2017 MLPA Investor Conference May 31 June 2, 2017 www.nblmidstream.com
Noble Midstream Partners LP Overview Partnership Overview Premier E&P Sponsorship Noble Midstream Partners LP (NBLX) is a midstream MLP formed by sponsor, Noble Energy, Inc. (NBL), to support the development of its leading liquids…
Consistently Enhancing Top-Tier Growth Outlook 2017 2020 DPU Growth Objective (Sep. 2016) 20% Extends 20% Enhancements Since IPO: Growth Horizon Fresh Water Delivery Per Well Demand Nearly Triples Sep. 16 Accelerating activity +…
Increasing 2Q 2017 Volume Guidance Enhanced Completion Performance Driving Record Throughput 3 consecutive months with record throughput (March, April, May 2017) Significant Growth Through Existing Infrastructure 2Q oil and gas…
Gathering Increasing Share of NBL DJ Horizontal Volumes NBLX Gathered Volumes and NBL DJ Basin Gross Horizontal Production Gross Volumes NBLX Gathered 4Q 4Q 4Q 4Q 1Q 2Q (MBoe/d) Volumes as % of 13 14 15 16 17 17 (E) 125 Est. NBL…
Midstream Services Portfolio DJ Basin Delaware Basin Blanco River 25% Interest Advantage Pipeline NBL Acreage 3rd Party Acreage NBL ROFR Acreage Trinity River Existing NBLX Pipelines 100% Interest Planned NBLX…
Significant Activity and Scale Added in Delaware Basin Clayton Williams Acreage Dedication Anticipated NBL Rigs on NBLX Delaware Basin NBL dedicated acquired acreage in Reeves County, Dedicated Acreage 10 Texas (64k net) for crude…
2017 Growth Projects Update Net Capital (attributable to the Partnership) Delaware Basin Gathering Infrastructure Colorado Commissioning activities on 1st Central Gathering Facility expected to begin in June Trinity River River…
Advantage Pipeline Strategically Located Southern Delaware Oil Takeaway Pipeline with Premier Joint Venture Partner Joint Venture Structure System Map 100% 100% Trinity River Plains Pipeline, DevCo LLC L.P. 50% 50%…
DJ Basin Growth Projects Laramie River DevCo (NBLX Interest 100%) Phased Infrastructure build out for SRC Energy 35 mile transmission line with optionality to Grand Mesa and White Cliffs 60 MBbl/d spec oil capacity w/…
Fresh Water Adding to Strong Coverage High Intensity Completions Contributing to Robust Coverage 1Q 2017 NBLX Net EBITDA and Distribution Coverage (1,2) 1.8x Distribution Coverage1 of 1Q Distribution 40.0 Gathering segments…
2020 Outlook Substantial organic growth with large existing drop-down inventory 2017 2020 Organic No Drop Downs CAGR 20% DPU Organic Net EBITDA 20% Growth while Building Distributable Cash Flow 20% Coverage Distribution per…
Investment Thesis Large-Cap, investment grade E&P sponsor Strong Sponsor Strategic midstream vehicle for NBL Commitment Incentivized to support NBLX through significant post-IPO ownership (including the General Partner and…
Appendix www.nblmidstream.com 15
EBITDA Reconciliation Non-GAAP Financial Measures This presentation includes EBITDA, Distributable Cash Flow, and Distribution Coverage, all of which are non-GAAP measures that management believes are good tools for internal use and…
NBLX Structure www.nblmidstream.com 17
Contact Information Chris Hickman 1001 Noble Energy Way VP, Investor Relations Houston, TX 77070 chris.hickmannblmidstream.com 281.943.1622 www.nblmidstream.com www.nblmidstream.com
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