WHATS NEW Operational Financials Strategic Completed expansion of NGL Adjusted EBITDA: Announced plans to acquire Enable export facilities at Nederland Midstream Terminal in December 2020 FY20: 10.53B Checks all the boxes:…
ACQUISITION OF ENABLE MIDSTREAM
KEY TRANSACTION HIGHLIGHTS All-Equity, Credit Accretive Bolt-On Acquisition of Complementary Assets Complementary Asset Footprint with Significant Integration Opportunities Acreage Dedication from some of the largest and most…
ET & ENBL COMPLEMENTARY ASSETS Gather 13 Transport 22.6 Capable of exporting Fractionate 877 Transport 3.6 million mmbtu/d million mmbtu/d 900 thousand bbls/d mbbls/d of NGLs at million bbls/d of of gas & 635 of natural gas via…
COMBINATION BENEFITS ALL STAKEHOLDERS THROUGH ADDITIONAL SCALE AND INTEGRATION ENBLs T&S assets complement ETs vast interstate and intrastate pipeline system and provide additional coverage in the Mid-Con and Ark-La-Tex regions…
OVERVIEW OF PROPOSED TRANSACTION Overview of Merger Terms Transaction Illustration Energy Transfer has executed a definitive agreement to acquire Enable in an all-equity transaction, valuing each Enable unit at 5.86 based on the…
COMPLEMENTARY ASSET BASE DRIVES VALUE ACROSS FOOTPRINT Creates Contiguous Asset Footprint Integration Opportunities Mid-Continent Exposure to significant demand pull gas infrastructure in the Mid-Con ENBLs substantial gathering and…
ENERGY TRANSFER OVERVIEW
ENERGY TRANSFER - A TRULY UNIQUE FRANCHISE Marcus Hook Terminal Nederland Terminal Asset Overview Natural Gas Marcus Hook Terminal Houston Terminal Natural Gas Liquids (NGLs) Eagle Point Terminal Crude Nederland Terminal…
PATH TOWARD FREE CASH FLOW Diversified business model comprised of five core segments; no segment contributes more than Business 30 percent of adjusted EBITDA Diversity Unrivaled geographic diversity with assets in all major producing…
2021 ADJUSTED EBITDA OUTLOOK 2021E Adjusted EBITDA 10.6-11.0 billion Guidance is for existing Energy Transfer business, excluding any contribution from Enable transaction 2020 to 2021 Drivers 2021E Adjusted EBITDA Breakout + NGL…
EARNINGS SUPPORTED BY PREDOMINANTLY FEE-BASED CONTRACTS 2020 Full-Year Adjusted EBITDA by Segment Segment Contract Structure Strength Fees from dedicated More than 9,500 miles acreage, take-or-pay connecting Permian, SUN, USAC…
DISCIPLINED INVESTMENTS WITH HIGHER RETURNS FOCUS 2021E Growth Capital: 1.45 billion Includes 250 million of 2020 planned capital that has been deferred into 2021. Accounting for this deferral, the updated 2021 growth capital…
INVESTMENT IN HIGH-QUALITY GROWTH PROJECTS Major growth projects added since 2017 2017 Bakken Pipeline System* Organic Growth Capital3 Adjusted EBITDA4 Trans Pecos/Comanche Trail Pipeline* Permian Express 3* Panther Plant 2017…
ALTERNATIVE ENERGY GROUP Dual Drive Compressors - Established in 2012 Patented technology that allows for switching between electric motors and natural gas engines to drive compressors, and offers the industry a more efficient…
DELIVERING ON PROJECT BACKLOG PROJECT SCOPE STATUS NGL & Refined Products Mont Belvieus Frac VII 150 Mbpd fractionator at Mont Belvieu complex Completed Q1 2020 Lone Star Express 24-inch, 352 mile expansion to LS Express Pipeline…
CRUDE OIL SEGMENT BAKKEN PIPELINE SYSTEM Not Shown: There are 7 Other Pipelines that Cross Lake Oahe in Near Proximity DAPLpipelinefacts.com Bakken Pipeline System1 1,915 mile system connecting Bakken production to ETs…
CRUDE OIL SEGMENT CUSHING TO NEDERLAND Cushing Terminal From DJ Basin Cushing to Nederland Provides the ability to move volumes from ETs White Cliffs Pipeline and Cushing Cushing Storage Assets through existing Permian Express…
NGL & REFINED PRODUCTS SEGMENT A LEADING NORTHEAST NGL FRANCHISE Comprehensive Marcellus/Utica Shale solution reaching local, regional and international markets Marcus Hook Terminal Mariner East Pipeline System 800 acre site:…
NGL & REFINED PRODUCTS SEGMENT- PENNSYLVANIA ACCESS PIPELINE As Mariner East adds refined products to its slate of liquids transportation services, tremendous synergies can be realized with ETs existing refined products pipelines and…
NGL & REFINED PRODUCTS SEGMENT ORBIT ETHANE EXPORT PROJECT Loaded the Seri Everest with more than 911,000 barrels of ethane in January 2021, the largest single shipment of ethane to date Orbit Export Pipeline and Facility Orbit…
NGL & REFINED PRODUCTS SEGMENT- NEDERLAND LPG/NATURAL GASOLINE EXPANSIONS Legacy Mariner South System Nederland Natural Gasoline Expansions Completed in 2015, the legacy Mariner South system Loaded first barge with natural gasoline…
NGL & REFINED PRODUCTS SEGMENT PIPELINE AND FRACTIONATION EXPANSION Lone Star Express Expansion Mont Belvieu Fractionation Expansions 24-inch, 352-mile expansion Total of 7 fractionators at Mont Belvieu Added 400,000 bbls/d of NGL…
GROWING UNIQUE EXPORT CAPABILITIES Houston Terminal 330 acres on Houston Ship Channel 18.2 million barrels of crude and heated product storage 5 ship docks, 7 barge docks Rail and truck loading and unloading Connectivity to Gulf…
APPENDIX
CRUDE OIL SEGMENT Crude Oil Pipelines Crude Oil Acquisition & Marketing 10,850 miles of crude oil trunk and gathering lines located in the Southwest and Crude truck fleet of approximately 363 trucks, 350 Midwest United States…
NGL & REFINED PRODUCTS SEGMENT NGL Storage NGL Pipeline Transportation Fractionation Total NGL storage 67 million barrels 4,800 miles of NGL Pipelines 7 Mont Belvieu fractionators (over 900 Mbpd) TET Mont Belvieu Storage Hub 50…
MIDSTREAM SEGMENT Midstream Asset Map Midstream Highlights Volume growth in key regions: Q4 2020 gathered volumes were 12.6 million mmbtu/d, and NGLs produced were 596,000 bbls/d Permian Capacity Additions: 200 MMcf/d Panther II…
INTERSTATE PIPELINE SEGMENT Interstate Asset Map Interstate Highlights Our interstate pipelines provide: Stability Approximately 95 percent of revenue is derived from fixed reservation fees Diversity Rover Access to multiple…
INTRASTATE PIPELINE SEGMENT Intrastate Asset Map Intrastate Highlights Well-positioned to capture additional revenues from anticipated changes in natural gas supply and demand in the next five years Red Bluff Express Pipeline…
ENBL TRANSACTION: BASIN LEADING POSITION IN MID-CON AND ARK-LA-TEX Mid-Con Basin G&P System Positioning vs. Peers Mid-Con Processing Capacity(1) Enable has 28% of SCOOP/STACK processing capacity but (bcf/d) processes 38% of SCOOP/STACK…
ENBL TRANSACTION: SCALE AND DIVERSITY OF CASH FLOWS ENHANCE CREDIT PROFILE Diverse Cash Flows Adds nearly 1bn of additional annual EBITDA through midstream systems with connectivity to ETs existing complex Pro forma ET maintains…
ENBL TRANSACTION: LARGE, DIVERSE AND HIGH- QUALITY CUSTOMER BASE Top Enable Customers Continental Anadarko Basin Champion Enables revenues are strengthened by a diverse, high-quality Ability to shift drilling between both crude and…
ENBL TRANSACTION TIMELINE February 2021 Q1 and Q2 2021 Mid-Year 2021 Sign Agreement Consent solicitation statement / S-4 Transaction close registration statement declared Announce Transaction effective by the SEC and file…
NON-GAAP RECONCILIATION 37 Distribution coverage ratio for the three months ended December 31, 2020 is calculated as Distributable Cash Flow attributable to partners, as adjusted, divided by distributions expected to be paid to the…
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