Enterprise Products Partners L.P. Barclays NGL Investor Tour June 7, 2013 Tony Chovanec Vice President www.enterpriseproducts.com Fundamentals / Strategic Assessment All rights reserved. Enterprise Products Partners L.P.
Fundamentals All rights reserved. Enterprise Products Partners L.P.
Existing Wells and Shale Plays Shales: Source Rock of Conventional Oil & Gas Its No Coincidence EPD Pipelines Gas Crude Oil Liquids (NGL & Products) Shale Plays Existing North American Production 0 250 500 Miles Oil Gas…
Crude Oil and Natural Gas Prices Moving in Very Different Directions 160 16 140 Historical Forecast 14 120 12 Natural 100 10 Nat Gas /Bbl - /Bbl Gas 80 8 - /MMBtu WTI /MMBtu WTI 60 6 40 4…
NGLs U.S. Demand Matrix Normal Natural NGL Ethane Propane Butane Iso-Butane Gasoline Percent of 40% 30% 8% 10% 12% NGL Bbl Petrochemicals Heating, Crop Drying, Fuels Motor Fuels Export All rights reserved.…
Supplies All rights reserved. Enterprise Products Partners L.P.
EPD Accesses Some of the Most Prolific Emerging Shale / Non-Conventional Plays Williston Basin Bakken & Appalachian Basin Three Forks Appalachian Basin Marcellus Utica Jonah Powder River Basin Pinedale Niobrara Michigan Basin…
Rich Gas Will Continue to Dominate Source: EPD Fundamentals All rights reserved. Enterprise Products Partners L.P. 9
Understanding Profitability and Producer Incentives Comparison of NG Values /Mcf of Gas 6.5 6.10/Mcf 6.0 4% Ethane 0.27 Nat. Gasoline 0.44 5.5 4.83/Mcf Iso Butane 0.53 5.0 Ethane 0.02 0.4% 36% Nat. Gasoline 0.31 Normal Butane…
Demand All rights reserved. Enterprise Products Partners L.P.
U.S. PetChems: Retooling and Expanding Announced Incremental C2 Demand Ranges from 600750 MBPD CP Chemical Dow Chemical ExxonMobil CEO announced permits Filed permits to expand 4 billion investment to filed for 1.5 MM mt/yr build 1.5…
U.S. Ethylene Crackers: Significant Global Cost Advantage Using an average ethylene plant (1.5 billion lbs. per year), 70 a 40 cent per lb. margin advantage is Oct-2005 Current 600MM per year incremental margin for a single plant 60…
Increased Use of Ethane Reduces U.S. Propylene Supply Ethane demand increasing vs. naphtha due to favorable economics 16 15.2 1000 14.7 U.S. petrochemical industry is retooling to 900 maximize ethane consumption 14 12.8 800…
Enterprise: World Class Import / Export Facilities 13,000+ barrels per hour fully-refrigerated LE C3 in addition to semi-refrigerated loading capabilities Extensive infrastructure providing access to the largest NGL storage…
Propane Export Destinations EPDs Export Facility Loaded 46 MMBbls in 2012 Europe 6.8 MMBbls (2012 10% U.S.) Far East (2005 0.1% U.S.) 3.7 MMBbls (2012 3% U.S.) Mexico (2005 0% U.S.) 10.8 MMBbls Caribbean (2012 92% U.S.) 6.0…
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…
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…
Review of Selected Major Projects All rights reserved. Enterprise Products Partners L.P.
Visibility to Growth: 7.5 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…
Portfolio of Major Capital Growth Projects Western Expansion MAPL Rocky Mountain Front Range Texas Express ATEX Express Seaway Pipeline Looping Gulf Coast Projects Aegis ethane header pipeline Fractionation expansions…
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…
Future ECHO Supply Connectivity Multiple Grades of Crude with Access to Numerous Markets Valero Lyondell PRSI Shell Deer Park Beaumont / Port Arthur Galena Park Bertron Speed Exxon Baytown Pasadena Delivery Morgans…
EPDs Eagle Ford Shale Projects Cumulative Capital Expenditures: 4 Billion with 3.3 Billion Placed In Service To-Date Eagle Ford Crude / 900 Condensate Production 800 600 550 MBPD 300 Eagle Ford Crude / 214 Condensate…
S&P 500 Fun Facts With an enterprise value of 70.9 billion, EPD ranks 49th overall Largest Energy Companies by Enterprise Value Largest Utility Companies by Enterprise Value 1 Exxon Mobil Corporation 404,764 1 Duke Energy Corporation…
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 3M 2013 CAGR 1 CAGR 1 CAGR 1 REIT Commodities IG Bonds MLP Index EPD EPD EPD EPD REIT EPD EPD EPD EPD…
Thank You All rights reserved. Enterprise Products Partners L.P.
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