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1Q 2018 Earnings Presentation – Enable Midstream Partners Lp

Enable Midstream Partners Lp · Feb 26, 2018 · 33 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. 1Q 2018 Earnings Presentation – Enable Midstream Partners Lp – slide 1
    Enable Midstream Partners, LP First Quarter 2018 Investor Presentation
  2. 1Q 2018 Earnings Presentation – Enable Midstream Partners Lp – slide 2
    Contents Enable Midstream Overview 2018 Outlook Transportation & Storage Segment Overview Gathering & Processing Segment Overview Appendix 4
  3. 1Q 2018 Earnings Presentation – Enable Midstream Partners Lp – slide 3
    Enable Midstream Overview 5
  4. 1Q 2018 Earnings Presentation – Enable Midstream Partners Lp – slide 4
    Enable Midstream Highlights Strong Customer Relationships & High-Quality Assets in Top-Tier Plays Assets are located in some of the most prominent natural gas and crude oil plays in the country High degree of interconnectivity between…
  5. 1Q 2018 Earnings Presentation – Enable Midstream Partners Lp – slide 5
    Fully Integrated Suite of Assets Provides Significant Scale & Operating Leverage 10,000 miles Interstate/intrastate pipelines1 13,300 miles Gathering pipeline1 2.6 Bcf/d Processing capacity1 86 Bcf Storage…
  6. 1Q 2018 Earnings Presentation – Enable Midstream Partners Lp – slide 6
    Exceeded Full-Year 2017 Objectives Record-Setting Year1 Significant Commercial Successes 2017 Operational Performance Acquired Align Midstream, extending Ark-La-Tex footprint Highest natural gas gathered and processed volumes and…
  7. 1Q 2018 Earnings Presentation – Enable Midstream Partners Lp – slide 7
    Well-Positioned for Continued Growth in 2018+ Enables 2018 Outlook forecasts significant volume growth over 2017 levels driven by strong producer rig activity around Enables footprint Producer leasing and drilling activity in Arkoma…
  8. 1Q 2018 Earnings Presentation – Enable Midstream Partners Lp – slide 8
    Large and Diverse Customer Base Enables revenues are strengthened by a diverse, high-quality customer base, many of whom are investment-grade or affiliates of investment-grade companies Many of our customers rely on us for multiple…
  9. 1Q 2018 Earnings Presentation – Enable Midstream Partners Lp – slide 9
    Over 1.1 Bcf/d of Recently Contracted Market Solutions for Growing SCOOP & STACK Production Capital-Efficient Expansion Projects Provide Critical Access to Premium Markets Bennington & Southeast CaSE Project1 Markets In-service…
  10. 1Q 2018 Earnings Presentation – Enable Midstream Partners Lp – slide 10
    Transportation & Storage Segment T&S segment provides significant, fee-based margin and is well-positioned to support natural gas demand growth in the Mid-continent, Gulf Coast and Southeast regions System Map Significant Fee-Based…
  11. 1Q 2018 Earnings Presentation – Enable Midstream Partners Lp – slide 11
    Market-Leading SCOOP & STACK Position Enables SCOOP and STACK assets provide significant scale and operating leverage Gathering & Processing Map Gathering & Processing Highlights 1 in Processing Capacity1,2 Leading Active Rig Count3…
  12. 1Q 2018 Earnings Presentation – Enable Midstream Partners Lp – slide 12
    Significant Ark-La-Tex Basin Growth Gathered volume growth in the Ark-La-Tex Basin driven by acquisition of Align Midstream, increased rig count and strong well performance Align Midstream Acquisition Extends Footprint Volume Growth…
  13. 1Q 2018 Earnings Presentation – Enable Midstream Partners Lp – slide 13
    Strong Balance Sheet and Liquidity Position Credit Profile Highlights Debt Maturity Schedule2 in millions Committed to investment-grade credit 700 metrics 600 550 Consistent annual distribution coverage 500 450 ratio greater…
  14. 1Q 2018 Earnings Presentation – Enable Midstream Partners Lp – slide 14
    2018 Outlook Appendix 16
  15. 1Q 2018 Earnings Presentation – Enable Midstream Partners Lp – slide 15
    2018 Operational, Financial and Capital Outlook 2018 Outlook as of November 1, 2017, and reaffirmed on February 20, 2018 2018 Operational Outlook 2018 Financial Outlook in millions Natural Gas Gathered Volumes (TBtu/d) 3.9 4.6 Net…
  16. 1Q 2018 Earnings Presentation – Enable Midstream Partners Lp – slide 16
    Appendix Transportation & Storage Segment Overview 18
  17. 1Q 2018 Earnings Presentation – Enable Midstream Partners Lp – slide 17
    Enable Gas Transmission (EGT) Pipeline Highlights Pipeline Map2 5,900-mile1 interstate pipeline serving the 5,900 miles 6.5 Bcf/d capacity Anadarko, Ark-La-Tex and Arkoma Basins 30.5 Bcf storage capacity EGTs primary customers…
  18. 1Q 2018 Earnings Presentation – Enable Midstream Partners Lp – slide 18
    Mississippi River Transmission (MRT) Pipeline Highlights Pipeline Map2 1,600-mile1 interstate pipeline that 1,600 miles offers shippers competitive rates and is 1.7 Bcf/d capacity 31.5 Bcf storage capacity interconnected to diverse…
  19. 1Q 2018 Earnings Presentation – Enable Midstream Partners Lp – slide 19
    Enable Oklahoma Intrastate Transmission (EOIT) Pipeline Highlights EOIT Pipeline Map2 Interconnects natural gas supply from 2,200 miles 2.3 Bcf/d peak throughput the Anadarko and Arkoma Basins to 24.0 Bcf storage capacity Enables EGT…
  20. 1Q 2018 Earnings Presentation – Enable Midstream Partners Lp – slide 20
    Southeast Supply Header (SESH) Pipeline Highlights Pipeline Map3 290-mile1 interstate natural gas 50% JV with Spectra Energy Partners, LP pipeline that runs from the Perryville 290 miles Hub in northeastern Louisiana to 1.1 Bcf/d…
  21. 1Q 2018 Earnings Presentation – Enable Midstream Partners Lp – slide 21
    Appendix Gathering & Processing Segment Overview 23
  22. 1Q 2018 Earnings Presentation – Enable Midstream Partners Lp – slide 22
    Anadarko Basin System Highlights System Map3 Enable serves over 210 producers in the 8,200 miles 758,000 horsepower of compression Anadarko Basin and has secured 5 million gross 1.81 TBtu/d gathered volumes 11 processing…
  23. 1Q 2018 Earnings Presentation – Enable Midstream Partners Lp – slide 23
    Ark-La-Tex Basin System Highlights Ark-La-Tex System Map3 Enable serves over 100 producers in the Ark- 1,800 miles 160,200 horsepower of compression La-Tex Basin and provides gathering and 1.20 TBtu/d gathered volumes 3 processing…
  24. 1Q 2018 Earnings Presentation – Enable Midstream Partners Lp – slide 24
    Arkoma Basin System Highlights Arkoma System Map3 Enable serves over 80 producers in the 3,000 miles Arkoma Basin and provides gathering and 133,500 horsepower of compression 0.55 TBtu/d gathering volumes processing services to both…
  25. 1Q 2018 Earnings Presentation – Enable Midstream Partners Lp – slide 25
    Crude Gathering Systems in the Williston Basin System Highlights System Map4 Infrastructure continues to be placed into 175 miles crude gathering 160 miles water gathering service on Enables crude gathering Total of 0.2 million gross…
  26. 1Q 2018 Earnings Presentation – Enable Midstream Partners Lp – slide 26
    Appendix Appendix 28
  27. 1Q 2018 Earnings Presentation – Enable Midstream Partners Lp – slide 27
    2017 Operating Results Twelve Months Ended Dec. 31 2017 2016 Gathered volumes (TBtu/d) 3.56 3.13 Anadarko 1.81 1.65 Arkoma 0.55 0.62 Ark-La-Tex 1.20 0.86 Natural gas processed volumes (TBtu/d) 1.96 1.80 Anadarko 1.61 1.47…
  28. 1Q 2018 Earnings Presentation – Enable Midstream Partners Lp – slide 28
    2017 Financial Results Selected Results Twelve Months Ended Dec. 31 in millions, except per-unit and ratio data 2017 2016 Total revenues 2,803 2,272 1 Gross margin 1,422 1,255 Operation and maintenance, general and Administrative…
  29. 1Q 2018 Earnings Presentation – Enable Midstream Partners Lp – slide 29
    Price Sensitivities & Margin Profile 2018 Price Sensitivities 2018 Margin Profile2 Impact to 2018 Net Income (including impact of hedges)1 93% fee- 7% % Change in Prices based or 6% hedged in millions +10% -10% Natural Gas and…
  30. 1Q 2018 Earnings Presentation – Enable Midstream Partners Lp – slide 30
    Hedging Summary Commodity1 2018 Natural Gas Exposure Hedged (%) 34% Average Hedge Price (/MMBtu) 2.89 2 Crude Exposure Hedged (%) 77% Average Hedge Price (/Bbl) 52.96 Propane Exposure Hedged (%) 64% Average Hedge Price (/gal) 0.71…
  31. 1Q 2018 Earnings Presentation – Enable Midstream Partners Lp – slide 31
    Enable Ownership Structure Note: As of December 31, 2017 33
  32. 1Q 2018 Earnings Presentation – Enable Midstream Partners Lp – slide 32
    Forward Looking Non-GAAP Reconciliation 2018 Outlook (In millions) Reconciliation of Adjusted EBITDA and distributable cash flow to net income attributable to limited partners: Net income attributable to common units 355 - 435 Add:…
  33. 1Q 2018 Earnings Presentation – Enable Midstream Partners Lp – slide 33
    Forward Looking Non-GAAP Reconciliation Continued 2018 Outlook (In millions) Reconciliation of Adjusted interest expense to Interest expense: Interest expense, net of interest income 145 - 155 Amortization of premium on long-term…

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