ENERGY TRANSFER Investor Presentation February 2020
2019 HIGHLIGHTS-DELIVERING ON ALL FRONTS Operational Financial Strategic Reported record NGL, natural gas, Adjusted EBITDA Successfully completed acquisition and crude oil transportation Q419- 2.8B; Up 5% from of SEMG throughput,…
UPDATED CAPEX OUTLOOK A DISCIPLINED, QUICKER CASH GENERATION CYCLE 2020E Growth Capital: 3.9-4.1 billion1 Lone Star Express Expansion Mariner East system (ME2, ME2X) Nederland LPG facilities NGL & Refined Products Fractionation…
CORPORATE RESPONSIBILITY ENVIRONMENTAL, SOCIAL & GOVERNANCE (ESG) Energy Transfer is dedicated to responsibly and safely delivering Americas energy Program Highlights Program Accomplishments 2018 EHSQ Alliance Award for…
SEMG ACQUISITION HIGHLIGHTS- COMPLETED DECEMBER 5, 2019 Immediately Accretive Premier U.S. Gulf Coast Transaction With No Material Terminal With Stable, Take- Credit Impact or-Pay Cash Flows Generates an Aggregate 500MM of DCF 18.2…
ET & SEMG COMPLEMENTARY ASSETS Expands Crude Oil Asset Footprint Strategic franchise-quality position on the Houston Ship Channel Provides connectivity along the U.S. Gulf Coast and throughout ETs system Increases reach into the…
TRANSFORMING UNDERUTILIZED ASSETS Mont Belvieu 2011 Mont Belvieu 2020 Fracs Frac VI IV & V Frac VIII2 Frac VII2 Frac I Frac II Export De-C2 Proposed Frac I Frac III ET Fractionators: 0 Fractionators: 6…
TED COLLINS PIPELINE - A STRATEGIC CONNECTION ON THE U.S. GULF COAST 80-mile pipeline to connect the Houston Ship Channel and ETs Nederland Terminal Will provide best-in-class access to multiple markets Houston Houston…
CAPITAL ALLOCATION INCREASED FOCUS ON RETURNS Organic Unit Buy- Distribution Debt Projects backs Increases Retirements Maintain strong investment grade balance sheet Leverage target: 4.0 Continued improvement in debt metrics…
DIVERSIFIED EARNINGS MIX WITH PRIMARILY FEE-BASED BUSINESS Segment1 Contract Structure Strength FY 2019 Adjusted EBITDA by Segment1 More than 9,500 miles connecting Permian, Fees from transporting Crude Oil Bakken and Midcon…
SIGNIFICANT MANAGEMENT OWNERSHIP InsiderInsider Ownership vs Majorvs Ownership Indices Peers ET CEO Unit Purchases 16,000 14mm units in last 12 months 16% 14.4% 14,077 14% 14,000 12,000 3.604 12% 45mm Insider Ownership…
FORESEE SIGNIFICANT EBITDA GROWTH IN 2019 FROM COMPLETION OF PROJECT BACKLOG PROJECT SCOPE IN-SERVICE TIMING NGL & Refined Products Mont Belvieus Frac VI 150 Mbpd fractionator at Mont Belvieu complex In service Q1 2019 Mont Belvieus…
CRUDE OIL SEGMENT BAKKEN PIPELINE PROJECT Bakken Pipeline System1 1,915 mile system connecting Bakken production to ETs Nederland terminal on the Gulf Coast Placed into service June, 2017 Recently completed successful open…
CRUDE OIL SEGMENT PERMIAN EXPRESS PIPELINES Permian Express 1 Permian Express 2 16-inch, 380-mile pipeline 20- & 24-inch, 400-mile pipeline 150,000 barrels per day of capacity 230,000 barrels per day of capacity Provides…
NGL & REFINED PRODUCTS SEGMENT NORTHEAST NGL FRANCHISE Comprehensive Marcellus/Utica Shale solution reaching local, regional and international markets Mariner MarinerEast East Pipeline System Pipeline System Marcus MarcusHook…
NGL & REFINED PRODUCTS SEGMENT ORBIT ETHANE EXPORT PROJECT Orbit Export Pipeline and Facility Orbit Pipeline JV Orbit Joint Venture with Satellite Petrochemical USA Corp includes construction of a new ethane export terminal on the…
NGL & REFINED PRODUCTS SEGMENT PIPELINE AND FRACTIONATION EXPANSION Lone Star Express Expansion Mont Belvieu Fractionation Expansions 24-inch, 352-mile expansion Total of 7 fractionators at Mont Belvieu Will add 400 thousand bbls/d…
GROWING UNIQUE EXPORT CAPABILITIES Houston Terminal 1,200 acre site on USGC 330 acres on Houston Ship Channel 18.2 million barrels of storage 5 ship docks, 7 barge docks Connectivity to Gulf Coast refining complex Pipeline…
MIDSTREAM SEGMENT PERMIAN BASIN INFRASTRUCTURE BUILDOUT Processing Expansion 600 MMcf/d of processing capacity online in 2016 and 2017 Jal Rebel I & II 200 MMcf/d Arrowhead II processing plant Keystone went into service at end…
RENEWED COMMITMENT TO DEVELOP LAKE CHARLES LNG EXPORT TERMINAL Export Project Executed Project Framework Agreement in March 2019 The only brownfield project among those proposed on the U.S. Gulf Coast, providing timeline and cost…
APPENDIX
SEMG ASSET FITS TO EXISTING ET SEGMENTS SEMG Asset ET Segment HFOTCO Cushing Terminal Crude U.S. Liquids White Cliffs1 Wattenburg NGL & Refined Products Maurepas SemGas Midstream SemCAMS Other 24 1 White…
CRUDE OIL SEGMENT Crude Oil Pipelines Crude Oil Acquisition & Marketing 10,770 miles of crude oil trunk and gathering lines located in the Southwest and Crude truck fleet of approximately 575 trucks, 360 Midwest United States…
NGL & REFINED PRODUCTS SEGMENT NGL Storage NGL Pipeline Transportation Fractionation TET Mont Belvieu Storage Hub 50 million 4,515 miles of NGL Pipelines 7 Mont Belvieu fractionators (over 900 Mbpd) barrels NGL storage throughout…
MIDSTREAM SEGMENT Midstream Asset Map Midstream Highlights Volume growth in key regions: Q4 2019 gathered volumes reach a record 14 million mmbtu/d, and NGLs produced were 583,000 bbls/d Permian Capacity Additions: 200 MMcf/d…
INTERSTATE PIPELINE SEGMENT Interstate Asset Map Interstate Highlights Our interstate pipelines provide: Stability Approximately 95% of revenue is derived from fixed reservation fees Diversity Rover Access to multiple shale…
INTRASTATE PIPELINE SEGMENT Intrastate Asset Map Intrastate Highlights Well-positioned to capture additional revenues from anticipated changes in natural gas supply and demand in the next five years Red Bluff Express Pipeline…
NON-GAAP RECONCILIATION 30 Distribution coverage ratio for the three months ended December 31, 2019 is calculated as Distributable Cash Flow attributable to partners, as adjusted, divided by distributions expected to be paid to the…
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