Strong Execution Driving Solid Results Q2 2019 Results Solid Financial Generated 278 million of Adjusted EBITDA and 173 million of DCF Q2 distribution coverage of 1.12x, with strong 1.28x YTD coverage Results Bank facility leverage…
Expanding DJ Processing Capacity Expanding total DJ Basin processing, bypass, and offload capacity to 1.7 Bcf/d (1) ADDING UP TO 225 MMCF/D Executed accretive long-term agreement with Western Midstream Partners to provide up to 225…
Strategic Capital Allocation Projects 100% Capacity Target In-Service Logistics & Marketing 100 and 90 MBpd Front Range and Texas Express Q4 2019 expansions NGL DJ Southern Hills Extension 90 MBpd Q4 2019 Southern Hills…
Consolidated Q2 2019 Financial Results Strong Logistics margin more than offsetting the impact of lower prices Distributable Cash Flow (MM) Q2 2019 Distribution Coverage 1.12x Q2 2019 Drivers Strong Logistics margin driven…
Outlook Assumptions Earnings Outlook Q3 2019 Dampening forward commodity prices vs. Q2 2019 Higher reliability spend in Q3 vs. Q2 OConnor 2 in service, with gradual volume ramp Q4 2019 Dampened commodity price curve vs. 1H with…
Financial Position Risk Management Ample Liquidity Investments in fee-based growth coupled with Ample liquidity with 1.4 billion hedging program provides downside available on bank facility (1) protection on commodity exposed margin…
Key Takeaways Strong Execution Driving Solid Results xx Solid Q2 financial results and strong distribution coverage of 1.28x YTD Record Southern Hills volumes and continued strong volumes on Sand Hills Record DJ Basin, and continued…
DCP Midstream - Appendix Financial and Other Supporting Slides 11
2019 Earnings and Volume Outlook 2019 Segment Adjusted EBITDA 50% L&M and 50% G&P continued growth in fee-based earnings 2019 Segment Adjusted EBITDA Logistics Volume Outlook Sand Hills: increasing with recent FY2019 expansion to…
Volumes Logistics NGL Pipeline Volume Trends and Utilization Q2'18 Q1'19 Q2'19 Q2'19 Approx Average System Gross Average NGL Average NGL Average NGL Length Capacity Net Capacity Throughput Throughput Throughput Pipeline Pipeline…
2019 Gross Margin, Sensitivities and Hedges Investments in fee-based growth coupled with hedging program provides downside protection on commodity exposed margin 2019 Adjusted Gross Margin 2019 Annual Commodity Sensitivities Before…
Margin by Segment* MM, except per unit measures Q2 2019 Q1 2019 Q4 2018 Q3 2018 Q2 2018 Gathering & Processing (G&P) Segment Natural gas wellhead - Bcf/d 4.87 4.94 4.93 4.88 4.80 (1) Segment gross margin including equity earnings…
Disciplined and Strategic Growth Executing strategic, lower risk growth projects at 5-7x target multiples with line of sight to fast volume ramp growing fee-based earnings Projects in Progress Est. Expected (MM net to DCPs interest)…
Expanding Integrated Leading DJ Basin Footprint Solving G&P, NGL and gas takeaway for our producers into the next decade OConnor 2 200 MMcf/d plant in final commissioning phase, expected in-service G&P August 2019; up to 100 MMcf/d…
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