Highlights 65-year history of serving the 3.45 - 3.60 billion North American market and now 42 billion(1) 2022(F) Adjusted EBITDA actively expanding its global Enterprise Value Guidance*(2) presence Highly integrated…
Purpose of Pembina To be the leader in delivering integrated infrastructure solutions connecting global markets: Customers choose us first for Investors receive sustainable reliable and value-added industry-leading total returns…
Diversified and Integrated Transportation and Midstream Assets 3.1 mmbpd hydrocarbon transportation capacity 6.1 bcf/d(1) (pre-FID) gas processing capacity 130 mbpd(1) condensate stabilization 354 mbpd fractionation…
The Pembina Store Natural Gas Value Chain Gas Consumers NGL (pre-FID LNG Export Terminal) Mainline Extraction NGL Alliance Gathering, 3rd Party and Fractionation Pipeline Processing, Pipelines (Younger, Empress, Field…
Diversified and Highly Contracted Business Division Commodity Type Marketing & Commodity Pipelines NGL Crude Oil & Take-or-Pay / Cost- New Ventures Exposed Condensate of-Service 10% - 20% 10% - 20% 35% 40% Fee-for- 15% -…
Pembina and KKR Create Joint Venture to Merge Western Canadian Processing Assets TSX: PPL; NYSE: PBA
Transaction Summary Pembina and KKR to combine their respective western Canadian natural gas processing assets into a single, new joint venture entity (Newco) Assets Pembinas field-based natural gas processing assets Pembina and…
Newco Platform Spans the Montney and Duvernay Trends Pembina assets contributed 25 to Newco processing facilities Veresen Midstream assets 5 bcf/d contributed to Newco processing capacity ETC assets contributed to VERESEN Newco 3,350…
Newco Transaction - Strategic Highlights Ability to serve customers throughout the Montney and Duvernay trends from North Central Alberta to Northeast B.C. (NEBC) Efficiencies from the combination of three platforms, enabling cost…
Pembinas ESG Journey Pembina is embracing Enhancing ESG the opportunity to adapt, Solid Foundation Meaningful Targets Path Forward respond, and contribute Disclosure & Capability to a more sustainable Employee and Contractor…
GHG Target and Path (1) 30% reduction in greenhouse gas emissions intensity by 2030 Multiple pathways to achieve target OPERATIONAL RENEWABLE ENERGY INVESTING IN A LOWER CARBON ECONOMY Optimizing pipeline capacity and…
Employee EDI Targets Representation by Women: 35% of the overall workforce by 2025 30% of executive leadership by 2022 Overall Diversity*: 40% of executive leadership is diverse by 2025 45% 40% 45% of the overall workforce is…
Indigenous Partnerships Proposed 3 mmtpa floating LNG project on Haisla land Approximate ownership of 50 percent each; Pembina to serve as operator Advantaged access and shipping cost to Asia-Pacific Estimated project cost of US2.4…
ESG Ratings and Reporting Pembina expects to release its next full ESG RISK RATING length Sustainability Report in Fall 2022 Rank(1) Percentile(1) RANKING (1st = lowest risk) (1st = lowest risk) Refiners & Pipelines Going forward,…
Leverage Our Past To Lead The Future Lower Carbon Energy Global Impact New Opportunities Wind Carbon Capture, Hydrogen Cogeneration Liquified Natural Gas 100MW & 105MW Power Utilization & Storage Aux Sable Canada's Heartland…
Alberta Carbon Grid Pembina and TC Energy plan to jointly develop a world-scale CO2 transportation and sequestration system known as Alberta Carbon Grid (ACG) Pembina and TC Energy are uniquely positioned given their collective skills…
What the Future Pembina Store Could Look Like Natural Gas Value Chain CO2 CO2 Gathering, Gas Processing, NGL Mainline Extraction Field Extraction and Fractionation (pre-FID LNG (Younger, Empress, Export Terminal) NGL Alliance…
Commitment to a Strong BBB Credit Rating Proportionately Consolidated Debt-to-Adjusted EBITDA(1) Pembinas Debt Maturity Profile(2) 4,000 4.25x TARGET Senior Debt Term Loan Revolving Credit Hybrid 4.0x 3,500 3.6x 3,000 3.50x…
3.80B 7.00 2022 Adjusted EBITDA Guidance(1)(2) 3.70B 6.00 Volume increases on existing assets in conventional pipelines and gas processing 3.60B New assets placed into service throughout 2021 and 2022 5.00 Adjusted EBITDA per…
Capital Allocation Priorities 2022 Sources and Uses 1 Maintaining balance sheet strength 2 Maintain dividends 3 Accretive growth capital 4 Discretionary cash flow: (1) 2022 Proceeds from Dividends Capital Opportunistic…
Financial Guardrails 2021 2022F Maintain target of 80% fee-based contribution to 80% - Pembina pioneered the 1 88% 85% adjusted EBITDA(1)(2) concept of the Financial Guardrails in the midstream energy industry. The…
Growth Opportunities TSX: PPL; NYSE: PBA
Producer Activity Alberta and B.C. Volumes - Pre-pandemic to Present Alberta and B.C. Drilling Rig Activity(3) Crude Oil (1) 200 10% 180 0% 160 -10% -20% 140 2020-Q1 2020-Q2 2020-Q3 2020-Q4 2021-Q1 2021-Q2 2021-Q3 2021-Q4…
Projects Currently Underway Phase VII Peace Pipeline Expansion 160,000 bpd of incremental C5+ capacity upstream of Fox Creek Expected to be approximately 150 million under budget Placed into service June 1, 2022 Phase VIII Peace…
4 Billion of Additional Projects Under Development NEBC infrastructure solutions Gas processing facilities Greenfield Cedar LNG Petrochemical feedstock solutions Additional NGL extraction at existing assets NEBC system…
Growth Driver: Northeast British Columbia Liquids Producer Consolidation and Growth Potential Significant NEBC Land Holders Majority of land held by a few investment grade counterparties and surrounding Pembinas assets Larger…
Pembinas Value Proposition Leading provider of essential North American energy services Track record of sector outperformance Resilient and diverse set of franchise assets and services along the energy value chain Established…
Endnotes Slide 3: Highlights Slide 25: Commitment to a Strong BBB Credit Rating (1) As at May 2, 2022. (1) Proportionately Consolidated Debt-to-Adjusted EBITDA and Rating Agency FFO-to-Debt are non- (2) Adjusted EBITDA is a non-GAAP…
Non-GAAP and Other Financial Measures Adjusted EBITDA From Equity Accounted Investees In accordance with IFRS, Pembina's jointly controlled investments are accounted for using equity accounting. Under equity accounting, the assets and…
Non-GAAP and Other Financial Measures Adjusted Cash Flow From Operating Activities and Adjusted Cash Flow From Operating Year Ended Activities per Common Share ( millions, except as noted) Notes December 31, 2021 Adjusted cash flow from…
Non-GAAP and Other Financial Measures Fee-Based Contribution to Adjusted EBITDA Year Ended December 31, ( millions, except as noted) Notes 2021 Fee-based contribution to adjusted EBITDA is a non-GAAP measure defined as the portion of…
Non-GAAP and Other Financial Measures Cash Flow After Dividends Year Ended December 31, ( millions, except as noted) Notes 2021 Cash Flow After Dividends is a non-GAAP measure and is defined as cash flow from operating Cash flow from…
Non-GAAP and Other Financial Measures Rating Agency FFO-to-Debt Year Ended Year Ended ( millions, except as noted) Notes December 31, 2020 December 31, 2021 Rating Agency FFO-to-Debt is a non-GAAP ratio defined and used by Pembina…
Non-GAAP and Other Financial Measures Year Ended Year Ended December ( millions, except as noted) Notes December 31, 2020 31, 2021 Senior Debt Loans and borrowings (current) 600 1,000 Senior debt is a non-GAAP measure and is defined…
Contact Us Pembina Pipeline Corporation www.pembina.com Investor Relations inquiries: investor-relationspembina.com Toll free: 1.855.880.7404 Phone: 403.231.3156 Media Relations inquiries: mediapembina.com 44
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