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Annual General Meeting – Pembina Pipeline Corp

Pembina Pipeline Corp · May 3, 2019 · 31 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. Annual General Meeting – Pembina Pipeline Corp – slide 1
    Pembina Pipeline Corporation Annual Meeting May 3, 2019 TSX: PPL | NYSE: PBA
  2. Annual General Meeting – Pembina Pipeline Corp – slide 2
    Highlights since last Annual Meeting 4 Veresen Integration • Successfully integrated the two organizations realizing expected synergies and a full year contribution from assets Safety Operational Capital Markets Pembina continues…
  3. Annual General Meeting – Pembina Pipeline Corp – slide 3
    Purpose of Pembina To be the leader in delivering integrated infrastructure solutions connecting global markets 5 Customers choose us first for reliable and value-added services Investors receive sustainable industry-leading total…
  4. Annual General Meeting – Pembina Pipeline Corp – slide 4
    Customers
  5. Annual General Meeting – Pembina Pipeline Corp – slide 5
    Leasehold Map Map
  6. Annual General Meeting – Pembina Pipeline Corp – slide 6
    The Pembina Store: integrated, customer-focused services Gas & NGL Value Chain (\"HVP\") Oil/C5/Oil Sands Marketing Pipelines Terminalling NGL Pipelines Storage Fractionation Distribution Consumption Gathering, Processing,…
  7. Annual General Meeting – Pembina Pipeline Corp – slide 7
    250 230 106 625 330 133 125 245 0 500 1,000 1,500 2,000 2,500 3,000 3,500 Pre Expan sio n 199 7 Syncrude 200 1 Horizon 200 7 Cheecham 200 7 Nipisi & Mitsu e 201 1 Pha se I, II & III 201 3 - 201 7 AEG S & Van…
  8. Annual General Meeting – Pembina Pipeline Corp – slide 8
    Largest third-party gas processor serving the WCSB Net processing capacity Large-scale field processing asset base complemented by strategically-located mainline extraction plants 6.1 bcf/d(1) (1) All capacities are shown as net to…
  9. Annual General Meeting – Pembina Pipeline Corp – slide 9
    Largest fractionation capacity serving the WCSB Net fractionation capacity ~350+ mbpd of NGL fractionation capacity across premier liquids markets: Alberta, Sarnia and US midcontinent 356 mbpd(1) (1) All capacities are shown as net…
  10. Annual General Meeting – Pembina Pipeline Corp – slide 10
    Leading hydrocarbon storage position Net storage capacity One of Canada\'s largest storage owners, providing our customers great flexibility See \"Forward-looking statements and information.\" 6.5 mmbbls 14.3 Merchant Underground…
  11. Annual General Meeting – Pembina Pipeline Corp – slide 11
    Customers choose us first for reliable and value added services \"Forward-looking statements and information.\" Pembina offers unequalled, integrated solutions that provide flow assurance, price certainty and netback protection ?…
  12. Annual General Meeting – Pembina Pipeline Corp – slide 12
    Investors
  13. Annual General Meeting – Pembina Pipeline Corp – slide 13
    Record setting 2018 financial performance Pembina is well positioned to grow beyond our 2018 record year 15 2017 2018 31% increase in Adjusted cash flow from operating activities per common share(1) (1) See \"Non-GAAP &…
  14. Annual General Meeting – Pembina Pipeline Corp – slide 14
    Financial Guardrails We remain committed to building our business within the Financial Guardrails Maintain target of 80% fee-based contribution to Adjusted EBITDA(1) Maintain strong BBB credit rating(4) Target 75% credit exposure…
  15. Annual General Meeting – Pembina Pipeline Corp – slide 15
    ~54% ~57% ~61% ~63% ~33% ~23% ~23% ~24% ~23% ~22% ~19% ~13% ~6% ~7% ~1% ~4% ~6% ~9% ~8% - $1 $1 $2 $2 $3 $3 $4 2015 2016 2017 2018 2019E Adjusted EBITDA contribution by type (1) Pembina has significantly grown…
  16. Annual General Meeting – Pembina Pipeline Corp – slide 16
    $3,000 2015 2016 2017 2018 2019E Adjusted EBITDA per Share Adjusted EBITDA Transformational growth is generating record financial results Pembina has delivered on its promises and created a stronger foundation for long-term growth…
  17. Annual General Meeting – Pembina Pipeline Corp – slide 17
    Dividend growth supported by growing cash flow Strong history of growing Pembina\'s dividend and adjusted cash flow per share 5.3% dividend increase announced May 2, 2019 (1) Assumes a $0.20 per share monthly dividend from May 2019…
  18. Annual General Meeting – Pembina Pipeline Corp – slide 18
    700 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Relative Total Return (100 = January 1, 2009) Proven long-term track record of shareholder value creation (1) Source: Bloomberg. (2) Compound average annual growth rate from…
  19. Annual General Meeting – Pembina Pipeline Corp – slide 19
    Commitment to a strong BBB credit rating Pembina remains committed to prudent financial management & maintaining a strong BBB credit rating (1) Debt to Adjusted EBITDA calculated as total debt on a proportionate consolidation basis…
  20. Annual General Meeting – Pembina Pipeline Corp – slide 20
    Employees
  21. Annual General Meeting – Pembina Pipeline Corp – slide 21
    Employees say we are the \'employer of choice\' and value our safe, respectful, collaborative and fair work culture Recognized for being Employee summary (1) a top employer (1) As at December 31, 2018 (2) Recordable injury rate is a…
  22. Annual General Meeting – Pembina Pipeline Corp – slide 22
    Communities
  23. Annual General Meeting – Pembina Pipeline Corp – slide 23
    Communities welcome us and recognize the net positive impact of our social and environmental commitment Looking forward, we have committed to investing $10 million in 2019 in communities where we have a presence We invest in:…
  24. Annual General Meeting – Pembina Pipeline Corp – slide 24
    Sustainability at Pembina • In 2018, Pembina released its inaugural Sustainability Report, consolidating and sharing our work in the areas associated with corporate sustainability • The report is rooted in the way we do business,…
  25. Annual General Meeting – Pembina Pipeline Corp – slide 25
    What is next? Doing more of the same Doing new things that strengthen and diversify our value chain
  26. Annual General Meeting – Pembina Pipeline Corp – slide 26
    Pipeline Division Strategic footprint supports staged expansions, enabling timely and reliable egress solutions for customers 28 Future opportunities • Phase IX Peace pipeline expansion • Alliance expansion • Gathering systems…
  27. Annual General Meeting – Pembina Pipeline Corp – slide 27
    Facilities Division Facilities Division is actively expanding upon existing assets while evaluating new growth opportunities 29 Duvernay II and Duvernay III Hythe Developments Secured projects(1) • Duvernay II • Duvernay III •…
  28. Annual General Meeting – Pembina Pipeline Corp – slide 28
    Facilities Division Prince Rupert LPG Export Terminal • Developing the Prince Rupert LPG Export Terminal with an expected capital cost of ~$250 million • Permitted up to ~25 mbpd of LPG export capacity with expansion opportunities…
  29. Annual General Meeting – Pembina Pipeline Corp – slide 29
    Pembina PIC • Alberta-specific operating and project execution experience • Pembina is responsible for aggregating 100% of CKPC propane feedstock • PDH & PP experience, along with global marketing channels • PIC will market 100%…
  30. Annual General Meeting – Pembina Pipeline Corp – slide 30
    New Ventures Division Jordan Cove LNG Pembina is proposing to develop a world-scale LNG export facility to create new gas markets for our customers • Draft Environmental Impact Statement from FERC • Non-binding off-take agreements…
  31. Annual General Meeting – Pembina Pipeline Corp – slide 31
    Pembina\'s value proposition To be the leader in delivering integrated infrastructure ? Diverse, integrated, strategic assets serving world-class geology ? Visible growth while conforming to our financial guardrails ? Value chain…

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