Fourth-Quarter 2020 Earnings Conference Call February 2, 2021
Commitment to Execution 2020 Quarterly Adjusted EBITDA Reduced 2020 capital spend by over ( Millions) 700 million from original target 1,335 1,355 1,294 1,227 Reduced 2020 forecasted operating 422 442 471 388 expenses by more…
Continued Capital Discipline Growth Capital(a) Announced 2021 growth capital 2.5 B outlook of 800 million Focus on high-grading capital investments with fee-based earnings 878 MM 800 MM Targeting excess cash after…
Commitment to Corporate Social Responsibility Environment Social Governance New Human Rights Policy included Targeting 50% Methane emissions in sustainability reporting Transparent reporting to key intensity reduction by 2025…
Fourth-Quarter and Full-Year Highlights Millions (unless otherwise noted) 4Q20 FY 2020 Adjusted EBITDA 1,355 5,211 Distributable Cash Flow 1,155 4,327 Distributions Paid 742 3,006 Distribution Coverage Ratio(a) 1.58x 1.46x…
Logistics & Storage Segment Pipeline throughputs averaged 4.7 MMBPD Decrease of 8% year-over-year Terminalling throughputs averaged 2.6 MMBPD Decrease of 21% year-over-year Lower volumes offset by reduced operating expenses…
Gathering & Processing Segment 4Q20 Processed Volumes(a) Capacity at Utilization of 4Q20 overall volumes and % change: End of Average Available Area Volume vs. 4Q19 Quarter (MMcf/d) Capacity (MMcf/d) (%)(b) Gathering: 5.3…
Financial and Balance Sheet Highlights As of (MM except ratio data) 12/31/20 Cash and cash equivalents 15 Total assets 36,414 Total debt(a) 20,139 Redeemable preferred units 968 Total equity 13,017 Fourth quarter 2020…
Appendix 12
Continuous Improvement of ESG Performance Reporting Highlights Recognitions New Focus on Methane Program to voluntarily reduce methane emissions APIs Distinguished Pipeline Safety Award 100% of Marine, 85% MPL and 69% Terminals…
Gathering & Processing Segment Sub-Region Processed Volumes Marcellus/Utica Processed Volumes(a) Southwest Processed Volumes(a) Capacity at End Average Utilization of Capacity at End Average Utilization of Area of Quarter Volume…
Organic Growth Capital Projects Est. Logistics & Storage Description Completion Date W2W Pipeline(a) 1.5 MMBPD crude pipeline from Permian Basin to Texas Gulf Coast 2021 Whistler Pipeline(a) 2.0 Bcf/d natural gas pipeline from Waha,…
Strong Balance Sheet Consolidated Debt to Adj. EBITDA(a) 6.0x Millions YE18 YE19 YE20 (unless otherwise noted) 4.5x 3.0x Consolidated Debt(c) 13,856 20,713 20,536 1.5x LTM Pro forma Adj. EBITDA 3,567 5,104 5,211 0.0x 2015…
Reconciliation of Adjusted EBITDA and Distributable Cash from Net Income 4Q QTD 4Q QTD 4Q YTD 4Q YTD (MM) 2020 2019 2020 2019 Net income (loss) 700 (573) (687) 1,462 Provision (benefit) for income taxes 1 (2) 2 - Amortization of…
Reconciliation of Adjusted EBITDA and Distributable Cash from Net Cash Provided by Operating Activities (MM) 4Q QTD 2020 4Q QTD 2019 4Q YTD 2020 4Q YTD 2019 Net cash provided by operating activities 1,185 1,092 4,521 4,082 Changes in…
Reconciliation of Segment Adjusted EBITDA to Net Income 4Q QTD 3Q QTD 2Q QTD 1Q QTD 4Q QTD 4Q YTD 4Q YTD (MM) 2020 2020 2020 2020 2019 2020 2019 L&S segment adjusted EBITDA attributable to 884 893 839 872 853 3,488 3,351 MPLX LP…
Reconciliation of Capital Expenditures (MM) 4Q QTD 2020 4Q QTD 2019 4Q YTD 2020 4Q YTD 2019 Capital Expenditures Growth capital expenditures 101 522 778 2,000 Growth capital reimbursements (2) (4) (4) (21) Investments in…
Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow (FCF) (MM) 4Q QTD 2020 4Q QTD 2019 4Q YTD 2020 4Q YTD 2019 (a) Net cash provided by operating activities 1,185 1,092 4,521 4,082 Adjustments to reconcile…
Reconciliation of LTM Net Income (Loss) to LTM Pro Forma Adjusted EBITDA (MM) 4Q 2020 4Q 2019 4Q 2018 LTM Net (loss) income (687) 1,462 1,834 LTM Net income to adjusted EBITDA adjustments 5,898 2,872 1,641 LTM Adjusted EBITDA…
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