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JP Morgan Energy MLP Forum – Plains All American Pipeline, L.P.

Plains All American Pipeline, L.P. · Mar 28, 2018 · 19 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. JP Morgan Energy MLP Forum – Plains All American Pipeline, L.P. – slide 1
    J.P. Morgan West Coast Energy MLP 1x1 Forum March 28, 2018 www.plainsallamerican.com NYSE: PAA & PAGP 1
  2. JP Morgan Energy MLP Forum – Plains All American Pipeline, L.P. – slide 2
    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
  3. JP Morgan Energy MLP Forum – Plains All American Pipeline, L.P. – slide 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 &…
  4. JP Morgan Energy MLP Forum – Plains All American Pipeline, L.P. – slide 4
    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…
  5. JP Morgan Energy MLP Forum – Plains All American Pipeline, L.P. – slide 5
    PAA Capitalization & Liquidity Capitalization (in billions) 12/31/2016 6/30/2017 9/30/2017 12/31/2017 Short-term Debt (Primarily Hedged Inventory) 1.7 1.1 0.9 0.7 1.5B reduction Long-term Debt 10.1 10.0 10.5 9.2 in 4Q17…
  6. JP Morgan Energy MLP Forum – Plains All American Pipeline, L.P. – slide 6
    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…
  7. JP Morgan Energy MLP Forum – Plains All American Pipeline, L.P. – slide 7
    U.S. Currently The Worlds Top Liquids Producer (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% US & Canada = 20 mmb/d UAE…
  8. JP Morgan Energy MLP Forum – Plains All American Pipeline, L.P. – slide 8
    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…
  9. JP Morgan Energy MLP Forum – Plains All American Pipeline, L.P. – slide 9
    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…
  10. JP Morgan Energy MLP Forum – Plains All American Pipeline, L.P. – slide 10
    Permian Basin Rig Activity Continues To Drive Majority of U.S. Unconventional Activity Basin Basin Rigs * % % Peak Horizontal Rigs vs WTI 1 2 Hz Rigs Peak Delaware 225 Rigs WTI () Central Basin 21 450 351 HZ Rigs 120 391 HZ…
  11. JP Morgan Energy MLP Forum – Plains All American Pipeline, L.P. – slide 11
    Leading Permian Producers Continue To Ramp Activity Going Into 2018 July 2017 Mar. 2018 Operators Completions 2017 2018 1 % Growth Rig Count Rig Count EOG 16 22 6 APC 97 160 63 65% XTO 14 21 7 EGN 108 125 17 16% Pioneer 19 21 2 PXD 224…
  12. JP Morgan Energy MLP Forum – Plains All American Pipeline, L.P. – slide 12
    PAAs Permian System: Unmatched Capacity & Interconnectivity Providing Flow Assurance & Access To Multiple Markets Permian Basin Assets / Activities Cushing Hub Cushing to Broome Transportation Volumes 2,800 mb/d Diamond Lease…
  13. JP Morgan Energy MLP Forum – Plains All American Pipeline, L.P. – slide 13
    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…
  14. JP Morgan Energy MLP Forum – Plains All American Pipeline, L.P. – slide 14
    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…
  15. JP Morgan Energy MLP Forum – Plains All American Pipeline, L.P. – slide 15
    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…
  16. JP Morgan Energy MLP Forum – Plains All American Pipeline, L.P. – slide 16
    Constructing Fully Committed Cactus II Pipeline System Announcement Highlights: 525mb/d of third-party commitments Combination of MVCs (425mb/d) & Acreage Dedications (100mb/d) Midland 60-mb/d reserved for walk-up shippers Wink JV…
  17. JP Morgan Energy MLP Forum – Plains All American Pipeline, L.P. – slide 17
    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…
  18. JP Morgan Energy MLP Forum – Plains All American Pipeline, L.P. – slide 18
    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…
  19. JP Morgan Energy MLP Forum – Plains All American Pipeline, L.P. – slide 19
    Q&A www.plainsallamerican.com NYSE: PAA & PAGP 20

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