Building Scale with High Quality Midstream Assets Hydrocarbon Transport and Storage ONSHORE OFFSHORE PIPELINE PIPELINE TRANSPORTATION TRANSPORTATION TERMINALS & GATHERING & STORAGE PROCESSING Run Rate Portfolio Mix…
Gulf of Mexico: We Remain Bullish IMPROVING ECONOMICS CONTINUED INVESTMENT 37% Key FIDs in last 12 months: Drilling efficiency improved Chevron Anchor Improving on average since 2014 BP Thunderhorse South Expansion Economics Murphy…
Gulf of Mexico: Resilient and Growing SHLX well positioned to capture growth RDS Filling the Hubs: Mars Corridor EIA Total US Gulf of Mexico Production Shell Deepwater Exploration Thousand boe per day Record high of 2.1 mboe/d in 2020…
Gulf of Mexico Corridor Strategy In Action Mars Negotiations for Expansion and Anchor Corridor Strategy is Working: Anchor Development Highlights: Mars Throughput ('000 barrels per day) 700 600 500 400 300 200 1Q 2016 4Q 2016…
Q3 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…
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…
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…
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
For further questions, please contact Jamie Parker James.Parker2Shell.com +1 832 337 2837 Shell Midstream Partners 11
Shell Midstream Partners
Q3 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…
Appendix 2 Shell Midstream Partners 15
Summary 3Q 2019 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…
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 17