2nd Quarter Operations Report AUGUST 2017 FOCUS ON PEOPLE STRIVE FOR EXCELLENCE BE ETHICAL DELIVER RESULTS BE GOOD STEWARDS
EXECUTING OUR LONG-TERM STRATEGY DELIVERING RESULTS AND DRIVING GROWTH THE RIGHT THE RIGHT EXECUTING WITH PLACES PARTNERS EXCELLENCE Leading position in key growth Strong producer relationship Developing suite of integrated basins…
KEY DRIVERS TO 2017 GUIDANCE SUCCESS CURRENT ACTIVITY EXPECTED TO ACHIEVE FY 2017 GUIDANCE Cash flow contribution ORGANIC PROJECTS 1Q17 2Q17 3Q17 4Q17 2018+ CHISHOLM II GAS Project online Gas Processing CHISHOLM II LIQUIDS1…
SECOND QUARTER 2017 EXECUTION EXCELLENCE
ENLK & ENLC FINANCIAL RESULTS 2ND QUARTER 2017 ENLK - 2ND QUARTER RESULTS ENLC - 2ND QUARTER RESULTS MM, unless noted Q2 2017 MM, unless noted Q2 2017 Net Income Attributable to ENLK 30 Net Income Attributable to ENLC 6 Adjusted…
CORE BASINS DEMONSTRATE RESILIENCY VOLUME GROWTH DURING THE PAST 12 MONTHS Permian Basin1 Central Oklahoma G&T volumes have grown G&T volumes have grown Louisiana Gas2 37% year over year 26% year over year G&T volumes have grown…
MIDSTREAM ASSETS IN PREMIER BASINS STRENGTH OF CORE BASINS SUPPORTS ONGOING RIG ACTIVITY Central Oklahoma Midland Basin Acreage dedicated to G&P system Acreage dedicated to gas G&P system Volumes dedicated to G&P system Acreage…
YEAR-OVER-YEAR RIG GROWTH RIG GROWTH RATE ON ENLINK SYSTEMS EXCEEDS U.S. RATE U.S. Rig Count Rigs in Core Basins Rigs on our Systems 105% 125% 215% 513 57 958 463 227 18 07/2016 07/2017 07/2016 07/2017 07/2016 07/2017…
OPERATIONAL PERFORMANCE RIGHT PLACES, RIGHT PARTNERS
STACK ASSETS: CROSS-COMMODITY GROWTH STRATEGY IN ACTION: A FUTURE WITH GAS, NGL AND CRUDE SERVICES Expansion into Crude Gathering Service offerings extend to include new Black Coyote crude gathering system EnLink achieves the next…
LINKING THE NGL VALUE CHAIN MINIMAL GROWTH CAPITAL AND MAXIMUM OPTIONALITY FOR ENLINK Linking EnLinks Supply Assets in Capturing Incremental NGL Benefits Central Oklahoma with Demand Strategic arrangement to bring Markets Along the…
THE RIGHT PARTNERS IN CENTRAL OKLAHOMA STACK WELL PERFORMANCE PROVING SHALE PLAY POTENTIAL Expected Benefits from Year-to-Date 100 New Wells Resource Development Brought Online by Diverse Portfolio of Producer Customers Future…
DEVON CENTRAL OKLAHOMA UPDATE STACK MULTI-ZONE DEVELOPMENT PROJECTS Large-Scale, Multi-Zone Development Projects Multi-Zone Manufacturing - The Next Frontier of Efficiency Gains: Devon estimates the efficiency gains and improved…
LOBO SYSTEM IN THE CORE OF DELAWARE BASIN EXPANDING STRATEGIC NORTHERN DELAWARE POSITION Current Growth Opportunities Assets located in the center of drilling activity in the Northern Delaware Basin Eddy and Lea counties, New…
ADVANTAGED ASSETS IN THE MIDLAND BASIN DELIVERING SERVICES ACROSS COMMODITIES & THE VALUE CHAIN Gas Gathering & Processing: Steady Volume Growth Profile 408 MMcf/d Processing Capacity 70% 52% 45% Plant Utilization 4Q16 2Q17…
LOUISIANA: PORTFOLIO DIVERSIFICATION FRANCHISE POSITION SERVING GROWING DEMAND MARKETS Operational Success Drivers Natural Gas Continue to exceed gas gathering and transmission system volume expectations Demand growing across the…
NORTH TEXAS: STABLE CASH FLOW SIZE AND SCALE IN MATURE BASIN Efforts to Enhance Economics Gathering System Impact from volume decline on the gathering system was reduced in 1H17, in part due to ongoing efforts to reduce operating…
EXECUTING THE PLAN, DELIVERING RESULTS DIVERSE PARTNERS IN THE TOP BASINS AND MARKETS Further organically develop and extend our strategic asset portfolio in top U.S. supply basins and demand regions Provide integrated midstream…
APPENDIX
ENLK: 2017 FINANCING & LIQUIDITY CONSISTENT FOCUS ON BALANCE SHEET STRENGTH BALANCE SHEET FOCUS BALANCE SHEET FLEXIBILITY ISSUED 500MM OF 5.45% SENIOR NOTES DUE Leverage: 2047 2017 Debt/Adjusted EBITDA2 ratio target Enhanced…
GROWTH CAPITAL UPDATE CAPITAL SPEND REMAINS COMMITTED TO CORE GROWTH ASSETS 2017 Net Capital Outlay Guidance (MM) 1H17 Growth Capital Expenditures (MM) 610 770 505 - 645 45 55 60 70 449 379 30 40 Growth Capital JV…
QUARTERLY SEGMENT PROFIT & VOLUMES Three Months Ended In millions unless otherwise noted Jun. 30, 2016 Sept. 30, 2016 Dec. 31, 2016 Mar. 31, 2017 Jun. 30, 2017 Texas1 Segment Profit 103.1 103.2 103.2 101.4 105.6 Gross Operating…
KEY FINANCIAL METRIC SUMMARY In millions unless otherwise noted 2Q16 3Q16 4Q16 1Q17 2Q17 EnLink Midstream Partners, LP (ENLK) Net Income (Loss) Attributable to ENLK 5.0 18.8 (28.6) 18.1 29.6 Net Cash Provided by Operating…
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…
THE RIGHT ASSET PLATFORM INTEGRATED ACROSS PRODUCTS, BASINS, & SERVICES 20 4.5 Bcf/d Processing Facilities Processing Capacity 7 260 Mbbl/d Fractionators Fractionation Capacity 11k Miles 130 Mbbl/d of Pipeline…
ORGANIZATIONAL CHART3 Devon Energy Corp. Public NYSE: DVN Unitholders (BBB+/BBB/Ba1) TPG Capital & 64% 36% ENLC owns 100% Goldman Sachs1 of IDRs Preferred Equity Owners EnLink Midstream, LLC General Partner NYSE: ENLC 14%…
REVISED ENLK FORWARD LOOKING RECONCILIATION YTD Q2 2017 Q3 2017 Outlook (1) Q4 2017 Outlook (1) YTD 2017 Outlook (1) (MM) Q217 L M H L M H L M H Net income (2) 46 21 29 37 49 57 65 116 132 148 Interest expense, net of interest income…
RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO ADJUSTED EBITDA AND DISTRIBUTABLE CASH FLOW OF ENLK Three Months Ended All amounts in millions 6/30/2016 9/30/2016 12/31/2016 3/31/2017 6/30/2017 Net cash provided by…
RECONCILIATION OF NET INCOME (LOSS) OF ENLC TO ENLC CASH AVAILABLE FOR DISTRIBUTION Three Months Ended All amounts in millions 6/30/2016 9/30/2016 12/31/2016 3/31/2017 6/30/2017 Net income (loss) of ENLC 1.2 11.1 (29.2) 9.3 27.1…
RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED EBITDA OF ENLK Three Months Ended All amounts in millions 6/30/2016 9/30/2016 12/31/2016 3/31/2017 6/30/2017 Net income (loss) 3.2 17.5 (31.1) 13.3 32.7 Interest expense, net of interest…
RECONCILIATION OF ENLKS OPERATING INCOME (LOSS) TO GROSS OPERATING MARGIN OF ENLK All amounts in millions Crude and Q2 2017 Texas Louisiana Oklahoma Condensate Corporate Totals Operating income (loss) 70.4 General and administrative…
RECONCILIATION OF ENLKS OPERATING INCOME (LOSS) TO GROSS OPERATING MARGIN OF ENLK (CONT.) Crude and Q4 2016 (All amounts in millions) Texas Louisiana Oklahoma Condensate Corporate Totals Operating income (loss) 38.3 General and…
FOCUS ON PEOPLE STRIVE FOR EXCELLENCE BE ETHICAL DELIVER RESULTS BE GOOD STEWARDS
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