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…
Commitments Delivered since 2014 all while Maintaining our Distribution Contract Lowered Realignment Cost Base Increased and stabilizing cash flow Contract realignment 235 million System Growth in fee-based assets to 60%…
Diversified Portfolio of Assets in Premier Basins One of the largest U.S. NGL producers and gas processors Leading Integrated Midstream Provider 61 (1) 7.8 Must-run business with high plants Bcf/d processing capacity(1) Antrim…
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 7
Logistics and Marketing Overview DCP Logistics Assets Approx. System Approx. Gross Throughput Net Pipeline Length Capacity Capacity Pipeline % Owned (Miles) (MBbls/d) (MBbls/d)(1) Sand Hills 66.7% 1,300 285(2) 190 Southern…
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…
Growth Focus Est Target 1.5-2 billion of strategic growth Current and Potential Growth Capex MM net to in Projects Status Service projects around our footprint DCPs interest Logistics & Marketing Growth Logistics & Marketing:…
DJ Basin Strategy Premier integrated midstream position in the DJ Basin life-of-lease contracts with minimum volume commitments and margin requirements underpinning investments Continued strong partnership with producers to execute…
Financial Information 13
Hedging Reducing Commodity Volatility via Hedging Hedges by Commodity as of 12/29/17 Preliminary 2018 Gross Margin Hedge position 2018 Commodity NGLs hedged(1) (Bbls/d) 16,068 Unhedged Average price (/gal) 0.60 25% Natural Gas…
Liquidity and Flexibility Focused on Delevering 4.3x bank facility leverage ratio(1) as of September 30, 2017 o Improved leverage down 0.3x since Q1 2017 Ample Liquidity 312 million cash on hand as of September 30, 2017 1.4…
2018+ Outlook and Financial Priorities Increased reliability and operational efficiencies Key 2018+ Financial Targets Line of sight to accretive EBITDA growth from announced projects Volume growth in key regions 1 2 Flexible…
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…
IDR Giveback providing downside protection Strong owner support via Incentive Distribution Right (IDR) giveback provides three year hedge against lower commodity prices Forward thinking IDR structure GP provides up to 100 million…
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