Hess Midstream Partners LP Investor Relations Presentation August 2018 1
Hess Midstreams Strengths Large Scale Full Service Midstream Provider in the Bakken Strong Sponsors Delivering Targeted 15% Annualized Strategically Located Assets Distribution Per Unit Growth Visible Organic Growth…
Designed to Deliver Growth MLP Platform Built to Deliver Long-Term, Competitive Growth Clear line-of-sight to targeted long-term 15% DPU growth: 2018 DCF Guidance Delivers Targeted 15% annual 1. Visible organic growth complemented by…
Hess Bakken Upstream Growth Engine Material Investment Driving Long-Term Volume Growth Hess 2018 Guidance1 Driving Long-Term Net Production Growth Hess Bakken Net Production (MBoe/d) The Bakken 160 140 represents 47% of 15-20%…
Premier Upstream Acreage Position Hess Competitively Advantaged Inventory in Core of the Play Large-Scale Footprint in the Core of the Bakken Abundant Inventory of Economic Locations at Current Oil Prices 2,900 Future Operated Drilling…
Integrated Gas Processing and Gathering Offers Processing and Export Optionality to Hess and Third Parties 350 MMcf/d of Gas Processing Capacity1 Tioga Gas Plant (TGP) capacity of 250 MMcf/d including ethane extraction; with option…
Integrated Crude Oil Terminaling and Gathering Offers Terminaling and Export Optionality to Hess and Third Parties 382 MBbl/d of Crude Oil Terminaling Capacity 15% 282 MBbl/d Ramberg Terminal Facility (RTF) export capacity 85% 100…
Multiple Layers of Forward Growth Portfolio of Opportunities to Drive Future EBITDA Growth Gas Processing Volume & Capacity (MMcf/d) Future 50 Volume capture opportunity from existing trucked Option Under Existing and flared volumes…
Stable, Growing Cash Flows Supported by Long-Term Commercial Contracts with Hess MVCs provide ongoing Annual fee recalculation for changes in volume near-term downside protection forecast to maintain EBITDA stability 10-Year…
Established Track Record Proven Effectiveness of Long-Term Commercial Contracts Demonstrated cash flow protection during the oil price downturn Hess Bakken Hess Bakken Net Production (MBoe/d) Consolidated Adjusted EBITDA1 (MM)…
Significant Financial Flexibility Ability to Primarily Self Fund Growth Generating Free Cash Flow and Self Funding Growth Unused 300 MM revolving credit facility1 30MLP Adj. EBITDA (MM) Expansion Capex (MM) 100 93-98 25 90 21 21 80…
Highly Visible Growth Multiple Options to Deliver Targeted Growth Guided DCF delivers targeted 15% annual DPU growth at 1.1x coverage Delivering Targeted Distribution Growth Quarter on Quarter 2017 2018 0 0.345 0 0.33 Financials…
Hess Midstreams Strengths Large Scale Full Service Midstream Provider in the Bakken Consistently Delivering Targeted 15% Annualized Distribution Per Unit Growth Hess is a leading global E&P company Strong Sponsors GIP is a leading…
Highly Visible Growth Reconciliation to GAAP Metrics Non-GAAP Financial Measures We define Adjusted EBITDA as net income (loss) plus net interest expense, income tax expense (benefit) and depreciation and amortization, as further adjusted…
Platform for Midstream Growth With Strong Sponsorship Capital structure to fund growth - HESM undrawn 300MM revolver as of 6/30/18 50% 50% Ownership Ownership - Primarily self funding expansion capex Other Midstream Assets Hess…
Midstream Market Optionality Providing Access to Key Export Routes Tioga Rail Terminal Rail to East Coast Rail to West Coast Crude Oil Enbridge Ramberg Terminal Facility DAPL Andeavor Refinery DAPL Johnsons Corner…
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