Azure Midstream Enterprise Overview Azure Midstream Enterprise Overview Azure Midstream Partners, LP The Azure Midstream Enterprise is comprised of Azure In millions, except per unit data Midstream Partners, LP (NYSE: AZUR) and its…
Diversified Midstream Operating Footprint Gas Gathering & Processing in East TX & North LA and Crude Logistics in the San Juan, Powder River and Uinta Basins Azure Midstream Assets Gas Gathering: Legacy Gathering System, ETG…
Azure Midstream Enterprise Organizational Structure Azure Midstream Holdings, LLC (Majority of Ownership Controlled By Private 100% Equity Sponsors Energy Spectrum and Tenaska Capital Management) NuDevco 10% of IDRs 90% of…
Investment Highlights Azure Sponsorship: Azure is financially incentivized to support the Partnerships growth through Strong Sponsor additional dropdowns Support / Aligned Strong Senior Leadership: Experienced leadership team brings…
Experienced Senior Leadership and Commercial Team President of Azure Midstream since July 2012 Founded Laser Midstream Company (Laser II), which developed a 1.4 Bcf/d gas gathering system in Northeast Pennsylvania and Southern New…
Azure Midstream Partners, LP Overview
Azure Midstream Partners, LP Overview Growthoriented midstream MLP engaged in natural gas gathering, transportation, compression, dehydration, treating, processing, NGL transportation, and crude oil transloading services Investment…
Azure Midstreams Fee-Based Cash Flows Limit Commodity Exposure Revenues Backed by Feebased Contracts with Minimum Volume Commitments Feebased contracts with annual inflation Segment Gross Margin Pro Forma (1) adjustments and…
Azure Midstream Has Stable Fee-based Cash Flows Low Direct Commodity Price Exposure Risk Relative to Selected Peers MIDSTREAM ENERGY LLC 5% (1) 1% (1) 25% 95% 75% No direct commodity exposure 99% 99% 53% 47% 67%…
Legacy System Initial Dropdown in February, 2015 658 miles of high and lowpressure gathering lines, serving more than 65,000 dedicated acres with access to seven major downstream markets Asset Summary Legacy System Footprint Located…
ETG System - Follow-On Dropdown in July, 2015 ETG System Highlights ETG System Map Azure Midstream Partners, LP acquired the feebased ETG system from Azure Holdings in the third quarter of 2015 83.0 million total consideration 1.2…
ETG Acreage Dedication 12
ETG System Overlays Two Producing Horizons Bossier Shale Bossier Shale Some operators have drilled Bossier Shale wells in the Shelby Trough sub- play in addition to Haynesville wells Geologically similar to the Haynesville,…
System Operational Capacity Capacity Availability Supports Growth Potential Minimal incremental capital or operating expense required to service new production Highly responsive to producer drilling plans, expediting producer access…
Well Positioned To Capitalize on Expanding LNG and NGL Markets LNG and NGL Demand Creates Substantial Opportunity for Growth Majority of the approved and proposed LNG export facilities in the United States are situated on the Southeast…
Logistics Asset Overview Three transloading facilities with minimum volume commitments of 22,528 Bbls/d across Utah, Wyoming and New Mexico Asset Summary Logistics Footprint AZURs logistics assets contribute 20% of projected 2015…
Azure Holdings Drop Down Inventory
Azure Midstream Holdings Overview Gas gathering and processing assets with a book value of 800 million focused on the Haynesville, Cotton Valley and Bossier formations Investment Highlights Current Azure Holdings Footprint…
Holly System Asset Overview 345 miles of high and lowpressure pipeline serving 69,000 dedicated gross acres with throughput of 371 MMcf/d Holly System Summary Holly System Map 371 MMcf/d throughput (September, 2015) 345 miles of…
Shelby System Asset Overview 118 miles of high and lowpressure pipeline serving 34,000 dedicated gross acres with throughput of 125 MMcf/d Shelby System Summary Shelby System Map 125 MMcf/d throughput (September, 2015) 118 miles of…
MLP Financial Overview
AZURs Sustainable and Growing Cash Flow Historical Adjusted EBITDA Historical Distributable Cash Flow Distribution Coverage Ratio In Millions Distribution Coverage Ratio (RHS) Sustainable and growing EBITDA stream Continued…
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