AMERICAN MIDSTREAM PARTNERS MLPA CONFERENCE MAY 31 JUNE 2, 2017 ORLANDO, FLORIDA 1
AMERICAN MIDSTREAM OVERVIEW American Midstream Partners, LP Strategic Objectives ( millions except unit) Enterprise Value 2,024 Create financial and operational focus in Distribution Coverage 1.1x key basins Equity Yield 12.3% 8.5%…
STRATEGICALLY LOCATED ASSETS Strong asset footprint in leading basins: Permian, Eagle, Ford, Bakken, East Texas and Gulf Coast 4
AMID AND JPEP PARTNERSHIP OVERVIEW Diversification and integration midstream value chain maximizes molecular control Deep-water and shallow-water Gulf of Mexico and Gulf Coast Offshore natural gas, crude oil, NGL and saltwater…
PILLARS TO GREATER VALUE 1 Increase Operating Scale: Acquire or build assets that support scale in Permian, East Texas and Gulf of Mexico Create operational density to lower costs and grow EBITDA 2 Create Organic Growth Potential:…
TRACK RECORD OF TACTICAL GROWTH AT ATTRACTIVE MULTIPLES Delta House JP Energy High Point System MPOG Delta House Acquisition of 66.7% Drop-down of Merger completed Drop-down of High Drop-down of 12.9% interest in offshore…
STRATEGIC ASSET PORTFOLIO 8
AMIDS INTEGRATED GULF OF MEXICO PLATFORM Integrated midstream platform focused on the Deepwater Gulf of Mexico (Mississippi Canyon, Viosca Knoll and Main Pass) Ability to interconnect with various AMID systems located in the shallow…
GULF OF MEXICO DEVELOPMENT ACTIVITY In January 2017, Gulf of Mexico crude oil production increased for the fourth consecutive month, reaching a record 1.7MM Bpd The Mississippi Canyon area accounted for 35% of the production at 600,000…
DELTA HOUSE OVERVIEW Fee-based, semi-submersible floating production system and associated oil and gas export pipelines located in the highly prolific Mississippi Canyon region (MC254) of the deepwater Gulf of Mexico Operated by…
INTEGRATED DEEPWATER GULF OF MEXICO PLATFORM Deepwater Systems AMID Receipt Points Development Activity Asset Ownership Asset Type Mileage Capacity Destin Pipeline Recently Completed Delta House 20.1% FPS NA 100 MBbl/d / 240 MMcf/d…
ONSHORE G&P OVERVIEW Business Overview Assets located in some of the most prolific producing basins including the Permian, Cotton Valley / Haynesville, Eagle Ford and Bakken Over 1,565 miles of high- and low-pressure natural gas and…
RESURGENCE OF RIG ACTIVITY THROUGHOUT AMIDS FOOTPRINT Eagle Ford Rig count has increased over 160% in all three of AMIDs key operating basins in the previous twelve months Continuing to see substantial improvement in well…
RESURGENCE OF DRILLING ON EAGLE FORD SYSTEM Penn Virginia currently running two rigs Over 525 drilling locations identified: 360 in Area 1 and 165 in Area 2 10 year drilling inventory with current program New completion designs…
PERMIAN DEVELOPMENT ON AMIDS SYSTEM CONTINUING TO EXPAND THOMPSON, J. CLEO Yellow Rose System: ) AJAX RESOURCES ) ) ROFF OPERATING COMPANY LLC QEP Resources targeting DIAMONDBACK E&P LLC QEP ENERGY COMPANY ) ) P growth in…
TRANSMISSION OVERVIEW Business Overview Transmission assets supply natural gas to industrial end- users, local distribution companies, municipalities, power plants and other interstate pipelines throughout Alabama, Louisiana,…
TERMINALS ASSET OVERVIEW Business Overview Strategically located storage terminals in key demand markets, primarily serving local refiners and chemical manufacturers 6.7 MMBbls of above-ground liquids storage capacity across 6…
HARVEY ORGANIC GROWTH PROJECT Harvey Terminal Summary Currently 1.1 MMBbls of storage capacity, with a utilization rate of greater than 98% Steady demand for storage capacity in the Port of New Orleans Well-positioned on the…
FINANCIAL STRENGTH 20
CONSERVATIVE FINANCIAL PROFILE (IN MILLIONS, EXCEPT DISTRIBUTION FIGURES) Adjusted EBITDA 1 Target long-term leverage of 3.5x and liquidity of 250+ million 205 Potential non-core asset sales further enhance liquidity Target…
AMERICAN MIDSTREAM ASSET APPENDIX 22
OFFSHORE PIPELINE SERVICES High Point Quivira/Burns Point Destin & Okeanos Delta House Main Pass Oil American Panther Product Gas Gas Gas Oil & Gas Oil Oil & Gas Quivira 100% Destin 49.7% Ownership 100% 20% 67% 60% Burns Point 50%…
GATHERING AND PROCESSING ASSETS Eagle Ford East Texas Bakken Permian Gulf Coast Product Gas Gas, NGLs, Condensate Oil Gas, NGLs, Condensate Gas, NGLs, Condensate 70 MMcf/d gas processing, 40 MMcf/d gas processing, 25 MMcf/d gas…
TERMINALS ASSET OVERVIEW AMID Quarterly Terminal Utilization JPEP Quarterly Terminal Storage Throughput Harvey Westwego Brunswick Caddo Mills North Little Rock Cushing Harvey, LA Westwgo, LA Brunswick, GA Caddo Mills, TX…
NATURAL GAS TRANSPORTATION & ORGANIC GROWTH PROJECTS High Point Midla/MLGT AlaTenn/Bamagas/Trigas Magnolia Onshore and Offshore Southeast Location Louisiana and Mississippi North Alabama South Alabama Louisiana Product Natural Gas…
GULF OF MEXICO JOINT VENTURES AND INVESTMENTS Interest Pipeline Design System Product Interest Overview Held (miles) Capacity Delta Delta House 20.1% - - - House Floating production system located in the Mississippi Canyon region…
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