Credit Suisse 20th Annual Energy Summit February 23 - 24, 2015 Strong. Innovative. Growing. 1
Our Strategy: Stability Plus Growth A Stable Investment in the MLP Space Top tier midstream energy service for our customers Stability of cash flows 95% fee-based contracts 50% of gross operating margin from long-term Devon…
The Vehicle for Sustainable Growth: Strategically Located and Complementary Assets Gathering and Transportation 8,800 miles of gathering and transmission lines 11 Bcf of natural gas storage capacity Gas Processing 13 plants with…
The Vehicle for Sustainable Growth: MLP Structure with a Premier Sponsor Devon Energy Corp. Public NYSE: DVN Unitholders (BBB+ / Baa1) 70% 30% EnLink Midstream, LLC ENLC owns 100% of IDRs 44% General Partner 37% NYSE:…
The Vehicle for Sustainable Growth: Well Positioned with a Strong Balance Sheet Strong B/S Investment grade balance sheet at ENLK (BBB, Baa3) & Credit Debt / EBITDA of 3.3x Profile Strong liquidity with new 1.5 billion credit…
2015 Guidance: Stability Plus Growth 2015 EnLink Midstream Consolidated Guidance Adjusted EBITDA 740 MM % of Gross Operating Margin from fee-based contracts 95% 2015 EnLink Midstream Partners, LP (ENLK) Guidance Adjusted EBITDA 710…
The Four Avenues for Growth 9
The Four Avenues for Growth Progress in Last Nine Months Capital Avenue 1: Ohio River Valley: E2 drop down complete Commitment Drop Downs EnLink Midstream Holdings (EMH): 25% 1.1 Billion drop down complete Avenue 2: West…
Avenue 1: Drop Downs Devon Sponsorship Creates Drop Down Opportunities Devon Sponsorship Provides Potential for 375 MM of Adjusted EBITDA from Drop Downs 2014 2015 2016 2017 25% E2 EMH 25% EMH ** Drop Down Cost: Victoria…
Avenue 1: Drop Downs E2 Drop Down in Ohio River Valley New Assets Three facilities operating, two under construction When completed, five facilities will have total capacity of 580 MMcf/d and 19,000 Bbl/d Strategic Benefits E2…
Avenue 1: Future Drop Downs Devons Access & Victoria Express Pipelines Access Pipeline Victoria Express Pipeline Three 180 mile pipelines from Sturgeon 56 mile crude oil pipeline from Eagle Ford terminal to Devons thermal acreage…
Avenue 2: Growing With Devon Martin County Expansion in West Texas Ajax: 120 MMcf/d cryogenic processing plant Acreage dedication from Devon in Martin County Anchored by long-term, fee-based contract Expect to begin operations in…
Avenue 2: Growing With Devon Significant Production Growth in Cana-Woodford EnLink Assets in the Cana-Woodford Devon Assets in the Cana-Woodford Pipeline: 410 miles, 530 MMcf/d capacity Devon Rigs in Cana Processing: one plant with…
Avenue 3: Organic Growth Projects Gulf Coast Market for Products & Services is Strategic to Growth Plans New Gas Pipelines to Gulf Coast 9.0 8.0 7.0 6.0 Bcf/d 5.0 4.0 3.0 2.0 1.0 0.0 Source RBN Energy, January 2015…
Avenue 3: Organic Growth Projects Cajun-Sibon Expansion Complete 258 miles of NGL pipeline from Mont Belvieu area to NGL fractionation assets in south Louisiana (195 miles new, 63 miles re-purposed) 140 MBbl/d south Louisiana…
Avenue 3: Organic Growth Projects JV with Marathon to Build NGL Pipeline in South LA New Assets in Development 30-mile, 10 NGL pipeline from EnLinks Riverside fractionator to Marathon Petroleums Garyville refinery Expected to be…
Avenue 3: Organic Growth Projects Ohio River Valley Condensate Pipeline, Stabilization & Compression System Expansion New Assets In Development 45-mile, 8 condensate pipeline with an expected capacity of 50,000 Bbl/d 6 new…
Avenue 4: Mergers & Acquisitions Gulf Coast Natural Gas Assets Closed on 235 million acquisition from Chevron on November 1st Creates opportunities to optimize Louisiana assets and convert redundant natural gas pipelines to other…
Avenue 4: Mergers & Acquisitions Coronado Midstream in Midland Basin Announced 600 million agreement to acquire Coronado Midstream Holdings LLC on Feb. 2, 2015 Coronados assets include: 175 MMcf/d of gas processing capacity 270…
Avenue 4: Mergers & Acquisitions LPC Crude Oil Logistics Business Closed on acquisition of LPC Crude Oil Marketing, LLC (LPC) on January 31, 2015 for 100 MM LPCs assets include: 13 pipeline and refinery injection stations, 67 miles…
EnLink Midstream Today & Tomorrow EnLink Midstream EnLink Midstream Today Potential Future in 2017 Access Pipeline Drop down Drop CANADIAN Complete ORV Condensate Pipeline and Downs OIL SANDS Stabilizers Complete Cana…
Our Strategy: Stability Plus Growth A Stable Investment in the MLP Space Top tier midstream energy service for our customers Stability of cash flows 95% fee-based contracts 50% of gross operating margin from long-term Devon…
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