Strong Execution Through The Cycle Q2 2020 Results (1) Strongest 1H Adjusted EBITDA and DCF in DCP company history , with 311 million of Q2 Strong Financial Adjusted EBITDA, 632 million 1H; 220 million of Q2 DCF, 440 million 1H…
Deliberate Action & Resiliency 2020 DCF Performance Best 1H in DCP History (MM) Strategic Execution & Self-Help Investment in Fully Effective Vigorous Early action DCP 2.0 integrated COVID-19 cost on capital enabled real-…
Consolidated Q2 2020 Financial Results Strong self-help performance and Logistics margins more than offsetting unfavorable commodity prices and volume declines Distributable Cash Flow(1) 51 (MM) 30 13 220 173 1 (39) (9) Px…
2H Assumptions and Outlook Potential 2H Tailwinds Logistics & Marketing Relatively flat NGL volumes through Q3, with potential Potential upside from continued declines in Q4, due to a forecasted increase in ethane ethane recovery…
Solid Financial Position 2020 Adjusted Gross Margin 19% Ample Liquidity Unhedged Liquidity 1.75B capacity via bank facility and A/R securitization facility; 650MM utilized(1) 11% 81%(3) 1.1B Issued 500 million of senior notes in…
Unleashing the DJ Basin Regulatory Stability No ballot initiatives in 2020 Colorado election cycle, DJ Basin Assets providing increased regulatory certainty Asset type Colorado Governor Polis announced a broad coalition Fractionator…
Differentiating DCP Midstream Harnessing the earnings power of our assets and optimizing benefits from DCP transformation and early downturn mitigation efforts Strong Financial Performance and Position Delivered strongest 1H…
Appendix Financial and Other Supporting Slides 12
Q1 2020 vs. Q2 2020 Financial Results Volume declines and non-recurring severance payments offset by favorable costs and L&M earnings Distributable Cash Flow (MM) 10 8 6 6 4 (22) (9) (3) 220 220 Q1 '20 Actual G&P Non-…
Adjusted EBITDA by Segment Logistics & Marketing Adjusted EBITDA* (MM) 36 2 (5) (1) 213 181 Q2 2019 Gas and NGL Other Margin Costs NGL and Gas Q2 2020 Adjusted EBITDA Marketing Pipelines Adjusted EBITDA Gathering &…
Volumes by Segment NGL Pipeline Volume Trends and Utilization Q2 2020 Southern Q2'19 Q1'20 Q2'20 Q2'20 Average Hills volumes up Gross Average NGL Average NGL Average NGL Approx System Capacity Net Capacity Throughput Throughput…
2020 and 2021 Hedges Hedge Position as of July 31, 2020 Commodity Q1 2020 Q2 2020 Q3 2020 Q4 2020 2020 Avg. 2021 Avg. Total Equity Length Hedged(2) NGLs hedged (Bbls/d) 10,352 10,352 13,011 13,011 11,681 4,241 Targeted average…
Margin by Segment* MM, except per unit measures Q2 2020 Q1 2020 Q4 2019 Q3 2019 Q2 2019 Gathering & Processing (G&P) Segment Natural gas wellhead - Bcf/d 4.49 4.94 5.00 4.96 4.87 (1) Segment gross margin including equity earnings…
Disciplined and Strategic Growth Projects in Progress or Recently In-Service Est. 100% Total Est. Expected (MM net to DCPs interest for JVs) Capacity CapEx (MM) In-Service Gathering & Processing Latham 2 Offload Long-term gas…
Non-GAAP Reconciliations 19
Non-GAAP Reconciliations Three Months Ended Year to Date Ended June 30, June 30, ( in millions) 2020 2019 2020 2019 Logistics and Marketing Segment Segment net income attributable to partners 177 185 413 332 Operating and…
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