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Corporate Profile – Keyera Corp.

Keyera Corp. · Feb 28, 2014 · 26 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Corporate Profile – Keyera Corp. – slide 1
    Corporate Profile February 2014
  2. Corporate Profile – Keyera Corp. – slide 2
    Keyera (TSX:KEY) Strong History of Financial Performance 900 Total Cumulative Return of 100 Investment Since 2003 21.9% 800 Compound annual 700 TSR1 7.8% 600 500 400 300 200 100 CAGR2 in dividends 900MM per share KEY…
  3. Corporate Profile – Keyera Corp. – slide 3
    Keyera - One of the Largest Midstream Operators in Canada Canadian Industry Focus Keyera Business Driver Natural gas producers require Liquids-rich natural significant infrastructure to gas production support growing natural gas…
  4. Corporate Profile – Keyera Corp. – slide 4
    Integrated Business Lines Superior Service Offering * Includes intersegment transactions. Operating margin refers to total operating revenues less total operating expenses and G&A expenses associated with the Marketing segment.…
  5. Corporate Profile – Keyera Corp. – slide 5
    Significant Growth Investments Available and Underway Norlite Diluent Pipeline Future Storage South Cheecham ACT Future Enhancing NGL to Oilsands Caverns Expansion Expansion Recoveries at Gas Plants Josephburg Rail New Gas Hull,…
  6. Corporate Profile – Keyera Corp. – slide 6
    Growth Projects Currently Under Development Capital Cost Projects Millions1 2013 2014 2015 2016 Rimbey turbo expander 210 Wapiti raw gas and condensate pipelines 180 Simonette plant modifications 90 Strachan sulphur projects 85 Gas…
  7. Corporate Profile – Keyera Corp. – slide 7
    Gathering and Processing Business Unit Well maintained, long-life facilities MONTNEY 2.4 Bcf/d licensed gross capacity Keyera operates 14 of 15 plants NGL extraction capability at 95% of plants Extensive gathering systems DUVERNAY…
  8. Corporate Profile – Keyera Corp. – slide 8
    Montney A World Class Resource Large portion of western Canadian natural gas production currently coming from the Montney Horizontal drilling / multi-stage completions enabled economic development Recent Montney study1 estimates…
  9. Corporate Profile – Keyera Corp. – slide 9
    Producers active in area NuVista Simonette Expanding to Handle New Paramount 7 Generations Sinopec Daylight Gas Production Harvest Exxon Mobil CIOC Opening new capture area northwest of plant in Wapiti / Elmworth area activity…
  10. Corporate Profile – Keyera Corp. – slide 10
    Northern Duvernay Potential World Class Resource Emerging natural gas resource development east of Simonette Initial indications are that Duvernay gas contains high levels of condensate and other NGLs Significant infrastructure…
  11. Corporate Profile – Keyera Corp. – slide 11
    Southern Duvernay Significant Infrastructure in Place Today Producers active in the Keyera is well positioned West Central Area: Encana. 10 plants (1.9 bcf/d processing capacity Shell Talisman and liquids recovery) Sinopec…
  12. Corporate Profile – Keyera Corp. – slide 12
    Enhancing Liquids Extraction at Rimbey Adding 400 MMcf/d turbo expander to enhance liquids extraction Ethane capacity 20 Mbbls/d Project underpinned by long-term ethane purchase agreement Gross capital 210 million Expected start-up…
  13. Corporate Profile – Keyera Corp. – slide 13
    Liquids Business Unit NGL Infrastructure is a fee-for-service business providing: 80,000 bbls/d of fractionation capacity at 5 locations Rail & truck handling facilities, including a 1,500+ rail car fleet 11.4 million barrels of…
  14. Corporate Profile – Keyera Corp. – slide 14
    Oil Sands Multi-Decade Resource1 Canada has 3rd largest oil reserves in world; 97% are in the oil sands Reserve base of 168 Billion barrels recoverable represents approximately half of world oil reserves not under sovereign control…
  15. Corporate Profile – Keyera Corp. – slide 15
    Providing Customers with Significant Receipt and Delivery Flexibility Keyeras Fort Saskatchewan Condensate System Diluent transportation, storage and terminalling services in Edmonton/Fort Saskatchewan Connections to access all…
  16. Corporate Profile – Keyera Corp. – slide 16
    South Cheecham Terminal Extending our Logistics Footprint South Cheecham Rail and Truck Terminal completed in Q3, 2013 Ownership Keyera 50%, Enbridge 50% Terminal capable of receiving diluent and solvents and loading dilbit and…
  17. Corporate Profile – Keyera Corp. – slide 17
    Alberta Crude Terminal Developing Crude By Rail Loading in Edmonton Area 50/50 partnership with Kinder Morgan 40,000 Bbls/d crude oil loading facilities Access to all crude qualities from Kinder Morgan Potential for up to 125,000…
  18. Corporate Profile – Keyera Corp. – slide 18
    Norlite Pipeline Leveraging our Condensate Infrastructure Enbridge proceeding with development of Norlite pipeline, a diluent pipeline from Fort Saskatchewan to Athabasca oil sands region Norlite shippers may access Keyeras…
  19. Corporate Profile – Keyera Corp. – slide 19
    Adding De-ethanization at KFS Adding a 30 Mbbls/d de-ethanizer at Keyeras Fort Saskatchewan Fractionation and Storage Facility (KFS) Project will enable fractionation of an ethane-rich stream of NGLs (C2+ mix) and increase the…
  20. Corporate Profile – Keyera Corp. – slide 20
    Expanding C3+ Fractionation at Fort Saskatchewan Producers increasingly looking for NGL fractionation and marketing services tied to natural gas processing services Alberta fractionators, including Keyeras, are operating near…
  21. Corporate Profile – Keyera Corp. – slide 21
    Josephburg Rail Terminal Enhancing Keyeras Infrastructure Josephburg terminal will help address the need for new propane rail infrastructure to handle: Cochin propane volumes when the pipeline is taken out of propane service…
  22. Corporate Profile – Keyera Corp. – slide 22
    Conservative Capital Structure Key Debt Metrics 2.0 x Net debt 1 / LTM EBITDA1 13% Net debt 1 / Enterprise value2 1 Net debt was 770.3 million and is net of working capital and LTM EBITDA was 379.3 million. As at Dec 31, 2013 (adjusted…
  23. Corporate Profile – Keyera Corp. – slide 23
    Stable and Growing Business Operating Margin1,3 EBITDA2,3,5 Millions Millions 450 400 400 350 350 300 300 250 250 200 200 150 150 100 100 50 50 0 0 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013 NGL Marketing -…
  24. Corporate Profile – Keyera Corp. – slide 24
    Trading Metrics KEY Trading Symbols (TSX) 66.50 Common Share Price1 5.3 B Market Capitalization1 6.0 B Enterprise Value1,2 79.3 M Common Shares Outstanding3 166,234 Daily Trading Volume4 2.40 Annualized Dividend per Share…
  25. Corporate Profile – Keyera Corp. – slide 25
    In Summary - Our Platform for Success Track record of steady value creation Positioned to benefit from liquids-rich gas Stable cash flows with demonstrated growth production Focused strategy, disciplined approach Positioned to…
  26. Corporate Profile – Keyera Corp. – slide 26
    For Further Information Contact: John Cobb Vice-President, Investor Relations or Julie Puddell Manager, Investor Relations 888-699-4853 irkeyera.com Keyera Corp. 600, 144 4 Avenue SW Calgary, Alberta T2P 3N4 WWW.KEYERA.COM

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