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Citi MLP Midstream Infrastructure Conference – Tallgrass Energy, LP

Tallgrass Energy, LP · Aug 14, 2019 · 23 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. Citi MLP Midstream Infrastructure Conference – Tallgrass Energy, LP – slide 1
    Citi Midstream / Energy Infrastructure Conference August 14-15, 2019
  2. Citi MLP Midstream Infrastructure Conference – Tallgrass Energy, LP – slide 2
    Tallgrass Energy Overview Unique platform with large scale, diversified asset base with long-term contracted cash flows 3 FERC-regulated natural gas transportation & storage systems totaling 6,800 miles of pipe EBITDA(1) Natural Gas…
  3. Citi MLP Midstream Infrastructure Conference – Tallgrass Energy, LP – slide 3
    Key Investment Highlights Tallgrass Energy is a core midstream infrastructure company with a solid platform providing a unique combination of both stability and growth 1 Simple organizational structure, taxed as a C-corp 1 public…
  4. Citi MLP Midstream Infrastructure Conference – Tallgrass Energy, LP – slide 4
    Organizational Structure Tallgrass platform combined with world class infrastructure investors experience and access to capital to drive ongoing stability and growth Organizational Structure Strengths of the Blackstone Platform Highly…
  5. Citi MLP Midstream Infrastructure Conference – Tallgrass Energy, LP – slide 5
    Tallgrass Energy Key Accomplishments Strong track record of organic project execution, third party M&A and capital markets access 2013 2014 2015 2016 2017 2018 2019 TMID Casper Pony placed into Pony Expansion REX Capacity Buckhorn…
  6. Citi MLP Midstream Infrastructure Conference – Tallgrass Energy, LP – slide 6
    Financial Update and 2019 Guidance TGE Financial Update Q2 2019 1H 2019 Adjusted EBITDA 254 million 500 million CAD 205 million 405 million Coverage Ratio 1.35x 1.35x Leverage Ratio(1) 3.6x 3.6x TGE 2019 Guidance Adjusted…
  7. Citi MLP Midstream Infrastructure Conference – Tallgrass Energy, LP – slide 7
    Consistent Infrastructure Investment Tallgrass has made significant investments over the last 6 years to build a platform of core midstream infrastructure, and has a full slate of future projects to continue its growth trajectory…
  8. Citi MLP Midstream Infrastructure Conference – Tallgrass Energy, LP – slide 8
    Asset Summary NYSE: TGE www.tallgrassenergy.com
  9. Citi MLP Midstream Infrastructure Conference – Tallgrass Energy, LP – slide 9
    Summary of Segments Sizable asset footprint which serves some of the largest, most economic domestic basins 1 Natural Gas Transportation Segment 2 Crude Oil Transportation Segment Consists of 3 FERC-regulated natural gas…
  10. Citi MLP Midstream Infrastructure Conference – Tallgrass Energy, LP – slide 10
    Natural Gas Transportation Asset Overview Recent Updates Consists of 3 FERC-regulated natural gas transportation & Cheyenne Connector and Cheyenne Hub projects received storage systems (REX, TIGT, and Trailblazer) Environmental…
  11. Citi MLP Midstream Infrastructure Conference – Tallgrass Energy, LP – slide 11
    REX Pipeline Overview Provides natural gas transportation service for North American energy markets Developed REX into the nations northernmost natural gas header system Attractive access to both supply basins and large end user…
  12. Citi MLP Midstream Infrastructure Conference – Tallgrass Energy, LP – slide 12
    Securing Visible REX Cash Flow REX is currently expected to have 500mm of contracted EBITDA in 2020 with (1) additional capacity available for renewal East End 2.7 Bcf/d of East End volume contracted long-term(2) Evaluating…
  13. Citi MLP Midstream Infrastructure Conference – Tallgrass Energy, LP – slide 13
    Crude Oil Transportation Current Footprint Pony System Overview 834-mile FERC regulated crude oil pipeline system from Guernsey, WY / NE Colorado to Cushing, OK Currently expanding system capacity to 420 kbbls/d by late summer 2019…
  14. Citi MLP Midstream Infrastructure Conference – Tallgrass Energy, LP – slide 14
    Seahorse Pipeline Project Tallgrass Energy is developing a new batch-capable, crude oil pipeline from Cushing, Oklahoma to the Gulf Coast Asset Summary Project Design 700 miles; up to 30 pipeline Initial capacity of up to 400…
  15. Citi MLP Midstream Infrastructure Conference – Tallgrass Energy, LP – slide 15
    Plaquemines Liquids Terminal Project Tallgrass Energy is developing the Gulf Coast Plaquemines Liquids Terminal (PLT) Asset Summary Project Design Storage capacity of up to 20 million bbls Ability to load Suezmax (up to one million…
  16. Citi MLP Midstream Infrastructure Conference – Tallgrass Energy, LP – slide 16
    Gathering & Processing Overview Gathering and Processing Tallgrass PRB Footprint Current Assets (1) 1,500 miles of natural gas gathering pipeline through the core of the PRB 190 mmcf/d of processing capacity in the PRB and Wind…
  17. Citi MLP Midstream Infrastructure Conference – Tallgrass Energy, LP – slide 17
    BNN Water Solutions Overview Water Business Services Current Assets Bakken Assets Freshwater transportation and saltwater gathering and disposal system in the DJ Basin Water disposal and gathering in the Bakken Water disposal…
  18. Citi MLP Midstream Infrastructure Conference – Tallgrass Energy, LP – slide 18
    Terminals Overview Tallgrass currently owns and/or operates 8 crude oil terminals positioned along the Pony Express system Guernsey Pawnee Sterling 0.4 million bbl terminal serving Powder River Serves as injection point for NECL…
  19. Citi MLP Midstream Infrastructure Conference – Tallgrass Energy, LP – slide 19
    Tallgrass Joint Ventures Existing Joint Venture Overview Tallgrasss ownership in non-wholly owned investments currently consists of the following: Natural Gas Transportation 75% of Rockies Express Pipeline LLC Each of Western Gas…
  20. Citi MLP Midstream Infrastructure Conference – Tallgrass Energy, LP – slide 20
    Tallgrass Energy 2019 EBITDA and CAD Reconciliation Summary Financial Information Three Months Ended Six Months Ended (in millions) June 30, 2019 June 30, 2019 Net income attributable to TGE 71.6 122.2 Add: Interest expense, net…
  21. Citi MLP Midstream Infrastructure Conference – Tallgrass Energy, LP – slide 21
    Tallgrass Energy 2018 EBITDA and CAD Reconciliation Summary Financial Information Year Ended (in millions, except coverage) December 31, 2018(1) Net income 455.9 Net income attributable to noncontrolling interests (235.2) Net…
  22. Citi MLP Midstream Infrastructure Conference – Tallgrass Energy, LP – slide 22
    Tallgrass Energy EBITDA Reconciliation Summary Financial Information Year Ended December 31, 2017 2016 2015 2014 2013 Tallgrass Energy Partners, LP (TEP) (1) (in millions) Net income attributable to partners 434.0 270.5 172.9 77.1…
  23. Citi MLP Midstream Infrastructure Conference – Tallgrass Energy, LP – slide 23
    Tallgrass Energy Q2 2019 Segment EBITDA Reconciliation Summary Financial Information (1) Three Months Ended June 30, 2019 Natural Gas Transportation (in millions) Operating income 17.0 Add: Depreciation and amortization expense…

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