Fourth-Quarter 2020 Results and 2021 Guidance February 12, 2021 www.nblmidstream.com NASDAQ: NBLX 1
Project Execution and FCF1 Generation Highlight 2020 Accomplishments Successfully Integrated Diversified Portfolio Free Cash Flow1 Into Chevron through Generation Equity Investments 1. Figures are Non-GAAP; see definitions and…
Navigating and Executing through a Dynamic 2020 150 Acquired a 20%2 equity Reduced Direct interest in the Operating Expenses by million1 in organic capital reduction Saddlehorn Pipeline 20 million 35 million Published…
Met or Exceeded 4Q20 and FY2020 Financial Performance and Guidance Actuals FY20 Guidance3 4Q20 2020 Oil Gathered (MBbl/d) 200 229 Gross Volumes Gas Gathered (MMcf/d) 512 513 MBoe/d 286 315 PW Gathered (MBw/d) 146 174 FW…
Disciplined 2020 Capital Program and Cost Reductions Direct Operating Expense Savings Organic and Equity Investment Capital MM MM 1,000 125 25%+ OPEX Reduction 100 50% Sustainable 750 Equity Investments 75 Gathering Capital…
Exiting 2020 with Gathering Volume Momentum 2H20 and Early 2021 Gathering Volumes and Well Connections MBoew/d Connections 700,000 80 DJ Basin Volumes Delaware Basin Volumes 70 600,000 Well Connections 60 Resilient Fee-Based…
HSE: Committed to our People and the Environment % of Natural Removed 80k metric tonnes of CO2e from the Environment Gas Flared Permian Flaring Intensity 3.0% 15% Reduction in 2020 greenhouse gas 1.5% 53% emissions…
Expanding Principles to Include Our Environmental Impact Pursuing vision to be the midstream solution provider and partner of choice recognized for safe operations, reliability and relationships Noble Midstream Strategic Principles…
2021 Adjusted Net EBITDA1,2,3 Guidance 17% 17% Equity Investment EBITDA1 up 60% 360 million in 2021 - Fresh Water 395 million Delivery Boosts 1H21 EBITDA1 66% Gathering Fresh Water Delivery Pipeline & Transmission 1. Figures…
2021 Capital Program Focused on Organic Spending Affiliate and Third-Party Connections 50% Well Mustang Row Connect 85% Well 250 to 300 400 Build-Out Third Party Affiliate Range Capital Connect Capital Well Connections…
Projecting Sizable 2021 Free Cash Flow1 Generation Anticipating 205 Million in FCF1 in 2021 at the midpoint Equity Investment Projects Online, Gathering Infrastructure in Place MM 250 FCF1 Range 125 Heavy Equity Investment…
Minimal federal acreage exposure and Long-Term Commitments Average 8 year DJ Basin Remaining Gathering Contracts CO Weld County Less than 5% on Federal Land in Portfolio Delaware Basin . Morgan County 400+ Permits in…
Transmission Business Providing Meaningful Diversification 2021E Gross Transmission Volumes 1100 Guidance Range 25% transmission 1000 volume growth 900 expected in 2021 800 --------- 700 17% of 2021 600…
Prioritizing Debt Reduction and Refinancing Maturity Tower and Potential Refinancing Net Debt to Annualized EBITDA1,2,3 Guidance MM Range Peer Range 2021E NBLX Range 1,250 Potential 6.0x Longer-Term Senior Note Offering…
2021 Investment Program Expected to Generate Material Free Cash Flow1 2021 Financial Guidance 1Q21 Total Capital 80 to 110 MM 15 to 30 MM Adjusted Net EBITDA 1,2 360 to 395 MM 94 to 100 MM Free Cash Flow1 185 to 220 MM 45 to 70…
Non-GAAP Financial Measures This news release, the financial tables and other supplemental information include Adjusted EBITDA, Adjusted Net EBITDA, FCF, Distributable Cash Flow, Net Debt to Trailing Twelve Month Adjusted Net EBITDA and…
Non-GAAP Reconciliations Reconciliation of Net Income (GAAP) to Adjusted Net EBITDA1 (Non-GAAP) and Distributable Cash Flow (Non- GAAP) (in thousands, unaudited) Three Months Ended December 31, Trailing Twelve (in thousands) 2020…
Non-GAAP Reconciliations Reconciliation of Net Cash Provided by Operating Activities (GAAP) to Adjusted Net EBITDA1 (Non-GAAP) (in thousands, unaudited) Three Months Ended December 31, Trailing Twelve (in thousands) 2020 2019 Months…
Non-GAAP Reconciliations Calculation of Net Debt to Trailing Twelve Reconciliation of 2021 GAAP Guidance to Months Adjusted Net EBITDA 2021 Non-GAAP Guidance (in thousands, unaudited) (in millions, unaudited) December 31, 2020 FY…
Contact Information Park Carrere 1001 Noble Energy Way Investor Relations park.carrerenblmidstream.com Houston, TX 77070 281.872.3208 www.nblmidstream.com NASDAQ: NBLX 21
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