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Investor Presentation – Midcoast Energy Partners, L.P.

Midcoast Energy Partners, L.P. · Feb 19, 2015 · 12 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. Investor Presentation – Midcoast Energy Partners, L.P. – slide 1
    Fourth Quarter 2014 Earnings Presentation February 18, 2015
  2. Investor Presentation – Midcoast Energy Partners, L.P. – slide 2
    Introduction Business Update Delivered 4Q financial results in-line Constructive actions executed to navigate 2015 and 2016 Secured new business opportunities with low-risk, highly certain revenue commercial structures Enhances…
  3. Investor Presentation – Midcoast Energy Partners, L.P. – slide 3
    Financial Results - Delivered on Guidance Financial Summary (1) Volumes Midcoast Operating, LP 4Q 2014 FY 2014 Anadarko East Texas North Texas 2,500 Adjusted EBITDA, inclusive of other cash 55.6 212.1 292 297 (mmbtu/d in…
  4. Investor Presentation – Midcoast Energy Partners, L.P. – slide 4
    Positioned to Navigate Near-Term Markets Exercising prudent financial discipline Implemented cost reduction and asset optimization actions Commodity hedges secure 2015 and 2016 cash flows Average 2015 Forward Prices 2015 2016…
  5. Investor Presentation – Midcoast Energy Partners, L.P. – slide 5
    Executing on Strategic Priorities Strengthen underlying business Recontracted and captured new business that enhances cash flow certainty Implemented 50 million operating & administrative cost reductions Focused cost management…
  6. Investor Presentation – Midcoast Energy Partners, L.P. – slide 6
    Strategic Entry into Eaglebine Play Secured transactions establish strategic East Texas System foothold in the liquids-rich Eaglebine Midcoast to construct the Ghost Chili lateral Midcoast acquiring NGRs midstream assets 160 million…
  7. Investor Presentation – Midcoast Energy Partners, L.P. – slide 7
    Regional Outlook Overview Continue to monitor developments and work closely with producers as conditions evolve Producer capex and drilling reductions are expected Gathering, Processing & Transportation Highlights East Texas…
  8. Investor Presentation – Midcoast Energy Partners, L.P. – slide 8
    Capital Expenditures Forecast & Funding Outlook Midcoast Operating, L.P. 2015e Prudently managing capital ( millions) expenditures: Beckville Gas Processing Plant 50 Eaglebine Developments (4) 135 Reduction in capital forecast to…
  9. Investor Presentation – Midcoast Energy Partners, L.P. – slide 9
    Key Takeaways Third consecutive quarterly distribution increase (+ 9.6% YTD) Solid 4Q performance and healthy coverage of 1.08X Exercise prudent distribution policy to achieve stronger coverage and enhance financial flexibility…
  10. Investor Presentation – Midcoast Energy Partners, L.P. – slide 10
  11. Investor Presentation – Midcoast Energy Partners, L.P. – slide 11
    Appendix
  12. Investor Presentation – Midcoast Energy Partners, L.P. – slide 12
    2015 Financial Outlook 2015 Guidance Outlook Midcoast Operating, L.P. ( millions) 2015e Strong 4Q financial results Adjusted EBITDA, inclusive of other Evolving producer drilling plans 255 - 280 cash items(1) Midcoast Energy…

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