Skip to main content Barclays Investment Grade Energy & Pipeline Conference – Plains All American Pipeline, L.P. Investor Presentation | Shale Experts
Loading...

Barclays Investment Grade Energy & Pipeline Conference – Plains All American Pipeline, L.P.

Plains All American Pipeline, L.P. · Mar 2, 2017 · 20 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Barclays Investment Grade Energy & Pipeline Conference – Plains All American Pipeline, L.P. – slide 1
    Barclays Investment Grade Energy & Pipeline Conference New York, NY March 2, 2017 www.plainsallamerican.com NYSE: PAA & PAGP 1
  2. Barclays Investment Grade Energy & Pipeline Conference – Plains All American Pipeline, L.P. – slide 2
    Discussion Outline Brief Overview of PAA PAAs Permian Basin Outlook & Positioning Future Growth & Financial Overview Q&A www.plainsallamerican.com NYSE: PAA & PAGP 3
  3. Barclays Investment Grade Energy & Pipeline Conference – Plains All American Pipeline, L.P. – slide 3
    Simplified Organization Structure (rounded in millions) Unified Board of PAA Units & PAA GP Holdings, LLC Equivalent Units (PAGP GP) Directors PAGP Class A Shareholders (through AAP) 101 (1) AAP Private Unitholders (through AAP)…
  4. Barclays Investment Grade Energy & Pipeline Conference – Plains All American Pipeline, L.P. – slide 4
    PAA Has One Of The Largest And Most Integrated Crude Oil Pipeline & Terminal System In The U.S. (1) Plains Financial Profile Legend Total Enterprise Value: 33.1B Equity Market Cap(2) 23.0B Total LT Debt 10.1B PAA/PAGP Current…
  5. Barclays Investment Grade Energy & Pipeline Conference – Plains All American Pipeline, L.P. – slide 5
    PAA Has One Of The Largest And Most Integrated Crude Oil Pipeline & Terminal System In The U.S. (continued) Crude Oil Value Chain Legend Under Construction PAA Has: 1. Highly integrated crude oil pipeline & terminal system…
  6. Barclays Investment Grade Energy & Pipeline Conference – Plains All American Pipeline, L.P. – slide 6
    PAAs Permian Basin Outlook & Positioning www.plainsallamerican.com NYSE: PAA & PAGP 7
  7. Barclays Investment Grade Energy & Pipeline Conference – Plains All American Pipeline, L.P. – slide 7
    PAAs Permian Basin Outlook Largest, Most Resilient Of U.S. Shale Resource Areas Oil production grew 100,000 b/d (5%) in 2016 in the cycle trough significant growth widely expected in 2017 and beyond Current Permian Estimates…
  8. Barclays Investment Grade Energy & Pipeline Conference – Plains All American Pipeline, L.P. – slide 8
    PAAs Permian Basin Crude Oil System: Unmatched Interconnectivity Providing Access To Multiple Markets Permian Basin Assets / Activities Transportation Volumes 2,197 mb/d Cushing to Broom Active Pipeline Miles 4,000 Crude Storage…
  9. Barclays Investment Grade Energy & Pipeline Conference – Plains All American Pipeline, L.P. – slide 9
    PAAs Permian Basin Footprint Permian Basin: PAAs largest asset base / most operating leverage Special focus on Delaware Basin, ramp in volumes on legacy pipelines and ACC Pipeline MVC step-ups in existing contracts Pipeline…
  10. Barclays Investment Grade Energy & Pipeline Conference – Plains All American Pipeline, L.P. – slide 10
    Alpha Crude Connector (ACC) Asset Overview Closed acquisition in February 2017 for 1.2 ACC/PAA System Map billion Located in the core of the Northern Delaware Basin EPD Underpinned by long-term dedications (300k+ dedicated acres…
  11. Barclays Investment Grade Energy & Pipeline Conference – Plains All American Pipeline, L.P. – slide 11
    Advantage Asset Overview 50/50 JV With Noble Midstream JV to acquire for 133 million Advantage/PAA System Map Majority of PAAs 50% share is expected to be paid in PAA units issued to certain of the sellers PAA at closing Wink…
  12. Barclays Investment Grade Energy & Pipeline Conference – Plains All American Pipeline, L.P. – slide 12
    Future Growth & Financial Overview www.plainsallamerican.com NYSE: PAA & PAGP 13
  13. Barclays Investment Grade Energy & Pipeline Conference – Plains All American Pipeline, L.P. – slide 13
    PAA Is Completing A Multi-Year Capital Program Focused On Building Out Regional Interconnectivity Across The Value Chain Potential for small bolt-on opportunities and additional 2016 Project Completions: Permian projects in key…
  14. Barclays Investment Grade Energy & Pipeline Conference – Plains All American Pipeline, L.P. – slide 14
    Diamond Pipeline PAA Cost: 465mm Description: 20, 440 mile pipeline from Cushing, OK to Valero Memphis, TN refinery Ownership: 50% JV operating interest with partner Valero, the shipper Capacity: Initial capacity of 200mb/d;…
  15. Barclays Investment Grade Energy & Pipeline Conference – Plains All American Pipeline, L.P. – slide 15
    PAAs Investments Have Continued To Drive Growth In Fee-Based Transportation & Facilities Segments Fee-based Adjusted EBITDA growth driven by: PAA Adjusted EBITDA By Segment ( millions) Permian production growth 2,400 Project…
  16. Barclays Investment Grade Energy & Pipeline Conference – Plains All American Pipeline, L.P. – slide 16
    PAAs Substantial Capacity Across The Asset System Leverages PAA To An Industry Recovery Increased utilization of PAAs Available Capacity asset base can result in 100 mb/d significant EBITDA growth with 0-100 mb/d Substantially…
  17. Barclays Investment Grade Energy & Pipeline Conference – Plains All American Pipeline, L.P. – slide 17
    PAAs Actions Throughout The Downturn Reiterate Its Commitment To Investment Grade PAA has taken actions throughout the industry downturn to manage capital needs, focus the core business and return to targeted balance sheet metrics…
  18. Barclays Investment Grade Energy & Pipeline Conference – Plains All American Pipeline, L.P. – slide 18
    PAA Capitalization & Liquidity Capitalization ( in billions) As of December 31 2015 2016 Short-term Debt(1) 1.0 1.7 Long-term Debt 10.4 10.1 Partners' Capital 7.9 8.8 Total Book Capitalization 18.3 18.9 Credit Stats & Liquidity…
  19. Barclays Investment Grade Energy & Pipeline Conference – Plains All American Pipeline, L.P. – slide 19
    Key Takeaways Strong long-term fundamentals for the oil resource plays and PAAs assets and business PAA has one of the largest and most integrated crude oil midstream systems in North America Located in all major crude oil resource…
  20. Barclays Investment Grade Energy & Pipeline Conference – Plains All American Pipeline, L.P. – slide 20
    Q&A www.plainsallamerican.com NYSE: PAA & PAGP 21

From the store

Browse maps, data & reports in the Shale Experts store