PEOPLE PROCESS T ECHNOLOGY Investor Presentation December 2018
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…
Diversified Portfolio of Assets in Premier Basins One of the largest U.S. NGL producers and gas processors Leading Integrated Midstream Provider 61 (1) 7.9 Integrated G&P and Logistics plants Bcf/d processing capacity(1) business…
Transformational Journey 2010* Strategy Execution 2018+ Extending Logistics & Marketing value chain Strategically growing Gathering & Processing Opportunistic consolidation/ right sizing the portfolio DCP 2.0 transformation…
Extending the Value Chain Disciplined capital allocation strategy focused on strong returns 2018 Mewbourn 3 in service 2019 OConnor 2 2020 Bighorn Processing 2018 Sand Hills expansion in service 2019 Front Range and Texas Express…
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…
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 Sand Hills expansion to 485…
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…
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%…
Trends and Outlook 2019 focused on capital allocation and execution, operational excellence and managing through a dynamic industry environment Growth Increasing Driving Operational Cash Flows Excellence Sign Posts Gathering &…
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…
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…
PEOPLE PROCESS T ECHNOLOGY Segment Overviews
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 10…
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 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 2.7 Bcf/d Third party operated…
PEOPLE PROCESS T ECHNOLOGY Financial Information
Q3 2018 Financial Position Ample liquidity and financial flexibility Distribution Stable distribution Bank Leverage (1)(2) Financial Coverage driving towards 2018 Target: 1.0x 2018 Target: 4.0x Flexibility growth Q3 common…
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…