External Environment Update WTI / Bbl 75 61 65 Double Black Swan Events 55 45 Since February, the external environment 35 has rapidly deteriorated due to the 21 COVID-19 virus and a global oil pricing 25 war with OPEC and…
2020 Mitigating Actions Distribution Growth Capital (325MM) (450MM+) 50% reduction 75% reduction in growth capital 0.39 per unit or 1.56 annually, beginning Deferred Sweeny option; discussing with the first quarter 2020…
Updated 2020 Financial Outlook (MM) 2020 2020 Variance Guidance Update Growth Capital 550-650 150 (75%) Sustaining Capital(1) 90-110 70 (30%) Total Distribution 650 325 (50%) Cost Reduction 3% 50 5%+ Liquidity(2) - 700 - 1,000…
Capital Allocation Focusing capital allocation priorities on strengthening the balance sheet Financial Priorities Growth Capital Outlook De-emphasize Reduce Organic Leverage Growth 887 Maintain Create Long 856 -83% Credit…
Managing Counterparty Risk Investment Grade Customers(1) Producers vs. Other Customer Types Utilities Not Rated Non-Investment 10% Producers 20% Grade 20% 10% Refiners / Petrochem 100% of producer 20% customers are IG AA / A /…
Gross Margin and Hedges Investments in fee-based growth coupled with hedging program provides downside protection on commodity exposed margin 2020e Adjusted Gross Margin Q1 Q2 Q3 Q4 2020 2021 Hedge position as of 3/26/2020 2020…
DCP Strategic Execution 10
Strong Portfolio of Assets Leading Midstream Provider Integrated Logistics & Marketing and Gathering & Processing business with competitive footprint and geographic diversity Unparalleled interconnectivity and access to…
DCP Business Evolution 2010* 2020 Extended and enhanced Logistics & Marketing value chain Strategically aligned Gathering & Processing footprint Opportunistic consolidation, right-sizing the portfolio DCP 2.0 transformation…
Integrating & Enhancing the Value Chain Strategic G&P footprint feeding growing Logistics asset base Driving customer volumes to multiple market centers along the Gulf Coast Q3 2019 OConnor 2 plant PROCESSING Q4 2019 OConnor 2…
Disciplined and Strategic Growth Projects in Progress Est. 100% Total Est. Expected (MM net to DCPs interest for JVs) Capacity CapEx (MM) In-Service Gathering & Processing WES Processing Offload Long-term gas processing offload…
DCP 2.0 Driving the Operations of the Future DCP 2.0 Strategic Objectives Achieve Real-Time Digitally Enable the Increase Cash Flow While Optimization and Decision Business and Workforce Diminishing Risk Making Utilize real-time…
ICC and Remote Operations Integrated Collaboration Center (ICC) Linking Numerous Data Sources SCADA Financial Real-Time Engineering KPIs Contracts and DCS Data Prices Data Integrated Collaboration Center Remote Operations…
Sustainability 17
Highlights from the Inaugural DCP Midstream Sustainability Report DCP is committed to safety, social responsibility, diversity, environmental leadership, operational excellence, and ethical business practices to ensure the decisions we…
DCP 2.0 Environmental Management Transformation We recognize our critical responsibility to provide safe, affordable, reliable energy, while reducing our contribution to, and mitigating the impacts of climate We are leading the change.…
Segment Overviews 20
Logistics and Marketing (L&M) Overview DCP Logistics Assets The Logistics & Marketing segment is fee-based or fee-like and includes NGL and gas takeaway pipelines, marketing, trading, storage, and fractionators. Sand Hills provides…
L&M Ownership & Customers NGL and gas pipelines provide open access to premier demand markets Legend: DCP operated Third party operated Customer Centric NGL Pipeline Takeaway Southern Hills DCP 67% owner Front Range…
Gathering and Processing (G&P) Overview North Assets Permian Assets South Assets Midcontinent Assets DJ Basin Delaware Basin Eagle Ford SCOOP/STACK 10 active plants 4 active plants 5 active plants 6 active plants 1,160 MMcf/d net…
Diverse Producer Customers in Key Basins DJ Basin (North) Midcontinent Permian South Volume and margin portfolio supported by long-term agreements with diverse high- quality producers in key regions 24
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