Targa Resources Corp. Investor Presentation November 2022
Targa is a Leading Infrastructure Company Premier Permian Basin Natural Gas Gathering and Processing Assets Largest gatherer and processor of natural gas in one of the top resource plays in the world Producer customers have decades…
Significant Growth Across Integrated Asset Footprint Assets connect key U.S. natural gas and NGL supply to domestic and international demand markets Wellhead to Water Solution Substantial natural gas gathering and processing in…
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…
Targas Premier Permian Asset Footprint Recent Delaware Basin acquisition further enhance systems 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 To support increasing activity and production outlooks, Targa is adding an incremental 550 MMcf/d of natural gas…
Permian Delaware Expansions Expansions provides attractive integrated returns and enhances operational performance Wildcat II plant Strategic Merits Midway plant Midway plant Construction continues on the new 275 MMcf/d plant…
Targas NGL Pipeline Transportation System Targa is expanding its NGL takeaway from the Permian to support growth from Targas assets and its future plant additions Legacy plant Heim plant Announced Targa plant construction…
NGL Production Feeds Logistics & Transportation Assets Targas NGL pipelines connect and direct significant NGL volumes to its fractionation complex in Mont Belvieu Significant NGLs from Targa Permian Plants Targas NGL Transportation…
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…
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…
ESG Approach Delivering Energy Sustainably Targa is part of the energy infrastructure that is delivering safe, reliable energy to global communities Environmental Stewardship Safety Leadership We are focused on minimizing our We know…
2021 Sustainability Highlights Reduced scope 1 plus scope 2 GHG intensity by 12% Our Goals by 2025 Reduced flaring volumes from emissions events by 40% .08% Reduce our methane intensity to 0.08% for our Exported approximately 4.9…
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
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…
Visit us at targaresources.com Contact Information: Email: InvestorRelationstargaresources.com Phone: (713) 584-1133 811 Louisiana Street Suite 2100 Houston, TX 77002