Skip to main contentBarclays Investment Grade Energy and Pipeline Corporate Days – Boardwalk Pipeline Partners, Lp Investor Presentation | Shale Experts
Barclays Investment Grade Energy & Pipeline Corporate Days March 6-7, 2019 Photo of North Houston Compressor Station, February 2019
Boardwalk Asset Map Boardwalk primarily transports and stores natural gas and liquids for its customers. Boardwalk 2018 Operational Highlights Natural Gas Liquids Utica & Marcellus Pipelines 13,805 miles 425 miles Shales Throughput…
Boardwalk Strategy Leverage Identify and Strengthen Optimize Strategic Growth Existing Assets Asset Base Opportunities Attach new end-use markets Identify and implement Explore acquisitions and and supply sources optimal uses for…
Major Growth Projects Placed in Service These projects provide more than 2.9 Bcf/d of natural gas transportation capacity and additional natural gas liquids transportation and storage. All projects executed on time and within budget…
Current Natural Gas Projects Collectively, these projects represent 375 million in growth capital and over 1.2 Bcf/d of firm transportation capacity. Three Proposed Power Plants Louisiana Power Plant: 200,000 MMBtu/d of firm…
Current Boardwalk Louisiana Midstream and Evangeline Projects Our Boardwalk Louisiana Midstream and Evangeline assets are well situated to provide ethylene transportation and storage services to accommodate forecasted supply and…
Recontracting Efforts Actively selling capacity on Gulf Crossing and Gulf South expansion pipelines Changing market fundamentals in the Fayetteville shale play prompted a restructuring of related contracts that extended maturity date…
Financial Highlights Revenue Profile for Last Twelve Months Ended December 31, 2018* Substantially a long-term, fixed-fee revenue base, backed by contracts INTERRUPTIBLE FIRM CONTRACTS Services & Other with primarily…
Liquidity Measures Boardwalk has enhanced liquidity position by executing self-funded financing strategy. Near-term Debt Maturity Schedule Long-Term Debt, net of Cash (as of December 31) (as of December 31, 2018) 500 3,700 450…
Capitalization December 31, Adjustments for December 31, ( in millions, except ratio data) 2017 2018 Activities 2018 Debt: Boardwalk 5.20% Notes due Jun 2018 185 (185) - Boardwalk 5.75% Notes due Sep 2019 350 - 350 Texas Gas 4.50%…
Industry Information Photo of North Houston Compressor Station, February 2019
Natural Gas Supply & Demand Continues to Grow By 2029, U.S. Supply and Demand is forecasted to grow by 20 Bcf/d U.S. Production and Imports by Region U.S. Demand by Industry 140 140 120 120 100 100 Consumption (Bcf/d) 80…
U.S. Demand Forecast: LNG Exports Total Gulf Coast LNG Export Capacity (Bcf/d) Bcf/d Approved Proposed LNG Facilities Proposed Existing (Under & Not Under (Pending by Location (Pre-filing) Construction) Application) Texas - 6.4…
U.S. Demand Forecast: Power Plants POWER PLANTS We are directly connected to 42 natural-gas-fired power generation facilities. Natural gas-fired power plants: Directly connected to Boardwalk system Off System plants that Boardwalk…
U.S. Demand Forecast: Industrials INDUSTRIALS We provide approximately 185 industrial facilities with a combination of firm and Forecasted Industrial Demand Growth(b) interruptible natural gas and liquids 4.5 From 2019…
Expected Flows Driven By U.S. Production Increases Direction of Flow Please note that size of arrow is indicative of the amount of future gas flow. (a)Wood Mackenzie North American Natural Gas Long-Term View (Fall, 2018) 17 17
Changing Flow Patterns Impacting Basis Spreads to Henry Hub DOMINION SOUTH LEGEND POINT (0.64) Average Annual Spread (0.48) 0.02 0.31 2022 2018 2012 2009 CENTERPOINT EAST (0.28) (0.18) (0.09) (0.62) WAHA (0.07) KOSCI…
Key Supply Basins: Production and Rig Counts Marcellus/Utica Fayetteville Texas Gas Texas Gas SCOOP/STACK/Cana Woodford Eagle Ford Boardwalk Texas Gulf Crossing Intrastate Bcf/d Barnett Haynesville Gulf…
Appendix Photo of North Houston Compressor Station, February 2019
Loews Corporation Subsidiary Boardwalk Pipeline Partners is a wholly-owned subsidiary of Loews Corporation, a large diversified public company with five key operating subsidiaries in insurance, energy, luxury lodging and packaging On…
Boardwalk Organizational Structure As of December 31, 2018 Loews Corporation 100% Ownership Boardwalk Pipeline Partners, LP Boardwalk Pipelines, LP Texas Gas Gulf Crossing Pipeline Gulf South Pipeline Company, Boardwalk…
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