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Q3 2020 Earnings Presentation – Targa Resources Corp.

Targa Resources Corp. · Nov 5, 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. Q3 2020 Earnings Presentation – Targa Resources Corp. – slide 1
    Targa Resources Corp. Third Quarter 2020 Earnings Supplement November 5, 2020
  2. Q3 2020 Earnings Presentation – Targa Resources Corp. – slide 2
    Q3 Earnings Update Remain focused on safeguarding employee health and safety and ensuring safe and reliable operations in response to COVID-19 Continue to remain proactive to protect our employees and ensure safe continuity of…
  3. Q3 2020 Earnings Presentation – Targa Resources Corp. – slide 3
    Growth Transformation Complete - Improving FCF Profile Increasing FCF positions Targa to continue to execute long term strategy of reducing leverage over time Transformation of asset footprint from growth capital investments is…
  4. Q3 2020 Earnings Presentation – Targa Resources Corp. – slide 4
    Targa Development Company Joint Ventures (DevCo JVs) In February 2018, Targa executed DevCo JVs with Stonepeak Infrastructure Partners to support the development of three key fee- based downstream assets, with Targa retaining the…
  5. Q3 2020 Earnings Presentation – Targa Resources Corp. – slide 5
    Operational Performance Gathering & Processing Segment 3Q20 Highlights: Field G&P Natural Gas Inlet Volumes and NGL Production Field G&P Natural Gas Inlet 4,500 600 4,000 Permian volumes +9% sequentially due to the resumption of…
  6. Q3 2020 Earnings Presentation – Targa Resources Corp. – slide 6
    Operational Performance Logistics & Transportation Segment Targa Pipeline Transportation and Fractionation Volumes 3Q20 Highlights: 700 400 Fractionation Volumes (MBbl/d) Pipeline Throughput (MBbl/d) 625 597 590 NGL…
  7. Q3 2020 Earnings Presentation – Targa Resources Corp. – slide 7
    Financial Performance 3Q 2020 vs. 3Q 2019 Adjusted EBITDA Bridge (1) Segment Operating Margin Gathering & Processing segment operating margin increased 14.5(2) million Logistics & Transportation segment operating margin…
  8. Q3 2020 Earnings Presentation – Targa Resources Corp. – slide 8
    Financial Performance 3Q 2020 vs. 2Q 2020 Adjusted EBITDA Bridge Segment Operating Margin Gathering & Processing segment operating margin increased 23.8(1) million Logistics & Transportation segment operating margin increased 48.9…
  9. Q3 2020 Earnings Presentation – Targa Resources Corp. – slide 9
    Business Mix 3Q 2020 Field Gathering & Processing Business Mix Logistics & Transportation Operating Margin 3Q 2020 Segment Operating Margin Operating Margin 3Q 2020 100% 100% 75% 75% 35% 50% 48% / 52% 50% 25% 25%…
  10. Q3 2020 Earnings Presentation – Targa Resources Corp. – slide 10
    2020 Financial Estimates Adjusted EBITDA Estimate FY 2020E ( in millions) at or around the high end of 1,500 - 1,625 Capital Expenditure Estimates FY 2020E ( in millions) Net Growth Capital Expenditures 700 Gathering &…
  11. Q3 2020 Earnings Presentation – Targa Resources Corp. – slide 11
    Risk Management Hedging Program Further Strengthens Cash Flow Stability (1) Field G&P Hedging Update Commodity Price Sensitivity 2020 2021 Volumes Exposure Wtd. Avg. Volumes Exposure Wtd. Avg. (1) (2) (1) (2) Commodity Hedged…
  12. Q3 2020 Earnings Presentation – Targa Resources Corp. – slide 12
    Reconciliations
  13. Q3 2020 Earnings Presentation – Targa Resources Corp. – slide 13
    Non-GAAP Reconciliations - Estimated 2020 Adjusted EBITDA Reconciliation of estimated net loss attributable to TRC to Full Year 2020E estimated Adjusted EBITDA (In millions) Net loss attributable to TRC (1,480.5) Impairment of…
  14. Q3 2020 Earnings Presentation – Targa Resources Corp. – slide 14
    Visit us at targaresources.com Contact Information: Email: InvestorRelationstargaresources.com Phone: (713) 584-1133 811 Louisiana Street Suite 2100 Houston, TX 77002

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