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Wells Fargo Midstream and Utility Symposium – DCP Midstream LP

DCP Midstream LP · Dec 4, 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. Wells Fargo Midstream and Utility Symposium – DCP Midstream LP – slide 1
    PEOPLE PROCESS T ECHNOLOGY Investor Presentation December 2018
  2. Wells Fargo Midstream and Utility Symposium – 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. Wells Fargo Midstream and Utility Symposium – 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 61 (1) 7.9 Integrated G&P and Logistics plants Bcf/d processing capacity(1) business…
  4. Wells Fargo Midstream and Utility Symposium – DCP Midstream LP – slide 4
    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…
  5. Wells Fargo Midstream and Utility Symposium – 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 Processing 2018 Sand Hills expansion in service 2019 Front Range and Texas Express…
  6. Wells Fargo Midstream and Utility Symposium – 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. Wells Fargo Midstream and Utility Symposium – 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 Sand Hills expansion to 485…
  8. Wells Fargo Midstream and Utility Symposium – 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. Wells Fargo Midstream and Utility Symposium – 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. Wells Fargo Midstream and Utility Symposium – DCP Midstream LP – slide 10
    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 &…
  11. Wells Fargo Midstream and Utility Symposium – DCP Midstream LP – slide 11
    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…
  12. Wells Fargo Midstream and Utility Symposium – DCP Midstream LP – slide 12
    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…
  13. Wells Fargo Midstream and Utility Symposium – DCP Midstream LP – slide 13
    PEOPLE PROCESS T ECHNOLOGY Segment Overviews
  14. Wells Fargo Midstream and Utility Symposium – DCP Midstream LP – slide 14
    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…
  15. Wells Fargo Midstream and Utility Symposium – DCP Midstream LP – slide 15
    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
  16. Wells Fargo Midstream and Utility Symposium – DCP Midstream LP – slide 16
    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% 1,400 425 283 Southern Hills…
  17. Wells Fargo Midstream and Utility Symposium – DCP Midstream LP – slide 17
    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…
  18. Wells Fargo Midstream and Utility Symposium – DCP Midstream LP – slide 18
    PEOPLE PROCESS T ECHNOLOGY Financial Information
  19. Wells Fargo Midstream and Utility Symposium – DCP Midstream LP – slide 19
    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…
  20. Wells Fargo Midstream and Utility Symposium – DCP Midstream LP – slide 20
    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…
  21. Wells Fargo Midstream and Utility Symposium – DCP Midstream LP – slide 21
    PEOPLE PROCESS T ECHNOLOGY Appendix
  22. Wells Fargo Midstream and Utility Symposium – DCP Midstream LP – slide 22
    Ownership Structure Large, Supportive Owners Baa2 / BBB+ / BBB+ (1) A3 / BBB+ / NR(1) (NYSE:PSX) (NYSE:ENB) 65 billion 118 billion enterprise enterprise value (2) DCP Midstream, LLC value (2) 50% (owner of GP) 50% 36.1%…

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