JPMORGAN ENERGY, POWER & RENEWABLES CONFERENCE Randy Fowler CoCEO and CFO June 23, 2022
Why EPD Diversified & built for the long run Market Capitalization: 23 consecutive Consistent in responsibly returning capital to investors: 53B years of Enterprise Value: distribution TTM Adjusted CFFO(1): 7.2B TTM Adjusted FCF(1):…
Enterprise Products Partners L.P. (NYSE:EPD) NGLs, Crude Oil, Natural Gas, Petrochemicals and Refined Products 50,000 miles of NGL, crude oil, 24 natural gas processing facilities; Fully integrated natural gas, petrochemicals and 18…
U.S. Oil & Gas and Global Energy Security Global Population Growth Requires All of the Above Energy Sources Energy Security has replaced Energy Transition as highest priority Energy transition is really energy addition World needs…
Commodity Super Cycle: Metals, Food & Energy Russian invasion has exacerbated mineral, food and energy inflation already impacted by underinvestment, lack of strategic sourcing of green metals, and postCOVID supply chain issues 1 Year…
EPD Supply Forecasts U.S. Crude Supply Scenarios 16.4 MMBPD 17 (+5.3) We expect significant growth in 16 15 14.2 MMBPD commodity supply forecasts, even in 14 (+3.1) MMBPD each Base Case, as postCOVID 13 12 demand continues…
Enterprise Expands into Midland Basin with Navitas Acquisition Why Navitas Midland Basin Customer Base MIDLAND BASIN Quality of Assets Downstream Integration Navitas Acquisition DELAWARE BASIN Approximately 1,750 miles of…
Growth Capital Project Updates 4.6B of Major Projects Under Construction Capital Project Summary Forecast Estimated 1.5B of Annual InService Organic Capital Project Spending 1.5 Midland Basin Plant 6 2Q 2023 Natural Gas…
PDH 2 Fulfilling Global Demand for Propylene Growing demand for propylene derivatives EPD Assets requires additional onpurpose production ASSET PRODUCTION CAPACITY U.S. RANK Our significant dehydro experience and extensive Propylene…
Two Natural Gas Processing Plants Serving the Permian Basin Basin Wide Access to Growing Production EPD Midland Basin Plant Volume Forecast EPD Delaware Basin Plant Volume Forecast 1.5 Plant 6 InService 2.5 Mentone II InService 2.0…
TW Products (Texas Western Products System) This integral project will utilize both new and existing assets to service refined products markets in West Texas, New Mexico, C O L O R A D O Colorado and Utah U T A H GRAND JUNCTION Up…
Expansion of Acadian Haynesville Natural Gas Pipeline Incremental Production Growth Haynesville / ETX production is forecasted to exceed 18 Bcf/d in the coming years Acadian Haynesville Expansion 2Q 2023 LNG Expansion +0.4 Bcf/d…
Ideally Positioned to Provide CO2 Takeaway Signed a LOI with Occidental to work toward a potential CO2 transportation and sequestration solution for the Texas Gulf Coast; the project is initially focused on emitters in the greater…
Flexibility in Focus EPDs Strengthening Balance Sheet BBB+ One of the highest credit ratings in Baa1 the midstream space Debt Maturity Schedule(2) 30,000 24,296 Ample amount of liquidity, 25,000 3.9B following the closing of…
Returning Capital to Equity Investors for TTM 1Q 2022 4.2 Billion Returned to 5.3 Billion Equity Holders 80% Adjusted 8.0 7.2 (5.0) FCF Payout 7.0 Ratio(1) 6.0 3.2 (4.0) 5.0 Billions 4.0 0.8 (3.2) 3.0 1.5 (0.1) 2.0…
Responsibly Returning Capital to Unitholders SelfFunded in MMs Moderated Distribution Capex Growth; SelfFund Equity 7,000 6,000 Completely Eliminated IDRs 5,000 and Collapsed GP Holdco 4,000 1.7x 1.6x 1.7x 1.2x 1.5x 1.2x…
Total Return Since 1998 of XLE, SPX, and EPD EPD: 3,386% 3500.0% 3000.0% 2500.0% 2000.0% 1500.0% SPX: 421% 1000.0% XLE: 560% 500.0% 0.0% 500.0% 12/1/1998 6/1/1999 12/1/1999 6/1/2000 12/1/2000 6/1/2001 12/1/2001…
APPENDIX
Definitions Operational DCF per Unit represents Distributable Cash Flow (DCF) excluding proceeds from asset sales and property damage insurance claims and net receipts / payments from the monetization of interest rate derivative…
Distributable Cash Flow We measure cash available for distribution by reference to distributable cash flow (DCF). DCF is a quantitative standard used by the investment community for evaluating publicly traded partnerships since the value…
Gross Operating Margin We evaluate segment performance based on our financial measure of gross operating margin (GOM). GOM is an important performance measure of the core profitability of our operations and forms the basis of our internal…
Free Cash Flow (FCF) and Adjusted FCF Free cash flow (FCF) is a traditional cash flow metric that is widely used by investors and other participants in the financial community. In general, FCF is a measure of how much cash flow a business…
Adjusted EBITDA Adjusted EBITDA is commonly used as a supplemental financial measure by our management and external users of our financial statements, such as investors, commercial banks, research analysts and rating agencies, to assess…
Adjusted CFFO Adjusted CFFO is a nonGAAP measure that represents net cash flow provided by operating activities (CFFO) before the net effect of changes in operating accounts. We believe that it is important to consider this nonGAAP…
Investor Relations Contact Information Randy Burkhalter Vice President, Investor Relations (713) 3816812 rburkhaltereprod.com Joe Theriac Director, Finance & Investor Relations (713) 3816394 jstheriaceprod.com Libby Strait…
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