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DTE Midstream Acquisition – DTE Energy Co.

DTE Energy Co. · Oct 18, 2019 · 16 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. DTE Midstream Acquisition – DTE Energy Co. – slide 1
    DTE to Acquire Midstream Assets Expanding DTEs Midstream Business into High-Growth Basin with Strong Financial Returns 1
  2. DTE Midstream Acquisition – DTE Energy Co. – slide 2
    Safe Harbor Statement Certain information presented herein includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations,…
  3. DTE Midstream Acquisition – DTE Energy Co. – slide 3
    Participants Jerry Norcia President and CEO David Slater GSP President and COO Peter Oleksiak Senior Vice President and CFO Barbara Tuckfield Director, Investor Relations 3
  4. DTE Midstream Acquisition – DTE Energy Co. – slide 4
    Expanding Growth Platform and Increasing Value Creation with Acquisition of High-Quality Midstream Assets Premier assets in high-growth Haynesville basin Existing fully contracted gathering system Existing Gathering System Fully…
  5. DTE Midstream Acquisition – DTE Energy Co. – slide 5
    Transaction Overview Purchase Price1 2.25B in cash plus milestone payment upon completion of gathering pipeline in development Financing2 50% equity (predominantly mandatory convertible equity units) and 50% senior unsecured debt…
  6. DTE Midstream Acquisition – DTE Energy Co. – slide 6
    Midstream System with High-Quality Assets in Haynesville Basin Gathering System Fully contracted including minimum volume commitments Current capacity of 1.2 Bcf/d; current utilization exceeds 95% Primarily dry gas gathering; the…
  7. DTE Midstream Acquisition – DTE Energy Co. – slide 7
    Strong Producer with High-Quality Resource; Well-Positioned Among Dry Gas Formations in the U.S. Strong Producer with High-Quality Resource U.S. Gas Supply Stack1 (wellhead breakeven /MMBtu) Largest natural gas producer in Louisiana…
  8. DTE Midstream Acquisition – DTE Energy Co. – slide 8
    Long-Term Contracts Include Minimum Volume Commitments, Demand Charges and Strong Credit Provisions 13.5 year gathering system Agreement With Indigo Fully and 10 year gathering Contracted Strengthened by Credit Provisions pipeline…
  9. DTE Midstream Acquisition – DTE Energy Co. – slide 9
    Well-Positioned in Haynesville to Serve Growing Gulf Coast and Southeast Markets Perryville Hub Haynesville basin poised for continued growth Access to multiple downstream pipelines with Carthage Hub bi-directional capability…
  10. DTE Midstream Acquisition – DTE Energy Co. – slide 10
    Capitalizes on DTEs Operating Expertise to Bolster Record of Value Creation Delivered HIGHLY ACCRETIVE organic growth from multiple platforms Vector Pipeline Millennium Pipeline Bluestone Lateral & Gathering NEXUS Pipeline…
  11. DTE Midstream Acquisition – DTE Energy Co. – slide 11
    Accelerates Growth that Solidifies Earnings and Provides Visibility to GSPs 4B - 5B Five-Year Investment Plan DTE Capital Investment ( billions) 20 3.25B acquisition related investment P&I 1.0 - 1.4 GSP Capital Investment 2.25B…
  12. DTE Midstream Acquisition – DTE Energy Co. – slide 12
    Compelling Strategic and Financial Benefits Highly and immediately accretive transaction that accelerates achievement of five-year growth plan High-quality assets underpinned by a strong resource in attractive Haynesville basin…
  13. DTE Midstream Acquisition – DTE Energy Co. – slide 13
    Appendix 13
  14. DTE Midstream Acquisition – DTE Energy Co. – slide 14
    Rapidly Growing Haynesville Basin U.S. Gas Supply by Basin Bcf/d 112 100 16 '14-18 '18-23 '23-30 14 CAGR CAGR CAGR 83 19 (%) (%) (%) 9 16 69 Haynesville 11.6% 8.4% 2.4% 9 6 20 5 21 18 Permian 15.8% 12.2% 2.4% 15 15…
  15. DTE Midstream Acquisition – DTE Energy Co. – slide 15
    Haynesville is Well-Positioned to Serve Growing Gulf Coast Demand Centers U.S. Gulf Coast Demand by Sector Bcf/d 43 Gulf Coast demand growth is driven 1 Commercial by the electric and industrial sectors and LNG exports 11…
  16. DTE Midstream Acquisition – DTE Energy Co. – slide 16
    Reconciliation of Reported to Operating Earnings (Non-GAAP) Use of Operating Earnings Information Operating earnings exclude non-recurring items, certain mark-to-market adjustments and discontinued operations. DTE Energy management…

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