Barclays CEO Energy-Power Conference September 4-6, 2018 www.plainsallamerican.com NYSE: PAA & PAGP 1
Discussion Outline Constructive Industry Fundamentals & Growth Outlook Market is balancing, U.S. leading the growth Highly Integrated Asset Base & Business Model Linking key supply & demand markets Solid Fee-based Growth…
Over Past 20+ Years, Developed One of the Largest and Most Integrated Midstream Systems in North America PAAs Crude Oil Value Chain Legend Plains Current Profile Volumes Handled(1): 5.7 mmb/d Transportation 1.2 mmb/d Supply &…
Constructive Macro Fundamentals: Visibility to Market Balance Driven by robust global demand growth mmbbls OECD Commercial Oil Stocks Inventories Declining Monthly Inventory Historical 5-Yr Rolling Avg. Significant acceleration of…
U.S. Leading World in Liquids Growth (1) Permian Basin alone projected to surpass Iraq Projected World Liquids Production: 103 mmb/d as of December 2019 U.S. & Canada = 25 mmb/d 55% of U.S. Liquids Growth is driven by the Permian…
Well Positioned to Service Crude Oil Production Growth Across Key North American Basins Western Canada Williston mb/d mb/d 6,000 2,000 1,400 1,700 4,700 1,500 4,000 1,000 2,000 500 0 0 YE YE YE YE 2017 2023 2017 2023…
Permian Drilled but Uncompleted Wells (DUCs) Supports Visibility for Continued Production Growth Permian Basin: PAAs largest asset Wells Permian Drilling vs. Completions concentration, highest operating leverage DUC inventory levels:…
Integrated Asset Base & Business Model: Unmatched Regional Interconnectivity, Capabilities & Market Access Arrows illustrate future capacity additions Patoka Under Construction PAA Provides: Various Stages of Planning 1. Flow…
Permian Long-Haul: Recent / Pending Investments Extend Reach, Enhance Market Access & Further Optimize Existing System Cushing Sunrise Expansion (Ph. I & II) Current Pipeline Capacity (1) Gathering: 2 mmb/d Capacity: 500 mb/d (24)…
Permian Gathering & Intra-Basin Systems Significant Capacity Expansions Underway Sunrise Expansion COLORADO CITY El Mar to Wink to Midland Wink WINK MIDLAND ORLA Wink to McCamey Crane to McCamey CRANE MCCAMEY…
Continue to Deliver Significant Permian System Expansion / Volume Growth Continued growth in tariff PAA Permian Tariff Volumes (Historical / Guidance) volumes across PAAs mb/d Permian System 4,000 +/- 3,800 3,734 3,500 3,219 3,240…
80% of 2.6 billion 2018/2019 Growth Capital Program Focused in the Permian Basin Aug. 2018 increased 2018/2019 capital program650mm, primarily driven by Permian infrastructure demand 2018/2019 Capital Program Mix Permian Take-away…
Solid Fee-Based Growth Through the Cycle Increasing Momentum into 2019 Drivers of PAAs fee-based growth visibility: L48 Onshore Run-rate benefit of completed projects & realized volume growth Crude Oil Segment Production Additional…
Deleveraging Status & Recent Developments PAA On Track to Achieve Deleveraging Target in IH19 Expect to achieve targeted leverage ratio by holding debt relatively flat & PAA Debt Profile & Leverage Ratios growing Adj. EBITDA (…
Distribution Management Status Report Upon completion of deleveraging plan in 1H19, expect to be in position to increase distribution Potentially as soon as the 1Q19 distribution payable May 2019 Factors Management and the Board…
Closing Thoughts / Key Takeaways Constructive Industry Fundamentals & Growth Outlook Highly Integrated Asset Base & Business Model Unmatched regional interconnectivity, capabilities & market access Solid Fee-based Growth…
Barclays CEO Energy-Power Conference September 4-6, 2018 www.plainsallamerican.com NYSE: PAA & PAGP 18
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