Investor Presentaiton
2022 CAPITAL ALLOCATION
BALANCED CAPITAL ALLOCATION APPROACH
Uses of DCF
ENLINK
MIDSTREAM
2022E Distributable Cash Flow
$300
FCFAD
■Growth Capex &
Plant Relocations
$905MM
20% distribution
increase in 4Q21
Maintain significant
FCFAD and financial
flexibility
Investing in high-return
growth projects
$220
$315
Matterhorn
Investment
■Common
$70
Distributions
Financial Flexibility
2022E FCFAD
$50
$75
■1Q22 Pfd B
Repurchase
$300MM
■Return of Capital to
Common Unitholders
Repurchased
incremental $50MM of
Pfd B in 1Q22
Repurchased $75MM of
common units¹ in 1 H22
Expect to increase return of
capital by 75%+ through
$150MM $200MM of
common unit buybacks
Includes $24MM of common units repurchased from GIP pursuant to the previously disclosed Unit Repurchase Agreement dated February 15, 2022 and which settled on
August 2, 2022.
$175
■Growth
Projects/Leverage
Reduction
September 2022 Investor Presentation
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