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Fourth Quarter 2019 Conference – Enable Midstream Partners Lp

Enable Midstream Partners Lp · Feb 19, 2020 · 17 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Fourth Quarter 2019 Conference – Enable Midstream Partners Lp – slide 1
    Enable Midstream Partners, LP Fourth Quarter 2019 Conference Call February 19, 2020
  2. Fourth Quarter 2019 Conference – Enable Midstream Partners Lp – slide 2
    2019 Enable Highlights Commercial and Operational Achievements Achieved record full-year natural gas gathered, natural gas processed, natural gas transported, and crude oil and condensate gathered volumes1 Significantly increased…
  3. Fourth Quarter 2019 Conference – Enable Midstream Partners Lp – slide 3
    2019: A Year of Continued Execution 5.31 6.18 4.72 5.56 5.04 Total Gathered 4.88 Transported Tbtu/d Equivalent1 3.71 3.28 Volumes Volumes Tbtu/d +62% since 2016 +27% since 2016 2016 2017 2018 2019 2016 2017 2018 2019…
  4. Fourth Quarter 2019 Conference – Enable Midstream Partners Lp – slide 4
    Financially Strong and Disciplined Cost Discipline 2020F Gross Margin Profile2 Strong Financial Position 37% 93% Fee-Based or Hedged 4.89x 1,800 1,681 4.82x 1,612 37% 4.51x 4.51x 4.56x 1,600 1,422 7% 4% 3.83x…
  5. Fourth Quarter 2019 Conference – Enable Midstream Partners Lp – slide 5
    Gulf Run Pipeline Project Gulf Run Pipeline Project The Gulf Run Pipeline project, backed by a 20-year commitment from cornerstone shipper Golden Pass LNG, will provide access to some of the most prolific natural gas producing…
  6. Fourth Quarter 2019 Conference – Enable Midstream Partners Lp – slide 6
    Q4 2019 Commercial Highlights Gathering and Processing Transportation and Storage Producers remain active across Enables Contracted or extended over 1.2 million Dth/d of gathering footprint with 27 rigs1 currently drilling…
  7. Fourth Quarter 2019 Conference – Enable Midstream Partners Lp – slide 7
    Operational and Financial Results
  8. Fourth Quarter 2019 Conference – Enable Midstream Partners Lp – slide 8
    Operational Performance Overview Natural gas gathered volumes increased for full-year 2019 compared to full-year 2018 primarily as a result of higher gathered volumes in the Anadarko and Ark-La-Tex Basins, partially offset by lower…
  9. Fourth Quarter 2019 Conference – Enable Midstream Partners Lp – slide 9
    Financial Results Financial Results Three Months Ended Dec. 31 Year Ended Dec. 31 2019 2018 % Change 2019 2018 % Change in millions, except per-unit and ratio data Total Revenues 731 950 23% 2,960 3,431 14% Gross Margin1 410…
  10. Fourth Quarter 2019 Conference – Enable Midstream Partners Lp – slide 10
    2020 Focus 1 Strong Financial Position Focused on maintaining strong distribution coverage and investment-grade credit metrics 2 Optimization Continuing to improve efficiency and generate cost savings Commercial Excellence…
  11. Fourth Quarter 2019 Conference – Enable Midstream Partners Lp – slide 11
    Question and Answer Question and Answer
  12. Fourth Quarter 2019 Conference – Enable Midstream Partners Lp – slide 12
    Appendix Appendix
  13. Fourth Quarter 2019 Conference – Enable Midstream Partners Lp – slide 13
    2020 Outlook 2020 outlook provided Nov. 6, 2019, reaffirmed Feb. 19, 2020 2020 Financial Outlook in millions Net Income Attributable to Common Units 385 445 Interest Expense 175 195 Adjusted EBITDA1 1,050 1,150 Series A Preferred…
  14. Fourth Quarter 2019 Conference – Enable Midstream Partners Lp – slide 14
    Derivative Activity and Price Sensitivities Derivative Activity ( in millions) Hedging Summary3 Year Ended Dec. 31 Commodity 2020 2021 Natural Gas (NYMEX) 2019 2018 Exposure Hedged (%) 35% 2% Gain (Loss) on Derivative Activity 16…
  15. Fourth Quarter 2019 Conference – Enable Midstream Partners Lp – slide 15
    Gathering and Processing Segment Results Operational Results Three Months Ended Dec. 31 Year Ended Dec. 31 2019 2018 % Change 2019 2018 % Change Gathered Volumes (TBtu/d) 2.42 2.38 2% 2.34 2.21 6% Anadarko Processed Volumes…
  16. Fourth Quarter 2019 Conference – Enable Midstream Partners Lp – slide 16
    Transportation and Storage Segment Results Operational Results Three Months Ended Dec. 31 Year Ended Dec. 31 2019 2018 % Change 2019 2018 % Change Transported Volumes (Tbtu/d) 5.99 5.72 5% 6.18 5.56 11% Interstate Firm Contracted…
  17. Fourth Quarter 2019 Conference – Enable Midstream Partners Lp – slide 17
    Consolidated Statements of Income Three Months Ended Year Ended December 31, December 31, 2019 2018 2019 2018 2017 2016 (In millions, except per unit data) Revenues (including revenues from affiliates): Product sales 377 609 1,533…

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