Investment Highlights Strong Balance Sheet Targeting Significant 3.5x-4.0x Premier Revenue from Debt/EBITDA Assets in the Capacity Marcellus / Reservation Utica Charges Revenue 1.2x EQM Backed by Coverage Ratio Long-term…
Transmission and Storage Assets Assets Overlay Prolific Nat Gas Play Equitrans Transmission & Storage 4.4 Bcf/d current capacity 950 mile FERC-regulated interstate pipeline 43 Bcf of working gas storage capacity Ohio Valley…
Gathering Assets Integrated asset footprint across core Marcellus & Utica development areas OH Utica Gathering 150 miles high pressure pipeline 31,000 HP compression 5-year Minimum Volume Commitment PA Marcellus Gathering from…
Water Assets Complementary service with significant growth potential Provides full service sourcing and hauling for drilling and completion activities Approximately 140 miles of fresh water pipelines* Fresh water access via major…
Growth Strategies Expand Supply Hub Connect Supply and Demand Leverage existing asset footprint to expand Extend network to connect supply hub to growing Marcellus/Utica supply hub demand markets Gathering 6.6 Bcf/d* Assets…
Near Term Growth Driven by Firm Projects Backlog includes 3.27 B of investments in projects backed by firm commitments Expected EQM Capital Estimated Annual Firm Project In-Service Date (MM) Project EBITDA (MM)*** MM Run Rate…
Growth Strategy Supply Hub Marcellus / Utica basin becoming the leading supply source in the U.S. Marcellus / Utica Supply Growth* Assets Overlay Heart of Marcellus 50 45 40 35 30 Bcf/ d 25 20 15 10 5 - 2011…
Growth Strategy Supply Hub Hammerhead Pipeline Project Project Scope Hammerhead Map Gathering header pipeline 64-mile pipeline from Southwestern PA to Mobley WV Aggregate supply from several existing PA gathering systems and…
Growth Strategy Extend Pipeline Network Supply / demand dynamics creating new opportunities Regional Supply/Demand Balance* Access to Multiple Markets Market Takeaway Pipelines Shifting market dynamics requires new Northeast…
Growth Strategy Extend Pipeline Network Mountain Valley Pipeline Overview Project Map Pipeline to growing natural gas demand market in southeast U.S. 300-mile FERC-regulated pipeline 42 pipe diameter 4.6 B estimated project cost Q4…
Growth Strategy Extend Pipeline Network MVP Southgate Overview MVP Southgate Map Demand pull pipeline project from MVP 70-mile extension to North Carolina 350 - 500 MM total estimated capital PSNC Energy is anchor shipper with 300…
Distribution Growth EQM EQGP 1.20 0.35 1.2x coverage trailing 12-months 1.115 1.0x target coverage 0.315 1.065 0.30 1.00 0.980 0.890 0.258 0.25 0.815 Distributions per unit Distributions per unit 0.228 0.80 0.745…
Strong Cash Flow Profile and Balance Sheet Predictable and growing cash flows Long-term fixed-fee firm contracts 93% transmission revenue and 45% of gathering revenue from firm reservation fees in Q3 2018 15-year weighted average…
Investment Highlights Strong Balance Sheet Targeting Significant 3.5x-4.0x Premier Revenue from Debt/EBITDA Assets in the Capacity Marcellus / Reservation Utica Charges Revenue 1.2x EQM Backed by Coverage Ratio Long-term…
Appendix
Post-Spinoff Structure 276.0 MM LP units 91.3% ownership 8.7% 15.4 MM LP units ownership 12.7% ownership Public 21.8 MM LP units 1.4 MM GP units 19.1% ownership 100% IDR 68.2% ownership Public 21
EQM Capitalized for Growth Targeting 3.5x 4.0x Debt to EBITDA Current ratings BBB- (S&P) BBB- (Fitch) Ba1 (Moodys) 1.2x distribution coverage ratio over trailing 12-months EQM Coverage Ratio includes RMP Distributable Cash…
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