Barclays CEO Energy-Power Conference September 9, 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 16 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) 70.3% 29.7% EnLink Midstream, LLC ENLC owns 100% of IDRs 28.7% General Partner 44.8%…
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 Q2 15 Production Mix: 40% gas; 40% crude; 20% NGLs 2015 E&P Capital Budget: 4.0 Billion Devons long-term contracts with EnLink provide…
The Four Avenues for Growth 11
Executing on Our Growth Strategy Completed 4.2 Billion of Growth Projects & Acquisitions Since October 2014 Eight different drop downs, acquisitions and organic growth projects completed that established or expanded platforms in the…
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 & 4: Organic Growth and M&A South Louisiana Market Leading Position Region defined by demand growth from industrial expansions and LNG exports Franchise NGL platform in Louisiana 600 miles of NGL pipelines from Mont…
Avenues 3 & 4: Organic Growth and M&A Platform for Growth in Midland Basin Area of significant development and acquisitions Coronado and LPC Crude acquired for 700 MM Superior drilling economics in Wolfcamp/Spraberry Diamondback:…
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…