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MORGAN STANLEY MIDSTREAM MLP & DIVERSIFIED NG CORPORATE ACCESS EVENT – Spectra Energy Corp.

Spectra Energy Corp. · Mar 4, 2014 · 10 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. MORGAN STANLEY MIDSTREAM MLP & DIVERSIFIED NG CORPORATE ACCESS EVENT – Spectra Energy Corp. – slide 1
    MORGAN STANLEY MIDSTREAM MLP & DIVERSIFIED NATURAL GAS CORPORATE ACCESS EVENT Spectra Energy Growth from a Position of Strength March 4-5, 2014
  2. MORGAN STANLEY MIDSTREAM MLP & DIVERSIFIED NG CORPORATE ACCESS EVENT – Spectra Energy Corp. – slide 2
    Safe Harbor Statement Some of what well discuss today concerning future company performance will be forward-looking information within the meanings of the securities laws. Actual results may materially differ from those discussed in…
  3. MORGAN STANLEY MIDSTREAM MLP & DIVERSIFIED NG CORPORATE ACCESS EVENT – Spectra Energy Corp. – slide 3
    Value Creation for our Investors 6B 7B 20B Assets acquired or Projects with Enterprise value of placed into service fee-based contracts Spectra Energy Partners in 2013 secured in 2013 Growth opportunities by the end of the…
  4. MORGAN STANLEY MIDSTREAM MLP & DIVERSIFIED NG CORPORATE ACCESS EVENT – Spectra Energy Corp. – slide 4
    Continued Momentum New crude platform providing significant incremental 35 35B Express-Platte Twinning Power growth opportunities by the end of the decade conversions Union Gas 30 Gulf Coast LNG DCP & Western 25+B 13+B Canada…
  5. MORGAN STANLEY MIDSTREAM MLP & DIVERSIFIED NG CORPORATE ACCESS EVENT – Spectra Energy Corp. – slide 5
    Liquids: Exceeding Expectations 350 Liquids EBITDA (MM) 32% 305 Total Liquids CAGR 300 275 Southern Hills 250 85 Sand Hills 19% 75 210 200 40 Express-Platte CAGR 150 132 220 Express-Platte 100 200 170 Pipeline System…
  6. MORGAN STANLEY MIDSTREAM MLP & DIVERSIFIED NG CORPORATE ACCESS EVENT – Spectra Energy Corp. – slide 6
    Field Services: Growth-for-Growth Strategy 4-6B 3-5B 33% 2014-2016 self-funded 2014-2016 potential CAGR 2013-2016 capital program dropdowns to DPM DCP GP/LP from DPM DPM Dropdowns (B, consolidated, includes DPM) DPMs Distributions…
  7. MORGAN STANLEY MIDSTREAM MLP & DIVERSIFIED NG CORPORATE ACCESS EVENT – Spectra Energy Corp. – slide 7
    Growth from a Position of Strength Powerful asset base supports ongoing dividend and distribution growth and attractive shareholder returns Significant growth in the core natural gas businesses with rapid growth in new complementary…
  8. MORGAN STANLEY MIDSTREAM MLP & DIVERSIFIED NG CORPORATE ACCESS EVENT – Spectra Energy Corp. – slide 8
    Spectra Energy 2014e-16e Distributable Cash Flow Distributable Cash Flow (MM) 2014e 2015e 2016e EBITDA 3,035 3,255 3,490 ADD: Net cash from equity investments (35) 5 (15) Other 5 15 10 LESS: Interest expense 730 730 760 Equity…
  9. MORGAN STANLEY MIDSTREAM MLP & DIVERSIFIED NG CORPORATE ACCESS EVENT – Spectra Energy Corp. – slide 9
    Example of Higher Commodity Effects on EBITDA, DCF, & Coverage (MM) 2014e 2015e 2016e Plan EBITDA 3,035 3,255 3,490 Incremental EBITDA from 1.10 NGL/4.50 gas* 130 130 130 Incremental EBITDA from stronger commodity prices at Empress…
  10. MORGAN STANLEY MIDSTREAM MLP & DIVERSIFIED NG CORPORATE ACCESS EVENT – Spectra Energy Corp. – slide 10

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