Skip to main content Morgan Stanley MLP Conference – Plains All American Pipeline, L.P. Investor Presentation | Shale Experts
Loading...
Pm

Morgan Stanley MLP Conference – Plains All American Pipeline, L.P.

Plains All American Pipeline, L.P. · Mar 1, 2016 · 21 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. Morgan Stanley MLP Conference – Plains All American Pipeline, L.P. – slide 1
    Morgan Stanley MLP/Diversified Natural Gas, Utilities & Clean Tech Conference New York, NY March 1, 2016 www.plainsallamerican.com NYSE: PAA & PAGP 1
  2. Morgan Stanley MLP Conference – Plains All American Pipeline, L.P. – slide 2
    Discussion Outline Overview of Plains All American PAAs Positioning and Capital Project Review Financial Review Key Takeaways Q&A www.plainsallamerican.com NYSE: PAA & PAGP 3
  3. Morgan Stanley MLP Conference – Plains All American Pipeline, L.P. – slide 3
    Plains All American Structure (1) General Partner Owners General Partner PAGP Class A Shareholders 41% Structured as a limited partnership, Investors & EMG (et. al.) 20% but has checked the box to be taxed as Management Kayne…
  4. Morgan Stanley MLP Conference – Plains All American Pipeline, L.P. – slide 4
    Plains All American Profile (NYSE: PAA & PAGP) Financial Profile(1) PAA Assets(4) Total Enterprise Value 22.9 B Pipelines (active miles) 19,200 miles PAA Equity Market Cap 7.8 B Liquids Storage 135 MMBbls PAGP Equity Market Cap(2)…
  5. Morgan Stanley MLP Conference – Plains All American Pipeline, L.P. – slide 5
    PAAs Integrated Asset Base & Business Model Have Delivered Solid Results In Volatile Markets And Fluctuating Supply And Demand Scenarios Strategically Located & Integrated Asset Base PAA Adjusted EBITDA: Actual Performance vs. BOY…
  6. Morgan Stanley MLP Conference – Plains All American Pipeline, L.P. – slide 6
    PAAs Positioning and Capital Project Review www.plainsallamerican.com NYSE: PAA & PAGP 7
  7. Morgan Stanley MLP Conference – Plains All American Pipeline, L.P. – slide 7
    PAA Positioning PAA has the best, largest and most interconnected crude oil midstream platform in the U.S. and a business model that is proven through the cycles PAA is well positioned to manage through a Lower for Longer scenario…
  8. Morgan Stanley MLP Conference – Plains All American Pipeline, L.P. – slide 8
    2016 Major Capital Projects PAA is in the process of completing a multi-year, multi-billion dollar capital expansion program (no material capital commitments beyond 2017) 2016 (G) Expansion Capital (in millions) MVC /…
  9. Morgan Stanley MLP Conference – Plains All American Pipeline, L.P. – slide 9
    Cactus Pipeline (Supply Push) Supply Push PAAs Cost: 490 million In-Service April 2015 (Q4 2015 volumes 130,000 bpd, capacity and MVC ramps in 2016) 2015 average volume 76,000 bpd Description: 20, 310 mile pipeline from McCamey,…
  10. Morgan Stanley MLP Conference – Plains All American Pipeline, L.P. – slide 10
    Saddlehorn Pipeline (Supply Push) PAAs Cost: 260 million (Total Project 900 million) In-Service Timing Estimate: 3Q16 Description: 20, 600 mile pipeline from the DJ Basin to PAA and MMP Cushing, OK terminals Ownership: Undivided…
  11. Morgan Stanley MLP Conference – Plains All American Pipeline, L.P. – slide 11
    Diamond Pipeline (Demand Pull) PAA Cost: 465 million In-Service Timing Estimate: 3Q17 Description: 20, 440 mile pipeline from Cushing, OK to Valero Memphis, TN refinery Ownership: 50% JV operating interest with partner Valero, the…
  12. Morgan Stanley MLP Conference – Plains All American Pipeline, L.P. – slide 12
    Red River & Caddo Pipelines (Demand Pull) PAA Aggregate Cost 500 million Caddo Pipeline: Demand Pull PAAs Cost: 50 million Red River In-Service: 2Q16 Ownership: 50% 16, 400 mile pipeline from Cushing, OK to Capacity: 80,000 bpd…
  13. Morgan Stanley MLP Conference – Plains All American Pipeline, L.P. – slide 13
    PAA Fort Saskatchewan NGL Complex PAA Aggregate Cost- 665 MM (combination Supply Push & Demand Pull) Existing Assets 71 kb/d fractionation capacity 8.3 mm barrels of NGL storage capacity 2.5 mm barrels of brine pond capacity 22.5…
  14. Morgan Stanley MLP Conference – Plains All American Pipeline, L.P. – slide 14
    Financial Review www.plainsallamerican.com NYSE: PAA & PAGP 15
  15. Morgan Stanley MLP Conference – Plains All American Pipeline, L.P. – slide 15
    Recent 1.6 Billion Preferred Equity Financing On January 28, 2016 closed a private placement of 61 million 8% Convertible Preferred Units for total proceeds of 1.6 billion Perpetual permanent equity Classified as Partners Capital on…
  16. Morgan Stanley MLP Conference – Plains All American Pipeline, L.P. – slide 16
    Financially Well Positioned for Lower for Longer Position Enhanced by January 2016 Preferred Transaction Capitalization PAA PAGP (in billions) Actuals Proforma(4) Actual Proforma(4) Long-term Debt (net debt in Proforma) 10.4 8.8…
  17. Morgan Stanley MLP Conference – Plains All American Pipeline, L.P. – slide 17
    2016 Guidance Anticipates Growth in Fee-Based Business Adjusted EBITDA by Segment Guidance Summary (1) 2016 adjusted EBITDA midpoint guidance (In Millions) of 2.28 B, which incorporates an 3,000 expected 12% year-over-year growth…
  18. Morgan Stanley MLP Conference – Plains All American Pipeline, L.P. – slide 18
    Credit Profile of PAAs Customer Base Supply and Logistics Segment PAAs most significant exposure (85%) is associated with our Supply & Logistics segment Primarily attributable to our crude oil gathering activities and is primarily…
  19. Morgan Stanley MLP Conference – Plains All American Pipeline, L.P. – slide 19
    Credit Profile of PAAs Customer Base Facilities & Transportation Segments Credit exposure is much smaller for our Transportation and Facilities Segments due to the fee based nature of the activities Supply & Logistics segment is a…
  20. Morgan Stanley MLP Conference – Plains All American Pipeline, L.P. – slide 20
    Key Takeaways PAA has the best, largest and most interconnected crude oil midstream platform in the U.S. and a business model that is proven through the cycles Positive intermediate-to-long term fundamentals Solid balance sheet,…
  21. Morgan Stanley MLP Conference – Plains All American Pipeline, L.P. – slide 21
    Q&A www.plainsallamerican.com NYSE: PAA & PAGP 22

From the store

Browse maps, data & reports in the Shale Experts store