Barclays CEO EnergyPower Conference September 5, 2012 Jim Teague www.enterpriseproducts.com EVP & COO All rights reserved. Enterprise Products Partners L.P.
Key Investment Considerations Largest publicly traded energy partnership in United States with an enterprise value of approximately 62 billion 62nd on Fortune 500 226th on Fortune Global 500 Integrated midstream energy system serving…
EPD Portfolio of Integrated Assets Major Asset Overview 50,700 miles of natural gas, NGL, crude oil, refined 20 NGL & Propylene fractionators products and petrochemical pipelines 6 offshore hub platforms 190 MMBbls of NGL, refined…
Leading Business Positions Across Midstream Energy Value Chain Midstream Energy Services Natural Gas Natural Gas Pipelines Storage Pipelines Ethane NGLs Propane Natural Gas Butane Pipelines Gas Processing Iso-Butane Natural NGL…
Geographic and Business Diversification Provide Multiple Earnings Streams 4.2 Billion Gross Operating Margin NGL Pipelines & Services (58%) For 12 months ended June 30, 2012 Natural gas processing & related NGL marketing activities…
Visibility to Growth 7.5 Billion Growth Projects Under Construction Investment in new natural gas, NGLs and crude oil infrastructure to support development of shale plays Eagle Ford shale Rockies Permian Basin / Avalon Shale / Bone…
7.5 Billion in Major Capital Projects Under Construction In Service Date 1Q12 2Q12 3Q12 4Q12 2013 20142015 Haynesville Gas Gathering Pipeline SE Stanley & Treating Facility DONE Eagle Ford Mixed NGL Pipeline & Ethane Cavern DONE Eagle…
Eagle Ford Shale Projects Cumulative Capital Expenditures 4 Billion Eagle Ford Crude / 800 800 Condensate Production 600 530 MBPD 400 Eagle Ford214 Crude / 200 Condensate Production 3 35 0 2009 2010 2011 2012 2013 Source:…
EPD 50% / PAA 50% Joint Venture Long-term commitments of 210 MBPD Targeted capacity of 350 MBPD Initial base tariff rate of 1.25/Bbl from Gardendale to all destinations 35-mile Three Rivers to Lyssy Pipeline: expected…
Shale Plays Drive Western NGL Pipeline Expansions MAPL Rocky Mountain NGL Pipeline Expansion 218 miles of 16 pipeline loops and 18 pump modifications to increase capacity from 275 MBPD to 340 MBPD 10-year, ship-or-pay agreements…
Appalachia to Texas (ATEX) Express P/L Transport Ethane from Marcellus / Utica Shale 200 Volumes 200 185 175 155 150 145 MBPD 100 Proposed Ethane Header P/L 120 50 95 105 550-mile pipeline system 65 75 75% would be…
Seaway Crude Oil Pipeline Relieves Cushing Bottleneck EPD 50% / ENB 50% JV to reverse flow of Seaway and expand capacity to provide Gulf Coast access to Mid-Continent, Bakken and Canadian shippers Completed pipeline reversal…
Propylene Supply / Demand Balances U.S. propylene demand remains Total Propylene Supply from Ethylene Crackers steady at 33 billion lbs. per year 16 Continued shift to higher margin 15.2 14.7 ethane cracking has significantly 14…
As a Result EPD announced plans to build one of the worlds largest PDH units along the Texas Gulf Coast Will consume up to 35 MBPD of propane to produce up to 1.65 billion lbs. per year (25 MBPD) of polymer grade propylene Will…
NGL Demand Growth by Petrochemical Industry All rights reserved. Enterprise Products Partners L.P.
Low Gas to Crude Spread Drives U.S. NGL Advantage Global Indicative Ethylene Cash Costs Indicative U.S. Ethylene Cracker Dollars Per Metric Ton Ethylene Margin Cents Per Pound Profit Margin by Feedstock 1,400 60 1,200 50 1,000 40…
Propane Exports / Imports 30 Top 5 Propane Exporters and U.S. Sources of incremental global demand for 25 propane Lower than expected propane production in MMBbls / Month 20 Mexico and South America 15 Incremental demand from…
Financial All rights reserved. Enterprise Products Partners L.P.
EPD Financial Snapshot Unit Price / Yield Debt Capitalization (as of June 30, 2012) EPD LP Unit Price (August 30, 2012) 53.19 Senior Unsecured Debt (Billions) 13.5 Current Annualized Cash Distribution Rate 2.54 Junior Subordinated…
EPD and AMZ MLP Index Attractive Total Return vs. Other Asset Classes 10-Year 5-Year 3-Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 6M 2012 1 1 1 CAGR CAGR CAGR Commodities EPD EPD EPD EPD Commodities…
Non-GAAP Reconciliations All rights reserved. Enterprise Products Partners L.P.
Gross Operating Margin We evaluate segment performance based on the non-GAAP financial measure of gross operating margin. Gross operating margin (either in total or by individual segment) is an important performance measure of the core…
Adjusted EBITDA Adjusted EBITDA is commonly used as a supplemental financial measure by our management and external users of our financial statements, such as investors, commercial banks, research analysts and ratings agencies to…
Distributable Cash Flow Distributable cash flow is an important non-GAAP financial measure for our limited partners since it serves as an indicator of our success in providing a cash return on investment. Specifically, this financial…
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