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Investor Presentation January 2021 – Pembina Pipeline Corp

Pembina Pipeline Corp · Jan 1, 2021 · 26 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. Investor Presentation January 2021 – Pembina Pipeline Corp – slide 1
    Pembina Pipeline Corporation TSX: PPL NYSE: PBA Investor Presentation January 2021
  2. Investor Presentation January 2021 – Pembina Pipeline Corp – slide 2
    Pembina at a glance
  3. Investor Presentation January 2021 – Pembina Pipeline Corp – slide 3
    Overview 65 year history of serving the 3.2 - 3.4 billion North American market and now 34 billion(1) 2021(E) Adjusted EBITDA actively expanding its global Enterprise Value Guidance presence Highly integrated transportation…
  4. Investor Presentation January 2021 – Pembina Pipeline Corp – slide 4
    2020 accomplishments In a year of unprecedented challenges arising from the COVID-19 pandemic, Pembina took decisive action to protect all stakeholders and has delivered strong results including staying within pre-pandemic adjusted…
  5. Investor Presentation January 2021 – Pembina Pipeline Corp – slide 5
    Summary of recent announcement On December 14, Pembina announced its 2021 financial guidance and provided a fulsome business update via a press release, which is available at www.pembina.com/media-centre/news-releases/ 2021 Financial…
  6. Investor Presentation January 2021 – Pembina Pipeline Corp – slide 6
    Purpose of Pembina Customers choose us first Investors receive sustainable for reliable and value-added industry-leading total returns services Employees say we are the Communities welcome us and employer of choice and…
  7. Investor Presentation January 2021 – Pembina Pipeline Corp – slide 7
    Integrated transportation and midstream assets 3 mmbpd hydrocarbon transportation capacity 6 bcf/d gas processing capacity 130 mbpd condensate stabilization 356 mbpd fractionation capacity 32 mmbbl storage capacity 25…
  8. Investor Presentation January 2021 – Pembina Pipeline Corp – slide 8
    The Pembina Store Gas & NGL (HVP) Gas Consumers Mainline Extraction NGL and Fractionation (Younger, Empress, NGL Alliance (proposed) Gathering, 3rd Party Aux Sable) Pipeline Processing, Pipelines Field Extraction…
  9. Investor Presentation January 2021 – Pembina Pipeline Corp – slide 9
    Energy & ESG
  10. Investor Presentation January 2021 – Pembina Pipeline Corp – slide 10
    Global energy outlook 5 000 Global primary energy demand is expected to increase IEA 2020 World Energy Outlook, Stated Policies Scenario 19% by 20401 2019 2030 2040 4 000 Total oil and natural gas demand is expected to increase…
  11. Investor Presentation January 2021 – Pembina Pipeline Corp – slide 11
    Advantage Canada Lower Decline Rates(1) Highly Economic Resource PIR(2) 2.00x 40% US Canada 64% of the top 30% 1.75x plays are in Canada 20% 1.50x 10% 1.25x 0% 1.00x Cdn Producers U.S. Producers Median Far East Access…
  12. Investor Presentation January 2021 – Pembina Pipeline Corp – slide 12
    ESG highlights Environmental Social Governance Carbon Stand: We are committed to 10 million directly invested in communities in 2019 10 of 11 directors, including Board Chair, reducing the greenhouse gas emission are independent…
  13. Investor Presentation January 2021 – Pembina Pipeline Corp – slide 13
    Sustainability reporting and ratings 2020 report includes over 110 ESG metrics, which is a 50% increase from the prior report Enhanced disclosure on emissions, water, waste management and workforce Click here for the 2020…
  14. Investor Presentation January 2021 – Pembina Pipeline Corp – slide 14
    Strong financial position
  15. Investor Presentation January 2021 – Pembina Pipeline Corp – slide 15
    Financial highlights 95% fee-based / 72% take-or-pay, contribution to 2020(E) adj. EBITDA(4) 3.8-4.0x 2021E Debt/EBITDA(1) Highly Strong BBB Contracted; 75% investment grade, split rated or 17-19% 2021E FFO/Debt(2) Credit Rating…
  16. Investor Presentation January 2021 – Pembina Pipeline Corp – slide 16
    Diversified and highly contracted Division Commodity Type Facilities Pipelines Natural Crude Oil & Fee-for- Take-or-Pay / Cost- Gas Condensate Service of-Service 30% 25% 30% 40% Adjusted Adjusted Adjusted EBITDA EBITDA…
  17. Investor Presentation January 2021 – Pembina Pipeline Corp – slide 17
    Pembina delivers through market cycles Acquisition Acquisition Acquisition 120 of KML 9 of of Veresen Provident 6.00 8 100 5.00 7 80 6 4.00 5 60 3.00 4 40 2.00 3 2 1.00 20 1 0.00 (2) 0 2008 2009 2010…
  18. Investor Presentation January 2021 – Pembina Pipeline Corp – slide 18
    Financial Guardrails 2020E 2021E Maintain target of 80% fee-based contribution to 94% 90-95% 1 adjusted EBITDA(1) Pembina pioneered the concept of the Financial 72% 71-75% Guardrails in the midstream 2…
  19. Investor Presentation January 2021 – Pembina Pipeline Corp – slide 19
    Commitment to a strong BBB credit rating Debt/Adjusted EBITDA(1) Pembinas current debt maturity profile(4) x x 3.75x - 4.25x x Senior Debt Revolving Credit Facilities Term Loan x 4.0x 3.8x - 4.0x 4,500 x 4,100 MM x 4,000 2020E 2021E…
  20. Investor Presentation January 2021 – Pembina Pipeline Corp – slide 20
    Capital investment Capital Budget (1) Secured Projects Under Development In-service (MM) Prince Rupert Terminal Prince Rupert Export Terminal 1Q 2021 250 Phase VII 1H 2023 775 Peace Phase VII, VIII & IX Empress Co-generation…
  21. Investor Presentation January 2021 – Pembina Pipeline Corp – slide 21
    Phase VII peace pipeline reactivation Pembina has reactivated the Phase VII Peace (In-service) Pipeline Expansion Pembina re-designed the scope of the project to match customers current development plans Capital cost estimates…
  22. Investor Presentation January 2021 – Pembina Pipeline Corp – slide 22
    Significant backlog of opportunities Cochin expansion Edmonton Terminals Jordan Cove LNG expansion NEBC infrastructure solutions 6.5 Bn+ Pipeline laterals and connections Co-generation Petrochemical feedstock solution Peace…
  23. Investor Presentation January 2021 – Pembina Pipeline Corp – slide 23
    2021 Adjusted EBITDA guidance range 2021 Adjusted EBITDA Key Contributing Factors Marketing & New Ventures Division results at 2020 levels Crude, condensate and NGL volumes sustained at 2020 average levels Low End: 3.2 billion…
  24. Investor Presentation January 2021 – Pembina Pipeline Corp – slide 24
    2021 capital allocation and funding PRIORITIES FUNDING PLAN(1) 1 Discretionary UPPER END OF GUIDANCE Maintaining balance sheet Priority to maintain a cash flow LOWER END OF GUIDANCE strength strong BBB rating Growth capital 2…
  25. Investor Presentation January 2021 – Pembina Pipeline Corp – slide 25
    Value proposition Diverse and integrated assets, strategically located to serve world-class geology Leading North American provider of Balanced exposure across crude/condensate, natural gas and natural gas liquids value chains…
  26. Investor Presentation January 2021 – Pembina Pipeline Corp – slide 26
    CONTACT US Pembina Pipeline Corporation Suite 4000 585 8th Avenue S.W. Calgary, Alberta T2P 1G1 www.pembina.com investor-relationspembina.com Toll free: 1.855.880.7404 Phone: 403.231.3156

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