Targa Resources Corp. MUFG Petrochemicals Conference September 8, 2022
Premier Midstream Infrastructure Company Integrated assets that connect natural gas and NGL supply to domestic and international demand markets Wellhead to Water Solution Substantial natural gas gathering and processing in multiple…
Integrated Platform Supports Fee-Based Profile Durable earnings power from significant fee-based margin across Targa businesses Segment Business Mix 2022E(1) Fee-Based Profile 2022E(1) Permian Basin Pipeline Transportation Gathering…
Risk Management Risk management framework further strengthens cash flow stability Credit Risk Management Revenue from Top 25 Customers(1) Gathering & Processing Targa is predominantly in a net payable position to its G&P 80% of…
Integrated Infrastructure Platform
Permian Basin is a World-Class Resource Targas leadership position in the Permian and integrated platform move significant liquids to NGL hub in Mont Belvieu Permian Crude Oil Production Forecast(1) Permian Gross Gas and NGL…
Strategic Permian Basin Acquisition 3.55 billion Delaware Basin acquisition completed in late July 2022 increases Targas size and scale Leading Gathering and Processing System in the Prolific Delaware Basin 600,000 dedicated acres,…
Targas Premier Permian Asset Footprint Recent Delaware Basin acquisition further enhances system across the Midland and Delaware Basins Legend Active Rigs Processing Plant Multi-plant, multi-system Permian Processing Plant In…
Permian Midland Expansions Midland Basin processing expansions provide attractive integrated returns Strategic Merits Greenwood Plant To support increasing activity and production outlooks, Targa is adding an incremental 825…
Permian Delaware Expansions Expansion provides attractive integrated returns and enhances operational performance Strategic Merits New 275 MMcf/d plant (Midway) in the Delaware Basin expected to begin operations in 3Q23 Midway…
NGL Production Feeds Logistics & Transportation Assets Grand Prix NGL Pipeline connects and directs significant NGL volumes to Targas fractionation complex in Mont Belvieu Significant NGLs from Targa Permian Plants Grand Prix NGL…
NGL Market Hub With Global Reach Logistics assets exceedingly difficult to replicate, fee-based businesses, with significant take-or-pay Premier Fractionation Ownership Position in Mont Belvieu LPG Export Services Business Connects to…
ESG Environmental, Social, Governance Targa is part of the energy infrastructure that is delivering safe, reliable energy to global communities Environment & Safety Social We recognize that our We employ a talented and commitment to…
We Own and Operate Critical Infrastructure Our operations are essential to the efficient, safe, and reliable delivery of energy across the U.S. and increasingly the world Targas operations connect natural gas and NGLs to domestic…
Global Demand Outlook and the Call on U.S. Supply Increasing global energy demand requires diverse supply source; U.S. exports expected to fuel future energy needs Global Energy Demand by Fuel(1) U.S. Natural Gas and Natural Gas…
Targa is Well-Positioned to Support Global Energy Needs Targas facilities exported 4.9 billion gallons of LPGs globally in 2021 and helped reduce global CO2 emissions LPGs are replacing biomass in many rural communities, and LPG Use…
Reconciliations 21
Non-GAAP Measures Reconciliation Year Ended December 31, 2021 2020 2019 (In millions) Reconciliation of Net income (loss) attributable to Targa Resources Corp. to Adjusted EBITDA, Distributable Cash Flow and Adjusted Free Cash Flow…
Non-GAAP Measures Reconciliation Full Year 2022E (in millions) Reconciliation of Estimated Net Income attributable to Targa Resources Corp. to Estimated Adjusted EBITDA Net income attributable to Targa Resources Corp. 1,245.0…
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