Skip to main content Q2 2018 Earnings Package Presentation – Plains All American Pipeline, L.P. | Shale Experts
Loading...
Pm

Q2 2018 Earnings Package Presentation – Plains All American Pipeline, L.P.

Plains All American Pipeline, L.P. · Aug 7, 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. Q2 2018 Earnings Package Presentation – Plains All American Pipeline, L.P. – slide 1
    Second-Quarter 2018 Earnings Package Houston, TX August 7, 2018 www.plainsallamerican.com NYSE: PAA & PAGP 1
  2. Q2 2018 Earnings Package Presentation – Plains All American Pipeline, L.P. – slide 2
    2Q 2018 Overview 2Q18 Delivered 2Q18 financial and operating results ahead of Results expectations On target with leverage reduction plan Strategic Added several dozen projects to capital program to meet Initiatives producer…
  3. Q2 2018 Earnings Package Presentation – Plains All American Pipeline, L.P. – slide 3
    Significant Growth in Permian Tariff Volumes PAA Permian Tariff Volumes Long-haul Systems mb/d 4,000 +/-3,800 Adding 850mb/d of new capacity 3,734 (Cactus II, Sunrise Expansion) 3,500 3,240 3,219 1,014 2,963 3,000 2,761 Intra-basin…
  4. Q2 2018 Earnings Package Presentation – Plains All American Pipeline, L.P. – slide 4
    Announced June 12, 2018 ExxonMobil & Plains All American to Pursue Permian Pipeline Joint Venture CUSHING XOM / PAA Project Highlights FID targeted for 4Q18 Project design and commercial agreement activities underway Designed to…
  5. Q2 2018 Earnings Package Presentation – Plains All American Pipeline, L.P. – slide 5
    PAA Reported Solid 2Q18 Fee-based Results 2Q18 Fee-based Segment Adj. EBITDA: 531mm Year-over-year growth 81mm or 18% when adjusting for impact of asset sales 2Q18 vs. 2Q17 fee-based Segment Adj. EBITDA Fee-Based Segment Adj. EBITDA…
  6. Q2 2018 Earnings Package Presentation – Plains All American Pipeline, L.P. – slide 6
    2018 Financial & Operating Guidance PAA Guidance August 7, 2018 (Press Release Excerpt) 2018(G) Key Metrics Twelve Months Ended December 31, (in millions) 2016 2017 2018 (G) +/- Adj. EBITDA: +/-2.4 billion Segment Adjusted…
  7. Q2 2018 Earnings Package Presentation – Plains All American Pipeline, L.P. – slide 7
    Deleveraging Plan Remains On Track (announced August 2017) Combination of debt reduction & growth in fee-based Adjusted EBITDA PAA is committed to its financial strategy & targeted metrics PAA Debt & Leverage Ratios ( billions)…
  8. Q2 2018 Earnings Package Presentation – Plains All American Pipeline, L.P. – slide 8
    2018 / 2019 Capital Program Update ( billions) PAA Expansion Capital Summary PAAs 2018 / 2019 Capital Program 2.0 1.95 (80% Permian focused) includes: 1.8 1.6 1.40 Cactus II PAA ownership of 65%; capital 1.4 1.2 1.14 investment…
  9. Q2 2018 Earnings Package Presentation – Plains All American Pipeline, L.P. – slide 9
    On Track to Executing 2018 Goals 2018 Goals: Status 1. Run a safe, reliable, and responsible operation On Track 2. Meet or exceed 2018 operating and financial guidance On Track 3. Progress deleveraging plan for return to targeted…
  10. Q2 2018 Earnings Package Presentation – Plains All American Pipeline, L.P. – slide 10
    Highlights of 2Q18 Earnings Conference Call Constructive Permian Fundamentals Production growth in-line with PAAs exit-rate forecast PAA tariff volumes ramping Solid Execution in 2Q18 Delivered results ahead of expectations On…
  11. Q2 2018 Earnings Package Presentation – Plains All American Pipeline, L.P. – slide 11
    Appendix www.plainsallamerican.com NYSE: PAA & PAGP 12
  12. Q2 2018 Earnings Package Presentation – Plains All American Pipeline, L.P. – slide 12
    PAA Capitalization & Liquidity Capitalization (in billions) 9/30/2017 12/31/2017 3/31/2018 6/30/2018 Short-term Debt (Primarily Hedged Inventory) 0.9 0.7 0.8 0.9 Long-term Debt 10.5 9.2 9.1 9.0 Partners' Capital 10.3 11.0 11.0…
  13. Q2 2018 Earnings Package Presentation – Plains All American Pipeline, L.P. – slide 13
    PAA 2Q18 Fee-Based Segment Overview Segment Adj. EBITDA ( millions) Transportation Facilities(1) 360 335 298 180 185 171 2Q17 1Q18 2Q18 2Q17 1Q18 2Q18 Volumes & Segment Adj. EBITDA / Barrel (Thousands of Barrels / Day)…
  14. Q2 2018 Earnings Package Presentation – Plains All American Pipeline, L.P. – slide 14
    Condensed Consolidating Balance Sheet of Plains GP Holdings (PAGP) June 30, 2018 December 31, 2017 Consolidating Consolidating ( millions) PAA Adjustments (1) PAGP PAA Adjustments (1) PAGP ASSETS Current assets 3,852 3 3,855 4,000…
  15. Q2 2018 Earnings Package Presentation – Plains All American Pipeline, L.P. – slide 15
    Select PAA Pipeline Debottlenecking Projects Sunrise Expansion: 1Q19 adds up to 500 mb/d (gross) Wink to Midland: COLORADO June 18 adds 200 mb/d CITY El Mar to Wink: 1Q19 adds 500 mb/d MIDLAND ORLA WINK Wink to…
  16. Q2 2018 Earnings Package Presentation – Plains All American Pipeline, L.P. – slide 16
    PAAs Permian Long-Haul System Capacity Including expansions & certain potential expansions (map reflects gross capacity) Potential Sunrise Phase III (24) --2018 Investor Day Excerpt-- Wichita Falls to Cushing +500 mb/d Sunrise…
  17. Q2 2018 Earnings Package Presentation – Plains All American Pipeline, L.P. – slide 17
    www.plainsallamerican.com NYSE: PAA & PAGP 18

From the store

Browse maps, data & reports in the Shale Experts store