Key Investment Highlights Premier gathering, transmission and water infrastructure positioned to benefit from core development in the Leading footprint in the Appalachian Marcellus / Utica Shales Basin One of the largest natural gas…
Accomplishing Key Objectives Single C-Corp security with enhanced corporate governance now in place Asymmetric risk profile through highly predictable cash flow Commercial alignment with EQT drives optimized drilling plan and…
Assets and Organic Growth Projects 4
Gathering Assets Integrated asset footprint across core Marcellus & Utica development areas OH Utica Gathering PA and WV Gathering 210 miles of high pressure pipeline 640 miles of high pressure pipeline 90,000 HP compression 335,000…
Capital Efficiencies from EQT Gathering Agreement Combo development / return to pad drilling leads to step-change in CAPEX Significant CAPEX Reductions Drive Long-Term Free Cash Flow(1) Combo Development / Return to Pad Example…
Transmission and Storage Assets System aggregates supply and exports to the Strategically Located Assets interstate pipeline system 4.4 Bcf per day capacity 950-mile FERC-regulated interstate pipeline 18 storage pools with 43 Bcf…
Connecting A-Basin Supply to Markets Equitrans Transmission System offers optionality to diverse set of markets Market Takeaway Pipelines Northeast TETCO, TCO, DTI, TGP, NFG Gathering approximately 8.2 Bcf per day(1) Midwest Gulf…
Water Assets Complementary service with concentrated footprint Provides full service sourcing and hauling for drilling and completion activities Approximately 200 miles of fresh water pipelines Fresh water access via major rivers…
Mountain Valley Pipeline Long-haul pipeline will be main takeaway artery out of A-basin Delivering supply to the growing natural gas demand Strategic 50+ year pipeline asset markets in southeast U.S. 300-mile, 42 diameter…
Hammerhead Gathering Pipeline Outlet for southwestern PA development to access southeast U.S. demand market (via MVP) Natural gas gathering header pipeline 64-mile pipeline Aggregate gas from several gathering systems 1.6 Bcf per…
MVP Southgate Project driven by demand pull from the tailgate of MVP Approximately 75-mile extension into North Carolina Project backed by 300 MMcf per day firm capacity commitment from Dominion Energy North Carolina Pipe has expansion…
Incremental Adjusted EBITDA Investing 3.6 B in projects which will transport gas to key demand markets Estimated Estimated Annual Incremental Project (1) (5) Capital (MM) Adjusted EBITDA (MM) MVP(3) 2,900(2) 225(2) (4)…
ESG Overview 14
Commitment to ESG Advancing ESG practices is core to ETRNs strategy ETRN launched as Joined ONE Future Named Chief Published CSR in accordance Announced climate policy and interim standalone company Coalition Sustainability Officer…
2020 Sustainability Report: GRI and SASB Disclosures E-Train's ESG standards and practices for ethical, responsible and sustainable operations Safety Governance ETRN's safety education and training ETRNs board is comprised of 89%…
Financial Overview 17
Financial Summary Dividend and capital allocation policy designed to advance strategic objectives and return value to shareholders in any environment De-levering plan in place to strengthen balance sheet Liquidity available…
Financing Plan Path to de-lever and liquidity to execute plan Capital Allocation and Liquidity Funding Plan ETRN annual dividend of 0.60 per common share designed Current project backlog expected to be funded with to achieve key…
Key Investment Highlights Premier gathering, transmission and water infrastructure positioned to benefit from core development in the Leading footprint in the Appalachian Marcellus / Utica Shales Basin One of the largest natural gas…
Appendix 22
Accelerated Total Transformation Four Actions Reshaped E-Train Announced February 27, 2020 Agreements with Purchased and Retired ETRN Acquired Dividend and Capital EQT 25.3 MM ETRN Shares(2) EQM Allocation Policy 15-year gas…
Gas Gathering Agreement with EQT Deal creates meaningful value for ETRN Increase in MVCs to drive predictable Increased from 2.0 Bcf/d to 3.0 Bcf/d revenues Incremental step-up in MVC upon MVP in-service(1) Long-term contract…
Gas Gathering Agreement with EQT Significant step-up and extension of gathering MVC drives predictable cash flows Phase 2 MVC Current EQT MVC covers Pennsylvania and West Phase 1 MVC Virginia volumes Assumes MVP full…
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