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November 2015 Corporate Presentation – Keyera Corp.

Keyera Corp. · Nov 4, 2015 · 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. November 2015 Corporate Presentation – Keyera Corp. – slide 1
    C O R P O R AT E P R O F I L E November 2015
  2. November 2015 Corporate Presentation – Keyera Corp. – slide 2
    Keyera essential services to hundreds of producers durable footprint / durable economics variety of growth opportunities conservative financial strategy 3
  3. November 2015 Corporate Presentation – Keyera Corp. – slide 3
    conservative financial strategy % % % cagr cagr distributable d i v i d e n d / s h a r e 2,3 p a y o u t r a t i o 3,4 c a s h f l o w / s h a r e 1,3 1 Compound annual growth rate from 5/30/2003 to 9/30/2015. 2 Compound annual…
  4. November 2015 Corporate Presentation – Keyera Corp. – slide 4
    recently completed growth projects Completed Projects In-Service Date Capital Cost1 (Net, in Millions) Zeta Creek New Gas Plant Construction September 2015 41 Rimbey Turbo Expander & Debottlenecking & Truck Offload Expansion July 2015…
  5. November 2015 Corporate Presentation – Keyera Corp. – slide 5
    growth projects currently under development Approved Projects Capital Cost 2015 2016 2017 (Net, in Millions)1 Fort Saskatchewan Frac Expansion 176 Alder Flats New Gas Plant Construction (Phase II2) 35 NWR Sturgeon Refinery…
  6. November 2015 Corporate Presentation – Keyera Corp. – slide 6
    our integrated operational space G AT H E R I N G & LIQUIDS BUSINESS UNIT PROCESSING EXTRACTION CONSUMPTION R AW GAS separation fractionation storage transportation marketing sweetening compression essential midstream…
  7. November 2015 Corporate Presentation – Keyera Corp. – slide 7
    Western Canada Sedimentary Basin billion resource boe 1 Sandstone/Siltstone Carbonate Shale 1 www.energy.alberta.ca - 2014 Statistics 8
  8. November 2015 Corporate Presentation – Keyera Corp. – slide 8
    gathering and processing business unit Well maintained, long-life facilities 2.81,2 bcf/d licensed gross capacity Montney 182 gas plants; 16 operated by Keyera Extensive gathering systems Significant gathering pipelines tied into…
  9. November 2015 Corporate Presentation – Keyera Corp. – slide 9
    value provided to our customers Reliable and flexible system - extensive, integrated network of assets - 18 gas plants and 4500km of pipelines Critical mass to reduce operating costs - strive to fill unused capacity - several plants…
  10. November 2015 Corporate Presentation – Keyera Corp. – slide 10
    Montney a world class resource Growing amount of western Canadian natural gas Pipeline Legend Keyera New production coming from the Montney geological Keyera Select Third Party horizon Recent Montney study1 estimates marketable volumes…
  11. November 2015 Corporate Presentation – Keyera Corp. – slide 11
    Duvernay an emerging resource development Duvernay developing in two areas: Northern Duvernay and Southern Duvernay Multinationals have acquired significant land positions in both areas High levels of condensate and other NGLs…
  12. November 2015 Corporate Presentation – Keyera Corp. – slide 12
    Southern Duvernay significant infrastructure available Keyera well positioned to capture Southern Duvernay volumes: 14 plants in the area with 2.0 bcf/d gross licensed capacity1 Extensive gathering systems already in place Existing…
  13. November 2015 Corporate Presentation – Keyera Corp. – slide 13
    enhancing Rimbey service offering Added 400 mmcf/d turbo expander to enhance liquids extraction: Ethane capacity up to 20,000 bbls/d Project underpinned by long-term ethane purchase agreement Commenced operations in July 2015…
  14. November 2015 Corporate Presentation – Keyera Corp. – slide 14
    growing through selective acquisitions Recent Transactions Partnered to Construct New Plants: Alder Flats gas plant (35% non-op owner)1 Zeta Creek gas plant (60% op owner)2 Acquired Interests in Existing Plants: Cynthia gas plant…
  15. November 2015 Corporate Presentation – Keyera Corp. – slide 15
    relatively stable throughput H I S TOR I C AL TH R OU GH P U T AN D TH E P E R C E N TAGE C H AN GE I N AE C O & WTI Gross Plant Throughput % Change in Commodity Price (MMcf/d) since January 2003 1,600 300% 1,400 250% 1,200 200%…
  16. November 2015 Corporate Presentation – Keyera Corp. – slide 16
    liquefied natural gas significant resource requires a significant PRINCE RUPERT amount of K I T I M AT NGLS TO FORT LNG TO W EST COAST SASKATCHEW AN ENERGY HUB midstream EDMONTON/FORT SASKATCHEWAN infrastructure for decades of…
  17. November 2015 Corporate Presentation – Keyera Corp. – slide 17
    liquids business unit F R AC T I O N A T I O N S T O R AG E T R AN S P O R T A T I O N M AR K E T I N G 1600+ ethane AB O V E G R O U N D propane condensate BUTANE 13 BELOW GROUND 1 0 2 , 0 0 0 b b l s / d a t f i ve 12…
  18. November 2015 Corporate Presentation – Keyera Corp. – slide 18
    expanding Keyera Fort Saskatchewan Added 30,000 bbls/d de-ethanizer Fractionates an ethane-rich stream of NGLs (C2+ mix) into spec products On stream in 1Q15 Adding 35,000 bbls/d of C3+ fractionation Currently under construction…
  19. November 2015 Corporate Presentation – Keyera Corp. – slide 19
    oil sands production growth expected to continue Project Sanctioned and/or Capacity Bitumen Production Forecast (Historical + Risked) Company Under Construction (MB/d) Timing Imperial Oil Nabiye 40 2015 Pengrowth Lindbergh Phase 1…
  20. November 2015 Corporate Presentation – Keyera Corp. – slide 20
    extensive, flexible condensate infrastructure Keyeras Condensate Network Most connected condensate hub in Western Canada 600,000 bbls/d of condensate traded daily on Keyeras system Multiple receipt and delivery points: Local…
  21. November 2015 Corporate Presentation – Keyera Corp. – slide 21
    Norlite Pipeline Diluent pipeline from Ft. Saskatchewan to Athabasca oil sands region Operated by Enbridge Keyera will be 30% non-operating owner Long-term take-or-pay agreement with owners of Fort Hills project Suncor, Total and Teck…
  22. November 2015 Corporate Presentation – Keyera Corp. – slide 22
    South Grand Rapids Pipeline 50/50 joint venture between Keyera and Grand Rapids Pipeline LP (TransCanada PipeLines and Brion Energy) 45-kilometre 20-inch diluent pipeline from Edmonton to Fort Saskatchewan Will provide Keyera with 225,000…
  23. November 2015 Corporate Presentation – Keyera Corp. – slide 23
    South Cheecham Rail & Truck Terminal Completed in 3Q13 50/50 joint venture with Enbridge operated by Keyera Terminal capable of receiving diluent and loading dilbit and bitumen onto railcars for delivery to customers Agreements in…
  24. November 2015 Corporate Presentation – Keyera Corp. – slide 24
    Alberta Crude Terminal 50/50 joint venture with Kinder Morgan, Land Acquired in 2014 operated by Keyera, completed in 3Q14 Connection to Kinder Morgans large area storage facility provides access to various crude streams Project…
  25. November 2015 Corporate Presentation – Keyera Corp. – slide 25
    Josephburg Rail Terminal a propane solution for industry Provides customers with new rail infrastructure to handle growing propane supply from liquids-rich production Improves propane egress into North American demand centres…
  26. November 2015 Corporate Presentation – Keyera Corp. – slide 26
    Hull, Texas a terminal with access to Mont Belvieu Rail and truck facility in Hull, Texas commissioned in 4Q14 Pipeline connected to Mont Belvieu NGL hub and Beaumont refining centre Handles NGL mix, propane, butane and iso-butane…
  27. November 2015 Corporate Presentation – Keyera Corp. – slide 27
    Alberta EnviroFuels (AEF) iso-octane manufacturing Iso-octane (iC8) is a high octane, low vapour pressure gasoline additive AEF is only merchant iso-octane facility in North America Licensed capacity of 13,600 bbls/d Butane is the…
  28. November 2015 Corporate Presentation – Keyera Corp. – slide 28
    Base Line Terminal a crude oil storage solution 50/50 joint venture operated by Kinder Morgan Base Line Terminal Concept Rendering 12 crude oil storage tanks with 4.8 million bbls of (View Looking North) capacity to be constructed…
  29. November 2015 Corporate Presentation – Keyera Corp. – slide 29
    marketing services Condensate Keyeras C5 hub creates industry liquidity C5 Consumed in Alberta as diluent for bitumen Demand from the oil sands greatly exceeds Alberta-based supply Significant imports required today Butane Ethane…
  30. November 2015 Corporate Presentation – Keyera Corp. – slide 30
    diversified and growing operating margin OPERATING MARGIN (ROLLING LTM)1,2 Millions 700 600 500 400 300 200 100 0 Gathering & Processing NGL Infrastructure Marketing 1 Operating Margin shown excludes other…
  31. November 2015 Corporate Presentation – Keyera Corp. – slide 31
    conservative capital structure LONG-TERM DEBT MATURITIES3 CAD MM 300 2.40x 250 264 Net debt to EBITDA1 200 167 150 143 18.7% 100 97 125 109 Net Debt1 to 75 enterprise 50 60 60 value2 - 0 2015 2016 2017…
  32. November 2015 Corporate Presentation – Keyera Corp. – slide 32
    current financial results (Millions of Canadian dollars, except where noted) Q3/15 Q3/14 Change Operating Margin Gathering & Processing 69.2 54.0 28.1% NGL Infrastructure 55.5 45.8 21.2% Marketing 99.3 79.9 24.3% Other 4.4 10.9…