RATTLER MIDSTREAM: INVESTMENT HIGHLIGHTS Q2 2019 Net Income of 46.7 million, up 19% over Q1 2019 and 202% over Q2 2018 Q2 2019 Adjusted EBITDA of 66.6 million, up 11% over Q1 2019 and 161% over Q2 2018 Robust average volume growth in…
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 SWD SWD Fresh Water Fresh Water Vermejo SWD Spanish Trail Glasscock County(1) SWD SWD Fresh…
DIAMONDBACK IS WELL POSITIONED TO DRIVE RATTLER GROWTH Diamondback Overview Diamondback Net Production Growth Over Time Diamondbacks strong growth profile, execution track record and Tier 1 (Boe/d) inventory depth support Rattlers…
RATTLER HISTORICAL VOLUMES & PER UNIT EXECUTION GROWING RATTLER VOLUMES TRANSLATES DIRECTLY INTO EBITDA AND NET INCOME GROWTH, WITH A HIGH ROACE Operational execution delivers strong financial results supportive of initial 1.00 per…
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 Oil Gathering High gross margins and long-term contracts turn…
RATTLER PRESENTS IMMINENT FREE CASH FLOW INFLECTION Core operated business free cash flow positive in 1H 2019(1) Core business EBITDA increases with organic volume growth while capex declines as systems are built to maximum required…
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 SWD Costs Rattler Helps Maximize Diamondbacks Oil Realizations (/Bbl water) (/Bbl oil) Diamondbacks Diamondbacks ownership…
SWD ECONOMICS SUPERIOR TO THAT OF PERMIAN BASIN OIL WELLS HIGH SWD UTILIZATION PROVIDES HIGH RETURN ON CAPITAL EMPLOYED AT RATTLER Delaware (Horizontal Well) Metric Midland (Horizontal Well) Metric Lateral Length 10,000 Ft. Lateral…
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:…
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 investments in Gray Oak,…
RATTLER FINANCIAL OVERVIEW FINANCIAL STRATEGY RATTLER CAPITALIZATION Self-Funding Business Model millions 6/30/2019 Focus on maximizing stakeholder returns and growing distributions Cash 4 Critical to Diamondbacks full-field organic…
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 16
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