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August 2018 Investor Presentation – DCP Midstream LP

DCP Midstream LP · Aug 30, 2018 · 22 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. August 2018 Investor Presentation – DCP Midstream LP – slide 1
    PEOPLE PROCESS TECHNOLOGY Investor Presentation August 2018
  2. August 2018 Investor Presentation – DCP Midstream LP – slide 2
    Strategy Execution Integrated midstream business with competitive footprint and geographic diversity Diversified Industry leading positions in the DJ Basin, Northern Delaware of the Permian, the Portfolio of SCOOP area of the…
  3. August 2018 Investor Presentation – DCP Midstream LP – slide 3
    Diversified Portfolio of Assets in Premier Basins One of the largest U.S. NGL producers and gas processors Leading Integrated Midstream Provider 60 (1) 7.7 Integrated G&P and Logistics plants Bcf/d processing capacity(1) business…
  4. August 2018 Investor Presentation – DCP Midstream LP – slide 4
    Transformational Journey 2010 Strategy Execution 2018+ Extending Logistics and Marketing value chain Strategically growing Gathering and Processing Opportunistic consolidation/ right sizing the portfolio Transforming people,…
  5. August 2018 Investor Presentation – DCP Midstream LP – slide 5
    Extending the Value Chain Disciplined capital allocation strategy focused on strong returns 2018 Mewbourn 3 in service 2019 OConnor 2 2020 Bighorn plant 12 Processing 2018 Sand Hills expansion 2019 Front Range and Texas Express…
  6. August 2018 Investor Presentation – DCP Midstream LP – slide 6
    Extending Integrated DJ Basin Infrastructure Expanding leading DJ Basin footprint Solving G&P, NGL and gas takeaway for our producers well into the next decade Cheyenne Connector G&P Expansion adding up to 1.5 Bcf/d capacity…
  7. August 2018 Investor Presentation – DCP Midstream LP – slide 7
    Expanding Permian Logistics Footprint Extending Logistics value chain with fee-based projects Sand Hills leverages the entire Permian with lower risk and higher returns Sand Hills NGL Pipeline Expansion Increased capacity to 425…
  8. August 2018 Investor Presentation – DCP Midstream LP – slide 8
    Extending Logistics Value Chain via Sweeny Option to expand DCPs fractionation network into Sweeny Hub in partnership with Phillips 66 Connecting growing NGL production Strategic Rationale from key basins to Gulf Coast Extending value…
  9. August 2018 Investor Presentation – DCP Midstream LP – slide 9
    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. 100%…
  10. August 2018 Investor Presentation – DCP Midstream LP – slide 10
    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…
  11. August 2018 Investor Presentation – DCP Midstream LP – slide 11
    Summary of Investment Highlights Proven track record of delivering on commitments sets foundation for continued disciplined growth and strong strategy execution Extending Integrated Value Chain Integrated Midstream Provider with…
  12. August 2018 Investor Presentation – DCP Midstream LP – slide 12
    PEOPLE PROCESS TECHNOLOGY Segment Overviews
  13. August 2018 Investor Presentation – DCP Midstream LP – slide 13
    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…
  14. August 2018 Investor Presentation – DCP Midstream LP – slide 14
    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 15
  15. August 2018 Investor Presentation – DCP Midstream LP – slide 15
    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% 1,300 415(2) 277 Southern…
  16. August 2018 Investor Presentation – DCP Midstream LP – slide 16
    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…
  17. August 2018 Investor Presentation – DCP Midstream LP – slide 17
    PEOPLE PROCESS TECHNOLOGY Financial Information
  18. August 2018 Investor Presentation – DCP Midstream LP – slide 18
    Q2 2018 Financial Position Ample Liquidity and Financial Flexibility 3.6x bank facility leverage ratio(1)(2) Financial Priorities Q2 2018 & Actual Ample liquidity with 1.25 billion available on bank facility(2) 2018 Guidance…
  19. August 2018 Investor Presentation – DCP Midstream LP – slide 19
    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 Before…
  20. August 2018 Investor Presentation – DCP Midstream LP – slide 20
    2018 Updated Guidance 2018 Updated Guidance ( in Millions) 2018 Assumptions Higher Sand Hills volumes, earnings and (1) Adjusted EBITDA 1,065-1,135 distributions associated with expansions placed in service Distributable Cash Flow…
  21. August 2018 Investor Presentation – DCP Midstream LP – slide 21
    PEOPLE PROCESS TECHNOLOGY Appendix
  22. August 2018 Investor Presentation – DCP Midstream LP – slide 22
    Ownership Structure Large, Supportive Owners Baa2 / BBB+ / BBB+(1) A3 / BBB+ / NR(1) (NYSE:PSX) (NYSE:ENB) 64 billion 122 billion enterprise enterprise value(2) DCP Midstream, LLC value(2) 50% (owner of GP) 50% 36.1% Common…

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