Morgan Stanley Utilities, Clean Tech and Midstream Energy Conference February 27, 2018 www.plainsallamerican.com NYSE: PAA & PAGP 1
Discussion Outline Brief Overview of PAA 2017 Highlights & Outlook for 2018++ Permian Basin: Critical Growth Region PAAs Positioning for Continued Growth Key Takeaways www.plainsallamerican.com NYSE: PAA & PAGP 3
PAA Has One of the Largest and Most Integrated Crude Oil Pipeline & Terminal Systems in North America PAAs Crude Oil Value Chain Legend Plains Current Profile (1) Volumes Handled: 5 mmb/d Transportation volumes 1.3 mmb/d Supply &…
PAA Reported Multiple Positive Achievements In 2017; Well Positioned For Continued Growth in 2018++ 2017 Results & 2018 Guidance ( billions) --PAA Segment Adj. EBITDA-- 4Q & FY 2017 Results fee-based 2.5 +/-0.1 performance slightly…
Looking Forward: PAA Focus Areas & Capabilities Fundamental analysis and commercial intelligence supports strategic planning and identification of new opportunities Large regional presence in key crude basins with emphasis on…
U.S. Among Worlds Top Liquids Producers (1) 10 Countries Produce Nearly 70% of World Liquids Supply 70% of World Liquids Supply 2017 Avg. World Liquids Production: 98 mmb/d Brazil Kuwait 5% 5% US & Canada = 20 mmb/d UAE 5%…
Permian is the Leading Crude Oil Growth Basin Potential 5 Yr. Outlook Total U.S. & Canada Oil Production to Grow 3.9 mmb/d, Permian is 50% of Total --Ring size illustrates magnitude Permian Basin Crude Oil Production (exc. NGL) of…
Permian Drove 12% Fee-Based Growth at PAA in 2017; Significant Momentum Leading into 2018 YE 2016 YE 2017: 700mb/d (mb/d) Total Permian Crude Oil Production Permian production growth 4,000 Directional impact of weather Overall…
Permian Basin Rig Activity Continues To Drive Majority of U.S. Unconventional Activity 53% of U.S. HZ rigs*currently Permian Basin Hz Rigs vs WTI Price operating in the Permian 450 120 Basin Hz Rigs % Peak2 351 HZ Rigs 383 HZ Rigs…
Leading Permian Producers Continue To Ramp Activity Going Into 2018 Top 15 July 2017 Feb. 2018 % Completions 2017 2018 Operators Rig Count Rig Count Growth Pioneer 19 22 3 Pioneer 224 265 41 18% Exxon 14 22 8 Concho 211 244 33 16%…
Permian Growth Expected To Fill Existing Capacity & Drive Demand for New Takeaway Capacity (Permian is PAAs largest asset concentration) Permian Production vs. Operable Pipeline Takeaway Capacity PAA Projects: 700 mb/d of incremental…
Executing Capital Program & Proceeding with Key Permian Growth Opportunities New Permian takeaway projects drive ( billions) PAA Expansion Capital Summary 1.6 increased 2018 CAPEX 1.4 1.4 1.4 Cactus II - expect investment to be…
Permian is Key Focus Area for Incremental CAPEX Long-Haul Expansions Drive Volume Pull-through on Gathering & Intra-Basin Systems 2018/2019 Capital Program* Other 20% Primarily driven by 2 Projects: Phase I Permian to Corpus (Cactus…
Announced 1/22/18: PAA Proceeding With Construction of Cactus II Pipeline System Announcement Highlights: Sufficient third-party support received in initial open season Midland Project sanctioned and proceeding with construction Wink…
New Projects Underpinned by Recent MVCs Also Provide Incremental Capacity & Revenue Optimization Opportunities Capacity View in Late 2017 Expected Capacity View in Late 2019* ORLA ORLA Source Hub +700mb/d long-haul…
Key Takeaways Long-term view for the crude oil sector is strong World needs US production; Permian Basin will be a key driver Infrastructure is critical to domestic & international value chain PAAs system is well positioned to serve…
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