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3Q 2019 Earnings Presentation – Shell Midstream Partners Lp

Shell Midstream Partners Lp · Nov 1, 2019 · 12 slides

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Slides

  1. 3Q 2019 Earnings Presentation – Shell Midstream Partners Lp – slide 1
    Shell Midstream Partners, L.P. (SHLX) Q3 2019 Results November 1, 2019 Shell Midstream Partners 1
  2. 3Q 2019 Earnings Presentation – Shell Midstream Partners Lp – slide 2
    Summary Q3 2019 meeting financial commitments, even with hurricane impact: Adjusted EBITDA 186 million, CAFD 153 million(1) Quarterly distributions increased to 0.445 per unit, a 3.5% increase over prior quarter Operational…
  3. 3Q 2019 Earnings Presentation – Shell Midstream Partners Lp – slide 3
    Zydeco Operational Update: Competitive asset matches needs of customers Zydeco Mainline Throughput Volume, kbpd Highlights Onshore volumes improve with full quarter of being fully Offshore Onshore subscribed with new contracts 800…
  4. 3Q 2019 Earnings Presentation – Shell Midstream Partners Lp – slide 4
    Operational Update: Offshore is resilient and growing Offshore Throughput Volume, kbpd Highlights Continued strong producer performance, offset by one 2,073 time hurricane impacts 1,974 2,010 2,002 1,921 359 Appomattox ramp up…
  5. 3Q 2019 Earnings Presentation – Shell Midstream Partners Lp – slide 5
    Gulf of Mexico Corridor Strategy In Action Mars Solicitation of Interest for Expansion (1) (1) Mars Pipeline Utilization Rates: 90% of capacity Shell Mars Corridor Production Mars Throughput ('000 barrels per day) 700 Our Corridor…
  6. 3Q 2019 Earnings Presentation – Shell Midstream Partners Lp – slide 6
    Financial Results from Operations Three Months Ended ( million) September 30, 2019 June 30, 2019 Revenue 125 121 Cost and Expenses 76 73 Operating Income 49 48 Income from Equity Method Investments 115 80 Other Income 8 12 Net…
  7. 3Q 2019 Earnings Presentation – Shell Midstream Partners Lp – slide 7
    Non-GAAP Financial Metrics Three Months Ended ( million except per unit amount) September 30, 2019 June 30, 2019 Adjusted EBITDA Attributable to SHLX (1) 186 187 Less: Net Interest Paid Attributable to SHLX 26 21 Maintenance Capital…
  8. 3Q 2019 Earnings Presentation – Shell Midstream Partners Lp – slide 8
    Expected Impacts to Net Income and CAFD 4Q 2019 Planned producer turnarounds of (5) million 4Q 2019 Reimbursement of 9 million related to Mars Storage Shell Midstream Partners 9
  9. 3Q 2019 Earnings Presentation – Shell Midstream Partners Lp – slide 9
    Balance Sheet and Liquidity ( million) As of September 30, 2019 Cash and Cash Equivalents 294 Total Debt Outstanding 2,691 Total Credit Facility Capacity (Inc. Zydeco) 3,590 Shell Midstream Partners 10
  10. 3Q 2019 Earnings Presentation – Shell Midstream Partners Lp – slide 10
    For further questions, please contact Jamie Parker James.Parker2Shell.com +1 832 337 2837 Shell Midstream Partners 11
  11. 3Q 2019 Earnings Presentation – Shell Midstream Partners Lp – slide 11
    Shell Midstream Partners
  12. 3Q 2019 Earnings Presentation – Shell Midstream Partners Lp – slide 12
    Appendix 2 Shell Midstream Partners 14

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