Mplx Lp · NYSE:MPLX
Mplx Lp — RBN Energy Export Conference 2019
17 slides from Mplx Lp's conference presentation, May 21, 2019
Slide 1: RBN Energy Export Conference
RBN Energy Export Conference May 21, 2019
Slide 2: Forward-Looking Statements
Forward‐Looking Statements This presentation contains forward-looking statements within the meaning of federal securities laws regarding MPLX LP (MPLX). These forward-looking statements relate to, among other things, the proposed acquisition of Andeavor Logistics LP (ANDX) by MPLX and include expect
Slide 3: Additional Information
Additional Information Additional Information and Where to Find It In connection with the proposed transaction, a registration statement on Form S-4 will be filed with the SEC. INVESTORS AND SECURITY HOLDERS ARE ENCOURAGED TO READ THE REGISTRATION STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED WIT
Slide 4: About MPLX
About MPLX ⚫ Diversified, large-cap MLP with high-quality, strategically located assets with leading midstream position ⚫ Two primary businesses – Logistics & Storage includes transportation, storage and distribution of crude oil, refined petroleum products and other hydrocarbon-based products, and
Slide 5: Aligned Strategic Priorities
Aligned Strategic Priorities Capture Full Enhance Grow in Leverage Financial Midstream Cash Flow Premier MPC Discipline Value Chain Stability Basins Relationship Participate across Long-haul pipelines Permian: Fosters further Self-funding equity value chain to to add further stable significant growt
Slide 6: U.S. Production Growth Creates Midstream Opportunities
U.S. Production Growth Creates Midstream Opportunities Strong production growth in crude, natural gas, and natural gas liquids will require additional infrastructure to link supply to global demand markets. Pipelines, processing, fractionation and export facilities will be needed to allow producers
Slide 7: 2019 Capital Outlook
2019 Capital Outlook Forecast organic growth capital of ~$2.2 B* L&S Segment Logistics ⚫ Permian long-haul pipelines & Storage ⚫ Mt. Airy Terminal expansion ⚫ Swordfish Pipeline ⚫ Marine fleet expansion G&P Segment ⚫ Expect to commission six additional Gathering & plants by end of 2019 Processing ~0
Slide 8: Logistics & Storage
Logistics & Storage Segment Overview ⚫ High-quality, well-maintained assets that are integral to MPC ⚫ Transports, stores, distributes and markets crude oil and refined petroleum products ⚫ Stable cash flows with fee-based revenues and minimal direct commodity exposure Fuels Pipelines Refining Termi
Slide 9: Capturing Permian Opportunities
Capturing Permian Opportunities Creating an integrated footprint from Legend Crude the Permian to the Gulf Coast NGL Natural Gas 1 Gathering and processing Delaware & Midland Basins TEXAS 2 Long-haul pipelines 1 3 Fractionation 2 3 4 4 Export terminals 9
Slide 10: Permian G&P Feeds Downstream Opportunities
1 Permian G&P Feeds Downstream Opportunities Gathering systems create significant growth opportunities in the Permian TexNew Conan Mex Gathering Preakness Torñado System System Argo Apollo 1 Legend Crude pipeline To Texas City area Hidalgo Natural gas pipeline NGL pipeline To Houston To Agua Dulce C
Slide 11: Permian Crude Pipelines
2 Permian Crude Pipelines Investments in long-haul pipelines generate stable, fee-based midstream income and also help lower feedstock costs tor MPC refineries ⚫ Gray Oak Pipeline – MPC, Diamondback Energy, PSXP – ~850 mile, 30-inch diameter TEXAS – Anticipate in-service 4Q19 Wink Orla Crane ⚫ Wink-
Slide 12: Permian Natural Gas and NGL Pipelines and Fractionation
2 Permian Natural Gas and NGL Pipelines and 3 Fractionation ⚫ Whistler Residue Gas Pipeline – JV with White Water Midstream and others – 42” pipeline with ~2.0 Bcf/d capacity – Anticipate in-service early 2021 TEXAS ⚫ BANGL Pipeline (Belvieu Alternative NGL) Orla Waha – JV with White Water Midstream
Slide 13: Expanding Export Capabilities
4 Expanding Export Capabilities Export facilities create ability to generate third party revenue and meet global demand for crude, refined products, and NGLs ⚫ Currently in service – Mt. Airy, LA: acquired in 3Q18 – LOOP: expansion with planned Capline reversal and Swordfish Pipeline TEXAS ⚫ Planned
Slide 14: Mt. Airy Export Terminal
4 Mt. Airy Export Terminal ⚫ Strategically located on Mississippi River in close proximity to several refineries, including MPC’s Garyville refinery ⚫ 4 MMBBL of third-party leased storage capacity, capability to expand storage capacity to 10 MMBBL ⚫ 120,000 bpd export dock, permitted for constructi
Slide 15: Capline Reversal – Swordfish - LOOP
Capline Reversal – Swordfish - LOOP Competitive full-service solution Capline – 40” crude oil pipeline from Patoka, IL, to St. James, LA – Reversed service planned for September 2020 Swordfish Pipeline – Proposed crude oil pipeline from St. James to Clovelly in Louisiana – Expected in service first
Slide 16: Hopedale NGL Caverns
Hopedale NGL Caverns Hopedale NGL Caverns - MPLX project with potential strategic partners - Designed to store ethane, propane, and butanes in individual salt caverns - Strategically located at the crossroads of all major NGL pipelines in Appalachia - Facilitates exports to Sarnia and off the East C
Slide 17: Thank you!
Thank you! 17