First Quarter 2017 Supplemental Presentation May 3,1 2017 www.ricemidstream.com
Non-GAAP Financial Measures RMP Adjusted EBITDA, Distributable Cash Flow and DCF Coverage Ratio Adjusted EBITDA is a supplemental non-GAAP financial measure that is used by management and external users of RMPs consolidated financial…
RMP Adjusted EBITDA and DCF Reconciliation Year Ended Year Ended Three Months Ended Twelve Months Ended ( in thousands) December 31, 2015 December 31, 2016 March 31, 2017 March 31, 2017 Reconciliation of Net Income to RMP Adjusted…
Non-GAAP Reconciliations RICE Adjusted EBITDAX Reconciliation RMH Adjusted EBITDA Reconciliation Three Months Ended Twelve Months Ended Three Months Ended Twelve Months Ended ( in thousands) March 31, 2017 March 31, 2017 ( in…
Rice Midstream Partners Overview Ticker Symbol NYSE: RMP Headquarters Canonsburg, PA IPO date December 2014 Rice Midstream Holdings LLC Market cap 2.6B (RMH) Enterprise value 2.7B OH Gathering and GP Holdings RMP GP Compression…
RMP: Core System and Execution Drives High Growth PA OH Significant RMP Adj. EBITDA Growth(1) (MM) WV Washington 193 Belmont Water 43 Greene Gathering & Legend Compression RICE Acreage RMP Gathering RMP Water…
First Quarter 2017 RMP Highlights Strong Gathering and Water Volumes 1,235 1Q17 throughput (MDth/d) Average throughput of 1,235 MDth/d, a 3% increase over 4Q16 Average compression volumes of 826 MDth/d, a 1% increase over…
Building Track Record of Strong Growth and Execution ADJUSTED EBITDA(1) (MM) THROUGHPUT (MDTH/D) WATER VOLUMES (MMGAL) 2017E 20% Annual Growth 193 2017E 40% Annual Growth 1,348 Estimating 1,375 MMGal in 2017 1,235 158 1,375 983…
Unparalleled Midstream Growth RICE has positioned itself as the premier Appalachian core dry gas midstream player 1Q 2017 throughput of 2,204 MDth/d through RMH and RMP midstream systems RMP System: 1,235 MDth/d (19% 3rd Party) RMH…
First Quarter 2017 RMP Financial Summary Solid first quarter results supported by strong gathering and water volumes FINANCIAL SUMMARY DISTRIBUTIONS First quarter gathering throughput of 1,235 MDth/d 19% attributable to 3rd party…
RMP Well Positioned for Continued Strong Growth Core Midstream Footprint and Prolific Organic Growth 218,000 acres dedicated from some of the most active operators in SW Appalachia Well positioned to deliver 2017 expected 20%…
RMP and RICE Market Snapshot Rice Midstream Partners LP Rice Energy Inc. (NYSE: RMP) (NYSE: RICE) (millions, except per unit data) (millions, except per share data) Common Units 73 Management Ownership 15% Subordinated Units 29…
Rice Energy Overview 14 www.ricemidstream.com
First Quarter 2017 RICE Highlights First Quarter Highlights 1,273 1Q17 production (MMcfe/d) 1Q17 production of 1,273 MMcfe/d, an 11% increase over 4Q16 Adjusted EBITDAX(1) of 244MM, a 21% increase over 4Q16 Pre-hedge…
First Quarter 2017 E&P and RMH Highlights E&P HIGHLIGHTS RMH HIGHLIGHTS Improved basis of (0.29)/MMBtu driven by lower in-basin Strong RMH gathering throughput of 969 MDth/d, a 7% differential of (0.49)/MMBtu increase over 4Q16 Added…
Appalachian Basis has Improved Dramatically Local M2 basis improved to (0.49) in 1Q17 vs. (1.06) in 2014 2016 2Q17 2019 strip basis improved 45% to (0.52) Apr. 17 from (0.94) Oct. 16 (Vantage acquisition) Expect 18 Bcf/d incremental…
Meaningful Takeaway Capacity Expected to Outpace Supply Growth Expect 18 Bcf/d incremental takeaway capacity in-service by 4Q19 to provide significant improvement in 2018+ local pricing 9 Bcf/d of expected takeaway received FERC…
2017 2019 D&C Capital and Production Outlook Targeting Appalachia net production CAGR(1) of 27% - 33% in 2017 2019 Targeting cash flow neutrality(2) in 2019, while maintaining E&P…
RMH: Core Utica Gathering Systems with High Growth 166,000 dedicated acres with 70% from high quality 3rd party customers PA ROM: 100% owned gathering and compression system in OH Central Belmont WV Belmont Dedication from RICE and…
Differentiated Midstream Value Proposition RICEs midstream has operational and financial advantages which creates significant shareholder value Greater than 3B of projected midstream value Operational Advantages Midstream control…
RICE First Quarter 2017 Financial Summary Solid first quarter results supported by well-capitalized balance sheet and ample liquidity QUARTERLY HIGHLIGHTS CAPITALIZATION Marcellus Utica Barnett Total Cash (in millions) Production mix…
2017 Detailed Guidance E&P Guidance RMH Guidance(1) Net Wells Spud Online Net Production (MMcfe/d) 2017 Capi tal Budget ( i n mi l l i ons) Operated Marcellus 75 55 Appalachia 1,205 - 1,265 Gas Gathering and Compression 315 Operated Ohio…
Additional Disclosures Determination of Identified Drilling Locations as of December 31, 2016: Net undeveloped locations are calculated by taking our total net acreage, subtracting producing acreage, and multiplying such amount by a…
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