ENERGY TRANSFER Fourth Quarter and Full-Year 2019 Earnings February 19, 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…
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…
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 9 1 White…
NON-GAAP RECONCILIATION 10 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…