PEOPLE PROCESS TECHNOLOGY Investor Presentation April 2019
Compelling Investor Value Proposition Integrated midstream business with geographically diverse premier asset base Broad NGL pipeline footprint with unparalleled access to fractionators along the Gulf Coast, Diversified including Mont…
Diversified Portfolio of Assets in Premier Basins One of the largest U.S. NGL producers and gas processors Leading Integrated 62,000 Midstream Provider miles of pipeline(1) Integrated Logistics & Marketing and Gathering &…
Transformational Journey 2010* Strategy Execution 2019+ 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 2019 OConnor 2 2020 Bighorn Processing 2019 Front Range and Texas Express expansions 2019 Southern Hills extension into NGLs the DJ via…
Long-Term Strategy Meeting the needs of customers through diverse and fully integrated value chain DJ Basin DJ G&P Addressing G&P, NGL and gas takeaway via Mewbourn 3, OConnor 2, Bighorn, Front Range/Texas Express, Southern Hills…
Expanding Integrated Leading DJ Basin Footprint Solving G&P, NGL and gas takeaway for our producers well into the next decade G&P Expansion adding up to 1.5 Bcf/d capacity OConnor 2 300 MMcf/d facility under construction with…
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 Increased capacity to 485 MBpd in Q4…
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…
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 TECHNOLOGY Segment Overviews
Logistics and Marketing Overview DCP Logistics Assets Growing Logistics footprint adding fee-based earnings The Logistics & Marketing segment is fee based and includes NGL pipelines, Guadalupe, marketing, storage and fractionators.…
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…
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 17
PEOPLE PROCESS TECHNOLOGY Financial Information
Q4 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 Common…
2019 Gross Margin, Sensitivities and Hedges Investments in fee-based growth coupled with hedging program provides downside protection on commodity exposed margin 2019 Adjusted Gross Margin 2019 Annual Commodity Sensitivities Before…
PEOPLE PROCESS TECHNOLOGY Appendix
Disciplined and Strategic Growth Executing strategic, lower risk growth projects at strong 5-7x target multiples with line of sight to fast volume ramp growing fee-based earnings Projects in Progress Est. Expected (MM net to DCPs…
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