Enable Midstream Partners, LP First Quarter 2019 Investor Presentation
Contents 1. Enable Midstream Overview 2. Gathering and Processing Segment Overview 4. Transportation and Storage Segment Overview 5. Appendix 4
Enable Midstream Overview
Fully Integrated Midstream Platform Across Leading Basins Significant scale: 7,800 miles of interstate pipelines1, 2,300 miles of intrastate pipelines, 13,900 miles of gathering systems, 15 major processing plants with 2.6 Bcf/d of…
2018: Another Great Year of Performance 4.48 485 Volumes 3.56 400 Earnings in millions 3.13 290 TBtu/d Natural Gas Gathered Net Income Attrib. to Common approximately approximately +43% since 2016 +67% since 2016 2016…
Financially Strong and Disciplined Focused on Cost Discipline Primarily Fee-based Margin Profile2 Significant Outperformance 1,800 1,600 37% 1,612 38% 37% 96% Fee- Based or 94.3% +64% over S&P 500 1,422 4% 36% 8% Hedged…
Gulf Run Pipeline Update On Feb. 5, 2019, Enable announced that Golden Signing Ceremony with Golden Pass Pass LNG, a joint venture between affiliates of Qatar Petroleum and ExxonMobil Corporation, is the cornerstone shipper for the…
G&P Segment Highlights Rig activity remains strong around Enables gathering footprint with 54 29 STACK rigs1 currently drilling wells expected 9 54 SCOOP Granite Wash to be connected to Enables Active Rigs on Ark-La-Tx 3 Enables…
T&S Segment Highlights Contracted or extended over 2 million 1 System Map dekatherms per day (Dth/d) of transportation capacity during 2018 Enable to provide over 550,000 Dth/d of firm transportation capacity to OG&E on the EOIT…
Strong Momentum Expected to Continue in 2019 2019 will see full-year impacts from the Wildcat, CaSE and Muskogee projects Crude business growth expected in 2019 as a result of the recent Anadarko Basin acquisition and Williston Basin…
Appendix Gathering and Processing Segment Overview
Anadarko Basin System Highlights System Map1,2,3 Enable serves over 200 producers in the Anadarko Basin and has secured 5.4 million gross acres of dedication 1 under long-term, fee-based contracts Strong rig activity continues in…
Ark-La-Tex Basin System Highlights System Map3 Enable serves over 100 producers in 1,800 miles 160,200 horsepower of compression the Ark-La-Tex Basin and provides 3 processing plants 0.645 Bcf/d processing capacity…
Arkoma Basin System Highlights System Map3 Enable serves over 80 producers in the 3,000 miles 142,900 horsepower of compression Arkoma Basin and provides gathering 1 processing plant 0.06 Bcf/d processing capacity and processing…
Williston Basin 2 System Highlights System Map Fee-based contract structures, including some support from crude oil gathering contracts with minimum volume commitment features XTO Energy, Enables customer in the Bakken, has three…
Appendix Transportation and Storage Segment Overview
Transportation and Storage Segment System Map and Highlights Transportation and Storage Gross Margin1 100% Derived from 88% Derived from EOIT Fee-Based Contracts Firm Contracts MRT 13% 100% EGT Fee-Based 54% EOIT 21% EGT…
Enable Gas Transmission (EGT) Pipeline Highlights Pipeline Map2 1 5,900-mile interstate pipeline serving the 5,900 miles 6.0 Bcf/d capacity Anadarko, Ark-La-Tex and Arkoma Basins 29.0 Bcf storage capacity EGTs primary customers…
Mississippi River Transmission (MRT) Pipeline Highlights Pipeline Map2 1 1,600-mile interstate pipeline that offers shippers competitive rates and is interconnected to diverse supply points MRTs primary customers are utilities and…
Enable Oklahoma Intrastate Transmission (EOIT) Pipeline Highlights Pipeline Map2 Interconnects natural gas supply from the 2,300 miles 2.08 TBtu/d average throughput Anadarko and Arkoma Basins to Enables 24.0 Bcf storage capacity EGT…
Southeast Supply Header (SESH) Pipeline Highlights Pipeline Map2 290-mile1 interstate natural gas 50% JV with Enbridge Inc. 290 miles pipeline that runs from the Perryville 1.09 Bcf/d capacity Hub in northeastern Louisiana to…
Appendix Appendix
Enable Ownership Structure Note: Structure as of Dec. 31, 2018 25
Large, Diverse and High-Quality Customer Base Enables revenues are strengthened by a diverse, high-quality customer base, including many investment-grade or affiliates of investment-grade companies Many of our customers rely on us for…
2019 Outlook 2019 outlook provided Nov. 7, 2018, reaffirmed Feb. 19, 2019 2019 Operational Outlook 2019 Financial Outlook in millions Natural Gas Gathered Volumes (TBtu/d) 4.3 4.9 Net Income Attributable to Common Units 435 505…
Derivative Activity and Price Sensitivities Derivative Activity ( in millions) Hedging Summary3 Year-Ended Dec. 31 Commodity 2019 2020 Natural Gas (NYMEX) 2018 2017 Exposure Hedged (%) 57% 4% Gain (Loss) on Derivative Activity 11…
Financial Results Financial Results Quarter over Quarter Year over Year Q4-18 Q4-17 % Change FY2018 FY2017 % Change in millions, except per-unit and ratio data Total Revenues 950 806 18% 3,431 2,803 22% Gross Margin1 466 361 29%…
Gathering and Processing Segment Results Operational Results Quarter over Quarter Year over Year Q4-18 Q4-17 % Change FY2018 FY2017 % Change Gathered Volumes (TBtu/d) 2.38 1.99 20% 2.21 1.81 22% Anadarko Processed Volumes…
Transportation and Storage Segment Results Operational Results Quarter over Quarter Year over Year Q4-18 Q4-17 % Change FY2018 FY2017 % Change Transported Volumes (Tbtu/d) 5.72 4.95 16% 5.56 5.04 10% Interstate Firm Contracted…
Consolidated Statements of Income Three Months Ended December 31, Year Ended December 31, 2018 2017 2018 2017 2016 (In millions, except per unit data) Revenues (including revenues from affiliates): Product sales 609 517 2,106 1,653…
2019 Forward Looking Non-GAAP Reconciliation 2019 Outlook (In millions) Reconciliation of Adjusted EBITDA and distributable cash flow to net income attributable to limited partners and calculation of Distribution coverage ratio: Net…
2019 Forward Looking Non-GAAP Reconciliation Continued 2019 Outlook (In millions) Reconciliation of Adjusted interest expense to Interest expense: Interest expense, net of interest income 190 - 210 Amortization of premium on…
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