OPERATIONS REPORT FIRST QUARTER 2019 RESULTS April 30, 2019
INDEX Differentiated Midstream Platform.........................4 1Q19 Key Messages and Financial Results..5 Purposely Built Strategic Asset Platform..............7 Execution Excellence Driven by Strong People & Culture...11…
ENLINK: DIFFERENTIATED MIDSTREAM PLATFORM BUILT FOR LONG-TERM, SUSTAINABLE VALUE CREATION Purposely Built Strategic Execution Excellence Driven Asset Platform by Strong People & Culture Disciplined, intentional, Strong capabilities…
DIFFERENTIATED PLATFORM DRIVES BUSINESS PERFORMANCE DEMONSTRATING SUSTAINABLE VALUE CREATION AND DIVERSIFIED CASH FLOWS PLATFORM DRIVING HIGH RETURN STRONG BUSINESS PERFORMANCE LARGE, INTEGRATED ASSET PLATFORM OPPORTUNITIES 1Q19 cash…
1Q19 SUMMARY RESULTS AND 2019 FINANCIAL OUTLOOK REAFFIRMED COMPANY LEVEL FINANCIAL 2019 GUIDANCE RANGES, WITH THE EXCEPTION OF NET INCOME, BASED UPON STRONG 1Q19 1Q19 ACTUALS 2019 GUIDANCE Net Loss, Revised Net Income, (135) 18 -…
Purposely Built Strategic Asset Platform DISCIPLINED, INTENTIONAL, PROACTIVE APPROACH
LARGE, INTEGRATED ASSET PLATFORM PREMIER PRODUCTION BASINS CONNECTED TO KEY DEMAND CENTERS Anadarko Basin Marcellus / Utica SUSTAINABILITY & GROWTH DRIVERS 1,450 20 5.0 EMPLOYEES OPERATING PROCESSING BCF/D PROCESSING Barnett…
DIFFERENTIATED PLATFORM DRIVES BUSINESS PREMIER PRODUCTION BASINS CONNECTED TO KEY DEMAND CENTERS PRODUCTION BASINS DEMAND CENTERS OKLAHOMA PERMIAN NORTH TEXAS LOUISIANA Own and operate the Core producers with Stable, significant…
EXECUTING HIGH RETURN OPPORTUNITIES IN- STATUS PROJECT SCOPE SERVICE P Permian P LOBO II 4Q16 Constructed 140 MMcf/d Gas Processing Facility in the Delaware Basin O Oklahoma P CHICKADEE 1Q17 Constructed Midland Basin Crude Oil…
Execution Excellence Driven by Strong People & Culture STRONG CAPABILITIES ACROSS MIDSTREAM VALUE CHAIN
OUR BASE BUSINESS IS STRONG AND GROWING SOLID BUSINESS FUNDAMENTALS DRIVE YEAR OVER YEAR ADJUSTED EBITDA GROWTH STRONG BASE BUSINESS ADJUSTED EBITDA GROWTH Base Business Adjusted EBITDA (MM) Related Party Deficiency Payments (MM)…
PORTFOLIO OF HIGH RETURN PROJECTS OPPORTUNITIES ACROSS OUR DIFFERENTIATED MIDSTREAM PLATFORM PERMIAN: Delaware Basin NORTH TEXAS Newly Announced NTX Consolidation Acquisition: Gas Processing Project1 In April 2019, EnLink acquired…
DISCIPLINED CAPITAL ALLOCATION GROWTH CAPITAL EXPENDITURES, NET TO ENLC, REMAIN UNCHANGED 2019E GCE, Net to EnLink (MM) Revised FY 2019 Segment GCE Details (MM) 110 - 130 (60) (50) - (70) Q1 2019 565 - 725 565 725 Segment FY 2019…
FOCUSED ON CORPORATE RESPONSIBILITY CREATING SUSTAINABLE VALUE FOR OUR STAKEHOLDERS SAFE OPERATIONS ENVIRONMENTAL STEWARDSHIP OBJECTIVE GOVERNANCE Significant investment in Proactively minimizing impact on the Governed with deep…
Deep Relationships Drive Opportunities PROVEN TRACK RECORD OF DELIVERING FOR CUSTOMERS
DEEP CUSTOMER RELATIONSHIPS DRIVE OPPORTUNITIES PROVIDING INNOVATIVE SOLUTIONS AND BEST-IN-BASIN SERVICES NORTH TEXAS OKLAHOMA PERMIAN LOUISIANA 1Q19 Announcement: EnLink grows with XTO in the Delaware Basin, underpinning…
DEEP INDUSTRY RELATIONSHIPS DRIVE OPPORTUNITIES OUR TRACK RECORD OF EXPANDING RELATIONSHIPS 2006 - 2013 2014 2015 2016 2017 2018 2019+ GAS EnLinks predecessor EnLinks inception: and Devon complete EnLink and Devon CRUDE Devon…
STRONG, ALIGNED PARTNERSHIP WITH GIP LONG-TERM PARTNERSHIP WITH GIP, A LEADING GLOBAL INFRASTRUCTURE INVESTOR WITH DEEP ENERGY SECTOR EXPERIENCE Top-Tier Infrastructure Investor with Substantial Industry Experience and Proven Track…
Long-Term Value Creation Focus TARGETING TO DELIVER DISTRIBUTABLE CASH FLOW PER UNIT GROWTH OF 10%+ FROM 2019 - 2021
LOWER-RISK, HIGH RETURN PROJECTS DRIVING GROWTH 1.2B 1.5B OF EXPECTED GROWTH CAPITAL EXPENDITURES THROUGH 20211 Project Type Asset Segment By Year (2019E 2021E) (2019E 2021E) (2019E 2021E) Well Connects, Oklahoma 2019E Gathering…
DISCIPLINED CAPITAL ALLOCATION STRONG BALANCE SHEET SUPPORTS EFFICIENT CAPITAL ALLOCATION COMMITTED TO MAXIMIZING RETURNS 2019 EXPECTED GCE FUNDING SIGNIFICANT LIQUIDITY WITH PRUDENT CAPITAL ALLOCATION SOURCES TO FINANCE OUR GROWTH…
WELL POSITIONED VERSUS MARKET AND PEERS BUILT FOR LONG-TERM, SUSTAINABLE VALUE CREATION Attractive distribution yield Strategic Asset 9.9% 9.3% 9.1% 9.0% Distribution 7.4% Yield (%) Platform 2.0% Peer 1 Peer 2 EnLink…
ENLINK: DIFFERENTIATED MIDSTREAM PLATFORM BUILT FOR LONG-TERM, SUSTAINABLE VALUE CREATION Purposely Built Strategic Execution Excellence Driven Asset Platform by Strong People & Culture Disciplined, intentional, Strong capabilities…
Appendix
CENTRAL OKLAHOMA PLATFORM ASSET SUMMARY SIZE, SCALE, & DIVERSIFICATION 1.2 Bcf/d Central Oklahoma processing capacity expected in 2Q19: 4 processing facilities to be operational by 2Q19, including Thunderbird 200 MMcf/d…
MIDLAND PLATFORM ASSET SUMMARY 3-PRONGED COMMODITY STRATEGY 470 MMcf/d Midland Basin processing capacity expected by 4Q19: 5 processing facilities in operation 65 MMcf/d Riptide plant increase in available capacity underway,…
DELAWARE PLATFORM ASSET SUMMARY 3-PRONGED COMMODITY STRATEGY 575 MMcf/d Delaware Basin operating processing capacity expected in 2020: 3 processing facilities in operation today with 375 MMcf/d capacity Incremental 200 MMcf/d…
LOUISIANA PLATFORM ASSET SUMMARY POSITIONED TO FEED GROWING DEMAND MARKET 5 Gulf Coast fractionators 193 Mbbl/d of capacity in Louisiana 56 Mbbl/d of capacity in Mont Belvieu 1.9 Bcf/d gas processing capacity 6 processing…
NORTH TEXAS PLATFORM ASSET SUMMARY ANCHOR POSITION IN THE BARNETT 1.0 Bcf/d operating processing capacity 2 processing facilities 15 Mbbl/d of fractionation capacity 4,000 miles of pipeline 325 thousand horsepower of…
RIG EFFICIENCY IN OUR KEY PRODUCTION BASINS PRODUCER CUSTOMERS CONTINUE ACTIVE DRILLING PROGRAMS OKLAHOMA RIGS DELIVER VOLUMES TO OUR RIGS ON OUR SYSTEMS1 GAS G&P and CRUDE PLATFORMS1 66 drilling rigs active on EnLinks footprint,…
QUARTERLY SEGMENT PROFIT & VOLUMES AS PRESENTED WITH 2019 REPORTING SEGMENTS Three Months Ended In millions unless otherwise noted 3/31/2018 6/30/2018 9/30/2018 12/31/2018 3/31/2019 Oklahoma Segment Profit 95.4 106.21 107.5 111.3…
ENLINK ORGANIZATION STRUCTURE Global Public ENLC Infrastructure Holders Partners EnLink Midstream Class C Unitholders2 48% 41% Manager, LLC 11% Non- Non-Economic Economic Managing interest interest EnLink Midstream, LLC…
RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO ADJUSTED EBITDA AND DISTRIBUTABLE CASH FLOW OF ENLC Three Months Ended All amounts in millions 3/31/2019 Net cash provided by operating activities 264.0 Interest…
RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA OF ENLC Three Months Ended All amounts in millions 3/31/2018 6/30/2018 9/30/2018 12/31/2018 3/31/2019 Net income (loss) 57.1 102.2 45.0 (237.1) (134.8) Interest expense, net of interest…
RECONCILIATION OF ENLCS OPERATING INCOME TO GROSS OPERATING MARGIN OF ENLC All amounts in millions Q1 2019 Permian North Texas Oklahoma Louisiana Corporate Totals Operating loss (88.7) General and administrative expenses 51.4…
RECONCILIATION OF ENLCS OPERATING INCOME TO GROSS OPERATING MARGIN OF ENLC (CONT.) All amounts in millions Q2 2018 Permian North Texas Oklahoma Louisiana Corporate Totals Operating income (1) 148.8 General and administrative expenses…
RECONCILIATION OF NET INCOME OF ENLK TO ADJUSTED EBITDA OF ENLC Years Ended All amounts in millions 12/31/2015 12/31/2018 Net income (loss) (1,378.2) 1.6 Interest expense, net of interest income 102.5 178.3 Depreciation and…
ENLC FORWARD LOOKING RECONCILIATION FORECASTED ENLC NET INCOME TO ADJUSTED EBITDA OF ENLC 2019 Outlook 1 (MM) Low Midpoint High Net income of EnLink Midstream, LLC (2) 18 23 28 Interest expense, net of interest income 211 212 213…
NON-GAAP FINANCIAL INFORMATION, OTHER DEFINITIONS, AND NOTES (CONTINUED) Other definitions and explanations of terms used in this presentation: 1) ENLK Series B Preferred Units means Series B Cumulative Convertible Preferred Units of…
ENLINK.COM FOCUS ON PEOPLE STRIVE FOR EXCELLENCE BE ETHICAL DELIVER RESULTS BE GOOD STEWARDS
Loading...
