WELLS FARGO CONFERENCE INVESTOR PRESENTATION December 11, 2019 FOCUS ON PEOPLE STRIVE FOR EXCELLENCE BE ETHICAL DELIVER RESULTS BE GOOD STEWARDS
INDEX Devon / Dow Partnership...4 CEO Observations & Execution Priorities.........................5 3Q19 Results..6 2019 Update................9 GIP Stetson Loan.......................10 Our Execution Plan..........11…
DEVON ENERGY ANNOUNCES PARTNERSHIP WITH DOW Innovative partnership supports Devon activity in the STACK Devon / Dow Partnership Announced December 2019 Includes a joint venture (JV) agreement to develop 133 well locations over the…
CEO OBSERVATIONS & EXECUTION PRIORITIES CEO Observations Execution Priorities: targeting up to 75MM of adj. EBITDA in 2020 Business and financial strengths: Enhancing profitability of existing business: Diversified portfolio of…
3Q19 QUARTERLY RESULTS & RECENT UPDATES Generating stable cash flows while reducing capital spend in a changing market Recent Updates MM, unless noted 3Q19 2019 Growth Capital Expenditures, Net to EnLink Expecting FY19 GCE of 630MM,…
PROJECT DEVELOPMENT SUPPORTING OUR GROWTH Executing on a diversified set of growth projects with low target multiples Year Project Name Project Details In-Service Cajun-Sibon III 30-35 Mbbls/d fractionation and pipeline capacity…
2019 CAPITAL EXPENDITURE UPDATE Capex expected to be at the low-end of guidance Tracking to Low-End of Guidance1 YTD Capex Update1 GCE, net to EnLink Diversified Base of Investments1 510MM YTD Spending Large 2019 project FY19E:…
GIP STETSON LOAN BACKGROUND & FACTS Loan Background Key Facts Global Infrastructure Partners (GIP) is EnLinks largest The Loans key covenant is a debt service coverage common unitholder, and owns EnLink Midstream ratio of 1.1x, and the…
OUR EXECUTION PLAN
OUR EXECUTION PLAN Execution priorities focused on delivering long-term value Targeting up to 75MM of adj. EBITDA in 2020 Enhancing Profitability of Strengthening Financial Existing Business Position Optimize operating efficiency,…
ENHANCING PROFITABILITY OF EXISTING BUSINESS Increasing utilization and optimizing performance Growing Market Share: Enhancing Profitability Add new customers in the of Existing Business Permian Capitalize on expanding Gulf Coast…
POSITIONING TO CAPTURE LONG-TERM OPPORTUNITIES Compelling opportunities across a diversified platform PERMIAN NATURAL GAS GROWTH POTENTIAL: Positioning to Capture Further low-cost, high-return expansions Long-term Opportunities of…
POSITIONING TO CAPTURE LONG-TERM OPPORTUNITIES (cont.) Compelling opportunities across a diversified platform OKLAHOMA LEVERAGE LEADING PLATFORM & Positioning to Capture CUSTOMER BASE: Long-term Opportunities Moderating producer…
STRENGTHENING FINANCIAL POSITION Capital discipline paves way to free cash flow generation Growth Capital Disciplined Capital Free Cash Flow Expenditures, net to EnLink Strengthening Financial Allocation Generation Position Focusing…
STRENGTHENING FINANCIAL POSITION (cont.) Focused on high-return opportunities & free cash flow generation 2020 Growth Capital Expenditures (GCE)1 Strengthening Financial Growth Capital Expenditures Position 275MM 375MM by Project…
DRIVING ORGANIZATIONAL EFFICIENCY Delivering G&A savings through cost management, productivity, & service Initiatives Underway: Driving Organizational Efficiency Extensive cost management initiatives, including: o Consolidating office…
DRIVING ORGANIZATIONAL EFFICIENCY (cont.) Creating value through strong ESG performance Environmental Social Governance Driving Organizational Proactively minimizing environmental impact before, during, and after construction of our…
OUR EXECUTION PLAN Building momentum to achieve long-term sustainable value Enhancing Positioning to Strengthening Driving Profitability of Capture Long- Financial Organizational Existing Business term Opportunities Position…
Appendix
LARGE, INTEGRATED ASSET PLATFORM Premier production basins connected to key demand centers Anadarko Basin Marcellus / Utica Key Statistics 1,500 21 5.3 Employees Operating Processing Bcf/d Processing Barnett Shale assets in 7…
MIDLAND PLATFORM Midland Overview Three pronged commodity strategy 470 MMcf/d Midland Basin processing capacity expected by 4Q19: o 5 processing facilities in operation o 65 MMcf/d Riptide plant expansion; additional capacity…
DELAWARE PLATFORM Delaware Overview Three pronged commodity strategy 575 MMcf/d Delaware Basin operating processing capacity expected in 2020: o 3 processing facilities in operation today with 375 MMcf/d capacity o Incremental…
LOUISIANA PLATFORM Louisiana Overview Positioned to supply growing demand market 5 Gulf Coast fractionators o 193 Mbbl/d of fractionation capacity in Louisiana o 56 Mbbl/d of fractionation capacity in Mont Belvieu 1.9 Bcf/d…
CENTRAL OKLAHOMA PLATFORM Oklahoma Overview Size, Scale & Diversification Results in 1.2 Bcf/d of Central Oklahoma gas processing capacity to support STACK and SCOOP development o 4 operational processing facilities 2,000 miles…
NORTH TEXAS PLATFORM North Texas Overview Anchor position in the Barnett 1.0 Bcf/d operating processing capacity o 2 operating processing facilities 15 Mbbl/d of fractionation capacity 4,000 miles of pipeline 325,000…
ENLINK ORGANIZATIONAL STRUCTURE Public ENLC Global Infrastructure Holders Partners (GIP) Non-economic managing interest 48% 41% EnLink Midstream Class C Unitholders1 Manager, LLC 11% non- economic interest EnLink Midstream,…
QUARTERLY SEGMENT PROFIT & VOLUMES AS PRESENTED WITH 2019 REPORTING SEGMENTS Three Months Ended In millions unless otherwise noted Sept. 30, Dec. 31, Mar. 31, Jun. 30, Sept. 30, 2018 2018 2019 2019 2019 Permian Segment Profit 38.5…
RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO ADJUSTED EBITDA AND DISTRIBUTABLE CASH FLOW OF ENLC Three Months Ended All amounts in millions 3/31/2019 6/30/201919 9/30/2019 Net cash provided by operating activities…
RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED EBITDA OF ENLC Three Months Ended All amounts in millions 9/30/2018 12/31/2018 3/31/2019 6/30/2019 9/30/2019 Net income (loss) 45.0 (237.1) (134.8) 9.1 37.5 Interest expense, net of…
RECONCILIATION OF ENLCS OPERATING INCOME (LOSS) TO GROSS OPERATING MARGIN OF ENLC All amounts in millions Q3 2019 Permian Louisiana Oklahoma North Texas Corporate Total Operating income 96.5 General and administrative expenses 38.5…
RECONCILIATION OF ENLCS OPERATING INCOME (LOSS) TO GROSS OPERATING MARGIN OF ENLC All amounts in millions Q4 2018 Permian Louisiana Oklahoma North Texas Corporate Total Operating loss (190.1) General and administrative expenses 40.5…
NON-GAAP FINANCIAL INFORMATION, OTHER DEFINITIONS, AND NOTES (CONT.) Other definitions and explanations of terms used in this presentation: 1) ENLK Series B Preferred Units means Series B Cumulative Convertible Preferred Units of EnLink…
ENLINK.COM FOCUS ON PEOPLE STRIVE FOR EXCELLENCE BE ETHICAL DELIVER RESULTS BE GOOD STEWARDS
Loading...
