DT Midstream Company Presentation December 2024 Ammons compressor station Appalachia Gathering System phase 2 expansion
New slide Safe Harbor Statement This presentation contains statements which, to the extent they are not statements of historical or present fact, constitute forward-looking statements under the securities laws. These forward-looking…
DTM Provides a Distinctive Investment Opportunity Premium, high-quality attributes compared to other gas-focused peers 5-7% long-term growth rate EBITDA CAGR Dividend CAGR Leading Organic self-funded and fully supported by 2021-2023…
DT Midstream has strategically located, integrated assets Uniquely positioned to benefit from growing LNG and power demand Sources: S&P Global Commodity Insights, Wood Mackenzie North America Gas Investment Horizon Outlook October…
Expanding DTMs FERC Natural Gas Pipeline Network with Bolt-on Acquisition, Expected to Close Late 2024/Early 2025 Acquisition of three FERC-regulated, demand-pull interstate pipeline systems directly connected or proximal to DTMs existing…
Diversified Asset Base Anchored by Strong Pipeline Segment Highest natural gas pipeline asset contribution in sector1 Business mix (% of total 2023 Adjusted EBITDA2) Highly contracted asset portfolio supports Millennium NEXUS 11%…
High Quality Cash Flows and Customers Cash flows are underpinned by take-or-pay contracts and high credit quality customers Total revenue contribution Customer credit (% of 2023 contribution1) (% of 2023 contribution) 90% 85%…
On Track to Reach Investment Grade Positive reaction from rating agencies to announced acquisition agreement Debt maturity profile (billions) Undrawn revolver capacity Drawn revolver balance1 Long-term debt Weighted average maturity…
Growth Investment Projects Continue to advance and deliver on short-cycle growth investments Expected Project in-service dates Haynesville LEAP expansion Phase 4 1H 2026 In-flight project updates Pipeline Stonewall to Mountain…
Sizeable Organic Project Backlog Balanced opportunity set across all business segments Pipeline Gathering Project Contribution Status Project Contribution Status LEAP phase 1 expansion Aug. 2023 In-service Blue Union gathering /…
Strong Long-term Production Outlook in Both Basins Haynesville and Appalachia production are expected to experience significant growth over the next decade Historical production Production forecast (bcf/d) Haynesville Appalachia (bcf/d)…
LEAP Phase 4 expansion will increase capacity to 2.1 Bcf/d Haynesville System to provide additional 0.2 Bcf/d of wellhead to Gulf Coast markets access DTM assets LNG facilities Capital efficient, lower-risk expansion provides timely…
Upsizing Strategic Appalachian Basin Interconnect Expansion increases interconnect capacity and access to growing Mid-Atlantic market Access to Midwest Markets New agreement expanding Mountain Valley Pipeline (MVP) interconnect…
Louisiana Carbon Capture and Sequestration Continuing pre-FID engineering awaiting regulatory guidance from the State of Louisiana Project timeline Methodical project development approach Capital deployment Class VI well permit filing…
Clean Fuels Gathering Project Energy Transition investment leverages DTMs gas gathering, treating and tax credit expertise Clean Fuels Transaction Process Producer Responsibility DT Midstream Responsibility Fugitive coal mine…
Disciplined Capital Investment Strong organic origination is solidifying our 2025 capital plan and is underpinning future growth Growth capex1 (millions) Committed Pre-FID / Highly Probable Cash flow after dividends 330 - 350…
Appendix 19
New slide Non-GAAP Definitions Adjusted EBITDA and Distributable Cash Flow (DCF) are non-GAAP measures Adjusted EBITDA is defined as GAAP net income attributable to DT Midstream before expenses for interest, taxes, depreciation and…
New slide Non-GAAP Definitions Operating Earnings and Operating Earnings per share are non-GAAP measures Use of Operating Earnings Information Operating Earnings exclude non-recurring items, certain mark-to-market adjustments and…
Non-GAAP Reconciliations Reconciliation of Net Income Attributable to DT Midstream to Adjusted EBITDA Year Ended December 31, December 31, 2023 2022 Net Income Attributable to DT Midstream 384 370 Plus: Interest expense 150 137…
Non-GAAP Reconciliations Reconciliation of Net Income Attributable to DT Midstream to Adjusted EBITDA Year Ended December 31, December 31, 2021 2020 Net Income Attributable to DT Midstream 307 312 Plus: Interest expense 112 113…
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