Gus Wagner ARC Media October 2019 – Jefferson City WE ARE PHILLIPS 66 Phillips66jcmo.Com
Today’s Program… Updates & Benefits of Pipeline Project
Presenters: Derek Gibson Jefferson City Area Supervisor for Phillips 66 Gus Wagner ARC Media October 2019 – Jefferson City WE ARE PHILLIPS 66 Phillips66JCMO.com
phillips66.com | NYSE: PSX CAUTIONARY STATEMENT
This presentation contains certain forward-looking statements. Words and phrases such as “is anticipated,” “is estimated,” “is expected,” “is planned,” “is scheduled,” “is targeted,” “believes,” “intends,” “objectives,” “projects,” “strategies” and similar expressions are used to identify such forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements relating to the operations of Phillips 66 and Phillips 66 Partners LP (including their respective joint venture operations) are based on management’s expectations, estimates and projections about these entities, their interests and the energy industry in general on the date this presentation was prepared. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Factors that could cause actual results or events to differ materially from those described in the forward-looking statements can be found in filings that Phillips 66 and Phillips 66 Partners LP make with the Securities and Exchange Commission. Phillips 66 and Phillips 66 Partners LP are under no obligation (and expressly disclaim any such obligation) to update or alter these forward- looking statements, whether as a result of new information, future events or otherwise.
This presentation includes non-GAAP financial measures. You can find the reconciliations to comparable GAAP financial measures at the end of the presentation materials or in the “Investors” section of the websites of Phillips 66 and Phillips 66 Partners LP.
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3 COMPANY OVERVIEW
• Diversified energy manufacturing and logistics company: Midstream, Chemicals, Refining, Marketing and Specialties • Process, transport, store and market fuels and products globally • Mission: Providing Energy. Improving Lives. • Values: Safety, Honor, Commitment • Headquarters: Houston, Texas • Stock: PSX (NYSE) As of Dec. 31, 2018 Sales $111 billion
Earnings* $5.6 billion
Total assets $54.3 billion
Employees 14,400
*Net income attributable to Phillips 66
phillips66.com | NYSE: PSX
4 RICH HISTORY
• 1875 - First predecessor company, Continental Oil Company, is founded. • 1917 - Phillips Petroleum Company is founded in Bartlesville, OK. • 2002 - Conoco and Phillips Petroleum Company merge to form ConocoPhillips. • 2012 - Phillips 66 spins off as a public, stand alone company.
Chemicals Midstrea m
Fuels & Lubricants
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5 DIVERSIFIED DOWNSTREAM COMPANY
MIDSTREAM CHEMICALS REFINING MARKETING AND SEPCIALITIES Integrated Midstream 50% Interest in CPChem Diversified Refining Stable, High-return Network Portfolio Location Advantaged Businesses Pursue Organic and M&A Chemicals Portfolio Investing in Quick Enhancing U.S. Opportunities Payout Projects USGC Petchem Fuels Brands PSXP as a Growth Project Complete Footprint Offers Vehicle Opportunities for Midstream Growth
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6 MIDSTREAM
Business Operations • Natural Gas Liquids • Transportation • Phillips 66 Partners • DCP Midstream
Pipeline systems • Crude and feedstock • LPG • Natural gas • NGL • Petroleum products
Terminals • Finished products • Crude • Petroleum coke • Rail • Marine
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8 PHILLIPS 66 IN JEFFERSON CITY
Phillips 66 Operations
Approximately 20 employees in Jefferson City Fuels managed in Jefferson City Fuels transported on the Blue & Gold pipelines
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9 PHILLIPS 66 IN JEFFERSON CITY
Phillips 66 Blue Gold Pipeline Project
Approximately 300 employees and contractors in Jefferson City Working with City, County, and State officials Open lines of communications with landowners Two project locations
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10 PIPELINE REPLACEMENT PROJECT
Add map from Fact Sheet here and some bullets about the project from the fact sheet, updated timeline
www.Phillips66JCMO.com
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13 COMMITMENT TO THE COMMUNITY
• Tornado Disaster Recovery
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14 COMMITMENT TO THE COMMUNITY
East End Roundabouts
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15 COMMITMENT TO THE COMMUNITY
78,000 hours volunteered in local communities by employees 27 million dollars donated to education & literacy, environment & sustainability, and safety & preparedness 625,000 dollars in disaster relief funding 2.7 million dollars supporting community safety and preparedness, including disaster relief funding 2,030 charitable organizations supported through the matching gift program 6.6 million dollars donated through the matching gift and volunteer grants programs
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16 Providing Energy. Improving Lives. Phillips66JCMO.com
phillips66.com | NYSE: PSX