Strong Asset Base Poised for Growth A Strong Footprint in And a Leading Position at Drive Targas Active Basins Mont Belvieu Long-Term Growth Premier Permian Basin footprint Premier fractionation ownership Well positioned to…
Impact to Operations Related to Hurricane Harvey Hurricane Harvey was an unprecedented and devastating natural disaster, significantly impacting our community and our employees Hurricane Harveys path was across Targas assets from…
Projects in Core Growth Areas A Delaware Basin C Oklahoma & SouthTX Processing capacity SouthTX Raptor Plant (200 additions underway MMcf/d) complete (+310 MMcf/d) 2 new plants 60 MMcf/d expansion Oahu Plant 4Q17 C underway (3Q17)…
Premier Permian Position Legend Active Rigs (7/20/17) 2 million dedicated Processing Plant acres from a diverse Processing Plant In Progress group of producers Crude Terminal Pipeline Pipeline In Progress (1) 2.5 Bcf/d(1) of total…
Strategic Update In the first half of 2017, Targa announced some key strategic developments that will be integral to Targas continued growth into the future: Acquisition of attractive Delaware and Midland Basin assets connected…
Targa is Positioned to Benefit from Key Domestic Themes Theme How Does Targa Benefit Higher natural gas inlet volumes Higher crude oil volumes Continued Strong Higher gross NGL production Outlook for Additional volumes available…
Targa Positioning Relative to Potential Industry Headwinds Possible Headwind Targa Mitigants The Permian Basin is the best-positioned, most resilient and economic basin in the U.S. Approximately 70% of Targas 2017 G&P capex from…
2017 Announced Net Growth Capex 2017 net growth capex now estimated at 1.4 billion, based on the announced projects outlined below 70% of total G&P capex focused in the Permian; 80% of total project capex focused in the Permian…
Capital Investments Underway Support Growth Outlook Increasing fee-based operating margin outlook underpinned by attractive organic growth projects underway and additional potential attractive growth capital investment opportunities…
Long Term Growth Supported by Grand Prix NGL Pipeline Grand Prix On May 25, 2017, Targa announced plans to construct a 300 MBbl/d NGL pipeline (expandable to 550 MBbl/d) from the Permian Basin, through North Texas to Mont Belvieu, TX…
Business Mix, Diversity and Fee-Based Margin Business Mix Segment Operating Margin(1) Downstream Operating Field G&P Operating Margin Margin 2017E(1) 2017E(1) 100% 100% 75% 75% 40% 50% 50% 60% 25% 25% 0% 0% (2) Badlands…
Long-Term Financial Outlook Attractive projects and system expansions underway drive increasing system volume outlook, translating into increasing EBITDA outlook Permian volume growth drives 85% of expected EBITDA growth over the…
Financial Position and Leverage Senior Note Maturities(1) Protecting the balance sheet and maintaining 1,600 balance sheet flexibility remain key objectives 73% of our senior notes mature in 2023 and beyond Senior Note…
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Targa Asset Position
Attractive Asset Footprint Targas assets are positioned in some of the best U.S. basins (Permian - Midland, Permian Delaware, STACK, SCOOP, Bakken and Eagle Ford) Integration of Gathering & Processing and Downstream assets…
Extensive Field Gathering and Processing Position Summary Footprint Over 26,000 miles of pipeline across attractive positions 4.7 Bcf/d of gross processing capacity(2)(3)(4) Acquired additional Delaware and Midland Basin assets on…
G&P Volume Drives NGL Flows to Mont Belvieu Growing field NGL production increases NGL flows to Targas Rockies expanding Mont Belvieu and Galena Park presence Grand Prix NGL Pipeline will bring NGLs from the Permian Basin and…
Permian Midland Summary (WestTX and SAOU systems) Summary Asset Map and Rig Activity(1) WestTX and SAOU systems located across the core Legend Active Rigs (7/20/17) of the Midland Basin Processing Plant Processing Plant In Operate…
Permian Delaware Summary (Versado and Sand Hills systems) Summary Asset Map and Rig Activity(1) Versado and Sand Hills capturing growing production Legend Active Rigs (7/20/17) from increasingly active Delaware Basin Processing…
Permian Acquisition Update Overall integration into Targas system proceeding well More rigs currently running on dedicated acreage than anticipated Fee-based margin contracts supported by approximately 13 year acreage dedications…
Strategic Position in the Core of the Williston Basin Summary Asset Map and Rig Activity(1) 410 miles of crude gathering pipelines; 200 miles of natural gas gathering pipelines 90 MMcf/d of total natural gas processing capacity…
Leading Oklahoma, North Texas and South Texas Positions Summary Footprint Four asset regions which include approximately 14,000 miles of pipeline Over 2.1 Bcf/d of gross processing capacity(2) 15 processing plants across the…
SouthTX & NorthTX Summary Asset Map and Rig Activity(1) - SouthTX Legend SouthTX consists of multi-county gathering system Pipeline with interconnected plants spanning the Eagle Ford Active Rigs (7/20/17) Growth driven by JV with…
SouthOK & WestOK Summary Asset Map and Rig Activity(1) - SouthOK SouthOK consists of 580 MMcf/d of gross processing capacity well positioned to benefit from increasing SCOOP activity Majority fee-based contracts Currently building…
Coastal Gulf Coast Footprint Summary Footprint Asset position represents a competitively advantaged straddle option on Gulf of Mexico activity over time LOU (Louisiana Operating Unit) 440 MMcf/d of gas processing (180 MMcf/d…
Downstream Segment
Downstream Capabilities Overview Downstream Businesses The Logistics and Marketing segment represents NGL Fractionation & Related Services approximately 40% of total operating margin(1) Strong fractionation position at Mont Belvieu…
Targas Grand Prix NGL Pipeline Project Strategic Rationale: Rockies Bolsters growing midstream G&P position in Delaware & Midland Basins 2.5 Bcf/d of total Targa processing capacity in Permian basin by 3Q18 Enhances Targas…
Targas LPG Export Business LPG Exports by Destination(1) Propane and Butane Exports(1) 15% 30% 50% 85% 20% Latin America/South America Caribbean Rest of the World Propane Butanes Galena Park LPG Export Volumes Fee based…
Non-GAAP Reconciliations 2014 to 2016 Adjusted EBITDA Year Ended December 31, Reconciliation of net income (loss) attributable to TRC to Adjusted 2016 2015 2014 EBITDA (in millions) Net income (loss) to Targa Resources Corp.…
Non-GAAP Reconciliations Forecasted 2017, 2019 and 2021 Adjusted EBITDA The following table presents a reconciliation of Adjusted EBITDA for the periods shown for TRC: Year Ended December 31, Reconciliation of net income (loss)…
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