Skip to main content JP Morgan Inaugural Energy Equity Investor Conference – DCP Midstream LP Investor Presentation | Shale Experts
Loading...
Database
Slide Database

JP Morgan Inaugural Energy Equity Investor Conference – DCP Midstream LP

DCP Midstream LP · Jun 28, 2016 · 18 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. JP Morgan Inaugural Energy Equity Investor Conference – DCP Midstream LP – slide 1
    Investor Presentation June 2016
  2. JP Morgan Inaugural Energy Equity Investor Conference – DCP Midstream LP – slide 2
    The DCP Enterprise Enterprise Enterprise value of value of 53B(1) 50% 50% 39B(1) 21.4% LP/GP Interest Public Unitholders 78.6% Common Enterprise LP Interest value of (NYSE:DPM) 6B(1) DCP Midstream, LLC DCP Midstream…
  3. JP Morgan Inaugural Energy Equity Investor Conference – DCP Midstream LP – slide 3
    DCP Enterprise: Industry-Leading Position 6.9 Natural Gas gathered/ 382 NGL Production transported (Tbtu/d)(1) (MBbl/d)(1) Antrim DJ Basin Marcellus Wattenberg Conway Front Range Range Front Midcontinent 66,200 miles…
  4. JP Morgan Inaugural Energy Equity Investor Conference – DCP Midstream LP – slide 4
    DCP Enterprise: Premier Footprint DCP Midstream, LLC DCP Midstream Partners (DPM) 8 billion of assets 5 billion of assets 1/3rd interest in Sand Hills & Southern Hills Strong fee-based asset portfolio Converting assets to fee-based…
  5. JP Morgan Inaugural Energy Equity Investor Conference – DCP Midstream LP – slide 5
    DCP Enterprise: DPM and DCP Midstream are Aligned Delivering Strategy Drives strong sustainable Aligned growth at DPM distributions DCP 2020 Dropdowns 3.4B 1,150 DPM annual distribution paid per unit Organic growth 1.8B 1,040…
  6. JP Morgan Inaugural Energy Equity Investor Conference – DCP Midstream LP – slide 6
    DCP Enterprise: DCP 2020 Strategy Execution Pre-2015 2016e 2016+ 0.60/gal 0.35/gal 0.30/gal Breakeven NGL price Breakeven NGL price Breakeven NGL price 200MM Low cost service 600/20% Annualized Base Cost Head Count Reductions…
  7. JP Morgan Inaugural Energy Equity Investor Conference – DCP Midstream LP – slide 7
    DCP Enterprise: Key Basin Customer & Contract Profiles DJ Basin/North DJ Basin Life of Lease Top producers: Top producers: Midcontinent Newfield Noble Energy ConocoPhillips PDC Energy Apache Anadarko Devon Extraction 2016e…
  8. JP Morgan Inaugural Energy Equity Investor Conference – DCP Midstream LP – slide 8
    DCP Enterprise Liquidity and Financial Position DCP Midstream Partners (DPM) DCP Midstream, LLC Ample liquidity Ample liquidity 1.25 Billion credit facility matures May 2019 New 700 million credit facility matures May 2019 Next bond…
  9. JP Morgan Inaugural Energy Equity Investor Conference – DCP Midstream LP – slide 9
    DCP Enterprise: 2017-2018 Ethane Recovery Opportunity Over 650,000 barrels per day (bpd) of ethane DCP enterprise rejecting 60,000 65,000 bpd being rejected in the lower 48 - 350,000 bpd rejected around DCPs footprint Bakken 50MBPD…
  10. JP Morgan Inaugural Energy Equity Investor Conference – DCP Midstream LP – slide 10
    DCP Enterprise: Pivoting for Recovery DCP Enterprise Pivoting For Recovery Improved reliability and asset utilization Contract realignment Secured DCP Midstream three year Resetting cost base 700 million Credit Facility total…
  11. JP Morgan Inaugural Energy Equity Investor Conference – DCP Midstream LP – slide 11
    DCP Midstream Enterprise provides a Compelling Investment Opportunity in DPM A strong DCP Midstream equals a strong DPM Premier footprint Track record of Strong delivering sponsorship sustainable value Growing fee- Strong…
  12. JP Morgan Inaugural Energy Equity Investor Conference – DCP Midstream LP – slide 12
    Supplemental information appendix
  13. JP Morgan Inaugural Energy Equity Investor Conference – DCP Midstream LP – slide 13
    DCP Midstream Partners: Business Segments Wholesale Propane Natural Gas Services(1) NGL Logistics(1) Logistics(1) 23 Plants, 5 Fractionators 4 Fractionators Owned Terminals: 11,160 miles of pipelines 4,360 miles of NGL pipelines…
  14. JP Morgan Inaugural Energy Equity Investor Conference – DCP Midstream LP – slide 14
    DCP Enterprise: Gathering & Processing Assets DCP & DPM in the DJ Basin DCP in the Permian DCP in the Midcontinent 9 Gas Processing Plants, 2 Fractionators 16 Gas Processing Plants, 2 fractionators 12 Gas Processing Plants 3,500…
  15. JP Morgan Inaugural Energy Equity Investor Conference – DCP Midstream LP – slide 15
    DCP Midstream Partners: 2016 Outlook DCP Midstream Partners 2016 Target Capital Outlook (MM) 2016 Target(1) DPM Adjusted EBITDA (MM) 565-595 DPM Growth CapEx 75-150 DPM DCF (MM) 465-495 DPM Maintenance CapEx 30-45 Annual Distribution…
  16. JP Morgan Inaugural Energy Equity Investor Conference – DCP Midstream LP – slide 16
    DCP Midstream Partners: Credit Metrics and Liquidity Strong Credit Metrics 3/31/16 Capitalization & Liquidity Credit Facility Leverage Ratio(1) 1.25 billion credit facility 3.2x (max 5.0x) 922 million available at 3/31/16 Distribution…
  17. JP Morgan Inaugural Energy Equity Investor Conference – DCP Midstream LP – slide 17
    DCP Midstream Partners: Quality Customers and Producers Exposure by Customers Credit profile (1) Credit Rating 13% 60% AAA / AA / A 87% 40% BBB+ / BBB / BBB- I/G, I/G equivalent or secured by collateral Non-I/G unsecured…
  18. JP Morgan Inaugural Energy Equity Investor Conference – DCP Midstream LP – slide 18
    DCP Midstream Partners: Hedge Position and Commodity Sensitivities 2016e DPM Hedged Commodity Sensitivities Commodity Q2-Q4 Full Year Price Price 2016 2016 Assumption Change (MM) (MM) NGLs (/Gal) 0.42 +/- 0.01 1 1 Natural Gas…

From the store

Browse maps, data & reports in the Shale Experts store