TSX: PPL; NYSE: PBA May 12, 2016 Annual Meeting of Shareholders
Pembinas vision For our stakeholders to view us as being the leader in the Canadian energy infrastructure sector Our Stand: 1. Ensure no harm to people or the environment 2. We are the 'first choice' by customers to cost…
We are confident in our strategy Financial objective (stand-item 3): We provide sustainable industry-leading returns to our shareholders Strategy: Preserve value by providing safe, cost-effective, reliable services Diversify our asset…
Pembinas 'guard rails' through 2018 Overview Current Positioning Maintain target of 80% fee-for-service contribution to 1 On-track for 80% - 85% fee-for-service EBITDA EBITDA Financial metrics remain within BBB range with both…
Pembinas strategic investment criteria 1 6 Mitigate risk even if the results have modest returns Integration with the existing value chain Longevity (capture long-life economic hydrocarbon 2 7 Maintain or enhance customer…
A proven history of strategic expansions along the value chain Pembinas operating margin (MM) Expansion / exploitation of asset base 1 Expansion into crude oil midstream operations Gas services creation value chain extension…
Pembinas major highlights since our last AGM Increased monthly dividend by 4.9% 1.92 per share annualized Secured over 550 million in new projects + completed 600(2) million Kakwa River acquisition (250 mmcf/d sour gas processing…
What is next: exploit and grow existing business + extend value chain Follow-on Pembinas Integrated NGL Value Chain Initial Investment Growth Results Investment 1954 - Largest NGL feeder system in WCSB Drayton Valley 3 BB+ Largest…
Our business operates in prolific geology ALBERTA SASKATCHEWAN OIL SANDS MONTNEY (Resource life 185 years) (Resource Life TAYLOR 140 years) FORT MCMURRAY PELICAN LAKE SWAN HILLS DEEP BASIN (Resource Life 40 years) Fort…
We are pursuing a fee-for-service growth portfolio Relative Growth Project Portfolio S e c ure d G rowth P roje c ts In- S e rvic e Ca pita l Cost ( MM) Phase III Pipeline Expansions Mid 2017 2,440 30% (1) Late 2017 220 NEBC Expansion…
Conventional Pipeline expansions could bring Alberta capacity to 1.5 million bpd 1,600 1,500 mbpd 1,400 260 1,200 420 Achievable through 1,000 modest investment in additional pump stations Mbpd 800 55 53 45 52 600…
Expanding to meet customer demand Gas Services secured growth projects Total gas processing capacity (bcf/d) 4.2 2,000 1,800 470% Increase in capacity by H2 2017 100 100 1.8 Bcf/d 140 120 4.5 4.0 Bcf/d 1,600 100…
Significantly growing our NGL fractionation capacity 300 248 250 mbpd 18 200 55 mbpd 150 73 100 9 8 X 50 85 Completed since Pembinas last AGM - Sarnia & RFS I RFS Debottleneck RFS C3+ Debottleneck RFS II RFS III…
Summary of individual project contributions 2,000 Phase III Laterals 600 - 950 million RFS III Fractionator RFS II Fractionator of potential incremental annual run-rate EBITDA 1,500 Canadian Diluent Hub once Pembinas committed…
We are committed to a low-risk business platform Summary of operating margin by type (MM)(1) 2 1% 2 15% 2 1% Total fee- 12% based = 1 17% 2% 84% Total fee- 1 17% 15% 1% based = 82% 1 14% Total fee- 22% 17% based = 81% 1 20%…
Funding plan and capital structure are equipped for growth Funding plan (2016 - 2017)(1) Book value capital structure (March 31, 2016) 4.0 3.5 BB 3.5 (2016 2017) Paramount 28% Paramount Equity Financing Acquisition 3.0 DRIP…
Our priority is focused on asset integrity, safety and reliability Robust and continuous integrity management program Committed to safety (2015 track record) Continue to evaluate all threats to our pipelines and Employee recordable…
Working hard to support our key stakeholders Dedicated to supporting Pembinas Committed to being a leader in Aboriginal Recognized for being a top employer & operating communities relations having strong leadership Pembina United Way…
We continue driving shareholder value (10 year results) 380 % total shareholder return* *Jan 1, 2006- May 2, 2016, inclusive of dividends reinvested. 5.0 % CAGR in dividends per share* 4.2 * 2006 - 2015 billion in…
Thank You to our employees, Board of Directors, communities, service providers and shareholders. 22
Questions & Answers 23
CONTACT US Pembina Pipeline Corporation Suite 4000 585 8th Avenue S.W. Calgary, Alberta T2P 1G1 www.pembina.com investor-relationspembina.com Toll free: 1.855.880.7404 Phone: 403.231.3156