Diversified Portfolio of Assets in Premier Basins One of the largest U.S. NGL producers and gas processors Leading Integrated Midstream Provider 61 (1) 7.8 Must-run business with high plants Bcf/d processing capacity(1) quality…
Commitments Delivered through DCP 2020 Execution Contract Lowered Realignment 2015 Forward Cost Base Increased and stabilizing cash flow Contract realignment 235 million since inception System Growth in fee based assets to…
Growth Focus Clear line of sight to 1.5-2B of Est Target Current and Potential Capex in strategic growth projects Growth Projects Status MM net to DCPs interest Service around our footprint Logistics & Marketing Growth Sand Hills…
Strategically High-Grading Portfolio Redeploying Douglas Kicking Off Strategic Proceeds to Organic Growth Sand Hills Expansion Pipeline Announced Douglas sale of 1,500 mile Undertaking large scale expansion of WY gathering system…
Logistics & Marketing: Sand Hills Expansion Current Sand Hills Phased Sand Hills Expansion in Progress Expansion 365 MBpd by Q4 2017 Phase I: 450 MBpd by 2H 2018 New supply connectors throughout 2017 Phase II: 550+ MBpd timing TBD…
Financial Information 8
This image cannot currently be displayed. DCP 2017e Guidance ( in Millions, except per unit amounts) 2017e DCP Key Metrics Guidance 2017 Year of Industry Transition Strong line of sight to growth opportunities (1) 2017…
2017e Adjusted EBITDA Breakdown 2017e Adjusted EBITDA by Region (Standalone and Combined) Contributed to DCPs 1,025MM(1) portfolio One third interest in Sand Hills & 40% Southern Hills Midcontinent, including 575MM(1)…
This image cannot currently be displayed. Hedging, Financing and Liquidity Opportunistically Adding Hedges Ample Liquidity & Flexibility Targeting 80%+ fee and hedged margin by 2018 March 31, 2017 Leverage ratio(1) is 4.6x on…
Q1 2017 Margin by Segment MARGIN/EQUITY EARNINGS BY SEGMENT ** 2017e Hedged Commodity Sensitivities MM, except per unit measures Q1 2017 Q1 2016 Per 2017 Gathering & Processing (G&P) Segment Commodity Price range unit (MM) Natural…
Financial Strategy 2018+ Financial Targets Distribution Fee and coverage hedged 1.2x+ margin 80%+ Accretive Bank growth leverage projects 3.0-4.0x 5-7x EBITDA Capital Distribution structure growth target debt/equity…
Value Proposition Proven track record of delivering on commitments sets foundation for continued disciplined growth and strong strategy execution One of the largest Executing Integrated asset One of the largest natural gas high…
Appendix: DCP Midstream 15
This image cannot currently be displayed. Ownership Structure (NYSE:PSX) (NYSE:ENB) 54 billion 126 billion Private HoldCo enterprise enterprise value(1) DCP Midstream, LLC value(1) 50% (owner of GP) 50% 36.1% Common LP…
This image cannot currently be displayed. Reducing Commodity Exposure: Recently added 2017 and 2018 hedges Targeting 80%+ fee & hedged margin by 2018 to protect downside while retaining upside in a rising commodity price…
Growth Opportunities and Operating Leverage Visibility to 1.5-2.0B capital efficient growth opportunities DJ Basin NGL Logistics 395 million plant and gathering system Sand Hills expanding due to Permian expansion (Q4 2018) growth…
NGL Pipeline Customers Customer centric NGL pipeline takeaway providing open access to premier demand markets along the Gulf Coast and at Mont Belvieu Legend: Southern Hills DCP operated Connects to 2.6 Bcf/d Third party operated…
Ethane Recovery Opportunity DCP is well positioned for upside from ethane DCP plants rejecting 60,000 65,000 bpd recovery NGL pipelines poised for 75-100 million Bakken NE / Other volume/margin uplift(1) 50MBPD 275MBPD About half…
Appendix: Gathering & Processing Segment 23
G&P: North Region Overview Gas & DJ Basin Assets North Plant Listing Net NGL Processing Gathering Location Ownership Capacity Systems Sub-Region (County) Plant Name % (MMcf/d) (Miles) DJ Basin Weld, CO Lucerne 1 100% 35 DJ Basin…
G&P: Permian Region Overview Net Permian Assets Permian Plant Listing Processing Gas & NGL Gathering Ownership Capacity Systems Sub-Region County Name % (MMcf/d) (Miles) Central Andrews Fullerton 100% 70 Central Ector Goldsmith…
G&P: Midcontinent Region Overview Net Gas & NGL Midcontinent Assets Midcontinent Plant Listing Processing Gathering Ownership Capacity Systems Sub-Region County Name % (MMcf/d) (Miles) Southern OK Grady Chitwood 100% 90 Southern OK…
G&P: South Overview South Assets South Plant Listing Net Gas & NGL Processing Gathering Ownership Capacity Systems Sub-Region County Name % (MMcf/d) (Miles) Eagle Ford Jackson Eagle 100% 200 Eagle Ford Fayette Giddings 100% 85…
Strong Producer Customers in Key Basins DJ Basin (North) Midcontinent Permian South DCPs volume and margin portfolio is supported by long term agreements with a diverse number of high quality producers in key producing…
2017e DCP Guidance Non GAAP Reconciliation Twelve Months Ended December 31, 2017 Low High ( in millions) Forecast Forecast Reconciliation of Non-GAAP Measures: Forecasted net income attributable to partners 165 324 Distributions…
Loading...
