2014 MASTER LIMITED PARTNERSHIP INVESTOR CONFERENCE MAY 22, 2014
PARTNERSHIP OVERVIEW Gathering and processing master limited partnership formed in 2010 Leadership position in 9 unconventional basins in U.S. 12 billion market capitalization with 49% public float Global Infrastructure Partners…
EXPANDING ASSET BASE HIGH QUALITY, SCALABLE ASSET BASE IN HIGH GROWTH UNCONVENTIONAL PLAYS Key Operating Data(1) Total Assets: 8.3 billion Dedicated Areas: 8.3 million acres Miles of Pipe: 6,414 Volume: 3,828 mmcf/d…
ACCESS COMPRESSION ACQUISITION SUMMARY ACMP acquired CHKs compression units servicing ACMPs gathering systems in the Marcellus and Utica regions for a purchase price of 160 million Asset portfolio fits ACMP business model 8x forward…
WHERE WEVE BEEN 2014 The Year of 2013 the Customer The Year of 2012 Execution 2011 The Year of Transition 15.5 (1) The Year of 14.9 2010 Dropdowns The Year of IPO 9.0 5.0 4.3 Enterprise Value ( billions) 1) Data…
BEST IN CLASS MLP Best in class midstream business model Industry leading organic growth platform Key investment highlights include: Low Risk Business Model Industry Leading Growth Conservative Financial Strategy Experienced…
OUR GROWTH FOCUS Organic growth Growth CAPEX in millions 4.3 billion in 2013-2016 1,468 Substantial processing 1,100-1,200 investment 900-1,000 600-800 Business development growth 660 345 New producer opportunities 2011A…
FINANCIAL PERFORMANCE FINANCIAL PERFORMANCE HIGHLIGHTS STRENGTH OF ACMP MODEL Adjusted EBITDA(1) Enterprise Value in millions in billions 14.9 15.5 241 250 227 207 184 9.0 118 121 120 119 97 5.0 84 92 4.3 73 76 2.6 IPO…
HIGHLY VISIBLE GROWTH ACMP FINANCIAL OUTLOOK UPDATED WITH 2016 ( million) 2014 2015 2016 EBITDA 1,025 1,125 1,250 1,350 1,400 1,600 Growth Capital 1,100 1,200 900 1,000 600 800 Maintenance 130 130 130 Capital Capable of…
ORGANIZATIONAL REALIGNMENT Focused Accountability Business Development reports to Chief Operating Officer VP Business Development & Commercial position created Expanded Organization Increasing the number of Commercial…
COMMERCIAL PRIORITIES MOVING FORWARD Organic focus Leverage existing footprint Leverage core competencies Leverage balance sheet Organizational capability In-house resources JV partners General Partners Track record Most well…
COMMERCIAL WINS UEO Expansion Fifteen year term with a fifteen year extension option held by the Upstream JV Increase area of dedication by 53% Volume cap increases from 600,000 Mcf/d to 1.0 Bcf/d UEO to extend High Pressure…
EXPANDING CUSTOMER BASE ACMP Volume Mix Customer Highlights Strong leading customer CHK % 81% 71% 55-60% 50% Leading unconventional producer Expansive position in leading basins Strong operating and financial performance NE…
OUR COMMITMENT TO SAFETY & ENVIRONMENTAL EXCELLENCE Every day, across every part of our business, Access is committed to safety and environmental excellence Every day, we commit to: Excellence Safety Environment Community Focus…
CORPORATE INFORMATION ACMP Headquarters 525 Central Park Dr. Oklahoma City, OK 73105 (877) 413-1023 Web site: www.accessmidstream.com Contact: Dave Shiels Chief Financial Officer dave.shielsaccessmidstream.com (405) 727-1740