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MLP and Energy Infrastructure Conference – Tallgrass Energy, LP

Tallgrass Energy, LP · May 14, 2019 · 24 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. MLP and Energy Infrastructure Conference – Tallgrass Energy, LP – slide 1
    MLP & Energy Infrastructure Conference May 2019
  2. MLP and Energy Infrastructure Conference – Tallgrass Energy, LP – slide 2
    Tallgrass Energy Overview Unique platform with large scale, diversified asset base with long-term contracted cash flows EBITDA(1) 3 FERC-regulated natural gas transportation & storage systems totaling 6,800 miles of pipe Natural Gas…
  3. MLP and Energy Infrastructure Conference – Tallgrass Energy, LP – slide 3
    Key Investment Highlights Tallgrass Energy is a core midstream infrastructure company with a solid platform providing a unique combination of both stability and growth 1 Simple organizational structure, taxed as a C-corp 1 public…
  4. MLP and Energy Infrastructure Conference – Tallgrass Energy, LP – slide 4
    Organizational Structure Tallgrass platform combined with world class infrastructure investors experience and access to capital to drive ongoing stability and growth Organizational Structure Strengths of the Blackstone Platform Highly…
  5. MLP and Energy Infrastructure Conference – Tallgrass Energy, LP – slide 5
    Tallgrass Energy Key Accomplishments Strong track record of organic project execution, third party M&A and capital markets access 2013 2014 2015 2016 2017 2018 2019 TMID Casper Pony placed into Pony Expansion REX Capacity Buckhorn…
  6. MLP and Energy Infrastructure Conference – Tallgrass Energy, LP – slide 6
    Financial Update and 2019 Guidance TGE Financial Update Q1 2019 Adjusted EBITDA 246 million Cash Available for 201 million Dividends (CAD) Coverage Ratio 1.35x Leverage Ratio(1) 3.67x TGE 2019 Guidance 2019 Adjusted…
  7. MLP and Energy Infrastructure Conference – Tallgrass Energy, LP – slide 7
    Consistent Infrastructure Investment Tallgrass has made significant investments over the last 6 years to build a platform of core midstream infrastructure, and has a full slate of future projects to continue its growth trajectory…
  8. MLP and Energy Infrastructure Conference – Tallgrass Energy, LP – slide 8
    Asset Summary NYSE: TGE www.tallgrassenergy.com
  9. MLP and Energy Infrastructure Conference – Tallgrass Energy, LP – slide 9
    Summary of Segments Sizable asset footprint which serves some of the largest, most economic domestic basins 1 Natural Gas Transportation Segment 2 Crude Oil Transportation Segment Consists of 3 FERC-regulated natural gas…
  10. MLP and Energy Infrastructure Conference – Tallgrass Energy, LP – slide 10
    Natural Gas Transportation Asset Overview Recent Updates Consists of 3 FERC-regulated natural gas transportation & Cheyenne Connector and Cheyenne Hub projects received storage systems (REX, TIGT, and Trailblazer) Environmental…
  11. MLP and Energy Infrastructure Conference – Tallgrass Energy, LP – slide 11
    REX Pipeline Overview Provides natural gas transportation service for North American energy markets Developed REX into the nations northernmost natural gas header system Attractive access to both supply basins and large end user…
  12. MLP and Energy Infrastructure Conference – Tallgrass Energy, LP – slide 12
    Securing Visible REX Cash Flow REX is currently expected to have 500mm of contracted EBITDA in 2020 with (1) additional capacity available for renewal East End 2.7 Bcf/d of East End volume contracted long-term(2) Evaluating…
  13. MLP and Energy Infrastructure Conference – Tallgrass Energy, LP – slide 13
    Crude Oil Transportation Current Footprint Pony System Overview 834-mile FERC regulated crude oil pipeline system from Guernsey, WY / NE Colorado to Cushing, OK Total transportation design capacity of 400 kbbls/d Currently expanding…
  14. MLP and Energy Infrastructure Conference – Tallgrass Energy, LP – slide 14
    Seahorse Pipeline Project Tallgrass Energy is developing a new batch-capable, crude oil pipeline from Cushing, Oklahoma to the Gulf Coast Asset Summary Project Design 700 miles; up to 30 pipeline Initial capacity of up to 400…
  15. MLP and Energy Infrastructure Conference – Tallgrass Energy, LP – slide 15
    Plaquemines Liquids Terminal Project Tallgrass Energy is developing the Gulf Coast Plaquemines Liquids Terminal (PLT) Asset Summary Project Design Storage capacity of up to 20 million bbls Ability to load Suezmax (up to one million…
  16. MLP and Energy Infrastructure Conference – Tallgrass Energy, LP – slide 16
    Gathering & Processing Overview Gathering and Processing Tallgrass PRB Footprint Current Assets (1) 1,500 miles of natural gas gathering pipeline through the core of the PRB 190 mmcf/d of processing capacity in the PRB and Wind…
  17. MLP and Energy Infrastructure Conference – Tallgrass Energy, LP – slide 17
    BNN Water Solutions Overview Water Business Services Current Assets Bakken Assets Freshwater transportation and saltwater gathering and disposal system in the DJ Basin Water disposal and gathering in the Bakken Water disposal…
  18. MLP and Energy Infrastructure Conference – Tallgrass Energy, LP – slide 18
    Terminals Overview Terminals currently owns 5 crude oil terminals positioned along the Pony Express system with terminals under construction for the Platteville Extension (1) Cushing Sterling Pawnee Located in Cushing, OK…
  19. MLP and Energy Infrastructure Conference – Tallgrass Energy, LP – slide 19
    Tallgrass Joint Ventures Existing Joint Venture Overview Natural Gas Transportation 75% of Rockies Express Pipeline LLC (REX) Each of Western Gas Partners and DCP Midstream have a one-time option to acquire a minority interest in…
  20. MLP and Energy Infrastructure Conference – Tallgrass Energy, LP – slide 20
    Tallgrass Energy Q1 2019 EBITDA and CAD Reconciliation Summary Financial Information Three Months Ended (in millions) March 31, 2019 Net income attributable to TGE 50.6 Add: Interest expense, net (1) 39.7 Depreciation and…
  21. MLP and Energy Infrastructure Conference – Tallgrass Energy, LP – slide 21
    Tallgrass Energy 2018 EBITDA and CAD Reconciliation Summary Financial Information Year Ended (in millions, except coverage) December 31, 2018(1) Net income 455.9 Net income attributable to noncontrolling interests (235.2) Net…
  22. MLP and Energy Infrastructure Conference – Tallgrass Energy, LP – slide 22
    Tallgrass Energy EBITDA Reconciliation Summary Financial Information Year Ended December 31, 2017 2016 2015 2014 2013 Tallgrass Energy Partners, LP (TEP) (1) (in millions) Net income attributable to partners 434.0 270.5 172.9 77.1…
  23. MLP and Energy Infrastructure Conference – Tallgrass Energy, LP – slide 23
    Tallgrass Energy Q1 2019 Segment EBITDA Reconciliation Summary Financial Information (1) Three Months Ended March 31, 2019 Natural Gas Transportation (in millions) Operating income 19.9 Add: Depreciation and amortization expense…
  24. MLP and Energy Infrastructure Conference – Tallgrass Energy, LP – slide 24
    Tallgrass Energy 2018 Merger Adjusted Segment EBITDA Reconciliation Summary Financial Information (1) Year Ended December 31, 2018 Natural Gas Transportation (in millions) Operating Income 69.6 Add: Depreciation and amortization…

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