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UBS MLP Conference – Enterprise Products Partners LP

Enterprise Products Partners LP · Jan 15, 2013 · 32 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. UBS MLP Conference – Enterprise Products Partners LP – slide 1
    Enterprise Products Partners L.P. UBS MLP Conference January 1516, 2013 www.enterpriseproducts.com All rights reserved. Enterprise Products Partners L.P.
  2. UBS MLP Conference – Enterprise Products Partners LP – slide 2
    Key Investment Considerations Largest publicly traded energy partnership with an enterprise value of approximately 64 billion 62nd on Fortune 500; 226th on Fortune Global 500 Diversified sources of cash flow from over 34 billion in…
  3. UBS MLP Conference – Enterprise Products Partners LP – slide 3
    EPD Portfolio of Integrated Assets Major Asset Overview 50,700 miles of natural gas, NGL, crude oil, refined 21 NGL & Propylene fractionators products and petrochemical pipelines 6 offshore hub platforms 190 MMBbls of NGL, refined…
  4. UBS MLP Conference – Enterprise Products Partners LP – slide 4
    Geographic and Business Diversification Provide Multiple Earnings Streams (1) 4.3 Billion Gross Operating Margin 5 Year Growth Capital Allocation 20112015E For 12 months ended September 30, 2012 13.4 Billion 18% 27% 13% 46%…
  5. UBS MLP Conference – Enterprise Products Partners LP – slide 5
    Existing Wells and Shale Plays Its No Coincidence EPD Pipelines Gas Crude Oil Liquids (NGL & Products) Shale Plays Existing North American Production Oil Gas Source: USGS Production 2008 All rights reserved. Enterprise…
  6. UBS MLP Conference – Enterprise Products Partners LP – slide 6
    Shale Plays: LongTerm Future Development Potential Play Estimated Acres Remaining Wells per Year Potential Years Locations of Drilling Marcellus 15,000,000 175,000 1,650 100 Utica 13,000,000 50,000 600 80 Eagle Ford 10,000,000…
  7. UBS MLP Conference – Enterprise Products Partners LP – slide 7
    Timeline to Energy Security Two 2020 Forecasts, Same Answer Liquid Petroleum Products 2007 2012 2020 2020 (MBPD) YTD EPD PIRA* U.S. Consumption (excl. exports) 20,700 18,500 19,000 19,700 U.S. Production (incl. refinery gain &…
  8. UBS MLP Conference – Enterprise Products Partners LP – slide 8
    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…
  9. UBS MLP Conference – Enterprise Products Partners LP – slide 9
    Rich Gas Understanding Profitability and Producer Incentives Rich Gas Value per Mcf of Gas Based on Forward 12 Month Strip All rights reserved. Enterprise Products Partners L.P. 10
  10. UBS MLP Conference – Enterprise Products Partners LP – slide 10
    Low Gas to Crude Spread Drives U.S. NGL Advantage NYMEX Natural Gas Price as a % of Crude Bcf/d Global Indicative Ethylene Cash Costs 180% 30 Dollars Per Metric Ton Ethylene 1,400 160% 25 1,200 140% 120% 20 1,000 100% 800…
  11. UBS MLP Conference – Enterprise Products Partners LP – slide 11
    U.S. Petrochemical Industry is Retooling: Maximize Ethane Consumption for Max Sasol ExxonMobil CP Chemical Announces front-end Filed permits to expand CEO announced permits engineering / design for an Baytown ethylene filed for 1.5 MM…
  12. UBS MLP Conference – Enterprise Products Partners LP – slide 12
    Major EPD Growth Projects All rights reserved. Enterprise Products Partners L.P.
  13. UBS MLP Conference – Enterprise Products Partners LP – slide 13
    Visibility to Growth: 7.2 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…
  14. UBS MLP Conference – Enterprise Products Partners LP – slide 14
    Shale Plays Drive EPDs Western NGL Pipeline Expansions: 1.2 Billion MAPL Rocky Mountain NGL Pipeline Expansion: 265 miles of 16 pipeline expected to be in service 1Q 2014 Increase capacity from 275 MBPD to 350 MBPD Project status:…
  15. UBS MLP Conference – Enterprise Products Partners LP – slide 15
    EPDs Eagle Ford Shale Projects Cumulative Capital Expenditures 4 Billion 2.6 Billion Placed In Service Eagle Ford Crude / 900 850 Condensate Production 600 530 MBPD 300 Eagle Ford Crude / 214 Condensate Production 3 35 0…
  16. UBS MLP Conference – Enterprise Products Partners LP – slide 16
    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 ECHO Crude Oil Terminal Constructing 512-mile,…
  17. UBS MLP Conference – Enterprise Products Partners LP – slide 17
    Houston ECHO Terminal 1.6 million BPD Cushing, OK 0.8 million BPD Houston Crude Oil Complex Texas City Refining Complex Refining Complex Canadian / Bakken Crude Production 400800 MBPD West Texas Flow Rate Crude Production 1.4…
  18. UBS MLP Conference – Enterprise Products Partners LP – slide 18
    Appalachia to Texas (ATEX) Express P/L Transport Ethane from Marcellus / Utica Shale 250 Volumes 231 216 204 200 181 168 150 MBPD 100 116 131 50 104 68 81 Proposed Ethane Header 0 Pipeline 2014 2015 2016 2017 2018…
  19. UBS MLP Conference – Enterprise Products Partners LP – slide 19
    Enterprise Mont Belvieu NGL Fractionation Overview Currently 480 MBPD of Fracs VII & VIII Frac V fractionation capacity Frac VI 650 MBPD fractionation capacity 4Q 2013 1.0 MMBPD Frac IV fractionation Companywide 4Q 2013 Project…
  20. UBS MLP Conference – Enterprise Products Partners LP – slide 20
    LPG Exports Continue at Unprecedented Pace 30 CPG International Propane Arb Top 5 Propane Exporters and U.S. 25 MMBbls / Month 20 15 10 5 0 2005 2006 2007 2008 2009 2010 2011 Saudi Arabia Qatar United Arab Emirates…
  21. UBS MLP Conference – Enterprise Products Partners LP – slide 21
    Increased Ethane Usage Reduces U.S. Propylene Supply Ethane demand increasing vs. Propylene Supply from Ethylene Crackers Has Decreased with Increased Usage of Ethane naphtha due to favorable 16 1000 15.2 economics 14.7 900 Shift to…
  22. UBS MLP Conference – Enterprise Products Partners LP – slide 22
    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…
  23. UBS MLP Conference – Enterprise Products Partners LP – slide 23
    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…
  24. UBS MLP Conference – Enterprise Products Partners LP – slide 24
    Financial All rights reserved. Enterprise Products Partners L.P.
  25. UBS MLP Conference – Enterprise Products Partners LP – slide 25
    (1) Solid Operating Performance 15 Natural Gas Pipeline Volumes 14.6 Liquids Pipeline 14.3 4,200 4,181 4,157 Volumes 13 12.7 11.9 3,990 4,000 4,000 11.0 11 10.1 TBtu/d MBPD Offshore 3,800 9 3,704 Onshore 3,600…
  26. UBS MLP Conference – Enterprise Products Partners LP – slide 26
    Drives Strong Financial Results Gross Operating Margin 3.9 Distributable Cash Flow (DCF) 4.0 4.0 3.7 3.3 3.2 3.2 3.0 2.9 3.0 2.6 2.3 Billions Billions 2.0 2.0 2.0 1.6 1.4 1.0 1.0 1.0 0.0 0.0 2007 2008 2009 2010…
  27. UBS MLP Conference – Enterprise Products Partners LP – slide 27
    History of Financial Discipline While Executing Growth Strategy (1) (2) Total Growth Capex & Debt Leverage 4.0 4.0 50 major capital growth 4.6x 4.7x projects totaling 8.0 billion 3.6 3.5 4.5x of investment were completed 3.1 4.5x…
  28. UBS MLP Conference – Enterprise Products Partners LP – slide 28
    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…
  29. UBS MLP Conference – Enterprise Products Partners LP – slide 29
    Non-GAAP Reconciliations All rights reserved. Enterprise Products Partners L.P.
  30. UBS MLP Conference – Enterprise Products Partners LP – slide 30
    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…
  31. UBS MLP Conference – Enterprise Products Partners LP – slide 31
    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…
  32. UBS MLP Conference – Enterprise Products Partners LP – slide 32
    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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