PEOPLE PROCESS TECHNOLOGY Investor Presentation May 2018
Key Investment Highlights Diversified Integrated midstream business with competitive footprint and geographic diversity Portfolio of Industry leading positions in the DJ Basin, Northern Delaware of the Permian, the Assets in Premier…
Diversified Portfolio of Assets in Premier Basins One of the largest U.S. NGL producer and gas processors Leading Integrated Midstream Provider 60 (1) 7.7 Must-run business with high plants Bcf/d processing capacity(1) quality…
Extending the Value Chain Disciplined capital allocation strategy 5-7x focused on strong returns 2018 Mewbourn 3 multiple 2019 OConnor 2 2020 DJ Plant 12 Processing 2-7x 2018 Sand Hills expansion multiple 2019 Front Range…
Extending Integrated DJ Basin Infrastructure Expanding leading DJ Basin footprint Solving G&P, NGL and gas takeaway for one of the top basins in the country the DJ Basin well into the next decade G&P Expansion adding up to 1.5 Bcf/d of…
Expanding Permian Logistics Footprint Extending Logistics value chain with Sand Hills leverages the entire Permian with fee-based projects in the Permian lower risk and higher returns Sand Hills NGL Pipeline expansion Completed…
Sand Hills Expanding Fast Sand Hills bringing on more capacity at a faster pace, without incremental capital Sand Hills Capacity Growth MBpd 4 485 Q118 +60 3 utilization 95% +25 2 1 +35 5-7x multiple 400 Expanding Permian…
Disciplined and Strategic Growth Executing strategic, lower risk growth projects at 2-7x multiples with line of sight to fast volume ramp growing fee-based earnings Projects in Progress Est. Expected (MM net to DCPs interest) Est.…
DCP 2.0 Driving the Operations of the Future Financial data SCADA Contracts and DCS ICC Real-time Engineering prices data KPIs INTEGRATED COLLABORATION CENTER (ICC) LINKING NUMEROUS DATA SOURCES Integrated…
Summary of Investment Highlights Proven track record of delivering on commitments sets foundation for continued disciplined growth and strong strategy execution Diversified Strengthening Portfolio of Balance Sheet Assets in Premier…
PEOPLE PROCESS TECHNOLOGY Segment Overviews
Gathering and Processing Overview North Assets Permian Assets Midcontinent Assets South Assets Asset type Fractionator & Plant Natural Gas Plant NGL Pipeline Natural Gas Pipeline DJ Basin Permian SCOOP/STACK Eagle Ford 9…
Strong Producer Customers in Key Basins DJ Basin (North) Midcontinent Permian South Volume and margin portfolio supported by long term agreements with diverse high quality producers in key producing regions 14
NGL Pipeline Customers Customer centric NGL pipeline takeaway providing open access to premier demand markets along the Gulf Coast and at Mont Belvieu Legend: Southern Hills DCP operated Connects to 2.6 Bcf/d Third party operated…
PEOPLE PROCESS TECHNOLOGY Financial Information
Q1 2018 Financial Position Financial Priorities Q1 2018 & Actual 2018 Guidance 1 Bank leverage(1) 3.8x Ample liquidity and financial flexibility 4.0x 3.8x bank facility leverage ratio(1)(2) Ample liquidity with 1.3 billion…
2018 Gross Margin, Sensitivities and Hedges Investments in fee-based growth coupled with multi-year hedging program provides downside protection on commodity exposed margin 2018 Gross Margin 2018 Annual Commodity Sensitivities After…
2018 Guidance ( in Millions) 2018 Guidance 2018 Assumptions Higher Sand Hills volumes, earnings and distributions (1) Adjusted EBITDA 1,045-1,135 associated with expansions placed in service Higher G&P volumes and margins across…
2017 to 2018 DCF Guidance Drivers Growth, price and efficiencies offsetting UPSIDE POTENTIAL TO FORECAST Discovery and increased financing costs Additional MM volumes 670+ Ethane recovery 30-40 Accelerating DCP 2.0 Growth…
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