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Q1 2014 – Midcoast Energy Partners, L.P.

Midcoast Energy Partners, L.P. · Apr 30, 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. Q1 2014 – Midcoast Energy Partners, L.P. – slide 1
    First Quarter 2014 Earnings Presentation April 30, 2014
  2. Q1 2014 – Midcoast Energy Partners, L.P. – slide 2
    Agenda Predictable Distribution Growth 1. Opening Remarks 2. Strategic Overview Large Scale, Enhanced Strong Diversified Access to Sponsor and Business 3. Financial Results & Outlook Capital Management 4. Business Development…
  3. Q1 2014 – Midcoast Energy Partners, L.P. – slide 3
    Strategic Priorities & Overview Execute on 1st drop-down post-IPO from EEP 100% debt-funded, targeted mid-2014 Target distribution increase coinciding with drop-down Strengthen underlying business performance Increase system…
  4. Q1 2014 – Midcoast Energy Partners, L.P. – slide 4
    Financial Results Financial Summary (1) Volumes / Rig Count Anadarko East Texas North Texas Rig Count Midcoast Operating, LP 1Q 2014 3,000 400 Adjusted EBITDA (2) 46.5 350 2,500 (mmbtu/d in thousands) 332 333 MEP Main…
  5. Q1 2014 – Midcoast Energy Partners, L.P. – slide 5
    Gathering, Processing & Transportation Segment: Natural Gas Volume Outlook Activity Indicators, Anadarko 6-County , 52-Weeks 110 Strengthening Natural Gas 100 Rigs Well Starts Permits Volume Outlook 90 80 70 Producer backlog…
  6. Q1 2014 – Midcoast Energy Partners, L.P. – slide 6
    Business Development Update Gathering, Processing & Transportation Highlights East Texas Avinger plant upgraded in first quarter to enhance NGL recoveries New MEP NGL pipeline connecting Longview and Beckville plants to Mont Belvieu…
  7. Q1 2014 – Midcoast Energy Partners, L.P. – slide 7
    Capital Forecast & Available Liquidity 2014 Capital Expenditures(1) Available Liquidity Beckville Gas Processing Plant 110 millions Well Connect Expansion Capital 55 1,200 113 5 Texas Express NGL System 20 1,000 250 250 963…
  8. Q1 2014 – Midcoast Energy Partners, L.P. – slide 8
    Execute on Drop-Down from EEP 100% Natural Gas business ownership 61% 39% IPO IPO 2014 NTM 9/30/14 2017e 2017E Execute on Growth Strategy First drop-down post-IPO targeted mid-2014 300400 million 100% Debt funded…
  9. Q1 2014 – Midcoast Energy Partners, L.P. – slide 9
    Key Takeaways Producer activity increasing First quarter performance not indicative of ongoing run-rate Commercial teams focused on enhancing cash flow certainty Operations team focused on increasing asset reliability while…
  10. Q1 2014 – Midcoast Energy Partners, L.P. – slide 10

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