October 11, 2013 Boardwalk Annual Customer Meeting Nashville Customer Meeting Presentation for MUFG Oil &Response Boardwalks Gas Conference to the May 2016 Changing Market Kathy Kirk, Senior Vice President Marketing &…
Key Investment Highlights Diversified midstream MLP that transports, stores, gathers and processes natural gas and liquids Approximately 90% of annual revenue is from fixed-fee, ship-or-pay contracts with primarily investment-grade…
Large and Diverse Platform of Infrastructure Assets Boardwalk is a diversified midstream MLP that transports, stores, gathers and processes natural gas and liquids Boardwalk Operational Highlights Pipelines: We own and operate…
Introduction to Boardwalks General Partner Our general partner is a wholly-owned subsidiary of Loews Corporation, a large diversified public company with four key operating subsidiaries in insurance, energy, and luxury lodging…
October 11, 2013 Boardwalk Annual Customer Meeting Nashville Customer Meeting Boardwalks FinancialResponse Overviewto the Changing Market Kathy Kirk, Senior Vice President Marketing & Origination Pineville Compressor Station…
Financial Highlights Substantially a long-term, fixed-fee revenue base Significant portion of revenues backed by firm, ship-or-pay contracts with primarily investment-grade customers Financial Profile Internally generated cash…
Capitalization as of March 31, 2016 Adjustments Adjustments for for ( in millions, except ratio data) December 31, 2014 2015 Financing Activities December 31, 2015 2016 Financing Activities March 31, 2016 Available…
Debt Maturity Schedule 900 800 700 1.5 billion Revolving Credit 600 Facility* expires in May 2020 in millions 500 400 300 200 100 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027…
Boardwalk Revenue Profile Backed by Firm, Long-term Contracts Majority of revenues are under firm contracts Capacity reservation charges, representing approximately 80% of our revenue base, are received monthly regardless of…
Contracted Firm Transportation Revenues Contracted Annual Revenues from Capacity Reservation and Minimum Bill Charges under Committed Firm Transportation Agreements as of December 31, 2015 1,100 1,030 Contracted 1,010 1,000…
October 11, 2013 Boardwalk Annual Customer Meeting Nashville Customer Meeting Boardwalks Response Boardwalk to the Strategy Changing Market Kathy Kirk, Senior Vice President Marketing & Origination Pineville Compressor…
Boardwalk Strategy Further Leverage and Optimize diversify Strengthen Asset Base within the Existing midstream Assets Continue to identify energy sector and implement new uses for assets, Continue to expand into Continue to…
Strategy Execution and Recent Events Date Event December 2011 through Completed 2.1 billion of acquisitions (including the acquisition January 2015 of the Evangeline Ethylene Pipeline) and growth projects, which were on time and on…
Completed 2.1 billion of Projects and Acquisitions Since December 2011 Growth Scope Strategy Timing Capex Project/Acquisition ( million) Acquisition of Petal Acquired approx. 23 Bcf of working gas capacity and 105 miles of natural gas…
And Announced 1.6 Billion of Growth Projects Since February 2014 Southern Indiana Lateral 75 million in capex Capacity: 53,500 MMBtu/d In service: Q3-2016 (est) Leverage Existing Assets Western Kentucky Lateral Northern Supply…
October 11, 2013 Boardwalk Annual Customer Meeting Nashville Customer Meeting Market Fundamentals Boardwalks Response to the Changing Market Kathy Kirk, Senior Vice President Marketing & Origination Pineville Compressor…
Well Positioned to Capitalize on Changing Supply Dynamics By 2020, U.S. supply is forecasted to grow by approximately 23 Bcf/d Boardwalk assets are located near shale gas supply sources with significant reserves 39.6 Bcf/d 18.9…
Changing Demand Dynamics: LNG Exports Bcf/d LNG Facilities by Location Existing Approved Proposed Texas 1.5 3.9 11.1 Louisiana 5.8 9.5 8.8 Mississippi - - 1.5 Grand Total 7.3 13.4 21.4 We have executed long- term, firm…
Changing Demand Dynamics: Industrial Markets INDUSTRIALS We provide approximately 188 industrial facilities with a combination of firm and interruptible natural gas and liquids transportation and storage services Industrials…
Forecasted U.S. Coal Retirements Over the Next 15 Years POWER PLANTS We are directly connected to 42 natural-gas-fired power generation facilities in eight states. Year Forecasted megawatts (MWs) 2015 14,883 Since 2010, our…
Changing Flow Patterns Impacting Basis Spreads to Henry Hub LEGEND DOMINION Average Annual SOUTH POINT Spread (0.96) 2016 (1.14) 2015 (0.21) 2013 0.31 2009 COLUMBIA GULF MAINLINE KOSCI CENTERPOINT EAST (0.08) (0.03) (0.06)…
Gulf Coast Ethylene Supply and Demand Forecasts Legend Ethane Crackers Under Construction Ethane Crackers Announced Evangeline Ethylene Pipeline BLM Operating Hubs 8 Net Ethylene Capacity 6 Texas billion pounds 4 Baton…
Key Investment Highlights Diversified midstream MLP that transports, stores, gathers and processes natural gas and liquids Approximately 90% of annual revenue is from fixed-fee, ship-or-pay contracts with primarily investment-grade…
EBITDA and Distributable Cash Flow Reconciliation Non-GAAP Financial Measures Earnings before interest, taxes, depreciation and amortization (EBITDA) is used as a supplemental financial measure by Boardwalks management and by external…
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