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Annual and Special Meeting – Pembina Pipeline Corp

Pembina Pipeline Corp · May 9, 2014 · 31 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. Annual and Special Meeting – Pembina Pipeline Corp – slide 1
    ANNUAL & SPECIAL MEETING TSX: PPL, NYSE: PBA May 9, 2014 1
  2. Annual and Special Meeting – Pembina Pipeline Corp – slide 2
    CEO'S REMARKS Mick Dilger, President & Chief Executive Officer 2
  3. Annual and Special Meeting – Pembina Pipeline Corp – slide 3
    CELEBRATING OUR 60TH ANNIVERSARY 4
  4. Annual and Special Meeting – Pembina Pipeline Corp – slide 4
    CORPORATE OVERVIEW VIDEO Pembina Oil Field, Main Pump Station, 1956 5
  5. Annual and Special Meeting – Pembina Pipeline Corp – slide 5
    PEMBINA IS A UNIQUE INVESTMENT OPPORTUNITY Pembina represents a pure play energy infrastructure company that allows investors to participate in the resurgent volume growth of the Western Canadian Sedimentary Basin Well-Positioned…
  6. Annual and Special Meeting – Pembina Pipeline Corp – slide 6
    CORPORATE PROFILE TSX: PPLNYSE: PBA Common shares outstanding (1) 322 million TSX common share trading price (1) 42.52 TSX 52-week trading range (1) 30.36 - 43.14 Market capitalization (2) 14.9 billion Total enterprise value…
  7. Annual and Special Meeting – Pembina Pipeline Corp – slide 7
    OUR BUSINESSES AT A GLANCE Oil Sands & Heavy Oil 1,650 km of pipelines with 880 mbpd of contracted capacity 2013 Operating Margin* Oil Sands Gas Services & Heavy 368 MMcf/d net natural gas Oil 14% processing capacity; 405…
  8. Annual and Special Meeting – Pembina Pipeline Corp – slide 8
    SOLID Q1 2014 RESULTS 50% Increase in EBITDA* 22% Increase in adj. CFPS* 350 1.00 300 0.75 Dollars/share Millions 250 200 0.50 150 100 0.25 50 0 0.00 Q1 2014 Q1 2013 Q1 2014 Q1 2013 34% Increase in EBITDA*…
  9. Annual and Special Meeting – Pembina Pipeline Corp – slide 9
    2014 CAPITAL SPENDING PLAN 1,800 1.7 billion* 4% 1,600 15% Total 2014 planned Capex = 1,400 9% 76% higher than 2013 and largest in 1,200 Pembina's history 21% 1,000 60% directed towards NGL-related value (…
  10. Annual and Special Meeting – Pembina Pipeline Corp – slide 10
    ASSETS AND MAJOR PLAYS IN WCSB Map for illustrative purposes only. ATHABASCA OIL SANDS SLAVE POINT MONTNEY FORT FORT ST. JOHN MCMURRAY SEAL PELICAN LAKE VALLEYVIEW GRANDE PRAIRIE SWAN HILLS SWAN HILLS DEEP BASIN PRINCE…
  11. Annual and Special Meeting – Pembina Pipeline Corp – slide 11
    CUSTOMER FOCUSED VALUE CHAIN Conventional HVP Gas Services Pipelines Midstream Mainline Extraction 60% of 2014 capex Production Gathering, Processing, HVP Feeder Consumption Field Pipelines Terminalling Logistics Fractionation…
  12. Annual and Special Meeting – Pembina Pipeline Corp – slide 12
    STRONG MARKET PERFORMANCE (10-YEAR) 500 % total return* * Jan 1, 2004 Dec 31, 2013, inclusive of dividends reinvested. 10 % CAGR in ACFPS* 2004 2013 18 * See Non-GAAP and additional GAAP measures. % average compound…
  13. Annual and Special Meeting – Pembina Pipeline Corp – slide 13
    STRONG MARKET PERFORMANCE Significant total return outperformance in 2013 calendar year compared to both the composite index (+25%) and average peer performance (+20%) 10 Year Total Return PPL vs. S&P/TSX(1) 2013 Calendar Year Total…
  14. Annual and Special Meeting – Pembina Pipeline Corp – slide 14
    CONVENTIONAL PIPELINES COULD MORE THAN DOUBLE CAPACITY 1,400 1,400 mbpd 1,200 1,000 320 800 53 55 mbpd 52 40 600 175 400 453 200 Pre-Expansion Phase I Phase II Phase III Phase III (Ultimate Total…
  15. Annual and Special Meeting – Pembina Pipeline Corp – slide 15
    2 BILLION PHASE III EXPANSION ALBERTA FT. ST. 1,000 mbpd ultimate JOHN capacity on Peace & Northern TAYLOR GORDONDALE Pipelines DAWSON CREEK Phase III will have 320 mbpd VALLEYVIEW initial capacity between Fox Creek and…
  16. Annual and Special Meeting – Pembina Pipeline Corp – slide 16
    OIL SANDS & HEAVY OIL CAPACITY GROWING 1,400 1,300 mbpd 1,200 1,000 32 800 95 mbpd 250 600 136 400 114 200 275 Syncrude Syncrude Cheecham Lateral Horizon Nipisi & Mitsue Nipisi & Mistue Potential Total…
  17. Annual and Special Meeting – Pembina Pipeline Corp – slide 17
    GAS SERVICES EXPANDING TO MEET CUSTOMER DEMAND 1,198 MMcf/d 1,200 60,000 200 1,000 50,000 100 130 800 40,000 bpd (NGL and C5 output) 200 MMcf/d 600 30,000 50 400 205 Additional 56% of contracted 20,000 growth…
  18. Annual and Special Meeting – Pembina Pipeline Corp – slide 18
    NATURAL GAS LIQUIDS FRACTIONATION GROWTH 300 257 mbpd 250 200 9 bpd 150 73 100 9 8 50 85 Sarnia & RFS I RFS Debottleneck C3+ Debottleneck RFS II RFS II C3+ RFS III Total Debottleneck In-service…
  19. Annual and Special Meeting – Pembina Pipeline Corp – slide 19
    NATURAL GAS LIQUIDS - SALT CAVERN STORAGE 40 37 MM bbls 35 30 millions of barrels 25 20 2.6 15 10 16.7 5 0 RFS In-Service RFS Under RFS Potential Growth Corunna Potential Total Development Growth…
  20. Annual and Special Meeting – Pembina Pipeline Corp – slide 20
    ABOVE GROUND STORAGE POTENTIAL 2,000 1.8 mmbbls 1,800 1,600 600 1,400 Thousands of barrels 1,200 1,000 540 800 600 330 400 200 300 Existing Storage PNT-E PNT-E (Under Construction) PNT-H (Under…
  21. Annual and Special Meeting – Pembina Pipeline Corp – slide 21
    PEMBINA NEXUS TERMINAL EDMONTON/FORT SASKATCHEWAN AREA Crude oil Dilbit Synthetic Crude Diluent Heavy Export Red indicates Pembina- owned existing and proposed pipelines and connections Dashed lines and/or grey text…
  22. Annual and Special Meeting – Pembina Pipeline Corp – slide 22
    FOCUSED ON FEE-FOR-SERVICE PROJECTS Capital Red indicates projects under Projects (all fee-for-service) In-Service (CMM) construction or development Conventional Pipelines Phase II Crude Oil, Condensate & NGL 695 2014-2015…
  23. Annual and Special Meeting – Pembina Pipeline Corp – slide 23
    LIQUIDITY & ACCESS TO CAPITAL Access capital at attractive rates 10-year coupon average: 3.88%(1) Capital Structure(3) DRIP(2) currently raising 26 million per month; raised 2% 286 million for full year 2013 1.5 billion credit…
  24. Annual and Special Meeting – Pembina Pipeline Corp – slide 24
    INTEGRITY MANAGEMENT PROGRAM Outstanding pipeline integrity performance No notable releases Pipeline preparation for expansion volumes Completed integrity work in anticipation of expansions on the Peace and Northern pipeline…
  25. Annual and Special Meeting – Pembina Pipeline Corp – slide 25
    SAFE AND RELIABLE OPERATIONS Our Safety, Environment & Security management system is deeply embedded in our corporate culture We view all accidents, injuries and incidents as preventable Loss management programs and procedures…
  26. Annual and Special Meeting – Pembina Pipeline Corp – slide 26
    STAKEHOLDER RELATIONS & COMMUNITY INVESTMENT Pembina supports Invested over 2 million and was the top energy division donator to the United organizations that: Way in 2013 Advance education Committed to ensuring the communities…
  27. Annual and Special Meeting – Pembina Pipeline Corp – slide 27
    SUMMARY Strategically located and well-established Highly contracted and stable cash flow infrastructure Fee-for-service focused capital program Extensive asset footprint with high barriers to entry Strong growth portfolio Assets…
  28. Annual and Special Meeting – Pembina Pipeline Corp – slide 28
    Q&A 29
  29. Annual and Special Meeting – Pembina Pipeline Corp – slide 29
    GOING THE DISTANCE BOB MICHALESKI Chief Executive Officer MICK DILGER President & Chief Executive Officer MICK DILGER President & Chief Operating Officer PETER ROBERTSON Senior Vice President, Chief Financial Officer PETER ROBERTSON…
  30. Annual and Special Meeting – Pembina Pipeline Corp – slide 30
    APPENDIX
  31. Annual and Special Meeting – Pembina Pipeline Corp – slide 31
    NON-GAAP AND ADDITIONAL GAAP MEASURES This presentation uses certain terms that are not defined by GAAP but are used by management of Pembina to evaluate Pembina's performance. Non-GAAP and additional GAAP financial measures do not have…

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