Enterprise Products Partners L.P. (NYSE:EPD) NGLs, Crude Oil, Natural Gas, Petrochemicals and Refined Products 50,000 miles of NGL, crude oil, 22 natural gas processing facilities; Fully integrated natural gas, petrochemicals and 24…
Why EPD Diversification: Geographic, Products Market Capitalization: Among highest credit 21 consecutive and Markets 39B ratings in midstream space: years of Enterprise Value: BBB+ / Baa1 distribution 70B TTM June 2020 Leverage(1):…
SUSTAINABILITY PERSPECTIVES
Global Population Growth Development Drives Energy Demand Global Population 12 Years to Grow 10.9 B 2100E Global Population Year +1B People 10 1,000,000,000 1803 2,000,000,000 1927 124 3,000,000,000 1960 33 8 4,000,000,000 1975…
Population and Consumption Outlook Through 2050 Driven by Growth in Non-OECD Asia (1) Non-OECD vs. OECD Population Forecast (EIA) Non-OECD Energy Consumption by Region (EIA) 9 700 8 600 Non-OECD 7 Quadrillion British Thermal…
U.N. Human Development Index (HDI) HDI is a measure of human progress Humanity has experienced significant in terms of health, education and income gains in HDI around the world since 1990 Decent Global Population 1990 Long and…
Energy is Essential for HDI Improvement A strong positive correlation exists between India and China have made significant gains in HDI HDI & energy use per capita since 1990, as energy use per capita increased Size of Circles Depicts…
Global Energy Expectations; Transition All of the Above Energy Approach Needed Global End-use Energy Consumption by Fuel 2019 2050 Expected 453 quadrillion Btus(1) energy consumption Electricity Natural Gas 623 quadrillion Btus(1)…
Non-OECD Asia Has Little Wind and Solar Potential While growing applications for wind and solar energy sources exist, there are limitations to their scalability As depicted in the graphic below, the most suitable locations for…
EPD Environmental, Social, Governance (ESG) The way we do business is as important as the business we do. Dan Duncan, Founder We are Committed to... Our People The Durability Sustainable of & Our Operations Our Business…
FUNDAMENTALS
U.S. Crude Oil Supply Forecast U.S. Oil and Condensate Forecast 14 3,600 13 3,200 12 2,800 Production 11 2,400 Oil Completions per Month Production MMBPD 10 2,000 9 1,600 8 1,200 High Price Scenario 6070/Bbl…
Global Oil Balances Expected to Drain OECD Crude Stocks are 200 MMBbls Above 5 year Average per IEA Estimates Forecasted Crude Oil Supply & Demand Compared to 2019 Annual Average in MMBPD 2019 2020 2021 Crude Oil Supply change vs.…
U.S. Waterborne Crude Exports U.S. Crude Exports 4.0 3.5 3.0 2.5 MMBPD 2.0 1.5 1.0 0.5 0.0 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Houston Corpus Christi All Other Terminals 2019 Average Source:…
YTD 2020: 54% of U.S. NGL Exports went to Asia EPD Export Facilities Handled 40% of Total Exported Volumes Europe: 13% of U.S. NGL Exports Far East Asia: 48% of U.S. NGL Exports YTD 2020 Total U.S. Exported NGLs: 346 MMBbls C2: 38…
Petrochemical Market Update Olefin Prices in Asia 60.0 The COVID-19 pandemic created new demand for single-use plastics (ethylene) and strong demand for 50.0 health-care PPE and household cleaners (propylene), while demand for…
EPD Durable Cash Flows Through Business Cycles CFFO per Unit & Distribution per Unit Gross Operating Margin and DCF 100 3.50 160 2,500 90 2.96 2.96 2.80 3.00 140 80 2,000 120 70 2.20 2.50 2.10 2.17 2.00 100 60 1.92 1.95 1,500…
EPD 2020 Financial Outlook Capital Expenditure Updates 2020 Growth Capital Forecast: 2.53 billion Currently forecasting 2021 and 2022 growth capital of 2.3 billion and 1 billion, respectively* o Based on sanctioned projects to date…
Capital Projects Under Construction Highlighted Major Capital Projects Forecast In-Service Major Capital Projects Under Construction Mont Belvieu Area Fractionators 10 & 11 In-service & 3Q 2020 Natural Gas Texas Express & Front…
APPENDIX
Estimated Breakeven Prices Oil 20% ROR Breakeven Average Well Highgrade Well 70.00 60.00 50.00 40.00 /Bbl 30.00 20.00 10.00 0.00 DJ Powder River HZ SCOOP STACK Oil Eagle Ford Bakken Eagle Ford Oil Delaware HZL…
Natural Gas Liquids Assets Existing Assets Project Highlights (Expected) 19,900 miles of pipelines Mont Belvieu area fractionator 22 natural gas processing facilities 3Q 2020 forecast in-service 11.4 Bcf/d gross capacity Adds 150…
Crude Oil Assets Project Highlights (Expected) Midland-to-ECHO 3 pipeline 3Q 2020 forecast in-service Adds 450 MBPD when fully complete Existing Assets Midland and ECHO tank expansions 5,300 miles of pipelines 1Q 2021 forecast…
Natural Gas Assets Existing Assets 19,400 miles of pipelines 22.2 Bcf/d gross capacity o 11.8 Bcf/d gathering and 10.4 Bcf/d intrastate 2.0 Bcf/d natural gas treating 14.2 Bcf/d storage Project Highlights (Expected) Pipeline to…
Indicative Attribution of GOM for Select Businesses Natural Gas Processing GOM 600 0.50 500 500 0.40 400 GOM in Millions 356 0.30 Price Spread 300 244 0.20 200 169 57% 70% 0.10 100 81% 68% 50 100% 0 0.00 (1)…
Indicative Attribution of Gross Operating Margin Slides 3436 attribute gross operating margin (GOM) among fee-based, commodity-based and differential-based business activities. Most activities fit easily into one category; however, the…
Definitions Return on Invested Capital (ROIC) is calculated by dividing non-GAAP gross operating margin for the assets (the numerator) by the average historical cost of the underlying assets (the denominator). The average historical…
NON-GAAP RECONCILIATIONS
Distributable Cash Flow We measure cash available for distribution by reference to distributable cash flow (DCF). DCF is a quantitative standard used by the investment community for evaluating publicly traded partnerships since the value…
Gross Operating Margin We evaluate segment performance based on our financial measure of gross operating margin (GOM). GOM is an important performance measure of the core profitability of our operations and forms the basis of our…
Free Cash Flow Free cash flow (FCF) is a traditional cash flow metric that is widely used by investors and other participants in the financial community. In general, FCF is a measure of how much cash flow a business generates during a…
Adjusted EBITDA Adjusted EBITDA is commonly used as a supplemental financial measure by our management and external users of our financial statements, such as investors, commercial banks, research analysts and rating agencies, to assess…
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