Enable Midstream Partners, LP Third Quarter 2016 Conference Call November 2, 2016
Business Performance Drives Q3-16 Results Third Quarter 2016 Results Business Highlights Q3-16 Q3-15 Enable continues to achieve commercial success and In millions, except per unit and ratio data is well-positioned to meet customers…
Recent Commercial Successes Gathering and Processing Interstate Pipelines New 10-year, fee-based natural gas Enables Mississippi River Transmission, gathering and processing agreement LLC (MRT) subsidiary has extended with one of the…
Strong Producer Activity Across G&P Footprint Gathering and Processing Highlights Market-Leading SCOOP and STACK Position 33 rigs are currently contractually dedicated to Enable1 1 in Processing Market-Leading 15 Capacity2 Active Rig…
Significant Fee-based Gross Margin from T&S Segment Transportation and Storage Highlights Transportation and Storage System Total system utilization continues to increase across Enables interstate pipeline systems including deliveries…
Operating Statistics Q3-2016 Q3-2015 Key Drivers: Q3-16 vs. Q3-15 Lower volumes in Anadarko and Arkoma basins offset by higher Gathered volumes (TBtu/d) 3.16 3.17 volumes in the Ark-La-Tex basin Lower processed volumes in the…
Financial Results Selected Results - in millions Q3-2016 Q3-2015 Key Drivers: Q3-16 vs. Q3-15 Revenue 620 646 Lower average natural gas sale prices, changes in the fair value of condensate and NGL derivatives and one-time project…
Financial Results Continued Selected Results - in millions Q3-2016 Q3-2015 Key Drivers: Q3-16 vs. Q3-15 Net loss attributable to limited partners in the third quarter 2015 Net Income (Loss) attributable to limited reflects a non-cash…
Question and Answer 2017 Outlook 11
Significant Producer Acreage and Activity Drilling activity in the STACK, SCOOP and Haynesville is expected to drive significant volume growth for 2017 STACK and SCOOP Acreage and Activity Haynesville Activity Others…
2017 Operational, Financial and Capital Outlook 2017 Operational Outlook 2017 Financial Outlook 2017 Operational 2017 Financial Outlook in millions Outlook Natural Gas Gathered Volumes (TBtu/d) 3.3 3.8 Net Income Attributable to Common…
2017 Price Assumptions and Sensitivities 2017 Prices Assumptions Natural Gas Henry Hub (/MMBtu) 3.05 3.45 NGLs Mont Belvieu, Texas (/gal)1 0.46 0.56 NGLs Conway, Kansas (/gal)1 0.44 0.54 Crude Oil WTI (Bbl) 48.00 58.00 2017 Price…
Key Highlights Assets are located in prominent natural gas and crude oil producer basins with a Strategically market-leading midstream position in the SCOOP and STACK plays Located Assets Significant drilling activity across gathering…
Question and Answer Question & Answer 16
Operating Statistics by Basin Third Quarter 2016 & 2015 Anadarko Arkoma Ark-La-Tex Q3-16 Q3-15 Q3-16 Q3-15 Q3-16 Q3-15 Natural Gas Gathered Volumes (TBtu/d) 1.66 1.70 0.61 0.65 0.89 0.82 Natural Gas Processed Volumes (TBtu/d) 1.50…
Favorable Contract Structures and Credit Profile Enables 2017 gross margin profile is expected to be approximately 92% fee-based or hedged Certain gathering and processing contracts have provisions to protect against low commodity…
Non-GAAP Reconciliations Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 (In millions) Reconciliation of Gross Margin to Total Revenues: Consolidated Product sales 326 357 837 1,043 Service…
Non-GAAP Reconciliations Continued Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 (In millions, except Distribution coverage ratio) Reconciliation of Adjusted EBITDA and DCF to net income 1.…
Non-GAAP Reconciliations Continued Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 (In millions) Reconciliation of Adjusted EBITDA to net cash provided by 1. Distributions from equity method…
Non-GAAP Reconciliations Continued Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 (In millions) Reconciliation of Adjusted interest expense to Interest expense: Interest Expense 26 23 74 66…
Forward Looking Non-GAAP Reconciliation 2017 Outlook (In millions) Reconciliation of Adjusted EBITDA and distributable cash flow to net income attributable to limited partners: Net income attributable to common and subordinated units…
Forward Looking Non-GAAP Reconciliation Continued 2017 Outlook (In millions) Reconciliation of Adjusted interest expense to Interest expense: Interest Expense 114 - 122 Add: Amortization of premium on long -term debt 5 Capitalized…
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