Enable Midstream Partners, LP Barclays Investment Grade Energy and Pipeline Conference March 4, 2015
Enable Midstream Highlights Integrated suite of gathering, processing, transportation and storage assets with a high degree of interconnectivity between assets and end markets Significant fee-based and demand-fee margin Long-term…
Enable Midstream Ownership Structure Sponsors CenterPoint Energy and OGE Energy have a substantial ownership interest in Enable Midstream that represents a significant portion of their respective assets, supporting continued sponsor…
Appendix Gathering and Processing Segment 6
Anadarko System System Map System Highlights Super-Header connects seven processing facilities, allowing Enable to optimize natural gas processing economics and improve system utilization and reliability Producers remain active on…
Ark-La-Tex and Arkoma Systems Ark-La-Tex System Map System Highlights Rich gas exposure to the Cotton Valley play and lean gas exposure to the Haynesville and Fayetteville Shales Primarily fee-based with significant minimum volume…
Williston System System Map System Highlights In 2013, XTO invited Enable to develop a crude oil gathering system in the Bakken Enables first crude gathering system, located in Dunn and McKenzie counties, commenced initial…
Transportation andAppendix Storage Segment 10
Enable Gas Transmission (EGT) Pipeline Map Pipeline Highlights 5,946 miles 5,946-mile interstate pipeline serving 6.6 Bcf/d capacity 31.5 Bcf storage capacity Arkoma, Ark-La-Tex and Anadarko basins in Oklahoma, Texas, Arkansas,…
Mississippi River Transmission (MRT) Pipeline Map Pipeline Highlights 1,663-mile interstate pipeline in Texas, Arkansas, Louisiana, Missouri and Illinois MRTs primary delivery points are to local distribution companies and…
Southeast Supply Header (SESH) Pipeline Map Pipeline Highlights 286-mile interstate natural gas pipeline that runs from Perryville, Louisiana, to southeastern Alabama near the Gulf Coast Joint venture among Enable Midstream,…
Enable Oklahoma Intrastate Transmission (EOIT) Pipeline Map Pipeline Highlights Intrastate EOIT 2,241-mile intrastate transportation 2,241 miles 1.9 Bcf/d peak throughput pipeline system in Oklahoma 24.0 Bcf storage capacity…
Appendix Financial Overview 15
Well-Positioned for Todays Environment Investment grade ratings, low leverage and substantial liquidity with a 2.9x debt-to-Adjusted EBITDA ratio1 and 1.1 billion in revolver capacity2 as of December 31, 2014 Significant fee-based…
Reduced Commodity Exposure for 2015 Enable targets fee-based contracts on a firm basis, when possible Some gathering and processing contracts have provisions to protect against low commodity price environments and volume decreases…
Large and Diverse Customer Base Enables revenues are strengthened by a diverse, high-quality customer base, many of whom are investment grade Many of our customers rely on us for multiple midstream services across both G&P and T&S Loyal…
Financial Flexibility and Liquidity Enable has a strong balance sheet and liquidity profile to facilitate its growth strategy Overview Liquidity and Debt Capitalization as of Dec 31, 2014 1.4 billion credit facility provides…
Growth Strategy Remains Unchanged Capture organic growth opportunities in our core basins Extend the value chain from wellhead to end users in our core commodities of gas, NGLs and crude Establish a presence in high-growth basins…
As of Enable Midstreams 2015 Outlook Earnings Release on Feb. 18, 2015 2014 Prior Updated in millions, except volume numbers Actuals 2015 Outlook 2015 Outlook Natural Gas Gathered Volumes (TBtu/d) 3.34 3.5 3.7 3.1 3.3 Natural Gas…
As of Enable Midstreams Expansion Capital Outlook Earnings Release on Feb. 18, 2015 in millions 2015 Contracted Expansion 600 800 Identified Opportunities 0 300 Total 600 1,100 Contracted Expansion includes: Gathering,…
Key Investment Highlights Fully integrated suite of assets: 11,900 miles of gathering systems, 12 major processing plants, Significant Size, Scale and 7,900 miles of interstate pipelines (including SESH, in which we own a 49.90%…
Question and Answer Question & Answer 24
Appendix Appendix 25
Non-GAAP Reconciliations Historical Pro Forma 3 Months Ended Year Ended Year Ended December 31, December 31, December 31, 2014 2013 2014 2013 2013 Revenues 735 824 3,367 2,489 3,120 Cost of goods sold, excluding depreciation and…
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