MLPA 2016 Annual Investor Conference Speaker: Michael Garberding, Chief Financial Officer June 1 - 3, 2016 1
Challenging Industry Conditions WTI Oil Price Cycle EnLink was prepared for the commodity volatility 3
2016: Focused on Stability & Execution Confidence Based on Strong Business Model Strong contract support: 95% fee-based gross operating margin and 75% of cash flows in TX & OK segments supported by MVCs or firm contracts…
Positioned in the Best Basins and Counties in the U.S. Top Basins By IRR1 Top Counties in the U.S.2 IRR % Rig Count 16% 20 = rank according to Bentek Counties where EnLink is serving customers 1 (labels show basin & relevant EnLink…
Size, Scale, and Diversity of Assets Strategically Located in Top Shale Plays Focused on Executing Growth Plans in Core Growth Areas: Central Oklahoma, Permian, Louisiana Significant Size and Scale 9,900 miles of pipelines 19 gas…
Strong Financial Position Well Positioned with a Strong Balance Sheet 900 MM of liquidity on 1.5 B credit facility at ENLK Strong Investment grade balance sheet at ENLK Balance Sheet Debt / adjusted EBITDA of 3.8x in Q1 2016…
Focused on Disciplined Value Creation Executing on near and long-term growth opportunities WTI Oil Price Cycle 8
Appendix 9
Reconciliation ENLK Net Loss to Adjusted EBITDA Q1 2016 Three Months Ended In Millions March 31, 2016 Net loss (562.9) Interest expense 43.7 Depreciation and amortization 121.9 Impairments 566.3 Loss from unconsolidated affiliate…
Reconciliation ENLK net cash provided by operating activities to Adjusted EBITDA Q1 2016 In Millions Three Months Ended March 31, 2016 Net cash provided by operating activities 189.1 Interest expense, net (1) 31.4 Current income tax…
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