BECOMING THE FUTURE OF MIDSTREAM Integrated Business Model Focused On Environmentally Responsible Operations Large-Scale, Cash-Flow- Generating Platform CREATING SUSTAINABLE VALUE Delivering Energy Powered by Solutions for the…
INTEGRATED BUSINESS MODEL PREMIER PRODUCTION BASINS CONNECTED TO KEY DEMAND CENTERS ---------------------------------- Our Footprint -------------------------------- Permian Louisiana Oklahoma North TX ----------------- Service…
LARGE SCALE, CASH-FLOW-GENERATING PLATFORM ROBUST FREE CASH FLOW CREATES SIGNIFICANT FINANCIAL FLEXIBILITY (MM) 345 Consistently delivering FCFAD of 300MM 311 314 Consistent FCFAD 2020 2021 Updated Generation o Attractive FCFAD…
POWERED BY OPERATIONAL EXCELLENCE THE ENLINK WAY MINDSET Leading, Customer experienced centric GIP operations mindset operational team support 2020 Mastio Quality Peer-leading cost Deploying Award Overall Low-cost, new…
DELIVERING ENERGY SOLUTIONS FOR THE FUTURE STRATEGIC ADVANTAGE IN BUILDING LOUISIANA CCS BUSINESS EnLinks Mississippi River Corridor Assets The EnLink Advantage: Relationships, Expertise, Assets, & Location Relationships: Expertise:…
FOCUSED ON ENVIROMENTALLY RESPONSIBLE OPERATIONS DRIVING TOWARD A LOWER-CARBON, SUSTAINABLE FUTURE Completed Projects in 2021 for: 1,500 MT Methane Reduction 38,000 MT CO2e Reduction 2050 Net Zero2 On-track to meet 2024 goal:…
1Q22 FINANCIAL RESULTS
1Q22 FINANCIAL RESULTS ADJUSTED EBITDA YEAR-OVER-YEAR GROWTH OF 22% MM, unless noted 1Q22 Record Quarterly Results Highest quarterly Adjusted EBITDA in company history Net Income (Loss) 66.0 Permian volumes and segment profit…
STRONG PERFORMANCE & POSITIVE OULOOK ACROSS PORTFOLIO MOMENTUM BUILDING IN 2022 SUPPORTING SIGNIFICANTLY HIGHER VOLUME OUTLOOK FOR 2023 Strong Growth in Permian Significant Increase in Activity in and Louisiana: Oklahoma and North…
2022 UPDATED GUIDANCE
RAISING 2022 FINANCIAL GUIDANCE STRONGER ACTIVITY DRIVES IMPROVED OUTLOOK FOR 2022 AND 2023 MM, unless noted Initial Updated1 Adjusted EBITDA Growth Midpoint now implies 16% growth over 2021 Net Income (GAAP) 230 - 310 315 - 375…
INCREASED 2022 SEGMENT GUIDANCE GROWTH ACROSS EACH OF THE FOUR SEGMENTS, OUTLOOK FOR 2023 STENGTHENS Previous Updated 2022 Segment Profit Guidance1 2021 2022 Segment Segment Segment Segment Profit Less Capex Profit Profit Low Mid…
2022 CAPITAL EXPENDITURES & PLANT RELOCATION COSTS DISCIPLINED, LOW RISK, QUICK PAYBACK CAPITAL EXPENDITURES PROGRAM 2022 Total Capital Expenditures, Net to EnLink Total Capital Expenditures, Net to EnLink, and Plant Relocation Costs…
2022 CAPITAL ALLOCATION BALANCED CAPITAL ALLOCATION APPROACH 2022E Distributable Cash Flow 345 Uses of DCF FCFAD 860MM Growth Capex & Plant Relocations Maintain significant 20% distribution Disciplined growth FCFAD and…
BECOMING THE FUTURE OF MIDSTREAM CREATING SUSTAINABLE VALUE CARBON SOLUTIONS Strategic advantage in building a scalable CCS business
WHAT IS CCS PROVEN MIDSTREAM BUSINESS CAPACITY TECHNOLOGY CCS utilizes existing proven technology Transporting CO2 is very similar to Class VI sequestration wells are similar Capture technology is very similar to moving…
UNPARALLELED NEED FOR GLOBAL CCS The IEAs Net Zero by 2050 Scenario outlines a 7,600 8,000 carbon reduction pathway that is compliant with 7,000 the Paris Agreement 5,600 6,000 Annual Million Metric Tonnes 5,000 4,000 To meet…
SIGNIFICANT OPPORTUNITY FOR ENLINK IN LOUISIANA LOUISIANA IS ONE OF THE HIGHEST INDUSTRIAL CO2 EMITTERS IN THE COUNTRY Total U.S. CO2 Emissions 5.2 billion1 metric Tonnes of CO2 Total Industrial & Power CO2 Emissions Industry is…
INCREASED POTENTIAL UNDER EXPANDED 45Q SIGNIFICANT BIPARTISAN SUPPORT FOR INCREASED 45Q CREDITS AND DIRECT PAY Estimated Capture Cost per Industry2 100 (/tonnes) 90 Proposed1 45Q Credit for Current economics sufficient Dedicated…
BEST POSITIONED TO PROVIDE CCS IN LOUISIANA ENLINK HAS ALL THE ELEMENTS FOR A FULL-SERVICE CCS BUSINESS Customer-focused mindset with decades of relationships in the Louisiana market Extensive experience operating transportation…
ENLINKS CARBON CAPTURE BUSINESS POTENTIAL UNIQUE EXISTING FOOTPRINT IN ONE OF THE LARGEST EMITTING AND STORAGE STATES Louisiana is the 2nd largest industrial CO2 emitting1 state in the United States o Heavy concentration along the…
ENLINK CARBON SOLUTIONS STRATEGY DEVELOP COMPLETE PACKAGE AND BECOME THE PREFERRED CCS OPERATOR IN LOUISIANA Secure CCS Agreements Provide economic solution to industrial emitters Outstanding CCS proposals representing significant…
SIGNED FIRST CUSTOMER: OXY LOW CARBON VENTURES PROVIDE CO2 TRANSPORTATION TO OLCV IN THE MISSISSIPPI RIVER CORRIDOR Letter of Intent with Oxy Low Carbon Ventures EnLink executed LOI for a Transportation Service Agreement (TSA) with…
SIGNED MOU WITH TALOS TO PROVIDE FULL CCS SOLUTION CO2 CAPTURE, TRANSPORTATION AND SEQUESTRATION SERVICES A JOINT SERVICE OFFERING Recently executed MOU provides for complete CCS service offering o EnLink provides midstream assets and…
EXECUTION PLAN PRIORITIES
2022 EXECUTION PLAN PRIORITIES FOCUSED ON DRIVING SUSTAINABLE VALUE Financial Operational Strategic Sustainability Discipline & Excellence Growth & Safety Flexibility Rigorous program centered on Delivering significant…
MATTERHORN EXPRESS PIPELINE EXPANDING DOWNSTREAM EXPOSURE THROUGH PERMIAN TAKEAWAY TRANSPORTATION INVESTMENT Matterhorn Express Pipeline Transportation capacity of up to 2.5 Bcf/d from Waha to Katy, TX through 490 miles of 42 pipe…
CRESTWOOD NORTH TEXAS ACQUISITION1 SIGNIFICANT SYNERGIES AND REDEPLOYMENT OF ASSETS RESULT IN ATTRACTIVE ECONOMICS Deployment of The EnLink Way Creates Significant Value Significant synergies, minimal integration capital, and…
CAPITAL-LIGHT APPROACH TO PERMIAN GROWTH MEETING ROBUST GOWTH WITH HIGH-RETURN, CAPITAL-EFFICIENT PROJECTS Creative, Capital Light Expansion of Processing Increasing Midland Capacity 70% with Capacity Capital Light Expansions Continue…
AMPLE FINANCIAL FLEXIBILITY SUBSTANTIAL LIQUIDITY AND LONG-TERM DEBT MATURITY PROFILE PROVIDES FINANCIAL FLEXIBILITY Revolving Financial Flexibility Credit Facility (MM) Ba1 / BB+ / BB+ Leverage ratio of 3.8x No near-term senior…
FOURTH ANNUAL SUSTAINABILITY REPORT ISSUED VISIT HTTP://SUSTAINABILITY.ENLINK.COM FOR 2021 ESG PROGRESS AND PERFORMANCE DATA Adopted near-term emissions targets, including a 30% reduction1 in scope 1 methane emissions intensity by…
APPENDIX
1Q22 CAPITAL EXPENDITURES AND RELOCATION COSTS CAPITAL-LIGHT FOCUS AND INCREMENTAL DRILLING ACTIVITY DRIVE HIGH-RETURN PROJECTS Capital Expenditures1 Capital Spending by Project Type1 Capital Spending by Segment1 (MM) Net to EnLink…
2021-2022 ADJUSTED EBITDA BRIDGE 2022 FORECASTED TO BE ANOTHER YEAR OF STRONG GROWTH Adjusted EBITDA forecasted to grow over 16% at the midpoint over 2021 1,190 1,250 1,110 1,190 1,040 1,050 (+) Strong 970 (+) Permian & LA…
QUARTERLY SEGMENT PROFIT & VOLUMES 3 Months Ended amounts in millions unless otherwise noted Mar. 31, 2021 Jun. 30, 2021 Sep. 30, 2021 Dec. 31, 2021 Mar. 31, 2022 Permian Segment Profit 42.8 44.0 69.1 73.8 73.0 Adjusted Gross Margin…
MIDLAND PLATFORM Midland Overview Multi-commodity strategy 663 MMcf/d Midland Basin cryogenic processing capacity as of the end of 1Q22: o 7 processing facilities in operation o Project Phantom continues to be on pace for 2H22…
DELAWARE PLATFORM Delaware Overview Multi-commodity strategy 635 MMcf/d Delaware Basin processing capacity: 200 miles of pipeline Note: Delaware JV is owned 50% by NGP. May 2022 Investor Presentation 43
LOUISIANA PLATFORM Louisiana Overview Serving a growing demand-pull market 5 fractionators along the Gulf Coast o 220 Mbbl/d of fractionation capacity in Louisiana 710 MMcf/d operating natural gas processing capacity 3 natural…
CENTRAL OKLAHOMA PLATFORM Central Oklahoma Overview Size, Scale, & Diversification Operating 960 MMcf/d of Central Oklahoma gas processing capacity to support STACK development 2,200 miles of pipeline May 2022 Investor…
NORTH TEXAS PLATFORM North Texas Overview Anchor position in the Barnett 1.08 Bcf/d operating natural gas processing capacity o 2 operating natural gas processing facilities 15 Mbbl/d of fractionation capacity 4,200 miles of…
CAPITALIZATION ( in MM) 3/31/22 Cash and cash equivalents, net to EnLink 56.4 1.75Bn Unsecured Revolving Credit Facility due January 2024 0.0 350MM A/R Securitization due September 2024 315.0 ENLK 4.400% Senior unsecured notes due…
STRONG DIVERSE COUNTERPARTIES Strong Counterparty Credit Ratings Top 10 Counterparties Limited Price Exposure (% of FY 2021 Revenues) (% of FY 2021 Revenues) (Contract Types as % of 2021 Adjusted Gross Margin) % of Secured…
ENLINK ORGANIZATIONAL STRUCTURE Public ENLC Global Infrastructure Holders Partners (GIP) Non-economic managing interest 48% 42% EnLink Midstream Class C Unitholders1 Manager, LLC 10% non- economic interest EnLink Midstream,…
GLOBAL INFRASTRUCTURE PARTNERS OVERVIEW GIP IS A STRONG, SUPPORTIVE SPONSOR WITH SIGNIFICANT ENERGY INVESTING EXPERIENCE Leading Asset Manager Significant Midstream Experience Supportive Sponsor 20+ billion of natural resources…
UPDATED 2022 GUIDANCE RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA, DISTRIBUTABLE CASH FLOW AND FREE CASH FLOW AFTER DISTRIBUTIONS Updated 2022 Outlook (1) As of May 3, 2022 Net income of EnLink (2) 345 Interest expense, net of…
PREVIOUSLY ISSUED 2022 GUIDANCE RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA, DISTRIBUTABLE CASH FLOW AND FREE CASH FLOW AFTER DISTRIBUTIONS 2022 Outlook (1) As of Feb 15, 2022 Net income of EnLink (2) 270 Interest expense, net…
RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO ADJUSTED EBITDA AND FREE CASH FLOW AFTER DISTRIBUTIONS Three Months Ended 3/31/2021 6/30/2021 9/30/2021 12/31/2021 3/31/2022 Net cash provided by operating activities…
RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED EBITDA AND FREE CASH FLOW AFTER DISTRIBUTIONS Three Months Ended 03/31/2021 06/30/2021 09/30/2021 12/31/2021 03/31/2022 Net income (loss) 12.6 9.4 32.3 88.6 66.0 Interest expense, net…
RECONCILIATION OF ENLC'S GROSS MARGIN TO ADJUSTED GROSS MARGIN Permian Louisiana Oklahoma North Texas Corporate Totals Q1 2022 Gross margin 36.3 55.0 34.9 34.6 (1.4) 159.4 Depreciation and amortization 36.7 35.5 50.9 28.4 1.4 152.9…
NON-GAAP FINANCIAL INFORMATION, OTHER DEFINITIONS & NOTES (CONT.) Other definitions and explanations of terms used in this presentation: 1) ENLK Series B Preferred Units means Series B Cumulative Convertible Preferred Units of EnLink…
For more information, visit http://investors.enlink.com INTEGRITY INNOVATION SAFETY PEOPLE EXCELLENCE
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