Western Midstream Partners, Lp · NYSE:WES
Western Midstream Partners, Lp — Investor Presentation (May 2019)
8 slides from Western Midstream Partners, Lp's investor presentation, May 2019
Slide 1: WES Investor Presentation May 2019
NYSE: WES westernmidstream.com INVESTOR RELAT IONS JACK SPINKS Manager, Investor Relations 832 636 3738 WES INVESTOR PRESENTATION May 2019
Slide 2: Cautionary Language Regarding Forward Looking Statements
Cautionary Language Regarding Forward Looking Statements This presentation contains forward-looking statements. Western Midstream Partners, LP (“WES”) believes that its expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove to have bee
Slide 3: WES: Built to Deliver Sustainable Value
WES: Built to Deliver Sustainable Value SIMPLIFIED STRUCTURE World-Class Assets in Permian and DJ Basins • Significant multi-product service offerings in core of both basins • 75+% of 2019E EBITDA and 90+% of 2019E Capital Expenditures Anadarko Petroleum Corporation Public • De-risked growth with sc
Slide 4: Strategic Portfolio of Assets
Strategic Portfolio of Assets 1Q19 Throughput1 Natural Crude and Produced Gas NGLs Water (MMcf/d) (Mbbls/d) (Mbbls/d) DJ BASIN Delaware Basin 1,178 145 518 DJ Basin 1,258 102 — WHITE CLIFFS Equity Investments 377 304 — FRONT RANGE SADDLEHORN Other 1,562 55 — DELAWARE BASIN TEXAS EXPRESS Total 4,375
Slide 5: Focused in High-Growth Basins
Focused in High-Growth Basins 2019E Adjusted EBITDA: 2019E Capital Expenditures: 2019E Coverage Ratio: $1.8 to $1.9 Billion $1.3 to $1.4 Billion Coverage Expansion Equity Investments Equity Investments 10% 6% Note: Delaware Basin 2019E Adjusted EBITDA includes distributions from, and 2019E Capital E
Slide 6: Delaware Basin: Expansive Multi-Product Infrastructure
Delaware Basin: Expansive Multi-Product Infrastructure 2019E Delaware Basin Adjusted EBITDA ~$740 • Gas, Crude & Water Solutions NEW MEXICO • System Backbones In Place TEXAS • Capital Efficient and Scalable Million • Long-term, Fee-Based Contracts RAMSEY LOVING LONG-TERM CULBERSON CONTRACT SUPPORT P
Slide 7: DJ Basin: Integrated Footprint
DJ Basin: Integrated Footprint LONG-TERM DJ Basin Infrastructure Integrated Equity Ownership CONTRACT SUPPORT Oil Treating Product Weighted Average Length1 Online Oil ~9.5 Years ~155 Front Range MBOPD Latham Plant White Cliffs & Saddlehorn ~80% = 9+ Years 400 MMcf/d Gas Under Construction Cushing ~2
Slide 8: 2019 Guidance
2019 Guidance ($ in millions, includes full-year effect of acquired assets) 2019 Guidance Adjusted EBITDA1 $1,800 - $1,900 Total Capital Expenditures2,3 $1,300 - $1,400 Maintenance Capital Expenditures $110 - $120 Annual Distribution Growth 6% - 8% Annual Distribution Coverage Minimum 1.2x 1) A reco
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