Raymond James Institutional Investors Conference – Enterprise Products Partners LP

Enterprise Products Partners LP · Mar 4, 2013 · 25 slides

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Enterprise Products Partners L.P. Raymond James Institutional Investors Conference March 4, 2013 Randy Fowler www.enterpriseproducts.com EVP & CFO All rights reserved. Enterprise Products Partners L.P.
Key Investment Considerations Largest publicly traded energy partnership with an enterprise value of approximately 66 billion 62nd on Fortune 500; 226th on Fortune Global 500 Diversified cash flow from over 35 billion in assets…
Geographic and Business Diversification Provide Multiple Earnings Streams (1) 4.4 Billion Gross Operating Margin 5 Year Growth Capital Allocation 20112015E For 12 months ended December 31, 2012 13.4 Billion 18% 27% 13% 46% 56%…
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…
Continually Evaluating Emerging Shale / Non-Conventional Plays Williston Basin Appalachian Basin Bakken Appalachian Basin Marcellus Utica Jonah Powder River Basin Pinedale Niobrara Michigan Basin Uinta Basin Antrim Mancos Denver…
Visibility to Growth: 7 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 EPD Growth Projects All rights reserved. Enterprise Products Partners L.P.
EPDs Eagle Ford Shale Projects Cumulative Capital Expenditures: 4 Billion 2.7 Billion Placed In Service Eagle Ford Crude / 900 Condensate Production 800 600 550 MBPD 300 Eagle Ford Crude / 214 Condensate Production 3 35 0…
Newly Built Assets Exceeding Expectations Yoakum Inlet MTBV Fractionation (4, 5 & 6) MMcf/d MBPD Yoakum NGL Production Performance from our Yoakum facility has exceeded our expectations, including recovery flexibility MBPD…
Seaway Crude Oil Pipeline Relieves Cushing Bottleneck Seaway JV reversed flow and expanded capacity to provide Gulf Coast access for Mid- Continent, Bakken and Canadian crude oil Constructing 512-mile, ECHO Crude Oil Terminal…
Appalachia to Texas (ATEX) Express P/L Transport Ethane from Marcellus / Utica Shale 140 Contracted Volumes 120 100 MBPD 80 60 131 116 104 40 81 68 Proposed Ethane Header 20 Pipeline 0 2014 2015 2016 2017 2018 550-mile…
LPG Exports Continue at Unprecedented Pace CPG International Propane Arb Top 5 Propane Exporters and U.S. 30 25 MMBbls / Month 20 15 10 5 0 2007 2008 2009 2010 2011 1H 2012 Saudi Arabia Qatar United Arab Emirates…
Propane Export Destinations EPD Loaded 46 MMBbls in 2012 Europe 6.8 MMBbls Far East 3.7 MMBbls Mexico 10.8 MMBbls Caribbean 6.0 MMBbls Central America 1.3 MMBbls South America 17.3 MMBbls All rights reserved.…
Increased Ethane Usage Reduces U.S. Propylene and Butadiene Supply Ethane demand increasing vs. naphtha due to favorable economics 16 1000 15.2 14.7 U.S. petrochemical industry is retooling 14 900 to maximize ethane consumption…
Propane Dehydrogenation Plant (PDH) 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…
Financial All rights reserved. Enterprise Products Partners L.P.
Macro Cost Environment Supportive to Capital Investment North America Steel Costs Pipeline Labor Costs 1,600 50 1,400 45 1,200 40 /Man Hour /S.Ton 1,000 800 35 600 30 400 200 25 - 20 HR Coil Plate National…
(1) Solid Operating Performance 15 Natural Gas Pipeline 14.5 Liquids Pipeline Volumes 14.3 4,300 4,289 Volumes 4,181 13 12.7 4,100 11.9 4,024 3,990 11.0 11 3,900 TBtu/d MBPD Offshore 9 3,704 3,700 Onshore 7…
Drives Strong Financial Results 4.5 Gross Operating Margin 4.4 4.5 Distributable Cash Flow (DCF) 4.1 3.9 3.8 3.5 3.5 3.3 Billions Billions 2.9 2.5 2.3 2.6 2.5 1.6 1.5 1.4 1.5 0.5 2008 2009 2010 2011 2012 2008 2009 2010…
History of Financial Discipline While Executing Growth Strategy (1) (2) Total Growth Capex & Debt Leverage 50 major capital growth 4.0 3.9 4.6x 4.7x projects totaling 8.0 billion 3.5 3.6 of investment were completed 3.1 4.5x…
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 1 1 1 CAGR CAGR CAGR REIT Commodities IG Bonds MLP Index EPD EPD EPD EPD REIT EPD EPD EPD 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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