Hess Midstream Investor Relations Presentation January 2020
Leading Midstream Platform Delivering Long-Term, Competitive Growth Visible Organic Growth From Leading Business Model With Strategic Infrastructure serving Hess and Third Parties 8 billion enterprise value midstream platform(1)…
Hess Bakken Upstream
Hess Bakken Upstream Growth Engine Leading Acreage Position Delivering Long-Term Volume Growth Material Position in Premium Tight Oil Play Leading acreage position: 550,000 net acres (Hess 75% WI, operator) Competitive More gross…
Significant Future Production Growth Hess Expects Bakken Net Production to Grow to 200 MBoe/d by 2021 Hess Bakken Net Production(1) (MBoe/d) Significant Inventory of High Return Well Locations 20% Number of Locations with IRRs at 15% or…
Hess Midstream
Hess Corporation Focus on Sustainability Hess Midstream maintains same safety, environmental, and SR commitment Safety Climate Change & Environment Social Responsibility Enterprise-wide focus on Committed to developing oil and gas…
Integrated Gas Processing and Gathering Offers Processing and Export Optionality to Hess and Third Parties 350 MMcf/d of Gas Processing Capacity Tioga Gas Plant capacity of 250 MMcf/d incl. ethane extraction Little Missouri 4 plant…
Integrated Crude Oil Terminaling and Gathering Offers Terminaling and Export Optionality to Hess and Third Parties 385 MBbl/d of Crude Oil Terminaling Capacity 15% 285 MBbl/d Ramberg Terminal Facility (RTF) export capacity 85% 100…
Growing Water Services Assets Offers Integrated Water Handling Services to Hess and Third Parties Rapidly Growing Business Line Extensive Bakken water gathering footprint north of the Missouri River Increased operational…
Focused and Disciplined Capital Allocation Multiple Growth Opportunities Opportunities to Deploy Capital 2020 Capital Program(1) Focused and Expanding processing capacity from 350 MMcf/d Area (MM) to 500 MMcf/d by mid-2021 Efficient…
Stable, Growing Cash Flows Supported by Long-Term Commercial Contracts with Hess MVCs provide ongoing Annual fee recalculation for changes in volume near-term downside protection forecast to maintain EBITDA stability 10-Year…
Established Track Record Proven Effectiveness of Long-Term Commercial Contracts Demonstrated cash flow protection during the oil price downturn Hess Bakken Operated Rig Count(1) Hess Bakken Net Production(1) (MBoe/d) Consolidated…
Hess Midstream Attractive Value Proposition Differentiated Fundamentals with Peer-Leading Financial Metrics(1) 2019E 2021E 2021E Unlevered Total Debt / Adjusted EBITDA CAGR Free Cash Flow Conversion(2) 2019E Adjusted EBITDA 25%…
Hess Midstreams Strengths Large Scale Full Service Midstream Provider in the Bakken Integrated Portfolio With Meaningful Scale Multiple Layers of 25% Adjusted EBITDA Growth and Forward Growth Targeted 15% Annualized DPS Growth…
Reconciliation to GAAP Metrics Non-GAAP Financial Measures We define Adjusted EBITDA as net income (loss) before net interest expense, income tax expense (benefit), depreciation and amortization and our proportional share of depreciation…
Reconciliation to GAAP Metrics The below table presents a reconciliation of Adjusted EBITDA to net income, the most directly comparable GAAP financial measure, for each of the periods indicated. Predecessor HESM (1) Historical (in…
Hess Midstream Structure Asset Ownership: Consolidated ownership of all of the gathering, processing, terminaling, Hess Midstream Structure (Simplified) and water assets in entity with significant scale Broader Investor Appeal: HESM…
Loading...
