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RBC CAPITAL MARKETS MLP CONFERENCE – Enlink Midstream Partners Lp

Enlink Midstream Partners Lp · Nov 19, 2014 · 21 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. RBC CAPITAL MARKETS MLP CONFERENCE – Enlink Midstream Partners Lp – slide 1
    RBC Capital Markets MLP Conference November 19, 2014 Strong. Innovative. Growing. 1
  2. RBC CAPITAL MARKETS MLP CONFERENCE – Enlink Midstream Partners Lp – slide 2
    Our Strategy: Stability Plus Growth Top tier midstream energy service for our customers Stability of cash flows 95% fee-based contracts 50% of gross operating margin from long-term Devon contracts Leverage Devon Energy sponsorship…
  3. RBC CAPITAL MARKETS MLP CONFERENCE – Enlink Midstream Partners Lp – slide 3
    The Vehicle for Sustainable Growth: Strategically Located and Complementary Assets Gathering and Transportation 8,800 miles of gathering and transmission lines 11 Bcf of natural gas storage capacity Gas Processing 13 plants with…
  4. RBC CAPITAL MARKETS MLP CONFERENCE – Enlink Midstream Partners Lp – slide 4
    The Vehicle for Sustainable Growth: MLP Structure with a Premier Sponsor Devon Energy Corp. Public NYSE: DVN Unitholders (BBB+ / Baa1) 70% 30% EnLink Midstream, LLC ENLC owns 100% of IDRs 51% General Partner 41% NYSE:…
  5. RBC CAPITAL MARKETS MLP CONFERENCE – Enlink Midstream Partners Lp – slide 5
    The Vehicle for Sustainable Growth: Diverse, Fee-Based Cash Flows Devon is EnLink Midstreams largest customer (50% of consolidated 2014E adjusted EBITDA*) EnLink Midstreams growth projects focused on crude/NGL services and rich gas…
  6. RBC CAPITAL MARKETS MLP CONFERENCE – Enlink Midstream Partners Lp – slide 6
    The Four Avenues for Growth 8
  7. RBC CAPITAL MARKETS MLP CONFERENCE – Enlink Midstream Partners Lp – slide 7
    The Four Avenues for Growth Progress in the Last 90 Days Capital Avenue 1: Commitment Drop Downs Ohio River Valley: E2 drop down complete 200 MM Avenue 2: West Texas: Ajax Plant & Martin County Expansion 200 MM+ Growing…
  8. RBC CAPITAL MARKETS MLP CONFERENCE – Enlink Midstream Partners Lp – slide 8
    Avenue 1: Drop Downs Devon Sponsorship Creates Drop Down Opportunities Devon Sponsorship Provides Potential for 375 MM of Adjusted EBITDA from Drop Downs 2014 2015 2016 2017 E2 Legacy Devon Midstream Assets * Drop Down Cost:…
  9. RBC CAPITAL MARKETS MLP CONFERENCE – Enlink Midstream Partners Lp – slide 9
    Avenue 1: Drop Downs E2 Drop Down in Ohio River Valley New Assets Three facilities operating, two under construction When completed, five facilities will have total capacity of 580 MMcf/d and 19,000 Bbl/d Strategic Benefits E2…
  10. RBC CAPITAL MARKETS MLP CONFERENCE – Enlink Midstream Partners Lp – slide 10
    Avenue 1: Future Drop Downs Devons Access & Victoria Express Pipelines Access Pipeline Victoria Express Pipeline Three 180 mile pipelines from Sturgeon 56 mile crude oil pipeline from Eagle Ford terminal to Devons thermal acreage…
  11. RBC CAPITAL MARKETS MLP CONFERENCE – Enlink Midstream Partners Lp – slide 11
    Avenue 2: Growing With Devon Martin County Expansion in West Texas New Assets Under Construction Ajax: 120 MMcf/d cryogenic processing plant 23-mile, 12 high pressure gathering pipeline AJAX and low pressure gathering systems…
  12. RBC CAPITAL MARKETS MLP CONFERENCE – Enlink Midstream Partners Lp – slide 12
    Avenue 2: Growing With Devon Significant Production Growth in Cana-Woodford EnLink Assets in the Cana-Woodford Devon Assets in the Cana-Woodford Pipeline: 410 miles, 530 MMcf/d capacity Devon Rigs in Cana Processing: one plant with…
  13. RBC CAPITAL MARKETS MLP CONFERENCE – Enlink Midstream Partners Lp – slide 13
    Avenue 3: Organic Growth Projects Cajun-Sibon Expansion Complete 258 miles of NGL pipeline from Mont Belvieu area to NGL fractionation assets in south Louisiana (195 miles new, 63 miles re-purposed) 140 MBbl/d south Louisiana…
  14. RBC CAPITAL MARKETS MLP CONFERENCE – Enlink Midstream Partners Lp – slide 14
    Avenue 3: Organic Growth Projects JV with Marathon to Build NGL Pipeline in South LA New Assets in Development 30-mile, 10 NGL pipeline from EnLinks Riverside fractionator to Marathon Petroleums Garyville refinery Expected to be…
  15. RBC CAPITAL MARKETS MLP CONFERENCE – Enlink Midstream Partners Lp – slide 15
    Avenue 3: Organic Growth Projects Ohio River Valley Condensate Pipeline, Stabilization & Compression System Expansion New Assets In Development 45-mile, 8 condensate pipeline with an expected capacity of 50,000 Bbl/d 6 new…
  16. RBC CAPITAL MARKETS MLP CONFERENCE – Enlink Midstream Partners Lp – slide 16
    Avenue 4: Mergers & Acquisitions Gulf Coast Natural Gas Assets Closed on 235 million acquisition from Chevron November 1st Creates opportunities to optimize Louisiana assets and convert redundant natural gas pipelines to other…
  17. RBC CAPITAL MARKETS MLP CONFERENCE – Enlink Midstream Partners Lp – slide 17
    EnLink Midstream Today & Tomorrow EnLink Midstream EnLink Midstream Today Potential Future in 2017 Access Pipeline CANADIAN Drop down ORV Condensate OIL Complete Pipeline and SANDS Heavy Oil Stabilizers Complete Potential…
  18. RBC CAPITAL MARKETS MLP CONFERENCE – Enlink Midstream Partners Lp – slide 18
    Financial Outlook 20
  19. RBC CAPITAL MARKETS MLP CONFERENCE – Enlink Midstream Partners Lp – slide 19
    Long Term Vision: EnLinks Key Financial Attributes Strong B/S Investment grade balance sheet at ENLK (BBB, Baa3) & Credit Debt/EBITDA of 3.5x Profile Diverse, 95% fee-based margin Louisiana Fee-Based Balanced cash flow (Devon 50%)…
  20. RBC CAPITAL MARKETS MLP CONFERENCE – Enlink Midstream Partners Lp – slide 20
    Long Term Vision: Stable and Diversified Cash Flows Each of EnLink Midstreams segments benefits from the stability provided by long-term, fee-based contracts % of Q4 2014 Segment / Key Contract Segment Cash Flow * Texas Devon…
  21. RBC CAPITAL MARKETS MLP CONFERENCE – Enlink Midstream Partners Lp – slide 21
    Our Strategy: Stability Plus Growth Top tier midstream energy service for our customers Stability of cash flows 95% fee-based contracts 50% of gross operating margin from long-term Devon contracts Leverage Devon Energy sponsorship…

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