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MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc.

Centerpoint Energy, Inc. · Mar 15, 2013 · 35 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. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 1
    Investing Today for Tomorrows Energy Infrastructure Investor Introduction and Overview March 2013 NYSE: CNP NYSE: OGE investors.centerpointenergy.com oge.com/investor-relations
  2. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 2
    Forward Looking Statement This document does not constitute an offer to sell or a solicitation of an offer to buy any securities described herein, nor shall there be any sale of such securities in any state or jurisdiction in which…
  3. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 3
    Transaction Overview CenterPoint Energy (CNP), OGE Energy Corp. (OGE) and ArcLight Capital (ArcLight) are forming a midstream partnership composed of CNPs Field Services and Interstate Pipelines and OGEs and Transaction ArcLights…
  4. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 4
    Midstream Partnership Formation (NYSE:CNP) (NYSE:OGE) 50% 50% Governance Governance 40% IDR Interest 60% IDR Interest General Partner 59% 28% 13% LP LP LP Interest Midstream Interest Interest Partnership CNP Assets:…
  5. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 5
    Strong Credit Metrics and Liquidity CenterPoint Energy Resources Corp. (CERC) A Subsidiary of CenterPoint Energy General Partner Midstream Partnership DEBT LIQUIDITY Three-Year Bank Term Loan 1,050(1) Five-Year Revolver…
  6. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 6
    Benefits of the Partnership Enhanced scale, with more than 10.7 billion of combined assets Geographic diversification, with operations in major natural gas and liquids- rich producing areas of Oklahoma, Texas, Arkansas and…
  7. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 7
    Midstream Partnership Increased Scale, Scope and Supply Diversity March 2013 investors.centerpointenergy.com oge.com/investor-relations 7
  8. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 8
    Diversified Asset Base Area CNP Midstream Enogex New Midstream Partnership 8,400 miles Interstate pipelines Nearly 2,300 miles Intrastate pipelines 8,400 miles Interstate pipelines Nearly 9 TBtu/d throughput capacity Nearly 2,300…
  9. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 9
    Balanced Mix of Dry Gas and Liquids-Rich Plays Significant Producer Activity Across Key Conventional and Shale Basins Mississippi Lime Unconventional Plays Heat Map Index Wet Gas 0 25 Rigs Predominantly Dry gas 26 50 Rigs…
  10. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 10
    Expanded High Quality Producer Customer Base Minimal Customer Overlap Average Throughput, MMBtu/d CenterPoint Energy Field Services Enogex Table reflects each Companys top ten producer throughput as of December 31, 2012…
  11. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 11
    APPENDIX: Background Information March 2013 investors.centerpointenergy.com oge.com/investor-relations 11
  12. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 12
    CenterPoint Energy Background Information March 2013 investors.centerpointenergy.com oge.com/investor-relations 12
  13. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 13
    CenterPoint Energy, Inc (NYSE: CNP) Domestic Energy Delivery with 147 Year Operating History Strategically located assets and attractive service territories that provide operating scale and diversification of risk Regulated and…
  14. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 14
    CenterPoint Energy Interstate Pipelines Three pipeline segments across nine states- CEGT with Line CP, MRT, SESH Long-term agreements with affiliated LDCs extended into 2021 Nearly 40% of contracted demand serves LDCs and industrial…
  15. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 15
    CenterPoint Energy Field Services Secure core business through superior customer service and product offerings Attractive margins despite highly competitive business dynamics Relatively low risk business model utilizing volume…
  16. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 16
    OGE Background Information March 2013 investors.centerpointenergy.com oge.com/investor-relations 16
  17. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 17
    OGE Energy Corp. (NYSE: OGE) Domestic Energy Delivery with 111 Year Operating History Vertically integrated electric utility (OG&E) and natural gas midstream business (Enogex) Over 90% of earnings derived from utility or fee-based…
  18. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 18
    Enogex, LLC Expanding midcontinent footprint primarily in the gathering and processing businesses Over 2.5 million acres of long-term acreage dedications in Western Oklahoma, the Texas Panhandle and the Southeast Cana regions…
  19. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 19
    Detailed Asset Overview CenterPoint Energy Midstream March 2013 investors.centerpointenergy.com oge.com/investor-relations 19
  20. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 20
    CenterPoint Energy Midstream Asset Overview March 2013 investors.centerpointenergy.com oge.com/investor-relations 20
  21. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 21
    CenterPoint Energy Gas Transmission (CEGT) CEGT Top Customers (% Revenues) CNP Gas Operations Oneok Energy Services Laclede Group ANR pipeline Southwestern Electric Power Other Note: The above data does not reflect shippers…
  22. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 22
    CNPs Line CP Line CP Top Customers (% Revenues) Chesapeake Energy PetroHawk Exxon Mobil/ XTO BP Energy EOG Resources Other Note: The above data only reflects shippers on Line CP and does not reflect shippers on the rest of…
  23. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 23
    CNPs Perryville Hub (PVH) Diverse supply sources MRT PV Core Barnett, Fayetteville, Woodford, Haynesville, Cana-Woodford, SONAT PV Core Mississippi Lime, and Granite Wash shale plays Midla Core LGS Sterlington Traditional Arkoma,…
  24. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 24
    CNPs Mississippi River Transmission (MRT) MRT Top Customers (% of Revenues) Fayetteville Shale Woodford Shale Laclede Group CenterPoint Energy Services CEGT US Steel Ameren Illinois Other Haynesville Shale Barnett…
  25. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 25
    CNPs Southeast Supply Header (SESH) Pipeline Summary 50/50 joint venture between CenterPoint and Spectra Energy CenterPoint provides field operations Spectra provides commercial operations SONAT undivided interest in first…
  26. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 26
    CenterPoint Energy Field Services (CEFS) Assets in three major gas traditional and shale basins Arkoma Basin Anadarko basin Arkoma basin (includes Woodford and Fayetteville shales) Ark-La-Tex basin (includes Haynesville…
  27. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 27
    Detailed Asset Overview Enogex LLC March 2013 investors.centerpointenergy.com oge.com/investor-relations 27
  28. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 28
    Enogex Asset Overview March 2013 investors.centerpointenergy.com oge.com/investor-relations 28
  29. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 29
    Large acreage dedications Western Oklahoma, the Texas Panhandle and Mississippi Lime NW Cana (less rich) Devon Cimarex Continental Questar Mississippi Lime (oil / rich gas) Devon Slawson Various Others Greater Granite…
  30. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 30
    Enogex Rich Gas Header System Source: Enogex management presentation (November 2012) March 2013 investors.centerpointenergy.com oge.com/investor-relations 30
  31. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 31
    Enogex Processing Plants Nameplate Processing Year Capacity Plant Installed Type of Plant (MMcf/d) Calumet 1969 Lean Oil 250 Thomas 1981 Cryogenic 135 Wetumka 1983 Cryogenic 60 Cox City 1994 Cryogenic 60 Canute 1996 Cryogenic…
  32. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 32
    Enogex Expanding Position in the Mid-Continent March 2013 investors.centerpointenergy.com oge.com/investor-relations 32
  33. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 33
    Enogex Transportation Strategically located transportation assets 2,250 miles intrastate transportation pipelines Average throughput of 2.1 TBtu/d OG&E and PSO are two largest customers Deliver natural gas to 15 electric…
  34. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 34
    Enogex Storage Overview The two natural gas storage facilities on the east side of the Enogex system provide approximately 24 Bcf of working gas capacity to customers. The Wetumka storage field Services the majority of the power…
  35. MARCH 3012 INVESTOR INTRODUCTION AND OVERVIEW – Centerpoint Energy, Inc. – slide 35
    Reconciliation of EBITDA to GAAP As reported ( millions) Year Ended December 31, 2012 CenterPoint Energy Field Services Interstate Pipelines Midstream Group Operating Income 214 207 421 Add: Depreciation and amortization 50 56…

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