BARCLAYS CEO ENERGY-POWER CONFERENCE September 10, 2015
MARKWEST STRATEGY: BASED ON SERVICE AND EXECUTION Create the top performing midstream MLP in the industry by consistently providing best-of-class service and relentless pursuit of safe, efficient, and effective solutions for our…
MARKWEST TIMELINE: FOCUSED ON INDUSTRY-LEADING CUSTOMER SERVICE & EXECUTION 2002 IPO of MarkWest Energy Partners: Less than 100 million of market capitalization 2002 Annual Report 2002 Rapid growth in Southwest primarily through…
GROWTH DRIVEN BY CUSTOMER SATISFACTION MarkWest has received the 1 rating for total customer satisfaction in every EnergyPoint Research survey since its inception in 2006 6
MARKWEST - ONE OF THE LARGEST MIDSTREAM SERVICE PROVIDERS 1.4 Bcf/d Transmission Capacity 2.9 Bcf/d 5.0 Bcf/d 304 MBbl/d 259 MBbl/d Total Gathering Total Processed Total NGL Total Fractionated Volumes Volumes Production…
U.S. NATURAL GAS SUPPLY & DEMAND U.S. Dry Natural Gas Production Total U.S. natural gas supply is forecasted (billion cubic feet per day) to grow by over 26 Bcf/d from 2015 to 120 2015 2040 Shale gas is forecasted to account for…
MARCELLUS & UTICA: DRIVING U.S. GAS SUPPLY The Marcellus & Utica account for over 20% of total U.S. Gas Supply 65 21 64 Marcellus & Utica 19 Marcellus & Utica Billion cubic feet per day (Bcf/d) Rest of U.S. Billion cubic…
IRR BY RESOURCE PLAY MarkWest is focused in high IRR resource plays 75% 35% 30% 2015 Operating Income Forecasted 23% Utica Marcellus Niobrara Barnett Cana Woodford Eagle ford Wolfcamp N Midland Cana SCOOP Niobrara -…
MARCELLUS SEGMENT 1.0 We are the largest processor and fractionator in the Marcellus Shale and provide fully integrated natural Bcf/d gas midstream services Gathering capacity 3.8 Processing capacity Bcf/d 286 C2+…
UTICA JOINT VENTURE SEGMENT 1.0 In the Utica segment, we have a leading position in developing fully integrated natural gas midstream Bcf/d services Gathering capacity 1.3 Processing capacity Bcf/d 160 C2+ Fractionation…
SOUTHWEST ASSET OVERVIEW Western OK Continuing to grow our presence in key Southeast OK Processing liquids-rich areas throughout the Processing* 435 MMcf/d Gathering Southwest 104 MMcf/d Gathering 775MMcf/d Oklahoma 550MMcf/d Tulsa…
NORTHEAST GAS PRODUCTION FORECAST 35 30% 30 30% Northeast Rich Gas 25 Northeast Rich Gas Billion cubic feet per day (Bcf/d) 20 15 70% 70% Northeast Dry Gas 10 Northeast Dry Gas 5 0 2011 2012 2013 2014…
RESIDUE GAS TAKEAWAY EXPANSION PROJECTS ORIGINATE AT OUR FACILITIES Over 25 billion in capital investments and 30 Bcf/d of natural gas pipeline projects announced, driven by production growth in the Northeast New residue gas takeaway…
NORTHEAST NGL SUPPLY IS RAPIDLY INCREASING Northeast NGL production is forecasted to account for 24% of total U.S. NGL production in 2020 5,000 NGL Production from Gas Plants (MBld/d) 101 MBbl/d 4,000 Williston 3,000 DJ…
NORTHEAST ETHANE PRODUCTION IS SUPPORTED BY MARKWEST MarkWest is producing ONTARIO Mariner East MARKETS approximately 80% of the Mariner West purity ethane being recovered in the Northeast MarkWest and is delivering ethane into…
DEVELOPING MONT BELVIEU CAPABILITIES IN THE NORTHEAST MWE Complex MarkWests NGL fractionation Refinery Export Terminal and marketing infrastructure is Potential Cracker integral to supporting the Midwest East Coast abundant NGL…
POWERFUL STRATEGIC COMBINATION Creates large-cap, diversified MLP with peer-leading distribution growth profile MPC, as the GP sponsor, has interests aligned with the combined MLP and is committed to provide support for the…
ACCESS TO ROBUST INVENTORY OF DROP-DOWNS 1.6 B OF MLP-ELIGIBLE EBITDA AT MPC 5,400 miles of additional crude and products pipelines Pipelines Owns, leases or has an ownership interest in these pipelines 0.5% of MPLX Pipe Line Holdings…
MARKWESTS PREMIER POSITION DRIVES 1.5 B OF ANNUAL INVESTMENT OPPORTUNITY Marcellus Utica Area Dedications: 4 million acres Area Dedications: 3.7 million acres Volume Protection: 70% of 2015 capacity contains Volume Protection: 25% of…
MARKWESTS PREMIER POSITION DRIVES INCREMENTAL UPSIDE GROWTH OPPORTUNITIES Investment Opportunities in Utica & Marcellus: Expansion of dry-gas gathering systems Expansion of Ohio condensate facility Long-haul pipelines, storage, and…
SIGNIFICANT SYNERGISTIC OPPORTUNITIES Significant vertical Gas Processing Stabilizer integration (Marcellus and Gas NGL & Condensate Supply (Ohio Condensate) Utica) Condensa Gathering from Marcellus / Utica Producers te…
MPLX/MWE STRATEGIC COMBINATION - STRATEGIC HIGHLIGHTS Combines a leading natural gas gatherer, processor, and NGL fractionator with a rapidly- Significant growing downstream / logistics company in the crude oil and refined product…
APPENDIX
RECONCILIATION OF DCF & DISTRIBUTION COVERAGE Six Months Ended Year Ended ( in millions) 6/30/2015 12/31/2014 Net (loss) Income (80.9) 160.3 Depreciation, amortization and other non-cash operating expenses 273.4 489.4 Loss on sale…
RECONCILIATION OF ADJUSTED EBITDA LTM Ended Year Ended Year Ended ( in millions) 6/30/2015 12/31/2014 12/31/2013 Net income 50.4 160.3 40.4 Non-cash compensation expense 13.5 10.3 7.8 Unrealized (gain) loss on derivative…
RECONCILIATION OF NET OPERATING MARGIN Six Months Ended Year Ended ( in millions) 6/30/2015 12/31/2014 Income from operations 122.9 377.2 Facility expenses 180.4 343.4 Derivative gain (0.6) (95.3) Revenue deferral adjustment…
1515 ARAPAHOE STREET TOWER 1, SUITE 1600 DENVER, COLORADO 80202 PHONE: 303-925-9200 INVESTOR RELATIONS: 866-858-0482 EMAIL: INVESTORRELATIONSMARKWEST.COM WEBSITE: WWW.MARKWEST.COM
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