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Q3 2014 EARNINGS PRESENTATION – Enbridge Energy Partners Lp

Enbridge Energy Partners Lp · Nov 3, 2014 · 13 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. Q3 2014 EARNINGS PRESENTATION – Enbridge Energy Partners Lp – slide 1
  2. Q3 2014 EARNINGS PRESENTATION – Enbridge Energy Partners Lp – slide 2
    Third Quarter 2014 Highlights Record Liquids System Deliveries Project Execution Equity Restructure ENB signals drop down intentions Initial drop down to EEP proposed 3
  3. Q3 2014 EARNINGS PRESENTATION – Enbridge Energy Partners Lp – slide 3
    Drop Downs Boost Distributable Cash Flow Initial Drop Down: 900 million drop down proposal from Enbridge 66.7% interest in the U.S. segment of Alberta Clipper pipeline (Line 67) Immediately accretive to DCF/unit 3% No public…
  4. Q3 2014 EARNINGS PRESENTATION – Enbridge Energy Partners Lp – slide 4
    Equity Restructure EEP Equity Restructuring Prospective Benefits Improves EEPs cost of capital Increases distributable cash available to LP unit holders Prior Structure Establishes momentum for distribution growth Enhances…
  5. Q3 2014 EARNINGS PRESENTATION – Enbridge Energy Partners Lp – slide 5
    2014 Project Execution Eastern Access: Ln 6B Replacement 160 miles of Line 6B replacement entered service May Remaining 50 mile replacement entered service September 2.1 billion* capital Mainline Expansions Line 61 expansion from…
  6. Q3 2014 EARNINGS PRESENTATION – Enbridge Energy Partners Lp – slide 6
    Market Access Programs Solid project execution to-date 2015 organic growth on target Fort 2013 McMurray Bakken Pipeline Expansion+ Berthold Rail - EEP Line 5 Expansion (+50 kbpd) - EEP Line 62 Expansion (+105 kbpd) - EEP Edmonton…
  7. Q3 2014 EARNINGS PRESENTATION – Enbridge Energy Partners Lp – slide 7
    Financial Summary Strong Operational Performance + Project Execution = Solid Financial Performance Financial Results Third Quarter 2014 Highlights (millions, except per unit amounts) 3Q 2014 3Q 2013 Adjusted EBITDA1 406.7 274.5 Record…
  8. Q3 2014 EARNINGS PRESENTATION – Enbridge Energy Partners Lp – slide 8
    Liquids Segment Results Adjusted Operating Income Volumes Lakehead Mid-Continent North Dakota 269.7 3.00 250 232.8 2.50 0.35 0.31 200 0.25 205.2 0.20 0.19 0.21 0.18 0.21 Volume by System (mmbpd) 185.8 2.00 0.20 0.22…
  9. Q3 2014 EARNINGS PRESENTATION – Enbridge Energy Partners Lp – slide 9
    Natural Gas Segment Adjusted Operating Income * Volumes / Rig Count (millions) 3Q 2014 YTD Anadarko East Texas North Texas Rig Count 3,000 400 (mmbtu/d in thousands) Adjusted Operating Income (3.2) 10.1 350 Volume by System…
  10. Q3 2014 EARNINGS PRESENTATION – Enbridge Energy Partners Lp – slide 10
    Reiterate 2014 Guidance* On-Track to Deliver Full Year 2014 Guidance: 1.5 - 1.6 Billion 1,600 4Q Outlook + Eastern Access Line 6B phase 2: Sept 30 + Line 61 Expansion: Aug 1 + Lakehead Tariff update: Aug 1 1,200 Adjusted EBITDA…
  11. Q3 2014 EARNINGS PRESENTATION – Enbridge Energy Partners Lp – slide 11
    Forecasted Capital Expenditures 2014 Capital Expenditures Available Liquidity* Eastern Access1 195 Credit Facilities Cash 2,500 US Mainline Expansions1 190 2,064 Sandpiper1 245 2,000 114 Line 6B 75-mile Replacement 10…
  12. Q3 2014 EARNINGS PRESENTATION – Enbridge Energy Partners Lp – slide 12
    Key Takeaways Record Lakehead and North Dakota system deliveries Coverage continues to strengthen as projects enter service Initial drop down proposal; ENB reinforces drop-down intentions Targeting 2% to 5% annual distribution…
  13. Q3 2014 EARNINGS PRESENTATION – Enbridge Energy Partners Lp – slide 13

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