline, a diluent pipeline from Fort Saskatchewan to Athabasca oil sands region Norlite shippers may access Keyeras…
Adding De-ethanization at KFS Adding a 30 Mbbls/d de-ethanizer at Keyeras Fort Saskatchewan Fractionation and Storage Facility (KFS) Project will enable fractionation of an ethane-rich stream of NGLs (C2+ mix) and increase the…
Expanding C3+ Fractionation at Fort Saskatchewan Producers increasingly looking for NGL fractionation and marketing services tied to natural gas processing services Alberta fractionators, including Keyeras, are operating near…
Alberta Crude Terminal Developing Crude By Rail Loading in Edmonton Area 50/50 partnership with Kinder Morgan 40,000 Bbls/d crude oil loading facilities Access to all crude qualities from Kinder Morgan Potential for up to 125,000…
South Cheecham Terminal Extending our Logistics Footprint South Cheecham Rail and Truck Terminal completed in Q3, 2013 Ownership Keyera 50%, Enbridge 50% Terminal capable of receiving diluent and solvents and loading dilbit and…
Josephburg Rail Terminal Enhancing Keyeras Infrastructure Josephburg terminal will help address the need for new propane rail infrastructure to handle: Cochin propane volumes when the pipeline is taken out of propane service…
Significant Growth Investments Available and Underway Future Storage South Cheecham ACT Future Enhancing NGL Norlite Diluent Pipeline Caverns Expansion Expansion Recoveries at Gas Plants Josephburg Rail New Gas Hull, Texas Simonette…
Growth Projects Currently Under Development Capital Cost Projects Millions1 2013 2014 2015 2016 Rimbey turbo expander 210 Wapiti raw gas and condensate pipelines 180 Simonette plant modifications 90 Strachan sulphur projects 85 Gas…
Conservative Capital Structure Key Debt Metrics 2.0 x Net debt 1 / LTM EBITDA1 13% Net debt 1 / Enterprise value2 1 Net debt was 770.3 million and is net of working capital and LTM EBITDA was 379.3 million. As at Dec 31, 2013 (adjusted…
In Summary - Our Platform for Success Track record of steady value creation Positioned to benefit from liquids-rich gas Stable cash flows with demonstrated growth production Focused strategy, disciplined approach Positioned to…
Trading Metrics KEY Trading Symbols (TSX) 66.35 Common Share Price1 5.3 B Market Capitalization1 6.0 B Enterprise Value1,2 79.3 M Common Shares Outstanding3 166,234 Daily Trading Volume4 2.40 Annualized Dividend per Share…
For Further Information Contact: John Cobb Vice-President, Investor Relations or Julie Puddell Manager, Investor Relations 888-699-4853 irkeyera.com Keyera Corp. 600, 144 4 Avenue SW Calgary, Alberta T2P 3N4 WWW.KEYERA.COM