Safe Harbor Additional Information on the Transaction In connection with the proposed transaction, on November 20, 2014, Targa Resources Corp. (TRGP) filed with the U.S. Securities and Exchange Commission (the SEC) a registration…
A History of Value Creation Atlas and its related companies have a track record of creating substantial value for stakeholders over the past several decades The recently announced Targa transaction represents yet another milestone…
A History of Value Creation Atlas has provided repeated substantial returns over the years in each of its various stages of growth and development CAGR: 27% CAGR: 41% CAGR: 67% 1999 2000 2004 2011 2014 Future Atlas Chevron…
Targa Transaction Latest Significant Milestone Atlas Energy, L.P. and Atlas Pipeline Partners, L.P. have executed definitive agreements to be acquired by Targa Resources Targa Resources Corp. (TRGP) will acquire Atlas Energy (ATLS)…
Atlas Energy Group Valuation The current implied value in ATLS for Atlas Energy Group is 300MM, or 4.65/unit, substantially below the value of the current cash flows which assume no strategic growth Implied value of Atlas Energy…
Atlas Energy Group Valuation Current trading values(1): Per Unit Values 24.7MM ARP Limited Partner Units(2) 6.35 Arkoma natural gas production 1.15 Net debt expected at Atlas Energy Group(3) (2.70) Total Current Value 4.80…
Atlas Energy Group Valuation ADDITIONAL VALUE Current Normalized Per unit values(1): Value Value ARP GP & IDR Cash Flow: 17MM FY15E annual run rate(2) 6.50 9.80 GP & LP interest in Lightfoot Capital(3) 0.60 0.60 GP & LP interest…
The New Atlas - Atlas Energy Group, LLC An energy general partner focused on growth of its enterprises with minimal capital investment Atlas capital raising offers substantial ability to build new businesses Ability to grow cash…
Atlas Fundraising Business Unique funding source: Partnership funds provide a non-traditional source of capital to develop limited partnerships and funds Fundraising channel provides Atlas access to a 20 billion annual fundraising…
Pro Forma Atlas Family Corporate Structure Atlas Energy Group will own multiple GP interests and cash flow streams following the Targa transaction Atlas Energy Group, LLC General Partner General Partner General Partner General…
Atlas Energy Group Substantial Embedded Value Atlas expects to expand its interests and cash flow through future strategic activities, which could include: New energy asset opportunities Build out of ARPs production assets, possibly…
Strategic Opportunities Atlas Energy Group will have the ability to substantially increase cash flow and distributions through several potential strategic activities Atlas Resource Partners Future growth opportunities 14
Strategic Opportunities - ARP Atlas Resource Partners Potential drop down partnership Visibility to asset growth Improved liquidity and credit profile at ARP IDR high splits offer incentive to JV partner Continued increases to…
Strategic Opportunities Future Growth Additional opportunities Increased capital and organic growth in Atlas E&P Development subsidiary New enterprises to be cultivated within Atlas Energy Group, utilizing Atlas fundraising…
ATLAS RESOURCE PARTNERS 17
ARP Overview Atlas Resource Partners is an oil & gas production MLP, which manages stable producing assets from over 14,000 wells in 16 different states in the U.S. Well-balanced production between oil & natural gas 75% natural gas…
ARP Asset Overview ARP Asset Summary 1.7 Tcfe proved reserves (1) Powder 65% gas River Basin 65% developed Marcellus, 285…
Geographic & Commodity Diversification ARP has robust geographic coverage operations in 16 states Production is diversified across numerous sales points which helps mitigate basis differential risk and stabilize cash flow Scale of…
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