Forward-Looking Statements This presentation contains forward-looking statements based on the beliefs of the company, as well as assumptions made by, and information currently available to our management team (including information…
Enterprise Products Partners L.P. (NYSE:EPD) NGLs, Crude Oil, Natural Gas, Petrochemicals and Refined Products 50,000 miles of NGL, crude oil, 21 natural gas processing facilities; Fully integrated natural gas, petrochemicals and 25…
Why EPD Diversified & built for the long run Market Capitalization: Among highest credit 21 consecutive 46B ratings in midstream space: years of Enterprise Value: BBB+ / Baa1 distribution 76B TTM Sep 2020 Leverage(1): increases…
EPD Earns Fees Delivering Raw Materials Essential to Everyday Life N GLs volume(1)(2) product & Nat. Gas Ethane Propane Butanes C5+ Crude Oil 3.6 MMBOED 2.2 MMBPD 2.1 MMBPD 1.1 MMBPD 410 MBPD 3.1 MMBPD transported handled handled…
EPDs Environmental, Social, Governance (ESG) The way we do business is as important as the business we do. Dan Duncan, Founder We are Committed to... The Durability Our People Sustainable & Profitability & Our Operations of…
ENERGY FUNDAMENTALS & SUSTAINABLE PERSPECTIVES
20202021 Macro Energy Outlook Supply U.S. production recovers from 2Q 2020 lows as shut in volumes return U.S. and global E&P activity remains low with continued reallocation of cash flow for debt reduction and dividends / buybacks…
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…
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)…
Global Oil and Liquids Balances Expected to Tighten Forecasted Supply & Demand in MMBPD Forecast 2019 Avg 2020 Avg Range 2021 Avg Range Supply 99.9 93.5 94.0 94.2 96.1 Non-OPEC Supply 65.5 62.7 63.1 62.1 63.5 OPEC Supply 34.4 30.8…
U.S. Production Forecast by Commodity U.S. Oil and Condensate Forecast U.S. NGL Supply Forecasts 14 3,600 7 13 3,200 Production 6 Oil Well Completions per Month 12 2,800 Production MMBPD 11 2,400 5 MMBPD 10 2,000…
Estimated Oil Breakeven Prices Drilled but Uncompleted Wells (DUC) per EIA Permian vs. Region Sep 2020 Other Basins Oil 20% ROR Breakeven Permian 3,525 70 Eagle Ford 1,166 3.0x Bakken 870 4.1x 60 Anadarko 681 5.2x Appalachia 575…
U.S. Oil Exports Expected to Reach 5 MMBPD in 2025 25,000 Simplified U.S. Crude Oil Balances 20,000 15,000 MBPD 10,000 5,000 0 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Canadian Imports Other Imports…
Record Export Volumes Set in October U.S. Waterborne NGL Exports 2,500 1,660 MBPD +13% year-over-year 2,000 1,471 MBPD 316 Exports in MBPD 1,500 1,000 1,416 500 234 0 Jan-19 Mar-19 May-19 Jul-19 Sep-19 Nov-19…
Petrochemical Market Update Olefin Prices in Asia The COVID-19 pandemic created new 90 demand for single-use plastics (ethylene) and strong demand for 80 health-care PPE and household cleaners (propylene) 70 Butadiene prices surged…
U.S. Responsible for Virtually All Global LPG Export Growth The U.S. is Responsible for Majority of LPG Global Growth 1,600 Growth driven by residential market which 900 1,400 accounts for 70% of global LPG demand Other U.S.…
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…
The Forgotten 3 Billion Living in Energy Poverty Over 1/3 of earths 7.8 billion population lacks access to clean COOKING WITH BIOMASS cooking, primarily relying on biomass IEA estimates 2.4 Billion will still lack access to clean…
EPD Aids Developing Countries in Reducing Emissions Over 1/3 of the global population lacks access to clean cooking U.S. LPG displaces coal and biomass in Asian and African countries where indoor pollution is a leading cause of death…
Did You Know Quick facts on the importance of petrochemicals Petrochemical demand accounts for 60% of projected oil demand growth in the next decade, largely driven by rising demand for plastics, notably packaging materials(1)…
Energys Role in Agriculture and Food Chain As global population continues to increase, food production will have to grow Hydrocarbons in the Agri-chain Raw Fertilizers, Food Cooking, Fuel & Crop Transport Materials & Herbicides,…
Modern Healthcare Depends on Hydrocarbons & Petrochemicals Plastics are Central to the Antiseptic Model of Modern Health Care WHERE ARE THEY FOUND Medical devices 3D-printing applications PPE (Personal Protective Equipment)…
Energy Infographics All Rights Reserved. Enterprise Products Partners L.P. enterpriseproducts.com Page 27
EPD Plays a Role in Improving Quality of Life Through our connections to the downstream petrochemical industry, EPD handled feedstocks become raw materials essential to everyday life Enterprise handles: Demand for Ethylene and…
EPDs Role in Energy Evolution We believe each of us has a responsibility to use energy more efficiently to limit and reduce our environmental footprint, whether it is emissions, spills, or waste. We believe, and United Nations data…
FINANCIAL UPDATE
Enterprise 2020 Financial Outlook Capital Expenditure Updates 2020 Growth Capital Forecast: 2.9 billion, net of contributions Supported by high quality customers, long-term fee-based contracts Currently forecasting 2021 and 2022…
Strength of the Business Gross Operating Margin Customer Breakout by Credit Rating TTM Sept 2020 Top 200 represent NatGas LC 96% of revenue 12% Petchem 13% HY / 78% Investment & RP Grade (IG) rated or 13% NGLs not backed by a…
Capital Updates 3.9B of Major Capital Projects Under Construction* Highlighted Major Capital Projects 2020Forward Forecast In-service Major Capital Projects Under Construction Mont Belvieu Area Fractionators 10 & 11 In-service Natural…
Strengthening Debt Portfolio Extending Maturities Without Increasing Costs 32.1 Billion Notes Issued 99.2% Fixed Rate Debt 2010August 2020 (as of September 30, 2020) 21.0 6.5% 20.6 20.0 6.0% 9.0% 19.0 Average Maturity…
APPENDIX
Indicative Attribution of Gross Operating Margin Slide 34 attributes gross operating margin (GOM) among fee-based, commodity-based and differential- based business activities. Most activities fit easily into one category; however, the…
Definitions Operational Distributable Cash Flow (DCF) represents DCF excluding proceeds from asset sales and property damage insurance claims and net receipts / payments from the monetization of interest rate derivative instruments.…
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…
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…
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