INVESTOR DECK
November 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
-
21 natural gas processing facilities;
25 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?
Diversified & built for the long run
Geographic, Product
and Market Diversification
Disciplined Allocator of Capital - TTM Sep 2020:
CFFO Allocation: | |
Payout(1) | 68% |
Capital investment | 32% |
Funding Capital Investments(2): | |
CFFO (less distributions) | 49% |
Debt | 51% |
as of 3Q 2020
Market Capitalization:
≈$39B
Enterprise Value:
≈$69B
Daily Trading Value:
(last 20 days)
≈$144MM
as of November 10, 2020
Average
Return on Invested Capital(1):
12%
over the last 10 years
Among highest credit ratings in midstream space:
BBB+ / Baa1
TTM Sep 2020 Leverage(1):
3.5x reported
2020
$1.78/unit
3Q 2020 distribution annualized
1.6x distribution coverage
$2.9B
2020 Growth CAPEX
$2B buyback in place
(≈$255MM repurchased(3))
>21 consecutive years of distribution increases
History of unitholder alignment through actions & ownership
32% of common units owned by
Management
- For a definition, see appendix.
- Our CFFO for 3Q 2020 was impacted by increased uses of working capital for marketing opportunities (including contango)
- Through September 30, 2020
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Enterprise Products Partners LP published this content on 11 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2020 13:16:04 UTC