J.P. Morgan West Coast Energy Infrastructure/MLP 1x1 Forum Pam Beall, Executive Vice President and CFO March 28, 2018
Key Investment Highlights Diversified large-cap MLP positioned to deliver attractive returns over the long term Forecast distribution growth of 10% for 2018 Largest processor and fractionator in the Marcellus/Utica basins Gathering &…
Strategic Plan to Enhance Unitholder Value Completed on February 1, 2018 Exchanged for MLP-qualifying EBITDA BENEFITS EBITDA from dropdowns and IDR exchange add substantial stable cash flow and transform MPLX into large-cap…
Fuels Distribution Overview Extensive Range of Scheduling and Marketing Services that Support MPCs Refining and Marketing Operations Services Description Scheduling Supply and demand balancing Annual EBITDA 600 MM Third-party…
Priorities for 2018 Deliver attractive returns for unitholders 2018 Organic Growth Capital Plan of 2.2 B Forecast 10% year-over-year distribution growth Expand portfolio of organic growth projects 5% Utica Financing strategy…
Natural Gas Supply Growth Forecast Marcellus/Utica Basin is the Leading Growth Play 45% of total U.S. growth is expected to occur in Northeast Total U.S. natural gas supply is Marcellus/Utica forecast to grow by 38 Bcf/d from 2017…
Organic Growth Capital Projects Gathering and Processing Segment Est. Completion Est. Completion Processing and Fractionation Shale Resource Capacity Gathering Date Date Sherwood IX Processing Plant(b) Marcellus 200 MMcf/d In Service…
Organic Growth Capital Projects Logistics and Storage Segment Est. Completion Projects Description Date Increasing pipeline capacity to 360 MBPD; provides crude sourcing Ozark Pipeline Expansion Mid-2018 optionality to Midwest…
Strong Financial Flexibility to Manage and Grow Asset Base Committed to maintaining investment (MM except ratio data) As of grade credit profile 12/31/17 1.9 B of available liquidity at year end Cash and cash equivalents 5…
About MPLX Growth-oriented, diversified MLP with high-quality, strategically located assets with leading midstream position Two primary businesses Logistics & Storage includes transportation, storage and distribution of crude oil,…
Logistics & Storage Segment Overview High-quality, well-maintained assets that are integral to MPC Owns, leases, operates, or has interest in 4,500 miles of crude oil pipelines and 5,500 miles of Headquarters product pipelines and…
2017 Logistics & Storage Revenue(a) Customer Mix MPC = 94% Fee-based assets with minimal commodity exposure(c) 8% Primary assets and services 6% 123 MM Crude oil and refined product pipelines 96 MM MPC represented over 84% of…
Gathering & Processing Segment Overview Ethane Raw Gathering Propane Processing Mixed Fractionation NGL Natural Gas and Normal Butane Plants NGLs Facilities Products Isobutane Production Compression Natural Gasoline Gathering…
Marcellus/Utica Capacity Building Infrastructure to Support Processing & Fractionation Volume Growth Marcellus/Utica Processing Capacity 8 2018 plan increases processing capacity by 21% to 7 Bcf/d Currently 65% of processing…
Northeast Operations Well-Positioned in Ethane Market Ethane demand growing as exports and steam cracker development continues Ohio Pennsylvania in Gulf Coast and Northeast Bluestone MPLX well-positioned to support producer…
Major Residue Gas Takeaway Expansion Projects Originate at MPLX Facilities New takeaway pipelines expected to improve Northeast basis differentials MPLX processing complexes: Access to all major gas residue gas takeaway pipelines…
Gathering & Processing Segment Marcellus & Utica Operations Processed Volumes(a) Achieved record 4Q 2017 volumes Available Average Gathered volumes of 2.7 Bcf/d Utilization Area Capacity Volume (%)(b) Processed volumes of 5.2 Bcf/d…
Gathering & Processing Segment Marcellus & Utica Fractionation Commenced operations of second Fractionated Volumes(a) de-ethanization plant at Majorsville Available Average Utilization Area Capacity Volume Achieved record 4Q 2017…
Considerable Scale in the Southwest 2.1 Bcf/d Gathering, 1.5 Bcf/d Processing & 29 MBPD C2+ Fractionation Capacity Western Oklahoma Processing Oklahoma Southeast Oklahoma Processing* 425MMcf/d 112MMcf/d Gathering Gathering 585MMcf/d…
Expanding Southwest Position to Support Growing Production in High Performance Resource Plays Cana-Woodford Arkoma-Woodford Permian Hidalgo Complex 200 MMcf/d Permian Arapaho Complex Hickory Hills Basin Plant Blaine Kingfisher…
Gathering & Processing Segment Southwest Operations Achieved record 4Q 2017 volumes Processed Volumes(a) Gathered volumes of 1.5 Bcf/d Available Average Utilization Area Capacity Volume Processed volumes of 1.4 Bcf/d (MMcf/d)…
Gathering & Processing Contract Structure Durable long-term partnerships across leading basins Marcellus Utica Southwest Resource Play Marcellus, Upper Devonian Utica Haynesville, Cotton Valley, Woodford, Anadarko Basin, Granite…
Long-term Value Objectives Deliver Sustainable Distribution Growth rate that provides attractive total unitholder returns Increase EBITDA through attractive investments and optimization of existing assets Execute and expand Robust…
Appendix 28
Reconciliation of Adjusted EBITDA and Distributable Cash from Net Income (MM) 4Q 2015(4) 1Q 2016 2Q 2016 3Q 2016 4Q 2016 1Q 2017 2Q 2017 3Q 2017 4Q 2017 Net income (loss) 42 (14) 72 194 182 187 191 217 241 (1)The Partnership makes a…
Reconciliation of Adjusted EBITDA and Distributable Cash from Net Cash Provided by Operating Activities (YTD) Dec 31, Mar 31, Jun 30, Sep 30, Dec 31, Mar 31, Jun 30, Sep 30, Dec 31, (MM) 2015 2016 2016 2016 2016 2017 2017 2017 2017…
MPCs Fully Integrated Downstream System Refining & Marketing Six-plant refining system with 1.9 MMBPCD capacity One biodiesel facility and interest in three ethanol facilities One of the largest wholesale suppliers in our market area…
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