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MLPA Conference – Shell Midstream Partners Lp

Shell Midstream Partners Lp · May 25, 2018 · 17 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. MLPA Conference – Shell Midstream Partners Lp – slide 1
    Shell Midstream Partners, L.P. (SHLX) MLPA Handouts Shell Midstream Partners 1
  2. MLPA Conference – Shell Midstream Partners Lp – slide 2
    Shell Midstream Partners: Same Strategy, Continued Delivery RESILIENT DIVERSIFIED SUSTAINABLE FRAMEWORK PORTFOLIO GROWTH Strong support from Shell High-quality assets Strong and ratable cash complementing Shells flows Financial…
  3. MLPA Conference – Shell Midstream Partners Lp – slide 3
    Dynamic Runway of High Quality, Strategic Assets Assets Dropped into SHLX Runway of Potential Assets in RDS Portfolio Q3 2017 Annualized Existing or Under Construction Existing Assets Under Evaluation for the MLP 0.3 Billion NI Up…
  4. MLPA Conference – Shell Midstream Partners Lp – slide 4
    Sustaining Growth Through a Diversified Portfolio Mainstream Midstream as Foundation, Capability to Broaden Near-Term Longer-Term ONSHORE & OFFSHORE TRANSPORTATION PIPELINES TERMINALS & STORAGE GATHERING & PROCESSING…
  5. MLPA Conference – Shell Midstream Partners Lp – slide 5
    Building Scale with High Quality Midstream Assets Hydrocarbon Transport and Storage ONSHORE OFFSHORE PIPELINE PIPELINE TRANSPORTATION TRANSPORTATION TERMINALS & GATHERING & STORAGE PROCESSING Run Rate Portfolio Mix…
  6. MLPA Conference – Shell Midstream Partners Lp – slide 6
    FERC Policy Revision No material impact expected to Shell Midstream Partners Non- FERC Jurisdictional Assets Total CAFD by Rate Making Methodology Amberjack Odyssey Auger Poseidon Cleopatra Proteus Crude Terminal Permian Gas…
  7. MLPA Conference – Shell Midstream Partners Lp – slide 7
    Amberjack: Unique asset, strategically positioned to capture value Amberjack Series A Constructed in 1995: GC 19 to Fourchon Near-term growth through tiebacks (5-20 kbpd prospects) 75% Ownership Amberjack Series B Newer…
  8. MLPA Conference – Shell Midstream Partners Lp – slide 8
    Key Value Drivers: Sustainable Growth, Connectivity, Market Optionality Sustainable Growth Connectivity in the Gulf of Mexico 450 400 350 300 250 0 2016 2017 2018 2019 Unique Crude Market Optionality Route Destination…
  9. MLPA Conference – Shell Midstream Partners Lp – slide 9
    Gulf of Mexico: We Remain Bullish IMPROVING ECONOMICS CONTINUED INVESTMENT 37% Key FIDs in last 12 months: Drilling efficiency improved Shells Kaikias Improving on average since 2014 BPs Mad Dog 2 Economics LLOGs Buckskin Example:…
  10. MLPA Conference – Shell Midstream Partners Lp – slide 10
    Operational Results Zydeco Mainline Throughput Volume, kbpd Offshore Throughput Volume, kbpd +7% 700 649 616 1,538 1,461 Offshore 78 1,363 600 Auger 31 471 Onshore 257 26 239 500 Poseidon 240 400 Mars 480 466 449 300 200…
  11. MLPA Conference – Shell Midstream Partners Lp – slide 11
    Financial Results from Operations Three Months Ended ( million) March 31, 2018 December 31, 2017 Revenue 99.6 126.8 Cost and Expenses 94.7 70.3 Operating Income 4.9 56.5 Income from Equity Investments 40.2 46.1 Dividend Income 24.9…
  12. MLPA Conference – Shell Midstream Partners Lp – slide 12
    Non-GAAP Financial Metrics Three Months Ended ( million except per unit amount) March 31, 2018 December 31, 2017 Adjusted EBITDA Attributable to SHLX (1) 95.8 118.7 Less: Net Interest Paid 10.6 10.3 Maintenance Capital Attributable…
  13. MLPA Conference – Shell Midstream Partners Lp – slide 13
    Balance Sheet and Liquidity ( million) As of March 31, 2018 Cash and Cash Equivalents 184.7 Total Debt Outstanding 871.3 Total Credit Facility Capacity (Inc. Zydeco) 2,390 Liquidity Available 1,516 Shell Midstream Partners…
  14. MLPA Conference – Shell Midstream Partners Lp – slide 14
    Integrated Project Delivery: Falcon and Mattox Large-scale midstream projects connected to Sponsor growth priorities FALCON ETHANE PIPELINE: 97-mile ethane supply line for Shells Pennsylvania Chemicals Project Will connect gas-rich…
  15. MLPA Conference – Shell Midstream Partners Lp – slide 15
    Shell Midstream Partners 16
  16. MLPA Conference – Shell Midstream Partners Lp – slide 16
    Shell Midstream Partners
  17. MLPA Conference – Shell Midstream Partners Lp – slide 17
    Appendix 2 Shell Midstream Partners 19

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