ENERGY TRANSFER Investor Presentation September 25, 2019
KEY TRANSACTION HIGHLIGHTS Immediately Accretive Premier U.S. Gulf Coast Transaction With No Material Terminal With Stable, Take- Credit Impact or-Pay Cash Flows Generates an Aggregate 500MM of DCF 18.2 MMBbl Crude Storage Capacity &…
ACQUISITION CREATES A UNIQUE COLLECTION OF SYNERGISTIC BUSINESSES THAT WILL DRIVE NEAR- AND LONG-TERM VALUE Gather 13.2 million Strategic acquisition that significantly strengthens ETs crude oil transportation, mmbtu/d of gas &…
CORE STRATEGY UNCHANGED Adds Complementary Maintains Solid Financial Provides Balanced Growth Assets Position Expect 170MM+ annual run- Bolt-on M&A with incremental No material impact on credit rate synergies, including value…
SIGNIFICANT NEAR-TERM AND LONG-TERM BENEFITS Synergies Commercial (80MM) - combination of higher revenues and lower costs Increased utilization rate of HFOTCO docks Dock space has been underutilized expected to increase with…
TRANSFORMING UNDERUTILIZED ASSETS Mont Belvieu 2011 Mont Belvieu 2019 Fracs Frac VI IV & V Frac VIII Frac VII Frac I Frac II Export De-C2 Proposed Lone Star Frac I Frac III Fractionators: 0 Fractionators: 6…
ET & SEMG COMPLEMENTARY ASSETS Fully-integrated midstream platform enhances ability to offer wide range of services to both domestic and international markets Wapiti ALBERTA, CANADA Patterson Creek KA Fox Creek K3 WWC…
SEMGROUP ACQUISITION USA Canada Expands Crude Oil Asset Footprint Strategic franchise-quality position on the Houston Ship Channel ND Enhanced connectivity along the U.S. Gulf Coast MT AB SK and throughout ETs system BC…
FURTHER DEVELOPING A LEADING CRUDE HANDLING PORTFOLIO Presence in Key Liquids Basins Entry into the DJ Basin through SEMGs established asset base of: 90+MBbl/d Crude and 90+MBbl/d NGL White Cliffs Pipelines(1) Wattenberg Oil…
GROWING UNIQUE EXPORT CAPABILITIES Houston Fuel Oil Terminal 330 acre site on the Houston Ship Channel 18 MMBbls crude storage capacity Deep water port with five ship and seven barge docks Rail and truck unloading capabilities…
TED COLLINS PIPELINE - A STRATEGIC CONNECTION ON THE U.S. GULF COAST 75-mile pipeline connecting the Houston Ship Channel and ETs Nederland Terminal Provides best-in-class access to multiple markets Houston Beaumont/Port…
FROM THE WELLHEAD TO THE WATER Natural NGLs Crude Gas Oil Gather 13.2 million Transport 22.9 Capable of exporting Fractionate 700 Transport 4.7 One of the largest MMBtu/d of gas & million MMBtu/d of 1.5 MMBbls/d of MBbl/d…
SUCCESSFUL ACQUISITION TRACK RECORD HPL TUFCO Houston Pipeline Co. 2004 2005 2006 2011 2012 2012 2012 2014 2015 2016 2017 ET Management has a proven track record of successfully integrating acquisitions Knowledge of…
TRANSACTION TIMELINE September 2019 October November 2019 Late 2019 / Early 2020 Sign Agreement Proxy statement / S-4 registration SEMG Announce Transaction statement declared effective by the SEC shareholder vote Begin drafting…
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