Fourth Quarter 2015 Earnings Call February 18, 2016
Columbia Pipeline Group Key Takeaways 2015 Delivered Solid Financial Results, Squarely In Line With 2015 Guidance Completed Landmark Year for CPG - Key Regulated and Midstream Growth Projects Advanced and Remain On Track; Placed…
Columbia Pipeline Group 2015 Financial Results Non-GAAP (M) 2015 2014 Change Adjusted EBITDA * 685.5 601.0 84.5 Distributable Cash Flow * 401.3 N/A N/A GAAP (M) 2015 2014 Change Income from Continuing Operations 267.6 268.7…
Columbia Pipeline Partners 2015 Financial Results Generated 93.3 Million of Adjusted EBITDA* and 68.7 Million of Distributable Cash Flow* Announced a Quarterly Cash Distribution Increase to 0.18 per Unit Approximately 486 Million…
Columbia Pipeline Group & Columbia Pipeline Partners 2016 Financial and Investment Targets Invest 1.4 - 1.6 Billion in Cash Capital Expenditures 2015-2020 Generate Growing Adjusted EBITDA Growth Targets CPG Adjusted EBITDA - CPG:…
Columbia Pipeline Group 2015 Actual and 2016 Projected Cash Capital Expenditures 1.4B - 1.6B 2016 Cash Capital Expenditures Include: 1.2B Modernization: 300M Maintenance: 135M-140M IT Enhancement Program (CPGX Only):…
Columbia Pipeline Group & Columbia Pipeline Partners 2016 Projected Sources and Uses Excess Liquidity (1.6 B) CPG Current Liquidity Dividends and Distributions Cash CapEx Cash from Operations 2016 Sources 2016…
Columbia Pipeline Group Deep Inventory of Growth and Modernization Projects Expected Expected In Execution Project CapEx ( in millions) In Service In Development 4 8 1 East Side Expansion 300 Q4 2015 In Service 1 2 Kentucky…
Columbia Pipeline Group A Premier Pipeline, Midstream & Storage Company Stable, Predictable and Growing Cash Flows From Diverse Customer Base Unparalleled Strategic Footprint in Marcellus and Utica Shale Regions Visible and…
Appendix Columbia Pipeline Group Slides 12-13, 16 Columbia Pipeline Partners Slides 14-15, 17
Columbia Pipeline Group Total Debt to Capitalization of 35.5%* Capitalization (M) Actual 12/31/2015 Actual 12/31/2014 Debt Equity Total Debt Equity Total Long-Term Debt 2,746 - 2,746 - - - Long-Term Debt - Affiliated - - - 1,473…
Columbia Pipeline Group Strong Liquidity Position Current Liquidity (M) Actual 12/31/15 Maturity Committed CPGX Credit Facility 1,500 July 2020 Committed CPPL Credit Facility 500 February 2020 Total Committed Credit Facility 2,000…
Columbia Pipeline Partners Total Debt to Capitalization of 8.3%* Capitalization (M) Actual 12/31/2015 Actual 12/31/2014 Debt Equity Total Debt Equity Total Long-Term Debt - Affiliated 631 - 631 1,473 - 1,473 Short-Term Debt 15 -…
Columbia Pipeline Partners Strong Liquidity Position Current Liquidity (M) Actual 12/31/15 Maturity Committed Credit Facility 500 February 2020 Less: Drawn on Credit Facility 15 Letters of Credit - Add: Cash and Equivalents 1 Net…
Columbia Pipeline Group Non-GAAP Reconciliation of Forecasted Adjusted EBITDA Year Ended December 31, 2016 (in millions) Low High Net Income 248 258 Add: Interest expense 125 118 Income taxes 110 113 Depreciation and…
Columbia Pipeline Partners Non-GAAP Reconciliation of Forecasted Adjusted EBITDA Year Ended December 31, 2016 (in millions) Low High Net Income 543 557 Add: Interest expense 35 27 Depreciation and amortization 154 154…
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