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1Q 2020 Earnings Presentation – Enterprise Products Partners LP

Enterprise Products Partners LP · Apr 29, 2020 · 19 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 1Q 2020 Earnings Presentation – Enterprise Products Partners LP – slide 1
    FIRST QUARTER 2020 EARNINGS SUPPORT SLIDES April 29, 2020
  2. 1Q 2020 Earnings Presentation – Enterprise Products Partners LP – slide 2
    Qualifying Statements This supplemental package of earnings support slides provides highlights of major variances for the quarter. This data should be read in conjunction with the information contained in the earnings release for the…
  3. 1Q 2020 Earnings Presentation – Enterprise Products Partners LP – slide 3
    Indicative Attribution of Gross Operating Margin Slides 6 and 911 attribute gross operating margin (GOM) among fee-based, commodity-based and differential-based business activities. Most activities fit easily into one category; however,…
  4. 1Q 2020 Earnings Presentation – Enterprise Products Partners LP – slide 4
    Enterprise 2020 Financial Outlook Capital Expenditure Updates 2020 Growth Capital Forecast: 2.53 billion Deferred and/or reduced by 1B compared to previous 2020 forecast Currently forecasting 2021 and 2022 growth capital of 2.5B and…
  5. 1Q 2020 Earnings Presentation – Enterprise Products Partners LP – slide 5
    Durability of the Business Reduce risk through a focus on quality Quality Earnings(1) Quality Customers 2019 GOM 9.0 8.3B 2019 Top 200 Customers 2019 Top 10 Customers 8.0 10% HY / Not Rated 5% 7.0 4% LC LC 13% 4% 6.0 HY /…
  6. 1Q 2020 Earnings Presentation – Enterprise Products Partners LP – slide 6
    Capital Updates 6.9B of Major Capital Projects Under Construction Highlighted Major Capital Projects Forecast In-Service 1Q 20 2Q 20 3Q 20 4Q 20 2021+ Mont Belvieu Area Fractionators 10 & 11 1Q 2020 & 3Q 2020 In-Service Natural…
  7. 1Q 2020 Earnings Presentation – Enterprise Products Partners LP – slide 7
    Gross Operating Margin Bridge in MMs 1Q 2020 vs. 1Q 2019 in MMs 1Q 2020 vs. 4Q 2019 (66) (95) 1Q Non-Cash New & Existing Legacy Marketing 1Q 4Q 2019 Non-Cash New & Existing Legacy Gas Marketing 1Q 2020 2019 MTM Expanded Assets…
  8. 1Q 2020 Earnings Presentation – Enterprise Products Partners LP – slide 8
    Indicative Attribution of Gross Operating Margin 9.0 8.3B 8.0 10% 7.3B 4% 7.0 8% Gross Operating Margin in Billions 6% 6.0 5.7B 5.2B 6% 5% 5.0 5% 4% 4.0 86% 86% fee-based fee-based 3.0 89% fee-based 91% 2.0B 2.0…
  9. 1Q 2020 Earnings Presentation – Enterprise Products Partners LP – slide 9
    Indicative Attribution of Segment GOM: 1Q 2020 120% 100% 12% 16% 13% 3% 80% % Breakout of GOM 10% 60% 100% * 40% 88% fee-based 84% fee-based 74% fee-based fee-based 20% 0% (1) (2) (3) NGL Segment Crude Segment…
  10. 1Q 2020 Earnings Presentation – Enterprise Products Partners LP – slide 10
    Indicative Attribution of GOM for Select Businesses Natural Gas Processing GOM 600 0.50 500 Mostly Pioneer, 500 Meeker and 0.40 South Texas 400 GOM in SMillions 356 0.30 Price Spread 300 244 0.20 200 169 57% 70%…
  11. 1Q 2020 Earnings Presentation – Enterprise Products Partners LP – slide 11
    NGL Segment 1Q 2020 vs. 1Q 2019 in MMs Gross Operating Margin Bridge (13) 1Q 2019 Non-Cash EHT Export Marketing Shin Oak MAPL, Hobbs Legacy Gas Other 1Q 2020 GOM MTM Change Terminal and (excl. MTM) Pipeline Seminole,…
  12. 1Q 2020 Earnings Presentation – Enterprise Products Partners LP – slide 12
    Crude Oil Segment 1Q 2020 vs. 1Q 2019 in MMs Gross Operating Margin Bridge 5 1Q 2019 Non-Cash MTM EHT Export Seaway Pipeline Midland-to-ECHO Marketing Other 1Q 2020 GOM Change Terminal system (excl. MTM GOM (excl. MTM) &…
  13. 1Q 2020 Earnings Presentation – Enterprise Products Partners LP – slide 13
    Natural Gas Segment 1Q 2020 vs. 1Q 2019 in MMs Gross Operating Margin Bridge 2 1Q 2019 Non-Cash Permian Gathering Haynesville Texas Intrastate Other 1Q 2020 GOM MTM Change Gathering System GOM Details: Non-cash MTM activity…
  14. 1Q 2020 Earnings Presentation – Enterprise Products Partners LP – slide 14
    Petrochemical & Ref. Products Segment 1Q 2020 vs. 1Q 2019 in MMs Gross Operating Margin Bridge 1Q 2019 Non-Cash PDH Facility iBDH, Octane Isoms Beaumont Other 1Q 2020 GOM MTM Change Enhancement, Marine Terminals GOM and HPIB…
  15. 1Q 2020 Earnings Presentation – Enterprise Products Partners LP – slide 15
    SEGMENT GROSS OPERATING MARGIN VARIANCE 1Q20 VS. 4Q19
  16. 1Q 2020 Earnings Presentation – Enterprise Products Partners LP – slide 16
    NGL Segment 1Q 2020 vs. 4Q 2019 in MMs Gross Operating Margin Bridge 4Q 2019 Non-Cash MTM Mont Belvieu MAPL, Seminole, Legacy Gas Marketing Other 1Q 2020 GOM Change Storage Chaparral, and Plants (excl. MTM) GOM Related…
  17. 1Q 2020 Earnings Presentation – Enterprise Products Partners LP – slide 17
    Crude Oil Segment 1Q 2020 vs. 4Q 2019 in MMs Gross Operating Margin Bridge 26 7 4Q 2019 Non-Cash MTM Eagle Ford Pipeline Marketing Midland-to-ECHO, Other 1Q 2020 GOM Change and Terminal JVs (excl. MTM) W.TX and S.TX Systems…
  18. 1Q 2020 Earnings Presentation – Enterprise Products Partners LP – slide 18
    Natural Gas Segment 1Q 2020 vs. 4Q 2019 in MMs Gross Operating Margin Bridge 10 4Q 2019 Non-Cash MTM Marketing Other 1Q 2020 GOM Change (excl. MTM) GOM Details: Non-cash MTM activity resulted in a gain of 29MM in 1Q 2020…
  19. 1Q 2020 Earnings Presentation – Enterprise Products Partners LP – slide 19
    Petrochemical & Ref. Products Segment 1Q 2020 vs. 4Q 2019 in MMs Gross Operating Margin Bridge (9) 4Q 2019 Non-Cash MTM PDH iBDH, Octane TE Products Other 1Q 2020 GOM Change Enhancement and Pipeline and GOM HPIB Related…

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