Key Investment Highlights Premier asset footprint in the Appalachian Basin Leading footprint in lowest cost natural EQM gathering dedications include approximately 265K acres in core PA Marcellus, 176K acres in core gas basin in the…
Equitrans Midstream Corporation E-Train Basics E-Train cash flows generated solely by distributions from EQM Operating assets held at EQM (a Master Limited Partnership) ETRN owns 117.2 MM common units and 7 MM Class B units of EQM…
Near Term Growth Driven by Firm Projects Backlog includes 4.0 B of investments in projects backed by firm commitments Targeted EQM Estimated Estimated Annual Firm Project Project (1) (6) MM In-Service Date Capital (MM) EBITDA (MM)…
Potential Firm Project Upsides 1 MVP Expansion 500 MMcf/d incremental capacity through compression expansion 2 Hammerhead 200 MMcf/d available capacity 3 MVP Southgate 400 MMcf/d incremental capacity through compression…
Asset Overviews 7
Gathering Assets Integrated asset footprint across core Marcellus & Utica development areas OH Utica Gathering PA Marcellus Gathering 180 miles of high pressure pipeline 370 miles of high pressure pipeline 65,000 HP compression…
Transmission and Storage Assets System aggregates supply and exports to the Strategically Located Assets interstate pipeline system 4.4 Bcf per day current capacity 950-mile FERC-regulated interstate pipeline 18 storage pools with…
Connecting A-Basin Supply to Markets Equitrans Transmission System offers optionality to diverse set of markets Market Takeaway Pipelines Northeast TETCO, TCO, DTI, TGP, NFG Gathering 8.2 Bcf per day(1) Midwest Gulf REX, ET Rover…
Water Assets Complementary service with concentrated footprint Provides full service sourcing and hauling for drilling and completion activities Approximately 160 miles of fresh water pipelines(1) Fresh water access via major…
Mountain Valley Pipeline Long-haul pipeline will be main takeaway artery out of A-basin Delivering supply to the growing natural gas demand Strategic 50+ year pipeline asset markets in southeast U.S. 300-mile, 42 diameter…
Hammerhead Gathering Pipeline Outlet for southwestern PA development to access southeast U.S. demand market (via MVP) Natural gas gathering header pipeline 64-mile pipeline Aggregate gas from several gathering systems 1.6 Bcf per…
MVP Southgate Project driven by demand pull from the tailgate of MVP 70-mile extension into North Carolina Project backed by 300 MMcf per day firm capacity commitment from PSNC Energy Pipe has expansion capabilities up to 900 MMcf/d of…
Financial Overview 15
Financial Summary Strong balance sheet EQM Financial Policy(1) Flat distribution through at least MVP in-service Ample liquidity Quarterly distribution of 1.16 per common unit Current project backlog expected to be funded with…
Stable Cash Flow Profile Greater than 50% of revenue generated from firm reservation charges (take or pay)(1) 78% of revenue from affiliates of investment grade customers(1) Revenue backed by long-term contracts 14-year weighted…
Operating Metrics 47% reduction in gathering O&M expense unit rate Gathering O&M Expense Unit Rate Significant track record of operating in the 0.10 Appalachian Basin 0.09 Gathering O&M expense unit rate reduction driven 0.08 by…
Ample Liquidity to Fund Capital at EQM Revolver Details Funding Plan 3.0 B EQM unsecured revolving credit facility Current project backlog expected to be funded with Approximately 300 MM drawn as of September 30, 2019 retained cash…
EQM Guidance Update Financial Guidance Capital Guidance 2020E (B) 2020E (MM) EQM adjusted EBITDA(1) 1.36 - 1.41 MVP 650 - 700 (2) Net income attributable to EQM 1.05 - 1.10 Gathering 430 - 460 (3) Transmission 100 - 120 Water…
Key Investment Highlights Premier asset footprint in the Appalachian Basin Leading footprint in lowest cost natural EQM gathering dedications include approximately 265K acres in core PA Marcellus, 176K acres in core gas basin in the…
EQM Midstream Partners, LP Non-GAAP Measures Continued Projected firm project EBITDA means the projected earnings before interest, taxes, depreciation and amortization of EQMs firm capacity gathering and transmission projects, including…
Appendix 25
ESG Standards & Practices E-Train is Committed to Ethical, Responsible and Sustainable Business Practices Safety Governance 7,500 hours of safety education and ETRNs board is comprised of 72% training during 2018 independent…
Organizational Structure 117.2 MM common units 7 MM Class B units 60% LP ownership(1) Non-economic GP Convertible Public Preferred 83.2 MM common units 24.6 MM Series A Convertible 40% LP ownership(1) Preferred Units…
EQM Adjusted EBITDA (1) EQM Adjusted EBITDA ( in thousands) Three Months Ended September 30, 2019 Net loss (40,215) Add: Net interest expense 53,923 Depreciation 59,197 Amortization of intangible assets 14,540 Impairments of…
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