Products Partners L P : Investor Deck

INVESTOR DECK

September 2020

Forward-Looking Statements

This presentation contains forward-looking statements based on the beliefs of the company, as well as assumptions made by, and information currently available to our management team (including information published by third parties). When used in this presentation, words such as "anticipate," "project," "expect," "plan," "seek," "goal," "estimate," "forecast," "intend," "could," "should," "would," "will," "believe," "may," "scheduled," "potential" and similar expressions and statements regarding our plans and objectives for future operations, are intended to identify forward-looking statements.

Although management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. You should not put undue reliance on any forward-looking statements, which speak only as of their dates. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those expected, including insufficient cash from operations, adverse market conditions, governmental regulations, the possibility that tax or other costs or difficulties related thereto will be greater than expected, the impact of competition and other risk factors discussed in our latest filings with the Securities and Exchange Commission.

All forward-looking statements attributable to Enterprise or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained herein, in such filings and in our future periodic reports filed with the Securities and Exchange Commission. Except as required by law, we do not intend to update or revise our forward-looking statements, whether as a result of new information, future events or otherwise.

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Enterprise Products Partners L.P. (NYSE:EPD)

NGLs, Crude Oil, Natural Gas, Petrochemicals and Refined Products

Fully integrated

midstream

energy company

• ≈50,000 miles of NGL, crude oil, natural gas, petrochemicals and refined products pipelines
• ≈260 MMBbls of NGL, petrochemical, refined products and crude oil, and 14 Bcf of natural gas storage capacity

• 22 natural gas processing facilities;
  24 fractionators; 11 condensate distillation facilities; PDH facility; iBDH facility
• 19 deepwater docks handling NGLs, PGP, crude oil and refined products

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Why EPD?

Diversification:

Geographic, Products

and Markets

Disciplined Allocator of

Capital - TTM June 2020:

CFFO Allocation:

Payout(1)	62%
Capital investment	38%

Funding Growth Capital(2):

CFFO (less distributions)	65%
Debt	35%

as of 2Q 2020

Market Capitalization:

≈$37B

Enterprise Value:

≈$7B

Daily Trading Value:

(last 20 days)

≈$26MM

as of September 8, 2020

Average

Return on Invested Capital(1):

12%

over the last 10 years

Among highest credit ratings in midstream space:

BBB+ / Baa1

TTM June 2020 Leverage(1):

3.4x reported

2020

$1.78/unit

2Q 2020 distribution annualized

1.6x distribution coverage

$2.5B-$3.0B

2020 Growth CAPEX

$2B buyback in place

(>$220MM repurchased(3))

>21 consecutive years of distribution increases

Interests Aligned with Investors:

32% of common units owned by

Management

1. For a definition, see appendix.
2. Our CFFO for 2Q 2020 was impacted by increased uses of working capital for marketing opportunities (including contango)
3. Through June 30, 2020

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