RBC Capital Markets MLP Conference November 18, 2015 Strong. Innovative. Growing. 1
Our Strategy: Stability Plus Growth A Unique Investment in the MLP Space Top tier midstream energy service for our customers Mastio Service Award winner in 2014 Stability of cash flows 95% of gross operating margin from fee-based…
EnLink Is Unique Among MLPs Public MLP 120 Universe Gathering and 16 Processing * 90%+ 8 Fee-Based * Investment 2 Grade Long 1 Organic Growth History * Source: Barclays Energy Infrastructure Weekly, August 3, 2015; 5…
The Vehicle for Sustainable Growth Powered By a Diverse Set of Assets & Services Significant Size & Scale 9,200 miles of pipelines 17 gas processing plants, 3.6 Bcf/d capacity 7 NGL fractionators, 280,000 Bbl/d capacity Diversity…
The Vehicle for Sustainable Growth: MLP Structure with a Premier Sponsor Devon Energy Corp. Public NYSE: DVN Unitholders (BBB+ / Baa1) 70% 30% EnLink Midstream, LLC ENLC owns 100% of IDRs 28% General Partner 45% NYSE:…
The Vehicle for Sustainable Growth Diverse, Fee-Based Cash Flows Devon is EnLink Midstreams largest customer (50% of consolidated 2015E adjusted EBITDA*) EnLink Midstreams growth projects focused on crude/NGL services and rich gas…
The Vehicle for Sustainable Growth Cash Flow Stability from Long-Term Contracts 80% of EnLinks cash flows are supported by long-term, fee-based contracts with either firm transport agreements or minimum volume commitments. % of 2015E…
Devon Energy Today Sponsored By a Leading North American E&P Balanced portfolio Heavy Oil Q3 15 Production Mix: 39% gas; 41% crude; 20% NGLs Projected 2016 E&P Capital: 2-2.5 Billion Devons long-term contracts with EnLink…
The Four Avenues for Growth 11
Executing on Our Growth Strategy 4.3 Billion of Growth Projects & Acquisitions EnLink is successfully executing on its four avenues for growth: Dropdowns Growing with Devon Organic Growth Mergers & Acquisitions Cost MM Dropdowns,…
Avenue 1: Drop Downs from Devon Access Pipeline & NGPL Pipeline Access Pipeline NGPL Pipeline Three 180 mile pipelines from Sturgeon 92-mile, 20 inch natural gas pipeline from terminal to Devons thermal acreage SCOOP to EnLinks…
Avenue 2: Growing With Devon Significant Growth Plans in Anadarko Basin EnLink Assets in the Cana-Woodford Devon Accelerating Activity Pipeline: 410 miles, 530 MMcf/d capacity New completion design enhances economics Processing: one…
Avenue 3: Organic Growth Projects Gas Supply Moving from Northeast to Gulf Coast to Meet LNG and Industrial Markets New Gas Pipelines to Gulf Coast 9.0 8.0 7.0 6.0 Bcf/d 5.0 4.0 3.0 2.0 1.0 0.0 Source RBN Energy,…
Avenues 3: Organic Growth South Louisiana Market Leading Position Region defined by demand growth from industrial expansions and LNG exports Franchise NGL platform 600 miles of NGL pipelines from Mont Belvieu to the Mississippi…
Avenue 4: Mergers & Acquisitions Expanded Platforms in Midland & Delaware Basins Committed 1.2 billion of capital since 2011 Four acquisitions to date in 2015 LPC Crude Logistics: 100 MM Coronado Gas Gathering and Proc.: 600 MM…
Our Strategy: Stability Plus Growth A Unique Investment in the MLP Space Top tier midstream energy service for our customers Mastio Service Award winner in 2014 Stability of cash flows 95% of gross operating margin from fee-based…
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