Energy Transfer Lp · NYSE:ET
Energy Transfer Lp — Q1 2021 Earnings Presentation
9 slides from Energy Transfer Lp's earnings presentation, May 6, 2021
Slide 1: Q1 2021 Earnings
Moving America’s Energy Since 1996 Q1 2021 Earnings May 6, 2021
Slide 2: Forward-looking Statements / Legal Disclaimer
Forward-looking Statements / Legal Disclaimer Management of Energy Transfer LP (ET) will provide this presentation in conjunction with ET’s 1st quarter 2021 earnings conference call. On the call, members of management may make statements about future events, outlook and expectations related to Panha
Slide 3: What’s New
What’s New Operational Q1 2021 Financials¹ Strategic Successfully loaded first three VLECs Adjusted EBITDA: Invested significant time and capital at Nederland in January, March and into designing a pipeline system April 2021 Q1’21: $5.04B capable of operating within a wide range of weather c
Slide 4: 2021 Adjusted EBITDA Outlook
2021 Adjusted EBITDA Outlook 2021E Adjusted EBITDA ~$12.9-$13.3 billion Guidance is for existing Energy Transfer business, excluding any contribution from Enable transaction Revised 2021E Adjusted EBITDA Outlook 2020 to 2021E Adjusted EBITDA Drivers 2021E Adjusted EBITDA Breakout + NGL export activi
Slide 5: Disciplined Investments with Higher Returns Focus
Disciplined Investments with Higher Returns Focus 2021E Growth Capital: ~$1.6 billion Includes addition of various small projects, including the Permian Bridge Project, as well as the acceleration of project spend from 2022 into 2021 % of 2021E1 • Mariner East system (ME2, ME2X) NGL & Refined Produc
Slide 6: Alternative Energy Group
Alternative Energy Group Focused on leveraging significant asset base and energy industry expertise to develop projects to reduce environmental footprint throughout operations Dual Drive Compressors - Established in 2012 Patented technology that allows for switching between electric motors and nat
Slide 7: Non-GAAP Reconciliations
Non-GAAP Reconciliations
Slide 8: Non-GAAP Reconciliation
Non-GAAP Reconciliation Energy Transfer LP Reconciliation of Non-GAAP Measures * 2018 (a) 2019 2020 2021 Full Year Full Year Q1 Q2 Q3 Q4 Full Year Q1 Net income $ 3,420 $ 4,825 $ (964) $ 672 $ (401) $ 833 $ 140 $ 3,641 Interest expense, net 2,055 2,331 602 579 569 577 2,327 589 Impairment losses 431
Slide 9: Non-GAAP Reconciliation Notes
Non-GAAP Reconciliation Notes * (a) The closing of the ETO Merger in October 2018 impacted the Partnership’s calculation of Distributable Cash Flow attributable to partners, as well as the number of ET Common Units outstanding and the amount of distributions to be paid to partners. In order to provi