Enterprise Products Partners L.P. Citi Basic Materials Symposium December 3, 2013 Lynn Bourdon www.enterpriseproducts.com Group Senior Vice President 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 approximately 75 billion 64th on Fortune 500 Integrated midstream energy system serving producers and consumers of…
Geographic and Business Diversification Provides Multiple Earnings Streams 4.7 Billion Gross Operating Margin 3 Year Growth Capital Allocation 20132015E (1) For 12 months ended September 30, 2013 10.0 Billion 17% 19% 52% 13%…
EPD Portfolio of Integrated Assets Major Asset Overview 51,000 miles of natural gas, NGL, crude oil, refined 22 NGL & Propylene fractionators products and petrochemical pipelines 6 offshore hub platforms 200 MMBbls of NGL, refined…
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 Pipeline Initial Origins 1,230-mile, 16 and 20 pipeline Initial capacity 125 MBPD, expandable to at least 260 MBPD 15 year ship-or-pay commitments…
Propane Dehydrogenation Unit (PDH) U.S. petrochemical industry is retooling 16 1000 to maximize ethane consumption; shift 15.2 14.7 to ethane by ethylene crackers has 14 900 reduced propylene production by 38% 12.8 800 Enterprise…
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…
The New ECHO Terminal The Crude Oil Crossroads of Southeast Texas Phase 1 in service 2Q 2014 Phase 2 in-service 4Q 20141Q 2015 Total Tankage Beltway 8 12 x 400 MBbl 5 x 250 MBbl 400 400 Phase 2 400 400 400 400 400 400 400…
Supply and Demand Fundamentals All rights reserved. Enterprise Products Partners L.P.
Shale Plays Source Rock Substantial AcreageDecades of Drilling POTENTIAL YEARS OF DRILLING Bakken / Williston 35 years (7,000,000 acres) Utica 80 years (13,000,000 Acres) Mancos / Niobrara Marcellus 100 years 45 years…
Gas Prices Fall as Shale Gas Grows NG as % of WTI vs. U.S. Shale Gas Production 140% 40 Shale Gas Production 120% Reaches Nearly 35 50% of Total Gas Production 30 100% NG as % of WTI 25 80% Bcf/d 20 60% 15 40%…
Supply Potential Exceeds All Market Scenarios: 50+ Bcf/d Available by 2025 Gas Price Required for 20% Before Income Tax (BFIT) Returns Substantial Supply Available Below 5 Includes NGL Upgrade (if any) 1 to 4 2 to 3 Bcf/d 1 to 2…
Lean, Rich, Super Rich Producer Econs. No Ethane Contribution Rich Gas Value per Mcf of Gas Forward 12 Month Strip Eagle Ford, Marcellus, Utica (C2 = 3% of Proceeds) Rockies, San Juan, Barnett, Mid-Continent (No C2…
Industry is No Stranger to Low Ethane Recovery Margins Gross Processing Margins (C2+) vs. (C3+) 110 C3+ 100 C2+ High C2 Margins 90 80 High C2 Low C2 Margins 70 Margins 60 Cents per Gallon 50 40 30 Low C2 Margins…
U.S. NGL Supply Potential Assuming Sufficient Markets 129 OTHER ROCKIES 961 1,103 APPALACHIAN 645 MID-CONTINENT PERMIAN NGL Components Current 2020 Potential Ethane* 970 2,425 875 Year 2020 Propane 838 1,401 5,153 MBPD…
U.S. NGLs Will See Steady Demand from Overseas Petchems World Ethylene Cash Cost Curve Imports of U.S. LPGs (and Ethane) U.S. Ethane U.S. LPG are required for global Petchems Advantage Advantage to remain competitive Sources: IHS…
NW Europe is a Prime Opportunity for a New Market for U.S. Ethane Potential Ethane Naphtha conversion (MTBV) (NWE) Price per Gallon 0.25 2.50 Ethylene Costs (Dollars per pound) 0.08 0.48 Advantage of 600 Million per Year Total…
Led by Enterprises Loadings, the U.S. is Now the Top Propane Exporter Top Propane Exporters 20122013 Forecast 100 80 60 MMbls 40 20 '12 '13 '12 '13 '12 '13 '12 '13 '12 '13 '12 '13 '12 '13 '12 '13 '12 '13 - U.S.A.…
The Importance of Exports Critical in Maintaining NGL Production Propane Inventory Forecast MMB (excludes Propylene) 140 Without exports, inventory overhang 2012 Inventories without likely devastating to rig counts Exports 120…
EPDs LPG Export System--- Far More Than a Dock EPD has 1,400 MBPD of total fractionation capacity Integrated pipeline and storage system with dedicated service for propane and butane exports Export capacity: Current LE propane…
U.S. Butane Exports Have Lagged OthersNot For Long Top LPG Exporters 130 20122013 Forecast 120 110 100 90 80 MMBbls 70 60 50 40 30 20 10 '12 '13 '12 '13 '12 '13 '12 '13 '12 '13 '12 '13 '12 '13 '12 '13 '12…
Changing Crude Flow EPDs Assets Are At The Center Of It All Canada Heavy (20122020) Light (20122020) 1.8 MMBPD to 3.1 MMBPD 0.7 MMBPD to 1.5MMBPD 2012 2020 2012 2020 Light Imports 20122020 1.2 MMBPD to 0 MMBPD 2012…
Summary Shale Technologies: thanks to shale technology, in less than one decade, U.S. hydrocarbon reserves have grown at a phenomenal and largely unexpected pace Private property rights, technology for horizontal drilling and fracking,…
Enterprise Products Partners L.P. Citi Basic Materials Symposium December 3, 2013 Lynn Bourdon www.enterpriseproducts.com Group Senior Vice President All rights reserved. Enterprise Products Partners L.P.
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…
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