Skip to main content April 2016 Investor Presentation – Pembina Pipeline Corp | Shale Experts
Loading...
Pm

April 2016 Investor Presentation – Pembina Pipeline Corp

Pembina Pipeline Corp · Apr 11, 2016 · 93 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. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 1
    TSX: PPL; NYSE: PBA April 11, 2016 1
  2. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 2
    Pembina remains well positioned in a rapidly changing world Investment highlights Integrated, strategic and difficult to replicate asset base largely supported by long-term, fee-for-service contracts Industry leading record of…
  3. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 3
    Pembinas 'guard rails' through 2018 Overview Current Positioning Maintain target of 80% fee-for-service contribution to 1 On-track for 80% - 85% fee-for-service EBITDA EBITDA Financial metrics remain within BBB range with both…
  4. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 4
    Actionable short-term and longer-term strategies All are subject to Pembinas Guard Rails and Strategic Investment Criteria Short-term strategy Longer-term strategy Execute Target: cost savings of 5 percent on 5 Deploy Target…
  5. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 5
    A proven history of strategic expansions along the value chain Pembinas operating margin (MM) Expansion / exploitation of asset base 1 Expansion into crude oil midstream operations Gas services creation value chain extension…
  6. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 6
    Our strategy continues to work well Volumes continue to increase As does financial performance 2,000 1,150 1,118 1,789 Operating Margin (MM) 1,800 1,720 1,100 1,078 1,660 1,050 1,600 1,000 1,400 949 950 1,200 900 1,000 850…
  7. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 7
    1 Our business operates in prolific geology ALBERTA SASKATCHEWAN OIL SANDS MONTNEY (Resource life 185 years) (Resource Life TAYLOR 140 years) FORT MCMURRAY PELICAN LAKE SWAN HILLS DEEP BASIN (Resource Life 40 years)…
  8. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 8
    1 Customer considerations development of the WCSB continues for key areas Illustrative WCSB geology Duvernay Montney 350 7.0 CAGR 150%+ CAGR 20% 300 6.0 250 5.0 Mmcfe/d Bcfe/d 200 4.0 150 3.0 100 2.0 50 1.0 - -…
  9. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 9
    1 Customer considerations newly drilled or licensed wells in the WCSB Producers continue to drill cautiously and invest given supportive geology Source: GeoScout. Map illustrates newly spud or licensed wells from March 1, 2015 to…
  10. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 10
    1 Customer considerations cash costs of 'Pembina' plays Indicative cash operating cost analysis by play type (Q4 2015) (C/Boe)(1) Field costs (C/Boe) Corporate costs (C/Boe) 30.00 28.02 Royalties Transportation Operating Costs G&A…
  11. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 11
    1 Customer considerations cash costs of 'Pembina' customers Illustrative cash costs vs. revenues at forward strip pricing by customer(1) 45.00 0% - 30% oil weighted 30% - 60% oil weighted 60%+ oil weighted 40.00 35.00 30.00…
  12. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 12
    1 Customer considerations driving capital efficiency Gas weighted producers Oil weighted producers 16 66% capital efficiency improvement 9.0 35 55% capital efficiency improvement 3.0 14 30 12 8.5 25 2.5 Capital…
  13. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 13
    1 Customer considerations best wells in 2015, by area Top 5 British Colombia Montney wells drilled in 2015 Top 5 Alberta Montney wells drilled in 2015 2,500 2,000 1,896 2,033 2,000 1,781 1,744 1,428 Calendar Rate (Boe/d)…
  14. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 14
    2 Volume considerations Pembinas systems volume history Conventional Pipelines physical volumes(1) Gas Services physical volumes(1,2) 700 1,000 Illustrative Resthaven Shutdown Impact 900 600 800 500 700 MMcf/d Mbpd 600…
  15. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 15
    3 Commodity price considerations impact of pricing downturn Sustained financial performance Long-term record of dividend growth Growing dividends and funding growth 1,200 160 2.00 160 900 1.80 800 140 140 1,000 1.60 700 120…
  16. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 16
    3 Commodity price considerations crude oil pricing impact on Pembinas Crude Oil Midstream business Historical WTI pricing vs. Crude Oil Midstream operating margin 120 200 114 110 111 110 107 180 160 100 140 90 87 120 US /…
  17. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 17
    4 Credit considerations counterparty credit stats 60 day credit exposure(1,3) Additional credit exposure considerations Non Investment Grade AAA 1% Overall 60 day credit exposure: AA- to AA+ 21% 17% 60% with investment grade…
  18. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 18
    4 Credit considerations top 10 counterparty overview Top 10 counterparty exposure out of total Top 10 counterparty exposure(1) Top 10 counterparty credit ratings(2) exposure(1) Counterparty Credit rating Counterparty 1 BBB- / Ba2…
  19. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 19
    5 Execution considerations track record of success (pre-2016) Capital Cost Project Date in-service Completed on-time Completed on-budget Safety metric(1) (MM) Heavy Oil & Oil Sands Mitsue: ahead of schedule 1,100,000+ man hours &…
  20. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 20
    5 Execution considerations 2015 execution highlights 1.3 billion of strategic, largely fee-for-service assets were placed in service in 2015 Throughout 2015, Pembina commissioned numerous large-scale infrastructure projects across…
  21. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 21
    5 Execution considerations 2016 project updates Commissioning update Commercial / regulatory updates Edmonton North Terminal expansion Canadian Diluent Hub (CDH) 550 mbbls of additional storage capacity Commercial agreements for in…
  22. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 22
    6 Growth considerations future opportunities Super Majors + other well capitalized producers continue to commit significant capital to the Gas Services development of the Montney and Duvernay resources plays Large-scale…
  23. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 23
    6 Growth considerations M&A opportunities in all markets EV / operating margin multiple at acquisition Current EV / operating margin multiple 12.0x 11.6x 11.6x 11.3x 12.0x 10.0x 10.0x 10x 10.0x 9.7x 9.8x 10.0x 9.2x 8.0x 8.0x…
  24. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 24
    7 Funding considerations access to capital remains strong Financing considerations Total capital raised (2013 YTD 2016) 5.7 billion raised since 2013 (inclusive of DRIP 3.0 proceeds) Total capital raised 5.7 billion 2.4 billion…
  25. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 25
    8 Balance sheet considerations peer comparison 7.0x 6.0x 5.0x Debt / EBITDA (2016E) 4.0x 3.0x 2.0x 1.0x - BBB+ BBB BBB A- BBB+ A- A BBB BBB+ BBB BBB Ba2 NR Pembina continues to employ less leverage…
  26. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 26
    9 Phase III project update Phase III Expansion ALBERTA Phase III Expansions Phase III Expansion (under construction) Capital investment of 2.44 billion (tracking under Completed Phase III Expansion segment budget) Pembina crude…
  27. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 27
    Volatility remains the key theme in commodity markets Historical crude oil pricing Historical natural gas pricing Historical indicative fractionation spread(1) 120 6.00 60 100 5.00 50 80 4.00 40 US / Bbl US / Bbl…
  28. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 28
    The worst might be over for North American propane markets Propane inventories + pricing US propane production (mbpd) US propane exports vs. capacity 1,600 120 US 1.60 1,400 100 1.40 1,400 1.20 80 1,200 1.00 US/Gal…
  29. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 29
    Condensate market dynamics Western Canada condensate supply and demand(1) Pembinas Canadian Diluent Hub 700 Reduction Due to Rail Forecast Demand (Bitumen Blending) 600 Supply - Base Case (WCSB Production) Supply - High Case…
  30. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 30
    Conventional Pipelines update (2014 2016) Operating / financial overview 2015 highlights + 2016 outlook Revenue volumes (mbpd) 2015 Highlights 614 620 Y-o-Y increase 7% Record annual revenue volumes (614 mbpd) + operating margin…
  31. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 31
    Conventional Pipeline expansions could bring Alberta capacity to 1.5 million bpd 1,600 1,500 mbpd 1,400 260 1,200 420 Achievable through 1,000 modest investment in additional pump stations Mbpd 800 55 53 45 52 600…
  32. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 32
    Our Conventional Pipeline revenue volumes continue to grow Solid industry performance and strategically located assets have led to strength in Pembina's throughput profile 650 700 mbpd 614 mbpd 575 mbpd 600 492 mbpd 456 mbpd…
  33. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 33
    Strategic pipeline lateral program NEBC Expansion estimated late 2017 in-service ALBERTA 150 km, up to 12 HVP/LVP batched pipeline, underpinned by long-term, cost-of-service agreement Base capacity of up to 75 mbpd Taylor Altares…
  34. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 34
    Oil Sands & Heavy Oil update (2014 2016) Operating / financial overview 2015 highlights + 2016 outlook Contracted capacity (mbpd) 2015 Highlights 1,000 800 880 880 Contracted capacity (880 mbpd) + operating margin (139 MM) remains…
  35. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 35
    Crude Oil Midstream update (2014 2016) Operating / financial overview 2015 highlights + 2016 outlook Operating margin (MM) 2015 Highlights 60 101% of 2015 Budget 125 Operating margin (170 MM) remains relatively strong despite low…
  36. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 36
    Midstream assets are positioned to create significant optionality PNT-H (Canadian Redwater Diluent Hub Complex PNT-N (Namao) PNT-E (Edmonton North Terminal) Pembina Crude Oil Pipelines Pipeline Pembina NGL Pipelines…
  37. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 37
    Major development project update (LVP) Expected Tracking Tracking Regulatory Approval Project Status In-Service On Time On Budget Midstream Canadian Diluent Hub Yes Under Development Mid 2017 On Time Optimized Scope…
  38. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 38
    Gas Services update (2014 2016) Operating / financial overview 2015 highlights + 2016 outlook Revenue volumes (mmcf/d) 2015 Highlights 800 Y-o-Y increase 27% 656 Record annual revenue volumes (656 mmcf/d) + operating margin (144 MM) +…
  39. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 39
    Expanding to meet customer demand Gas Services secured growth projects Total gas processing capacity (bcf/d) 2,000 1.8 140 4.5 1,800 1,600 470% Increase in capacity by H2 2017 100 100 Bcf/d 120 4.5 5.0 Bcf/d 100 4.0…
  40. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 40
    Paramount Kakwa acquisition top tier geology Overview Additional resource considerations The Alberta Montney is one of fastest Cretaceous land base resource growing areas within the WCSB potential of 11 Tcf of gas + liquids…
  41. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 41
    Paramount Kakwa acquisition (Newest member of the Cutbank Complex) Acquisition overview Illustrative regional map Pembina entered into an agreement to acquire Paramounts Musreau gas processing infrastructure for 556 MM Transaction…
  42. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 42
    NGL Midstream update (2014 2016) Operating / financial overview 2015 highlights + 2016 outlook NGL sales volumes (mboe/d) 2015 Highlights 130 Y-o-Y change -3% Another year of safe, reliable operations across all facilities 119 120…
  43. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 43
    Significantly growing our NGL fractionation capacity 300 248 250 mbpd 18 200 55 mbpd 150 73 100 9 8 50 85 - Sarnia & RFS I RFS Debottleneck RFS C3+ Debottleneck RFS II RFS III RFS III De-ethanizer Total (Q1…
  44. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 44
    Significant growth in NGL storage capacity Finished product storage capacity Operational storage capacity 9.0 8.3 4.0 3.5 mmbbls 0.5 3.5 mmbbls 8.0 0.5 7.0 0.6 3.0 6.0 5.1 1.7 2.5 1.6 5.0 mmbbls 2.0 4.0 1.4 0.5 1.5 mmbbls…
  45. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 45
    Over 1 billion in capital projects at Redwater Rail Loading RFS I RFS II RFS III Operating & Under Construction Operating In service Under Construction Expanding facility to handle 250+ cars per 73,000 bpd C2+ fractionator 415 million…
  46. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 46
    Major development project update (NGL) Expected Tracking Tracking Regulatory Approval Project Status In-Service On Time On Budget Resthaven Expansion Yes In-Service Mid 2016 On Time Under Budget Services Gas Musreau III Yes…
  47. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 47
    NGL value chain Pembina's integrated service offering Downstream Production Consumption Conventional Gas Services Pipelines Midstream Propane Dehydrogenation & Propylene Production Propane Gathering, Export Mainline…
  48. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 48
    Alberta feedstock advantage creates 'value add' opportunities Feedstock Supporting assets Value add opportunity End use / value added product Natural Gas (C1) Gas processing Gas-to-Liquids Conversion Gasoline, Diesel, Methanol 4.5…
  49. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 49
    Doing more with the molecule propane market dynamics Illustrative WCSB propane supply & demand(1) Additional market considerations The revolution in unconventional drilling and liquids 200 WCSB Propane Supply Range production has…
  50. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 50
    Doing more with the molecule LPG export terminal LPG export terminal opportunity Shortest route to NE Asia from North America West Coast Pembina value chain extension opportunity Global opportunity Growing North American production…
  51. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 51
    Doing more with the molecules uses of polypropylene Polypropylene (PP) pellet type & selected end use Canadian PP Demand(1) 700 600 Volume ('000 Metric Tons) 500 400 300 200 PP Conversion 100 - Canadian PP…
  52. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 52
    Doing more with the molecule polypropylene market Polypropylene (PP) overview World plastic demand by polymer (2015)(1) PP is a downstream petrochemical product derived from the olefin monomer, PE derivatives propylene PP 224 mmta…
  53. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 53
    Kuwait Petroleum Corporation Qualifications Subsidiary Petrochemical Industries Companies (PIC) has agreed to a Joint Feasibility study with Pembina (Announced April 2016) PDH Experience PIC has 25% stake in SK Gas 600kTa PDH in…
  54. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 54
    Strategic project location Rail access Proximate to major pipelines Zoned heavy industry Salt cavern storage rights Lands available for world-scale development Pembina has secured an ideal site for potential PDH + PP development…
  55. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 55
    PDH considerations 'Investment Criteria' / 'Guard Rails' Pursue fixed price / turn-key EPC solutions to limit capital cost exposure / risks Evaluate project finance maintain a strong balance sheet and a strong investment grade credit…
  56. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 56
    Track record of value chain investment & extension Initial Extension Follow -on Pembinas Integrated NGL Value Chain Growth Results Investment Investment Pembina system Pipeline capacity now over 1,000,000 bpd 1954 - constructed to…
  57. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 57
    Pembinas secured capital program progression Capital Revised Capital Paramount Program Program Acquisition 5.3 BB of (5.0 BB) assets to go into service 5.0 BB of Altares Lateral (70 2.9 BB left Aggregate revised assets MM) to…
  58. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 58
    We are pursuing a fee-for-service growth portfolio Relative Growth Project Portfolio S e c ure d G rowth P roje c ts In- S e rvic e Ca pita l Cost ( MM) Phase III Pipeline Expansions (1) Mid 2017 2,440 30% 28% NEBC Expansion (1) Late…
  59. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 59
    Project timelines & in-service dates Committed capital expected in-service date(1) Expected project timelines(1) SEEP 1.2 4.0 billion of capital expected to be put into service in 2016 Saturn II 3.5 Phase II Expansion…
  60. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 60
    Summary of individual project contributions 2,000 Phase III Laterals 600 - 950 million RFS III Fractionator RFS II Fractionator of potential incremental annual run-rate EBITDA 1,500 Canadian Diluent Hub once Pembinas committed…
  61. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 61
    We are committed to a low-risk business platform Summary of operating margin by type (MM)(1) 2 1% 2 15% 2 1% Total fee- 12% based = 1 17% 2% 84% Total fee- 1 17% 15% 1% based = 82% 1 14% Total fee- 22% 17% based = 81% 1 20%…
  62. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 62
    Financing objectives Finance growth 50/50 debt/equity Maintain BBB rating with conservative balance sheet metrics Manage through the investment cycle Ensure ample liquidity to fund capital program Ensure financing flexibility to…
  63. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 63
    Debt metrics Total Debt / EBITDA Funds from Operations / Total Debt 5.0x 30% 4.0x 20% 3.0x % x 2.0x 10% 1.0x - - (1) (1) 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 Total Debt / Total Book…
  64. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 64
    Historical balance sheet review Historical debt / trailing twelve month (TTM) EBITDA and. capital expenditures 4.5x 600 4.0x 500 3.5x 3.0x 400 Debt / TTM EBITDA (x) 2.5x MM 300 2.0x 1.5x 200 1.0x 100…
  65. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 65
    Long-dated debt maturity profile Pembina debt maturity profile Pembinas debt portfolio is more conservative 700 Senior Debt Convertible Debentures than its peer group: 600 Weighted average maturity of 14 years 500 400 vs. peer…
  66. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 66
    Funding plan and capital structure are equipped for growth Funding plan (2016 - 2017)(1) Capital structure (March 31, 2016) 4.0 3.5 BB (2016 2017) 3.5 Paramount (2) Paramount (2) 28% Paramount Equity Financing Equity Financing…
  67. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 67
    Sensitivities (2016 EBITDA CMM) Conventional Pipelines Key variable Uncontracted volumes Volume 10,000 bpd 9 Gas Services Key variable Uncontracted volumes Volume 10 mmcf/d 2 NGL Midstream(1,2) Key variables AECO 0.25 CAD/gj 10…
  68. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 68
    Dividend growth supported by growing cash flow 3.00 2.50 4.9% Dividend increase announced March 2016 2.00 / Share 1.50 1.00 0.50 - 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Dividend per share…
  69. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 69
    We continue driving shareholder value 330 % total shareholder return* *Jan 1, 2006- Apr 1, 2016, inclusive of dividends reinvested. 5.0 % CAGR in dividends per share* * 2006 - 2015 4.1 billion in dividends paid since…
  70. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 70
    We produce exceptional performance Total return Pembina vs. S&P/TSX 700 Relative Total Return (100 = January 1, 2006) 600 500 330% 400 300 200 60% 100 - 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016…
  71. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 71
    Key take-away we are doing the important things right Strategically located and well-established infrastructure Extensive and diversified asset footprint with high barriers to entry, serving long-life, economic hydrocarbon reserves…
  72. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 72
    Pembina represents a unique investment opportunity Pure play energy infrastructure company that TSX: PPLNYSE: PBA allows investors to participate in the oil and Common shares outstanding(1) 387 million natural gas liquids industry…
  73. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 73
    Pembinas assets and businesses at a glance Midstream 155 mbpd of Redwater fractionation capacity; 20 truck terminals; 14.3 MMbbl storage; product marketing; 2.4 bcf/d extraction; Nexus Terminal hubs Gas Services(1) 468 MMcf/d…
  74. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 74
    Business Segment Overviews
  75. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 75
    Conventional Pipelines Pipeline operational excellence: 97%+ reliable (2015) ALBERTA Proximal to prolific geology FORT Q4 2015 revenue volumes: 621 mbpd (2% increase from Q4 2014) MCMURRAY DUNVEGAN TAYLOR 2015 revenue volumes: 614…
  76. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 76
    Crude Oil Midstream Develop and provide terminal, hub & storage services to ALBERTA ALBERTA support the energy industry Over 900 mbbls of above ground crude oil and FORT MCMURRAY condensate storage capacity + expansion potential…
  77. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 77
    Oil Sands & Heavy Oil Syncrude Pipeline Operational excellence Horizon Pipeline Cheecham Lateral 99+% reliable (2015) Nipisi Pipeline Mitsue Pipeline Diverse connectivity to various industry hubs for crude oil and Peace Pipeline…
  78. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 78
    Gas Services Operational excellence ALBERTA 97% reliable (2015) Positioned in active and emerging NGL rich plays FORT Provide gas gathering, compression and shallow/deep cut MCMURRAY processing services 468 MMcf/d shallow cut…
  79. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 79
    NGL Midstream Gas Processing Plant Fractionator Redwater West: Midstream Storage Facility Truck Terminal 155 mbpd of NGL fractionation capacity and 7.8 mmbbls of Rail Terminal Pembina Pipelines finished product cavern storage Third…
  80. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 80
    NEBC Montney Expansion Conventional Pipelines Proposed Expansion Area Project overview Construction update BRITISH COLUMBIA Altares Lateral Pembina Blueberry System Large-scale pipeline expansion, Key Accomplishments in 2015…
  81. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 81
    Phase III Conventional Pipelines Project overview Construction update Largest expansion project in Pembinas Key Accomplishments in 2015 history Completed Kakwa to Simonette Pipeline and 880 km total of new pipeline with four placed…
  82. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 82
    Vantage Expansion Conventional Pipelines Project overview Construction update Base System Key Accomplishments in 2015 700 km ethane import pipeline All NEB permits received originating in Tioga, North Dakota and All land and project…
  83. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 83
    Horizon Pipeline System Expansion Oil Sands & Heavy Oil Project overview Construction update Expanding the existing Horizon Pipeline Key Accomplishments in 2015 System to 250 mbpd at the request of the Procured over 100% of…
  84. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 84
    Edmonton North Storage Midstream Project overview Construction update Original storage on site 300 mbbls Key Accomplishments in 2015 Provides storage upstream of pipeline Storage tanks fabrication completed alley Facility…
  85. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 85
    Duvernay I Gas Services Project overview Construction update Development of a new 100 MMcf/d shallow Key Accomplishments in 2015 cut gas plant, with expected NGL extraction Announced agreement to build, own and capacity of 5,500(1)…
  86. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 86
    Musreau III Gas Services Project overview Construction update Constructing a new 100 MMcf/d shallow Key Accomplishments in 2015 cut facility with expected NGL extraction Completed all engineering and capacity of 3,000(1) bpd…
  87. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 87
    Resthaven Expansion Gas Services Project overview Construction update Expanding the Resthaven facility by an Key Accomplishments in 2015 incremental 100 MMcf/d, bringing total Completion of gas gathering pipeline plant capacity to…
  88. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 88
    RFS II Midstream Project overview Construction update New 73 mbpd C2+ fractionator Key Accomplishments in 2015 Facility twins Pembinas existing C2+ Reached mechanical completion Redwater fractionator Key Activities in 2016 RFS II…
  89. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 89
    RFS III Midstream Project overview Construction update New 55 mbpd C3+ fractionator Key Accomplishments in 2015 Underpinned by long-term take-or-pay Completed all earthworks, piling and contracts with multiple producers…
  90. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 90
    Terminalling Services for NWR Sturgeon Refinery Midstream Project overview Construction update Provide terminalling services for Sturgeon Key Accomplishments in 2015 Refinery (North West Redwater Announcement of project development…
  91. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 91
    Canadian Diluent Hub Midstream Project overview Construction update Canadian Diluent Hub Large-scale diluent terminal designed to CDH I: Existing accommodate contracted diluent supply Continued success in existing condensate…
  92. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 92
    Our priority is focused on asset integrity, safety and reliability Robust and continuous integrity management program Committed to safety (2015 track record) Continue to evaluate all threats to our pipelines and facilities Employee…
  93. April 2016 Investor Presentation – Pembina Pipeline Corp – slide 93
    Working hard to support our key stakeholders Dedicated to supporting Pembinas Committed to being a leader in Aboriginal Recognized for being a top employer & operating communities relations having strong leadership Pembina United Way…

From the store

Browse maps, data & reports in the Shale Experts store