FirstEnergy Capital Corp. Conference David G. Smith, President & CEO March 11, 2015
Excellent Track Record of Financial Performance Per Share Historical Financial Results Payout Ratio 14% 5.00 100% 4.50 90% 4.00 80% 3.50 70% CAGR in distributable cash flow 3.00 60% per share2 2.50 50% 2.00 1.50 1.00 40%…
Keyeras Integrated Business Lines * Operating margin from Keyeras fee-for-service business represented 61% of total operating margin in 2014. Operating margin refers to total operating revenues less total operating expenses and G&A…
Industry Fundamentals Driving Keyeras Growth 3Assuming timely receipt of approvals and no construction delays Infrastructure Required to Meet Growing Oil and Gas Production 6
Multiple, Liquids-Rich Gas Geological Horizons Montney Duvernay Cardium Glauconite Sustainable Long-Term Liquids-Rich Gas Potential 7
Strategically Located Facilities in Liquids-Rich Gas Area Keyeras Integrated Infrastructure Provides Attractive Value for Producers 8
Simonette Expanding to Handle Montney Production Constructed Wapiti pipeline system Opens new capture area where producers are drilling liquids-rich Montney zone Two 90-km pipelines: 12-inch sour gas gathering pipeline and 6-inch…
New Pipelines Capturing Growing Gas Production Developing an Efficient, Flexible Gathering Network 10
Enhancing Service Offering at Rimbey Adding 400 MMcf/d turbo expander to enhance liquids extraction De-bottlenecking fractionator to expand capacity by 6,900 bbls/d Providing Full Service Solution to Liquids-Rich Gas…
Growing Through Selective Acquisitions Acquisitions completed in 2014 Existing Plants: - Cynthia gas plant (85% operating owner) - Ricinus gas plant (71% operating owner) New Plants: - Alder Flats gas plant (35% non-operating owner)…
Oil Sands Production Growth Expected to Continue Bitumen Production Forecast (Historical + Risked) Top 8 Consumers by Ranking of Operated Production MB/d Sources: Peters & Co. Limited estimates, AER and geoSCOUT. Source: Peters &…
Extensive, Flexible Condensate Infrastructure Keyeras Condensate Network Providing Customers with Significant Receipt and Delivery Flexibility 14
Keyera Fort Saskatchewan Complex (KFS) Keyeras Fractionation and Storage Hub 15
KFS - Expansions Underway Adding 30,000 bbls/d de-ethanizer To fractionate an ethane-rich stream of NGLs (C2+ mix) Expected on stream in Q1 20151 Adding 35,000 bbls/d of C3+ fractionation Anticipate online Q1 20162 Adding…
KFS De-ethanizer Being Commissioned February 28, 2014 March 2, 2015 What a Difference a Year Makes 17
Expanding Diluent Transportation Network Participating in Enbridge Norlite Pipeline as 30% Owner 18
Expanding Delivery Service Offering Leveraging Logistics Expertise to Support Transportation by Rail 19
Josephburg Terminal A Propane Solution for Industry Josephburg terminal will help address the need for new propane rail infrastructure Capacity of approximately 40,000 bbls/d Expected on stream mid-20151 1 Assuming construction…
Conservative Capital Structure 2.2x 14.2% Net Debt1 to Net Debt1 to Long-Term Debt Maturities EBITDA2 Enterprise Value3 300 250 200 CAD MM 150 264 100 167 125 109 143 50 97 60 60 75 46 0 2015 2016 2017 2018 2019…
Our Platform for Success Keyeras growth driven by liquids-rich gas production and oil sands development Western Canadian geology with layered zones provides long-term resource Business based on providing essential services to…
For Further Information Contact: John Cobb Vice-President, Investor Relations Lavonne Zdunich Director, Investor Relations Nick Kuzyk Manager, Investor Relations 888-699-4853 irkeyera.com Keyera Corp. 600, 144 4 Avenue SW…