Rice Midstream Partners Second Quarter 2016 Supplemental Presentation August 3, 2016 1 www.ricemidstream.com
RMP: High Growth MLP in Prolific Appalachian Basin DRY NATURAL GAS GATHERING & COMPRESSION SERVICES Legend RMP Gathering Pipeline Strategically located midstream assets RMP Gathering Pipeline to be Constructed Beaver 100% of…
Integrated Water Services Business MIDSTREAM FRESH WATER SERVICES Fresh water distribution systems & related facilities servicing Carroll Beaver Allegheny Marcellus and Utica completion operations in PA and OH Access to 22 MMgal/d of…
Recent RMP Highlights Execution is Driving Rapid Organic Growth Average daily throughput of 934MDth/d; 43% increase over 2Q15 Average compression volumes of 564 MDth/d; 872% increase over 2Q15 Freshwater delivery volumes of 335 MMgal;…
RMP Second Quarter 2016 Financial Summary Solid second quarter results supported by strong throughput growth, well capitalized balance sheet and ample liquidity FINANCIAL SUMMARY DISTRIBUTIONS Second quarter average daily throughput of…
Building Track Record of Strong Organic Growth EBITDA(1) (MM) THROUGHPUT (MDTH/D) DROP DOWNS (MM) 135 934 900 110% Annual 40% Annual 1.3B Future Drop 1,300 835 Growth Growth Down potential 647 64 391 42 38 175 17 16 19 200…
Prolific Assets and Strong Balance Sheet SUMMARY LEVERAGE(1) Ample Liquidity: 465MM of total liquidity to fund remaining 2016 2Q16 Net Debt / LTM EBITDAX 2016 Net Debt / LTM EBITDAX capex of 85MM 3.5x Strong Balance Sheet: Targeting…
2016 Updated E&P and Midstream Guidance E&P (1) E&P Capital Expenditures Net Wells Turned to Sales(2) Average Net Production MM Wells MMcfe/d 830 60 800 60 730 800 740 51 700 700 660 50 115 44 26 600 250 12 552 600 545 100 40…
2016 Updated RMP Guidance We are unable to provide a projection of full-year RMP 2016 GUIDANCE 2016 RMP net income and net cash provided by Denotes Guidance Updates operating activities, the most comparable financial measures to Adjusted…
RMP Well Positioned for Strong Continued Growth Core Midstream Footprint and Prolific Organic Growth 119,000 acres(1) dedicated from the most active operators in SW Appalachia; a 42% increase since IPO in Dec. 2014 Strong 2016 expected…
Appendix 11 www.ricemidstream.com
Recent RICE Highlights Strong Second Quarter Results Net production of 758 MMcfe/d; 43% increase over prior year quarter Net loss of 139 million for the second quarter; 118% decrease relative to prior year quarter Adjusted EBITDAX(1)…
Track Record of Low-Cost Growth MARCELLUS D&C COSTS (/FT.) UTICA D&C COSTS (/FT.) E&P PER UNIT CASH COSTS (/MCFE)(1) 1.80 1,507 2,588 0.44 1.50 1,269 1,218 1.34 1.23 0.43 1.13 1,715 0.38 0.34 0.23 850 0.22 1,275 0.38 0.38 0.40…
2016 Updated RICE Guidance Updating 2016 guidance to reflect recent results and expected performance for the rest of the year RICE 2016 E&P + RMH GUIDANCE Denotes Guidance Updates Prior Updated Prior Updated Net Wells Spud Online Spud…
RICE Second Quarter 2016 Consolidated Financial Summary Solid second quarter results supported by well-capitalized balance sheet and ample liquidity QUARTERLY HIGHLIGHTS CAPITALIZATION AT 6/30/2016 82% of 2Q16 production sold to…
RMP 2Q 2016 Adjusted EBITDA and DCF Reconciliation Three Months Ended ( in thousands) June 30, 2016 Reconciliation of Net Income to Adjusted EBITDA and DCF: Net income 27,936 Interest expense 920 Depreciation expense 6,855…
RICE 2Q 2016 Adjusted EBITDAX Reconciliation Three Months Ended ( in thousands) June 30, 2016 Adjusted EBITDAX reconciliation to net income (loss): Net loss (138,709) Interest expense 24,802 Depreciation, depletion and amortization…
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