Enable Midstream Partners, LP Second Quarter 2015 Conference Call August 5, 2015
Non-GAAP Financial Measures The Partnership has included the non-GAAP financial measures gross margin, Adjusted EBITDA and distributable cash flow in this presentation based on information in its condensed combined and consolidated…
Enable Midstream Highlights Announced a second quarter 2015 distribution of 0.316/unit 1.1% increase over the first quarter 2015 distribution 10% increase over the partnerships minimum quarter distribution Reaffirming 2015…
Anadarko Gathering and Processing Highlights Enable has a strong Anadarko basin footprint covering a number of key active plays, including the SCOOP, STACK, Cana Woodford, Cleveland Sands, Tonkawa, Marmaton and Mississippi Lime plays…
Anadarko Gathering and Processing Highlights The South Central Oklahoma Oil Province (SCOOP) remains a strong, active play Currently, 15 rigs are active in the SCOOP drilling wells to be connected to Enables gathering systems…
Anadarko Gathering and Processing Highlights Producers also remain active in the STACK and Cana Woodford plays Enable is connecting wells in the STACK from a dedicated producer targeting the Meramec reservoir The Cana Woodford play…
Ark-La-Tex and Arkoma G&P Highlights The Ark-La-Tex and Arkoma basins are primarily fee-based basins with significant minimum volume commitment and guaranteed return contracts In the Haynesville, new entrants are driving increased…
Bakken Crude Gathering Highlights Crude gathered volumes continue to grow as additional wells are connected to Enables crude gathering systems The Bear Den system, a 19,500 Bbl/d system, is now fully operational with recent peak…
Transportation and Storage Highlights Supply Solutions Announcing an Enable Gas Transmission (EGT) system expansion involving new shipper commitments from the EGT open season in excess of 175,000 Dth/d The Bradley Lateral, an EGT…
Growth Strategy The oil and gas industry remains challenged but Enable has continued to effectively execute on its growth strategy Successful expansion and recontracting of transportation and storage capacity as demonstrated by todays…
Second Quarter Operating Statistics Q2 2015 Q2 2014 Gathered volumes (TBtu/d) 3.19 3.41 Natural gas processed volumes (TBtu/d) 1.84 1.55 NGLs produced (MBbls/d)1 74.19 69.47 Condensate sold (MBbls/d) 5.43 4.28 Crude Oil Gathered…
Second Quarter Results in millions Q2 2015 Q2 2014 Gross Margin 313 349 Gathering and Processing 181 203 Transportation and Storage 133 146 Operation and Maintenance Expense 131 129 Net Income 1 77 120 Adjusted EBITDA 197…
Outlook Assumptions Enable continues to see increased producer activity around its Anadarko basin footprint and increased demand for natural gas transportation services Enables outlook is based on current estimates of producer volumes…
Financial And Operational Outlook in millions 2015 Outlook 2016 Outlook 2017 Outlook Natural Gas Gathered Volumes (Tbtu/d) 3.2 3.4 3.4 3.8 Natural Gas Processed Volumes (Tbtu/d) 1.7 1.9 2.1 2.4 Crude Oil Gathered Volumes (MBbl/d)…
Expansion Capital Outlook in millions 2015 Outlook 2016 Outlook 2017 Outlook Contracted Expansion 700 900 700 900 200 500 Acquisitions 80 N/A N/A Identified Opportunities 0 100 300 500 400 600 Total 780 1,080 1,000 1,400 600…
Commodity Exposure Enable targets fee-based contracts on a firm basis, when possible Some gathering and processing contracts have provisions to protect against low commodity price environments and volume decreases Commodity…
A Compelling Investment Opportunity Consistent distribution growth since IPO Outlook for per-unit distribution growth through 2017 Currently no burden from incentive distribution rights (IDRs) Large-scale, integrated assets in…
Question and Answer Question & Answer 19
Appendix Appendix 20
Non-GAAP Reconciliations 3 Months Ended June 30 In millions 2015 2014 Revenues 590 827 Cost of goods sold, excluding depreciation and amortization 277 478 Gross Margin 313 349 Net income attributable to Enable Midstream Partners, LP 77…
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