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Credit Suisse MLP and Energy Logistics Conference – Energy Transfer

Energy Transfer · Jun 10, 2014 · 19 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. Credit Suisse MLP and Energy Logistics Conference – Energy Transfer – slide 1
    ENERGY TRANSFER EQUITY Credit Suisse MLP & Energy Logistics Conference June 10th, 2014 Jamie Welch Group CFO
  2. Credit Suisse MLP and Energy Logistics Conference – Energy Transfer – slide 2
    ENERGY TRANSFER FAMILY PRO FORMA ENERGY TRANSFER EQUITY, L.P. (NYSE: ETE) General Partner / Parent Company 14.5% LP Interest, 50.16 million 9.2% LP Interest, 0.7% GP Interest, Class H Units (1) 1.1% GP Interest & IDRs & IDRs…
  3. Credit Suisse MLP and Energy Logistics Conference – Energy Transfer – slide 3
    SIGNIFICANT FINANCIAL SCALE AND DIVERSIFICATION ACROSS THE FAMILY Energy Transfer Partners, L.P. (NYSE: ETP) (1) Enterprise value in excess of 90 billion Market Cap: 19.0 billion (2) Unit Price: 56.83 ETE ETP SXL RGP…
  4. Credit Suisse MLP and Energy Logistics Conference – Energy Transfer – slide 4
    BUSINESS OVERVIEW Energy Transfer Equity (ETE), a pure-play general partner (GP), is an MLP that receives all of its cash flow from limited partner interests, GP interests and incentive distribution rights (IDRs) in Energy Transfer…
  5. Credit Suisse MLP and Energy Logistics Conference – Energy Transfer – slide 5
    BUSINESS MODEL TRANSFORMATION Natural Gas Midstream Transmission & Storage Gathering and Processing Interstate NGLs Intrastate Transportation / Frac and Storage / Export SXL Crude Oil / Refined Products / NGLs and Terminals (East…
  6. Credit Suisse MLP and Energy Logistics Conference – Energy Transfer – slide 6
    SHALE BASIN PRODUCTION GROWTH ALIGNED WITH ENERGY TRANSFER FAMILY OPERATING ASSETS Pro Forma Retail Locations Energy Transfer Asset Overview includes Distributers, Dealers, and Co-ops ETP Assets SXL Assets RGP Assets , Sunoco…
  7. Credit Suisse MLP and Energy Logistics Conference – Energy Transfer – slide 7
    UNIQUELY POSITIONED TO CAPITALIZE ON GROWING U.S. EXPORT STORY Asset base well-positioned to capture the changing supply and demand dynamics for condensates, natural gas, NGLs and LNG Europe NGLs LNG Asia Natural Gas…
  8. Credit Suisse MLP and Energy Logistics Conference – Energy Transfer – slide 8
    KEY INVESTMENT HIGHLIGHTS ETEs cash flow comes from a highly diversified revenue stream supported by long-term, fee-based contracts from large scale, regulated operations ETP has six distinct business segments, each making meaningful…
  9. Credit Suisse MLP and Energy Logistics Conference – Energy Transfer – slide 9
    TRANSFORMATION AND CONTINUED GROWTH ETP Adjusted Propane Midstream Intrastate Interstate NGL Retail Crude All other EBITDA by Operating 13% 10% Segment 15% 18% 15% 17% ( in millions) 14% 2009 LTM 53% 9% 25% 1,477 4,203 11% SXL…
  10. Credit Suisse MLP and Energy Logistics Conference – Energy Transfer – slide 10
    ORGANIC DEVELOPMENT AND ACQUISITIONS DRIVE GROWTH RGP SXL ETP 1.20 11
  11. Credit Suisse MLP and Energy Logistics Conference – Energy Transfer – slide 11
    CONSISTENT AND GROWING DISTRIBUTIONS FROM STRONG, DIVERSIFIED OPERATING BUSINESSES ETE currently receives significant cash flow from Trunkline LNG and through its LP, GP and IDR interests in ETP, RGP and SXL Trunkline ( in millions)…
  12. Credit Suisse MLP and Energy Logistics Conference – Energy Transfer – slide 12
    TRUNKLINE AND LAKE CHARLES LNG Adding liquefaction transforms Trunkline into a bi-directional facility capable of importing and exporting LNG - Lake Charles LNG, the liquefaction project in development, is currently owned 60% ETE /…
  13. Credit Suisse MLP and Energy Logistics Conference – Energy Transfer – slide 13
    LAKE CHARLES LNG ON TRACK FOR FINAL INVESTMENT DECISION IN MID-2015 Train 1 DOE FTA & non-FTA Approvals Definitive FID In-Service Pre-FEED & Feed Study Agreements mid-2019 FERC Pre-Filing & Application Preliminary Commercial Q3 14…
  14. Credit Suisse MLP and Energy Logistics Conference – Energy Transfer – slide 14
    APPENDIX
  15. Credit Suisse MLP and Energy Logistics Conference – Energy Transfer – slide 15
    NET IDR RELINQUISHMENTS TO ETP FROM ETE ( in millions) 2014 2015 2016 2017 2018 2019 Total Net IDR Relinquishments (124) (86) (107) (85) (80) (70) (552) Management Fees (95) (95) (5) (195) Total (219) (181) (112) (85) (80)…
  16. Credit Suisse MLP and Energy Logistics Conference – Energy Transfer – slide 16
    NON-GAAP RECONCILIATIONS Energy Transfer Equity, L.P. ( in millions) FY 2010 FY 2011 FY 2012 FY 2013 1Q14 (1) ETP GP distributions 396 441 459 522 116 ETP LP distributions 191 180 180 268 29 ETP distributions credited to Holdco…
  17. Credit Suisse MLP and Energy Logistics Conference – Energy Transfer – slide 17
    NON-GAAP RECONCILIATIONS Energy Transfer Partners, L.P. 2014 2013 Q1 Q2 Q3 Q4 YTD Q1 Q2 Q3 Q4 FY Net income 491 - - - 491 424 413 404 (473) 768 Interest expense, net of interest capitalized 219 - - - 219 211 211 210 217 849 Gain on…
  18. Credit Suisse MLP and Energy Logistics Conference – Energy Transfer – slide 18
    NON-GAAP RECONCILIATIONS Sunoco Logistics Partners L.P. 19
  19. Credit Suisse MLP and Energy Logistics Conference – Energy Transfer – slide 19
    NON-GAAP RECONCILIATIONS Regency Energy Partners LP 20

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