Enterprise Value ~$29bln S&L Volume ~1.3mmb/d Transportation Volume >6mmb/d Over Past 20+ Years, PAA Has Developed One of the Largest & Most Integrated Midstream Systems in North America
First-Quarter 2019 Overview Note: This slide contains non-GAAP financial measures. Please visit the IR page of our website at www.plainsallamerican.com for a reconciliation of our non-GAAP financial measures to the most directly…
2019 Guidance & Capital Program Update 2019(G) Update (+$100mm) Executing Capital Program (+$250mm) Feebased S&L $2,081 $2,681 +/-$2,850 (Segment Adj. EBITDA, $ millions) (CAPEX, $ millions) Continuing to advance additional…
Improved Financial Flexibility Benefitting from fee-based growth and strong near term S&L contribution Note: This slide contains non-GAAP financial measures. Please visit the IR page of our website at www.plainsallamerican.com for a…
Executing Permian-focused Capital Program >2,200 mb/d of Permian net capacity additions (YE 2017 to YE 2019) Permian System Capacity (~mb/d, rounded) YE 2017 YE 2018 1Q2019 YE 2019 5,100 +800 5,900 +900 6,800 Gathering Intra-Basin…
Advancing Permian Long-Haul Projects Cactus II ? Construction progressing on schedule ? Partial in-service, target: 3Q19 ? Fully in-service, Midland target: 1Q20 Wink Crane McCamey Orla Corpus Christi Ingleside Houston Area…
Leveraging Existing System Accretive, capital-efficient growth opportunities Projects Provide: Flow assurance Access to markets Quality segregation ? St. James: sanctioned ~2.4 mmbbls new crude storage ? Red River: finalizing…
Key Takeaways ? Executing Permian-focused capital program ? Advancing multiple strategic / accretive growth projects ? Key initiatives: ? Optimizing our system and improving returns ? Making disciplined capital investments ?…
2019(G) Update Note: This slide contains non-GAAP financial measures. Please visit the IR page of our website at www.plainsallamerican.com for a reconciliation of our non-GAAP financial measures to the most directly comparable GAAP…
2017 2018 2019 (G) Operating Data + / - Transportation Average daily volumes (MBbls/d) 5,186 5,889 7,000 Segment Adjusted EBITDA per barrel $ 0.68 $ 0.70 $ 0.68 Facilities Average capacity (MMBbls/Mo) 130 124 125 Segment Adjusted…