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Q2 2014 Earnings Call – Midcoast Energy Partners, L.P.

Midcoast Energy Partners, L.P. · Jul 31, 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. Q2 2014 Earnings Call – Midcoast Energy Partners, L.P. – slide 1
    Second Quarter 2014 Earnings Presentation July 31, 2014
  2. Q2 2014 Earnings Call – Midcoast Energy Partners, L.P. – slide 2
    Second Quarter Highlights Executed first drop-down acquisition from EEP Initial quarterly distribution increase Strengthening base business Aggressively pursuing accretive growth midcoastpartners.com 2
  3. Q2 2014 Earnings Call – Midcoast Energy Partners, L.P. – slide 3
    Strategic Priorities & Overview Vision: Become leading natural gas and NGL midstream infrastructure developer, operator and service provider Strengthen underlying business Recontract and capture new business that enhances cash flow…
  4. Q2 2014 Earnings Call – 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 2Q 2014 3,000 400 Adjusted EBITDA (2) 44.7 350 2,500 (mmbtu/d in thousands) 333 MEP Main…
  5. Q2 2014 Earnings Call – Midcoast Energy Partners, L.P. – slide 5
    Capital Forecast & Available Liquidity 2014 Capital Expenditures(1) Beckville Plant Construction Beckville Gas Processing Plant 105 Well Connect Expansion Capital 55 Texas Express NGL System 20 Expansion Capital 105 Maintenance…
  6. Q2 2014 Earnings Call – Midcoast Energy Partners, L.P. – slide 6
    Asset & Fundamentals Update Activity Indicators, Anadarko 6-County , 52-Weeks Gathering, Processing & Transportation Highlights 175 Rigs Well Starts Permits 150 East Texas 125 Beckville plant construction underway (1Q 2015…
  7. Q2 2014 Earnings Call – Midcoast Energy Partners, L.P. – slide 7
    Execute on Growth Strategy 100% Natural Gas business 48.4% 61% ownership 51.6% 39% IPO July 1, 2014 2017e Executed first drop-down since IPO from EEP Acquired 12.6% ownership interest in Midcoast Operating for 350…
  8. Q2 2014 Earnings Call – Midcoast Energy Partners, L.P. – slide 8
    Key Takeaways Executed 1st drop-down since IPO from EEP 350 million, 100% debt-funded (July 1, 2014) Position for future drop-downs from sponsors Announced initial quarterly distribution increase (4% increase over MQD) Intend to…
  9. Q2 2014 Earnings Call – Midcoast Energy Partners, L.P. – slide 9
    We had a slow start But now we are back in the race midcoastpartners.com 9
  10. Q2 2014 Earnings Call – Midcoast Energy Partners, L.P. – slide 10

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