ENERGY TRANSFER Third Quarter 2019 November 7, 2019
DELIVERING ON ALL FRONTS Operational Q3 2019 Financials Strategic All segments delivered strong Adjusted EBITDA - 2.8 billion SEMG transaction adds results strategic growth platform in Up 8% from Q318 deep-water port on the…
SEMG ACQUISITION 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…
ET & SEMG COMPLEMENTARY ASSETS Expands Crude Oil Asset Footprint Strategic franchise-quality position on the Houston Ship Channel Enhanced connectivity along the U.S. Gulf Coast and throughout ETs system Increases reach into the…
CAPEX OUTLOOK QUICKER CASH GENERATION CYCLE 2019E Growth Capital: 4 billion Reduced guidance from previous estimate by 600-800 million 2019E Adjusted EBITDA increased to 11.0 billion to 11.1 billion Excess cash flow, as well as the…
NON-GAAP RECONCILIATION Pro Forma for Mergers Full Year 2018 2019 2017 Q1 Q2 Q3 Q4 YTD Q1 Q2 Q3 YTD Net income 2,366 489 633 1,391 852 3,365 1,180 1,208 1,161 3,549 (Income) loss from discontinued operations 177 237 26 2 - 265 - - -…