Tallgrass Energy Kelso Annual Meeting Tallgrass Energy Partners (TEP) May 1, 2014 Confidential Presentation As of: 04/24/2014
Tallgrass Energy System Overview Tallgrass was formed in 2012 to pursue midstream opportunities Acquired assets from Kinder Morgan in November 2012 as part of Kinder Morgans FTC-mandated divestiture process 3.3bn total enterprise…
Tallgrass Ownership Structure The Tallgrass ownership structure aligns the interests of management, Kelso, and EMG with those of the public unitholders Tallgrass Development continues to own and operate a substantial portfolio of…
Tallgrass Energy Accomplishments TIGT Expansion Contracted for 2mm annual EBITDA on TMID Expansion systems West End 35mmcf/d Douglas expansion substantially De-risking TMID NYSE: TEP completed Converted large percent of proceeds…
Tallgrass Energy Partners Assets As of: 04/24/2014
Tallgrass Energy Partners (TEP) Overview TEP Fundamentals TEP Characteristics Stable Cash Flow Links producing basins to end-user markets in the Midwest and Attractive Footprint Midcontinent Proactively preparing for growing natural…
Asset Update & Development Initiatives Consistent throughput levels throughout 2013 primarily driven by on-system customer base 75% of transportation revenue from on-system customers, with weighted average contract life of 4 years(1)…
TEP Financial Performance Quarterly Adjusted EBITDA Annualized LP Distribution (1) (2) TEP Stock Price Performance Since IPO 40.00 36.41 35.00 30.00 25.00 20.00 15.00 May-15-2013 Jul-15-2013 Sep-15-2013 Nov-15-2013…
TEP Financial Update TEP achieved or exceeded guidance in all major financial categories in 2013 The acquisition of Trailblazer on April 1, 2014 is expected to bring at least a 0.20 increase to annual distributions per unit…
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