Enterprise Products Partners L.P. Barclays CEO Energy-Power Conference September 2013 Randy Fowler www.enterpriseproducts.com EVP & CFO All rights reserved. Enterprise Products Partners L.P.
Key Investment Considerations One of the largest U.S. publicly traded energy partnerships with an enterprise value of more than 70 billion 64th on Fortune 500 Integrated midstream energy system serving producers and consumers of…
EPD Portfolio of Integrated Assets Major Asset Overview 50,000 miles of natural gas, NGL, crude oil, refined 21 NGL & Propylene fractionators products and petrochemical pipelines 6 offshore hub platforms 200 MMBbls of NGL, refined…
Geographic and Business Diversification Provides Multiple Earnings Streams 4.7 Billion Gross Operating Margin 5 Year Growth Capital Allocation 20112015E (1) For 12 months ended June 30, 2013 15.4 Billion 17% 22% 51% 14% 44%…
Low Gas to Crude Spread Continuing to Drive U.S. NGL Advantage NYMEX Natural Gas Price as a % of Crude Bcf/d U.S. Ethane Demand / Ethylene Production 180% 30 1,000 65 931 935 160% 915 60 25 140% 900 884 55 000 Barrels/Day…
U.S. NGL Supply Potential Assuming Sufficient Markets 975 ROCKIES 902 APPALACHIAN 694 MID-CONTINENT 839 131 4966 PERMIAN NGL Components OTHER Total Mbd 1425 Ethane 2,321 GULF COAST Propane 1,353 Normal Butane 473…
Visibility to Growth: 8.0 Billion in Major Capital Projects Under Construction In Service Date 1Q 2013 2Q 2013 3Q 2013 4Q 2013 2014 2015 NGL Pipeline & Services Eagle Ford Yoakum Gas Processing Facility (Phase III additional 300…
Major NGL Capital Growth Projects Western Pipeline Expansions Front Range JV: EPD, Anadarko and DCP 435 miles of 16 pipe; DJ basin to Skellytown; connections to Texas Express and MAPL Capacity: 150 MBPD, expandable to 230 MBPD 10…
Major NGL Capital Growth Projects ATEX and Aegis Ethane Pipelines ATEX Express 140 ATEX C2 Contracted Volumes 1,230 mile pipeline 120 Capacity: 190 MBPD, expandable with 100 system enhancements 80 MBPD 15 year ship-or-pay 60…
Propane Exports Global Supply / Demand Supply EPD 6 Mos. 2013: 36 MMBbls North Sea / Northwest Europe Decline in North Sea output and ongoing field and terminal maintenance Exports Loaded % of Destination Market programs impact…
Propane Dehydrogenation (PDH) Project Drivers Ethane demand increasing vs. naphtha due to favorable economics 16 15.2 1000 14.7 U.S. petrochemical industry is retooling to 900 14 maximize ethane consumption 12.8 800 Shift to…
Changing Crude Oil Flow EPDs Assets Are At The Center Of It All 2012 2020 Canada: Canada: Heavy Light Heavy Light 1.8 MMBPD 0.7 MMBPD 3.1 MMBPD 1.5 MMBPD USGC is 45% of U.S. USGC 45% of U.S. Light Refining Capacity Light…
Major Crude Oil Growth Projects Seaway JV Looping & Laterals 512 mile, 30 parallel pipeline Supported by commitments up to 20 years 45 mile, 36 lateral from Jones Creek to ECHO 96 mile, 30 lateral from ECHO to Beaumont / Port…
ECHO Connectivity Growing Volumes, Multiple Grades4 MMBbls of Demand Valero Lyondell PRSI Shell Deer Park Beaumont / Port Arthur Galena Park Bertron Speed Exxon Baytown Pasadena Delivery Morgans Point Genoa Junction…
Financial All rights reserved. Enterprise Products Partners L.P.
S&P 500 Fun Facts With an enterprise value of more than 70 billion, EPD ranks 49th overall Largest Energy Companies by Enterprise Value Largest Utility Companies by Enterprise Value 1 Exxon Mobil Corporation 415,004 1 Duke Energy…
EPD and AMZ MLP Index Attractive Total Return vs. 9 Other Asset Classes 10-Year 5-Year 3-Year 2006 2007 2008 2009 2010 2011 2012 6M 2013 1 1 1 CAGR CAGR CAGR REIT Commodities IG Bonds MLP Index EPD EPD EPDEPD REIT EPDEPD EPD EPD…
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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