October 11, 2013 Boardwalk Annual Customer Meeting Nashville Customer Meeting 2014 Wells Fargo Energy Symposium Boardwalks Response to the December 2014 Changing Market Kathy Kirk, Senior Vice President Marketing & Origination…
October 11, 2013 Boardwalk Annual Customer Meeting Nashville Customer Meeting Boardwalk Company Overview Boardwalks Response to the Stan Horton, President Changing Market and CEO Kathy Kirk, Senior Vice President Marketing &…
Key Investment Highlights Diversified midstream MLP that transports, stores, gathers and processes natural gas and liquids A substantial portion of revenue is from fixed-fee, take-or-pay contracts with mostly investment-grade…
Large and Diverse Platform of Solid Infrastructure Assets Texas Gas Transmission Boardwalk Louisiana Midstream Hubs Texas Gas storage facilities Boardwalk Storage Company Gulf South Pipeline Evangeline Ethylene Pipeline Gulf South…
Introduction to Boardwalks General Partner Our general partner is a wholly-owned subsidiary of Loews Corporation, which is one of the largest diversified corporations in the United States Principal subsidiaries and percent of…
Boardwalk Strategy Leverage and strengthen existing natural gas pipeline transportation and storage assets by attaching to new end-use markets and accessing abundant supply sources Optimize asset base by identifying and implementing…
Basis Spreads LEGEND DOMINION Average Annual SOUTH POINT Spread (1.30) 2015 (0.21) 2013 0.31 2009 0.30 2006 KOSCI CENTERPOINT EAST (0.08) (0.10) (0.05) (0.06) (0.14) (0.00) 0.06 (0.10) 0.01 0.06 (0.62) TRANSCO (0.73)…
Key Shale Gas Supplies Near our Footprint Boardwalk assets are located near shale gas supply sources with significant reserves Total U.S. supply is 74 Bcf/d for 2014 and is forecasted to be 26.2 Bcf/d 90 Bcf/d in 2020, with the…
Regional Natural Gas Demand Growth LEGEND Est. Avg. Annual Natural Total U.S. demand is 74 Bcf/d for 2014 and is forecasted to be 90 Bcf/d in Gas Demand by Region 2020, with the greatest incremental consumption growth coming from…
October 11, 2013 Boardwalk Annual Customer Meeting Nashville Customer Meeting GrowthResponse Boardwalks Projects to the Changing Market Kathy Kirk, Senior Vice President Marketing & Origination Southeast Market Expansion 12
Projects Completed Since Fall 2011 (2.1 billion) Growth Project/Acquisition Scope Timing Est MM (Capex) Acquisition of Petal Gas Storage Acquired approx. 23 Bcf of working gas capacity and 105 miles of natural gas pipelines Closed…
Recently Announced Projects (1.4 billion) Growth Project/Acquisition Scope Timing Est MM (Capex) Flag City Processing Plant Executed 5-year agreement for an additional 30 MMcf/d of firm gathering and processing capacity at Flag City…
Southeast Market Expansion Capex: 300 million Contracted Capacity: 550,000 MMBtu/d with 10-year FT contracts In-Service: October 2014 15
Coastal Bend Project to Serve Planned Freeport Liquefaction Export Terminal Gulf South Pipeline Coastal Bend Header Red lines indicate GS Legacy assets used to serve Coastal Bend Header Perryville Exchange Capex Est.:…
North-to-South Projects: OH-LA and Southern IN Market Lateral Ohio-to-Louisiana Access Project Capex Est.: 115 mm Southern Lebanon Indiana Market Marcellus & Contracted Capacity: Lateral Utica Supplies 626,000 MMBtu/d with 13- year…
Additional North-to-South Projects Northern Supply Access Project Capex Est.: 250 mm Lebanon Contracted Capacity: Marcellus & 280,000 MMBtu/d with 16-year Utica Supplies weighted average precedent agreements In Service: mid-2017 (est.)…
Western Kentucky Market Lateral Western Kentucky Market Lateral Texas Gas Transmission Proposed lateral Marcellus Interconnect & Utica Lebanon Supplies Western Kentucky Market Lateral Capex Est.: 80 mm Contracted…
Projects to Attach to Additional End-Use Markets Projects to provide approximately 390,000 MMBtu/d of natural gas deliveries to power and industrial plants EXECUTED AGREEMENT Connection to power plant in Indiana Executed 5-year firm…
Boardwalk Louisiana Midstream Growth Projects Evangeline Ethylene Pipeline provides ethylene Expansion to Serve Sasols Ethane transportation from East TX/West LA to the Mississippi Cracker: River Corridor Ethane cracker to be located…
Boardwalk Field Services Flag City Processing Plant and Gathering Lines were placed into service in June 2013 Recently contracted for We are seeing utilization increase as the Eagle Ford shale play an additional 30 MMcf/d continues…
October 11, 2013 Boardwalk Annual Customer Meeting Nashville Customer Meeting FinancialResponse Boardwalks Overview to the Jamie Buskill, Senior Changing VP and CFO Market Kathy Kirk, Senior Vice President Marketing &…
Boardwalk Revenue Profile Backed by Firm, Long-term Contracts Majority of revenues are under firm contracts Capacity reservations charges are received monthly regardless of utilization Weighted-average contract life of approximately 5…
Capitalization as of September 30, 2014 Proforma adjustments for Adjustments for Boardwalk Petrochemical As Adjusted for December 31, 2014 Financing September 30, Acquisition and Debt Acquisition and ( in millions, except ratio data)…
Key Investment Highlights Diversified midstream MLP that transports, stores, gathers and processes natural gas and liquids A substantial portion of revenue is from fixed-fee, take-or-pay contracts with mostly investment-grade…
Boardwalk Adjusted EBITDA and Distributable Cash Flow Reconciliation Non-GAAP Financial Measures Adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA) is used as a supplemental financial measure by…
October 11, 2013 Boardwalk Annual Customer Meeting Nashville Customer Meeting 2014 Wells Fargo Energy Symposium Boardwalks Response to the December 2014 Changing Market Kathy Kirk, Senior Vice President Marketing & Origination…
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