October 11, 2013 Boardwalk Annual Customer Meeting Nashville Customer Meeting Presentation for Boardwalks 2015 Wells FargoResponse to the Energy Symposium DecemberMarket Changing 2015 Kathy Kirk, Senior Vice President Marketing…
October 11, 2013 Boardwalk Annual Customer Meeting Nashville Customer Meeting Boardwalks Boardwalk Response Company to the Overview Changing Market Kathy Kirk, Senior Vice President Marketing & Origination Southeast Market…
Large and Diverse Platform of Infrastructure Assets Boardwalk is a diversified midstream MLP that transports, stores, gathers and processes natural gas and liquids Boardwalk Operational Highlights Pipelines: We own and operate…
Introduction to Boardwalks General Partner Our general partner is a wholly-owned subsidiary of Loews Corporation, which is one of the largest diversified corporations in the United States Principal subsidiaries and percent of…
Boardwalk Strategy Further Leverage and Optimize diversify Strengthen Asset Base within the Existing midstream Assets Continue to identify energy sector and implement new uses for assets, Continue to expand into Continue to…
Strategy Execution and Recent Events Date Event December 2011 through Completed 2.1 billion of acquisitions and growth January 2015 projects, on time and on budget February 2014 Reduced quarterly cash distribution to help fund…
Completed 2.1 billion of Projects and Acquisitions . . . Growth Scope Strategy Timing Capex Project/Acquisition (MM) Acquisition of Petal Acquired approx. 23 Bcf of working gas capacity and 105 miles of natural gas pipelines Leverage…
. . . And Announced 1.6 Billion of Growth Projects Southern Indiana Lateral 75M in capex Capacity: 53,500 MMBtu/d In service: H2-2016 (est)* Leverage Existing Assets Northern Supply Access Western Kentucky Lateral 310M in capex…
Gulf South Rate Case Settlement Highlights Uncontested settlement agreement filed with FERC on September 25 (certified by the Administrative Law Judge to the FERC Commissioners on November 30 and pending FERC approval) Interim rates…
October 11, 2013 Boardwalk Annual Customer Meeting Nashville Customer Meeting Boardwalks FinancialResponse Overviewto the Changing Market Kathy Kirk, Senior Vice President Marketing & Origination Southeast Market Expansion:…
Financial Highlights Substantially a long-term, fixed-fee revenue base Significant portion of revenues backed by firm contracts with primarily investment-grade customers Financing strategy: Financial Profile Utilize…
Boardwalk Revenue Profile Backed by Firm, Long-term Contracts Majority of revenues are under firm contracts Capacity reservation charges are received monthly regardless of utilization Weighted-average contract life of approximately 5…
Revenue Estimates: Capacity Reservation and Min. Bill Charges Estimated Revenues from Capacity Reservation and Minimum Bill Charges under Committed Firm Transportation Agreements Estimates as of December 2, 2015 1,100 1,030…
Capitalization Adjustments for December 31, 2015 Financing September 30, ( in millions, except ratio data) 2014 Activities 2015 Issued 350 million of 4.95% notes Debt: Gulf South 5.05% Notes due Feb 2015 275 (275) - in November…
Reduced Refinancing Risk for Senior Unsecured Notes 900 Term Loan was paid in full in May 2015 800 2015 Gulf South and Texas Gas notes refinanced to 2024 700 maturity under Boardwalk* 600 500 in millions 400 300…
Well Positioned to Capitalize on Changing Supply Dynamics By 2020, U.S. supply is forecasted to grow by approximately 23 Bcf/d Boardwalk assets are located near shale gas supply sources with significant reserves 39.6 Bcf/d 18.9…
Changing Demand Dynamics: LNG Exports Bcf/d LNG Facilities Approved Proposed Proposed by Location (Pending Application) (Pre-filing) Texas 3.9 2.4 8.6 Louisiana 5.9 6.1 4.2 Mississippi - 1.5 - Grand Total 9.8 10.0 12.8 We have…
Changing Demand Dynamics: Industrial Markets INDUSTRIALS We provide approximately 186 industrial facilities with a combination of firm and interruptible natural gas and liquids transportation and storage services Industrials…
Forecasted U.S. Coal Retirements Over the Next 15 Years POWER PLANTS We are directly connected to 39 natural-gas-fired power generation facilities in nine states. Year Forecasted megawatts (MWs) 2015 14,883 Our percentage…
Changing Flow Patterns Impacting Basis Spreads to Henry Hub LEGEND DOMINION Average Annual SOUTH POINT Spread (0.70) 2015 (0.21) 2013 0.31 2009 COLUMBIA GULF MAINLINE KOSCI CENTERPOINT EAST (0.06) (0.08) (0.05) (0.06)…
Coastal Bend Header Project to Serve Planned Freeport Liquefaction Export Terminal Legend Coastal Bend Header Project Capex Est.: 720 mm Contracted Capacity: 1.4 Bcf/d with 20-year firm precedent agreements In-Service: 2018…
North-to-South Projects: OH-LA and Southern Indiana Lateral Ohio-to-Louisiana Access Project Southern Lebanon Capex Est.: 115 mm Marcellus & Indiana Lateral Utica Supplies Contracted Capacity: 626,000 MMBtu/d with 13- year…
Additional North-to-South Projects Northern Supply Access Project Capex Est.: 310 mm Lebanon Marcellus & Contracted Capacity: Utica Supplies 384,000 MMBtu/d with 16-year weighted-average precedent agreements* In Service: 2017…
Western Kentucky Lateral Western Kentucky Lateral Texas Gas Transmission Proposed lateral Marcellus Interconnect & Utica Lebanon Supplies Western Kentucky Lateral Capex Est.: 80 mm Contracted Capacity: 230,000 MMBtu/d with…
Project to Serve Power Plant in South Texas Capex Est.: 80mm Contracted Capacity: 185,000 MMBtu/d with a 20- year precedent agreement to serve new combined-cycle power plant in South Texas In-Service: H2-2016 Project is subject to…
Incremental Loads to End-Use Markets Projects and new contracts to provide approximately 570,000 MMBtu/d of natural gas deliveries to power and industrial plants EXECUTED AGREEMENT EXECUTED AGREEMENT Incremental firm load to power…
Evangeline Ethylene Pipeline Evangeline Ethylene Pipeline provides ethylene transportation from East TX/West LA to the Mississippi River Corridor Acquired in October 2014 for approximately 295 million Approx. 180 mile, 16 interstate…
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