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1Q 2020 Earnings Presentation – Targa Resources Partners Lp

Targa Resources Partners Lp · May 19, 2020 · 14 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 – Targa Resources Partners Lp – slide 1
    Targa Resources Corp. First Quarter 2020 Earnings Supplement May 7, 2020
  2. 1Q 2020 Earnings Presentation – Targa Resources Partners Lp – slide 2
    Forward Looking Statements Certain statements in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as…
  3. 1Q 2020 Earnings Presentation – Targa Resources Partners Lp – slide 3
    Strategic Update Remain focused on safeguarding employee health and safety and ensuring safe and reliable operations in response to COVID-19 Taking several proactive measures to protect our employees and ensure safe continuity of…
  4. 1Q 2020 Earnings Presentation – Targa Resources Partners Lp – slide 4
    Operational Performance G&P Segment 1Q20 Highlights: Field G&P Natural Gas Inlet Volumes and NGL Production Field G&P Natural Gas Inlet 4,500 600 4,000 Permian volumes +32% year over year; volumes flat 500 Inlet Volume…
  5. 1Q 2020 Earnings Presentation – Targa Resources Partners Lp – slide 5
    Operational Performance Downstream Segment 1Q20 Highlights: Targa Fractionation Volumes 700 NGL Transportation 600 625 597 Throughput (MBbls/d) Targas Grand Prix NGL Pipeline throughput deliveries into Mont 500 513 509…
  6. 1Q 2020 Earnings Presentation – Targa Resources Partners Lp – slide 6
    Financial Performance 1Q 2020 vs. 1Q 2019 Adjusted EBITDA Bridge 550 500 450 400 350 millions 300 250 200 150 100 50 0 1Q19 EBITDA G&P G&P Downstream Downstream G&A Non-Controlling 1Q20 EBITDA Gross Margin…
  7. 1Q 2020 Earnings Presentation – Targa Resources Partners Lp – slide 7
    Financial Performance 1Q 2020 vs. 4Q 2019 Adjusted EBITDA Bridge 500 450 400 350 300 millions 250 200 150 100 50 0 (1) 4Q19 EBITDA G&P G&P Downstream Downstream G&A Non-Controlling 1Q20 EBITDA Gross Margin…
  8. 1Q 2020 Earnings Presentation – Targa Resources Partners Lp – slide 8
    Business Mix 1Q 2020 Field Gathering & Processing Business Mix Downstream Operating Margin 1Q 2020 Segment Operating Margin Operating Margin 1Q 2020 100% 100% 75% 75% 65% 35% 50% 50% 47% / 53% 25% 25% 0% 0% SouthTX &…
  9. 1Q 2020 Earnings Presentation – Targa Resources Partners Lp – slide 9
    2020 Financial Estimates Adjusted EBITDA Estimate FY 2020E ( in millions) 1,400 - 1,625 Updated range takes into consideration a wide range of volume assumptions related to producer customer activity and completions levels given…
  10. 1Q 2020 Earnings Presentation – Targa Resources Partners Lp – slide 10
    Risk Management Hedging Program Further Strengthens Cash Flow Stability Field G&P Hedging Update Commodity Price Sensitivity(1) 2020 2021 Volumes Exposure Wtd. Avg. Volumes Exposure Wtd. Avg. 2020E Adj. EBITDA Commodity Hedged…
  11. 1Q 2020 Earnings Presentation – Targa Resources Partners Lp – slide 11
    Reconciliations
  12. 1Q 2020 Earnings Presentation – Targa Resources Partners Lp – slide 12
    Non-GAAP Measures Reconciliation This presentation includes the non-GAAP financial measures of Adjusted EBITDA. The presentation provides a reconciliation of this non-GAAP financial measures to its most directly comparable financial…
  13. 1Q 2020 Earnings Presentation – Targa Resources Partners Lp – slide 13
    Non-GAAP Reconciliations - Estimated 2020 Adjusted EBITDA Reconciliation of estimated net income attributable to TRC Full Year 2020E to estimated Adjusted EBITDA (In millions) (1) Net loss attributable to TRC (1,706.0) Impairment…
  14. 1Q 2020 Earnings Presentation – Targa Resources Partners Lp – slide 14
    Visit us at targaresources.com Contact Information: Email: InvestorRelationstargaresources.com Phone: (713) 584-1000 811 Louisiana Street Suite 2100 Houston, TX 77002

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