RATTLER MIDSTREAM: INVESTMENT HIGHLIGHTS Q4 2019 Net Income of 51.6 million, up 7% over Q3 2019 and 237% over Q4 2018 Q4 2019 Adjusted EBITDA of 71.0 million, up 6% over Q3 2019 and 164% over Q4 2018 Robust average volume growth in all…
RATTLER: A DIFFERENTIATED MIDSTREAM COMPANY FULLY-FUNDED COMPANY OPERATING ON AN ESTABLISHED ACREAGE POSITION Key Takeaways Areas Of Operation In-basin midstream solutions for Diamondback Energy Scalable, purpose-built Permian…
RATTLERS ASSETS FOCUSED IN DIAMONDBACKS SEVEN CORE AREAS Rattler and Diamondback Asset Map Spanish Trail North: Howard County Produced Water Produced Water Sourced Water Sourced Water N. Delaware Produced Water Spanish Trail…
RATTLER HISTORICAL VOLUMES & PER UNIT EXECUTION GROWING RATTLER VOLUMES TRANSLATES DIRECTLY INTO NET INCOME AND EBITDA GROWTH, WITH A HIGH ROACE Operational execution delivers strong financial results supportive of increased 1.16 per…
DIAMONDBACK IS WELL POSITIONED TO DRIVE RATTLER GROWTH Diamondback Overview Diamondbacks Gross Operated Horizontal Drilling Locations By Basin Diamondbacks strong growth profile, execution track record and Tier 1 Rig Years(2): 33 25…
RATTLER BENEFITS FROM DIAMONDBACK PRODUCTION GROWTH ACROSS BOTH BASINS Diamondbacks 2020 Guidance Implications for Rattler Diamondback 2019A vs. 2020E Gross Completions Rattlers asset footprint translates into capturing Diamondback…
HIGH MARGIN, RETURNS-FOCUSED MODEL WITH 15-YEAR CONTRACTS Diamondback has set Rattler up for free cash flow generation Strong Gross Margins across All Midstream Segments High gross margins and long-term contracts turn Diamondback…
RATTLER PRESENTS IMMINENT FREE CASH FLOW INFLECTION Core operated business free cash flow positive in 2019 and growing in 2020 Core business EBITDA increases with organic volume growth while capex declines as systems are built to…
HIGHLY EFFICIENT JUST IN TIME CAPITAL PROGRAM CAPEX TIMING COORDINATION WITH DIAMONDBACK MAXIMIZES CAPITAL EFFICIENCY AND UTILIZATION - Generic Third-Party Midstream Company 1 Company fully-formed, operations established 1…
RATTLER IS KEY TO DIAMONDBACKS LOW-COST OPERATIONS Rattler Lowers Diamondbacks Effective LOE by Reducing Produced Water Costs Rattler Helps Maximize Diamondbacks Oil Realizations (/Bbl water) (/Bbl oil) Diamondbacks Diamondbacks…
PRODUCED WATER INJECTION WELL ECONOMICS SUPERIOR TO THAT OF PERMIAN BASIN HORIZONTAL OIL WELLS HIGH PRODUCED WATER INJECTION WELL UTILIZATION PROVIDES HIGH RETURN ON CAPITAL EMPLOYED AT RATTLER Delaware (Horizontal Well) Metric Midland…
STAKEHOLDER ALIGNMENT: MIDSTREAM 2.0 Corporate Structure: Economic and governance alignment between stakeholders and sponsor (similar to Midstream 2.0 Viper Energy Partners (NASDAQ: VNOM)) Themes Growth Expectations:…
ORYX MIDLAND OIL GATHERING (OMOG) OVERVIEW OMOG System Overview OMOG System Highlights Long Term Value Through Strong Dedications on Top-Tier Acreage Top 3 producers have 10 years on average of contract term remaining Over 90,000 net…
STRATEGIC JOINT VENTURES WITH LONG-HAUL PIPELINES RATTLER WILL PARTICIPATE IN LONG-HAUL TRANSPORTATION OF SUBSTANTIALLY ALL DIAMONDBACK OIL VOLUMES Wellhead to water solution - In-field oil gathering and equity method investments in…
AMARILLO RATTLER JOINT VENTURE OVERVIEW Amarillo Rattler Overview Amarillo Rattler Gas Gathering, Compression and Processing System Map Joint venture to own, operate and construct natural gas gathering, compression, and processing…
RATTLER FINANCIAL OVERVIEW FINANCIAL STRATEGY RATTLER CAPITALIZATION & CREDIT STATISTICS ( millions) Self-Funding Business Model 12/31/2019 Focus on maximizing stakeholder returns and growing distributions Market Capitalization(1)…
High margin, free cash flow generating business underpinned by long-term contracts Strategic relationship with Diamondback drives Rattlers high growth profile Assets in the core of Permian in both Delaware and Midland…
Rattler Midstream LP Corporate Headquarters Adam Lawlis, Vice President, Investor Relations 500 West Texas Ave., Suite 1200 (432) 221-7400 Midland, TX 79701 irrattlermidstream.com www.rattlermidstream.com 19
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