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Q3 2017 Operations Report – Enlink Midstream Llc

Enlink Midstream Llc · Oct 31, 2017 · 42 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. Q3 2017 Operations Report – Enlink Midstream Llc – slide 1
    3 RD Q U A R T E R 2 0 1 7 OPERATIONS REPORT OCTOBER 31, 2017 FOCUS ON PEOPLE STRIVE FOR EXCELLENCE BE ETHICAL DELIVER RESULTS BE GOOD STEWARDS
  2. Q3 2017 Operations Report – Enlink Midstream Llc – slide 2
    RIGHT PLACES EXECUTION RIGHT EXCELLENCE PARTNERS RIGHT PLAN
  3. Q3 2017 Operations Report – Enlink Midstream Llc – slide 3
    CLEAR PLAN FOR CONTINUED GROWTH INTEGRATE MIDSTREAM SERVICES, CONNECT SUPPLY & DEMAND SUSTAINABILITY & GROWTH DRIVERS RIGHT PLACES Maintain desirable position in key supply basins and critical demand regions; portfolio of…
  4. Q3 2017 Operations Report – Enlink Midstream Llc – slide 4
    RIGHT PLACES EXECUTION RIGHT EXCELLENCE PARTNERS RIGHT PLAN
  5. Q3 2017 Operations Report – Enlink Midstream Llc – slide 5
    EXECUTING KEY LONG-TERM SUCCESS DRIVERS ORGANIC PROJECTS PROJECTED TO GENERATE SIGNIFICANT CASH FLOW ORGANIC PROJECTS 1Q17 2Q17 3Q17 4Q17 2018+ CHISHOLM II Gas Processing Facility Online Liquids Linked to Cajun Sibon ASCENSION1…
  6. Q3 2017 Operations Report – Enlink Midstream Llc – slide 6
    ENLK: STRATEGY DELIVERS CONSISTENT RESULTS STRONG YEAR-TO-DATE PERFORMANCE; REAFFIRMS GUIDANCE ORGANIC PROJECTS 3Q17 4Q17 2018+ EXECUTION EXCELLENCE CHISHOLM II Net Adjusted Gas Processing Facility Income EBITDA Liquids Linked to…
  7. Q3 2017 Operations Report – Enlink Midstream Llc – slide 7
    RESILIENCY & GROWTH IN OUR CORE AREAS ATTRACTIVE GAS VOLUME GROWTH DURING THE LAST 12 MONTHS PERMIAN BASIN1 OKLAHOMA G&T volumes have grown G&T volumes have grown 51% year-over-year 42% year-over-year 13% quarter-over-quarter 16%…
  8. Q3 2017 Operations Report – Enlink Midstream Llc – slide 8
    STRONG BALANCE SHEET PROVIDING FINANCIAL FLEXIBILITY INVESTMENT GRADE RATING & DISTRIBUTION COVERAGE REMAIN FISCAL PRIORITIES LONG-TERM COMMITMENT ENLK INVESTMENT GRADE BALANCE SHEET Long-term leverage target range of 3.5 4.0x…
  9. Q3 2017 Operations Report – Enlink Midstream Llc – slide 9
    RIGHT PLACES EXECUTION RIGHT EXCELLENCE PARTNERS RIGHT PLAN
  10. Q3 2017 Operations Report – Enlink Midstream Llc – slide 10
    CLEAR PLAN FOR CONTINUED GROWTH TOP GROWTH STRATEGIES TO DRIVE PROJECT & UNITHOLDER RETURNS RIGHT PLAN: FOCUS ON EXECUTING ORGANIC PROJECTS IN CORE AREAS 1. Maximize strategic position in Oklahoma 2. Increase asset utilization in…
  11. Q3 2017 Operations Report – Enlink Midstream Llc – slide 11
    OKLAHOMA: SIZE, SCALE, & DIVERSIFICATION EXPOSURE TO THE STACK, MERGE, & ARKOMA WOODFORD RIGHT PLAN: MAXIMIZE STRATEGIC POSITION THE PREMIER POSITION - SIZE, SCALE, STRENGTH & DIVERSIFICATION of producer customers, commodities, &…
  12. Q3 2017 Operations Report – Enlink Midstream Llc – slide 12
    CENTRAL OKLAHOMA: DEVON UPDATE STACK MULTI-ZONE DEVELOPMENT PROJECTS DEVON WELL RESULTS AND FULL-FIELD DEVELOPMENT UPDATE Well Results Full-Field Development Update In 3Q17, 14 Meramec wells averaged 30-day initial Devon began the…
  13. Q3 2017 Operations Report – Enlink Midstream Llc – slide 13
    MIDLAND BASIN: ADVANTAGED ASSETS 20% GAS GATHERING VOLUME GROWTH YEAR-OVER-YEAR RIGHT PLAN: INCREASE ASSET UTILIZATION DIVERSIFICATION & STRENGTH of customer base, LOCATED IN CORE Midland Basin counties Gas gathering & processing…
  14. Q3 2017 Operations Report – Enlink Midstream Llc – slide 14
    DELAWARE BASIN: LOBO SYSTEM IN THE CORE EXPANDING ATTRACTIVE DELAWARE GATHERING & PROCESSING POSITION RIGHT PLAN: CONTINUE BUILDING SCALE FINANCIALLY STRONG producer customers share long-term commitment to Delaware Basin Key producer…
  15. Q3 2017 Operations Report – Enlink Midstream Llc – slide 15
    LOUISIANA NGL: VALUE CHAIN GROWTH SUPPLY ASSETS IN OKLAHOMA & PERMIAN LINKED WITH GULF COAST RIGHT PLAN: DRIVE GROWTH IN GULF COAST NGL PLATFORM GENERATE MULTIPLE FEE CAPTURE OPPORTUNITIES for NGL transportation, fractionation,…
  16. Q3 2017 Operations Report – Enlink Midstream Llc – slide 16
    LOUISIANA GAS: PREMIER MARKET FOOTPRINT ONE OF THE LARGEST GAS PIPELINE SYSTEMS IN LOUISIANA RIGHT PLAN: CAPTURE SIGNIFICANT INCREMENTAL GAS OPPORTUNITIES PROVIDE DIVERSIFIED, INTEGRATED services with connectively to multiple key…
  17. Q3 2017 Operations Report – Enlink Midstream Llc – slide 17
    LOUISIANA: ELEVATING ASSET VALUE SEEKING HIGHEST VALUE UTILIZATION OF EXISTING ASSETS RIGHT PLAN: REPURPOSE REDUNDANT PIPELINE INFRASTRUCTURE UNIQUE OPPORTUNITY to ADD VALUE & DIVERSIFY service offerings via potentially REPURPOSING…
  18. Q3 2017 Operations Report – Enlink Midstream Llc – slide 18
    NORTH TEXAS BARNETT: REDEVELOPMENT PROGRESSES SIZE AND SCALE IN ESTABLISHED BASIN RIGHT PLAN: PROACTIVELY PARTICIPATE IN BARNETT REDEVELOPMENT PURSUING OPPORTUNITIES to capitalize on redevelopment of basin though our solid, anchor gas…
  19. Q3 2017 Operations Report – Enlink Midstream Llc – slide 19
    EXECUTING THE PLAN, DELIVERING RESULTS DIVERSE PARTNERS IN THE TOP BASINS AND MARKETS TBD TBD TBD EXECUTION PROVEN STRONG of the plan business model financial position Further organically develop and Strong producer partner in…
  20. Q3 2017 Operations Report – Enlink Midstream Llc – slide 20
    RIGHT PLACES EXECUTION RIGHT EXCELLENCE PARTNERS RIGHT PLAN
  21. Q3 2017 Operations Report – Enlink Midstream Llc – slide 21
    RIG COUNT SUPPORTS ENLINKS ASSETS IN PREMIER BASINS RIG ACTIVITY SUPPORTS VOLUME GROWTH ACROSS FOOTPRINT CENTRAL OKLAHOMA1 MIDLAND BASIN1 DELAWARE BASIN1 Rig Count Rig Count Rig Count 27 19 18 24 17 16 22 15 13 12 17 9 10 11…
  22. Q3 2017 Operations Report – Enlink Midstream Llc – slide 22
    CENTRAL OKLAHOMA: SIZE, SCALE, & DIVERSIFICATION 1.2 BCF/D OPERATING PROCESSING CAPACITY EXPECTED 1Q19 600,000 DEDICATED ACRES CHISHOLM CANA 1,500 MILES OF GATHERING PIPELINE 5 RIGS RUNNING ON ACREAGE DEDICATED TO BLACK…
  23. Q3 2017 Operations Report – Enlink Midstream Llc – slide 23
    MIDLAND BASIN: ADVANTAGED GAS & CRUDE ASSETS 408 MMCF/D OPERATING PROCESSING CAPACITY 440,000 DEDICATED ACRES RIPTIDE DEADWOOD 1,020 MILES OF CRUDE & GAS GATHERING PIPELINE 51 TRACTOR TRAILERS 13 INJECTION STATIONS…
  24. Q3 2017 Operations Report – Enlink Midstream Llc – slide 24
    DELAWARE BASIN: LOBO SYSTEM IN THE CORE 285 MMCF/D OPERATING PROCESSING CAPACITY EXPECTED 2H18 55,000 DEDICATED ACRES LOBO I LOBO II 125 MILES OF GATHERING PIPELINE 7 PRODUCER CUSTOMERS 3RD QUARTER 2017 OPERATIONS…
  25. Q3 2017 Operations Report – Enlink Midstream Llc – slide 25
    LOUISIANA NGL: VALUE CHAIN GROWTH 790 MILES OF Y-GRADE TRANSMISSION PIPELINE 130 MBBL/D CAJUN SIBON Y-GRADE PIPELINE PLAQUEMINE RIVERSIDE 130 MBBL/D ASCENSION PIPELINE BUTANE & NATURAL GASOLINE 175,000 BBL/D FRACTIONATION…
  26. Q3 2017 Operations Report – Enlink Midstream Llc – slide 26
    LOUISIANA GAS: PREMIER MARKET FOOTPRINT 935 MMCF/D OPERATING PROCESSING CAPACITY 3,000 MILES OF GATHERING & TRANSMISSION PIPELINE PLAQUEMINE EUNICE MISSISSIPPI LAKE CHARLES & Multiple RIVER LNG MARKET CORRIDOR KEY DEMAND…
  27. Q3 2017 Operations Report – Enlink Midstream Llc – slide 27
    NORTH TEXAS: SUBSTANTIAL CASH FLOW IN THE BARNETT 1.1 BCF/D OPERATING PROCESSING CAPACITY 15,000 BBL/D FRACTIONATION CAPACITY BRIDGEPORT SILVER CREEK 3,900 MILES OF GATHERING & TRANSMISSION PIPELINE 100 PRODUCER…
  28. Q3 2017 Operations Report – Enlink Midstream Llc – slide 28
    APPENDIX
  29. Q3 2017 Operations Report – Enlink Midstream Llc – slide 29
    THE RIGHT ASSET PLATFORM INTEGRATED ACROSS PRODUCTS, BASINS, & SERVICES 20 PROCESSING 4.5 BCF/D FACILITIES PROCESSING CAPACITY 7 FRACTIONATORS 260MBBL/D FRACTIONATION CAPACITY 130 11K MBBL/D MILES Y-GRADE NGL OF…
  30. Q3 2017 Operations Report – Enlink Midstream Llc – slide 30
    PROVEN BUSINESS MODEL DIVERSIFIED ACROSS PRODUCTS, GEOGRAPHIES, & SERVICES Financial stability further enhanced by expanding business diversification Legacy Operations 2015-16 New or Significantly Expanded 2017 New Service…
  31. Q3 2017 Operations Report – Enlink Midstream Llc – slide 31
    QUARTERLY SEGMENT PROFIT & VOLUMES Three Months Ended In millions unless otherwise noted Sep. 30, 2016 Dec. 31, 2016 Mar. 31, 2017 Jun. 30, 2017 Sep. 30, 2017 Texas1 Segment Profit 103.2 103.2 101.4 105.6 107.6 Gross Operating…
  32. Q3 2017 Operations Report – Enlink Midstream Llc – slide 32
    QUARTERLY SEGMENT VOLUMES OKLAHOMA1 TEXAS1,2 Gathering & Transmission Processing Gathering & Transmission Processing (1,000 MMBtu/d) (1,000 MMBtu/d) (1,000 MMBtu/d) (1,000 MMBtu/d) Permian North TX NTPL Permian North TX 2,580 2,518…
  33. Q3 2017 Operations Report – Enlink Midstream Llc – slide 33
    SEGMENT PROFIT (IN MM) OKLAHOMA TEXAS1 Permian North TX NTPL 103.2 103.2 105.6 107.6 101.4 79.1 1.1 1.3 68.8 86.8 90.9 89.8 89.2 88.2 53.2 52.7 53.4 12.9 15.1 13.2 14.7 17.8 3Q16 4Q16 1Q17 2Q17 3Q17 3Q16 4Q16 1Q17 2Q17…
  34. Q3 2017 Operations Report – Enlink Midstream Llc – slide 34
    KEY FINANCIAL METRIC SUMMARY In millions unless otherwise noted 3Q16 4Q16 1Q17 2Q17 3Q17 EnLink Midstream Partners, LP (ENLK) Net Income (Loss) Attributable to ENLK 18.8 (28.6) 18.1 29.6 25.5 Net Cash Provided by Operating…
  35. Q3 2017 Operations Report – Enlink Midstream Llc – slide 35
    ENLINK ORGANIZATIONAL CHART 1 Devon Energy Corp. Public NYSE: DVN Unitholders (BBB+/BBB/Ba1) TPG Capital & 64% 36% Goldman Sachs2 Series B Preferred Equity Owners EnLink Midstream, LLC General Partner 14% LP NYSE: ENLC ENLC…
  36. Q3 2017 Operations Report – Enlink Midstream Llc – slide 36
    RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO ADJUSTED EBITDA AND DISTRIBUTABLE CASH FLOW OF ENLK Three Months Ended All amounts in millions 9/30/2016 12/31/2016 3/31/2017 6/30/2017 9/30/2017 Net cash provided by…
  37. Q3 2017 Operations Report – Enlink Midstream Llc – slide 37
    RECONCILIATION OF NET INCOME (LOSS) OF ENLC TO ENLC CASH AVAILABLE FOR DISTRIBUTION Three Months Ended All amounts in millions 9/30/2016 12/31/2016 3/31/2017 6/30/2017 9/30/2017 Net income (loss) of ENLC 11.1 (29.2) 9.3 27.1…
  38. Q3 2017 Operations Report – Enlink Midstream Llc – slide 38
    RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED EBITDA OF ENLK Three Months Ended All amounts in millions 9/30/2016 12/31/2016 3/31/2017 6/30/2017 9/30/2017 Net income (loss) 17.5 (31.1) 13.3 32.7 28.7 Interest expense, net of…
  39. Q3 2017 Operations Report – Enlink Midstream Llc – slide 39
    RECONCILIATION OF ENLKS OPERATING INCOME (LOSS) TO GROSS OPERATING MARGIN OF ENLK Crude and Q3 2017 All amounts in millions Texas Louisiana Oklahoma Condensate Corporate Totals Operating income (loss) 73.4 General and administrative…
  40. Q3 2017 Operations Report – Enlink Midstream Llc – slide 40
    RECONCILIATION OF ENLKS OPERATING INCOME (LOSS) TO GROSS OPERATING MARGIN OF ENLK (CONT.) Crude and Q1 2017 All amounts in millions Texas Louisiana Oklahoma Condensate Corporate Totals Operating income (loss) 57.6 General and…
  41. Q3 2017 Operations Report – Enlink Midstream Llc – slide 41
    ENLK FORWARD LOOKING RECONCILIATION Q4 2017 Outlook (1) FY 2017 Outlook (1) (MM) Low Mid High Low Mid High Net income (2) 49 57 65 116 132 148 Interest expense, net of interest income 49 49 49 188 188 188 Depreciation and…
  42. Q3 2017 Operations Report – Enlink Midstream Llc – slide 42
    FOCUS ON PEOPLE STRIVE FOR EXCELLENCE BE ETHICAL DELIVER RESULTS BE GOOD STEWARDS

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