The DCP Enterprise Enterprise Enterprise value of value of 53B(1) 50% 50% 39B(1) 21.4% LP/GP Interest Public Unitholders 78.6% Common Enterprise LP Interest value of (NYSE:DPM) 6B(1) DCP Midstream, LLC DCP Midstream…
DCP Enterprise: Industry-Leading Position 6.9 Natural Gas gathered/ 382 NGL Production transported (Tbtu/d)(1) (MBbl/d)(1) Antrim DJ Basin Marcellus Wattenberg Conway Front Range Range Front Midcontinent 66,200 miles…
DCP Enterprise: Macro Overview Industry is Resetting Macro Environment DCP Opportunity Optimize systems and reduce costs Supply & demand will find equilibrium Become low cost service provider Significant producer budget cuts reducing…
DCP Enterprise: Pivoting for Recovery DCP Enterprise Pivoting For Recovery Improved reliability and asset utilization Contract realignment Secured DCP Midstream three year Resetting cost base 700 million Credit Facility total…
Can you talk about your contracts, What assets still customers and remain at DCP volumes by basin Midstream that could be dropped to DPM Can you talk a little about your liquidity and financial position for DCP Midstream and…
DCP Enterprise: Premier Footprint DCP Midstream, LLC DCP Midstream Partners (DPM) 8 billion of assets 5 billion of assets 1/3rd interest in Sand Hills & Southern Hills Strong fee-based asset portfolio Converting assets to fee-based…
DCP Enterprise: Key Basin Customer & Contract Profiles DJ Basin/North DJ Basin Life of Lease Top producers: Top producers: Midcontinent Newfield Noble Energy ConocoPhillips PDC Energy Apache Anadarko Devon Extraction 2016e…
DCP Enterprise Liquidity and Financial Position DCP Midstream Partners (DPM) DCP Midstream, LLC Ample liquidity Ample liquidity 1.25 Billion credit facility matures May 2019 New 700 million credit facility matures May 2019 Next bond…
DCP Enterprise: 2017-2018 Ethane Recovery Opportunity Over 650,000 barrels per day (bpd) of ethane DCP enterprise rejecting 60,000 65,000 bpd being rejected in the lower 48 - 350,000 bpd rejected around DCPs footprint Bakken 50MBPD…
DCP Enterprise: DPM and DCP Midstream are Aligned Delivering Strategy Drives strong sustainable Aligned growth at DPM distributions DCP 2020 Dropdowns 3.4B 1,150 DPM annual distribution paid per unit Organic growth 1.8B 1,040…
DCP Midstream Enterprise provides a Compelling Investment Opportunity in DPM A strong DCP Midstream equals a strong DPM Premier footprint Track record of Strong delivering sponsorship sustainable value Growing fee- Strong…
Supplemental information appendix
DCP Midstream Partners: Business Segments Wholesale Propane Natural Gas Services(1) NGL Logistics(1) Logistics(1) 23 Plants, 5 Fractionators 4 Fractionators Owned Terminals: 11,160 miles of pipelines 4,360 miles of NGL pipelines…
DCP Enterprise: Gathering & Processing Assets DCP & DPM in the DJ Basin DCP in the Permian DCP in the Midcontinent 9 Gas Processing Plants, 2 Fractionators 16 Gas Processing Plants, 2 fractionators 12 Gas Processing Plants 3,500…
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