2017 Citi One-on-One MLP / Midstream Infrastructure Conference August 16 17, 2017 Las Vegas, Nevada
AMERICAN MIDSTREAM OVERVIEW American Midstream Partners, LP Asset Overview ( millions except unit) Enterprise Value 2,102 Owns or has an ownership interest in approximately 4,000 miles of interstate and Distribution Coverage 1.0x…
RECENT ANNOUNCEMENTS Capital Redeployment Process Announced sale of Propane Marketing and Services business to SHV Energy N.V. for 170 million in cash; expected closing in the third quarter of 2017 Entered into a joint venture…
CORPORATE STRATEGY Creating a diversified and integrated midstream value chain Core Operating Areas: Permian, East Texas, Southeast and Gulf of Mexico Multi-Basin Portfolio of Acquire or build assets that support scale in core areas…
STRATEGICALLY LOCATED ASSETS Strong asset footprint in leading basins: Permian, Eagle Ford, Bakken, East Texas and Gulf Coast 6
AMID AND JPEP PARTNERSHIP OVERVIEW Diversified and integrated midstream value chain maximization Deep-water and shallow-water Gulf of Mexico and Gulf Coast Offshore natural gas, crude oil, NGL and saltwater pipelines Pipelines and 2017…
TRACK RECORD OF TACTICAL GROWTH AT ATTRACTIVE MULTIPLES Delta House JP Energy High Point System MPOG Delta House Acquisition of Drop-down of Merger completed Drop-down of High Drop-down of 66.7% interest in incremental 1% creating…
9 STRATEGIC ASSET PORTFOLIO
EASTERN GULF OF MEXICO MIDSTREAM PLATFORM AMIDs integrated offshore midstream platform provides Deepwater producers flow assurance and onshore market optionality Assets cover over 10,0000 square miles Ability to interconnect with…
DEEPWATER PRODUCER ACTIVITY Deepwater Activity on AMID Assets Development Operator Start Date Thunder Horse South BP 2016 Odd Job LLOG 2016 MP 260 Otis LLOG 2016 Main Pass Tahoe Son of Bluto 2 LLOG 2017 Nautilus Petronius Horn…
TOP GULF OF MEXICO PRODUCERS Gulf of Mexico activity dominated by large, investment grade producers Oil Natural Gas Existing AMID GoM customer 414 400 101 290 MBoe/d 300 248 39 200 67 163 313 42 106 104 100 100 251 72 65…
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…
CAYENNE JOINT VENTURE Project Overview 50/50 Joint Venture with Targa Midstream to transport Y- grade NGLs from the Venice gas processing plant to EPDs pipeline at Toca, Louisiana, for delivery to EPDs Norco Fractionator - AMID is…
NATURAL GAS TRANSMISSION OVERVIEW FERC-regulated interstate and unregulated 2017 Capital Projects intrastate natural gas pipelines with 2.5 Bcf/d capacity Demand-based assets, 100% fixed-fee revenue with investment-grade…
NATURAL GAS TRANSMISSION MARKET OVERVIEW LOUISIANA: 326,000 Dth/d Firm Transportation Natural Gas Transmission - Firm Markets o MLGT: Unregulated intrastate system North LA: Entergy North Louisiana (Power), Angus Chemical…
ONSHORE G&P OVERVIEW Business Overview Assets located in some of the most prolific producing basins including the Permian, East Texas, Eagle Ford and Bakken Over 1,565 miles of high- and low-pressure natural gas and crude oil…
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 Anchor producer 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…
24 FINANCIAL STRENGTH
CONSERVATIVE FINANCIAL PROFILE (IN MILLIONS, EXCEPT DISTRIBUTION FIGURES) Adjusted EBITDA 1 205 Target long-term leverage of 3.5x and liquidity of 250+ million Target 1.1-1.2x average distribution coverage in 2017 and 2018…
OFFSHORE PIPELINE SERVICES High Point Quivira/Burns Point Destin & Okeanos Delta House Main Pass Oil American Panther VKGS Product Gas Gas Gas Oil & Gas Oil Oil & Gas Oil & Gas Quivira 100% Destin 49.7% Ownership 100% 20% 100% 100%…
NATURAL GAS TRANSPORTATION Midla/MLGT AlaTenn/Bamagas/Trigas Magnolia Location Louisiana and Mississippi North Alabama South Alabama Product Natural gas Natural gas Natural gas Capacity 518 MMcf/d 710 MMcf/d 120 MMcf/d 432 miles…
GAS GATHERING AND PROCESSING ASSETS East Texas Permian Gulf Coast Eagle Ford Product Gas, NGLs, Condensate Gas, NGLs, Condensate Gas, NGLs, Condensate Gas 70 MMcf/d gas processing, 40 MMcf/d gas processing, 25 MMcf/d gas processing,…
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 Interest Overview System Product Held (miles) Capacity Delta House Delta Floating production system located in the Mississippi Canyon region in 20.1% - - -…
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