The DCP Enterprise Enterprise Enterprise value of value of 49B(1) 50% 50% 44B(1) (NYSE:PSX) (NYSE:SE) 21.4% LP/GP Interest Public Unitholders 78.6% Common Enterprise LP Interest value of (NYSE:DPM) 6B(1) DCP…
DCP Enterprise: Industry-Leading Position 6.8 Natural Gas gathered/ 399 NGL Production transported (Tbtu/d)(1) (MBbl/d)(1) Antrim DJ Basin Marcellus Wattenberg Conway Front Range Front Range Midcontinent 64,500 miles…
DCP Enterprise: DPM and DCP Midstream are Aligned Delivering Strategy Driving growth sustainable Aligned at DPM distributions DCP 2020 Dropdowns 3.4B 1,150 DPM annual distribution paid per unit Organic growth 1.8B 1,040 3.12…
DCP Enterprise: Well Positioned in the Midstream Space DJ Basin/North DJ Basin Life of Lease Top producers: Top producers: Newfield Noble Energy Midcontinent ConocoPhillips PDC Energy Apache Anadarko Devon Extraction 2016e…
DCP Enterprise: Premier Footprint of MLP Friendly Assets DCP Midstream, LLC DCP Midstream Partners (DPM) 8.4 billion of assets as of 6/30/16 5.3 billion of assets as of 6/30/16 1/3rd interest in Sand Hills & Southern Hills Strong…
DCP Enterprise: Liquidity and Financial Position DCP Midstream, LLC DCP Midstream Partners (DPM) Ample liquidity Ample liquidity 700 million credit facility matures May 2019 1.25 Billion credit facility matures May 2019 Next bond…
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…
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…
Supplemental information appendix
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…
DCP Midstream Partners: Business Segments Wholesale Propane Natural Gas Services(1) NGL Logistics(1) Logistics(1) 21 Plants, 5 Fractionators 4 Fractionators Owned Terminals: 9,710 miles of pipelines 4,350 miles of NGL pipelines 6…
DCP Midstream Partners: Quality Customers and Producers Exposure by Customers Credit profile (1) Credit Rating 15% 60% AAA / AA / A 85% 40% BBB+ / BBB / BBB- I/G, I/G equivalent or secured by collateral Non-I/G unsecured…
DCP Midstream Partners: Credit Metrics and Liquidity Strong Credit Metrics 6/30/16 Capitalization & Liquidity Credit Facility Leverage Ratio(1) 1.25 billion credit facility 3.4x (max 5.0x) 933 million available at 6/30/16…
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…
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