Regency Energy Partners LP 2014 Wells Fargo Energy Symposium December 9, 2014
Forward-Looking Statements Certain matters discussed in this report include forward-looking statements. Forward-looking statements are identified as any statement that does not relate strictly to historical or current facts. Statements…
Year Over-Year Transformation Extensive midstream portfolio and strong position in majority of high-growth shale plays driving expansion opportunities Completed approximately 9 billion in strategic acquisitions Growth Combined…
Year-Over-Year Highlights Acquisitions - 9 Billion Adjusted EBITDA & DCF 500 300 250 400 SUGS PVR Partners 344 215 200 in millions 300 150 a 115 200 172 Hoover Energy EROC Energy 100 Midstream Midstream 100 50 0…
Substantially Increased Footprint Transformed into a larger, more diverse G&P midstream provider with strong positions in 5 strategic basins Contract Services segment has expanded its existing positions and has added 4 new shale plays…
Scale & Position Driving Increased Organic Growth Organic Growth Backlog Acquisition Growth Drivers 3,000 PVR Growth Drivers Utica Ohio River Gathering JV 2,600 Lycoming Expansion East Clinton Expansion 2,500 SUGS Growth Projects…
Visibility for Future Earnings & Distribution Growth Major Announced Growth Projects Eagle Ford Expansion Mi Vida Processing Plant & Processing Gathering Dubberly Liquids Express Pipeline Dubberly Cryo Processing…
Gathering and Processing: South Texas Total South Texas gathering throughput increased 14% since Q3 2013 South Texas Asset Map Capacity 2014 Total Treating Capacity (MMcf/d) 350 Total Condensate Gathering Capacity 37,000…
Gathering and Processing: Ark-La-Tex Increased Ark-La-Tex throughput volumes by 58% and NGL production by 20% since Q3 2013 Ark-La-Tex Asset Map Capacity 2014 Total Processing Capacity (MMcf/d) 758 Total Treating Capacity (MMcf/d)…
Gathering and Processing: Permian Increased gathering throughput by 50% and NGL production by 28% since Q3 2013 Permian Asset Map Capacity 2014 Total Processing Capacity (MMcf/d) 940 Total Treating Capacity (MMcf/d) 890…
Gathering and Processing: Eastern Region Total Eastern region volumes grew 36% to 1.9 million MMbtu/d since Q3 2013 East Texas Asset Map Capacity 2014 Total Interconnect Capacity (Bcf/d) 2.2 Accomplishments Expanded delivery into…
Utica Ohio River Joint Venture Utica Ohio River Joint Venture creates a first-mover advantage, and will be a key take-away option for Utica lean-gas Utica Ohio River Project Commercial Highlights Joint Venture between Regency and…
Gathering and Processing: Mid-Continent Mid-Continent Asset Map Capacity 2014 Total Processing Capacity (MMcf/d) 900 Total Treating Capacity (MMcf/d) 400 Accomplishments Completed acquisitions of PVR and EROCs midstream…
Combined EROC and PVR Synergies Overview Total Combined PVR and EROC Synergy Savings on an Annual Basis: 85M+ with Upside Potential Year-Over-Year 15% in headcount consolidation Synergies Execution G&A Savings Elimination of…
NGL Services: Overview NGL Project Lone Star Assets Announced Projects Lone Star Express NGL Pipeline 533 miles of new 24 and 30 NGL pipelines from the Permian Basin to Mont Belvieu Capacity Godley Initial scope of 375 MBPD…
Contract Services: 2015 Outlook Significant increase in demand for compression in shale plays, which is expected to continue throughout 2015 Horsepower Growth Target Shale Plays for Expansion 1,200 1,216 1,140 Marcellus/Utica…
Significant Portfolio Growth & Diversification Acquisitions and organic growth are driving a more balanced and diversified portfolio Margin By Business 3% 3% 3% FY 2012 8% 8% 8% 17% 17% 17% FY 2015E 14% 14% 14% 8% 3% 8% 7%…
Strong Fee-Based Cash Flows Currently, over one-third of 2015 commodity exposure is hedged Target having two-thirds of commodity exposure hedged for 2015 Margin By Business FY 2012 FY 2015E 17% 10% 9% 8% 11% 15% 83%…
DCF Sensitivities DCF Sensitivity to Commodity Price Changes Full Year 2015 Commodity /Move Impact Natural Gas +/- 0.25/MMbtu +/- 7M NGLs +/- 0.05/gallon +/- 5M Condensate +/- 5/barrel +/- 7M A 5.00/bbl movement in crude…
2015 Objectives Leverage Integrated Maintain Stable Execution Invest In Growth Midstream Platform Cash Flows Focus on growing DCF/unit Utilize integrated platform Offer fully integrated Maintain high percentage of of assets to…
Appendix
Organic Growth Project Backlog Major Projects 2015 Growth Capital Total Backlog ( in Millions) 800 1,600 Gathering & Processing Mi Vida Processing Facility 1 Dubberly Liquid Express Pipeline Dubberly Processing Expansion Eagle…
Maintain Stable Cash Flows: Comprehensive Hedging Program Executed Hedges by Product1 Balance of Full Year 2015 Full Year 2016 2014 Natural Gas/Ethane 73% 49% - C3 to C4 60% 29% - C5+/Condensate 88% 37% 23% 1 As of…
Maintain Stable Cash Flows: Comprehensive Hedging Program Executed Hedges by Product1 Balance of 2014 Full Year 2015 Full Year 2016 Price Price Price Bbls/d Bbls/d Bbls/d (/gal) (/gal) (/gal) Propane 3,989 1.05 1,900 1.05 - -…
FY 2015E Margin by Type Mid-Continent Permian 1% 0% 19% 29% 0% 41% 36% Eastern 39% 23% 12% Gas NGL Condensate Fee Helium Gas NGL Condensate Fee Ark-La-Tex South Texas 0% 100% Fee 8% 6% 4% 5% 5% 88%…
Non-GAAP Reconciliations Three Months Ended September 30, 2014 June 30, 2014 March 31, 2014 December 31, 2013 September 30, 2013 June 30, 2013 ( in millions) Net income (loss) 107 (4) 12 3 42 11 Add (deduct): Operation and…
Non-GAAP Reconciliations Three Months Ended September 2014 June 30, 2014 March 31, 2014 December 31, 2013 September 30, 2013 June 30, 2013 ( in millions) Net income (loss) 107 (4) 12 2 42 11 Add: Interest expense, net 86 78 56 45 41…
Non-GAAP Reconciliations Three Months Ended September 30, 2014 June 30, 2014 March 31, 2014 December 31, 2013 September 30, 2013 June 30, 2013 ( in millions) Net cash flows provided by operating activities 293 90 187 59 183 112 Add…
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