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Enterprise Products Partners Lp ENTERPRISE PRODUCTS PARTNERS L.P. ANALYST MEETING April 10, 2019 © ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. enterpriseproducts.com 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. When used in this presentation, words such as “anticipate,” “project,” “expect,” “plan,” “seek,” “goal,” “estimate,” “forecast,” “intend,” “could,” “should,” “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. © ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. EPD – A PLATFORM THAT MEETS ALL NEEDS Welcome and Opening Remarks IV: Demand Panel Randa Duncan Chairman Moderated by Brent Secrest Senior VP, Commercial Randy Burkhalter VP, Investor Relations • Natalie Gayden VP, Distribution Services • Corey Johnson VP, Crude Oil & Ref. Products Marketing I: Executive Outlook • Zach Strait VP, Unregulated NGLs Randa Duncan Chairman Randy Fowler President & Chief Financial Officer V: Petrochemical Panel Moderated by Tony Chovanec Senior VP, Fundamentals & Commodity Risk Assessment II: Fundamentals Panel • Chris D’Anna Senior VP, Petrochemicals Moderated by Tony Chovanec Senior VP, Fundamentals & Commodity Risk Assessment VI: Engineering / EH&S Panel • Richard Toubia Director, Structure Asset Optimization Moderated by Graham Bacon Executive VP, Operations • Natalie Reagan Manager, Supply Appraisal & Engineering • Angie Murray VP, Technical Services III: Supply Panel • Kevin Ramsey VP, Capital Projects • Ivan Zirbes VP, EHS&T Moderated by Brad Motal Senior VP, Natural Gas & Regulated NGLs VII: Financial Overview • Jay Bany VP, Crude Oil Pipelines & Terminals Randy Fowler President & Chief Financial Officer • Tug Hanley VP, Pipelines & Terminals Daniel Boss Senior VP, Accounting & Risk Control • Corey McGuinness Senior Director, Eastern Gas Gathering Chris Nelly Senior VP, Finance & Treasurer • John Thompson Director, Gas Supply & Processing VIII: Appendix © ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. EXECUTIVE OUTLOOK Randa Duncan – Chairman Randy Fowler – President & Chief Financial Officer © ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. enterpriseproducts.com THE ENTERPRISE MODEL: OUR CULTURE DEFINES AND DIFFERENTIATES US Our Personal Mission: “Do the best you can every day.” —Dan Duncan, Founder Our Collective Mission: Achieve extraordinary results through perseverance, hard work and collaboration Our Values (What We Believe): Our Environment (How We Work): We are committed to a safe, injury free workplace We succeed through collaboration and transparency We operate with absolute integrity We encourage creativity and an entrepreneurial spirit We exercise financial discipline We are driven to produce results We practice humility We are passionate about what we do We care about each other, our customers and our unitholders We know that details matter Our Leadership Focus (How We Lead): Communication – we strive to listen, understand and be Change – we are flexible, adaptable and confident in the face of understood challenges Education – we are each a student and a teacher Curiosity – we ask “why” and “why not” Action – we make things happen Humility – we know our strength is as a team, not individuals Collaboration – we solve problems together Value – we have a unique ability to recognize and deliver value © ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. Executive Outlook – 2 2018 ANALYST DAY REVISITED Total Return since “Sometimes I don't think the Analyst Day 2019 YTD market gives us credit for having a 03/07/2018 vision, and then executing on it.” EPD 25.9% 21.8% –Jim Teague Alerian MLP Index 8.0% 17.4% NYSE FANG+ Index 0.4% 22.0% Dow Industrials 8.9% 13.8% S&P 500 7.9% 15.5% Real Estate 24.1% 17.8% EPD has the highest total Utilities 22.8% 9.6% return since EPD’s 2018 Consumer Discretionary 13.2% 18.7% Information Technology 12.2% 22.4% Analyst Day Health Care 10.2% 6.2% Telecom 7.5% 17.3% EPD has the third highest Consumer Staples 7.4% 10.6% total return YTD 2019 Industrials 3.1% 20.0% Energy -1.1% 15.1% Materials -1.4% 15.0% Financials -8.4% 10.9% * Total returns as of 4/4/2019 Note: Past results may not be indicative of future performance. © ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. Executive Outlook – 3 EPD FINANCIAL PERFORMANCE DCF Adjusted EBITDA Coverage Ratio ($Billions) ($Billions) (pre-price collapse) 2014 $4.1 1.4x $5.3 2015 $5.6 1.3x $5.3 2016 $4.1 1.2x $5.3 2017 $4.5 1.2x $5.6 2018 $6.0 1.6x $7.2 Key ingredients in these results can be summed up in one word: “Teamwork” © ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. Executive Outlook – 4 2018 FINANCIAL ACCOMPLISHMENTS Performance vs. 2017 Record DCF of $6.0 billion exceeded 2017 by 33% Cash Flow from Operations of $6.1 billion exceeded 2017 by 31% Free Cash Flow of $2.0 billion exceeded 2017 by 50% Exceeded Self-Funding Objectives Retained $2.2 billion of DCF to redeploy into new growth capital No 2018 external equity funding, other than distribution reinvestment (“DRIP”) Capitalization Issued $5.7 billion of debt; proceeds used to redeem existing hybrid notes (for an annual interest savings of $11.3 million), refinance existing notes and fund growth capital Continue to maintain substantial liquidity; $6.3 billion at 12/31/18 Note: Distributable cash flow (“DCF”), adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”) and free cash flow are non-generally accepted accounting principle (“non-GAAP”) financial measures that are defined & reconciled to their nearest GAAP counterparts on our website under the heading “Non-GAAP Financial Measures.” © ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. Executive Outlook – 5 2018 PROJECTS / MILESTONES Safety Received 1st place safety award by GPA Midstream Association – 2nd straight year Operations Record liquids pipeline and marine terminal volumes: 6.3 MMBPD and 1.6 MBPD, respectively Produced 20 MBPD of Propylene from PDH facility in 2018 (≈83% operating rate 4Q) Loaded over 1 MMBbls of crude oil on the first VLCC at Texas City Expansions Purchased 65 additional acres on Houston Ship Channel to support the expansion of our marine terminal Placed new assets into service: Orla I and II processing plants and Frac 9 Expanded capacity of Midland to ECHO pipeline to 575 MBPD Commercial Milestones Became exclusive provider of all marine fuels at Enterprise Hydrocarbons Terminal (“EHT”) Launched the WTI Houston Crude Futures contract with CME to increase global access to EPD’s crude export and distribution system © ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. Executive Outlook – 6 EXCELLENT FUNDAMENTALS Shale plays have resulted in U.S. being long all energy products Large, growing markets in Asia, India and Africa Renaissance of U.S. petrochemical industry continues EPD uniquely positioned with premier supply aggregation, storage and export marine terminals for NGLs and crude oil EPD’s “best in class” integrated system is well situated to provide services to domestic and international petrochemical and refining industries Our history of system reliability matters to both producers and end use consumers © ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. Executive Outlook – 7 AMERICAN OIL / AMERICAN JOBS WE’RE PROUD OF THE ROLE WE PLAY EPD ECHO Terminal © ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. Executive Outlook – 8 MOMENTUM CONTINUES INTO 2019 Projects added during 2018 to benefit 2019 has several major projects that full year EBITDA in 2019 have started or are poised to start* Seminole pipeline conversion into Midland to ECHO I crude oil pipeline Midland to ECHO II (1Q 2019) (full service 2Q 2018) Shin Oak NGL pipeline (1Q 2019) Permian Old Ocean and North Texas natural gas Permian Orla III (2Q 2019) Focused pipelines (JV with ETP – 2Q 2018) Focused Orla I (2Q 2018) and Orla II (4Q 2018) Mentone I gas plant (2Q 2020) with capacity of 300 MMcf/d and 40 MBPD Loving county pipeline (3Q 2018) of NGL production Front Range and Texas Express pipeline Mont expansions (3Q 2019) Mont Frac 9 (2Q 2018) Belvieu / Restart 55 MBPD of fractionation
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  • Enterprise Products Partners Lp
    ENTERPRISE PRODUCTS PARTNERS L . P. ANALYST DAY March 4, 2021 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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  • February 14, 2006
    Enterprise Products Partners, Enterprise GP Holdings and TEPPCO Partners Reorganize Boards of Directors of General Partners February 14, 2006 HOUSTON--(BUSINESS WIRE)--Feb. 14, 2006--The general partners of Enterprise Products Partners L.P. "Enterprise" (NYSE:EPD), Enterprise GP Holdings L.P. "Enterprise GP" (NYSE:EPE) and TEPPCO Partners, L.P. "TEPPCO" (NYSE:TPP) have announced the reorganization of their respective boards of directors effective immediately. Enterprise Products Partners: Enterprise Products GP, LLC, the general partner of Enterprise, has announced the election of Stephen L. Baum, Richard H. Bachmann, Michael A. Creel, Dr. Ralph S. Cunningham and W. Randall Fowler as directors and the resignations of O. S. "Dub" Andras, W. Matt Ralls and Richard S. Snell from its board of directors. Enterprise GP Holdings: Upon their resignations from the board of Enterprise Products GP LLC, Mr. Andras and Mr. Ralls were elected as directors to the board of EPE Holdings, LLC, the general partner of Enterprise GP. In addition to Mr. Andras and Mr. Ralls, Mr. Bachmann, Mr. Fowler and Robert G. Phillips were also elected to the board of directors of the general partner of Enterprise GP. TEPPCO Partners: Mr. Snell was elected to the board of Texas Eastern Products Pipeline Company, LLC, the general partner of TEPPCO, effective January 6, 2006. Effective February 13, 2006, Mr. Snell resigned from the board of Enterprise Products GP LLC. In addition to Mr. Snell's prior election, Mr. Bachmann, Mr. Creel and Mr. Fowler were also elected to the board of directors of TEPPCO. "I am pleased to add Steve Baum to the Enterprise board.
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  • Enterprise/Enbridge Proceeding Reaffirms Existing Market-Based Rate Methodology but Modifies Requirement to Show Good Alternatives in Terms of Cost
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  • Enterprise and Enbridge Announce Completion of Seaway Pipeline Reversal
    ENTERPRISE AND ENBRIDGE ANNOUNCE COMPLETION OF SEAWAY PIPELINE REVERSAL Houston, Texas and Calgary, Alberta (May 17, 2012) – Enterprise Products Partners L.P. (NYSE: EPD) and Enbridge Inc. (NYSE/TSX:ENB) today announced that modifications to the Seaway crude oil pipeline allowing it to transport crude oil from Cushing, Oklahoma to the U.S. Gulf Coast have been completed. The pipeline is in the process of being commissioned, and the first flows of crude oil into the line are expected to begin this weekend. The reversal of the 500-mile, 30-inch diameter pipeline, which had been in northbound service since 1995, provides North American producers with the infrastructure needed to access more than 4 million barrels per day (“BPD”) of Gulf Coast refinery demand. The reversal will initially provide 150,000 BPD of capacity, which is expected to increase to more than 400,000 BPD in the first quarter of 2013 with additional modifications and increased pumping capabilities. Seaway Crude Pipeline Company LLC is a 50/50 joint venture owned by affiliates of Enterprise Products Partners and Enbridge Inc. In addition to the pipeline that transports crude oil from Cushing to the Gulf Coast, the Seaway system is comprised of a terminal and distribution network originating in Texas City, Texas, which serves refineries locally and in the Houston area. The Seaway system also includes dock facilities at Freeport and Texas City. For additional information, please visit www.seawaypipeline.com. Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals.
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  • Enterprise Products Partners L.P
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  • Enterprise Products Partners Signs Long-Term Agreements to Provide Midstream Services in the Eagle Ford Shale
    Enterprise Products Partners Signs Long-Term Agreements to Provide Midstream Services in the Eagle Ford Shale October 25, 2010 HOUSTON, Oct 25, 2010 (BUSINESS WIRE) -- Enterprise Products Partners L.P. (NYSE:EPD) today announced certain of its subsidiaries have entered into 10-year agreements with each of Pioneer Natural Resources USA, Inc. (NYSE:PXD), Reliance Eagleford Upstream Holding LP and Newpek, LLC (collectively, the "Pioneer JV") under which Enterprise will provide a full scope of midstream energy services to handle liquid-rich natural gas and crude oil production from the Pioneer JV's acreage in the Eagle Ford Shale play in South Texas. The agreements cover a significant portion of the Pioneer JV's expected Eagle Ford Shale production, including commitments for firm natural gas transportation, natural gas processing, natural gas liquid (NGL) fractionation and transportation services and crude oil marketing. "We look forward to putting our experience and assets to work for Pioneer and its partners, who we believe hold one of the most attractive NGL-rich natural gas and crude oil acreage positions in the Eagle Ford Shale," said Michael A. Creel, Enterprise President and Chief Executive Officer. "The flexibility of our existing integrated network, combined with new options that will be available with our assets currently under construction, has positioned Enterprise to provide a tailored solution for meeting the crude oil, natural gas and NGL infrastructure needs of producers in the Eagle Ford Shale." The Pioneer JV's NGL-rich natural gas will initially be processed using Enterprise's existing U.S. Gulf Coast facilities until it can be processed at Enterprise's previously announced natural gas processing plant that is under development in South Texas.
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  • Form 10-K Enterprise Products Partners L.P
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  • Form 10-K Enterprise Products Partners L.P
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  • UNITED STATES SECURITIES and EXCHANGE COMMISSION Washington, D.C
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