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2Q 2019 Earnings Presentation – Shell Midstream Partners Lp

Shell Midstream Partners Lp · Aug 2, 2019 · 12 slides

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Slides

  1. 2Q 2019 Earnings Presentation – Shell Midstream Partners Lp – slide 1
    Shell Midstream Partners, L.P. (SHLX) Q2 2019 Results August 2, 2019 Shell Midstream Partners 1
  2. 2Q 2019 Earnings Presentation – Shell Midstream Partners Lp – slide 2
    Summary Q2 2019 financial performance continues to deliver value: Adjusted EBITDA 187 million, CAFD 162 million(1) Quarterly distributions increased to 0.43 per unit, a 3.6% increase over prior quarter Access to high quality…
  3. 2Q 2019 Earnings Presentation – Shell Midstream Partners Lp – slide 3
    800 Million Colonial and Explorer Acquisition: Stable and Strategic Pipelines Positioned to Generate Predictable Distributions Connectivity Strategic connection to large demand centers Access to cost advantaged supply from Gulf…
  4. 2Q 2019 Earnings Presentation – Shell Midstream Partners Lp – slide 4
    Zydeco Operational Update: Competitive asset matches needs of customers Zydeco Mainline Throughput Volume, kbpd Highlights Zydeco fully subscribed with new contracts ranging from 18- Offshore Onshore 60 months 800 Remains a…
  5. 2Q 2019 Earnings Presentation – Shell Midstream Partners Lp – slide 5
    Operational Update: Offshore is resilient and growing Offshore Throughput Volume, kbpd Highlights +21% Growth driven by Appomattox first oil, partially offset 2,073 by planned producer turnarounds 1,974 2,010 1,921 359 Amberjack 2Q…
  6. 2Q 2019 Earnings Presentation – Shell Midstream Partners Lp – slide 6
    Financial Results from Operations Three Months Ended ( million) June 30, 2019 March 31, 2019 Revenue 121 131 Cost and Expenses 73 66 Operating Income 48 65 Income from Equity Method Investments 80 70 Dividend Income - 14 Other…
  7. 2Q 2019 Earnings Presentation – Shell Midstream Partners Lp – slide 7
    Non-GAAP Financial Metrics Three Months Ended ( million except per unit amount) June 30, 2019 March 31, 2019 Adjusted EBITDA Attributable to SHLX (1) 187 170 Less: Net Interest and Income Taxes Paid 21 20 Maintenance Capital…
  8. 2Q 2019 Earnings Presentation – Shell Midstream Partners Lp – slide 8
    Expected Impacts to Net Income and CAFD Q3 2019 Tropical Storm Barry impact of 8-10 million 2H 2019 Planned producer turnarounds of 5 million Shell Midstream Partners 9
  9. 2Q 2019 Earnings Presentation – Shell Midstream Partners Lp – slide 9
    Balance Sheet and Liquidity ( million) As of June 30, 2019 Cash and Cash Equivalents 257 Total Debt Outstanding 2,691 Total Credit Facility Capacity (Inc. Zydeco) 3,590 Shell Midstream Partners 10
  10. 2Q 2019 Earnings Presentation – Shell Midstream Partners Lp – slide 10
    For further questions, please contact Jamie Parker James.Parker2Shell.com +1 832 337 2837 Shell Midstream Partners 11
  11. 2Q 2019 Earnings Presentation – Shell Midstream Partners Lp – slide 11
    Shell Midstream Partners
  12. 2Q 2019 Earnings Presentation – Shell Midstream Partners Lp – slide 12
    Appendix 2 Shell Midstream Partners 14

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