EnLink Midstream LLC : Investor Day Presentation

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I N T E G R I T Y | I N N O V A T I O N | S A F E T Y | P E O P L E | E X C E L L E N C E

FORWARD-LOOKING STATEMENTS

• This presentation contains forward-looking statements within the meaning of the federal securities laws. Although these statements reflect the current views, assumptions and expectations of our management, the matters addressed herein involve certain assumptions, risks and uncertainties that could cause actual activities, performance, outcomes and results to differ materially from those indicated herein. Therefore, you should not rely on any of these forward-looking statements. All statements, other than statements of historical fact, included in this press release constitute forward-looking statements, including but not limited to statements identified by the words "forecast," "may," "believe," "will," "should," "plan," "predict," "anticipate," "intend," "estimate," "expect," "continue," and similar expressions. Such forward-looking statements include, but are not limited to, statements about guidance, projected or forecasted financial and operating results, future results or growth of our CCS business, timing of completion and the terms of any future definitive agreements, success of current contractual discussions, expected development of markets, including the CCS market, expected financial and operations results associated with certain projects, acquisitions, or growth capital expenditures, future operational results of our customers, results in certain basins, cost savings or operational initiatives, profitability, financial or leverage metrics, the impact of weather-related events on us and our financial results and operations, future expectations regarding sustainability initiatives, our future capital structure and credit ratings, objectives, strategies, expectations, and intentions, and other statements that are not historical facts. Factors that could result in such differences or otherwise materially affect our financial condition, results of operations, or cash flows include, without limitation (a) potential conflicts of interest of Global Infrastructure Partners ("GIP") with us and the potential for GIP to compete with us or favor GIP's own interests to the detriment of our other unitholders, (b) adverse developments in the midstream business that may reduce our ability to make distributions, (d) competition for crude oil, condensate, natural gas, and NGL supplies and any decrease in the availability of such commodities, (c) decreases in the volumes that we gather, process, fractionate, or transport, (d) our ability or our customers' ability to receive or renew required government or third party permits and other approvals, (e) increased federal, state, and local legislation, and regulatory initiatives, as well as government reviews relating to hydraulic fracturing resulting in increased costs and reductions or delays in natural gas production by our customers, (f) climate change legislation and regulatory initiatives resulting in increased operating costs and reduced demand for the natural gas and NGL services we provide, (g) changes in the availability and cost of capital, (h) volatile prices and market demand for crude oil, condensate, natural gas, and NGLs that are beyond our control, (i) our debt levels could limit our flexibility and adversely affect our financial health or limit our flexibility to obtain financing and to pursue other business opportunities, (j) operating hazards, natural disasters, weather-related issues or delays, casualty losses, and other matters beyond our control, (k) reductions in demand for NGL products by the petrochemical, refining, or other industries or by the fuel markets, (l) our dependence on significant customers for a substantial portion of the natural gas and crude that we gather, process, and transport, (m) construction risks in our major development projects, (n) challenges we may face in connection with our strategy to enter into the CCS business or other new lines of business related to the energy transition, (o) the impact of the coronavirus (COVID-19) pandemic (including the impact of any new variants of the virus) and similar pandemics,(p) impairments to goodwill, long- lived assets and equity method investments, and (q) the effects of existing and future laws and governmental regulations, and other uncertainties. These and other applicable uncertainties, factors, and risks are described more fully in EnLink Midstream, LLC's filings with the Securities and Exchange Commission, including its Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. EnLink Midstream, LLC assumes no obligation to update any forward-looking statements.
• The EnLink management team based the forecasted financial information included herein on certain information and assumptions, including, among others, the producer budgets / forecasts to, which EnLink has access as of the date of this presentation and the projects / opportunities expected to require growth capital expenditures as of the date of this presentation. The assumptions, information, and estimates underlying the forecasted financial information included in the guidance information in this presentation are inherently uncertain and, though considered reasonable by the EnLink management team as of the date of its preparation, are subject to a wide variety of significant business, economic, and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the forecasted financial information. Accordingly, there can be no assurance that the forecasted results are indicative of EnLink's future performance or that actual results will not differ materially from those presented in the forecasted financial information. Inclusion of the forecasted financial information in this presentation should not be regarded as a representation by any person that the results contained in the forecasted financial information will be achieved.

2023 Investor Day

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AGENDA & PRESENTERS

9:00 - 9:10 AM	Investor Perspective
9:10 - 9:30 AM	Macro Overview &
	EnLink Vision
9:30 - 10:00 AM	Carbon Solutions
	Outlook
10:00 - 10:15 AM	Break
10:15 - 10:45 AM	Asset Overview
10:45 - 11:00 AM	Break
11:00 - 11:15 AM	Financial Overview
11:15 - 11:45 AM	Q&A Panel with
	Business Leaders
11:45AM -12:00 PM	Closing Remarks &
	Beginning of Lunch

Ben Lamb

EVP & CFO

Jesse Arenivas

CEO

Jesse Arenivas

CEO

Walter Pinto

EVP & COO

Ben Lamb

EVP & CFO

Ben Lamb	Chris Tennant	Mike Burdett	Scott Goldberg
EVP & CFO	SVP Commercial	SVP Commercial	VP Carbon Solutions

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I N V E S T O R

P E R S P E C T I V E

Solid midstream investment with differentiated future

ASSET OVERVIEW

PREMIER PRODUCTION BASINS CONNECTED TO KEY DEMAND CENTERS

----------------------------------Our Footprint --------------------------------

Permian

Louisiana

Oklahoma

North TX

	-----------------Service Type -----------------
Basin /		Natural	NGL	Crude
Geography		Gas
Permian Basin		✓	✓	✓
Gulf Coast		✓	✓
Haynesville		✓
Anadarko Basin		✓	✓	✓
Barnett		✓	✓
Marcellus /
Utica		✓	✓	✓

~1,100	26	~6.0	7	~320,000	~13,600
Employees Operating	Processing	Bcf/d Processing	Fractionators	bbl/d Fractionation	Miles of Pipeline
Assets in 7 States	Facilities	Capacity	Capacity

Note: As of December 31, 2022. Ascension Pipeline is 50% owned by a joint venture with a Marathon Petroleum Corp. subsidiary. Delaware Basin gas G&P assets are 49.9% owned by Natural Gas Partners. EnLink owns 15% of Matterhorn JV, the owner of the natural gas pipeline under construction.

2023 Investor Day

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