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Citi One on One MLP and Midstream Infrastructure Conference – Energy Transfer

Energy Transfer · Aug 16, 2017 · 33 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. Citi One on One MLP and Midstream Infrastructure Conference – Energy Transfer – slide 1
    ENERGY TRANSFER Citi One-on-One MLP Conference August 16th -17th , 2017
  2. Citi One on One MLP and Midstream Infrastructure Conference – Energy Transfer – slide 2
    RECENT HIGHLIGHTS
  3. Citi One on One MLP and Midstream Infrastructure Conference – Energy Transfer – slide 3
    RECENT HIGHLIGHTS In April 2017, ETP and SXL merged in a unit-for-unit transaction, with the combined company called Energy Transfer Partners ETP/SXL Merger This combination expanded ETPs strategic footprint, adding scale and scope,…
  4. Citi One on One MLP and Midstream Infrastructure Conference – Energy Transfer – slide 4
    ADDITIONAL HIGHLIGHTS Adjusted EBITDA (consolidated): 1.6 billion Distributable Cash Flow attributable to the partners of ETP: 990 million Q2 2017 Earnings Distribution per ETP common unit paid August 14, 2017: 0.55 (2.20 per ETP…
  5. Citi One on One MLP and Midstream Infrastructure Conference – Energy Transfer – slide 5
    ENERGY TRANSFER FAMILY ORGANIZATIONAL STRUCTURE ENERGY TRANSFER EQUITY, L.P. 100% 2.3% LP Interest 2.5% LP Interest 100% GP / IDRs Interest, 100% GP / IDRs 43.7% LP Interest SUNOCO LP ENERGY TRANSFER PARTNERS, L.P. (1)…
  6. Citi One on One MLP and Midstream Infrastructure Conference – Energy Transfer – slide 6
    SIGNIFICANT GEOGRAPHIC FOOTPRINT ACROSS THE FAMILY Retail Locations (1) Includes Distributers, Dealers, and Co-ops Hawaii Recently In-service & Asset Overview Announced Growth Projects Midland (1) Represents…
  7. Citi One on One MLP and Midstream Infrastructure Conference – Energy Transfer – slide 7
    A TRULY UNIQUE FRANCHISE Natural NGLs Crude Gas Oil Gather 11 million Fractionate One of the largest Transport 15 Transport 3.5 More than 7.8 billion mmbtu/d of gas & 430,000 bbls/d of planned LNG million mmbtu/d of million…
  8. Citi One on One MLP and Midstream Infrastructure Conference – Energy Transfer – slide 8
    FULLY INTEGRATED PLATFORM SPANNING THE ENTIRE MIDSTREAM VALUE CHAIN Involvement in Major Midstream Themes Across the Best Basins and Logistics Hubs Franchise Strengths Opportunities Access to multiple shale plays, storage…
  9. Citi One on One MLP and Midstream Infrastructure Conference – Energy Transfer – slide 9
    FULLY INTEGRATED MIDSTREAM/LIQUIDS PLATFORM ACROSS NORTH AMERICA The ability to integrate a producer liquids end-to-end solution will better serve customers and alleviate bottlenecks currently faced by producers Marcus Hook: The…
  10. Citi One on One MLP and Midstream Infrastructure Conference – Energy Transfer – slide 10
    PRIMARILY FEE-BASED BUSINESS MIX Stability of Cash Flows Q2 2017 Segment Margin by Segment Midstream: Approximately 80% fee-based margins, with some percent-of-proceeds contracts All Other NGL & Refined Products: Transportation…
  11. Citi One on One MLP and Midstream Infrastructure Conference – Energy Transfer – slide 11
    ORGANIC GROWTH ENHANCES THE COMBINED ENTITYS STRONG FOOTHOLD IN THE MOST PROLIFIC PRODUCING BASINS 2017 Bakken Crude Pipeline (1) 2013 Mariner West 2014 Mariner East 1 - Propane Active in 9 of the top 10 basins by active 2015…
  12. Citi One on One MLP and Midstream Infrastructure Conference – Energy Transfer – slide 12
    CRUDE OIL SEGMENT Crude Oil Pipelines Crude Oil Acquisition & Marketing 6,500 miles of crude oil trunk and gathering lines located in the Southwest and Crude truck fleet of approximately 370 trucks Midwest United States Purchase…
  13. Citi One on One MLP and Midstream Infrastructure Conference – Energy Transfer – slide 13
    CRUDE OIL SEGMENT-BAKKEN PIPELINE PROJECT Project Details 1,172 miles of new Dakota Access Pipeline connects Bakken 30 production to Patoka Hub, IL, with interconnection to Energy Transfer Crude Oil Pipeline (Trunkline…
  14. Citi One on One MLP and Midstream Infrastructure Conference – Energy Transfer – slide 14
    CRUDE OIL SEGMENT - PERMIAN EXPRESS PARTNERS Permian Express Partners Joint Venture Details Strategic joint venture with ExxonMobil (ETP owns 88% and is the operator) Combines key crude oil pipeline network of both companies and…
  15. Citi One on One MLP and Midstream Infrastructure Conference – Energy Transfer – slide 15
    CRUDE OIL SEGMENT-PERMIAN EXPRESS 3 PROJECT Permian Express Project Details Expected to provide Midland & Delaware Basin producers new crude oil takeaway capacity (utilizing existing pipelines) from this rapidly growing area to…
  16. Citi One on One MLP and Midstream Infrastructure Conference – Energy Transfer – slide 16
    CRUDE OIL SEGMENT-BAYOU BRIDGE PIPELINE PROJECT Project Details Bayou Bridge Pipeline Map Joint venture between Phillips 66 Partners (40%) and ETP (60%, operator) 30 Nederland to Lake Charles segment went into service in April…
  17. Citi One on One MLP and Midstream Infrastructure Conference – Energy Transfer – slide 17
    NGL & REFINED PRODUCTS SEGMENT NGL Storage Fractionation NGL Pipeline Transportation TET Mont Belvieu Storage Hub 50 million 4 Mont Belvieu fractionators (420+ Mbpd) 4,180 miles of NGL Pipelines throughout Texas and barrels NGL…
  18. Citi One on One MLP and Midstream Infrastructure Conference – Energy Transfer – slide 18
    MARINER EAST SYSTEM A comprehensive Marcellus Shale solution Will transport Natural Gas Liquids from OH / Western PA to the Marcus Hook Industrial Complex on the East Coast Supported by long-term, fee-based contracts Mariner East 1:…
  19. Citi One on One MLP and Midstream Infrastructure Conference – Energy Transfer – slide 19
    MIDSTREAM ASSETS Midstream Asset Map Midstream Highlights Volume growth in key regions: Q2 2017 gathered volumes averaged 11 million mmbtu/d, and NGLs produced were 474,000 bbls/d, both up over Q2 2016 Utica Ohio River volumes…
  20. Citi One on One MLP and Midstream Infrastructure Conference – Energy Transfer – slide 20
    PERMIAN BASIN INFRASTRUCTURE BUILDOUT Continued producer demand and strong growth outlook in the Permian continues to necessitate infrastructure buildout Brought 600 mmcf/d of processing capacity online in 2016 and 2017. Expect to…
  21. Citi One on One MLP and Midstream Infrastructure Conference – Energy Transfer – slide 21
    REVOLUTION SYSTEM PROJECT Project Details Revolution Project Map System is located in Pennsylvanias Marcellus/Upper Devonian Shale rich-gas area Rich-gas, complete solution system Currently 20 miles of 16 in-service Build out…
  22. Citi One on One MLP and Midstream Infrastructure Conference – Energy Transfer – slide 22
    INTERSTATE PIPELINE ASSETS Interstate Asset Map Interstate Highlights Our interstate pipelines provide: Stability Approximately 95% of revenue is derived from fixed reservation fees Diversity Rover Access to multiple shale…
  23. Citi One on One MLP and Midstream Infrastructure Conference – Energy Transfer – slide 23
    MARCELLUS/UTICA ROVER PIPELINE Project Details Rover Project Map Sourcing natural gas from the Marcellus and Utica shales Connectivity to numerous markets in the U.S. and Canada Midwest: Panhandle Eastern and ANR Pipeline near…
  24. Citi One on One MLP and Midstream Infrastructure Conference – Energy Transfer – slide 24
    INTRASTATE PIPELINE ASSETS Intrastate Asset Map Intrastate Highlights Continue to expect volumes to Mexico to grow, particularly with the startup of Trans-Pecos and Comanche Trail in the Q1 2017, which should result in increased…
  25. Citi One on One MLP and Midstream Infrastructure Conference – Energy Transfer – slide 25
    MEXICO (CFE) PROJECTS Waha Header System 6 Bcf/d Header System Will connect to: Trans-Pecos & Comanche Trail Pipelines ETPs vast interstate and Comanche Trail Pipeline intrastate pipeline network Multiple 3rd party pipelines…
  26. Citi One on One MLP and Midstream Infrastructure Conference – Energy Transfer – slide 26
    FORESEE SIGNIFICANT EBITDA GROWTH IN 2017 AND 2018 FROM COMPLETION OF PROJECT BACKLOG Project Description Project Timing In Service Panther Processing Plant 200 MMcf/d cryogenic processing plant in Midland Basin Jan. 2017…
  27. Citi One on One MLP and Midstream Infrastructure Conference – Energy Transfer – slide 27
    2017 CAPEX & FUNDING STRATEGY For full-year 2017, expect to spend approximately 3.9 billion on capital expenditure funding, net of 1 billion financed at the asset level, and net of an approximate 1.4 billion reduction related to the…
  28. Citi One on One MLP and Midstream Infrastructure Conference – Energy Transfer – slide 28
    ETP KEY TAKEAWAYS Our diversified business model, together with the geographical diversity of our assets, continues Business Diversity to allow our businesses to demonstrate resiliency. The underlying fundamentals of our business are…
  29. Citi One on One MLP and Midstream Infrastructure Conference – Energy Transfer – slide 29
    APPENDIX
  30. Citi One on One MLP and Midstream Infrastructure Conference – Energy Transfer – slide 30
    EXISTING IDR SUBSIDIES (in thousands) Total IDR Reduction March 31, 2017 157,000 June 30, 2017 162,000 September 30, 2017 163,250 December 31, 2017 173,250 2017 655,500 2018 153,000 2019 128,000 Total Through 2019…
  31. Citi One on One MLP and Midstream Infrastructure Conference – Energy Transfer – slide 31
    POST-MERGER SEGMENTS ETP Segments Segments SXL Segments Pre-Merger Post-Merger Pre-Merger Intrastate Transportation Intrastate Transportation and Storage and Storage Interstate Transportation Interstate Transportation and…
  32. Citi One on One MLP and Midstream Infrastructure Conference – Energy Transfer – slide 32
    NON-GAAP FINANCIAL MEASURES 33
  33. Citi One on One MLP and Midstream Infrastructure Conference – Energy Transfer – slide 33
    NON-GAAP FINANCIAL MEASURES In the following analysis of segment operating results, a measure of segment margin is reported for segments with sales revenues. Segment Margin is a non -GAAP financial measure and is presented herein to…

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