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Corporate Update – Pembina Pipeline Corp

Pembina Pipeline Corp · Jun 30, 2012 · 36 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 Update – Pembina Pipeline Corp – slide 1
    PEMBINA PIPELINE CORPORATION (TSX: PPL, NYSE: PBA) CORPORATE UPDATE June 2012
  2. Corporate Update – Pembina Pipeline Corp – slide 2
    CORPORATE PROFILE Common Shares Outstanding (1) 286.9 million Current Common Share Trading Price (1) 27.65 52-Week Trading Range 20.64 - 31.15 Market Capitalization (2) 8.6 billion Total Enterprise Value (2) 10.3 billion…
  3. Corporate Update – Pembina Pipeline Corp – slide 3
    VALUE PROPOSITION Highly efficient assets Industry Leader One of Canadas largest energy infrastructure companies Strong Industry Growing demand for NGL and crude oil midstream services Resurgence of conventional plays due to…
  4. Corporate Update – Pembina Pipeline Corp – slide 4
    STRONG HISTORICAL PERFORMANCE 500 19.5 4 % % average % CAGR total compound in dividends return* annual return* per share* 9 13 2 % CAGR BILLION in % CAGR in operating dividends paid since in CFPS* margin* inception *…
  5. Corporate Update – Pembina Pipeline Corp – slide 5
    TOTAL RETURN 700 600 500% Relative Performance (100 = Jan 1, 2002) 500 400 300 200 100 0 Jan-12 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Pembina S&P/TSX Index 6 Source:…
  6. Corporate Update – Pembina Pipeline Corp – slide 6
    GROWTH: VALUE CHAIN FOCUS NGL Unit Core Businesses Midstream & Marketing Cross Commodity Arbitrage Gas/NGL Production Feeder Collection, Field Fractionation Main-Line Pipelines Storage, Extraction Logistics Consumption…
  7. Corporate Update – Pembina Pipeline Corp – slide 7
    WHERE WE OPERATE 8 Map for illustrative purposes only.
  8. Corporate Update – Pembina Pipeline Corp – slide 8
    MAJOR GEOLOGICAL PLAYS (WCSB) 9 Map for illustrative purposes only.
  9. Corporate Update – Pembina Pipeline Corp – slide 9
    OUR BUSINESS AT A GLANCE CONVENTIONAL PIPELINES OIL SANDS & HEAVY OIL 7,850 km network transports 1,650 km of pipelines with 30% of approximately 50% of Alberta's total take-away capacity from the conventional crude oil & about 30%…
  10. Corporate Update – Pembina Pipeline Corp – slide 10
    PEMBINA PIPELINE CORPORATION BUSINESS OVERVIEW
  11. Corporate Update – Pembina Pipeline Corp – slide 11
    PEMBINA PIPELINE CORPORATION CONVENTIONAL PIPELINES
  12. Corporate Update – Pembina Pipeline Corp – slide 12
    CONVENTIONAL PIPELINES BUSINESS Approx. 7,850 km network: 6 crude oil and condensate pipelines and 4 NGL pipelines Transports 50% of Alberta's conventional crude oil production Transports 30% of NGL produced in western Canada…
  13. Corporate Update – Pembina Pipeline Corp – slide 13
    PEMBINA'S CONVENTIONAL THROUGHPUT Strong industry performance combined with strategically located assets has led to strength in Pembina's throughput profile 466,900 bpd 413,900 bpd 500 393,300 bpd 374,000 bpd 400 300…
  14. Corporate Update – Pembina Pipeline Corp – slide 14
    CONVENTIONAL CAPACITY INCREASING Major pipeline systems utilizing 90% of capacity Pre Expansion Post Expansion Crude Systems Capacity (bpd) Capacity (bpd) Bonnie Glen 83,000 83,000 Drayton Valley 145,000 195,000 Peace LVP 155,000…
  15. Corporate Update – Pembina Pipeline Corp – slide 15
    PEMBINA PIPELINE CORPORATION OIL SANDS & HEAVY OIL
  16. Corporate Update – Pembina Pipeline Corp – slide 16
    OIL SANDS & HEAVY OIL BUSINESS Five oil sands / heavy oil / diluent pipeline systems Syncrude Pipeline Horizon Pipeline Cheecham Lateral Nipisi & Mitsue Pipelines 870,000 bpd contracted capacity Potential to vertically…
  17. Corporate Update – Pembina Pipeline Corp – slide 17
    OIL SANDS CONTRACTED CAPACITY (1) Nipisi & Mitsue (mbpd) Horizon 900 800 700 Cheecham 600 Syncrude Expansion 500 Syncrude 400 300 200 100 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012F (1)…
  18. Corporate Update – Pembina Pipeline Corp – slide 18
    PEMBINA'S OIL SANDS OVERVIEW PIPELINE SYSTEM SYNCRUDE HORIZON CHEECHAM NIPISI & MITSUE Contracted Capacity 389,000 250,000 136,000 122,000 (bpd) Contract Type Cost of Service Fixed Return Fixed Return Fixed Return Initial Term 25+…
  19. Corporate Update – Pembina Pipeline Corp – slide 19
    PEMBINA PIPELINE CORPORATION GAS SERVICES
  20. Corporate Update – Pembina Pipeline Corp – slide 20
    GAS SERVICES BUSINESS Strategically positioned infrastructure Regional wells contain NGL of approximately 75 bbls/mmcf Underpinned by long-term contracts Cutbank Complex: 360 mmcf/d of sweet gas processing capacity (305 mmcf/d net…
  21. Corporate Update – Pembina Pipeline Corp – slide 21
    CAPITAL PROJECT OPPORTUNITIES 2012 CAPITAL BUDGET INCLUDES: MUSREAU EXPANSION 50 mmcf/d shallow cut expansion 2012 capital commitment of 25 million Commissioning expected July 2012 SATURN 200 mmcf/d liquids extraction facility 2012…
  22. Corporate Update – Pembina Pipeline Corp – slide 22
    GROWING PROCESSING CAPACITY 1,000 45,000 130 890 900 40,000 800 200 35,000 700 30,000 600 50 25,000 205 Mmcf/d 500 bbls/d bbls 20,000 400 305 15,000 300 10,000 200 100 5,000 0 - Cutbank Musreau Shallow…
  23. Corporate Update – Pembina Pipeline Corp – slide 23
    PEMBINA PIPELINE CORPORATION MIDSTREAM & MARKETING 24
  24. Corporate Update – Pembina Pipeline Corp – slide 24
    MIDSTREAM & MARKETING CRUDE OIL TERMINALLING & HUB SERVICES Three pipelines and associated services 14 truck terminals Three hub locations in the greater Edmonton/Fort Saskatchewan area that form the Pembina Nexus Terminal REDWATER…
  25. Corporate Update – Pembina Pipeline Corp – slide 25
    CRUDE OIL TERMINALLING & HUB SERVICES Develop and provide terminal, hub & storage services Three pipelines & associated linefill Interests in 13 truck terminals & one full service terminal Three hub locations in the greater…
  26. Corporate Update – Pembina Pipeline Corp – slide 26
    PEMBINA NEXUS TERMINAL Peace Pipeline Northern Pipeline Pembina Redwater Fractionator Shell Scotford Refinery Swan Hills Pipeline Namao Hub Nipisi Pipeline Horizon Pipeline Syncrude Pipeline Other Fracs/Storage: Dow, Keyera, BP…
  27. Corporate Update – Pembina Pipeline Corp – slide 27
    CRUDE OIL CAPITAL PROJECTS 2012 CAPITAL BUDGET INCLUDES FULL SERVICE TERMINAL (FST) EXPANSION Focused on emulsion treating, produced water handling and water disposal Converting two existing truck terminals to FSTs and constructing…
  28. Corporate Update – Pembina Pipeline Corp – slide 28
    REDWATER WEST SYSTEM Cost-of-Service Pipelines: Product Market Liquids Gatherings System 100% Pembina (LGS): 100% Pembina C2 Alberta Petrochemical 38,500 bpd capacity C3 Exported by rail and pipeline Pipeline and batch storage C4…
  29. Corporate Update – Pembina Pipeline Corp – slide 29
    EMPRESS EAST SYSTEM Kerrobert Facilities: 50% Pembina Pipeline 150,000 bpd Storage 1.6 mmbbl Superior Facilities: Sarnia Fractionation and Storage: Edmonton 18.3% Pembina 16.5% Pembina Fort Saskatchewan Break Out Storage 300,000…
  30. Corporate Update – Pembina Pipeline Corp – slide 30
    NGL SYSTEM HIGHLIGHTS REDWATER WEST SYSTEM EMPRESS EAST SYSTEM PEMBINA ADVANTAGE PEMBINA ADVANTAGE Located to capture Montney and Oil Sands Newest, most efficient plant at Empress growth opportunities Ability to extract condensate at…
  31. Corporate Update – Pembina Pipeline Corp – slide 31
    REDWATER WEST CAPITAL PROJECTS FRACTIONATION CAPACITY EXPANSION 8,000 bpd expansion 2012 capital commitment of 15 million Fee-for-service commercial structure Commissioning expected 2013 STORAGE DEVELOPMENT Five caverns under…
  32. Corporate Update – Pembina Pipeline Corp – slide 32
    PEMBINA PIPELINE CORPORATION SUMMARY
  33. Corporate Update – Pembina Pipeline Corp – slide 33
    MAJOR PROJECT BREAKOUT PORTFOLIO OF 4 BILLION OF UNRISKED CAPITAL PROJECTS 2012 Remaining PROJECT BUSINESS UNIT IN SERVICE CAPITAL Capital Gas Services / Saturn 125 75 Q4 2013 Conventional Pipelines Gas Services / Resthaven 115 115…
  34. Corporate Update – Pembina Pipeline Corp – slide 34
    LIQUIDITY & ACCESS TO CAPITAL ACCESS CAPITAL AT ATTRACTIVE RATES Sufficient funding for near-term projects DRIP(1) reinstated and currently raising 21 million/month WELL Recently negotiated 1.5 billion credit facility POSITIONED…
  35. Corporate Update – Pembina Pipeline Corp – slide 35
    THE END OF THE LINE BOB MICHALESKI, Chief Executive Officer MICK DILGER, President and Chief Operating Officer PETER ROBERTSON, Vice President, Finance and Chief Financial Officer SCOTT BURROWS, Senior Manager, Corporate…
  36. Corporate Update – Pembina Pipeline Corp – slide 36
    APPENDIX 1. This presentation uses the terms total enterprise value (Pembina's market capitalization plus long-term debt and convertible debentures), EBITDA (earnings before income taxes, depreciation and amortization) and operating…

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