RATTLER MIDSTREAM: INVESTMENT HIGHLIGHTS Q4 2020 Consolidated Net Income of 38.9 million Q4 2020 Adjusted EBITDA of 77.6 million Strong Q4 2020 volumes reflect new baseline volumes heading into 2021 Produced Water Gathering and…
RATTLER: A DIFFERENTIATED MIDSTREAM COMPANY STABLE, HIGH MARGIN MIDSTREAM COMPANY WITH LEADING E&P SPONSOR Key Takeaways Areas Of Operation In-basin midstream solutions for Diamondback Energy Scalable, purpose-built Permian midstream…
RATTLERS ASSETS FOCUSED ON DIAMONDBACKS CORE OPERATING AREAS Spanish Trail North Produced Water Sourced Water Howard County Produced Water Sourced Water N. Delaware Produced Water Spanish Trail Glasscock County(1) Produced…
OVERVIEW OF EQUITY METHOD INVESTMENTS / JOINT VENTURES RATTLERS JOINT VENTURE CONTRIBUTIONS LARGELY COMPLETE WITH 3 OF 5 PROJECTS IN FULL SERVICE AND GENERATING CASH FLOW EPIC Crude Gray Oak Wink to Webster OMOG JV Amarillo Rattler…
HIGH MARGIN, RETURNS-FOCUSED MODEL WITH 15-YEAR CONTRACTS Diamondback has set Rattler up for free cash flow generation Strong Gross Margins across All Midstream Segments High gross margins and long-term fixed-fee contracts turn…
DIAMONDBACKS CONSOLIDATION OFFERS RATTLER OPPORTUNITIES Diamondback Overview Diamondback Completion Activity Over Time(1) Diamondbacks execution track record and scale support Rattlers (Gross Operated Horizontal Wells ) business 317…
DIAMONDBACKS 2021 DEVELOPMENT PLAN SENSITIVITY Diamondbacks Maintenance Plan Protected to below 40 WTI Price Combination of hedging and capital allocation framework sets floor for 2021 Rattler volumes Protecting 250 million…
RATTLER VOLUMES & PER UNIT EXECUTION STABLE RATTLER VOLUMES TRANSLATE INTO GROWING ADJUSTED EBITDA AND FREE CASH FLOW PER UNIT Operational execution delivers strong financial results supportive of current .80 per common unit annualized…
RATTLER FREE CASH FLOW INFLECTED IN 2020 AND GROWING INTO 2021 Core operated business free cash flow positive in 2019, total free cash flow positive in 2020, with both expected to grow moving forward Free cash flow maintained in 2020…
RATTLER PRESENTS ATTRACTIVE RELATIVE YIELD Company trading at double digit expected free cash flow yield(1) despite resilient business model 15 year fixed-fee contracts covering 400,000 gross acres in core of the Permian Basin Growing…
ORYX MIDLAND OIL GATHERING (OMOG) OVERVIEW OMOG System Overview OMOG System Highlights Dedicated FANG Acreage Rattler and Oryx Midstream jointly acquired Reliance Gathering system in Midland Basin in November 2019 for 356 million…
STRATEGIC JOINT VENTURES WITH LONG-HAUL PIPELINES RATTLER WILL PARTICIPATE IN LONG-HAUL TRANSPORTATION OF SUBSTANTIALLY ALL DIAMONDBACK OIL VOLUMES Wellhead to water solution - In-field oil gathering and equity method investments in…
RATTLER FINANCIAL OVERVIEW FINANCIAL STRATEGY RATTLER DEBT MATURITY PROFILE ( millions) 79 Self-Funding Business Model 500 Focus on maximizing stakeholder returns Revolving Credit Facility 5.625% Senior Notes Strong free…
RATTLER 2021 GUIDANCE OVERVIEW Rattler Forward Guidance carrying in positive momentum into 2021 Volumes and earnings increased into 2H 2020 after bottoming in Q2 2020 with commodity price disruption Volumes, Net Income, Adjusted…
High margin, free cash flow generating business underpinned by long-term contracts Strategic relationship with Diamondback allows for visibility and stability Assets in the core of Permian in both Delaware and Midland…
Rattler Midstream LP Corporate Headquarters Adam Lawlis, Vice President, Investor Relations 500 West Texas Ave., Suite 1200 (432) 221-7400 Midland, TX 79701 irrattlermidstream.com www.rattlermidstream.com 17
Loading...
