Compelling Investor Value Proposition Integrated midstream business with geographically diverse premier asset base DIVERSIFIED Broad NGL pipeline footprint with unparalleled access to fractionators along the Gulf Coast, PORTFOLIO OF…
Diversified Portfolio of Assets in Premier Basins One of the largest U.S. NGL producers and gas processors Leading Integrated Midstream Provider Integrated Logistics & Marketing and Gathering & Processing business providing…
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 and efficiency 2018 Mewbourn 3 in service Processing 2019 OConnor 2 2020 Bighorn PROCESSING 2018 Sand Hills expansion in service NGL 2019…
Long-Term Strategy Meeting customer needs through diverse and fully integrated value chain DJ G&P DJ Basin Addressing G&P, NGL and gas Southern Hills takeaway via Mewbourn 3, OConnor 2, Bighorn, Front Range/Texas Express,…
Expanding Integrated Leading DJ Basin Footprint Solving G&P, NGL and gas takeaway for our producers into the next decade OConnor 2 300 MMcf/d facility under construction with expected in-service end of Q2 2019 for 200 MMcf/d plant…
Expanding Permian Logistics Footprint Extending Logistics value chain with fee-based projects Sand Hills leverages the entire Permian with lower risk and higher returns Increased capacity to 500 MBpd in Q1 2019, increasing volumes…
Extending Logistics Value Chain via Sweeny Option to expand DCPs fractionation network into Sweeny Hub in partnership with Phillips 66 Connecting growing NGL production from key basins to Gulf Coast Extending value chain into…
DCP 2.0: Driving the Operations of the Future Integrated Collaboration Center (ICC) Linking Numerous Data Sources SCADA Financial Real-Time Engineering KPIs Contracts and DCS Data Prices Data Integrated Collaboration Center…
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 Actively…
Segment Overviews 2019 DCP Midstream 13
Logistics and Marketing Overview The Logistics & Marketing segment is fee based and includes NGL DCP Logistics Assets pipelines, Guadalupe, marketing, storage and fractionators. The NGL pipelines comprise a significant portion of the…
NGL Pipeline Customers Customer centric NGL pipeline takeaway providing open access to premier demand markets along the Gulf Coast and at Mont Belvieu Legend: DCP operated Third party operated Southern Hills Connects to 2.6…
Gathering and Processing Overview North Assets Permian Assets Midcontinent Assets South Assets Sweeny Asset type Fractionator & Plant Natural Gas Plant NGL Pipeline Natural Gas Pipeline DJ Basin Permian SCOOP/STACK Eagle…
Strong Producer Customers in Key Basins DJ Basin (North) Midcontinent Permian South Sweeny Volume and margin portfolio supported by long term agreements with diverse high quality producers in key producing regions 2019…
Financial Information 2019 DCP Midstream 18
Strong Financial Position Ample Liquidity Strong Coverage Lower Leverage 1.3 1.45x(1) 3.6x Billion Ample liquidity with 1.3 billion Funding portion of growth from Bank leverage decreased in Q1 2019 vs. available on bank…
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…
Appendix 2019 DCP Midstream 21
Disciplined and Strategic Growth Executing strategic, lower risk growth projects at 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 interest)…
Awards and Recognition 1ST PLACE CEO AWARD 2018 COMPANY SAFETY FOR COMPANY SERVICE AWARD FOR DIVISION I IN 2018 GPA Midstream recognizes DCP Midstream GPA Midstream recognizes DCP Midstream for outstanding safety performance. for…
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