Altus Midstream Summary Overview Commentary Simplified Structure In November 2018, Kayne Anderson and Apache formed a Public Investors Apache Corporation publicly-traded midstream C-corp Altus Midstream Company 21%(1) 79%(1)…
Gathering & Processing Overview Asset Map Asset Highlights Rich Gas Processing: 800 MMcf/d of current capacity: 400 MMcf/d of capacity from two cryo trains and 400 MMcf/d of MRU capacity Cryos performing well, consistently able to…
Midstream Agreements with Apache Commercial Agreements with Apache Area of Dedication The area of dedication encompasses a total of 540,000 gross acres (as denoted by the red outline) Includes existing Apache acreage and future…
State of the Art Cryogenic Processing SRX Technology Altus is building SRX cryogenic facilities to capitalize on better ethane recovery and rejection SRX further maximizes processing economics via much higher propane recoveries during…
Joint Venture Pipelines Overview Pipeline Map Commentary Altus owns or has the option to participate in five joint venture pipeline projects 16% of KMIs GCX (Exercised) Nat Gas 27% of KMIs Permian Highway (Exercised) 33% of…
JV Pipeline Recent Developments Expected in-service in late September 2019 (7-10 days earlier than original October 1, Gulf Coast 2019 in-service date) with project cost estimated at 1.75 billion Express Pipeline Currently linepacking…
Financial Overview 10
Financial Overview Financing is secured for planned growth projects, underpinned by 825 million of incremental capital availability from preferred equity and revolver amendment All JV pipeline options have been exercised except Salt…
2019 Updated Guidance Currently expect 2019 Adjusted EBITDA of 70-85 million compares to previous guidance of 75-95 million Change reflects lower than expected EBITDA contribution from EPIC and G&P business, partially offset by…
Near-Term Financing Plan Altus has diversified funding sources to support its current growth plans this year All equity options except Salt Creek NGL Line have been exercised For 2020 and beyond, we are evaluating options for…
Appendix 14
Details on Joint Venture Pipelines Gulf Coast Permian Salt Creek EPIC Crude Shin Oak Express Highway NGL Line Product Natural Gas Crude Natural Gas NGL NGL Operator Kinder Morgan EPIC Kinder Morgan Enterprise Products ARM…
Preferred Equity Financing & Revolver Amendment Preferred Equity Altus Midstream LP has issued 625 million of preferred equity Funded and closed on June 12 Cash distribution rate of 7% per annum, payable quarterly Flexibility to pay…
Glossary of Terms Adjusted EBITDA is defined as net income (loss) including noncontrolling interest before financing costs (net of capitalized interest), net interest expense, income taxes, depreciation, and accretion and adjusting for…
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