Providing Investors with Income and Growth Total Cumulative Return of 100 Investment TSX:KEY 1,100 1,000 900 800 700 600 23% 500 400 Compound annual TSR1 300 8% 200 100 CAGR2 in dividends per share 1 From KEY…
Growing to Meet Customer Demand Capital Cost Projects ( Millions)1 2013 2014 2015 2016 2017 Rimbey turbo expander 210 Wapiti raw gas and condensate pipelines 180 Simonette plant modifications 95 Strachan vitasul project 66 Gas…
Industry Fundamentals Driving Keyeras Growth Canadian Industry Focus Keyera Business Driver Natural gas producers require Liquids-rich natural significant infrastructure to gas production support growing natural gas activity…
Integrated Business Lines Superior Service Offering Delivering Midstream Energy Solutions Along the Value Chain* * Fee-for Service Revenues were 68% of Keyeras 2013 Operating Margin, including intersegment transactions. Operating…
Benefitting from Liquids-Rich Gas Geological Horizons Canada is home to some of the most economic natural gas plays in North America Surface Larger, liquids-rich gas reserves are being Cardium developed rapidly Notikewin High…
Gathering and Processing Business Unit Montney Well maintained, long-life facilities 2.5 Bcf/d licensed gross capacity Keyera operates 15 of 16 plants NGL extraction capability at 95% of plants Extensive gathering systems…
New Pipelines Capturing Growing Gas Production in Core Area Carlos Offload pipelines Two 25-km pipelines now in service; 8-inch raw gas pipeline and a 6-inch condensate pipeline Pipeline capital cost 23 million Wilson Creek…
West Central Alberta Significant Infrastructure Exists to Meet Growing Producer Demand Keyera is well positioned to capture southern Producers active in the West Central Area: Duvernay volumes: Encana. Shell 11 plants (2 bcf/d…
Enhancing Service Offering at Rimbey Adding 400 MMcf/d turbo expander to enhance liquids extraction Ethane capacity 20 Mbbls/d Project underpinned by long-term ethane purchase agreement Gross capital 210 million Expected start-up…
Northern Duvernay Majors Acquiring Significant Land Positions Emerging natural gas resource development east of Simonette Initial indications are that Duvernay gas contains high levels of condensate and other NGLs Significant…
Simonette Expanding to Handle New Gas Production Wapiti pipelines Opening new capture area northwest of plant in Wapiti / Elmworth area where producers drilling liquids-rich Montney zone Two 90-km pipelines; a 12-inch sour gas…
Cynthia Gas Plant Growing Through Acquisition Acquired ownership interests in deep-cut facilities in west Central Alberta - 85% ownership interest in Cynthia gas plant - 5% remaining interest in Bigoray gas plant (to now own 100%)…
LNG Development May Drive Increased NGL Production 14 LNG projects in various stages1 7 export licenses approved1 Liquids-rich zones expected to be a significant source of gas Edmonton/Fort Saskatchewan energy hub logical…
Expanding Fractionation Capacity Adding 35,000 Bbls/d of C3+ fractionation capacity at Keyeras Fort Saskatchewan facility (KFS) Long-term agreements in place Net cost to Keyera 175 million Anticipate online Q1 20161 Adding 30,000…
Oil Sands Multi-Decade Production Large reserve base (170 Billion barrels recoverable1) Represents approximately half of world oil reserves not under sovereign control1 Majority of future production expected to come from in-situ…
Growing Demand for Diluent from Oil Sands Producers Bitumen Production Western Canada Condensate Supply and Demand MB/d MB/d 4,000 800 In Situ (SAGD) Demand (Bitumen Blending) 3,500 In Situ (CSS) 3,000 Mining 600 Supply (WCSB…
Extensive, Flexible Infrastructure Serving Oil Sands Producers Multiple receipt and delivery options provide Keyeras Crude & Condensate Network significant flexibility for customers Adding new receipt points: Connected to the Cochin…
Increasing Underground Storage Capacity at KFS Meeting the growing demand for diluent storage, by continuing to add storage capacity at Fort Saskatchewan Thirteenth and fourteenth storage caverns currently under development…
Expanding our Condensate Service Offering Enbridge proceeding with development of Norlite pipeline, a diluent pipeline from Fort Saskatchewan to Athabasca oil sands region Keyera will be participating as 30% non-operating owner…
South Cheecham Rail and Truck Terminal South Cheecham Rail and Truck Terminal completed in Q3, 2013 Ownership Keyera 50% (operator), Enbridge 50% Terminal capable of receiving diluent and solvents and loading dilbit and bitumen…
Alberta Crude Terminal Loading Crude onto Rail 50/50 partnership with Kinder Morgan Connection to Kinder Morgans extensive storage facility provides customers access to several crude qualities Project underpinned by Irving Oil…
Josephburg Terminal A Propane Solution for Industry Josephburg terminal will help address the need for new propane rail infrastructure to handle: Cochin propane volumes as the pipeline is no longer in propane service Growing propane…
Rail Terminal Hull, Texas Facility intended to facilitate the movement of NGL mix, propane, butane and iso- butane into the Mont Belvieu market Complementary storage agreement at Daisetta, TX Commissioning underway…
Alberta EnviroFuels (AEF) Iso-octane added to gasoline to Facility uses butane as Largest iso-octane facility in create high octane, low vapour feedstock North America, capacity of pressure gasoline Iso-octane supplied to key 13,600…
Natural Gas Liquids NGL Marketing Services Purchase and fractionate NGL mix into specification products (propane, butane, and condensate) Ethane Store NGLs as required to meet demand and operational fluctuations Utilize Keyeras…
Recent Financial Highlights Closed 318 million equity issue on May 29, 2014 Net proceeds used to partially fund Keyeras capital growth program, reduce short term indebtedness and for general corporate purposes Increased dividend by…
Conservative Capital Structure Adjusted EBITDA1 Millions 400 350 1.78X3 9% 300 Net Debt4 to Net Debt4 to 250 EBITDA1 Enterprise Value5 200 150 100 50 0 1 Non-GAAP measure. See Keyeras Q2 2014 MD&A for a definition of EBITDA…
Trading Metrics KEY Trading Symbols (TSX) 94.76 Common Share Price1 8.0 B Market Capitalization1 8.9 B Enterprise Value1,2 84.0 M Common Shares Outstanding3 178,337 Daily Trading Volume4 2.58 Annualized Dividend per Share5…
Positioned for the Future Positioned to benefit from liquids-rich gas production Positioned to capitalize on growth in oil sands activities 2014 growth capital expected to be largest in Keyeras history Continued focus on…
For Further Information Contact: John Cobb Vice-President, Investor Relations 888-699-4853 irkeyera.com Keyera Corp. 600, 144 4 Avenue SW Calgary, Alberta T2P 3N4 WWW.KEYERA.COM 32
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